v3.25.2
Related party transactions
12 Months Ended
Mar. 31, 2025
Text block 1 [Abstract]  
Related party transactions
32. Related party transactions
(1) Transactions with associates and joint ventures
The balances and turnover of receivables and payables with associates and joint ventures accounted for under the equity method are as follows:
 
    
Yen in millions
 
    
March 31,
 
    
2024
    
2025
 
Trade accounts and other receivables
     
Associates
     464,728        466,420  
Joint ventures
     145,077        79,251  
  
 
 
    
 
 
 
Total
     609,805        545,671  
  
 
 
    
 
 
 
Trade accounts and other payables
     
Associates
      1,423,147         1,576,129  
Joint ventures
     9,668        8,573  
  
 
 
    
 
 
 
Total
     1,432,815        1,584,702  
  
 
 
    
 
 
 
 
 
    
Yen in millions
 
    
For the years ended March 31,
 
    
  2023  
    
  2024  
    
  2025  
 
Sales revenues
        
Associates
     2,821,963        3,137,067        3,420,576  
Joint ventures
     722,278        662,202        622,056  
  
 
 
    
 
 
    
 
 
 
Total
     3,544,240        3,799,268        4,042,632  
  
 
 
    
 
 
    
 
 
 
Cost of products sold (purchases)
        
Associates
      9,891,804         12,426,770        12,889,776  
Joint ventures
     59,703        75,042        82,963  
  
 
 
    
 
 
    
 
 
 
Total
     9,951,507        12,501,811        12,972,740  
  
 
 
    
 
 
    
 
 
 
Dividends from associates and joint ventures accounted for under the equity method are ¥460,008 million and ¥502,793 million for the years ended March 31, 2024 and 2025, respectively. In addition, Toyota does not engage in transactions with associates and joint ventures outside of the normal course of business.
(2) Compensation of key management
The compensation for the directors and audit & supervisory board members of TMC is as follows:
 
    
Yen in millions
 
    
For the years ended March 31,
 
    
  2023  
    
  2024  
    
  2025  
 
                      
Base compensation
          1,226             1,107             1,425  
Bonus
     397        1,054        1,607  
Share compensation
     808        1,862        1,940  
  
 
 
    
 
 
    
 
 
 
Total
     2,430        4,024        4,972