Sales revenues

12 Months Ended

Mar. 31, 2026

. Sales revenues

(1) Summary by business segments and products

The table below shows Toyota’s sales revenues from external customers by business and by product category.


	Yen in millions
	For the years ended March 31,
	2024		2025		2026
Sales of products
Automotive
Vehicles		35,249,865		36,892,232		38,847,899
Parts and components for production		1,596,111		1,606,173		1,509,449
Parts and components for after service		3,166,586		3,423,389		3,608,666
Other		1,068,169		1,074,505		1,235,909

Total automotive		41,080,731		42,996,299		45,201,924
All other		567,399		602,578		664,026

Total sales of products		41,648,130		43,598,877		45,865,949
Financial services		3,447,195		4,437,827		4,819,003

Total sales revenues		45,095,325		48,036,704		50,684,952

The majority of sales of products are recognized as revenue from contracts with customers under IFRS 15 “Revenue from Contracts with Customers” (“IFRS 15”), and receivables related to such revenue are recognized as “Trade accounts and other receivables”.

The breakdown of income from leases included in financial service revenues is as follows:


	Yen in millions
	For the years ended March 31,
	2024		2025		2026
Finance leases
Financial income related to net lease investment		208,257		258,835		288,732
Operating leases		1,207,719		1,350,051		1,518,824

Total		1,415,975		1,608,886		1,807,556

Financial service revenues other than income from leases mainly consist of interest income recognized using the effective interest method. The amount of such interest income is not significant.

For the years ended March 31, 2024, 2025 and 2026, ¥187,035 million

¥207,154 million

and ¥216,456 million

of financial service revenues were accounted for under IFRS 15.

(2) Contract liabilities

Contract liabilities consist of the following:


	Yen in millions
	April 1, 2024		March 31,
	April 1, 2024		2025		2026
Contract liabilities		1,392,390		1,417,919		1,664,633

Contract liabilities are primarily related to advances received from customers. Contract liabilities are included in “Other current liabilities” and “Other

non-current

liabilities” in the consolidated statement of financial position. For the years ended March 31, 2025 and 2026, the amounts transferred from contract liabilities at the beginning of the fiscal year to sales revenue were ¥

748,193

million and ¥

729,698

million, respectively.

(3) Performance obligations

The aggregate amounts of transaction prices allocated to unsatisfied performance obligations related to contracts that have original expected durations in excess of one year were ¥1,156,410

million and ¥1,350,018 million

as of March 31, 2025 and 2026, respectively. The main

types

of unsatisfied performance obligations are insurance revenues and maintenance revenues.

For insurance revenues, Toyota receives payment

s as

agreed in the contract at the inception of the contract, and reven

ue is recognized over the term of the contract, which ranges from

three

120

months. As of March 31, 2025, the unsatisfied performance obligations related to insurance revenues were ¥

463,707

million, and Toyota expects to recognize as revenue ¥

135,282

million in fiscal 2026, and ¥

328,425

million thereafter.

As of March 31, 2026, the unsatisfied performance obligations related to insurance revenues were ¥

542,409

million, and Toyota expects to recognize as revenue ¥

156,443

million in fiscal 2027, and ¥

385,966

million thereafter.

For maintenance revenues, Toyota receives payments as agreed in the contract at the inception of the contract, and revenue is re

cognized over the term of the contract, which ranges from 18 to 84 months.

Unsatisfied performance obligations related to sales of products for contracts that have an original expected duration of one year or less have been excluded from this disclosure.