Running head: Original and Reformatted Financial Statements Analysis
1
Original and Reformatted Financial Statements Analysis
Kasie Freeman
Dr. Debra Touhey
BUSI532 – Advanced Financial Statement Analysis
August 1, 2018
Original and Reformatted Financial Statements Analysis 2
Toyota Motor Corporation has experienced a very successful five years of growth and profitability which is shown in the
financial statements. A more thorough understanding of Toyota’s financial situation is found in reformulated financials statemen
Following is an explanation of what can be learned from each set of statements.
Consolidated vehicle sales units decreased 6,466 units in 2018 compared to the previous fiscal year, but the net sales valu
products increased 1,606,780 million yen over this time-period. This shows that even though their vehicle quantity sold decreas
total sales of all their products was increased enough to compensate for this loss in vehicle sales. There was a decrease in sales
revenue of 735,615 million yen from the 2016 to 2017 fiscal year, increased 936,275 million yen from the 2015 to 2016 fiscal ye
and 1,300,192 from fiscal year 2014 to 2015. As is explained in the Toyota Industries Report for fiscal year 2018, the decrease i
vehicle units sold is due to low sales in Japan. All the other nations unit vehicle sales increased in 2018, this resulted in an incre
total sales value because of the increased prices of units sold outside of Japan as well as the increase in sales of the company’s ot
products. These amounts are detailed in the income statement published by Toyota which is in Table 1 (Toyota Industries Corpo
2018).
The reformulated income statement, in Table 2 below, more clearly shows Toyota’s operating revenue as compared to the
financial operations revenues including the operating and financial operations expenses. Over the past five-year period, there we
