{"slug":"toyota","name":"Toyota Motor Corporation","name_en":"Toyota Motor Corporation","ticker":"7203.T","updated_at":"2026-07-12T05:39:57.278246+00:00","canonical":"https://valuechain.wiki/toyota","same_as":["https://finance.yahoo.com/quote/7203.T"],"citable":"밸류체인 그래프 기준 Toyota Motor Corporation의 직접 연결 기업은 6곳(관계 기준 공급 5·매출 1·투자 1)이고, 사슬을 2차까지 넓히면 58곳에 닿는다. 링크의 근거 출처는 9건이며 그중 1차공시가 1건이다 (valuechain.wiki, 2026-07-12 기준).","citable_en":"Per the valuechain.wiki graph, Toyota Motor Corporation is directly linked to 6 companies (5 supply, 1 revenue, 1 investment relationships) and reaches 58 companies within two hops; the links are backed by 9 dated sources, 1 of them primary filings (as of 2026-07-12).","kicker":"세계 최대 자동차·하이브리드 강자(자동차 수요·환율 시계)","kicker_en":"The world's largest automaker and hybrid leader (an auto-demand and FX clock)","lead":"도요타자동차는 판매대수 세계 1위 완성차 업체로 도요타·렉서스·다이하쓰·GR 브랜드와 도요타 파이낸셜 서비스의 자동차 금융을 함께 운영한다. 2026년 3월기 연결 매출은 50조6,849억엔으로 역대 최고(+5.5%)였으나 영업이익은 원자재 가격과 전동화 투자 부담으로 3조7,662억엔(-21.5%)으로 줄었다. 하이브리드 중심 전동화차가 처음으로 504만대를 넘겼다. AI 노출은 낮고 자율주행은 우븐과 엔비디아를 통한 미래 옵션에 가깝다.","lead_en":"Toyota is the world's largest automaker by unit sales, running the Toyota, Lexus, Daihatsu and GR brands alongside Toyota Financial Services' auto finance. For the year ended March 2026, consolidated revenue reached a record JPY 50.685 trillion (+5.5%), but operating profit fell to JPY 3.766 trillion (-21.5%) on higher material costs and electrification investment. Electrified vehicles, led by hybrids, topped 5 million units for the first time (5.04 million). 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FY2026 매출은 역대 최고였으나 영업이익이 -21.5%로 꺾인 것은 원자재 가격과 전동화 투자 부담 때문으로, 외형 성장과 마진이 분리되는 국면을 보여준다. 이익의 핵심 변수는 하이브리드 판매 믹스(504만대 돌파)·엔화 약세의 환산 효과·덴소·아이신 등 계열 부품망의 원가 세 가지다. AI·자율주행 노출은 낮아 우븐·엔비디아를 통한 장기 옵션에 가깝고, 그래프 파급은 배터리(LG엔솔·스미토모)·반도체(르네사스·덴소) 공급단으로 지출이 번지는 경로다.","analysis_en":"The world's largest automaker by units, its profit is driven jointly by a hybrid-led electrification mix and the yen. FY2026 revenue was a record, but operating profit fell -21.5% on higher material costs and electrification investment — a phase where top-line growth and margin decouple. The key profit variables are the hybrid sales mix (past 5.04 million units), the translation effect of a weak yen, and the cost of keiretsu suppliers like Denso and Aisin. AI/autonomy exposure is low, closer to a long-dated option via Woven and NVIDIA, and in graph terms spending ripples down to battery (LG Energy Solution, Sumitomo) and chip (Renesas, Denso) suppliers.","analysis_asof":"2026-07-10"},"edges":[{"direction":"revenue","counterparty":"자동차 소비자·딜러 (하이브리드·렉서스)","counterparty_slug":null,"confidence":"high","metric":{"type":"amount","unit":"JPY","as_of":"2026-03-31","basis":"자동차 부문 외부고객 매출(조엔), 2026.3기","value":45.202,"period":"FY2026","basis_en":"Automotive external-customer revenue (JPY tn), FYE Mar 2026"},"note":"완성차 판매가 매출의 대부분이다. 2026년 3월기 연결 판매 959.5만대, 자동차 부문 외부매출 45조2,019억엔이며 하이브리드 중심 전동화차가 504만대로 판매의 절반을 차지했다.","note_en":"Vehicle sales make up most of revenue. In FYE March 2026 consolidated sales were 9.595 million units and Automotive external revenue was JPY 45.202tn, with electrified vehicles led by hybrids at 5.04 million, about half of sales.","sources":[{"stance":"confirms","publisher":"도요타 FY2026 20-F","publisher_en":"Toyota Motor FY2026 Form 20-F","kind":"filing","lang":"en","published_at":"2026-06-10","url":"https://www.sec.gov/Archives/edgar/data/1094517/000119312526264811/d101983d20f.htm","title":"Toyota Motor Corporation Annual Report on Form 20-F (FYE March 2026)","title_en":"Toyota Motor Corporation Annual Report on Form 20-F (FYE March 2026)","excerpt":"20-F는 자동차 부문 외부고객 매출이 2026.3기 45조2,019억엔이고 도요타가 해당 회기에 연결 기준 959.5만대를 판매했다고 공시한다.","excerpt_en":"The 20-F reports Automotive external-customer revenue of JPY 45,201,924 million for FYE March 2026 and consolidated vehicle sales of 9,595 thousand units."},{"stance":"confirms","publisher":"스타뉴스","publisher_en":"StarNews Korea","kind":"news","lang":"ko","published_at":"2026-05-08","url":"https://www.starnewskorea.com/business-life/2026/05/08/2026050815552630008","title":"토요타 연결 결산 결과 발표, 사상 최대 매출 올렸지만... 영업익 -21.5%나 급감","title_en":"Toyota posts record revenue but operating profit falls 21.5%","excerpt":"한국어 보도. 2026.3기 매출 50조6,849억엔(역대 최고), 영업이익 3조7,662억엔(-21.5%)이며 하이브리드 포함 전동화차 504만대로 전체 판매의 약 절반을 차지했다고 전한다.","excerpt_en":"Korean-language report: FYE Mar 2026 revenue of JPY 50.685tn (record) and operating profit JPY 3.766tn (-21.5%), with electrified vehicles including hybrids at 5.04 million, about half of total sales."}]},{"direction":"cost","counterparty":"LG에너지솔루션","counterparty_slug":"lg-energy-solution","confidence":"high","metric":{"type":"capacity","unit":"GWh/yr","as_of":"2023-10-04","basis":"고니켈 NCMA 셀 장기공급","value":20,"period":"2025~2035","basis_en":"High-nickel NCMA long-term supply"},"note":"전기차 배터리 조달처. LG에너지솔루션 미시간 공장에서 북미 생산 EV용 배터리를 장기 공급받는다.","note_en":"EV battery procurement: long-term supply from LG Energy Solution (Michigan plant) for North America-built EVs.","sources":[{"stance":"confirms","publisher":"토요타 USA","publisher_en":"Toyota USA Newsroom","kind":"ir","lang":"en","published_at":"2023-10-04","url":"https://pressroom.toyota.com/lg-energy-solution-and-toyota-sign-long-term-battery-supply-agreement-to-power-electric-vehicles-in-the-u-s/","title":"LG에너지솔루션·토요타, 미국 전기차용 장기 배터리 공급계약","title_en":"LG Energy Solution and Toyota Sign Long-Term Battery Supply Agreement","excerpt":"annual capacity of 20GWh starting from 2025 ... high-nickel NCMA","excerpt_en":"annual capacity of 20GWh starting from 2025 ... high-nickel NCMA"}]},{"direction":"revenue","counterparty":"도요타 파이낸셜 서비스 (딜러·소비자 금융)","counterparty_slug":null,"confidence":"high","metric":{"type":"amount","unit":"JPY","as_of":"2026-03-31","basis":"금융서비스 부문 외부고객 매출(조엔)","value":4.819,"period":"FY2026","basis_en":"Financial Services external-customer revenue (JPY tn)"},"note":"도요타 파이낸셜 서비스가 차량 할부·리스 금융을 제공해 자동차 판매를 뒷받침한다. 2026.3기 금융서비스 부문 외부매출은 4조8,190억엔으로 8.4% 늘었다.","note_en":"Toyota Financial Services provides vehicle installment and lease financing that supports car sales. FYE March 2026 Financial Services external revenue was JPY 4.819tn, up 8.4%.","sources":[{"stance":"confirms","publisher":"도요타 FY2026 20-F","publisher_en":"Toyota Motor FY2026 Form 20-F","kind":"filing","lang":"en","published_at":"2026-06-10","url":"https://www.sec.gov/Archives/edgar/data/1094517/000119312526264811/d101983d20f.htm","title":"Toyota Motor Corporation Annual Report on Form 20-F (FYE March 2026)","title_en":"Toyota Motor Corporation Annual Report on Form 20-F (FYE March 2026)","excerpt":"20-F는 금융서비스 부문 외부고객 매출이 2026.3기 4조8,190억엔이며 금융서비스 매출이 8.4% 증가했다고 공시한다.","excerpt_en":"The 20-F reports Financial Services external-customer revenue of JPY 4,819,003 million for FYE March 2026, an 8.4% increase."}]},{"direction":"cost","counterparty":"부품·소재 계열사·벤더 (덴소·아이신·아이치제강 등, 강판·배터리 포함)","counterparty_slug":null,"confidence":"high","metric":null,"note":"완성차 원가의 핵심은 부품·소재로, 덴소·아이신·JTEKT·아이치제강·도요타보쇼쿠 등 계열 공급망과 강판·배터리 등 원자재를 조달한다. 원자재 가격 상승이 2026.3기 영업이익 감소의 주요 요인이었다.","note_en":"Parts and materials are the core of vehicle cost, sourced from keiretsu suppliers such as Denso, Aisin, JTEKT, Aichi Steel and Toyota Boshoku plus raw materials like steel and batteries. Rising raw-material prices were a key driver of the FYE March 2026 profit decline.","sources":[{"stance":"confirms","publisher":"도요타 FY2026 20-F","publisher_en":"Toyota Motor FY2026 Form 20-F","kind":"filing","lang":"en","published_at":"2026-06-10","url":"https://www.sec.gov/Archives/edgar/data/1094517/000119312526264811/d101983d20f.htm","title":"Toyota Motor Corporation Annual Report on Form 20-F (FYE March 2026)","title_en":"Toyota Motor Corporation Annual Report on Form 20-F (FYE March 2026)","excerpt":"20-F는 덴소·아이신·아이치제강·JTEKT·도요타보쇼쿠 등 계열 공급사를 열거하고, 원자재 가격 상승과 부품·소재 비용을 실적 변수로 명시한다.","excerpt_en":"The 20-F lists keiretsu suppliers including Denso, Aisin, Aichi Steel, JTEKT and Toyota Boshoku, and cites rising raw-material and parts costs as earnings factors."}]},{"direction":"cost","counterparty":"Renesas Electronics","counterparty_slug":"renesas","confidence":"high","metric":null,"note":"르네사스는 도요타 차량용 반도체 공급사다. 르네사스 R-Car V4H ADAS SoC가 도요타 신형 RAV4의 TSS(LSS) 제어유닛(덴소 공급)에 채택됐고, 렉서스 멀티미디어 등에도 르네사스 칩이 쓰인다.","note_en":"Renesas is an automotive-semiconductor supplier to Toyota. Its R-Car V4H ADAS SoC was selected for the TSS(LSS) control unit (supplied by Denso) in Toyota's new RAV4, and Renesas chips also feature in Lexus multimedia systems.","sources":[{"stance":"confirms","publisher":"르네사스 뉴스룸","publisher_en":"Renesas Newsroom","kind":"ir","lang":"en","published_at":"2026-02-24","url":"https://www.renesas.com/en/about/newsroom/renesas-r-car-v4h-adas-soc-selected-toyota-rav4-model","title":"Renesas R-Car V4H ADAS SoC Selected for Toyota RAV4 Model","title_en":"Renesas R-Car V4H ADAS SoC Selected for Toyota RAV4 Model","excerpt":"르네사스는 R-Car V4H가 도요타 신형 RAV4의 TSS(LSS) 제어유닛에 채택됐으며 해당 유닛은 덴소가 공급한다고 발표한다.","excerpt_en":"Renesas announces its R-Car V4H was selected for the TSS(LSS) control unit in Toyota's new RAV4, with the unit supplied by Denso."}]},{"direction":"cost","counterparty":"스미토모금속광산","counterparty_slug":"sumitomo-metal-mining","confidence":"high","metric":{"qualifier":"confirmed_no_disclosed_value"},"note":"전고체 배터리 양극재 공동개발·조달 파트너(2025.10 양산 협력).","note_en":"ASSB cathode-material co-development and sourcing partner (Oct 2025).","sources":[{"stance":"confirms","publisher":"Sumitomo Metal Mining","publisher_en":"Sumitomo Metal Mining","kind":"ir","lang":"en","published_at":"2025-10-08","url":"https://www.smm.co.jp/en/news/release/2025/10/002036.html","title":"스미토모금속광산·토요타, 전고체 배터리 양극재 양산 협력","title_en":"SMM and Toyota collaborate on mass production of ASSB cathode materials","excerpt":"SMM and Toyota collaborate on mass production of cathode materials for all-solid-state batteries.","excerpt_en":"SMM-Toyota collaboration on ASSB cathode mass production."}]},{"direction":"cost","counterparty":"덴소","counterparty_slug":"denso","confidence":"high","metric":{"qualifier":"confirmed_no_disclosed_value"},"note":"인버터·SiC 파워반도체 등 전동화 핵심 부품 조달처(계열 최대 협력사).","note_en":"Sources inverters and SiC power semis from Denso, its largest affiliated supplier.","sources":[{"stance":"confirms","publisher":"Denso","publisher_en":"Denso","kind":"ir","lang":"en","published_at":"2025-10-10","url":"https://www.denso.com/global/en/news/newsroom/2025/20251010-g02/","title":"덴소 전동화 제품, 토요타 신형 bZ4X 채택","title_en":"Denso's electrification products adopted for Toyota's new bZ4X","excerpt":"Denso electrification products for Toyota bZ4X.","excerpt_en":"Denso parts for Toyota bZ4X."}]},{"direction":"cost","counterparty":"NVIDIA","counterparty_slug":"nvidia","confidence":"mid","metric":null,"note":"도요타는 차세대 차량을 엔비디아 DRIVE AGX Orin과 안전인증 DriveOS 위에 구축한다고 CES 2025에서 발표했다. 자율주행·SDV용 컴퓨트 플랫폼 조달로, 아직 양산 초기 단계다.","note_en":"Toyota announced at CES 2025 that it will build its next-generation vehicles on NVIDIA DRIVE AGX Orin with the safety-certified DriveOS. This is procurement of an autonomous and SDV compute platform, still early in ramp.","sources":[{"stance":"confirms","publisher":"엔비디아 IR","publisher_en":"NVIDIA Investor Relations","kind":"ir","lang":"en","published_at":"2025-01-06","url":"https://investor.nvidia.com/news/press-release-details/2025/Toyota-Aurora-and-Continental-Join-Growing-List-of-NVIDIA-Partners-Rolling-Out-Next-Generation-Highly-Automated-and-Autonomous-Vehicle-Fleets/","title":"Toyota, Aurora and Continental Join Growing List of NVIDIA Partners for Next-Generation Automated Vehicles","title_en":"Toyota, Aurora and Continental Join Growing List of NVIDIA Partners for Next-Generation Automated Vehicles","excerpt":"엔비디아는 세계 최대 완성차 도요타가 차세대 차량을 NVIDIA DRIVE AGX Orin과 DriveOS 위에 구축할 것이며, 자사 자동차 매출을 2026 회계연도 약 50억 달러로 전망한다고 밝힌다.","excerpt_en":"NVIDIA states that Toyota, the world's largest automaker, will build its next-generation vehicles on NVIDIA DRIVE AGX Orin and DriveOS, and projects its automotive revenue at about $5 billion in fiscal 2026."}]},{"direction":"cost","counterparty":"인건비·임직원 (비공개)","counterparty_slug":null,"confidence":"mid","metric":null,"note":"글로벌 제조·판매 인력의 인건비가 주요 비용 항목이다. 개별 규모는 판매관리비·제조원가에 포함돼 공시된다.","note_en":"Personnel costs for its global manufacturing and sales workforce are a major cost item, disclosed within cost of sales and SG&A.","sources":[{"stance":"mentions","publisher":"도요타 FY2026 20-F","publisher_en":"Toyota Motor FY2026 Form 20-F","kind":"filing","lang":"en","published_at":"2026-06-10","url":"https://www.sec.gov/Archives/edgar/data/1094517/000119312526264811/d101983d20f.htm","title":"Toyota Motor Corporation Annual Report on Form 20-F (FYE March 2026)","title_en":"Toyota Motor Corporation Annual Report on Form 20-F (FYE March 2026)","excerpt":"20-F는 제조원가와 판매관리비에 포함된 인건비 등 운영비용 구조를 공시한다.","excerpt_en":"The 20-F discloses the operating-cost structure including personnel costs within cost of sales and SG&A."}]},{"direction":"investment","counterparty":"마쓰다 (자본 제휴)","counterparty_slug":"mazda-motor","confidence":"mid","metric":{"qualifier":"confirmed_no_disclosed_value"},"note":"마쓰다 지분 보유(상호 출자·기술 제휴, 미국 MTM 공동공장).","note_en":"Holds a stake in Mazda (cross-shareholding, tech alliance, joint US MTM plant).","sources":[{"stance":"mentions","publisher":"Nikkei Asia","publisher_en":"Nikkei Asia","kind":"news","lang":"en","published_at":"2025-05-01","url":"https://asia.nikkei.com/business/tech/semiconductors/toyota-supplier-denso-to-invest-3.3bn-in-chip-business","title":"토요타 협력사 덴소, 반도체에 $33억 투자","title_en":"Toyota supplier Denso to invest $3.3bn in chip business","excerpt":"토요타-마쓰다 상호 출자 제휴.","excerpt_en":"Toyota-Mazda cross-shareholding alliance."}]},{"direction":"revenue","counterparty":"마쓰다","counterparty_slug":"mazda-motor","confidence":"mid","metric":{"qualifier":"confirmed_no_disclosed_value"},"note":"마쓰다에 하이브리드(THS) 시스템 공급·미국 MTM 합작공장 공동 운영.","note_en":"Supplies Toyota Hybrid System to Mazda; co-operates the MTM joint plant in the U.S.","sources":[{"stance":"confirms","publisher":"Toyota (press release)","publisher_en":"Toyota (press release)","kind":"news","lang":"en","published_at":"2017-08-04","url":"https://global.toyota/en/detail/18012215","title":"토요타·마쓰다 자본·업무 제휴(2017)","title_en":"Toyota and Mazda Enter Business and Capital Alliance (2017)","excerpt":"2017년 자본·업무 제휴로 토요타가 마쓰다 지분 5.05%(¥500억) 취득, 앨라배마 헌츠빌 50:50 JV(MTM) 설립 — 마쓰다 CX-50·토요타 코롤라 크로스 공동생산, 토요타 하이브리드 기술 협력.","excerpt_en":"2017 business/capital alliance: Toyota took a 5.05% stake in Mazda (¥50bn), the 50:50 MTM JV in Huntsville, Alabama co-produces the Mazda CX-50 and Toyota Corolla Cross, with hybrid-tech cooperation."}]}]}