Toyota vs Honda - Other Financial Analysis

Only available on StudyMode
  • Download(s) : 308
  • Published : January 22, 2012
Open Document
Text Preview
4. Other financial and non-financial analysis
This section objective is to compare significant financial and non-financial information and identify risks reported in Toyota’s and Honda’s 2010 Annual Report, Notes to the Financial Statements, Company Official Websites, Bloomberg and Thompson Reuters; which are not reflected in our financial ratio analysis and might have a significant impact in our investment decision making process. Dividends Payments and Dividend Yield

Cash dividends per share| | |
| Year| 31/03/2008| 31/03/2009| 31/03/2010|
Company| | | |
Toyota| | ¥ 140.00 | ¥ 100.00 | ¥ 45.00 | Honda| | ¥ 86.00 | ¥ 63.00 | ¥ 38.00 |
| | | | |
| | | | |
Estimated dividend yield* %| | |
| Year| 31/03/2008| 31/03/2009| 31/03/2010|
Toyota| | 2.82%| 3.18%| 1.20%|
Honda| | 3.02%| 2.74%| 1.15%|
| | | | |
* A financial ratio that shows how much a company pays out in dividends each year relative to its share price. The dividend yield is the return on investment for a stock.|

Toyota has been paying higher dividends per share over the three financial years ended at March, 31st. In addition, the dividend yield calculation shows that Toyota has been providing a higher ROI for its shareholders stocks investment in 2009 and 2010. Contractual Obligations

Contractual Obligations* | | | | | |
| | | | | |
| Payments due by period (Yen - Million)| |
| Less than 1 year| 1 to 3 years| 3 to 5 years| 5 years and after| Total| Toyota| ¥ 5,544,923 | ¥4,271,809 | ¥1,477,862 | ¥ 1,345,294 | ¥12,639,888 | Honda| ¥ 2,086,970 | ¥1,680,539 | ¥ 781,779 | ¥ 135,967 | ¥ 4,685,255 | Ratio Toyota over Honda| 2.66 | 2.54 | 1.89 | 9.89 | 2.70 | | | | | | |

* Includes short and long term borrowings, capital and...
tracking img