Toyota's R&D expenditure 2007 to 2019
The graph shows Toyota’s R&D costs from FY 2007 to FY 2018. Toyota incurred R&D costs of about one trillion Japanese yen in FY 2019. Japan-based Toyota Motor Corporation ranks among the largest automobile manufacturers in the world.
Toyota’s research and development expenses
Not only is the Toyota Motor Corporation Japan’s largest automotive manufacturer, it is also ranked as the number one carmaker worldwide in terms of automobile production. Japan had the highest public debt in relation to GDP in 2017. The weak yen has clearly helped Toyota export more vehicles: The Aichi-based carmaker exported a staggering 159,760 passenger cars in March 2018 alone. However, the company was hit hard by the 2008/2009 worldwide financial crisis, and its research and development expenses hit rock bottom in the fiscal year of 2010, only to finally reach pre-crisis levels in the fiscal year of 2014. In 2018, Toyota was among the top 20 companies with the highest spending on research and development.
Toyota’s research and development expenses
Not only is the Toyota Motor Corporation Japan’s largest automotive manufacturer, it is also ranked as the number one carmaker worldwide in terms of automobile production. Japan had the highest public debt in relation to GDP in 2017. The weak yen has clearly helped Toyota export more vehicles: The Aichi-based carmaker exported a staggering 159,760 passenger cars in March 2018 alone. However, the company was hit hard by the 2008/2009 worldwide financial crisis, and its research and development expenses hit rock bottom in the fiscal year of 2010, only to finally reach pre-crisis levels in the fiscal year of 2014. In 2018, Toyota was among the top 20 companies with the highest spending on research and development.
