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,