Research and development expenses of Toyota Motors

Toyota Motors Research and development expenses 2003-2021

Amounts are in billions of Yen.

YearR&D expenses (Billion Yen)
2021¥1090.4
2020¥1110.3
2019¥ 1048.8
2018¥1064.2 
2017¥1037.5 
2016¥1055.6 
2015¥1004.5 
2014¥910.5
2013¥807.4
2012¥779.8
2011¥730.3
2010¥725.3
2009¥904
2008¥958.8
2007¥890.7
2006¥812.6
2005¥755.1
2004¥682.2
2003¥668.4

2021: The research and development expenses of Toyota Motors remained ¥1090.4 billion in 2021 compared to ¥1110.3 billion in 2020.

2019: The research and development expenses of Toyota Motors declined to 1048.8 billion yen in 2019 ($9.45 billion approx.) from 1064.2 billion Yen in 2018.

2018: Research and development expenses of Toyota grew to 1064.2 Billion Yen in 2018 from 1037.5 Billion Yen in 2017.

About Toyota Motors:

Toyota Motors is a Japan based maunfacturer of vehicles with a global presence. It has its headquarters located at 1 Toyota-Cho, Toyota City, Aichi Prefecture 471-8571, Japan. The company was founded in August, 1937 and its president is Akio Toyoda. As of March, 2019, the company employed 370,870 people.  The company achieved net sales of 8.98 million vehicle units in fiscal 2019 compared to 8.96 million units last year. Net revenue of the company in fiscal 2019, grew to ¥30,225.6 Billion ($272 Billion approx.) in 2019 from 29,379.5 billion Yen in 2018.