FINANCIAL SUMMARY FY2023

FINANCIAL SUMMARY

FY2023

(April 1, 2022 through March 31, 2023)

English translation from the original Japanese-language document

TOYOTA MOTOR CORPORATION

FY2023 Consolidated Financial Result

Company name : Toyota Motor Corporatio

Stock exchan

es on which the shares are liste

: Tok

o and Na

a Stock Exchan

es in Japan

Code number : 7203

URL

Representative

: https://global.toyota/jp/

: Akio To

oda, Chairman of the Board of Directors

Contact person : Hideaki Hayashi, General Manager, Accounting Division

Tel. (0565)28-2121

Date of the ordinar

eneral shareholders' meetin

: June 14, 2023

Payment date of cash dividends : May 26, 2023

Filing date of financial statements : June 22, 2023

Supplemental materials prepared for financial results :

Earnings announcement for financial results : yes

(1) Consolidated financial results (% of change from previous year)

Sales revenues Operating income

Income before

income taxes

Net income

attributable to

Toyota Motor

Corporation

Comprehensive

income

Million yen % Million yen % Million yen % Million yen % Million yen % Million yen %

FY2023 37,154,298 18.4 2,725,025 -9.0 3,668,733 -8.1 2,492,967 -13.3 2,451,318 -14.0 3,320,681 -17.3

FY2022 31,379,507 15.3 2,995,697 36.3 3,990,532 36.1 2,874,614 25.9 2,850,110 26.9 4,017,742 21.9

Earnings per share

attributable to Toyota

Motor Corporation

– Basic

Earnings per share

attributable to Toyota

Motor Corporation

– Diluted

Ratio of net income

attributable to Toyota

Motor Corporation to

Toyota Motor Corporation

shareholders' equit

Ratio of income before

income taxes and

equity in earnings of

affiliated companies

to total assets

Ratio of operating income

to sales revenues

Yen Yen % % %

FY2023 179.47

－

9.0 5.2 7.3

FY2022 205.23 205.23 11.5 6.1 9.5

(Reference) Share of profit (loss) of investments accounted for using the equity metho

FY2023 643,063 million yen, FY2022 560,346 million yen

(Note

)

On October 1, 2021, Toyota Motor Corporation ("TMC") effected a five-for-one stock split of its common stock to shareholders of record as

of September 30, 2021. "Earnings per share attributable to Toyota Motor Corporation (Basic)" and "Earnings per share attributable to

Toyota Motor Corporation (Diluted)" are calculated based on the assumption that the stock split was implemented at the beginning of the

previous fiscal year.

"Earnings per share attributable to Toyota Motor Corporation (Diluted)" is not disclosed for FY2023, because there were no potential

shares during that period as the acquisition of all outstanding First Series Model AA Class Shares took place on April 2, 2021, and the

cancellation of all First Series Model AA Class Shares was completed on April 3, 2021.

Total assets

Total shareholders'

equity

Toyota Motor

Corporation

shareholders' equity

Ratio o

Toyota Motor

Corporation

shareholders' equity

Toyota Moto

Corporation

shareholders' equity

per share

Million yen Million yen Million yen % Yen

FY2023 74,303,180 29,264,213 28,338,706 38.1 2,089.08

FY2022 67,688,771 27,154,820 26,245,969 38.8 1,904.88

(Note)

On October 1, 2021, TMC effected a five-for-one stock split of its common stock to shareholders of record as of September 30, 2021.

"Toyota Motor Corporation shareholders' equity per share" is calculated based on the assumption that the stock split was implemented at

the be

innin

of the

revious fiscal

ear

From operating activities From investing activities From financing activities

Cash and cash equivalents

at end of year

Million yen Million yen Million yen Million yen

FY2023 2,955,076 (1,598,890) (56,180) 7,516,966

FY2022 3,722,61

(577,496

)

(2,466,516

)

6,113,65

Annual cash dividends per common share

Total amount of

cash dividends

(annual)

Dividends payout

ratio

(consolidated)

Ratio of total amount

of dividends to Toyota

Motor Corporation

shareholders' equity

(consolidated)

End of

first

quarter

End of

second

quarter

End of

third

quarter

Year-end Total

Yen Yen Yen Yen Yen Million yen % %

FY2022

－

120.00

－

28.00

－

718,211 25.3 2.9

FY2023

－

25.00

－

35.00 60.00 816,96

33.4 3.0

FY2024

(forecast)

－－－－－－

(Note)

On October 1, 2021, TMC effected a five-for-one stock split of its common stock to shareholders of record as of September 30, 2021. The

dividend for the second quarter of the fiscal year 2022 presents the amount prior to the stock split. Annual cash dividends per common

share for the fiscal year ended March 31, 2022 is not stated because the amounts cannot be simply combined due to the implementation

of the stock split. Annual cash dividends per common share is ¥260 when calculated based on the assumption of no stock split, and ¥52

when calculated with the stock s

lit taken into account

(Consolidated financial information has been prepared in accordance with International Financial Reporting Standards)

English translation from the original Japanese-language document

May 10, 2023

(Amounts are rounded to the nearest million yen)

1. Consolidated Results for FY2023 (April 1,2022 through March 31, 2023)

(2) Consolidated financial position

(3) Consolidated cash flows

2. Cash Dividends

(% of change from FY2023)

Sales revenues Operating income

Income before income

taxes

Net income

attributable to

Toyota Motor

Corporation

Earnings per share

attributable to Toyota

Motor Corporation

– Basic

Million yen % Million yen % Million yen % Million yen % Yen

Full-year 38,000,000 2.3 3,000,000 10.1 3,690,000 0.6 2,580,000 5.2 190.19

(1) Changes in significant subsidiaries during FY2023

(Changes in specified subsidiaries that caused a change in the scope of consolidation): none

(2) Changes in accounting policies and changes in accounting estimates

(i) Changes in accounting policies required by IFRS: none

(ii) Changes other than (2)-(i) above: none

(iii) Changes in accounting estimates: none

(3) Number of shares issued and outstanding (common stock)

(i)

Number of shares issued and outstanding at the end of each fiscal year (including treasury stock) : FY2023 16,314,987,460 shares,

FY2022 16,314,987,460 shares

(ii)

Number of treasury stock at the end of each fiscal year: FY2023 2,749,807,731 shares,

FY2022 2,536,685,916 shares

(iii)

Average number of shares issued and outstanding in each fiscal year: FY2023 13,658,381,747 shares,

FY2022 13,887,347,864 shares

(Note)

On October 1, 2021, TMC effected a five-for-one stock split of its common stock to shareholders of record as of September 30, 2021.

"Number of shares issued and outstanding (common stock)" is calculated based on the assumption that the stock split was

implemented at the beginning of the previous fiscal year.

FY2023 Unconsolidated Financial Results

(1) Unconsolidated financial results (% of change from previous year)

Net revenues Operating income Ordinary income Net income

Million yen % Million yen % Million yen % Million yen %

FY2023 14,076,956 11.7 1,670,484 47.9 3,520,848 62.1 2,936,379 73.3

FY2022 12,607,858 7.2 1,129,689 61.5 2,171,530 15.1 1,693,947 3.4

Net income per

common share

- Basic

Net income per

common share

- Diluted

Yen Yen

FY2023 214.99

－

FY2022 121.98 121.97

(Note)

On October 1, 2021, TMC effected a five-for-one stock split of its common stock to shareholders of record as of September 30, 2021. "Net

income per common share (Basic)" and "Net income per common share (Diluted)" are calculated based on the assumption that the stock

split was implemented at the beginning of the previous fiscal year.

"Net income per common share (Diluted)" is not disclosed for FY2023, because there were no potential shares during that period as the

acquisition of all outstanding First Series Model AA Class Shares took place on April 2, 2021, and the cancellation of all First Series Model

AA Class Shares was com

leted on A

ril 3, 2021

Total assets Net assets Equity ratio Net assets per common share

Million yen Million yen % Yen

FY2023 23,230,320 16,493,041 71.0 1,215.84

FY2022 20,991,040 14,607,272 69.6 1,060.16

(Reference)Equity at the end of FY2023: 16,493,041 million yen, Equity at the end of FY2022: 14,607,272 million yen

(Note

)

On October 1, 2021, TMC effected a five-for-one stock split of its common stock to shareholders of record as of September 30, 2021. "Net

assets per common share" is calculated based on the assumption that the stock split was implemented at the beginning of the previous

fiscal year.

3. Forecast of Consolidated Results for FY2024 (April 1, 2023 through March 31, 2024)

Notes

(Reference)Overview of the Unconsolidated Financial Results

(Unconsolidated financial information has been prepared in accordance with Japanese generally accepted accounting principles)

English translation from the original Japanese-language document

1. Unconsolidated Results for FY2023 (April 1, 2022 through March 31, 2023)

(2) Unconsolidated financial position

These consolidated financial results are not subject to certified public accountant's or audit firm's audit.

Cautionary Statement with Respect to Forward-Looking Statements, and Other Information

This report contains forward-looking statements that reflect Toyota's plans and expectations. These forward-looking statements are not

guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause Toyota's actual results,

performance, achievements or financial position to be materially different from any future results, performance, achievements or financial position

expressed or implied by these forward-looking statements. With regard to Toyota's decisions and assumptions for the forecast, please refer to "

Financial Results and Position 3. Forecast of Consolidated Financial Results for FY2024" on page 5 of the materials accompanying this report.

These factors include, but are not limited to: (i) changes in economic conditions, market demand, and the competitive environment affecting the

automotive markets in Japan, North America, Europe, Asia and other markets in which Toyota operates; (ii) fluctuations in currency exchange

rates, particularly with respect to the value of the Japanese yen, the U.S. dollar, the euro, the Australian dollar, the Canadian dollar and the British

pound, fluctuations in stock prices, and interest rates fluctuations; (iii) changes in funding environment in financial markets and increased

competition in the financial services industry; (iv) Toyota's ability to market and distribute effectively; (v) Toyota's ability to realize production

efficiencies and to implement capital expenditures at the levels and times planned by management; (vi) changes in the laws, regulations and

government policies in the markets in which Toyota operates that affect Toyota's automotive operations, particularly laws, regulations and

government policies relating to vehicle safety including remedial measures such as recalls, trade, environmental protection, vehicle emissions and

vehicle fuel economy, as well as changes in laws, regulations and government policies that affect Toyota's other operations, including the

outcome of current and future litigation and other legal proceedings, government proceedings and investigations; (vii) political and economic

instability in the markets in which Toyota operates; (viii) Toyota's ability to timely develop and achieve market acceptance of new products that

meet customer demand; (ix) any damage to Toyota's brand image; (x) Toyota's reliance on various suppliers for the provision of supplies; (xi)

increases in prices of raw materials; (xii) Toyota's reliance on various digital and information technologies, as well as information security; (xiii)

fuel shortages or interruptions in electricity, transportation systems, labor strikes, work stoppages or other interruptions to, or difficulties in, the

employment of labor in the major markets where Toyota purchases materials, components and supplies for the production of its products or

where its products are produced, distributed or sold; (xiv) the impact of natural calamities, epidemics, political and economic instability, fuel

shortages or interruptions in social infrastructure, wars, terrorism and labor strikes, including their negative effect on Toyota's vehicle production

and sales; and (xv) the impact of climate change and the transition towards a low-carbon economy.

A discussion of these and other factors which may affect Toyota's actual results, performance, achievements or financial position is contained

in Toyota's annual report on Form 20-F, which is on file with the United States Securities and Exchange Commission.

TMC has decided to end vehicle production at Toyota's Saint Petersburg plant in Russia, and the financial effect of 99,569 million yen has

been recorded as costs and expenses in the consolidated financial results for the FY2023.

In order to convey top management's aspirations and the company's direction to all those whose lives are touched by Toyota, Toyota communicates

what Toyota is really like through "Toyota Times."

"Toyota Times" (https://toyotatimes.jp/en/)

TOYOTA MOTOR CORPORATION FY2023 Financial Summary

Financial Results and Position .............................................................................................................. 2

1. Consolidated Financial Results for FY2023 .............................................................................................................. 2

2. Consolidated Financial Position for FY2023 ............................................................................................................. 4

3. Forecast of Consolidated Financial Results for FY2024 ........................................................................................... 5

Basic Concept Regarding the Selection of Accounting Standards ........................................................................... 6

Unaudited Consolidated Financial Statements ......................................................................................................... 7

1. Unaudited Consolidated Statement of Financial Position ......................................................................................... 7

2. Unaudited Consolidated Statement of Income and

Unaudited Consolidated Statement of Comprehensive Income ............................................................................. 9

3. Unaudited Consolidated Statement of Changes in Equity ...................................................................................... 11

4. Unaudited Consolidated Statement of Cash Flows ............................................................................................... 12

5. Going Concern Assumption ..................................................................................................................................... 13

6. Segment Information ................................................................................................................................................. 14

7. Earnings Per Share ................................................................................................................................................... 21

8. Significant Subsequent Events ............................................................................................................................... 23

Supplemental Material for Financial Results for FY 2023

TABLE OF CONTENTS

TOYOTA MOTOR CORPORATION FY2023 Financial Summary

Financial Results and Position

1. Consolidated Financial Results for FY202

Financial Results

Toyota group has continued to work on the "making ever-better cars" initiative to exceed the

expectations of our customers. In order to promote product-based management, we have implemented the

Toyota New Global Architecture (TNGA) platform, which realizes high performance in the basic car parts

related to driving, turning, and braking, the "company system," which enables us to think with passion an

responsibility for any type of car, and the "regional system," which responds to the market characteristics an

customer needs in each region. There resulted in a balanced business structure offering a full lineup globally.

Through these efforts, we have been able to speedily develop and deploy vehicles launched in the fiscal yea

under review by utilizing the TNGA platform. In addition, we are leveraging the long-selling brand power of the

"Crown" and "GR Corolla" to build a lineup that meets the needs of the times.

Under these conditions, consolidated vehicle unit sales in Japan and overseas increased by 591 thousan

units, or 7.2%, to 8,822 thousand units in FY2023 compared with FY2022. Vehicle unit sales in Japan increase

y 145 thousand units, or 7.5%, to 2,069 thousand units in FY2023 compared with FY2022. Overseas vehicle

unit sales increased by 446 thousand units, or 7.1%, to 6,753 thousand units in FY2023 compared with FY2022.

The results of operations for FY2023 were as follows:

Sales revenues 37,154.2 billion yen

(an increase of 5,774.7 billion yen

or 18.4% compared with FY2022)

Operating income 2,725.0 billion yen

(a decrease of 270.6 billion yen

or 9.0% compared with FY2022)

Income before income taxes 3,668.7 billion yen

(a decrease of 321.7 billion yen

or 8.1% compared with FY2022)

Net income attributable to

Toyota Motor Corporation

2,451.3 billion yen

(a decrease of 398.7 billion yen

or 14.0% compared with FY2022)

The changes in operating income were as follows:

Marketing efforts an increase of 680.0 billion yen

Effects of changes in exchange rates an increase of 1,280.0 billion yen

Cost reduction efforts a decrease of 1,290.0 billion yen

Increase or decrease in expenses

and expense reduction efforts

a decrease of 525.0 billion yen

Othe

a decrease of 415.6 billion yen

TOYOTA MOTOR CORPORATION FY2023 Financial Summary

Segment Operating Results

(1) Automotive:

Sales revenues for the automotive operations increased by 5,214.2 billion yen, or 18.2%, to

33,820.0 billion yen in FY2023 compared with FY2022. However, operating income decreased b

103.6 billion yen, or 4.5% , to 2,180.6 billion yen in FY2023 compared with FY2022. The decrease i

operating income was mainly due to the unfavorable impact of soaring materials prices.

(2) Financial services:

Sales revenues for the financial services operations increased by 485.6 billion yen, or 20.9%, to

2,809.6 billion yen in FY2023 compared with FY2022. However, operating income decreased b

219.4 billion yen, or 33.4% , to 437.5 billion yen in FY2023 compared with FY2022. The decrease i

operating income was mainly due to the recording of valuation losses on interest rate swaps stated at fai

value in sales finance subsidiaries in the United States.

(3) All other:

Sales revenues for all other businesses increased by 95.0 billion yen, or 8.4%, to 1,224.9 billion ye

in FY2023 compared with FY2022, and operating income increased by 61.1 billion yen, or 144.6% , to

103.4 billion yen in FY2023 compared with FY2022.

Geographic Information

(1) Japan:

Sales revenues in Japan increased by 1,591.7 billion yen, or 10.0% , to 17,583.1 billion yen i

FY2023 compared with FY2022, and operating income increased by 478.0 billion yen, or 33.6% , to

1,901.4 billion yen in FY2023 compared with FY2022. The increase in operating income was mainly due to

the effects of changes in exchange rates.

(2) North America:

Sales revenues in North America increased by 2,677.4 billion yen, or 24.0%, to 13,843.9 billion ye

in FY2023 compared with FY2022. However, operating income decreased by 640.5 billion yen to a

operating loss of 74.7 billion yen in FY2023 compared with FY2022. The decrease in operating income was

mainly due to the unfavorable impact of soaring materials prices, as well as the recording of valuation losses

on interest rate swaps stated at fair value in sales finance subsidiaries in the United States.

(3) Europe:

Sales revenues in Europe increased by 405.8 billion yen, or 10.5% , to 4,273.7 billion yen i

FY2023 compared with FY2022. However, operating income decreased by 105.5 billion yen, or 64.7%, to

57.4 billion yen in FY2023 compared with FY2022. The decrease in operating income was mainly due to the

effect of recording a loss from terminating vehicle production in Russia. The total loss from terminatin

vehicle production in Russia was 99.5 billion yen, 89.8 billion yen of which was related to Europe.

(4) Asia:

Sales revenues in Asia increased by 1,514.3 billion yen, or 23.2% , to 8,044.9 billion yen i

FY2023 compared with FY2022, and operating income increased by 42.1 billion yen, or 6.3%, to

714.4 billion yen in FY2023 compared with FY2022. The increase in operating income was mainly due to

the effects of changes in exchange rates, as well as increases in both production volume and vehicle uni

sales.

(5) Other (Central and South America, Oceania, Africa and the Middle East):

Sales revenues in other regions increased by 544.0 billion yen, or 18.6%, to 3,472.1 billion yen i

FY2023 compared with FY2022. However, operating income decreased by 6.8 billion yen, or 2.9%, to

231.3 billion yen in FY2023 compared with FY2022. The decrease in operating income was mainly due to

the unfavorable impact of soaring materials prices.

TOYOTA MOTOR CORPORATION FY2023 Financial Summary

2. Consolidated Financial Position for FY202

Cash and cash equivalents increased by 1,403.3 billion yen, or 23.0%, to 7,516.9 billion yen at the en

of FY2023 compared with the end of FY2022.

The increases or decreases for each cash flow activity compared with the previous fiscal year are as

follows:

Cash flows from operating activities

Net cash flows from operating activities resulted in an increase in cash by 2,955.0 billion yen i

FY2023. Net cash provided by operating activities decreased by 767.5 billion yen from 3,722.6 billion yen i

FY2022.

Cash flows from investing activities

Net cash flows from investing activities resulted in a decrease in cash by 1,598.8 billion yen in FY2023.

Net cash used in investing activities decreased by 1,021.3 billion yen from 577.4 billion yen in FY2022.

Cash flows from financing activities

Net cash flows from financing activities resulted in a decrease in cash by 56.1 billion yen in FY2023.

Net cash used in financing activities increased by 2,410.3 billion yen from 2,466.5 billion yen in FY2022.

The consolidated cash flows by segment for FY2023 are as follows:

Non-financial services

Net cash provided by operating activities was 3,682.2 billion yen, net cash used in investing activities

was 1,196.8 billion yen and net cash used in financing activities was 1,238.1 billion yen.

Financial services

Net cash used in operating activities was 735.6 billion yen, net cash used in investing activities was

403.8 billion yen and net cash provided by financing activities was 1,192.3 billion yen.

TOYOTA MOTOR CORPORATION FY2023 Financial Summary

Forecast of Consolidated Financial Results for FY2024

Toyota, with its full lineup and profitable HEVs and PHEVs, along with its diverse options of BEVs

that it will be strengthening, will make sure to meet a wide range of global demand and is committed to furthe

growth. For growth in emerging markets, profitable HEVs will be used as a source of income, and with a value

chain of approximately 10 million units sold, we will also take part in a wide range of business opportunities. I

addition, we will achieve cost reductions and Kaizen by leveraging the strengths of the Toyota Productio

System (TPS), and thereby enhance our future investment capacity for the expansion of growth in BEVs an

mobility areas, and establish a strong business foundation whereby carbon neutrality and growth can both be

achieved.

Under these circumstances, the current forecast of consolidated financial results for the fiscal yea

ending March 31, 2024 is set forth below. This forecast assumes average exchange rates through the fiscal yea

of 125 yen per US$1 and 135 yen per 1 euro.

Forecast of consolidated results for FY2024

Sales revenues 38,000.0 billion ye

(an increase of 2.3% compared with FY2023)

Operating income 3,000.0 billion ye

(an increase of 10.1% compared with FY2023)

Income before income taxes 3,690.0 billion ye

(an increase of 0.6% compared with FY2023)

Net income attributable to

Toyota Motor Corporation

2,580.0 billion ye

(an increase of 5.3% compared with FY2023)

These forward-looking statements are not guarantees of future performance and involve known an

unknown risks, uncertainties and other factors that may cause Toyota's actual results, performance,

achievements or financial position to be materially different from any future results, performance, achievements

or financial position expressed or implied by these forward-looking statements. These factors include, but are

not limited to:(i) changes in economic conditions, market demand, and the competitive environment affectin

the automotive markets in Japan, North America, Europe, Asia and other markets in which Toyota operates; (ii)

fluctuations in currency exchange rates, particularly with respect to the value of the Japanese yen, the U.S.

dollar, the euro, the Australian dollar, the Canadian dollar and the British pound, fluctuations in stock prices,

and interest rates fluctuations; (iii) changes in funding environment in financial markets and increase

competition in the financial services industry; (iv) Toyota's ability to market and distribute effectively; (v)

Toyota's ability to realize production efficiencies and to implement capital expenditures at the levels and times

planned by management; (vi) changes in the laws, regulations and government policies in the markets in whic

Toyota operates that affect Toyota's automotive operations, particularly laws, regulations and governmen

policies relating to vehicle safety including remedial measures such as recalls, trade, environmental protection,

vehicle emissions and vehicle fuel economy, as well as changes in laws, regulations and government policies

that affect Toyota's other operations, including the outcome of current and future litigation and other lega

proceedings, government proceedings and investigations; (vii) political and economic instability in the markets

in which Toyota operates; (viii) Toyota's ability to timely develop and achieve market acceptance of ne

products that meet customer demand; (ix) any damage to Toyota's brand image; (x) Toyota's reliance on various

suppliers for the provision of supplies; (xi) increases in prices of raw materials; (xii) Toyota's reliance o

various digital and information technologies, as well as information security; (xiii) fuel shortages o

interruptions in electricity, transportation systems, labor strikes, work stoppages or other interruptions to, o

difficulties in, the employment of labor in the major markets where Toyota purchases materials, components

and supplies for the production of its products or where its products are produced, distributed or sold; (xiv) the

impact of natural calamities, epidemics, political and economic instability, fuel shortages or interruptions i

social infrastructure, wars, terrorism and labor strikes, including their negative effect on Toyota's vehicle

production and sales; and (xv) the impact of climate change and the transition towards a low-carbon economy.

A discussion of these and other factors which may affect Toyota's actual results, performance,

achievements or financial position is contained in Toyota's annual report on Form 20-F, which is on file with the

United States Securities and Exchange Commission.

TOYOTA MOTOR CORPORATION FY2023 Financial Summary

Basic Concept Regarding the Selection of Accounting Standards

Toyota has adopted IFRS for its consolidated financial statements in order to improve the international

comparability of its financial information in the capital markets, among other reasons, beginning with the first

quarter of the fiscal year ended March 31, 2021.

TOYOTA MOTOR CORPORATION FY2023 Financial Summary

Unaudited Consolidated Financial Statements

1. Unaudited Consolidated Statement of Financial Positio

Yen in millions

March 31, 2022 March 31, 2023

Assets

Current assets

Cash and cash equivalents 6,113,655 7,516,966

Trade accounts and other receivables 3,142,832 3,586,130

Receivables related to financial services 7,181,327 8,279,806

Other financial assets 2,507,248 1,715,675

Inventories 3,821,356 4,255,614

Income tax receivable 163,925 218,704

Other current assets

791,947 886,885

Total current assets 23,722,290 26,459,781

Non-current assets

Investments accounted for using the equity method 4,837,895 5,227,345

Receivables related to financial services 14,583,130 16,491,045

Other financial assets 9,517,267 10,556,431

Property, plant and equipment

Land 1,361,791 1,426,370

Buildings 5,284,620 5,464,811

Machinery and equipment 13,982,362 14,796,619

Vehicles and equipment on operating leases 6,781,229 6,774,427

Construction in progress

565,528 846,866

Total property, plant and equipment, at cost 27,975,530 29,309,093

Less - Accumulated depreciation and impairment losses (15,648,890) (16,675,119)

Total property, plant and equipment, net 12,326,640 12,633,974

Right of use assets

448,412 491,368

Intangible assets 1,191,966 1,249,122

Deferred tax assets 342,202 387,427

Other non-current assets

718,968 806,687

Total non-current assets 43,966,482 47,843,399

Total assets

67,688,771 74,303,180

TOYOTA MOTOR CORPORATION FY2023 Financial Summary

Yen in millions

March 31, 2022 March 31, 2023

Liabilities

Current liabilities

Trade accounts and other payables 4,292,092 4,986,309

Short-term and current portion of long-term debt 11,187,839 12,305,639

Accrued expenses 1,520,446 1,552,345

Other financial liabilities 1,046,050 1,392,397

Income taxes payable 826,815 404,606

Liabilities for quality assurance 1,555,711 1,686,357

Other current liabilities

1,413,208 1,632,063

Total current liabilities 21,842,161 23,959,715

Non-current liabilities

Long-term debt 15,308,519 17,074,634

Other financial liabilities 461,583 533,710

Retirement benefit liabilities 1,022,749 1,065,508

Deferred tax liabilities 1,354,794 1,802,346

Other non-current liabilities

544,145 603,052

Total non-current liabilities 18,691,790 21,079,251

Total liabilities 40,533,951 45,038,967

Shareholders' equity

Common stock 397,050 397,050

Additional paid-in capital 498,575 498,728

Retained earnings 26,453,126 28,343,296

Other components of equity 2,203,254 2,836,195

Treasury stock

(3,306,037) (3,736,562)

Total Toyota Motor Corporation shareholders' equity 26,245,969 28,338,706

Non-controlling interests 908,851 925,507

Total shareholders' equity 27,154,820 29,264,213

Total liabilities and shareholders' equity

67,688,771 74,303,180

TOYOTA MOTOR CORPORATION FY2023 Financial Summary

2. Unaudited Consolidated Statement of Income and

Unaudited Consolidated Statement of Comprehensive Incom

Unaudited Consolidated Statement of Incom

Yen in millions

For the year ended

March 31, 2022

For the year ended

March 31, 2023

Sales revenues

Sales of products 29,073,428 34,367,619

Financial services

2,306,079 2,786,679

Total sales revenues 31,379,507 37,154,298

Costs and expenses

Cost of products sold 24,250,784 29,128,561

Cost of financial services 1,157,050 1,712,721

Selling, general and administrative

2,975,977 3,587,990

Total costs and expenses 28,383,811 34,429,273

Operating income 2,995,697 2,725,025

Share of profit (loss) of investments accounted for

using the equity method

560,346 643,063

Other finance income 334,760 379,350

Other finance costs (43,997) (125,113)

Foreign exchange gain (loss), net 216,187 124,516

Other income (loss), net

(72,461) (78,109)

Income before income taxes 3,990,532 3,668,733

Income tax expense 1,115,918 1,175,765

et incom

2,874,614 2,492,967

et income attributable to

Toyota Motor Corporation 2,850,110 2,451,318

Non-controlling interests

24,504 41,650

Net income

2,874,614 2,492,967

Yen

Earnings per share attributable to Toyota Motor Corporation

Basic

205.23 179.47

Diluted 205.23

－

TOYOTA MOTOR CORPORATION FY2023 Financial Summary

Unaudited Consolidated Statement of Comprehensive Incom

Yen in millions

For the year ended

March 31, 2022

For the year ended

March 31, 2023

et incom

2,874,614 2,492,967

Other comprehensive income, net of tax

Items that will not be reclassified to profit (loss)

Net changes in revaluation of financial assets measured at fair value

through other comprehensive income

(49,242) 99,223

Remeasurements of defined benefit plans 136,250 65,153

Share of other comprehensive income of equity method investees

113,641 (77,148)

Total of items that will not be reclassified to profit (loss) 200,648 87,228

Items that may be reclassified subsequently to profit (loss)

Exchange differences on translating foreign operations 902,844 676,042

Net changes in revaluation of financial assets measured at fair value

through other comprehensive income

(154,174) (115,738)

Share of other comprehensive income of equity method investees

193,811 180,181

Total of items that may be reclassified subsequently to profit (loss) 942,480 740,485

Total other comprehensive income, net of tax 1,143,129 827,713

Comprehensive income 4,017,742 3,320,681

Comprehensive income for the period attributable to

Toyota Motor Corporation 3,954,350 3,251,090

Non-controlling interests

63,392 69,591

Comprehensive income

4,017,742 3,320,681

TOYOTA MOTOR CORPORATION FY2023 Financial Summary

3. Unaudited Consolidated Statement of Changes in Equit

Yen in millions

Common

stock

Additional

paid-in

capital

Retained

earnings

Other

components

of equity

Treasury

stock

Toyota Motor

Corporation

shareholders'

equity

Non-

controlling

interests

Total

shareholders'

equity

Balances at April 1, 2021 397,050 497,275 24,104,176 1,307,726 (2,901,680) 23,404,547 883,782 24,288,329

Comprehensive income

Net income

－－

2,850,110

－－

2,850,110 24,504 2,874,614

Other comprehensive

income, net of tax

－－－

1,104,240

－

1,104,240 38,889 1,143,129

Total comprehensive

incom

－－

2,850,110 1,104,240

－

3,954,350 63,392 4,017,742

Transactions with owner

and othe

Dividends paid

－－

(709,872)

－－

(709,872) (51,723) (761,595)

Repurchase of treasury

stoc

－－－－

(404,718) (404,718)

－

(404,718)

Reissuance of treasury

stoc

－

227

－－

362 588

－

588

Equity transaction

and othe

－

1,074

－－－

1,074 13,400 14,473

Total transactions with

owners and othe

－

1,300 (709,872)

－

(404,357) (1,112,928) (38,323) (1,151,252)

Reclassification t

retained earnin

－－

208,712 (208,712)

－－－－

Balances at March 31, 2022

397,050 498,575 26,453,126 2,203,254 (3,306,037) 26,245,969 908,851 27,154,820

Yen in millions

Common

stock

Additional

paid-in

capital

Retained

earnings

Other

components

of equity

Treasury

stock

Toyota Motor

Corporation

shareholders'

equity

Non-

controlling

interests

Total

shareholders'

equity

Balances at April 1, 2022 397,050 498,575 26,453,126 2,203,254 (3,306,037) 26,245,969 908,851 27,154,820

Comprehensive income

Net income

－－

2,451,318

－－

2,451,318 41,650 2,492,967

Other comprehensive

income, net of tax

－－－

799,772

－

799,772 27,941 827,713

Total comprehensive

incom

－－

2,451,318 799,772

－

3,251,090 69,591 3,320,681

Transactions with owner

and othe

Dividends paid

－－

(727,980)

－－

(727,980) (84,986) (812,966)

Repurchase of treasury

stoc

－－－－

(431,099) (431,099)

－

(431,099)

Reissuance of treasury

stoc

－

334

－－

573 907

－

907

Equity transaction

and othe

－

(181)

－－－

(181) 32,052 31,871

Total transactions with

owners and othe

－

152 (727,980)

－

(430,526) (1,158,353) (52,934) (1,211,287)

Reclassification t

retained earnin

－－

166,831 (166,831)

－－－－

Balances at March 31, 2023

397,050 498,728 28,343,296 2,836,195 (3,736,562) 28,338,706 925,507 29,264,213

For the year ended March 31, 2022

For the year ended March 31, 2023

TOYOTA MOTOR CORPORATION FY2023 Financial Summary

4. Unaudited Consolidated Statement of Cash Flows

Yen in millions

For the year ended

March 31, 2022

For the year ended

March 31, 2023

Cash flows from operating activities

Net income 2,874,614 2,492,967

Depreciation and amortization 1,821,880 2,039,904

Interest income and interest costs related to financial services, net (354,102) (694,331)

Share of profit (loss) of investments accounted for using the equity method (560,346) (643,063)

Income tax expense 1,115,918 1,175,765

Changes in operating assets and liabilities, and other (1,130,667) (1,502,482)

(Increase) decrease in trade accounts and other receivables 118,652 (532,432)

(Increase) decrease in receivables related to financial services (1,213,234) (1,760,288)

(Increase) decrease in inventories (725,285) (350,550)

(Increase) decrease in other current assets 71,314 (61,538)

Increase (decrease) in trade accounts and other payables 152,399 712,400

Increase (decrease) in other current liabilities 410,546 545,666

Increase (decrease) in retirement benefit liabilities 60,419 21,213

Other, net (5,478) (76,953)

Interest received 835,739 1,516,404

Dividends received 347,387 460,351

Interest paid (418,043) (593,216)

Income taxes paid, net of refunds

(809,763) (1,297,224)

Net cash provided by (used in) operating activities 3,722,615 2,955,076

Cash flows from investing activities

Additions to fixed assets excluding equipment leased to others (1,197,266) (1,450,196)

Additions to equipment leased to others (2,286,893) (1,907,356)

Proceeds from sales of fixed assets excluding equipment leased to others 37,749 56,436

Proceeds from sales of equipment leased to others 1,542,132 1,659,161

Additions to intangible assets (346,085) (348,280)

Additions to public and corporate bonds and stocks (2,427,911) (1,150,214)

Proceeds from sales of public and corporate bonds and stocks 282,521 393,982

Proceeds upon maturity of public and corporate bonds 1,920,116 939,747

Other, net

1,898,143 207,829

Net cash provided by (used in) investing activities (577,496) (1,598,890)

Cash flows from financing activities

Increase (decrease) in short-term debt (579,216) 239,689

Proceeds from long-term debt 8,122,678 9,276,918

Payments of long-term debt (8,843,665) (8,353,033)

Dividends paid to Toyota Motor Corporation common shareholders (709,872) (727,980)

Dividends paid to non-controlling interests (51,723) (84,986)

Reissuance (repurchase) of treasury stock (404,718) (431,099)

Other, net

－

24,310

Net cash provided by (used in) financing activities (2,466,516) (56,180)

Effect of exchange rate changes on cash and cash equivalents 334,195 103,305

et increase (decrease) in cash and cash equivalent

1,012,798 1,403,311

Cash and cash equivalents at beginning of year 5,100,857 6,113,655

Cash and cash equivalents at end of year

6,113,655 7,516,966

TOYOTA MOTOR CORPORATION FY2023 Financial Summary

5. Going Concern Assumptio

None

TOYOTA MOTOR CORPORATION FY2023 Financial Summary

6. Segment Informatio

(1) Segment Information

As of and for the year ended March 31, 2022

Yen in millions

Automotive

Financial

services All other

Inter-segment

Elimination/

Unallocated

Amount Consolidated

Sales revenues

Revenues from external customers 28,531,993 2,306,079 541,436

－

31,379,507

Inter-segment revenues and transfers

73,745 17,947 588,441 (680,133)

－

Total

28,605,738 2,324,026 1,129,876 (680,133) 31,379,507

Operating expenses

26,321,448 1,667,025 1,087,575 (692,237) 28,383,811

Operating income 2,284,290 657,001 42,302 12,104 2,995,697

Total assets

24,341,737 31,681,472 3,091,011 8,574,551 67,688,771

Investments accounted for using the

equity method

4,354,085 79,414 258,750 145,646 4,837,895

Depreciation and amortization 1,026,834 761,801 33,245

－

1,821,880

Capital expenditures 1,422,429 2,156,339 51,200 (18,381) 3,611,587

As of and for the year ended March 31, 2023

Yen in millions

Automotive

Financial

services All other

Inter-segment

Elimination/

Unallocated

Amount Consolidated

Sales revenues

Revenues from external customers 33,776,870 2,786,679 590,749

－

37,154,298

Inter-segment revenues and transfers

43,131 22,968 634,194 (700,293)

－

Total

33,820,000 2,809,647 1,224,943 (700,293) 37,154,298

Operating expenses

31,639,363 2,372,131 1,121,492 (703,713) 34,429,273

Operating income 2,180,637 437,516 103,451 3,420 2,725,025

Total assets

26,321,858 35,525,441 2,946,994 9,508,887 74,303,180

Investments accounted for using the

equity method

4,717,231 92,903 272,752 144,460 5,227,345

Depreciation and amortization 1,205,687 799,156 35,062

－

2,039,904

Capital expenditures 1,688,114 1,786,373 38,748 (17,015) 3,496,219

Note:

Unallocated amounts included in assets represent assets held for corporate purpose, which mainly consist of cash and cash

equivalents and financial assets measured at fair value through other comprehensive income, and the balances as of March 31,

2022 and March 31, 2023 are 10,020,460 million yen and 11,101,175 million yen, respectively.

TOYOTA MOTOR CORPORATION FY2023 Financial Summary

(2) Consolidated Financial Statements on Non-Financial Services Businesses and

Financial Services Business

Consolidated Statement of Financial Position on Non-Financial Services Businesses and

Financial Services Business

Yen in millions

March 31, 2022 March 31, 2023

Assets

(Non-Financial Services Businesses)

Current assets

Cash and cash equivalents 4,299,522 5,548,398

Trade accounts and other receivable 3,184,782 3,594,057

Other financial assets 2,028,649 849,779

Inventories 3,821,356 4,255,614

Other current assets

746,134 749,078

Total current assets 14,080,444 14,996,926

Non-current assets

Property, plant and equipment 7,302,017 7,729,000

Other

15,769,015 17,337,727

Total non-current assets 23,071,032 25,066,727

Total assets 37,151,476 40,063,653

(Financial Services Business)

Current assets

Cash and cash equivalents 1,814,133 1,968,568

Trade accounts and other receivable 206,588 286,960

Receivables related to financial services 7,181,327 8,279,806

Other financial assets 1,058,620 1,680,242

Other current assets

221,738 362,660

Total current assets 10,482,407 12,578,237

Non-current assets

Receivables related to financial services 14,583,130 16,491,045

Property, plant and equipment 5,024,625 4,904,975

Other

1,591,311 1,551,183

Total non-current assets 21,199,065 22,947,204

Total assets 31,681,472 35,525,441

(Elimination)

Elimination of assets (1,144,177) (1,285,914)

(Consolidated)

Total assets 67,688,771 74,303,180

ote: Assets in non-financial services include unallocated corporate assets.

TOYOTA MOTOR CORPORATION FY2023 Financial Summary

Yen in millions

March 31, 2022 March 31, 2023

Liabilities

(Non-Financial Services Businesses)

Current liabilities

Trade accounts and other payables 4,023,857 4,689,034

Short-term and current portion of long-term debt 1,041,557 1,170,114

Accrued expenses 1,421,194 1,446,697

Income taxes payable 695,888 361,000

Other current liabilities

2,778,172 3,266,095

Total current liabilities 9,960,668 10,932,939

Non-current liabilities

Long-term debt 1,538,884 1,553,622

Retirement benefit liabilities 1,004,558 1,047,430

Other non-current liabilities

1,830,146 1,867,028

Total non-current liabilities 4,373,588 4,468,080

Total liabilities 14,334,256 15,401,019

(Financial Services Business)

Current liabilities

Trade accounts and other payables 477,550 547,511

Short-term and current portion of long-term debt 10,576,910 11,583,602

Accrued expenses 124,088 128,994

Income taxes payable 130,927 43,607

Other current liabilities

1,414,606 1,841,562

Total current liabilities 12,724,080 14,145,275

Non-current liabilities

Long-term debt 13,882,650 15,627,943

Retirement benefit liabilities 18,190 18,078

Other non-current liabilities

722,257 1,135,862

Total non-current liabilities 14,623,097 16,781,883

Total liabilities 27,347,177 30,927,158

(Elimination)

Elimination of liabilities (1,147,482) (1,289,211)

(Consolidated)

Total liabilities 40,533,951 45,038,967

Shareholders' equity

(Consolidated) Total Toyota Motor Corporation shareholders' equity 26,245,969 28,338,706

(Consolidated) Non-controlling interests 908,851 925,507

(Consolidated) Total shareholders' equity 27,154,820 29,264,213

(Consolidated) Total liabilities and shareholders' equity 67,688,771 74,303,180

TOYOTA MOTOR CORPORATION FY2023 Financial Summary

Consolidated Statement of Income on Non-Financial Services Businesses and

Financial Services Business

Yen in millions

For the year ended

March 31, 2022

For the year ended

March 31, 2023

(Non-Financial Services Businesses)

Sales revenues 29,104,564 34,409,011

Cost of revenues 24,250,860 29,132,715

Selling, general and administrative

2,518,182 2,990,316

Operating income 2,335,522 2,285,980

Other income (loss), net 998,001 943,777

Income before income taxes 3,333,522 3,229,757

Income tax expense 944,594 1,040,864

Net income 2,388,928 2,188,893

Net income attributable to

Toyota Motor Corporation 2,369,399 2,152,509

Non-controlling interests

19,529 36,384

(Financial Services Business)

Sales revenues 2,324,026 2,809,647

Cost of revenues 1,178,509 1,741,117

Selling, general and administrative

488,517 631,014

Operating income 657,001 437,516

Other income (loss), net 16 (5,013)

Income before income taxes 657,017 432,503

Income tax expense 171,327 134,903

Net income 485,690 297,600

Net income attributable to

Toyota Motor Corporation 480,716 292,334

Non-controlling interests

4,974 5,266

(Elimination)

Elimination of net income (4) 6,475

(Consolidated)

Net income 2,874,614 2,492,967

Net income attributable to

Toyota Motor Corporation 2,850,110 2,451,318

Non-controlling interests

24,504 41,650

TOYOTA MOTOR CORPORATION FY2023 Financial Summary

Consolidated Statement of Cash Flows on Non-Financial Services Businesses and

Financial Services Business

Yen in millions

For the year ended

March 31, 2022

For the year ended

March 31, 2023

(Non-Financial Services Businesses)

Cash flows from operating activities

Net income 2,388,928 2,188,893

Depreciation and amortization 1,060,079 1,240,749

Share of profit (loss) of investments accounted for using the equity method (552,515) (633,324)

Income tax expense 944,594 1,040,864

Changes in operating assets and liabilities, and other (572,082) 463,871

Interest received 100,118 234,945

Dividends received 342,646 454,752

Interest paid (40,780) (28,206)

Income taxes paid, net of refunds

(544,887) (1,280,341)

Net cash provided by (used in) operating activities 3,126,101 3,682,203

Cash flows from investing activities

Additions to fixed assets excluding equipment leased to others (1,186,900) (1,439,724)

Additions to equipment leased to others (151,456) (147,792)

Proceeds from sales of fixed assets excluding equipment leased to others 36,219 54,572

Proceeds from sales of equipment leased to others 45,183 44,195

Additions to intangible assets (335,436) (333,295)

Additions to public and corporate bonds and stocks (1,904,588) (503,977)

Proceeds from sales of public and corporate bonds and stocks and upon

maturity of public and corporate bonds

1,989,345 892,814

Other, net

1,856,069 236,351

Net cash provided by (used in) investing activities 348,436 (1,196,856)

Cash flows from financing activities

Increase (decrease) in short-term debt (164,899) 142,688

Proceeds from long-term debt 513,371 474,535

Payments of long-term debt (1,818,653) (637,982)

Dividends paid to Toyota Motor Corporation common shareholders (709,872) (727,980)

Dividends paid to non-controlling interests (49,629) (79,782)

Reissuance (repurchase) of treasury stock (404,718) (431,099)

Other, net

－

21,458

Net cash provided by (used in) financing activities (2,634,401) (1,238,161)

Effect of exchange rate changes on cash and cash equivalents 185,237 1,690

Net increase (decrease) in cash and cash equivalents 1,025,373 1,248,876

Cash and cash equivalents at beginning of year 3,274,149 4,299,522

Cash and cash equivalents at end of year 4,299,522 5,548,398

TOYOTA MOTOR CORPORATION FY2023 Financial Summary

Yen in millions

For the year ended

March 31, 2022

For the year ended

March 31, 2023

(Financial Services Business)

Cash flows from operating activities

Net income 485,690 297,600

Depreciation and amortization 761,801 799,156

Interest income and interest costs related to financial services, net (360,837) (703,971)

Share of profit (loss) of investments accounted for using the equity method (7,831) (9,739)

Income tax expense 171,327 134,903

Changes in operating assets and liabilities, and other (623,051) (1,958,779)

Interest received 742,364 1,291,100

Dividends received 4,740 5,599

Interest paid (384,006) (574,650)

Income taxes paid, net of refunds

(264,876) (16,883)

Net cash provided by (used in) operating activities 525,321 (735,664)

Cash flows from investing activities

Additions to fixed assets excluding equipment leased to others (10,366) (10,472)

Additions to equipment leased to others (2,135,437) (1,759,564)

Proceeds from sales of fixed assets excluding equipment leased to others 1,530 1,865

Proceeds from sales of equipment leased to others 1,496,949 1,614,965

Additions to intangible assets (10,650) (14,985)

Additions to public and corporate bonds and stocks (523,323) (646,237)

Proceeds from sales of public and corporate bonds and stocks and upon

maturity of public and corporate bonds

213,291 440,915

Other, net

113,635 (30,385)

Net cash provided by (used in) investing activities (854,370) (403,898)

Cash flows from financing activities

Increase (decrease) in short-term debt (488,495) 171,293

Proceeds from long-term debt 7,800,854 8,892,261

Payments of long-term debt (7,142,750) (7,868,820)

Dividends paid to non-controlling interests (2,094) (5,204)

Other, net

－

2,853

Net cash provided by (used in) financing activities 167,516 1,192,382

Effect of exchange rate changes on cash and cash equivalents 148,958 101,615

Net increase (decrease) in cash and cash equivalents (12,575) 154,436

Cash and cash equivalents at beginning of year 1,826,707 1,814,133

Cash and cash equivalents at end of year 1,814,133 1,968,568

(Consolidated)

Effect of exchange rate changes on cash and cash equivalents

334,195 103,305

Net increase (decrease) in cash and cash equivalents 1,012,798 1,403,311

Cash and cash equivalents at beginning of year 5,100,857 6,113,655

Cash and cash equivalents at end of year 6,113,655 7,516,966

TOYOTA MOTOR CORPORATION FY2023 Financial Summary

(3) Geographic Information

Yen in millions

Japan

North

America Europe Asia Other

Inter-

segment

Elimination/

Unallocated

Amount

Consolidated

Sales revenues

Revenues from external

customers

8,214,740 10,897,946 3,692,214 5,778,115 2,796,493

－

31,379,507

Inter-segment revenues

and transfers

7,776,696 268,534 175,633 752,452 131,690 (9,105,004)

－

Total

15,991,436 11,166,479 3,867,847 6,530,566 2,928,183 (9,105,004) 31,379,507

Operating expenses

14,567,991 10,600,695 3,704,874 5,858,216 2,690,014 (9,037,980) 28,383,811

Operating income 1,423,445 565,784 162,973 672,350 238,169 (67,024) 2,995,697

Total assets

21,502,155 23,353,812 5,711,271 7,461,812 4,309,248 5,350,474 67,688,771

on-current asset

5,501,046 6,251,499 891,146 977,235 537,631

－

14,158,559

Yen in millions

Japan

North

America Europe Asia Other

Inter-

segment

Elimination/

Unallocated

Amount

Consolidated

Sales revenues

Revenues from external

customers

9,122,282 13,509,027 4,097,537 7,076,922 3,348,530

－

37,154,298

Inter-segment revenues

and transfers

8,460,914 334,874 176,198 967,984 123,663 (10,063,633)

－

Total

17,583,196 13,843,901 4,273,735 8,044,906 3,472,193 (10,063,633) 37,154,298

Operating expenses

15,681,733 13,918,637 4,216,276 7,330,455 3,240,832 (9,958,659) 34,429,273

Operating income (loss) 1,901,463 (74,736) 57,460 714,451 231,362 (104,974) 2,725,025

Total assets

23,241,334 26,024,734 6,813,474 7,908,520 4,726,373 5,588,745 74,303,180

on-current asset

5,658,859 6,255,561 1,042,726 1,031,057 565,377

－

14,553,580

Note:1.Unallocated amounts included in assets represent assets held for corporate purpose, which mainly consist of cash and cas

equivalents and financial assets measured at fair value through other comprehensive income, and the balances as of March 31,

2022 and March 31, 2023 are 10,020,460 million yen and 11,101,175 million yen, respectively.

2."Other" consists of Central and South America, Oceania, Africa and the Middle East.

3.Non-current assets do not include financial instruments, deferred tax assets, net defined benefit assets and rights arising unde

insurance contracts.

As of and for the year ended March 31, 2022

As of and for the year ended March 31, 2023

TOYOTA MOTOR CORPORATION FY2023 Financial Summary

7. Earnings Per Shar

Reconciliation of the difference between basic and diluted earnings per share attributable to Toyota

Motor Corporation are as follows:

Yen in millions

Thousands

of shares

Yen

Net income

attributable to Toyota

Motor Corporation

Weighted-average

common shares

Earnings per share

attributable to Toyota

Motor Corporation

For the year ended March 31, 2022

Net income attributable to Toyota Motor Corporation

2,850,110

Basic earnings per share attributable to Toyota Moto

Corporation

2,850,110 13,887,348 205.23

Effect of dilutive securities

Model AA Class Shares

23 311

Diluted earnings per share attributable to Toyota Moto

Corporation

2,850,132 13,887,659 205.23

For the year ended March 31, 2023

Net income attributable to Toyota Motor Corporation

2,451,318

Basic earnings per share attributable to Toyota Moto

Corporation

2,451,318 13,658,382 179.47

Effect of dilutive securities

Model AA Class Shares

－－

Diluted earnings per share attributable to Toyota Moto

Corporation

－－－

TOYOTA MOTOR CORPORATION FY2023 Financial Summary

In addition to the disclosure requirements under IFRS, Toyota discloses the information below in

order to provide financial statements users with valuable information.

The following table shows Toyota Motor Corporation shareholders' equity per share. Toyota Motor

Corporation shareholders' equity per share amounts are calculated by dividing Toyota Motor Corporation

shareholders' equity in the consolidated statement of financial position by common shares issued and

outstanding at the end of the year (excluding treasury stock).

Yen in millions

Thousands

of shares

Yen

Toyota Motor

Corporation

shareholders' equity

Common shares

issued

and outstanding at the

end of the year

(excluding treasury

stock)

Toyota Motor

Corporation

shareholders' equity

per share

As of March 31, 2022

26,245,969 13,778,302 1,904.88

As of March 31, 2023 28,338,706 13,565,180 2,089.08

On October 1, 2021, TMC effected a five-for-one stock split of its common stock to shareholders.

"Basic earnings per share attributable to Toyota Motor Corporation", "Diluted earnings per share

attributable to Toyota Motor Corporation" and "Toyota Motor Corporation shareholders' equity per share"

are calculated based on the assumption that the stock split was implemented at the beginning of the

revious fiscal year.

"Diluted earnings per share attributable to Toyota Motor Corporation" is not disclosed for the year

ended March 31, 2023, because there were no potential shares during that period as the acquisition of all

outstanding First Series Model AA Class Shares took place on April 2, 2021, and the cancellation of all

First Series Model AA Class Shares was completed on April 3, 2021

TOYOTA MOTOR CORPORATION FY2023 Financial Summary

8. Significant subsequent events

Not applicable.

Supplemental Material for Financial Results for FY2023 (Consolidated)

< IFRS >

FY2022 FY2023 FY2024

Forecast

1Q 2Q 3Q 4Q 12 months 1Q 2Q 3Q 4Q 12 months

(2021/4-6) (2021/7-9) (2021/10-12) (2022/1-3) ('21/4-'22/3) (2022/4-6) (2022/7-9) (2022/10-12) (2023/1-3) ('22/4-'23/3) ('23/4-'24/3)

2,180 1,756 2,077 2,145 8,158 1,936 2,179 2,243 2,336 8,694

1,025 826 945 942 3,738 802 934 975 1,078 3,789

[Daihatsu & Hino]

[ 262 ] [ 194 ] [ 257 ] [ 264 ] [ 977 ] [ 208 ] [ 240 ] [ 285 ] [ 269 ] [ 1,002 ]

1,155 930 1,132 1,203 4,420 1,135 1,245 1,268 1,258 4,905

[Daihatsu & Hino]

[ 110 ] [ 121 ] [ 140 ] [ 145 ] [ 515 ] [ 121 ] [ 157 ] [ 164 ] [ 156 ] [ 597 ]

North America

519 395 403 435 1,752 452 460 415 441 1,768

Europe

199 110 201 197 707 201 183 210 176 771

Asia

324 316 419 440 1,499 372 468 510 508 1,859

Central and

South America

83 84 81 87 335 104 105 95 95 398

Africa

29 25 29 45 127 5 28 38 38 109

2,148 1,946 2,003 2,134 8,230 2,013 2,146 2,331 2,331 8,822 9,600

500 445 482 498 1,924 403 466 532 668 2,069 2,320

[Daihatsu & Hino]

[ 146 ] [ 128 ] [ 133 ] [ 155 ] [ 561 ] [ 126 ] [ 144 ] [ 169 ] [ 182 ] [ 621 ] [ 620 ]

1,648 1,501 1,521 1,637 6,306 1,610 1,680 1,799 1,664 6,753 7,280

[Daihatsu & Hino]

[ 63 ] [ 63 ] [ 78 ] [ 77 ] [ 280 ] [ 68 ] [ 78 ] [ 92 ] [ 83 ] [ 321 ] [ 280 ]

North America

661 621 522 589 2,394 635 610 607 555 2,407 2,660

Europe

281 229 250 257 1,017 248 231 277 273 1,030 1,130

Asia

365 341 413 425 1,543 361 456 476 458 1,751 1,870

Central and

South America

105 105 111 111 432 123 128 144 115 509 500

Oceania

74 74 60 75 282 76 67 68 54 265 290

Africa

51 45 58 65 219 36 61 68 61 226 270

Middle East

108 84 106 114 412 130 126 157 145 559 560

Other

2 2 2 2 7 2 2 2 2 7

2,759 2,506 2,522 2,594 10,381 2,544 2,625 2,721 2,669 10,558 11,380

12 months

Total Retail Unit Sales (thousands of units)

[Toyota, Daihatsu and Hino]

Vehicle Production

(thousands of units)

(Japan)

- including Daihatsu & Hino

(Overseas)

- including Daihatsu & Hino

(Japan)

- including Daihatsu & Hino

(Overseas)

- including Daihatsu & Hino

Vehicle Sales

(thousands of units)

Supplemental 1

Supplemental Material for Financial Results for FY2023 (Consolidated)

< IFRS >

FY2022 FY2023 FY2024

Forecast

1Q 2Q 3Q 4Q 12 months 1Q 2Q 3Q 4Q 12 months

(2021/4-6) (2021/7-9) (2021/10-12) (2022/1-3) ('21/4-'22/3) (2022/4-6) (2022/7-9) (2022/10-12) (2023/1-3) ('22/4-'23/3) ('23/4-'24/3)

12 months

110 110 114 116 112 130 138 141 132 135

132 130 130 130 131 138 139 144 142 141

(Note 1)

7,935.5 8,491.1 9,218.2 9,754.6 9,690.2 37,154.2

Japan

4,096.6 3,899.7 4,290.1 4,582.2 4,811.0 17,583.1

North America

2,875.0 2,804.4 2,593.7 2,893.1 3,349.9 3,523.6 3,588.9 3,381.4 13,843.9

Europe

986.9 900.2 1,000.2 980.3 3,867.8 973.0 939.3 1,155.6 1,205.6 4,273.7

Asia

1,531.9 1,411.3 1,739.6 1,847.5 6,530.5 1,795.6 2,153.3 2,183.9 1,911.9 8,044.9

Other

688.2 704.3 702.2 833.3 2,928.1 828.7 907.5 907.1 828.7 3,472.1

Elimination

-2,355.9 -2,595.8 -2,663.2 -2,448.5

Business Segment

Automotive

7,241.2 7,720.1 8,408.9 8,871.4 8,819.4 33,820.0

Financial Services

578.8 567.6 588.3 589.2 2,324.0 652.1 704.2 741.7 711.5 2,809.6

All Other

241.2 254.3 266.9 367.3 1,129.8 262.3 271.0 312.2 379.2 1,224.9

Elimination

-125.7 -160.1 -143.4 -250.8 -680.1 -143.4 -166.0 -170.6 -220.0 -700.2

997.4 749.9 784.3 463.8 2,995.6 578.6 562.7 956.6 626.9 2,725.0 3,000.0

( 12.6 ) ( 9.9 ) ( 10.1 ) ( 5.7 ) ( 9.5 ) ( 6.8 ) ( 6.1 ) ( 9.8 ) ( 6.5 ) ( 7.3 ) ( 7.9 )

Geographic Information

Japan

518.5 290.5 396.5 217.8 1,423.4 336.7 521.1 683.4 360.1 1,901.4

North America

248.8 174.4 129.2 13.1 565.7 14.5 -85.6 -17.9 14.2 -74.7

Europe

30.0 23.6 82.7 26.5 162.9 19.6 -65.5 62.6 40.7 57.4

Asia

166.6 157.7 175.2 172.7 672.3 212.7 178.9 168.7 154.0 714.4

Other

65.3 82.7 51.7 38.2 238.1 45.8 64.0 66.1 55.3 231.3

Elimination

-31.9 20.7 -51.1 -4.7 -67.0 -50.8 -50.1 -6.3 2.3 -104.9

Business Segment

Automotive

780.0 577.6 595.3 331.1 2,284.2 449.2 453.7 818.8 458.8 2,180.6

Financial Services

196.0 168.3 190.6 101.8 657.0 114.5 84.4 125.0 113.5 437.5

All Other

21.6 -0.1 -1.1 21.9 42.3 18.3 20.3 18.4 46.2 103.4

Elimination

-0.3 4.0 -0.5 8.9 12.1 -3.4 4.3 -5.7 8.3 3.4

161.4 99.5 154.4 144.8 560.3 171.0 133.5 170.0 168.3 643.0 690.0

1,257.2 886.8 1,093.5 752.9 3,990.5 1,021.7 812.5 1,034.9 799.4 3,668.7 3,690.0

( 15.8 ) ( 11.8 ) ( 14.0 ) ( 9.3 ) ( 12.7 ) ( 12.0 ) ( 8.8 ) ( 10.6 ) ( 8.3 ) ( 9.9 ) ( 9.7 )

897.8 626.6 791.7 533.8 2,850.1 736.8 434.2 727.9 552.2 2,451.3 2,580.0

( 11.3 ) ( 8.3 ) ( 10.2 ) ( 6.6 ) ( 9.1 ) ( 8.7 ) ( 4.7 ) ( 7.5 ) ( 5.7 ) ( 6.6 ) ( 6.8 )

― 332.4 ― 385.7 718.2 ― 342.1 ― 474.7 816.9

(Note 2)

Cash Dividends per Share (yen)

― 120 ― 28 ― ― 25 ― 35 60

(Note 3)

Payout Ratio (%)

― 21.9 ― 29.2 25.3 ― 29.2 ― 37.1 33.4

21.5 228.4 66.4 88.1 404.6 121.3 74.2 141.0 94.5 431.0

(Note 4)

― 149.9 ― ― 149.9 ― 150.0 299.9

(Note 4)

(Note 5)

-10,063.6

11,166.4

-9,105.0

28,605.7

Income before Income Taxes (billions of yen)

Net Income Attributable toToyota Motor Corporation (billions of yen)

(Income before Income Taxes Ratio) (%)

(Operating Income Ratio) (%)

Operating Income (billions of yen)

Share of Profit (Loss) of Investments Accounted for

Using the Equity Method (billions of yen)

-2,243.3

Dividends

(Net Income Ratio) (%)

Cash Dividends (billions of yen)

Number of Outstanding Shares

(thousands)

Value of Shares Repurchased

(billions of yen)[actual purchase]

Value of Shares Repurchased

(billions of yen)[shareholder return]

3,695.5

-1,970.3

Yen to US Dollar Rate

Yen to Euro Rate

Sales Revenues (billions of yen)

Geographic Information

Number of Employees

Foreign Exchange Rates

372,434

16,314,98716,314,987 16,314,987

3,262,997

376,971

3,262,997

372,817

31,379.5

372,286

7,545.7

372,817

8,112.4

371,365

7,785.7

285.6 435.6

4,102.9

-2,544.9

7,406.7

4,096.1

-2,346.3

7,073.86,883.8

15,991.4

16,314,987

as premise:

125

as premise:

135

38,000.0

377,369

16,314,987

375,235

16,314,987

375,396

16,314,987

375,235

16,314,987

Supplemental 2

Supplemental Material for Financial Results for FY2023 (Consolidated)

< IFRS >

FY2022 FY2023 FY2024

Forecast

1Q 2Q 3Q 4Q 12 months 1Q 2Q 3Q 4Q 12 months

(2021/4-6) (2021/7-9) (2021/10-12) (2022/1-3) ('21/4-'22/3) (2022/4-6) (2022/7-9) (2022/10-12) (2023/1-3) ('22/4-'23/3) ('23/4-'24/3)

12 months

274.1 276.0 294.8 279.2 1,124.2 302.2 318.4 298.8 322.0 1,241.6 1,240.0

(Note 6)

241.7 229.2 261.7 274.5 1,007.2 284.3 289.7 298.1 312.7 1,185.0 1,250.0

(Note 7)

Japan

116.8 99.2 125.4 121.4 463.0 122.6 126.3 118.0 145.8 512.8

North America

63.9 68.1 73.5 81.0 286.7 87.4 95.3 94.4 89.4 366.6

Europe

18.3 19.3 17.6 20.8 76.2 22.1 20.4 20.9 22.3 85.9

Asia

33.2 32.5 34.2 38.2 138.2 39.9 42.5 56.2 45.2 184.0

Other

9.3 10.0 10.7 12.9 43.0 12.2 5.0 8.4 9.7 35.5

279.0 358.9 279.6 425.4 1,343.0 274.6 407.4 358.8 564.9 1,605.8 1,860.0

(Note 7)

Japan

135.7 157.8 149.2 231.8 674.6 128.6 151.6 148.1 275.4 703.8

North America

74.5 151.9 72.2 104.8 403.6 97.9 175.3 120.1 162.7 556.1

Europe

25.2 19.7 17.8 19.0 81.8 10.3 10.3 16.9 24.1 61.7

Asia

36.9 24.4 36.1 51.2 148.7 25.7 65.5 63.4 68.1 222.9

Other

6.5 4.9 4.2 18.4 34.1 11.9 4.5 10.2 34.4 61.2

10,318.6 10,270.8 10,193.3 10,517.3 10,517.3 10,532.2 11,004.6 10,278.7 11,313.7 11,313.7

(Note 8)

15.1 10.3 12.8 8.3 11.5 11.0 6.3 10.5 7.9 9.0

5.8 4.1 5.1 3.3 4.4 4.2 2.4 4.0 3.0 3.5

559 569

169 168

Analysis of Consolidated Net Income

Attributable to Toyota Motor Corporation for FY2023

12 months

(billions of yen, approximately) (2023/1-3) ('22/4-'23/3)

Marketing Efforts

380.0 680.0

Effects of Changes in Exchange Rates

235.0 1,280.0

Cost Reduction Efforts

-350.0 -1,290.0

From Engineering

-370.0 -1,340.0

From Manufacturing and Logistics

20.0 50.0

-110.0 -525.0

Other

8.1 -415.6

(Changes in Operating Income)

163.0 -270.6

Non-operating Income

-116.5 -51.1

23.5 82.7

-28.0 -76.9

18.4 -398.7

(Note 1) Shows the number of employees as of the end of each period (excluding loan employees from Toyota to outside Toyota and including loan employees from outside Toyota to Toyota)

(Note 2) 2Q= Interim Dividend, 4Q= Year-end Dividend, FY= Annual Dividend

(Note 3) The dividend for the second quarter of the fiscal year 2022 presents the amount prior to the stock split.

(Note 3)

Annual cash dividends per common share for the fiscal year ended March 31, 2022 is not stated because the amounts cannot be simply combined due to the implementation of the stock split.

(Note 3)

Annual cash dividends per common share is ¥260 when calculated based on the assumption of no stock split, and ¥52 when calculated with the stock split taken into account.

(Note 4) Excluding shares constituting less than one unit that were purchased upon request and the commission fees incurred for the repurchase

(Note 5) Shareholder return on Net Income for the period (Stated the maximum total purchase price for the repurchase of shares during the repurchase period,

(Note 5)

or the actual purchase price of shares repurchased after the completion of the repurchase period.)

(Note 6) Figures for R&D expenses are R&D activity related expenditures incurred during the reporting period and do not conform to "R&D Expenses" on Toyota's Consolidated Statement of Income

(Note 7) Figures for depreciation expenses and capital expenditures do not include vehicles in operating lease or right of use assets

(Note 8) Cash and cash equivalents, time deposits, public and corporate bonds and its investment in monetary trust funds, excluding in each case those relating to financial services

　(Changes in Net Income

Attributable to Toyota Motor Corporation)

R&D Expenses (billions of yen)

Capital Expenditures (billions of yen)

Return on Asset (%)

Geographic Information

Total Assets (billions of yen)

26,245.9

Increase or Decrease in Expenses and Expense

Reduction Efforts

Share of Profit (Loss) of Investments Accounted

for Using the Equity Method

Income tax expense, Net Income Attributable to

Non-controlling Interests

Number of Associates and Joint Ventures

Accounted for Using the Equity Method

Number of Consolidated Subsidiaries

(including Structured Entities)

Toyota Motor Corporation

Shareholders' Equity (billions of yen)

Return on Equity (%)

Total Liquid Assets (billions of yen)

Geographic Information

Depreciation Expenses

(billions of yen)

27,374.824,939.5

67,688.7

26,245.9

63,618.0 67,688.7

24,123.0

61,651.1 61,758.8

24,610.4

71,935.1 74,484.0

28,037.2

74,303.1

28,338.7

71,580.5

27,535.8

74,303.1

28,338.7

Cautionary Statement with Respect to Forward-Looking Statements

This report contains forward-looking statements that reflect Toyota's plans and expectations.

These forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors

that may cause Toyota's actual results, performance, achievements or financial position to be materially different from any future results, performance,

achievements or financial position expressed or implied by these forward-looking statements.

These factors include, but are not limited to: (i) changes in economic conditions, market demand, and the competitive environment affecting the

automotive markets in Japan, North America, Europe, Asia and other markets in which Toyota operates; (ii) fluctuations in currency exchange rates,

particularly with respect to the value of the Japanese yen, the U.S. dollar, the euro, the Australian dollar, the Canadian dollar and the British pound,

fluctuations in stock prices, and interest rates fluctuations; (iii) changes in funding environment in financial markets and increased competition in the

financial services industry; (iv) Toyota's ability to market and distribute effectively; (v) Toyota's ability to realize production efficiencies and to

implement capital expenditures at the levels and times planned by management; (vi) changes in the laws, regulations and government policies in the

markets in which Toyota operates that affect Toyota's automotive operations, particularly laws, regulations and government policies relating to vehicle

safety including remedial measures such as recalls, trade, environmental protection, vehicle emissions and vehicle fuel economy, as well as changes in

laws, regulations and government policies that affect Toyota's other operations, including the outcome of current and future litigation and other legal

proceedings, government proceedings and investigations; (vii) political and economic instability in the markets in which Toyota operates; (viii) Toyota's

ability to timely develop and achieve market acceptance of new products that meet customer demand; (ix) any damage to Toyota's brand image; (x)

Toyota's reliance on various suppliers for the provision of supplies; (xi) increases in prices of raw materials; (xii) Toyota's reliance on various digital and

information technologies, as well as information security; (xiii) fuel shortages or interruptions in electricity, transportation systems, labor strikes, work

stoppages or other interruptions to, or difficulties in, the employment of labor in the major markets where Toyota purchases materials, components

and supplies for the production of its products or where its products are produced, distributed or sold; (xiv) the impact of natural calamities, epidemics,

political and economic instability, fuel shortages or interruptions in social infrastructure, wars, terrorism and labor strikes, including their negative

effect on Toyota's vehicle production and sales; and (xv) the impact of climate change and the transition towards a low-carbon economy.

A discussion of these and other factors which may affect Toyota's actual results, performance, achievements or financial position is contained in

Toyota's annual report on Form 20-F, which is on file with the United States Securities and Exchange Commission.

Supplemental 3