FINANCIAL SUMMARY FY2019 First Quarter

FINANCIAL SUMMARY

(All financial information has been prepared in accordance with U.S. generally accepted accounting principles)

FY2019 First Quarter

(April 1, 2018 through June 30, 2018) English translation from the original Japanese-language document

TOYOTA MOTOR CORPORATION

FY2019 First Quarter Consolidated Financial Results

(All financial information has been prepared in accordance with U.S. generally accepted accounting principles) English translation from the original Japanese-language document

Company name Stock exchanges on which the shares are listed Code number URL Representative Contact person

Filing date of quarterly securities report Payment date of cash dividends Supplemental materials prepared for quarterly financial results Earnings announcement for quarterly financial results

August 3, 2018

: Toyota Motor Corporation : Tokyo and Nagoya Stock Exchanges in Japan : 7203 : : Akio Toyoda, President : Kenta Kon, Managing Officer, General Manager of Accounting

Division Tel. (0565)28-2121 : August 10, 2018 : ? : yes : yes

(Amounts are rounded to the nearest million yen)

1. Consolidated Results for FY2019 First Quarter (April 1, 2018 through June 30, 2018) (1) Consolidated financial results (For the three months ended June 30)

(% of change from previous first quarter)

Net revenues

Operating income

Income before income taxes and equity in earnings of affiliated companies

Net income attributable to Toyota Motor Corporation

Million yen

% Million yen

%

Million yen

%

Million yen

%

FY2019 first quarter

7,362,733

4.5

682,687

18.9

813,864

19.8

657,306

7.2

FY2018 first quarter

7,047,606

7.0

574,294

-10.6

679,348

0.3

613,056

11.0

(Note) Comprehensive income: FY2019 first quarter 742,474 million yen ( 4.8 %), FY2018 first quarter 708,604 million yen ( %)

FY2019 first quarter FY2018 first quarter

Net income attributable to Toyota Motor Corporation per common

share ? Basic

Yen 224.67 205.05

Net income attributable to Toyota Motor Corporation per common

share ? Diluted

Yen 222.33 202.84

(2) Consolidated financial position

Total assets

FY2019 first quarter FY2018

Million yen 51,049,149 50,308,249

Mezzanine equity and Shareholders' equity

Million yen 20,122,897 19,922,076

Toyota Motor Corporation shareholders' equity

Million yen 18,946,917 18,735,982

Ratio of Toyota Motor Corporation

shareholders' equity

% 37.1 37.2

2. Cash Dividends

Annual cash dividends per common share

End of first End of second End of third

quarter

quarter

quarter

Year-end

Total

Yen

Yen

Yen

Yen

Yen

FY2018

--

100.00

--

120.00

220.00

FY2019

--

FY2019 (forecast)

--

--

--

--

(Note) Revisions to the forecast of cash dividends since the latest announcement: none

Please refer to "(Reference) Cash Dividends on Class Shares" for information regarding cash dividends on class shares, which are

unlisted and have different rights from common stock.

3. Forecast of Consolidated Results for FY2019 (April 1, 2018 through March 31, 2019)

Income before income

Net revenues

Operating income

taxes and equity in earnings of affiliated

companies

Million yen

% Million yen

% Million yen

%

Full-year

29,000,000

-1.3 2,300,000

-4.2 2,450,000

-6.5

(Note) Revisions to the forecast of consolidated results since the latest announcement: none

(% of change from FY2018)

Net income attributable to Toyota

Motor Corporation

Net income attributable to Toyota Motor Corporation per

common share ? Basic

Million yen

%

Yen

2,120,000 -15.0

726.68

Notes (1) Changes in significant subsidiaries during the current quarter

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

(2) Simplified accounting procedures and specific accounting procedures: yes Note: For more details, please see page 7 "Other Information".

(3) Changes in accounting policies (i) Changes by a newly issued accounting pronouncement: yes (ii) Changes other than (3)-(i) above: none Note: For more details, please see page 7 "Other Information".

(4) Number of shares issued and outstanding (common stock) (i) Number of shares issued and outstanding at the end of each period (including treasury stock): FY2019 first quarter 3,262,997,492 shares, FY2018 3,262,997,492 shares (ii) Number of treasury stock at the end of each period: FY2019 first quarter 370,396,669 shares, FY2018 353,073,500 shares (iii) Average number of shares issued and outstanding in each period: FY2019 first quarter 2,909,189,575 shares, FY2018 first quarter 2,974,749,507 shares

This report is not reviewed.

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. 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 Russian ruble, the Canadian dollar and the British pound, 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; (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; and (xiv) the impact of natural calamities including the negative effect on Toyota's vehicle production and sales.

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.

This report contains summarized and condensed financial information prepared in accordance with U.S. generally accepted accounting principles.

(Reference) Cash Dividends on Class Shares Cash dividends on class shares, which have different rights from common stock, are as follows:

Annual cash dividends per First Series Model AA Class Share

End of first End of second End of third

quarter

quarter

quarter

Year-end

Total

Yen

Yen

Yen

Yen

Yen

FY2018

79.00

79.00

158.00

FY2019

FY2019 (forecast)

(Note) The First Series Model AA Class Shares were issued in July 2015.

TOYOTA MOTOR CORPORATION FY2019 First Quarter Financial Summary

TABLE OF CONTENTS

1. Consolidated Financial Statements.............................................................................................................................. 2 (1) Consolidated Balance Sheets....................................................................................................................................... 2 (2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income.................................. 4 (3) Consolidated Statements of Cash Flows..................................................................................................................... 6 (4) Going Concern Assumption......................................................................................................................................... 7 (5) Significant Changes in Shareholders' Equity............................................................................................................... 7

2. Other Information........................................................................................................................................................... 7 (1) Changes in significant subsidiaries during the current period....................................................................................... 7 (2) Simplified accounting procedures and accounting procedures specific to quarterly consolidated financial statements.................................................................................................................. 7 (3) Changes in accounting principles, procedures, and disclosures for consolidated financial statements....................... 7

Supplemental Material for Financial Results for FY2019 First Quarter

1

TOYOTA MOTOR CORPORATION FY2019 First Quarter Financial Summary

1. Consolidated Financial Statements

(1) Consolidated Balance Sheets

Assets Current assets: Cash and cash equivalents Time deposits Marketable securities Trade accounts and notes receivable, less allowance for doubtful accounts Finance receivables, net Other receivables Inventories Prepaid expenses and other current assets Total current assets Noncurrent finance receivables, net Investments and other assets: Marketable securities and other securities investments Affiliated companies Employees receivables Other Total investments and other assets Property, plant and equipment: Land Buildings Machinery and equipment Vehicles and equipment on operating leases Construction in progress Total property, plant and equipment, at cost Less ? Accumulated depreciation Total property, plant and equipment, net Total assets

FY2018

FY2019 first quarter

(March 31, 2018)

(June 30, 2018)

3,052,269 901,244

1,768,360 2,219,562 6,348,306

489,338 2,539,789

833,788 18,152,656

9,481,618

7,999,323 3,162,917

22,562 1,221,500 12,406,302

1,404,611 4,659,753 11,535,381 5,934,393

509,851 24,043,989 (13,776,316) 10,267,673 50,308,249

3,027,064 869,547

1,648,476 2,106,252 6,486,344

427,784 2,536,944

924,534 18,026,945

9,797,925

8,342,697 3,109,166

22,542 1,264,557 12,738,962

1,389,767 4,675,076 11,652,887 6,172,707

509,453 24,399,890 (13,914,573) 10,485,317 51,049,149

(Yen in millions) Increase (Decrease)

(25,205) (31,697) (119,884) (113,310) 138,038 (61,554)

(2,845) 90,746 (125,711) 316,307

343,374 (53,751)

(20) 43,057 332,660

(14,844) 15,323 117,506 238,314

(398) 355,901 (138,257) 217,644 740,900

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TOYOTA MOTOR CORPORATION FY2019 First Quarter Financial Summary

FY2018

FY2019 first quarter

(March 31, 2018)

(June 30, 2018)

(Yen in millions) Increase (Decrease)

Liabilities Current liabilities: Short-term borrowings Current portion of long-term debt Accounts payable Other payables Accrued expenses Income taxes payable Other current liabilities Total current liabilities Long-term liabilities: Long-term debt Accrued pension and severance costs Deferred income taxes Other long-term liabilities Total long-term liabilities Total liabilities

Mezzanine equity Model AA Class Shares, no par value, authorized: 150,000,000 shares at March 31, 2018 and June 30, 2018 issued: 47,100,000 shares at March 31, 2018 and June 30, 2018

Shareholders' equity

5,154,913 4,186,277 2,586,657 1,048,216 3,104,260

462,327 1,254,241 17,796,891

10,006,374 931,182

1,118,165 533,561

12,589,282 30,386,173

491,974

5,390,696 4,434,199 2,390,623

880,584 3,208,430

211,097 1,317,546 17,833,175

10,415,555 934,112

1,174,705 568,705

13,093,077 30,926,252

491,951

235,783 247,922 (196,034) (167,632) 104,170 (251,230)

63,305 36,284

409,181 2,930

56,540 35,144 503,795 540,079

(23)

Toyota Motor Corporation shareholders' equity:

Common stock, no par value, authorized: 10,000,000,000 shares at March 31, 2018 and June 30, 2018 issued: 3,262,997,492 shares at March 31, 2018 and June 30, 2018

Additional paid-in capital

Retained earnings Accumulated other comprehensive

income (loss) Treasury stock, at cost,

353,073,500 shares at March 31, 2018 and 370,396,669 shares at June 30, 2018 Total Toyota Motor Corporation shareholders' equity Noncontrolling interests

Total shareholders' equity

Commitments and contingencies Total liabilities, mezzanine equity and shareholders'

equity

397,050

397,050

487,502 19,473,464

435,699 (2,057,733)

18,735,982 694,120

19,430,102

50,308,249

487,746 20,875,348

(626,973) (2,186,254)

18,946,917 684,029

19,630,946

51,049,149

244 1,401,884 (1,062,672) (128,521)

210,935 (10,091) 200,844

740,900

Note: The total number of authorized shares for common stock and Model AA Class Shares is 10,000,000,000 shares.

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