FINANCIAL SUMMARY

FY2011

(April 1, 2010 through March 31, 2011)

English translation from the original Japanese-language document

TOYOTA MOTOR CORPORATION

	FY2011 Consolidated Financial Results
	(Consolidated financial information has been prepared in accordance with accounting principles generally accepted in the United States of America) English translation from the original Japanese-language document

May 11, 2011

Company name	:	Toyota Motor Corporation
Stock exchanges on which the shares are listed	:	Tokyo, Osaka, Nagoya, Sapporo and Fukuoka Stock Exchanges in Japan
Code number	:	7203
URL	:	http://www.toyota.co.jp
Representative	:	Akio Toyoda, President
Contact person	:	Naoki Kojima, General Manager, Accounting Division Tel. (0565)28-2121
Date of the ordinary general shareholders’ meeting	:	June 17, 2011
Payment date of cash dividends	:	June 20, 2011
Filing date of financial statements	:	June 24, 2011
Supplemental materials prepared for financial results	:	yes
Earnings announcement for financial results	:	yes

(Amounts are rounded to the nearest million yen for consolidated results)

1. Consolidated Results for FY2011 (April 1, 2010 through March 31, 2011)

(1) Consolidated financial results

(% of change from previous year)

	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		%
FY2011		18,993,688		0.2		468,279		217.4		563,290		93.3		408,183		94.9
FY2010		18,950,973		-7.7		147,516		—		291,468		—		209,456		—

(Note) Comprehensive income: FY2011 110,297 million yen ( -76.6 %), FY2010 470,402 million yen (—%)

	Net income attributable to Toyota Motor Corporation per share - Basic		Net income attributable to Toyota Motor Corporation per share - Diluted		Ratio of net income attributable to Toyota Motor Corporation to Toyota Motor Corporation shareholders’ equity		Ratio of income before income taxes and equity in earnings of affiliated companies to total assets		Ratio of operating income to net revenues
	Yen		Yen		%		%		%
FY2011		130.17		130.16		3.9		1.9		2.5
FY2010		66.79		66.79		2.1		1.0		0.8

Reference: Equity in earnings of affiliated companies: FY2011 215,016 million yen, FY2010 45,408 million yen

(2) Consolidated financial position

	Total assets		Shareholders’ equity		Toyota Motor Corporation shareholders’ equity		Ratio of Toyota Motor Corporation shareholders’ equity		Toyota Motor Corporation Shareholders’ equity per share
	Million yen		Million yen		Million yen		%		Yen
FY2011		29,818,166		10,920,024		10,332,371		34.7		3,295.08
FY2010		30,349,287		10,930,443		10,359,723		34.1		3,303.49

(3) Consolidated cash flows

	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
FY2011		2,024,009		-2,116,344		434,327		2,080,709
FY2010		2,558,530		-2,850,184		-277,982		1,865,746

2. Cash dividends

	Annual cash dividends per share
	End of first quarter		End of second quarter		End of third quarter		Year-end		Annual		Total amount of cash dividends (annual)		Dividends payout ratio (consolidated)		Ratio of total amount of dividends to Toyota Motor Corporation shareholders’ equity (consolidated)
	Yen		Yen		Yen		Yen		Yen		Million Yen		%		%
FY2010		—		20.00		—		25.00		45.00		141,120		67.4		1.4
FY2011		—		.		—		.		.		*,*		*.		.
FY2012 (forecast)		—		—		—		—		—				—

3. Forecast of consolidated results for FY2012 (April 1, 2011 through March 31, 2012)

Due to the impact of the Great East Japan Earthquake, a reasonable forecast for FY2012 cannot be made at this point. The forecast for FY2012 will be disclosed as soon as it becomes available.

4. Others

(1)

Changes in significant subsidiaries during FY2011

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

(2)

Changes in accounting principles, procedures, and disclosures during FY2011

(i) Changes by a newly issued accounting pronouncement: yes

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

Note: For more details, please see page 13 “(6) Summary of Significant Accounting Policies”.

(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) : FY2011 3,447,997,492 shares,

FY2010 3,447,997,492 shares

(ii)

Number of treasury stock at the end of each fiscal year: FY2011 312,298,805 shares,

FY2010 312,002,149 shares

(iii)

Average number of shares issued and outstanding in each fiscal year: FY2011 3,135,880,538 shares,

FY2010 3,135,986,228 shares

Reference: Overview of the Unconsolidated Financial Results

FY2011 Unconsolidated Financial Results

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

English translation from the original Japanese-language document

(Amounts less than one million yen are omitted for unconsolidated results)　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　

1. Unconsolidated results for FY2011 (April 1, 2010 through March 31, 2011)　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　

(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		%
FY2011		8,242,830		-4.1		-480,938		—		-47,012		—		52,764		101.5
FY2010		8,597,872		-7.3		-328,061		—		-77,120		—		26,188		-53.8

	Net income per share - Basic		Net income per share - Diluted
	Yen		Yen
FY2011		16.83		16.83
FY2010		8.35		8.35

(2) Unconsolidated financial position

	Total assets		Net assets		Equity ratio		Net assets per share
	Million yen		Million yen		%		Yen
FY2011		9,593,164		6,538,399		68.0		2,081.64
FY2010		10,350,776		6,637,692		64.0		2,113.70

Reference: Equity at the end of FY2011: 6,527,392 million yen, Equity at the end of FY2010: 6,628,542 million yen

Information Regarding the Audit Procedures

At the time of disclosure of this report, the procedures for audit of financial statements, pursuant to the “Financial Instruments and Exchange Act” of Japan, have not been completed.

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

This report contains forward-looking statements that reflect Toyota’s forecasts for consolidated and unconsolidated results. 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: (i) changes in economic conditions and market demand affecting, and the competitive environment in, 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; (iii) changes in funding environment in financial markets; (iv) Toyota’s ability to realize production efficiencies and to implement capital expenditures at the levels and times planned by management; (v) 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; (vi) political instability in the markets in which Toyota operates; (vii) Toyota’s ability to timely develop and achieve market acceptance of new products that meet customer demand; (viii) any damage to Toyota’s brand image; (ix) fuel shortages or interruptions in 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 (x) the impact of the March 11, 2011 Great East Japan Earthquake and ensuing events, 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.

Consolidated financial information in this report is prepared in accordance with accounting principles generally accepted in the United States of America. Certain prior year amounts have been reclassified to conform to the presentations for the year ended March 31, 2011.

TOYOTA MOTOR CORPORATION FY2011 Financial Summary

TABLE OF CONTENTS

1.	Business Results		2
	(1)	Consolidated Financial Results for FY2011	2
	(2)	Consolidated Financial Position for FY2011	4
	(3)	Basic Policy on the Distribution of Profits and the Distribution of Profits for FY2011	4
2.	Management Policy		5
	(1)	Toyota’s Basic Management Policy	5
	(2)	Medium- and Long-term Management Strategy	5
3.	Consolidated Production and Sales		6
	(1)	Production	6
	(2)	Sales (by destination)	6
4.	Breakdown of Consolidated Net Revenues		7
5.	Consolidated Financial Statements		8
	(1)	Consolidated Balance Sheets	8
	(2)	Consolidated Statements of Income	10
	(3)	Consolidated Statements of Shareholders’ Equity	11
	(4)	Consolidated Statements of Cash Flows	12
	(5)	Events and Conditions which Indicate there could be Substantial Doubt about Going Concern Assumption	12
	(6)	Summary of Significant Accounting Policies	13
	(7)	Segment Information	14
6.	Unconsolidated Financial Statements		17
	(1)	Balance Sheets	17
	(2)	Statements of Income	19
	(3)	Changes in Net Assets	20
	(4)	Events and Conditions which Indicate there could be Substantial Doubt about Going Concern Assumption	23

TOYOTA MOTOR CORPORATION FY2011 Financial Summary
(Consolidated financial information has been prepared in accordance with accounting principles generally accepted in the United States of America)

1. Business Results

(1)

Consolidated Financial Results for FY2011

Financial Results

Reviewing FY2011, the world economy is improving mainly due to the effect of the expansion of domestic demands and exports in emerging countries especially in Asia, and the economic stimulus measures undertaken by various countries. Although the Japanese economy has gained momentum from improved corporate revenues and rallies in exports and production, it is still facing dire challenges linked to the persistently low employment figures and to the weakened economic activity resulting from the impact of the Great East Japan Earthquake.

For automobile industry, market has expanded especially in emerging countries such as China, and technological development and new product launches have been accelerated, caused by increase of customers’ demands for the compact cars and low-price cars, and growth of worldwide environmental consciousness.

Under these conditions, consolidated vehicle sales in Japan and overseas increased by 71 thousand units, or 1.0%, to 7,308 thousand units in FY2011 compared with FY2010 (April 1, 2009 through March 31, 2010). Vehicle sales in Japan decreased by 250 thousand units, or 11.5%, to 1,913 thousand units in FY2011 compared with FY2010 under the declined market in Japan. However, with the efforts of dealers nationwide, Toyota and Lexus brands’ market share excluding mini-vehicles was 47.3%, and market share (including Daihatsu and Hino brands) including mini-vehicles was 43.7%, each remained at a high level following FY2010. Meanwhile, overseas vehicle sales increased by 321 thousand units, or 6.3%, to 5,395 thousand units in FY2011 compared with FY2010, because of the sales expansion in Asia and other regions.

As for the results of operations, net revenues increased by 42.7 billion yen, or 0.2%, to 18,993.6 billion yen in FY2011 compared with FY2010, and operating income increased by 320.7 billion yen, or 217.4%, to 468.2 billion yen in FY2011 compared with FY2010. Among the factors contributing to an increase in operating income were the effects of marketing efforts of 490.0 billion yen and cost reduction efforts of 180.0 billion yen. On the other hand, factors resulting in a decrease in operating income primarily included the effects of changes in exchange rates of 290.0 billion yen, an increase in expense of 30.0 billion yen, and other factors of 29.3 billion yen. Income before income taxes and equity in earnings of affiliated companies increased by 271.8 billion yen, or 93.3%, to 563.2 billion yen in FY2011 compared with FY2010. Net income attributable to Toyota Motor Corporation increased by 198.7 billion yen, or 94.9%, to 408.1 billion yen in FY2011 compared with FY2010.

TOYOTA MOTOR CORPORATION FY2011 Financial Summary
(Consolidated financial information has been prepared in accordance with accounting principles generally accepted in the United States of America)

Segment Operating Results

(i) Automotive:

Net revenues for the automotive operations increased by 139.9 billion yen, or 0.8%, to 17,337.3 billion yen in FY2011 compared with FY2010, and operating income increased by 172.3 billion yen to 86.0 billion yen in FY2011 compared with FY2010. The increase in operating income was mainly due to cost reduction efforts and increases in both production volume and vehicle unit sales, despite the effects of changes in exchange rates.

(ii) Financial services:

Net revenues for the financial services operations decreased by 53.2 billion yen, or 4.3%, to 1,192.2 billion yen in FY2011 compared with FY2010. 　However, operating income increased by 111.3 billion yen, or 45.1%, to 358.2 billion yen in FY2011 compared with FY2010. The increase in operating income was mainly due to a decrease in the provision for credit losses in sales finance subsidiaries.

(iii) All other:

Net revenues for all other businesses increased by 24.6 billion yen, or 2.6%, to 972.2 billion yen in FY2011 compared with FY2010, and operating income increased by 44.1 billion yen to 35.2 billion yen in FY2011 compared with FY2010.

Geographic Information

(i) Japan:

Net revenues in Japan decreased by 234.1 billion yen, or 2.1%, to 10,986.2 billion yen in FY2011 compared with FY2010, and operating loss increased by 137.2 billion yen to 362.4 billion yen in FY2011 compared with FY2010. The increase in operating loss was mainly due to the effects of changes in exchange rates and decreases in both production volume and vehicle unit sales, despite cost reduction efforts.

(ii) North America:

Net revenues in North America decreased by 241.4 billion yen, or 4.3%, to 5,429.1 billion yen in FY2011 compared with FY2010. 　However, operating income increased by 254.1 billion yen, or 297.1%, to 339.5 billion yen in FY2011 compared with FY2010. The increase in operating income was mainly due to a decrease in the provision for credit losses in sales finance subsidiaries, an increase in production volume and cost reduction efforts.

(iii) Europe:

Net revenues in Europe decreased by 165.6 billion yen, or 7.7%, to 1,981.4 billion yen in FY2011 compared with FY2010. 　However, operating income increased by 46.1 billion yen to 13.1 billion yen in FY2011 compared with FY2010. The increase in operating income was mainly due to a decrease in expenses, despite decreases in both production volume and vehicle unit sales.

(iv) Asia:

Net revenues in Asia increased by 719.2 billion yen, or 27.1%, to 3,374.6 billion yen in FY2011 compared with FY2010, and operating income increased by 109.4 billion yen, or 53.8%, to 313.0 billion yen in FY2011 compared with FY2010. The increase in operating income was mainly due to increases in both production volume and vehicle unit sales.

(v) Other (Central and South America, Oceania and Africa):

Net revenues in other regions increased by 135.3 billion yen, or 8.1%, to 1,809.1 billion yen in FY2011 compared with FY2010, and operating income increased by 44.6 billion yen, or 38.6%, to 160.1 billion yen in FY2011 compared with FY2010. The increase in operating income was mainly due to increases in both production volume and vehicle unit sales.

TOYOTA MOTOR CORPORATION FY2011 Financial Summary
(Consolidated financial information has been prepared in accordance with accounting principles generally accepted in the United States of America)

(2)

Consolidated Financial Position for FY2011

Cash flows from operating activities resulted in an increase in cash by 2,024.0 billion yen in FY2011. Net cash provided by operating activities decreased by 534.5 billion yen from 2,558.5 billion yen in FY2010. Cash flows from investing activities resulted in a decrease in cash by 2,116.3 billion yen in FY2011. Net cash used in investing activities decreased by 733.8 billion yen from 2,850.1 billion yen in FY2010. Cash flows from financing activities resulted in an increase in cash by 434.3 billion yen in FY2011. Net cash provided by financing activities increased by 712.2 billion yen compared with 277.9 billion yen net cash used in financing activities in FY2010. After taking into account the effect of changes in exchange rates, cash and cash equivalents increased by 215.0 billion yen, or 11.5%, to 2,080.7 billion yen at the end of FY2011 compared with the end of FY2010.

(3)

Basic Policy on the Distribution of Profits and the Distribution of Profits for FY2011

Toyota Motor Corporation (“TMC”) deems the benefit of its shareholders as one of its priority management policies, and it is working to improve corporate structure towards the realization of sustainable growth in order to enhance its corporate value.

TMC will strive to continue to pay stable dividends while giving due consideration to factors such as business results for each term, investment plans and its cash reserves.

In order to successfully compete in this highly competitive industry, TMC plans to utilize its internal funds for the early commercialization of technologies for the next-generation environment and safety, giving priority to customer safety and sense of security.

Considering these factors, with respect to the dividends for FY2011, TMC plans to propose a year-end dividend of 30 yen per share, and an annual dividend of 50 yen per share, combined with the interim dividend of 20 yen per share.

TMC pays dividends twice a year – an interim dividend and a year-end dividend –, and in order to secure an opportunity to directly seek shareholders’ opinions, TMC will treat payments of year-end dividends as a matter to be resolved at the 107th Ordinary General Shareholders’ Meeting, even though TMC’s articles of incorporation stipulate that retained earnings can be distributed as dividends pursuant to the resolution of the board of directors.

In FY2011, TMC did not repurchase its own shares, excluding shares constituting less than one unit that were purchased by TMC upon request.

Going forward, in view of the uncertain condition of the global economy, TMC will not repurchase its own shares for the time being to prioritize securing its cash reserves.

TOYOTA MOTOR CORPORATION FY2011 Financial Summary
(Unconsolidated financial information has been prepared in accordance with accounting principles generally accepted in Japan)

2. Management Policy

(1)

Toyota’s Basic Management Policy

“Management Policy” has been omitted, as there were no significant changes from the matters disclosed in the “Financial Summary” for the fiscal year ended March 31, 2007 (released on May 9, 2007).

The aforementioned information is available on the following Web sites.

Toyota Web site:

http://www.toyota.co.jp

Tokyo Stock Exchange Group, Inc. Web site (listed company search page):

http://www.tse.or.jp/listing/compsearch/index.html (Japanese only)

(2)

Medium- and Long-term Management Strategy

The Toyota Group as a whole will make an even greater effort to address the following in order to realize two of Toyota’s enduring wishes: “to be a company customers choose” and “to bring smiles to every customer who chooses Toyota.”

First, in product development, we intend to proceed with substantial improvement in design and perceived quality and the establishment of organization by which products launched at a certain region will be developed based on the customer needs of such region. For “Eco-Cars”, we will make all-around efforts to expand our product line-up of hybrid vehicles and develop next-generation eco-cars such as plug-in hybrid vehicles, electric vehicles and fuel cell vehicles, along with the high-efficiency gasoline engine.

Second, as for “emerging markets” with strong promise for future growth, we intend to reinforce core models for local production such as IMV and newly developed compact vehicles, while launching more hybrid vehicles. Through these efforts, we will build a well-balanced business structure that impartially allocates resources to both developed countries and emerging countries.

(*)

IMV is an abbreviation for Innovative International Multi-purpose Vehicle, which refers to sport-utility vehicles (SUVs), pickup trucks, and other multi-purpose vehicles that is produced overseas for markets worldwide.

Third, to quickly reflect feedback from our customers around the world in our R&D, production and sales operations, we will build a structure wherein decisions can be made regionally, in areas closest to the customers.

Fourth, we will further reinforce three basic functions: quality improvement, cost reduction, and human resource development.

Based on these efforts, Toyota will contribute to realize “enriching lives of communities” through manufacturing “good automobiles” that is accepted by customers and society. This will encourage more customers to well-purchase Toyota cars and thereby lead to the establishment of a stable business base. By perpetuating this good cycle, we will aim to realize “sustainable growth” and enhance corporate value. And, full observance of corporate ethics such as compliance with applicable laws and regulations, Toyota will fulfill its social responsibilities by carrying out its Corporate Social Responsibility (CSR).

TOYOTA MOTOR CORPORATION FY2011 Financial Summary
(Consolidated financial information has been prepared in accordance with accounting principles generally accepted in the United States of America)

3. Consolidated Production and Sales

(1) Production

(Units)

Business segment		FY2010 (April 1, 2009 through March 31, 2010)	FY2011 (April 1, 2010 through March 31, 2011)	Increase (Decrease)
	Japan	3,956,996	3,721,351	(235,645	)
	North America	1,041,833	1,338,294	296,461
Automotive	Europe	432,626	371,528	(61,098	)
	Asia	1,021,019	1,343,719	322,700
	Other	356,966	394,829	37,863
	Total	6,809,440	7,169,721	360,281
Other	Housing	4,727	5,014	287

Note:

1 Production in “Automotive” indicates production units of vehicles (new).

2 “Other” in “Automotive” consists of Central and South America, Oceania and Africa.

(2) Sales (by destination)

(Units)

Business segment		FY2010 (April 1, 2009 through March 31, 2010)	FY2011 (April 1, 2010 through March 31, 2011)	Increase (Decrease)
	Japan	2,162,418	1,913,117	(249,301	)
	North America	2,097,374	2,031,249	(66,125	)
Automotive	Europe	858,390	795,534	(62,856	)
	Asia	979,651	1,255,016	275,365
	Other	1,139,329	1,313,123	173,794
	Total	7,237,162	7,308,039	70,877
Other	Housing	5,281	5,157	(124	)

Note:

1 Sales in “Automotive” indicates sales units of vehicles (new).

2 “Other” in “Automotive” consists of Central and South America, Oceania, Africa and the Middle East, etc.

TOYOTA MOTOR CORPORATION FY2011 Financial Summary
(Consolidated financial information has been prepared in accordance with accounting principles generally accepted in the United States of America)

4. Breakdown of Consolidated Net Revenues

(Amount: million yen)

Business segment		FY2010 (April 1, 2009 through March 31, 2010)	FY2011 (April 1, 2010 through March 31, 2011)	Increase (Decrease)
	Vehicles	14,309,595	14,507,479	197,884
Automotive	Parts & components for overseas production	355,273	335,366	(19,907	)
	Parts	1,543,941	1,553,497	9,556
	Other	978,499	926,411	(52,088	)
	Total	17,187,308	17,322,753	135,445
Financial services	—	1,226,244	1,173,168	(53,076	)
	Housing	136,673	132,003	(4,670	)
Other	Telecommunications	44,288	45,477	1,189
	Other	356,460	320,287	(36,173	)
	Total	537,421	497,767	(39,654	)
Total		18,950,973	18,993,688	42,715

Note: The amounts represent net revenues from external customers.

TOYOTA MOTOR CORPORATION FY2011 Financial Summary
(Consolidated financial information has been prepared in accordance with accounting principles generally accepted in the United States of America)

5. Consolidated Financial Statements

(1) Consolidated Balance Sheets

(Amount: million yen)

	FY2010 (As of March 31, 2010)			FY2011 (As of March 31, 2011)			Increase (Decrease)
Assets
Current assets:
Cash and cash equivalents		1,865,746			2,080,709			214,963
Time deposits		392,724			203,874			(188,850	)
Marketable securities		1,793,165			1,225,435			(567,730	)
Trade accounts and notes receivable, less allowance for doubtful accounts of ¥13,735 million as of March 31, 2010 and ¥11,856 million as of March 31, 2011		1,886,273			1,449,151			(437,122	)
Finance receivables, net		4,209,496			4,136,805			(72,691	)
Other receivables		360,379			306,201			(54,178	)
Inventories		1,422,373			1,304,242			(118,131	)
Deferred income taxes		632,164			605,884			(26,280	)
Prepaid expenses and other current assets		511,284			517,454			6,170
Total current assets		13,073,604			11,829,755			(1,243,849	)
Noncurrent finance receivables, net		5,630,680			5,556,746			(73,934	)
Investments and other assets:
Marketable securities and other securities investments		2,256,279			3,571,187			1,314,908
Affiliated companies		1,879,320			1,827,331			(51,989	)
Employees receivables		67,506			62,158			(5,348	)
Other		730,997			661,829			(69,168	)
Total investments and other assets		4,934,102			6,122,505			1,188,403
Property, plant and equipment:
Land		1,261,349			1,237,620			(23,729	)
Buildings		3,693,972			3,635,605			(58,367	)
Machinery and equipment		9,298,967			8,947,350			(351,617	)
Vehicles and equipment on operating leases		2,613,248			2,491,946			(121,302	)
Construction in progress		226,212			298,828			72,616
Total property, plant and equipment, at cost		17,093,748			16,611,349			(482,399	)
Less – Accumulated depreciation		(10,382,847	)		(10,302,189	)		180,658
Total property, plant and equipment, net		6,710,901			6,309,160			(401,741	)
Total assets		30,349,287			29,818,166			(531,121	)

TOYOTA MOTOR CORPORATION FY2011 Financial Summary
(Consolidated financial information has been prepared in accordance with accounting principles generally accepted in the United States of America)

(Amount: million yen)

	FY2010 (As of March 31, 2010)			FY2011 (As of March 31, 2011)			Increase (Decrease)
Liabilities
Current liabilities:
Short-term borrowings		3,279,673			3,179,009			(100,664	)
Current portion of long-term debt		2,218,324			2,772,827			554,503
Accounts payable		1,956,505			1,503,072			(453,433	)
Other payables		572,450			579,326			6,876
Accrued expenses		1,735,930			1,773,233			37,303
Income taxes payable		153,387			112,801			(40,586	)
Other current liabilities		769,945			870,722			100,777
Total current liabilities		10,686,214			10,790,990			104,776
Long-term liabilities:
Long-term debt		7,015,409			6,449,220			(566,189	)
Accrued pension and severance costs		678,677			668,022			(10,655	)
Deferred income taxes		813,221			810,127			(3,094	)
Other long-term liabilities		225,323			179,783			(45,540	)
Total long-term liabilities		8,732,630			8,107,152			(625,478	)
Total liabilities		19,418,844			18,898,142			(520,702	)

Shareholders’ equity
Toyota Motor Corporation shareholders’ equity:
Common stock, no par value,		397,050			397,050			—
authorized: 10,000,000,000 shares as of March 31, 2010 and March 31, 2011
issued: 3,447,997,492 shares as of March 31, 2010 and March 31, 2011
Additional paid-in capital		501,331			505,760			4,429
Retained earnings		11,568,602			11,835,665			267,063
Accumulated other comprehensive income (loss)		(846,835	)		(1,144,721	)		(297,886	)
Treasury stock, at cost,		(1,260,425	)		(1,261,383	)		(958	)
312,002,149 shares as of March 31, 2010 and 312,298,805 shares as of March 31, 2011
Total Toyota Motor Corporation shareholders’ equity		10,359,723			10,332,371			(27,352	)
Noncontrolling interest		570,720			587,653			16,933
Total shareholders’ equity		10,930,443			10,920,024			(10,419	)
Commitments and contingencies
Total liabilities and shareholders’ equity		30,349,287			29,818,166			(531,121	)

TOYOTA MOTOR CORPORATION FY2011 Financial Summary
(Consolidated financial information has been prepared in accordance with accounting principles generally accepted in the United States of America)

(2) Consolidated Statements of Income

(Amount: million yen)

	FY2010 (For the year ended March 31, 2010)			FY2011 (For the year ended March 31, 2011)			Increase (Decrease)
Net revenues:
Sales of products		17,724,729			17,820,520			95,791
Financing operations		1,226,244			1,173,168			(53,076	)
Total net revenues		18,950,973			18,993,688			42,715
Costs and expenses:
Cost of products sold		15,971,496			15,985,783			14,287
Cost of financing operations		712,301			629,543			(82,758	)
Selling, general and administrative		2,119,660			1,910,083			(209,577	)
Total costs and expenses		18,803,457			18,525,409			(278,048	)
Operating income		147,516			468,279			320,763
Other income (expense):
Interest and dividend income		78,224			90,771			12,547
Interest expense		(33,409	)		(29,318	)		4,091
Foreign exchange gain, net		68,251			14,305			(53,946	)
Other income, net		30,886			19,253			(11,633	)
Total other income (expense)		143,952			95,011			(48,941	)
Income before income taxes and equity in earnings of affiliated companies		291,468			563,290			271,822
Provision for income taxes		92,664			312,821			220,157
Equity in earnings of affiliated companies		45,408			215,016			169,608
Net income		244,212			465,485			221,273
Less: Net income attributable to the noncontrolling interest		(34,756	)		(57,302	)		(22,546	)
Net income attributable to Toyota Motor Corporation		209,456			408,183			198,727

(Amount:yen)

Net income attributable to Toyota Motor Corporation per share
Basic	66.79	130.17	63.38
Diluted	66.79	130.16	63.37

TOYOTA MOTOR CORPORATION FY2011 Financial Summary
(Consolidated financial information has been prepared in accordance with accounting principles generally accepted in the United States of America)

(3) Consolidated Statements of Shareholders’ Equity

(Amount: million yen)

	FY2010 (For the year ended March 31, 2010)
	Common stock		Additional paid-in capital			Retained earnings			Accumulated other comprehensive income (loss)			Treasury stock, at cost			Total Toyota Motor Corporation shareholders’ equity			Noncontrolling interest			Total shareholders’ equity
Balances at March 31, 2009		397,050		501,211			11,531,622			(1,107,781	)		(1,260,895	)		10,061,207			539,530			10,600,737
Equity transaction with noncontrolling interests and other				(2,116	)											(2,116	)		(2,748	)		(4,864	)
Issuance during the year				2,236												2,236						2,236
Comprehensive income:
Net income							209,456									209,456			34,756			244,212
Other comprehensive income
Foreign currency translation adjustments										9,894						9,894			5,721			15,615
Unrealized gains on securities, net of reclassification adjustments										176,407						176,407			4,095			180,502
Pension liability adjustments										74,645						74,645			98			74,743
Total comprehensive income																470,402			44,670			515,072
Dividends paid to Toyota Motor Corporation shareholders							(172,476	)								(172,476	)					(172,476	)
Dividends paid to noncontrolling interests																			(10,732	)		(10,732	)
Purchase and reissuance of common stock													470			470						470
Balances at March 31, 2010		397,050		501,331			11,568,602			(846,835	)		(1,260,425	)		10,359,723			570,720			10,930,443

(Amount: million yen)

	FY2011 (For the year ended March 31, 2011)
	Common stock		Additional paid-in capital		Retained earnings			Accumulated other comprehensive income (loss)			Treasury stock, at cost			Total Toyota Motor Corporation shareholders’ equity			Noncontrolling interest			Total shareholders’ equity
Balances at March 31, 2010		397,050		501,331		11,568,602			(846,835	)		(1,260,425	)		10,359,723			570,720			10,930,443
Equity transaction with noncontrolling interests and other				2,310											2,310			5,183			7,493
Issuance during the year				2,119											2,119						2,119
Comprehensive income:
Net income						408,183									408,183			57,302			465,485
Other comprehensive income (loss)
Foreign currency translation adjustments									(287,613	)					(287,613	)		(11,965	)		(299,578	)
Unrealized losses on securities, net of reclassification adjustments									(26,058	)					(26,058	)		(1,599	)		(27,657	)
Pension liability adjustments									15,785						15,785			(4,331	)		11,454
Total comprehensive income															110,297			39,407			149,704
Dividends paid to Toyota Motor Corporation shareholders						(141,120	)								(141,120	)					(141,120	)
Dividends paid to noncontrolling interests																		(27,657	)		(27,657	)
Purchase and reissuance of common stock												(958	)		(958	)					(958	)
Balances at March 31, 2011		397,050		505,760		11,835,665			(1,144,721	)		(1,261,383	)		10,332,371			587,653			10,920,024

TOYOTA MOTOR CORPORATION FY2011 Financial Summary
(Consolidated financial information has been prepared in accordance with accounting principles generally accepted in the United States of America)

(4) Consolidated Statements of Cash Flows

(Amount: million yen)

	FY2010 (For the year ended March 31, 2010)			FY2011 (For the year ended March 31, 2011)
Cash flows from operating activities:
Net income		244,212			465,485
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation		1,414,569			1,175,573
Provision for doubtful accounts and credit losses		100,775			4,140
Pension and severance costs, less payments		1,254			(23,414	)
Losses on disposal of fixed assets		46,937			36,214
Unrealized losses on available-for-sale securities, net		2,486			7,915
Deferred income taxes		25,537			85,710
Equity in earnings of affiliated companies		(45,408	)		(215,016	)
Changes in operating assets and liabilities, and other		768,168			487,402
Net cash provided by operating activities		2,558,530			2,024,009
Cash flows from investing activities:
Additions to finance receivables		(7,806,201	)		(8,438,785	)
Collection of and proceeds from sales of finance receivables		7,517,968			8,003,940
Additions to fixed assets excluding equipment leased to others		(604,536	)		(629,326	)
Additions to equipment leased to others		(833,065	)		(1,061,865	)
Proceeds from sales of fixed assets excluding equipment leased to others		52,473			51,342
Proceeds from sales of equipment leased to others		465,092			486,695
Purchases of marketable securities and security investments		(2,412,182	)		(4,421,807	)
Proceeds from sales of and maturity of marketable securities and security investments		1,108,741			3,716,156
Payment for additional investments in affiliated companies, net of cash acquired		(1,020	)		(299	)
Changes in investments and other assets, and other		(337,454	)		177,605
Net cash used in investing activities		(2,850,184	)		(2,116,344	)
Cash flows from financing activities:
Proceeds from issuance of long-term debt		3,178,310			2,931,436
Payments of long-term debt		(2,938,202	)		(2,489,632	)
Increase (decrease) in short-term borrowings		(335,363	)		162,260
Dividends paid		(172,476	)		(141,120	)
Purchase of common stock, and other		(10,251	)		(28,617	)
Net cash provided by (used in) financing activities		(277,982	)		434,327
Effect of exchange rate changes on cash and cash equivalents		(8,898	)		(127,029	)
Net increase (decrease) in cash and cash equivalents		(578,534	)		214,963
Cash and cash equivalents at beginning of year		2,444,280			1,865,746
Cash and cash equivalents at end of year		1,865,746			2,080,709

Note:

In the Consolidated Statements of Cash Flows, cash and cash equivalents include cash on hand, bank deposits that can be withdrawn at any time and short-term investments that can be converted into cash at any time and carry minimal risk of change in value.

(5) Events and Conditions which Indicate there could be Substantial Doubt about Going Concern Assumption

None

TOYOTA MOTOR CORPORATION FY2011 Financial Summary
(Consolidated financial information has been prepared in accordance with accounting principles generally accepted in the United States of America)

(6) Summary of Significant Accounting Policies

“Summary of significant accounting policies” has been omitted, as there were no significant changes from the most recent Securities Report (filed on June 25, 2010). Changes in accounting principles, procedures, and disclosures for consolidated financial statements by newly issued accounting pronouncements are set forth below.

In June 2009, the Financial Accounting Standards Board (“FASB”) issued updated guidance of accounting for and disclosure of transfers and servicing. This guidance eliminates the concept of a qualifying special-purpose entity, changes the requirements for derecognizing financial assets, and requires additional disclosures about transfers of financial assets. Toyota and its consolidated subsidiaries (“Toyota”) adopted this guidance from the interim period within the fiscal year begun after November 15, 2009. The adoption of this guidance did not have a material impact on Toyota’s consolidated financial statements.

In June 2009, FASB issued updated guidance of accounting for and disclosure of consolidation. This guidance changes how a company determines when a variable interest entity should be consolidated. Toyota adopted this guidance from fiscal year begun after November 15, 2009. The adoption of this guidance did not have a material impact on Toyota’s consolidated financial statements.

In July 2010, FASB issued updated disclosure guidance on receivables. This guidance requires additional disclosures about the credit quality of financing receivables and the allowance for credit losses. Toyota adopted this guidance from the fiscal year ended March 31, 2011. The adoption of this guidance did not have a material impact on Toyota’s consolidated financial statements.

TOYOTA MOTOR CORPORATION FY2011 Financial Summary
(Consolidated financial information has been prepared in accordance with accounting principles generally accepted in the United States of America)

(7) Segment Information

(i) Segment Operating Results and Assets

FY2010 (As of and for the year ended March 31, 2010)

(Amount: million yen)

	Automotive			Financial Services		All Other			Inter-segment Elimination and/or Unallocated Amount			Consolidated
Net revenues:
Sales to external customers		17,187,308			1,226,244		537,421			—			18,950,973
Inter-segment sales and transfers		10,120			19,163		410,194			(439,477	)		—
Total		17,197,428			1,245,407		947,615			(439,477	)		18,950,973
Operating expenses		17,283,798			998,480		956,475			(435,296	)		18,803,457
Operating income (loss)		(86,370	)		246,927		(8,860	)		(4,181	)		147,516
Assets		12,359,404			13,274,953		1,119,635			3,595,295			30,349,287
Investment in equity method investees		1,692,702			129,745		—			44,993			1,867,440
Depreciation expenses		1,018,935			348,820		46,814			—			1,414,569
Capital expenditure		616,216			774,102		21,751			25,532			1,437,601

FY2011 (As of and for the year ended March 31, 2011)

(Amount: million yen)

	Automotive		Financial Services		All Other		Inter-segment Elimination and/or Unallocated Amount			Consolidated
Net revenues:
Sales to external customers		17,322,753		1,173,168		497,767		—			18,993,688
Inter-segment sales and transfers		14,567		19,037		474,485		(508,089	)		—
Total		17,337,320		1,192,205		972,252		(508,089	)		18,993,688
Operating expenses		17,251,347		833,925		937,010		(496,873	)		18,525,409
Operating income		85,973		358,280		35,242		(11,216	)		468,279
Assets		11,341,558		13,365,394		1,146,720		3,964,494			29,818,166
Investment in equity method investees		1,784,539		3,519		3,045		26,885			1,817,988
Depreciation expenses		819,075		330,865		25,633		—			1,175,573
Capital expenditure		691,867		991,330		21,058		(13,064	)		1,691,191

Note:

Unallocated corporate assets included under “Inter-segment Elimination and/or Unallocated Amount” for FY2010 and FY2011 are 4,205,402 million yen and 4,613,672 million yen, respectively, and consist primarily of funds such as cash and cash equivalents, marketable securities and portion of security investments held by TMC.

TOYOTA MOTOR CORPORATION FY2011 Financial Summary
(Consolidated financial information has been prepared in accordance with accounting principles generally accepted in the United States of America)

(ii) Geographic Information

FY2010 (As of and for the year ended March 31, 2010)

(Amount: million yen)

	Japan			North America		Europe			Asia		Other		Inter-segment Elimination and/or Unallocated Amount			Consolidated
Net revenues:
Sales to external customers		7,314,813			5,583,228		2,082,671			2,431,648		1,538,613		—			18,950,973
Inter-segment sales and transfers		3,905,490			87,298		64,378			223,679		135,248		(4,416,093	)		—
Total		11,220,303			5,670,526		2,147,049			2,655,327		1,673,861		(4,416,093	)		18,950,973
Operating expenses		11,445,545			5,585,036		2,180,004			2,451,800		1,558,287		(4,417,215	)		18,803,457
Operating income (loss)		(225,242	)		85,490		(32,955	)		203,527		115,574		1,122			147,516
Assets		12,465,677			10,223,903		2,060,962			1,925,126		1,803,703		1,869,916			30,349,287

FY2011 (As of and for the year ended March 31, 2011)

(Amount: million yen)

	Japan			North America		Europe		Asia		Other		Inter-segment Elimination and/or Unallocated Amount			Consolidated
Net revenues:
Sales to external customers		6,966,929			5,327,809		1,920,416		3,138,112		1,640,422		—			18,993,688
Inter-segment sales and transfers		4,019,317			101,327		61,081		236,422		168,694		(4,586,841	)		—
Total		10,986,246			5,429,136		1,981,497		3,374,534		1,809,116		(4,586,841	)		18,993,688
Operating expenses		11,348,642			5,089,633		1,968,349		3,061,557		1,648,987		(4,591,759	)		18,525,409
Operating income (loss)		(362,396	)		339,503		13,148		312,977		160,129		4,918			468,279
Assets		11,285,864			9,910,828		1,931,231		2,138,499		2,044,379		2,507,365			29,818,166

Note:

”Other” consists of Central and South America, Oceania and Africa.

TOYOTA MOTOR CORPORATION FY2011 Financial Summary
(Consolidated financial information has been prepared in accordance with accounting principles generally accepted in the United States of America)

(iii) Overseas Sales

FY2010 (For the year ended March 31, 2010)

(Amount: million yen)

	North America		Europe		Asia		Other		Total
Overseas sales		5,718,381		2,023,280		2,641,471		2,838,671		13,221,803
Consolidated sales		—		—		—		—		18,950,973
Ratio of overseas sales	%		%		%		%		%
to consolidated sales		30.2		10.7		13.9		15.0		69.8

FY2011 (For the year ended March 31, 2011)

(Amount: million yen)

	North America		Europe		Asia		Other		Total
Overseas sales		5,398,278		1,793,932		3,280,384		3,196,114		13,668,708
Consolidated sales		—		—		—		—		18,993,688
Ratio of overseas sales	%		%		%		%		%
to consolidated sales		28.4		9.5		17.3		16.8		72.0

Note:

“Other” consists of Central and South America, Oceania, Africa and the Middle East, etc.

TOYOTA MOTOR CORPORATION FY2011 Financial Summary
(Unconsolidated financial information has been prepared in accordance with accounting principles generally accepted in Japan)

6. Unconsolidated Financial Statements

(1) Balance Sheets

(Amount: million yen)

	FY2010 (As of March 31, 2010)			FY2011 (As of March 31, 2011)
Assets
Current assets
Cash and deposits		43,181			40,926
Trade accounts receivable		1,108,417			596,450
Marketable securities		2,177,316			1,302,090
Finished goods		120,817			56,182
Work in process		72,720			72,062
Raw materials and supplies		59,653			100,037
Income taxes receivable		5,255			20,112
Short-term loans		383,137			298,794
Deferred tax assets		318,318			369,359
Others		546,986			287,622
Less: allowance for doubtful accounts		(1,700	)		(900	)
Total current assets		4,834,106			3,142,738
Fixed assets
Property, plant and equipment
Buildings, net		412,666			380,605
Structures, net		46,802			43,237
Machinery and equipment, net		291,059			229,189
Vehicle and delivery equipment, net		18,948			18,328
Tools, furniture and fixtures, net		76,076			65,233
Land		399,664			379,990
Construction in progress		93,159			83,873
Total property, plant and equipment		1,338,377			1,200,458
Investments and other assets
Investments in securities		1,529,014			2,721,813
Investments in subsidiaries and affiliates		1,911,791			1,889,205
Long-term loans		460,362			322,276
Deferred tax assets		128,684			197,245
Others		170,239			141,025
Less: allowance for doubtful accounts		(21,800	)		(21,600	)
Total investments and other assets		4,178,292			5,249,966
Total fixed assets		5,516,670			6,450,425
Total assets		10,350,776			9,593,164

TOYOTA MOTOR CORPORATION FY2011 Financial Summary
(Unconsolidated financial information has been prepared in accordance with accounting principles generally accepted in Japan)

(Amount: million yen)

	FY2010 (As of March 31, 2010)			FY2011 (As of March 31, 2011)
Liabilities
Current liabilities
Trade notes payable		894			674
Trade accounts payable		1,023,947			390,907
Short-term borrowings		—			10,000
Current portion of long-term borrowings		150,000			163,800
Current portion of bonds		50,000			—
Other payables		297,681			308,458
Accrued expenses		634,221			741,604
Deposits received		352,914			449,748
Others		25,540			29,845
Total current liabilities		2,535,200			2,095,039
Long-term liabilities
Bonds		530,000			530,000
Long-term borrowings		363,185			145,147
Allowance for retirement benefits		270,635			269,541
Others		14,063			15,037
Total long-term liabilities		1,177,884			959,725
Total liabilities		3,713,084			3,054,765
Net assets
Shareholders’ equity
Common stock		397,049			397,049
Capital surplus
Capital reserve		416,970			416,970
Other capital surplus		1,132			1,132
Total capital surplus		418,103			418,103
Retained earnings
Legal reserve		99,454			99,454
Other retained earnings
Reserve for losses on overseas investments		12			—
Reserve for special depreciation		1,791			1,194
Reserve for reduction of acquisition cost of fixed assets		8,462			8,956
General reserve		6,340,926			6,340,926
Retained earnings carried forward		405,130			316,890
Total retained earnings		6,855,777			6,767,422
Less: treasury stock		(1,278,708	)		(1,279,668	)
Total shareholders’ equity		6,392,222			6,302,907
Valuation and translation adjustments
Net unrealized gains on other securities		236,133			224,485
Deferred hedge gains or losses		186			—
Total valuation and translation adjustments		236,319			224,485
Stock acquisition rights		9,149			11,006
Total net assets		6,637,692			6,538,399
Total liabilities and net assets		10,350,776			9,593,164

TOYOTA MOTOR CORPORATION FY2011 Financial Summary
(Unconsolidated financial information has been prepared in accordance with accounting principles generally accepted in Japan)

(2) Statement of Income

(Amount: million yen)

	FY2010 (April 1, 2009 through March 31, 2010)			FY2011 (April 1, 2010 through March 31, 2011)
Net revenues		8,597,872			8,242,830
Cost of sales		7,866,781			7,601,036
Gross profit		731,090			641,794
Selling, general and administrative expenses		1,059,151			1,122,733
Operating loss		(328,061	)		(480,938	)
Non-operating income
Interest income		40,326			31,262
Dividend income		242,562			331,293
Others		111,856			160,760
Total non-operating income		394,745			523,316
Non-operating expenses
Interest expenses		14,839			15,138
Others		128,966			74,251
Total non-operating expenses		143,805			89,390
Ordinary loss		(77,120	)		(47,012	)
Loss before income taxes		(77,120	)		(47,012	)
Income taxes – current		(3,600	)		16,500
Income taxes – deferred		(99,708	)		(116,277	)
Total income taxes		(103,308	)		(99,777	)
Net income		26,188			52,764

TOYOTA MOTOR CORPORATION FY2011 Financial Summary
(Unconsolidated financial information has been prepared in accordance with accounting principles generally accepted in Japan)

(3) Changes in net assets

(Amount: million yen)

	FY2010 (April 1, 2009 through March 31, 2010)			FY2011 (April 1, 2010 through March 31, 2011)
Shareholders’ equity
Common stock
Balance at the end of previous period		397,049			397,049
Balance at the end of current period		397,049			397,049
Capital surplus
Capital reserve
Balance at the end of previous period		416,970			416,970
Balance at the end of current period		416,970			416,970
Other capital surplus
Balance at the end of previous period		1,287			1,132
Changes of items during the period
Reissuance of common stock		(155	)		—
Total changes of items during the period		(155	)		—
Balance at the end of current period		1,132			1,132
Total capital surplus
Balance at the end of previous period		418,258			418,103
Changes of items during the period
Reissuance of common stock		(155	)		—
Total changes of items during the period		(155	)		—
Balance at the end of current period		418,103			418,103
Retained earnings
Legal reserve
Balance at the end of previous period		99,454			99,454
Balance at the end of current period		99,454			99,454
Other retained earnings
Reserve for losses on overseas investments
Balance at the end of previous period		25			12
Changes of items during the period
Reversal of reserve for losses on overseas investments		(12	)		(12	)
Total changes of items during the period		(12	)		(12	)
Balance at the end of current period		12			—
Reserve for special depreciation
Balance at the end of previous period		2,573			1,791
Changes of items during the period
Appropriation to reserve for special depreciation		379			188
Reversal of reserve for special depreciation		(1,160	)		(786	)
Total changes of items during the period		(781	)		(597	)
Balance at the end of current period		1,791			1,194

TOYOTA MOTOR CORPORATION FY2011 Financial Summary
(Unconsolidated financial information has been prepared in accordance with accounting principles generally accepted in Japan)

(Amount: million yen)

	FY2010 (April 1, 2009 through March 31, 2010)			FY2011 (April 1, 2010 through March 31, 2011)
Reserve for reduction of acquisition cost of fixed assets
Balance at the end of previous period		8,451			8,462
Changes of items during the period
Appropriation to reserve for reduction of acquisition cost of fixed assets		30			516
Reversal of reserve for reduction of acquisition cost of fixed assets		(19	)		(21	)
Total changes of items during the period		11			494
Balance at the end of current period		8,462			8,956
General reserve
Balance at the end of previous period		6,340,926			6,340,926
Balance at the end of current period		6,340,926			6,340,926
Retained earnings carried forward
Balance at the end of previous period		550,634			405,130
Changes of items during the period
Reversal of reserve for losses on overseas investments		12			12
Appropriation to reserve for special depreciation		(379	)		(188	)
Reversal of reserve for special depreciation		1,160			786
Appropriation to reserve for reduction of acquisition cost of fixed assets		(30	)		(516	)
Reversal of reserve for reduction of acquisition cost of fixed assets		19			21
Dividends paid		(172,476	)		(141,119	)
Net income		26,188			52,764
Total changes of items during the period		(145,504	)		(88,239	)
Balance at the end of current period		405,130			316,890
Total retained earnings
Balance at the end of previous period		7,002,065			6,855,777
Changes of items during the period
Reversal of reserve for losses on overseas investments		—			—
Appropriation to reserve for special depreciation		—			—
Reversal of reserve for special depreciation		—			—
Appropriation to reserve for reduction of acquisition cost of fixed assets		—			—
Reversal of reserve for reduction of acquisition cost of fixed assets		—			—
Dividends paid		(172,476	)		(141,119	)
Net income		26,188			52,764
Total changes of items during the period		(146,287	)		(88,355	)
Balance at the end of current period		6,855,777			6,767,422
Treasury stock
Balance at the end of previous period		(1,279,189	)		(1,278,708	)
Changes of items during the period
Purchase of common stock		(165	)		(960	)
Reissuance of common stock		646			—
Total changes of items during the period		481			(960	)
Balance at the end of current period		(1,278,708	)		(1,279,668	)

TOYOTA MOTOR CORPORATION FY2011 Financial Summary
(Unconsolidated financial information has been prepared in accordance with accounting principles generally accepted in Japan)

(Amount: million yen)

	FY2010 (April 1, 2009 through March 31, 2010)			FY2011 (April 1, 2010 through March 31, 2011)
Total shareholders’ equity
Balance at the end of previous period		6,538,184			6,392,222
Changes of items during the period
Dividends paid		(172,476	)		(141,119	)
Net income		26,188			52,764
Purchase of common stock		(165	)		(960	)
Reissuance of common stock		491			—
Total changes of items during the period		(145,961	)		(89,315	)
Balance at the end of current period		6,392,222			6,302,907
Valuation and translation adjustments
Net unrealized gains on other securities
Balance at the end of previous period		106,158			236,133
Changes of items during the period
Net changes of items other than shareholders’ equity		129,974			(11,648	)
Total changes of items during the period		129,974			(11,648	)
Balance at the end of current period		236,133			224,485
Deferred hedge gains or losses
Balance at the end of previous period		517			186
Changes of items during the period
Net changes of items other than shareholders’ equity		(331	)		(186	)
Total changes of items during the period		(331	)		(186	)
Balance at the end of current period		186			—
Total valuation and translation adjustments
Balance at the end of previous period		106,676			236,319
Changes of items during the period
Net changes of items other than shareholders’ equity		129,643			(11,834	)
Total changes of items during the period		129,643			(11,834	)
Balance at the end of current period		236,319			224,485
Stock acquisition rights
Balance at the end of previous period		7,055			9,149
Changes of items during the period
Net changes of items other than shareholders’ equity		2,093			1,857
Total changes of items during the period		2,093			1,857
Balance at the end of current period		9,149			11,006
Total net assets
Balance at the end of previous period		6,651,917			6,637,692
Changes of items during the period
Dividends paid		(172,476	)		(141,119	)
Net income		26,188			52,764
Purchase of common stock		(165	)		(960	)
Reissuance of common stock		491			—
Net changes of items other than shareholders’ equity		131,736			(9,977	)
Total changes of items during the period		(14,224	)		(99,292	)
Balance at the end of current period		6,637,692			6,538,399

TOYOTA MOTOR CORPORATION FY2011 Financial Summary
(Unconsolidated financial information has been prepared in accordance with accounting principles generally accepted in Japan)

(4) Events and Conditions which Indicate there could be Substantial Doubt about Going Concern Assumption

None