FINANCIAL SUMMARY

FY2013

(April 1, 2012 through March 31, 2013)

English translation from the original Japanese-language document

TOYOTA MOTOR CORPORATION

            FY2013 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 8, 2013

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 Representative	: :	http://www.toyota.co.jp Akio Toyoda, President
Contact person	:	Tetsuya Otake, Managing Officer Tel. (0565)28-2121
Date of the ordinary general shareholders’ meeting	:	June 14, 2013
Payment date of cash dividends	:	June 17, 2013
Filing date of financial statements	:	June 24, 2013
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 FY2013 (April 1, 2012 through March 31, 2013)

(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		%
FY2013		22,064,192		18.7		1,320,888		271.4		1,403,649		224.3		962,163		239.3
FY2012		18,583,653		-2.2		355,627		-24.1		432,873		-23.2		283,559		-30.5

Note:  Comprehensive income    FY2013    1,934,156 million yen (466.0%),    FY2012    341,694 million yen (128.2%)

	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		%		%		%
FY2013		303.82		303.78		8.5		4.2		6.0
FY2012		90.21		90.20		2.7		1.4		1.9

Reference:  Equity in earnings of affiliated companies    FY2013    231,519 million yen,    FY2012    197,701 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
FY2013		35,483,317		12,772,856		12,148,035		34.2		3,835.30
FY2012		30,650,965		11,066,478		10,550,261		34.4		3,331.51

(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
FY2013		2,451,316		-3,027,312		477,242		1,718,297
FY2012		1,452,435		-1,442,658		-355,347		1,679,200

2. Cash dividends

	Annual cash dividends per 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		Annual
	Yen		Yen		Yen		Yen		Yen		Million Yen		%		%
FY2012		—		20.00		—		30.00		50.00		157,718		55.6		1.5
FY2013		—		30.00		—		60.00		90.00		285,050		29.6		2.5
FY2014 (forecast)		—		—		—		—		—				—

3. Forecast of consolidated results for FY2014 (April 1, 2013 through March 31, 2014)

	(% of change from FY2013)
	Net revenues				Operating income				Income before income taxes and equity in earnings of affiliated companies				Net income attributable to Toyota Motor Corporation				Net income attributable to Toyota Motor Corporation per share – Basic
	Million yen		%		Million yen		%		Million yen		%		Million yen		%		Yen
FY2014		23,500,000		6.5		1,800,000		36.3		1,890,000		34.6		1,370,000		42.4		432.53

Notes

(1) Changes in significant subsidiaries during FY2013

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

(2) Changes in accounting principles, procedures, and disclosures during FY2013

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

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

Note: For more details, please see page 15 “(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):

FY2013    3,447,997,492 shares, FY2012    3,447,997,492 shares

(ii) Number of treasury stock at the end of each fiscal year: FY2013    280,568,824 shares, FY2012    281,187,739 shares

(iii) Average number of shares issued and outstanding in each fiscal year: FY2013    3,166,908,832 shares, FY2012    3,143,470,129 shares

Reference: Overview of the Unconsolidated Financial Results

FY2013 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 FY2013 (April 1, 2012 through March 31, 2013)

(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		%
FY2013		9,755,964		18.4		242,133		—		856,185		—		697,760		—
FY2012		8,241,176		-0.0		-439,805		—		23,098		—		35,844		-32.1
	Net income per share – Basic				Net income per share – Diluted
	Yen				Yen
FY2013		220.33				220.31
FY2012		11.40				11.40
(2)    Unconsolidated financial position
	Total assets				Net assets				Equity ratio				Net assets per share
	Million yen				Million yen				%				Yen
FY2013		11,234,794				7,446,372				66.2				2,347.91
FY2012		10,612,765				6,634,666				62.4				2,091.65

Reference: Equity at the end of FY2013: 7,436,846 million yen, Equity at the end of FY2012: 6,623,868 million yen

2. Forecast of unconsolidated results for FY2014 (April 1, 2013 through March 31, 2014)

	(% of change from FY2013)
	Net revenues				Operating income				Ordinary income				Net income				Net income per share – Basic
	Million yen		%		Million yen		%		Million yen		%		Million yen		%		Yen
FY2014		9,800,000		0.5		600,000		147.8		1,210,000		41.3		990,000		41.9		312.56

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 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) the impact of natural calamities including the negative effect on Toyota’s vehicle production and sales; (ii) 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; (iii) 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, and interest rates fluctuations; (iv) changes in funding environment in financial markets and increased competition in the financial services industry; (v) Toyota’s ability to market and distribute effectively; (vi) Toyota’s ability to realize production efficiencies and to implement capital expenditures at the levels and times planned by management; (vii) 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; (viii) political and economic instability in the markets in which Toyota operates; (ix) Toyota’s ability to timely develop and achieve market acceptance of new products that meet customer demand; (x) any damage to Toyota’s brand image; (xi) Toyota’s reliance on various suppliers for the provision of supplies; (xii) increases in prices of raw materials; (xiii) Toyota’s reliance on various digital and information technologies; and (xiv) 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.

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.

TABLE OF CONTENTS

1.  Financial Results and Position	2
(1) Consolidated Financial Results for FY2013	2
(2) Consolidated Financial Position for FY2013	4
(3) Basic Policy on the Distribution of Profits and the Distribution of Profits for FY2013	4
(4) Forecast of Consolidated Financial Results for FY2014	5
2.  Management Policy	6
(1) Toyota’s Basic Management Policy	6
(2) Medium- and Long-term Management Strategy	6
3.  Consolidated Production and Sales	7
(1) Production	7
(2) Sales (by destination)	7
4.  Breakdown of Consolidated Net Revenues	8
5.  Consolidated Financial Statements	9
(1) Consolidated Balance Sheets	9
(2) Consolidated Statements of Income and  Consolidated Statements of Comprehensive Income	11
(3) Consolidated Statements of Shareholders’ Equity	13
(4) Consolidated Statements of Cash Flows	14
(5) Going Concern Assumption	14
(6) Summary of Significant Accounting Policies	15
(7) Segment Information	16
6.  Unconsolidated Financial Statements	24
(1) Balance Sheets	24
(2) Statements of Income	26
(3) Changes in Net Assets	27
(4) Going Concern Assumption	29

1

TOYOTA MOTOR CORPORATION    FY2013 Financial Summary

(Consolidated financial information has been prepared in accordance with accounting principles generally accepted in the United States of America)

1. Financial Results and Position

(1) Consolidated Financial Results for FY2013

Financial Results

Reviewing FY2013, the world economy has seen ongoing gradual recovery in the U.S. mainly due to increasing personal consumption. Meanwhile, the European economy has continued to move sluggishly mainly due to the sovereign debt crisis, and the pace of economic expansion in emerging countries has slowed down. The Japanese economy is gradually showing movements of picking up, while weakness can be seen in some areas.

For the automobile industry, markets have progressed in a steady manner, especially in the U.S. and emerging countries such as Asia. The demand for products with advanced green technology has remained strong throughout all markets worldwide.

Under these conditions, consolidated vehicle sales in Japan and overseas increased by 1,519 thousand units, or 20.7%, to 8,871 thousand units in FY2013 compared with FY2012 (April 1, 2011 through March 31, 2012). Vehicle sales in Japan increased by 208 thousand units, or 10.0%, to 2,279 thousand units in FY2013 compared with FY2012, primarily as a result of the active introduction of new products and the efforts of dealers nationwide. Toyota and Lexus brands’ market share excluding mini-vehicles was 48.4%, representing a record high, and market share (including Daihatsu and Hino brands) including mini-vehicles remained at a high level of 44.3% following FY2012. Meanwhile, overseas vehicle sales increased by 1,311 thousand units, or 24.8%, to 6,592 thousand units in FY2013 compared with FY2012, because of the sales expansion in every region.

As for the results of operations, net revenues increased by 3,480.5 billion yen, or 18.7%, to 22,064.1 billion yen in FY2013 compared with FY2012, and operating income increased by 965.2 billion yen, or 271.4%, to 1,320.8 billion yen in FY2013 compared with FY2012. Among the factors contributing to an increase in operating income were the effects of marketing efforts of 650.0 billion yen, cost reduction efforts of 450.0 billion yen, the effects of changes in exchange rates of 150.0 billion yen, and other factors of 15.2 billion yen. On the other hand, factors contributing to a decrease in operating income primarily included an increase in expense of 300.0 billion yen. Income before income taxes and equity in earnings of affiliated companies increased by 970.7 billion yen, or 224.3%, to 1,403.6 billion yen in FY2013 compared with FY2012. Net income attributable to Toyota Motor Corporation increased by 678.6 billion yen, or 239.3%, to 962.1 billion yen in FY2013 compared with FY2012.

2

TOYOTA MOTOR CORPORATION    FY2013 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 3,424.5 billion yen, or 20.2%, to 20,419.1 billion yen in FY2013 compared with FY2012, and operating income increased by 923.0 billion yen to 944.7 billion yen in FY2013 compared with FY2012. The increase in operating income was mainly due to increases in both production volume and vehicle unit sales and cost reduction efforts.

(ii) Financial services:

Net revenues for the financial services operations increased by 70.3 billion yen, or 6.4%, to 1,170.6 billion yen in FY2013 compared with FY2012, and operating income increased by 9.3 billion yen, or 3.1%, to 315.8 billion yen in FY2013 compared with FY2012. The increase in operating income was mainly due to increases in financing volume.

(iii) All other:

Net revenues for all other businesses increased by 17.5 billion yen, or 1.7%, to 1,066.4 billion yen in FY2013 compared with FY2012, and operating income increased by 11.5 billion yen, or 27.5%, to 53.6 billion yen in FY2013 compared with FY2012.

Geographic Information

(i) Japan:

Net revenues in Japan increased by 1,653.6 billion yen, or 14.8%, to 12,821.0 billion yen in FY2013 compared with FY2012, and operating income increased by 783.3 billion yen to 576.3 billion yen in FY2013 compared with FY2012. The increase in operating income was mainly due to increases in both production volume and vehicle unit sales, cost reduction efforts and the effects of changes in exchange rates.

(ii) North America:

Net revenues in North America increased by 1,532.5 billion yen, or 32.3%, to 6,284.4 billion yen in FY2013 compared with FY2012, and operating income increased by 35.5 billion yen, or 19.1%, to 221.9 billion yen in FY2013 compared with FY2012. The increase in operating income was mainly due to increases in both production volume and vehicle unit sales and cost reduction efforts.

(iii) Europe:

Net revenues in Europe increased by 89.1 billion yen, or 4.5%, to 2,083.1 billion yen in FY2013 compared with FY2012, and operating income increased by 8.6 billion yen, or 48.7%, to 26.4 billion yen in FY2013 compared with FY2012.

(iv) Asia:

Net revenues in Asia increased by 1,051.2 billion yen, or 31.5%, to 4,385.4 billion yen in FY2013 compared with FY2012, and operating income increased by 119.2 billion yen, or 46.4%, to 376.0 billion yen in FY2013 compared with FY2012. 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 334.0 billion yen, or 19.0%, to 2,094.2 billion yen in FY2013 compared with FY2012, and operating income increased by 24.9 billion yen, or 22.9%, to 133.7 billion yen in FY2013 compared with FY2012. The increase in operating income was mainly due to increases in both production volume and vehicle unit sales.

3

TOYOTA MOTOR CORPORATION    FY2013 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 FY2013

Cash flows from operating activities resulted in an increase in cash by 2,451.3 billion yen in FY2013. Net cash provided by operating activities increased by 998.8 billion yen from 1,452.4 billion yen in FY2012. Cash flows from investing activities resulted in a decrease in cash by 3,027.3 billion yen in FY2013. Net cash used in investing activities increased by 1,584.6 billion yen from 1,442.6 billion yen in FY2012. Cash flows from financing activities resulted in an increase in cash by 477.2 billion yen in FY2013. Net cash provided by financing activities increased by 832.5 billion yen compared with 355.3 billion yen net cash used in FY2012. After taking into account the effect of changes in exchange rates, cash and cash equivalents increased by 39.0 billion yen, or 2.3%, to 1,718.2 billion yen at the end of FY2013 compared with the end of FY2012.

Regarding the consolidated cash flows by segment for FY2013, in non-financial services business, net cash provided by operating activities was 1,996.2 billion yen, net cash used in investing activities was 1,524.0 billion yen and net cash used in financing activities was 542.1 billion yen. Meanwhile, in the financial services business, net cash provided by operating activities was 667.0 billion yen, net cash used in investing activities was 1,758.2 billion yen and net cash provided by financing activities was 1,062.3 billion yen.

(3) Basic Policy on the Distribution of Profits and the Distribution of Profits for FY2013

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 with a consolidated dividend payout ratio of 30% 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 FY2013, TMC plans to propose a year-end dividend of 60 yen per share, and an annual dividend of 90 yen per share, combined with the interim dividend of 30 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 109th 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 FY2013, TMC did not repurchase its own shares, excluding shares constituting less than one unit that were purchased by TMC upon request.

4

TOYOTA MOTOR CORPORATION    FY2013 Financial Summary

(Consolidated financial information has been prepared in accordance with accounting principles generally accepted in the United States of America)

(4) Forecast of Consolidated Financial Results for FY2014

As for our future business environment, the world economy is expected to benefit from ongoing moderate recovery in the U.S. and a pickup in the pace of economic expansion in emerging countries. Europe, meanwhile, still faces the risk of economic stagnation due to the sovereign debt crisis and other factors, though a gradual bottoming out is anticipated. The Japanese economy is expected to move gradually towards recovery supported by the effect of the policy package and monetary policy. However, slowing down of overseas economies is still downside risk of the Japanese economy. The automotive market is expected to see recovery in the U.S. and expansion in emerging countries. However, amid the change in market structure, as seen in the expansion and diversification of demand for eco-cars backed by rising environmental consciousness, fierce competition exists on a global scale.

Under these circumstances, the current forecast of consolidated financial results for the next fiscal year ending March 31, 2014 is set forth below. This forecast assumes average exchange rates through the fiscal year of 90 yen per US$1 and 120 yen per 1 euro.

Forecast of consolidated results for FY2014

Net revenues	23,500.0 billion yen	(an increase of 6.5% compared with FY2013)
Operating income	1,800.0 billion yen	(an increase of 36.3% compared with FY2013)
Income before income taxes and equity in earnings of affiliated companies	1,890.0 billion yen	(an increase of 34.6% compared with FY2013)
Net income attributable to Toyota Motor Corporation	1,370.0 billion yen	(an increase of 42.4% compared with FY2013)

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) the impact of natural calamities including the negative effect on Toyota’s vehicle production and sales; (ii) 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; (iii) 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, and interest rates; (iv) changes in funding environment in financial markets and increased competition in the financial services industry; (v) Toyota’s ability to market and distribute effectively; (vi) Toyota’s ability to realize production efficiencies and to implement capital expenditures at the levels and times planned by management; (vii) 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; (viii) political and economic instability in the markets in which Toyota operates; (ix) Toyota’s ability to timely develop and achieve market acceptance of new products that meet customer demand; (x) any damage to Toyota’s brand image; (xi) Toyota’s reliance on various suppliers for the provision of supplies; (xii) increases in prices of raw materials; (xiii) Toyota’s reliance on various digital and information technologies; and (xiv) 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.

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.

5

TOYOTA MOTOR CORPORATION    FY2013 Financial Summary

(Consolidated financial information has been prepared in accordance with accounting principles generally accepted in the United States of America)

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, 2012 (released on May 9, 2012).

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 information page):

http://www.tse.or.jp/english/listing/index.html

(2) Medium- and Long-term Management Strategy

The Toyota group as a whole is responding to changes flexibly and is progressing steadily toward the realization of the Toyota Global Vision announced in March 2011. We will continue to review the structure for realizing sustainable growth and achieving competitiveness, and the Toyota group as a whole will make greater efforts to address the following:

First, we will further promote the “Toyota New Global Architecture,” the way we will fundamentally reconsider work procedures, in order to launch attractive products globally and in a timely manner. For the Toyota brand, we intend to plan and develop overwhelmingly competitive next-generation cars in advanced countries, and to develop and introduce good products at affordable price that are trusted by customers in various usage environments in emerging countries. For the Lexus brand, we intend to establish the image as a global premium brand that hails from Japan. Furthermore, we intend to bring competitive units promptly.

Second, we intend to flexibly overcome business and management environmental changes. We will promote new business such as environmental and energy solutions that will lead the next generation and make strategic preparations for future business activities in next emerging countries. To better implement these efforts, we intend to improve the foundations for speedy decision-making and encourage appropriate control of fixed costs.

Third, we intend to proceed with constant activities toward the achievement of sustainable growth. In addition to pursuing quality improvement, we intend to further strengthen our innovative cost-reduction and profit-improvement activities throughout the company and promote further human resource development for enhancement of our global competitiveness. Activities to improve business continuity in the event of large-scale disasters will also be promoted and established.

Based on these efforts, Toyota will contribute to realize “enriching lives of communities” through providing “ever-better cars” that exceed customer expectations. This is expected to encourage more customers to 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. In addition, through 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).

6

TOYOTA MOTOR CORPORATION    FY2013 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		FY2012 (April 1, 2011 through March 31, 2012)		FY2013 (April 1, 2012 through March 31, 2013)		Increase (Decrease)
Automotive	Japan		3,940,509		4,276,482		335,973
	North America		1,274,510		1,676,689		402,179
	Europe		383,287		368,930		(14,357	)
	Asia		1,440,890		1,923,390		482,500
	Other		396,585		452,963		56,378
	Total		7,435,781		8,698,454		1,262,673
Other	Housing		5,351		5,612		261

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		FY2012 (April 1, 2011 through March 31, 2012)		FY2013 (April 1, 2012 through March 31, 2013)		Increase (Decrease)
Automotive	Japan		2,070,799		2,278,796		207,997
	North America		1,872,423		2,468,804		596,381
	Europe		797,993		799,085		1,092
	Asia		1,326,829		1,683,578		356,749
	Other		1,283,885		1,640,401		356,516
	Total		7,351,929		8,870,664		1,518,735
Other	Housing		5,699		5,878		179

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.

7

TOYOTA MOTOR CORPORATION    FY2013 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		FY2012 (April 1, 2011 through March 31, 2012)		FY2013 (April 1, 2012 through March 31, 2013)		Increase (Decrease)
Automotive	Vehicles		14,164,940		17,446,473		3,281,533
	Parts & components for overseas production		338,000		356,756		18,756
	Parts		1,532,219		1,577,690		45,471
	Other		929,219		997,843		68,624
	Total		16,964,378		20,378,762		3,414,384
Financial services	—		1,071,737		1,150,042		78,305
Other	Housing		150,543		149,097		(1,446	)
	Telecommunications		46,924		48,444		1,520
	Other		350,071		337,847		(12,224	)
	Total		547,538		535,388		(12,150	)
Total			18,583,653		22,064,192		3,480,539

Note: The amounts represent net revenues from external customers.

8

TOYOTA MOTOR CORPORATION    FY2013 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)
	FY2012 (March 31, 2012)			FY2013 (March 31, 2013)			Increase (Decrease)
Assets
Current assets:
Cash and cash equivalents		1,679,200			1,718,297			39,097
Time deposits		80,301			106,700			26,399
Marketable securities		1,181,070			1,445,663			264,593
Trade accounts and notes receivable, less allowance for doubtful accounts of ¥13,004 million at March 31, 2012 and ¥15,875 million at March 31, 2013		1,999,827			1,971,659			(28,168	)
Finance receivables, net		4,114,897			5,117,660			1,002,763
Other receivables		408,547			432,693			24,146
Inventories		1,622,282			1,715,786			93,504
Deferred income taxes		718,687			749,398			30,711
Prepaid expenses and other current assets		516,378			527,034			10,656
Total current assets		12,321,189			13,784,890			1,463,701
Noncurrent finance receivables, net		5,602,462			6,943,766			1,341,304
Investments and other assets:
Marketable securities and other securities investments		4,053,572			5,176,582			1,123,010
Affiliated companies		1,920,987			2,103,283			182,296
Employees receivables		56,524			53,741			(2,783	)
Other		460,851			569,816			108,965
Total investments and other assets		6,491,934			7,903,422			1,411,488
Property, plant and equipment:
Land		1,243,261			1,303,611			60,350
Buildings		3,660,912			3,874,279			213,367
Machinery and equipment		9,094,399			9,716,180			621,781
Vehicles and equipment on operating leases		2,575,353			3,038,011			462,658
Construction in progress		275,357			291,539			16,182
Total property, plant and equipment, at cost		16,849,282			18,223,620			1,374,338
Less – Accumulated depreciation		(10,613,902	)		(11,372,381	)		(758,479	)
Total property, plant and equipment, net		6,235,380			6,851,239			615,859
Total assets		30,650,965			35,483,317			4,832,352

9

TOYOTA MOTOR CORPORATION    FY2013 Financial Summary

(Consolidated financial information has been prepared in accordance with accounting principles generally accepted in the United States of America)

	(Amount: million yen)
	FY2012 (March 31, 2012)			FY2013 (March 31, 2013)			Increase (Decrease)
Liabilities
Current liabilities:
Short-term borrowings		3,450,649			4,089,528			638,879
Current portion of long-term debt		2,512,620			2,704,428			191,808
Accounts payable		2,242,583			2,113,778			(128,805	)
Other payables		629,093			721,065			91,972
Accrued expenses		1,828,523			2,185,537			357,014
Income taxes payable		133,778			156,266			22,488
Other current liabilities		984,328			941,918			(42,410	)
Total current liabilities		11,781,574			12,912,520			1,130,946
Long-term liabilities:
Long-term debt		6,042,277			7,337,824			1,295,547
Accrued pension and severance costs		708,402			766,112			57,710
Deferred income taxes		908,883			1,385,927			477,044
Other long-term liabilities		143,351			308,078			164,727
Total long-term liabilities		7,802,913			9,797,941			1,995,028
Total liabilities		19,584,487			22,710,461			3,125,974
Shareholders’ equity
Toyota Motor Corporation shareholders’ equity:
Common stock, no par value, authorized: 10,000,000,000 shares at March 31, 2012 and March 31, 2013 issued: 3,447,997,492 shares at March 31, 2012 and March 31, 2013		397,050			397,050			—
Additional paid-in capital		550,650			551,040			390
Retained earnings		11,917,074			12,689,206			772,132
Accumulated other comprehensive income (loss)		(1,178,833	)		(356,123	)		822,710
Treasury stock, at cost, 281,187,739 shares at March 31, 2012 and 280,568,824 shares at March 31, 2013		(1,135,680	)		(1,133,138	)		2,542
Total Toyota Motor Corporation shareholders’ equity		10,550,261			12,148,035			1,597,774
Noncontrolling interests		516,217			624,821			108,604
Total shareholders’ equity		11,066,478			12,772,856			1,706,378
Commitments and contingencies
Total liabilities and shareholders’ equity		30,650,965			35,483,317			4,832,352

10

TOYOTA MOTOR CORPORATION    FY2013 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 and

      Consolidated Statements of Comprehensive Income

Consolidated Statements of Income

	(Amount: million yen)
	FY2012 (For the year ended March 31, 2012)			FY2013 (For the year ended March 31, 2013)			Increase (Decrease)
Net revenues:
Sales of products		17,511,916			20,914,150			3,402,234
Financing operations		1,071,737			1,150,042			78,305
Total net revenues		18,583,653			22,064,192			3,480,539
Costs and expenses:
Cost of products sold		15,795,918			18,010,569			2,214,651
Cost of financing operations		592,646			630,426			37,780
Selling, general and administrative		1,839,462			2,102,309			262,847
Total costs and expenses		18,228,026			20,743,304			2,515,278
Operating income		355,627			1,320,888			965,261
Other income (expense):
Interest and dividend income		99,865			98,673			(1,192	)
Interest expense		(22,922	)		(22,967	)		(45	)
Foreign exchange gain, net		37,105			5,551			(31,554	)
Other income (loss), net		(36,802	)		1,504			38,306
Total other income (expense)		77,246			82,761			5,515
Income before income taxes and equity in earnings of affiliated companies		432,873			1,403,649			970,776
Provision for income taxes		262,272			551,686			289,414
Equity in earnings of affiliated companies		197,701			231,519			33,818
Net income		368,302			1,083,482			715,180
Less: Net income attributable to noncontrolling interests		(84,743	)		(121,319	)		(36,576	)
Net income attributable to Toyota Motor Corporation		283,559			962,163			678,604
	(Amount: yen)
Net income attributable to Toyota Motor Corporation per share
Basic		90.21			303.82			213.61
Diluted		90.20			303.78			213.58

11

TOYOTA MOTOR CORPORATION    FY2013 Financial Summary

(Consolidated financial information has been prepared in accordance with accounting principles generally accepted in the United States of America)

Consolidated Statements of Comprehensive Income

	(Amount: million yen)
	FY2012 (For the year ended March 31, 2012)			FY2013 (For the year ended March 31, 2013)			Increase (Decrease)
Net income		368,302			1,083,482			715,180
Other comprehensive income (loss), net of tax
Foreign currency translation adjustments		(93,292	)		461,754			555,046
Unrealized gains (losses) on securities, net of reclassification adjustments		131,794			374,209			242,415
Pension liability adjustments		(65,110	)		14,711			79,821
Total other comprehensive income (loss)		(26,608	)		850,674			877,282
Comprehensive income		341,694			1,934,156			1,592,462
Less: Comprehensive income attributable to noncontrolling interests		(85,744	)		(149,283	)		(63,539	)
Comprehensive income attributable to Toyota Motor Corporation		255,950			1,784,873			1,528,923

12

TOYOTA MOTOR CORPORATION    FY2013 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)
	FY2012 (For the year ended March 31, 2012)
	Common stock		Additional paid-in capital		Retained earnings			Accumulated other comprehensive income (loss)			Treasury stock, at cost			Total Toyota Motor Corporation shareholders’ equity			Noncontrolling interests			Total shareholders’ equity
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
Equity transaction with noncontrolling interests and other				43,311		(45,365	)		(6,503	)		125,819			117,262			(119,824	)		(2,562	)
Issuance during the year				1,483											1,483						1,483
Comprehensive income:
Net income						283,559									283,559			84,743			368,302
Other comprehensive income (loss)
Foreign currency translation adjustments									(87,729	)					(87,729	)		(5,563	)		(93,292	)
Unrealized gains (losses) on securities, net of reclassification adjustments									129,328						129,328			2,466			131,794
Pension liability adjustments									(69,208	)					(69,208	)		4,098			(65,110	)
Total comprehensive income															255,950			85,744			341,694
Dividends paid to Toyota Motor Corporation shareholders						(156,785	)								(156,785	)					(156,785	)
Dividends paid to noncontrolling interests																		(37,356	)		(37,356	)
Purchase and reissuance of common stock				96								(116	)		(20	)					(20	)
Balances at March 31, 2012		397,050		550,650		11,917,074			(1,178,833	)		(1,135,680	)		10,550,261			516,217			11,066,478

	(Amount: million yen)
	FY2013 (For the year ended March 31, 2013)
	Common stock		Additional paid-in capital			Retained earnings			Accumulated other comprehensive income (loss)			Treasury stock, at cost			Total Toyota Motor Corporation shareholders’ equity			Noncontrolling interests			Total shareholders’ equity
Balances at March 31, 2012		397,050		550,650			11,917,074			(1,178,833	)		(1,135,680	)		10,550,261			516,217			11,066,478
Equity transaction with noncontrolling interests and other				675												675			4,961			5,636
Issuance during the year
Comprehensive income:
Net income							962,163									962,163			121,319			1,083,482
Other comprehensive income (loss)
Foreign currency translation adjustments										434,638						434,638			27,116			461,754
Unrealized gains (losses) on securities, net of reclassification adjustments										368,507						368,507			5,702			374,209
Pension liability adjustments										19,565						19,565			(4,854	)		14,711
Total comprehensive income																1,784,873			149,283			1,934,156
Dividends paid to Toyota Motor Corporation shareholders							(190,008	)								(190,008	)					(190,008	)
Dividends paid to noncontrolling interests																			(45,640	)		(45,640	)
Purchase and reissuance of common stock				(285	)		(23	)					2,542			2,234						2,234
Balances at March 31, 2013		397,050		551,040			12,689,206			(356,123	)		(1,133,138	)		12,148,035			624,821			12,772,856

13

TOYOTA MOTOR CORPORATION    FY2013 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)
	FY2012 (For the year ended March 31, 2012)			FY2013 (For the year ended March 31, 2013)
Cash flows from operating activities:
Net income		368,302			1,083,482
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation		1,067,830			1,105,109
Provision for doubtful accounts and credit losses		9,623			27,367
Pension and severance costs, less payments		16,711			(20,429	)
Losses on disposal of fixed assets		33,528			32,221
Unrealized losses on available-for-sale securities, net		53,831			2,104
Deferred income taxes		6,395			160,008
Equity in earnings of affiliated companies		(197,701	)		(231,519	)
Changes in operating assets and liabilities, and other		93,916			292,973
Net cash provided by operating activities		1,452,435			2,451,316
Cash flows from investing activities:
Additions to finance receivables		(8,333,248	)		(10,004,928	)
Collection of and proceeds from sales of finance receivables		8,061,710			9,102,856
Additions to fixed assets excluding equipment leased to others		(723,537	)		(854,561	)
Additions to equipment leased to others		(808,545	)		(1,119,591	)
Proceeds from sales of fixed assets excluding equipment leased to others		36,633			39,191
Proceeds from sales of equipment leased to others		431,313			533,441
Purchases of marketable securities and security investments		(3,173,634	)		(3,412,423	)
Proceeds from sales of and maturity of marketable securities and security investments		2,856,825			2,669,091
Payment for additional investments in affiliated companies, net of cash acquired		(147	)		16,216
Changes in investments and other assets, and other		209,972			3,396
Net cash used in investing activities		(1,442,658	)		(3,027,312	)
Cash flows from financing activities:
Proceeds from issuance of long-term debt		2,394,807			3,191,223
Payments of long-term debt		(2,867,572	)		(2,682,136	)
Increase in short-term borrowings		311,651			201,261
Dividends paid		(156,785	)		(190,008	)
Purchase of common stock, and other		(37,448	)		(43,098	)
Net cash provided by (used in) financing activities		(355,347	)		477,242
Effect of exchange rate changes on cash and cash equivalents		(55,939	)		137,851
Net increase (decrease) in cash and cash equivalents		(401,509	)		39,097
Cash and cash equivalents at beginning of year		2,080,709			1,679,200
Cash and cash equivalents at end of year		1,679,200			1,718,297

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) Going Concern Assumption

None

14

TOYOTA MOTOR CORPORATION    FY2013 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, 2012). Changes in accounting principles, procedures, and disclosures for consolidated financial statements by newly issued accounting pronouncements are set forth below.

In June 2011, the Financial Accounting Standards Board (“FASB”) issued updated guidance on the presentation of comprehensive income. This guidance requires to present the total of comprehensive income, the components of net income, and the components of other comprehensive income either in a single continuous statement of comprehensive income or in two separate but consecutive statements. Toyota and its consolidated subsidiaries (“Toyota”) adopted this guidance from the fiscal year ended March 31, 2013. The adoption of this guidance did not have a material impact on Toyota’s consolidated financial statements.

15

TOYOTA MOTOR CORPORATION    FY2013 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

FY2012 (As of and for the year ended March 31, 2012)

	(Amount: million yen)
	Automotive		Financial Services		All Other		Inter-segment Elimination and/or Unallocated Amount			Consolidated
Net revenues:
Sales to external customers		16,964,378		1,071,737		547,538		—			18,583,653
Inter-segment sales and transfers		30,168		28,587		501,377		(560,132	)		—
Total		16,994,546		1,100,324		1,048,915		(560,132	)		18,583,653
Operating expenses		16,972,863		793,886		1,006,853		(545,576	)		18,228,026
Operating income		21,683		306,438		42,062		(14,556	)		355,627
Assets		12,261,814		13,172,548		1,161,224		4,055,379			30,650,965
Investment in equity method investees		1,877,720		3,887		4,765		27,757			1,914,129
Depreciation expenses		744,067		298,757		25,006		—			1,067,830
Capital expenditure		796,839		683,161		35,340		16,742			1,532,082
FY2013 (As of and for the year ended March 31, 2013)
	(Amount: million yen)
	Automotive		Financial Services		All Other		Inter-segment Elimination and/or Unallocated Amount			Consolidated
Net revenues:
Sales to external customers		20,378,762		1,150,042		535,388		—			22,064,192
Inter-segment sales and transfers		40,338		20,628		531,073		(592,039	)		—
Total		20,419,100		1,170,670		1,066,461		(592,039	)		22,064,192
Operating expenses		19,474,396		854,850		1,012,845		(598,787	)		20,743,304
Operating income		944,704		315,820		53,616		6,748			1,320,888
Assets		13,179,741		16,231,473		1,310,115		4,761,988			35,483,317
Investment in equity method investees		2,033,040		4,925		6,968		57,651			2,102,584
Depreciation expenses		745,880		336,528		22,701		—			1,105,109
Capital expenditure		937,695		1,005,326		29,286		1,845			1,974,152

Note: Unallocated corporate assets included under “Inter-segment Elimination and/or Unallocated Amount” for FY2012 and FY2013 are 4,749,259 million yen and 5,599,970 million yen, respectively, and consist primarily of funds such as cash and cash equivalents, marketable securities and portion of security investments held by TMC.

16

TOYOTA MOTOR CORPORATION    FY2013 Financial Summary

(Consolidated financial information has been prepared in accordance with accounting principles generally accepted in the United States of America)

(ii) Consolidated Financial Statements as Classified into Non-Financial Services Business and Financial Services Business

Consolidated Balance Sheets as Classified into Non-Financial Services Business and Financial Services Business

	(Amount: million yen)
	FY2012 (March 31, 2012)			FY2013 (March 31, 2013)			Increase (Decrease)
Assets
(Non-financial services)
Current assets:
Cash and cash equivalents		1,104,636			1,107,409			2,773
Marketable securities		1,015,626			1,204,447			188,821
Trade accounts and notes receivable, less allowance for doubtful accounts		2,031,472			2,033,831			2,359
Inventories		1,622,154			1,715,634			93,480
Prepaid expenses and other current assets		1,464,124			1,597,514			133,390
Total current assets		7,238,012			7,658,835			420,823
Investments and other assets		6,218,377			7,462,767			1,244,390
Property, plant and equipment		4,510,716			4,741,357			230,641
Total assets		17,967,105			19,862,959			1,895,854
(Financial services)
Current assets:
Cash and cash equivalents		574,564			610,888			36,324
Marketable securities		165,444			241,216			75,772
Finance receivables, net		4,114,897			5,117,660			1,002,763
Prepaid expenses and other current assets		685,611			693,036			7,425
Total current assets		5,540,516			6,662,800			1,122,284
Noncurrent finance receivables, net		5,602,462			6,943,766			1,341,304
Investments and other assets		304,906			515,025			210,119
Property, plant and equipment		1,724,664			2,109,882			385,218
Total assets		13,172,548			16,231,473			3,058,925
(Elimination)
Elimination of assets		(488,688	)		(611,115	)		(122,427	)
(Consolidated)
Total assets		30,650,965			35,483,317			4,832,352

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

17

TOYOTA MOTOR CORPORATION    FY2013 Financial Summary

(Consolidated financial information has been prepared in accordance with accounting principles generally accepted in the United States of America)

	(Amount: million yen)
	FY2012 (March 31, 2012)			FY2013 (March 31, 2013)			Increase (Decrease)
Liabilities
(Non-financial services)
Current liabilities:
Short-term borrowings		715,019			576,685			(138,334	)
Current portion of long-term debt		339,441			185,582			(153,859	)
Accounts payable		2,234,316			2,092,722			(141,594	)
Accrued expenses		1,737,490			2,092,102			354,612
Income taxes payable		123,344			140,935			17,591
Other current liabilities		1,175,801			1,186,870			11,069
Total current liabilities		6,325,411			6,274,896			(50,515	)
Long-term liabilities:
Long-term debt		503,070			521,428			18,358
Accrued pension and severance costs		700,211			754,360			54,149
Other long-term liabilities		531,982			969,668			437,686
Total long-term liabilities		1,735,263			2,245,456			510,193
Total liabilities		8,060,674			8,520,352			459,678
(Financial services)
Current liabilities:
Short-term borrowings		3,040,373			3,861,699			821,326
Current portion of long-term debt		2,218,526			2,538,249			319,723
Accounts payable		27,095			37,655			10,560
Accrued expenses		96,247			105,901			9,654
Income taxes payable		10,434			15,331			4,897
Other current liabilities		536,291			632,025			95,734
Total current liabilities		5,928,966			7,190,860			1,261,894
Long-term liabilities:
Long-term debt		5,555,112			6,876,849			1,321,737
Accrued pension and severance costs		8,191			11,752			3,561
Other long-term liabilities		520,252			724,337			204,085
Total long-term liabilities		6,083,555			7,612,938			1,529,383
Total liabilities		12,012,521			14,803,798			2,791,277
(Elimination) Elimination of liabilities		(488,708	)		(613,689	)		(124,981	)
(Consolidated) Total liabilities		19,584,487			22,710,461			3,125,974
Shareholders’ equity
(Consolidated) Total Toyota Motor Corporation shareholders’ equity		10,550,261			12,148,035			1,597,774
(Consolidated) Noncontrolling interests		516,217			624,821			108,604
(Consolidated) Total shareholders’ equity		11,066,478			12,772,856			1,706,378
(Consolidated) Total liabilities and shareholders’ equity		30,650,965			35,483,317			4,832,352

18

TOYOTA MOTOR CORPORATION    FY2013 Financial Summary

(Consolidated financial information has been prepared in accordance with accounting principles generally accepted in the United States of America)

Consolidated Statements of Income as Classified into Non-Financial Services Business and Financial Services Business

	(Amount: million yen)
	FY2012 (For the year ended March 31, 2012)			FY2013 (For the year ended March 31, 2013)			Increase (Decrease)
(Non-financial services)
Net revenues		17,534,872			20,943,634			3,408,762
Costs and expenses:		17,473,634			19,934,253			2,460,619
Cost of revenues		15,796,635			18,034,256			2,237,621
Selling, general and administrative		1,676,999			1,899,997			222,998
Operating income		61,238			1,009,381			948,143
Other income (expense), net		69,935			79,837			9,902
Income before income taxes and equity in earnings of affiliated companies		131,173			1,089,218			958,045
Provision for income taxes		141,558			436,223			294,665
Equity in earnings of affiliated companies		196,544			230,078			33,534
Net income		186,159			883,073			696,914
Less: Net income attributable to noncontrolling interests		(82,181	)		(119,359	)		(37,178	)
Net income attributable to Toyota Motor Corporation		103,978			763,714			659,736
(Financial services)
Net revenues		1,100,324			1,170,670			70,346
Costs and expenses:		793,886			854,850			60,964
Cost of revenues		615,563			633,306			17,743
Selling, general and administrative		178,323			221,544			43,221
Operating income		306,438			315,820			9,382
Other income (expense), net		(4,679	)		(970	)		3,709
Income before income taxes and equity in earnings of affiliated companies		301,759			314,850			13,091
Provision for income taxes		120,725			116,033			(4,692	)
Equity in earnings of affiliated companies		1,157			1,441			284
Net income		182,191			200,258			18,067
Less: Net income attributable to noncontrolling interests		(2,566	)		(1,961	)		605
Net income attributable to Toyota Motor Corporation		179,625			198,297			18,672
(Elimination)
Elimination of net income attributable to Toyota Motor Corporation		(44	)		152			196
(Consolidated)
Net income attributable to Toyota Motor Corporation		283,559			962,163			678,604

19

TOYOTA MOTOR CORPORATION    FY2013 Financial Summary

(Consolidated financial information has been prepared in accordance with accounting principles generally accepted in the United States of America)

Consolidated Statements of Cash Flows as Classified into Non-Financial Services Business and Financial Services Business

	(Amount: million yen)
	FY2012 (For the year ended March 31, 2012)			FY2013 (For the year ended March 31, 2013)
(Non-financial services)
Cash flows from operating activities:
Net income		186,159			883,073
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation		769,073			768,581
Provision for doubtful accounts		5,843			1,745
Pension and severance costs, less payments		15,410			(23,514	)
Losses on disposal of fixed assets		33,448			32,005
Unrealized losses on available-for-sale securities, net		53,831			2,104
Deferred income taxes		(82,792	)		89,834
Equity in earnings of affiliated companies		(196,544	)		(230,078	)
Changes in operating assets and liabilities, and other		182,931			472,514
Net cash provided by operating activities		967,359			1,996,264
Cash flows from investing activities:
Additions to fixed assets excluding equipment leased to others		(713,867	)		(839,756	)
Additions to equipment leased to others		(135,054	)		(129,070	)
Proceeds from sales of fixed assets excluding equipment leased to others		36,203			38,051
Proceeds from sales of equipment leased to others		20,689			68,571
Purchases of marketable securities and security investments		(2,565,772	)		(2,980,821	)
Proceeds from sales of and maturity of marketable securities and security investments		2,227,812			2,285,566
Payment for additional investments in affiliated companies, net of cash acquired		(147	)		16,216
Changes in investments and other assets, and other		213,957			17,206
Net cash used in investing activities		(916,179	)		(1,524,037	)
Cash flows from financing activities:
Proceeds from issuance of long-term debt		39,803			182,114
Payments of long-term debt		(294,646	)		(328,380	)
Increase (decrease) in short-term borrowings		238,072			(162,782	)
Dividends paid		(156,785	)		(190,008	)
Purchase of common stock, and other		(37,448	)		(43,098	)
Net cash used in financing activities		(211,004	)		(542,154	)
Effect of exchange rate changes on cash and cash equivalents		(36,093	)		72,700
Net increase (decrease) in cash and cash equivalents		(195,917	)		2,773
Cash and cash equivalents at beginning of year		1,300,553			1,104,636
Cash and cash equivalents at end of year		1,104,636			1,107,409

20

TOYOTA MOTOR CORPORATION    FY2013 Financial Summary

(Consolidated financial information has been prepared in accordance with accounting principles generally accepted in the United States of America)

	(Amount: million yen)
	FY2012 (For the year  ended March 31, 2012)			FY2013 (For the year  ended March 31, 2013)
(Financial services)
Cash flows from operating activities:
Net income		182,191			200,258
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation		298,757			336,528
Provision for doubtful accounts and credit losses		3,780			25,622
Pension and severance costs, less payments		1,301			3,085
Losses on disposal of fixed assets		80			216
Deferred income taxes		89,199			70,743
Equity in earnings of affiliated companies		(1,157	)		(1,441	)
Changes in operating assets and liabilities, and other		(73,020	)		32,066
Net cash provided by operating activities		501,131			667,077
Cash flows from investing activities:
Additions to finance receivables		(13,455,792	)		(16,877,678	)
Collection of and proceeds from sales of finance receivables		13,168,058			15,784,681
Additions to fixed assets excluding equipment leased to others		(9,670	)		(14,805	)
Additions to equipment leased to others		(673,491	)		(990,521	)
Proceeds from sales of fixed assets excluding equipment leased to others		430			1,140
Proceeds from sales of equipment leased to others		410,624			464,870
Purchases of marketable securities and security investments		(607,862	)		(431,602	)
Proceeds from sales of and maturity of marketable securities and security investments		629,013			383,525
Changes in investments and other assets, and other		(12,206	)		(77,848	)
Net cash used in investing activities		(550,896	)		(1,758,238	)
Cash flows from financing activities:
Proceeds from issuance of long-term debt		2,379,152			3,089,484
Payments of long-term debt		(2,608,135	)		(2,415,566	)
Increase in short-term borrowings		93,002			388,416
Net cash provided by (used in) financing activities		(135,981	)		1,062,334
Effect of exchange rate changes on cash and cash equivalents		(19,846	)		65,151
Net increase (decrease) in cash and cash equivalents		(205,592	)		36,324
Cash and cash equivalents at beginning of year		780,156			574,564
Cash and cash equivalents at end of year		574,564			610,888
(Consolidated)
Effect of exchange rate changes on cash and cash equivalents		(55,939	)		137,851
Net increase (decrease) in cash and cash equivalents		(401,509	)		39,097
Cash and cash equivalents at beginning of year		2,080,709			1,679,200
Cash and cash equivalents at end of year		1,679,200			1,718,297

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.

21

TOYOTA MOTOR CORPORATION    FY2013 Financial Summary

(Consolidated financial information has been prepared in accordance with accounting principles generally accepted in the United States of America)

(iii) Geographic Information

FY2012 (As of and for the year ended March 31, 2012)

	(Amount: million yen)
	Japan			North America		Europe		Asia		Other		Inter-segment Elimination and/or Unallocated Amount			Consolidated
Net revenues:
Sales to external customers		7,293,804			4,644,348		1,917,408		3,116,849		1,611,244		—			18,583,653
Inter-segment sales and transfers		3,873,515			107,538		76,538		217,425		148,931		(4,423,947	)		—
Total		11,167,319			4,751,886		1,993,946		3,334,274		1,760,175		(4,423,947	)		18,583,653
Operating expenses		11,374,359			4,565,477		1,976,150		3,077,484		1,651,361		(4,416,805	)		18,228,026
Operating income (loss)		(207,040	)		186,409		17,796		256,790		108,814		(7,142	)		355,627
Assets		12,034,423			9,693,232		1,960,532		2,433,312		2,175,493		2,353,973			30,650,965

FY2013 (As of and for the year ended March 31, 2013)

	(Amount: million yen)
	Japan		North America		Europe		Asia		Other		Inter-segment Elimination and/or Unallocated Amount			Consolidated
Net revenues:
Sales to external customers		7,910,456		6,167,821		2,003,113		4,058,629		1,924,173		—			22,064,192
Inter-segment sales and transfers		4,910,562		116,604		80,000		326,847		170,092		(5,604,105	)		—
Total		12,821,018		6,284,425		2,083,113		4,385,476		2,094,265		(5,604,105	)		22,064,192
Operating expenses		12,244,683		6,062,500		2,056,651		4,009,421		1,960,521		(5,590,472	)		20,743,304
Operating income		576,335		221,925		26,462		376,055		133,744		(13,633	)		1,320,888
Assets		12,296,731		11,841,471		2,199,256		3,305,319		2,616,164		3,224,376			35,483,317

Note:	1.	Unallocated corporate assets included under “Inter-segment Elimination and/or Unallocated Amount” for FY2012 and FY2013 are 4,749,259 million yen and 5,599,970 million yen, respectively, and consist primarily of funds such as cash and cash equivalents, marketable securities and portion of security investments held by TMC.
	2.	“Other” consists of Central and South America, Oceania and Africa.

22

TOYOTA MOTOR CORPORATION    FY2013 Financial Summary

(Consolidated financial information has been prepared in accordance with accounting principles generally accepted in the United States of America)

(iv) Overseas Sales

FY2012 (For the year ended March 31, 2012)

	(Amount: million yen)
	North America		Europe		Asia		Other		Total
Overseas sales		4,715,804		1,817,944		3,284,392		3,103,383		12,921,523
Consolidated sales		—		—		—		—		18,583,653
Ratio of overseas sales to consolidated sales		%		%		%		%		%
		25.4		9.8		17.6		16.7		69.5

FY2013 (For the year ended March 31, 2013)

	(Amount: million yen)
	North America		Europe		Asia		Other		Total
Overseas sales		6,790,453		1,901,118		3,940,175		3,929,775		16,561,521
Consolidated sales		—		—		—		—		22,064,192
Ratio of overseas sales to consolidated sales		%		%		%		%		%
		30.8		8.6		17.9		17.8		75.1

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

23

TOYOTA MOTOR CORPORATION    FY2013 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)
	FY2012 (March 31, 2012)			FY2013 (March 31, 2013)
Assets
Current assets
Cash and deposits		163,720			116,338
Trade accounts receivable		1,026,650			943,100
Marketable securities		1,239,157			1,283,074
Finished goods		154,854			153,710
Work in process		74,323			75,865
Raw materials and supplies		103,290			94,046
Income taxes receivable		20,391			—
Short-term loans		494,649			590,702
Deferred tax assets		404,802			409,157
Others		631,088			535,817
Less: allowance for doubtful accounts		(2,300	)		(1,200	)
Total current assets		4,310,629			4,200,612
Fixed assets
Property, plant and equipment
Buildings, net		356,071			359,978
Structures, net		40,574			39,386
Machinery and equipment, net		187,782			157,647
Vehicle and delivery equipment, net		17,255			16,055
Tools, furniture and fixtures, net		61,914			59,084
Land		384,136			400,979
Construction in progress		82,878			77,086
Total property, plant and equipment		1,130,612			1,110,218
Investments and other assets
Investments in securities		2,752,772			3,646,313
Investments in subsidiaries and affiliates		1,965,714			1,997,683
Long-term loans		199,730			165,041
Deferred tax assets		136,183			—
Others		138,823			136,525
Less: allowance for doubtful accounts		(21,700	)		(21,600	)
Total investments and other assets		5,171,524			5,923,964
Total fixed assets		6,302,136			7,034,182
Total assets		10,612,765			11,234,794

24

TOYOTA MOTOR CORPORATION    FY2013 Financial Summary

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

	(Amount: million yen)
	FY2012 (March 31, 2012)			FY2013 (March 31, 2013)
Liabilities
Current liabilities
Trade notes payable		39			38
Electronically recorded obligations-operating		279,916			253,421
Trade accounts payable		823,201			657,344
Short-term borrowings		160,000			20,000
Current portion of long-term borrowings		65,000			5,703
Current portion of bonds		150,000			120,000
Other payables		322,054			341,517
Income taxes payable		—			9,993
Accrued expenses		794,039			934,724
Deposits received		663,112			641,141
Others		44,965			60,820
Total current liabilities		3,302,328			3,044,704
Long-term liabilities
Bonds		380,000			340,000
Long-term borrowings		9,982			—
Allowance for retirement benefits		273,356			277,999
Deferred tax liabilities		—			114,276
Others		12,431			11,441
Total long-term liabilities		675,770			743,717
Total liabilities		3,978,099			3,788,422
Net assets
Shareholders’ equity
Common stock		397,049			397,049
Capital surplus
Capital reserve		416,970			416,970
Other capital surplus		—			—
Total capital surplus		416,970			416,970
Retained earnings
Legal reserve		99,454			99,454
Other retained earnings
Reserve for special depreciation		885			1,627
Reserve for reduction of acquisition cost of fixed assets		9,641			9,633
General reserve		6,340,926			6,340,926
Retained earnings carried forward		148,968			655,963
Total retained earnings		6,599,875			7,107,604
Less: treasury stock		(1,152,142	)		(1,149,599	)
Total shareholders’ equity		6,261,754			6,772,026
Valuation and translation adjustments
Net unrealized gains on other securities		362,114			664,820
Total valuation and translation adjustments		362,114			664,820
Stock acquisition rights		10,797			9,525
Total net assets		6,634,666			7,446,372
Total liabilities and net assets		10,612,765			11,234,794

25

TOYOTA MOTOR CORPORATION    FY2013 Financial Summary

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

(2) Statements of Income

	(Amount: million yen)
	FY2012 (April 1, 2011 through March 31, 2012)			FY2013 (April 1, 2012 through March 31, 2013)
Net revenues		8,241,176			9,755,964
Cost of sales		7,742,254			8,459,467
Gross profit		498,922			1,296,497
Selling, general and administrative expenses		938,728			1,054,364
Operating income (loss)		(439,805	)		242,133
Non-operating income
Interest income		30,752			28,175
Dividend income		475,206			511,139
Others		96,944			122,867
Total non-operating income		602,903			662,182
Non-operating expenses
Interest expenses		12,477			9,618
Others		127,521			38,511
Total non-operating expenses		139,999			48,130
Ordinary income		23,098			856,185
Income before income taxes		23,098			856,185
Income taxes – current		15,800			69,000
Income taxes – deferred		(28,546	)		89,424
Total income taxes		(12,746	)		158,424
Net income		35,844			697,760

26

TOYOTA MOTOR CORPORATION    FY2013 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)
	FY2012 (April 1, 2011 through March 31, 2012)			FY2013 (April 1, 2012 through March 31, 2013)
Shareholders’ equity
Common stock
Balance at the beginning of current period		397,049			397,049
Balance at the end of current period		397,049			397,049
Capital surplus
Capital reserve
Balance at the beginning of current period		416,970			416,970
Balance at the end of current period		416,970			416,970
Other capital surplus
Balance at the beginning of current period		1,132			—
Changes of items during the period
Reissuance of common stock		(1,132	)		—
Total changes of items during the period		(1,132	)		—
Balance at the end of current period		—			—
Total capital surplus
Balance at the beginning of current period		418,103			416,970
Changes of items during the period
Reissuance of common stock		(1,132	)		—
Total changes of items during the period		(1,132	)		—
Balance at the end of current period		416,970			416,970
Retained earnings
Legal reserve
Balance at the beginning of current period		99,454			99,454
Balance at the end of current period		99,454			99,454
Other retained earnings
Reserve for special depreciation
Balance at the beginning of current period		1,194			885
Changes of items during the period
Appropriation to reserve for special depreciation		125			1,117
Reversal of reserve for special depreciation		(434	)		(374	)
Total changes of items during the period		(308	)		742
Balance at the end of current period		885			1,627
Reserve for reduction of acquisition cost of fixed assets
Balance at the beginning of current period		8,956			9,641
Changes of items during the period
Appropriation to reserve for reduction of acquisition cost of fixed assets		705			11
Reversal of reserve for reduction of acquisition cost of fixed assets		(21	)		(19	)
Total changes of items during the period		684			(8	)
Balance at the end of current period		9,641			9,633

27

TOYOTA MOTOR CORPORATION    FY2013 Financial Summary

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

	(Amount: million yen)
	FY2012 (April 1, 2011 through March 31, 2012)			FY2013 (April 1, 2012 through March 31, 2013)
General reserve
Balance at the beginning of current 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 beginning of current period		316,890			148,968
Changes of items during the period
Appropriation to reserve for special depreciation		(125	)		(1,117	)
Reversal of reserve for special depreciation		434			374
Appropriation to reserve for reduction of acquisition cost of fixed assets		(705	)		(11	)
Reversal of reserve for reduction of acquisition cost of fixed assets		21			19
Dividends paid		(156,784	)		(190,008	)
Net income		35,844			697,760
Reissuance of common stock		(46,607	)		(22	)
Total changes of items during the period		(167,922	)		506,994
Balance at the end of current period		148,968			655,963
Total retained earnings
Balance at the beginning of current period		6,767,422			6,599,875
Changes of items during the period
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		(156,784	)		(190,008	)
Net income		35,844			697,760
Reissuance of common stock		(46,607	)		(22	)
Total changes of items during the period		(167,546	)		507,729
Balance at the end of current period		6,599,875			7,107,604
Treasury stock
Balance at the beginning of current period		(1,279,668	)		(1,152,142	)
Changes of items during the period
Purchase of common stock		(115	)		(100	)
Reissuance of common stock		127,642			2,642
Total changes of items during the period		127,526			2,542
Balance at the end of current period		(1,152,142	)		(1,149,599	)
Total shareholders’ equity
Balance at the beginning of current period		6,302,907			6,261,754
Changes of items during the period
Dividends paid		(156,784	)		(190,008	)
Net income		35,844			697,760
Purchase of common stock		(115	)		(100	)
Reissuance of common stock		79,902			2,620
Total changes of items during the period		(41,152	)		510,271
Balance at the end of current period		6,261,754			6,772,026

28

TOYOTA MOTOR CORPORATION    FY2013 Financial Summary

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

	(Amount: million yen)
	FY2012 (April 1, 2011 through March 31, 2012)			FY2013 (April 1, 2012 through March 31, 2013)
Valuation and translation adjustments
Net unrealized gains on other securities
Balance at the beginning of current period		224,485			362,114
Changes of items during the period
Net changes of items other than shareholders’ equity		137,628			302,705
Total changes of items during the period		137,628			302,705
Balance at the end of current period		362,114			664,820
Total valuation and translation adjustments
Balance at the beginning of current period		224,485			362,114
Changes of items during the period
Net changes of items other than shareholders’ equity		137,628			302,705
Total changes of items during the period		137,628			302,705
Balance at the end of current period		362,114			664,820
Stock acquisition rights
Balance at the beginning of current period		11,006			10,797
Changes of items during the period
Net changes of items other than shareholders’ equity		(208	)		(1,272	)
Total changes of items during the period		(208	)		(1,272	)
Balance at the end of current period		10,797			9,525
Total net assets
Balance at the beginning of current period		6,538,399			6,634,666
Changes of items during the period
Dividends paid		(156,784	)		(190,008	)
Net income		35,844			697,760
Purchase of common stock		(115	)		(100	)
Reissuance of common stock		79,902			2,620
Net changes of items other than shareholders’ equity		137,420			301,433
Total changes of items during the period		96,267			811,705
Balance at the end of current period		6,634,666			7,446,372

(4) Going Concern Assumption

None

29