FINANCIAL SUMMARY

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

FY2014 Third Quarter

(April 1, 2013 through December 31, 2013)

English translation from the original Japanese-language document

TOYOTA MOTOR CORPORATION

            FY2014 Third Quarter Consolidated Financial Results

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

English translation from the original Japanese-language document

February 4, 2014

Company name	:	Toyota Motor Corporation
Stock exchanges on which the shares are listed	:	Tokyo, Nagoya, Sapporo and Fukuoka Stock Exchanges in Japan
Code number	:	7203
URL Representative	: :	http://www.toyota.co.jp Akio Toyoda, President
Contact person	:	Hiroshi Nishida, Project General Manager, Accounting Division Tel. (0565)28-2121
Filing date of quarterly securities report	:	February 10, 2014
Payment date of cash dividends	:	—
Supplemental materials prepared for quarterly financial results	:	yes
Earnings announcement for quarterly financial results	:	yes

(Amounts are rounded to the nearest million yen)

1. Consolidated Results for FY2014 First Nine Months (April 1, 2013 through December 31, 2013)

(1) Consolidated financial results (For the nine months ended December 31)

	(% of change from previous first nine months)
	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		%
FY2014 first nine months		19,122,529		17.8		1,855,984		126.8		2,022,481		118.5		1,526,087		135.4
FY2013 first nine months		16,227,106		26.0		818,507		598.9		925,786		369.5		648,183		298.8

(Note)  Comprehensive income: FY2014 first nine months 2,558,475 million yen (159.4 %), FY2013 first nine months 986,472 million yen (— %)

	Net income attributable to Toyota Motor Corporation per share – Basic		Net income attributable to Toyota Motor Corporation per share – Diluted
	Yen		Yen
FY2014 first nine months		481.60		481.27
FY2013 first nine months		204.68		204.67

(2) Consolidated financial position

	Total assets		Shareholders’ equity		Toyota Motor  Corporation shareholders’ equity		Ratio of Toyota Motor Corporation shareholders’ equity
	Million yen		Million yen		Million yen		%
FY2014 third quarter		40,518,144		14,883,462		14,210,095		35.1
FY2013		35,483,317		12,772,856		12,148,035		34.2

2. Cash dividends

	Annual cash dividends per share
	End of first quarter		End of second quarter		End of third quarter		Year-end		Total
	Yen		Yen		Yen		Yen		Yen
FY2013		—		30.00		—		60.00		90.00
FY2014		—		65.00		—
FY2014 (forecast)								—		—

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

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		25,500,000		15.6		2,400,000		81.7		2,530,000		80.2		1,900,000		97.5		599.50

(Note) Revisions to the forecast of consolidated results since the latest announcement: yes

Notes

(1) Changes in significant subsidiaries during the current quarter

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

(2) Simplified accounting procedures and specific accounting procedures: yes

Note: For more details, please see page 5 “Other Information”.

(3) Changes in accounting policies

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

(ii) Changes other than (3)-(i) above: none

Note: For more details, please see page 5 “Other Information”.

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

(i) Number of shares issued and outstanding at the end of each period (including treasury stock): FY2014 third quarter 3,447,997,492 shares, FY2013 3,447,997,492 shares

(ii) Number of treasury stock at the end of each period: FY2014 third quarter 278,666,087 shares,

FY2013 280,568,824 shares

(iii) Average number of shares issued and outstanding in each period: FY2014 first nine months 3,168,760,703 shares,

FY2013 first nine months 3,166,813,036 shares

Information Regarding the Quarterly Review Procedures

At the time of disclosure of this report, the procedures for review of quarterly consolidated 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) 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 Russian ruble, the Canadian dollar and the British pound, and interest rates fluctuations; (iii) changes in funding environment in financial markets and increased competition in the financial services industry; (iv) Toyota’s ability to market and distribute effectively; (v) Toyota’s ability to realize production efficiencies and to implement capital expenditures at the levels and times planned by management; (vi) changes in the laws, regulations and government policies in the markets in which Toyota operates that affect Toyota’s automotive operations, particularly laws, regulations and government policies relating to vehicle safety including remedial measures such as recalls, trade, environmental protection, vehicle emissions and vehicle fuel economy, as well as changes in laws, regulations and government policies that affect Toyota’s other operations, including the outcome of current and future litigation and other legal proceedings, government proceedings and investigations; (vii) political and economic instability in the markets in which Toyota operates; (viii) Toyota’s ability to timely develop and achieve market acceptance of new products that meet customer demand; (ix) any damage to Toyota’s brand image; (x) Toyota’s reliance on various suppliers for the provision of supplies; (xi) increases in prices of raw materials; (xii) Toyota’s reliance on various digital and information technologies; (xiii) fuel shortages or interruptions in electricity, transportation systems, labor strikes, work stoppages or other interruptions to, or difficulties in, the employment of labor in the major markets where Toyota purchases materials, components and supplies for the production of its products or where its products are produced, distributed or sold; and (xiv) the impact of natural calamities including the negative effect on Toyota’s vehicle production and sales.

A discussion of these and other factors which may affect Toyota’s actual results, performance, achievements or financial position is contained in Toyota’s annual report on Form 20-F, which is on file with the United States Securities and Exchange Commission.

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

TOYOTA MOTOR CORPORATION    FY2014 Third Quarter Financial Summary

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

TABLE OF CONTENTS

1.   Qualitative Information Concerning Consolidated Financial Results for FY2014 First Nine Months	2
(1) Financial Results	2
(2) Segment Operating Results	2
(3) Geographic Information	3
2.   Qualitative Information Concerning Forecast of Consolidated Financial Results for FY2014	4
3.  Other Information	5
(1) Changes in significant subsidiaries during the current period	5
(2) Simplified accounting procedures and accounting procedures specific to quarterly consolidated financial statements	5
(3) Changes in accounting principles, procedures, and disclosures for quarterly consolidated financial statements	5
4.  Consolidated Production and Sales	6
(1) Production	6
(2) Sales (by destination)	6
5.  Quarterly Consolidated Financial Statements	7
(1) Quarterly Consolidated Balance Sheets	7
(2) Quarterly Consolidated Statements of Income and Quarterly Consolidated Statements of Comprehensive Income	9
(3) Quarterly Consolidated Statements of Cash Flows	13
(4) Going Concern Assumption	13
(5) Segment Information	14
(6) Significant Changes in Shareholders’ Equity	16

1

TOYOTA MOTOR CORPORATION    FY2014 Third Quarter Financial Summary

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

1. Qualitative Information Concerning Consolidated Financial Results for FY2014 First Nine Months

(1) Financial Results

Consolidated vehicle unit sales in Japan and overseas increased by 156 thousand units, or 2.3%, to 6,785 thousand units in FY2014 first nine months (the nine months ended December 31, 2013) compared with FY2013 first nine months (the nine months ended December 31, 2012). Vehicle unit sales in Japan decreased by 26 thousand units, or 1.6%, to 1,642 thousand units in FY2014 first nine months compared with FY2013 first nine months. Meanwhile, overseas vehicle unit sales increased by 182 thousand units, or 3.7%, to 5,143 thousand units in FY2014 first nine months compared with FY2013 first nine months.

As for the results of operations, net revenues increased by 2,895.4 billion yen, or 17.8%, to 19,122.5 billion yen in FY2014 first nine months compared with FY2013 first nine months, and operating income increased by 1,037.4 billion yen, or 126.8%, to 1,855.9 billion yen in FY2014 first nine months compared with FY2013 first nine months. The factors contributing to an increase in operating income were the effects of changes in exchange rates of 800.0 billion yen, cost reduction efforts of 210.0 billion yen, marketing efforts of 140.0 billion yen, and other factors of 67.4 billion yen. On the other hand, the factor contributing to a decrease in operating income was the increase in expenses and others of 180.0 billion yen. Income before income taxes and equity in earnings of affiliated companies increased by 1,096.6 billion yen, or 118.5%, to 2,022.4 billion yen in FY2014 first nine months compared with FY2013 first nine months. Net income attributable to Toyota Motor Corporation increased by 877.9 billion yen, or 135.4%, to 1,526.0 billion yen in FY2014 first nine months compared with FY2013 first nine months.

(2) Segment Operating Results

(i) Automotive:

Net revenues for the automotive operations increased by 2,711.7 billion yen, or 18.1%, to 17,729.8 billion yen in FY2014 first nine months compared with FY2013 first nine months, and operating income increased by 1,081.8 billion yen, or 199.7%, to 1,623.6 billion yen in FY2014 first nine months compared with FY2013 first nine months. The increase in operating income was mainly due to the effects of changes in exchange rates and cost reduction efforts.

(ii) Financial services:

Net revenues for the financial services operations increased by 204.7 billion yen, or 24.2%, to 1,052.5 billion yen in FY2014 first nine months compared with FY2013 first nine months. However, operating income decreased by 42.9 billion yen, or 17.6%, to 200.6 billion yen in FY2014 first nine months compared with FY2013 first nine months. The decrease in operating income was mainly due to the recording of valuation losses on interest rate swaps stated at fair value in sales finance subsidiaries.

(iii) All other:

Net revenues for all other businesses increased by 28.4 billion yen, or 3.8%, to 786.4 billion yen in FY2014 first nine months compared with FY2013 first nine months, and operating income increased by 3.0 billion yen, or 8.2%, to 40.9 billion yen in FY2014 first nine months compared with FY2013 first nine months.

2

TOYOTA MOTOR CORPORATION    FY2014 Third Quarter Financial Summary

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

(3) Geographic Information

(i) Japan:

Net revenues in Japan increased by 1,105.3 billion yen, or 11.8%, to 10,487.8 billion yen in FY2014 first nine months compared with FY2013 first nine months, and operating income increased by 894.9 billion yen, or 335.8%, to 1,161.4 billion yen in FY2014 first nine months compared with FY2013 first nine months. The increase in operating income was mainly due to the effects of changes in exchange rates and cost reduction efforts.

(ii) North America:

Net revenues in North America increased by 1,636.0 billion yen, or 35.8%, to 6,204.8 billion yen in FY2014 first nine months compared with FY2013 first nine months, and operating income increased by 109.3 billion yen, or 66.1%, to 274.8 billion yen in FY2014 first nine months compared with FY2013 first nine months. 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 511.2 billion yen, or 33.7%, to 2,029.2 billion yen in FY2014 first nine months compared with FY2013 first nine months, and operating income increased by 21.8 billion yen, or 102.4%, to 43.1 billion yen in FY2014 first nine months compared with FY2013 first nine months. The increase in operating income was mainly due to increases in both production volume and vehicle unit sales and cost reduction efforts.

(iv) Asia:

Net revenues in Asia increased by 378.0 billion yen, or 11.5%, to 3,652.5 billion yen in FY2014 first nine months compared with FY2013 first nine months, and operating income increased by 19.4 billion yen, or 6.8%, to 305.7 billion yen in FY2014 first nine months compared with FY2013 first nine months. The increase in operating income was mainly due to cost reduction efforts.

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

Net revenues in other regions increased by 280.9 billion yen, or 18.5%, to 1,795.6 billion yen in FY2014 first nine months compared with FY2013 first nine months, and operating income increased by 17.3 billion yen, or 19.0%, to 108.3 billion yen in FY2014 first nine months compared with FY2013 first nine months. The increase in operating income was mainly due to increases in both production volume and vehicle unit sales.

3

TOYOTA MOTOR CORPORATION    FY2014 Third Quarter Financial Summary

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

2. Qualitative Information Concerning Forecast of Consolidated Financial Results for FY2014

Reflecting the current trend of foreign currency exchange rates and favorable results obtained from a variety of measures for profit improvement, the current forecast of consolidated financial results for FY2014 (April 1, 2013 through March 31, 2014) is set forth below. This forecast assumes average exchange rates through the fiscal year of 100 yen per US$1 and 134 yen per 1 euro.

Forecast of consolidated results for FY2014

Net revenues	25,500.0 billion yen	(an increase of 15.6% compared with FY2013)
Operating income	2,400.0 billion yen	(an increase of 81.7% compared with FY2013)
Income before income taxes and equity in earnings of affiliated companies	2,530.0 billion yen	(an increase of 80.2% compared with FY2013)
Net income attributable to Toyota Motor Corporation	1,900.0 billion yen	(an increase of 97.5% compared with FY2013)

These forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause Toyota’s actual results, performance, achievements or financial position to be materially different from any future results, performance, achievements or financial position expressed or implied by these forward-looking statements. These factors include, but are not limited to: (i) changes in economic conditions 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 Russian ruble, the Canadian dollar and the British pound, and interest rates fluctuations; (iii) changes in funding environment in financial markets and increased competition in the financial services industry; (iv) Toyota’s ability to market and distribute effectively; (v) Toyota’s ability to realize production efficiencies and to implement capital expenditures at the levels and times planned by management; (vi) changes in the laws, regulations and government policies in the markets in which Toyota operates that affect Toyota’s automotive operations, particularly laws, regulations and government policies relating to vehicle safety including remedial measures such as recalls, trade, environmental protection, vehicle emissions and vehicle fuel economy, as well as changes in laws, regulations and government policies that affect Toyota’s other operations, including the outcome of current and future litigation and other legal proceedings, government proceedings and investigations; (vii) political and economic instability in the markets in which Toyota operates; (viii) Toyota’s ability to timely develop and achieve market acceptance of new products that meet customer demand; (ix) any damage to Toyota’s brand image; (x) Toyota’s reliance on various suppliers for the provision of supplies; (xi) increases in prices of raw materials; (xii) Toyota’s reliance on various digital and information technologies; (xiii) fuel shortages or interruptions in electricity, transportation systems, labor strikes, work stoppages or other interruptions to, or difficulties in, the employment of labor in the major markets where Toyota purchases materials, components and supplies for the production of its products or where its products are produced, distributed or sold; and (xiv) the impact of natural calamities including the negative effect on Toyota’s vehicle production and sales.

A discussion of these and other factors which may affect Toyota’s actual results, performance, achievements or financial position is contained in Toyota’s annual report on Form 20-F, which is on file with the United States Securities and Exchange Commission.

4

TOYOTA MOTOR CORPORATION    FY2014 Third Quarter Financial Summary

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

3. Other Information

(1) Changes in significant subsidiaries during the current period

(Changes in specified subsidiaries that caused a change in the scope of consolidation)

None

(2) Simplified accounting procedures and accounting procedures specific to quarterly consolidated financial statements

Provision for income taxes

The provision for income taxes is computed by multiplying income before income taxes and equity in earnings of affiliated companies for the first nine months by estimated annual effective tax rates. These estimated annual effective tax rates reflect anticipated investment tax credits, foreign tax credits and other items, including changes in valuation allowances, that are expected to affect estimated annual effective tax rates.

(3) Changes in accounting principles, procedures, and disclosures for quarterly consolidated financial statements

In December 2011, the Financial Accounting Standards Board (“FASB”) issued updated guidance of disclosures about offsetting assets and liabilities. This guidance requires additional disclosures about gross and net information for assets and liabilities including financial instruments eligible for offset in the balance sheets. The parent company and its consolidated subsidiaries (“Toyota”) adopted this guidance from the interim period within the fiscal year, begun on or after January 1, 2013. The adoption of this guidance did not have a material impact on Toyota’s quarterly consolidated financial statements.

In February 2013, FASB issued updated guidance on the presentation of items reclassified out of accumulated other comprehensive income. This guidance requires to present, either in a single note or parenthetically on the face of the financial statements, the effect of significant amounts reclassified out of each component of accumulated other comprehensive income based on its source. Toyota adopted this guidance from the interim period within the fiscal year, begun after December 15, 2012. The adoption of this guidance did not have a material impact on Toyota’s quarterly consolidated financial statements.

In July 2013, FASB issued updated guidance which permits the Fed Funds Effective Swap Rate (or Overnight Index Swap Rate) to be used as a benchmark interest rate for hedge accounting purposes. This guidance also removes the restriction on using different benchmark rates for similar hedges. Toyota adopted this guidance for qualifying new or redesignated hedging relationships entered into on or after July 17, 2013. The adoption of this guidance did not have a material impact on Toyota’s quarterly consolidated financial statements.

5

TOYOTA MOTOR CORPORATION    FY2014 Third Quarter Financial Summary

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

4. Consolidated Production and Sales

(1) Production

		(Units)
Business segment		FY2013 first nine months (April 1, 2012 through December 31, 2012)		FY2014 first nine months (April 1, 2013 through December 31, 2013)		Increase (Decrease)
Automotive	Japan		3,151,099		3,174,234		23,135
	North America		1,240,039		1,324,043		84,004
	Europe		266,756		371,863		105,107
	Asia		1,435,555		1,445,340		9,785
	Other		334,512		372,860		38,348
	Total		6,427,961		6,688,340		260,379
Other	Housing		4,016		4,465		449
Business segment		FY2013 third quarter (October 1, 2012 through December 31, 2012)		FY2014 third quarter (October 1, 2013 through December 31, 2013)		Increase (Decrease)
Automotive	Japan		945,417		1,031,356		85,939
	North America		398,431		433,913		35,482
	Europe		86,861		132,406		45,545
	Asia		487,321		509,667		22,346
	Other		109,264		125,489		16,225
	Total		2,027,294		2,232,831		205,537
Other	Housing		1,579		1,624		45

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		FY2013 first nine months (April 1, 2012 through December 31, 2012)		FY2014 first nine months (April 1, 2013 through December 31, 2013)		Increase (Decrease)
Automotive	Japan		1,667,977		1,641,420		(26,557	)
	North America		1,865,450		1,962,212		96,762
	Europe		602,591		629,713		27,122
	Asia		1,267,933		1,201,290		(66,643	)
	Other		1,225,531		1,349,888		124,357
	Total		6,629,482		6,784,523		155,041
Other	Housing		3,909		4,000		91
Business segment		FY2013 third quarter (October 1, 2012 through December 31, 2012)		FY2014 third quarter (October 1, 2013 through December 31, 2013)		Increase (Decrease)
Automotive	Japan		476,047		540,214		64,167
	North America		604,722		664,168		59,446
	Europe		190,425		222,779		32,354
	Asia		428,068		421,704		(6,364	)
	Other		414,034		467,897		53,863
	Total		2,113,296		2,316,762		203,466
Other	Housing		1,485		1,335		(150	)

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.

6

TOYOTA MOTOR CORPORATION    FY2014 Third Quarter Financial Summary

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

5. Quarterly Consolidated Financial Statements

(1) Quarterly Consolidated Balance Sheets

	(Amount: million yen)
	FY2013 (March 31, 2013)			FY2014 third quarter (December 31, 2013)			Increase (Decrease)
Assets
Current assets:
Cash and cash equivalents		1,718,297			1,843,393			125,096
Time deposits		106,700			208,628			101,928
Marketable securities		1,445,663			1,521,096			75,433
Trade accounts and notes receivable, less allowance for doubtful accounts		1,971,659			1,831,092			(140,567	)
Finance receivables, net		5,117,660			5,798,636			680,976
Other receivables		432,693			331,382			(101,311	)
Inventories		1,715,786			1,889,127			173,341
Deferred income taxes		749,398			710,910			(38,488	)
Prepaid expenses and other current assets		527,034			661,962			134,928
Total current assets		13,784,890			14,796,226			1,011,336
Noncurrent finance receivables, net		6,943,766			8,216,877			1,273,111
Investments and other assets:
Marketable securities and other securities investments		5,176,582			6,975,378			1,798,796
Affiliated companies		2,103,283			2,354,406			251,123
Employees receivables		53,741			46,729			(7,012	)
Other		569,816			588,711			18,895
Total investments and other assets		7,903,422			9,965,224			2,061,802
Property, plant and equipment:
Land		1,303,611			1,312,892			9,281
Buildings		3,874,279			4,040,719			166,440
Machinery and equipment		9,716,180			10,308,885			592,705
Vehicles and equipment on operating leases		3,038,011			3,642,068			604,057
Construction in progress		291,539			284,637			(6,902	)
Total property, plant and equipment, at cost		18,223,620			19,589,201			1,365,581
Less – Accumulated depreciation		(11,372,381	)		(12,049,384	)		(677,003	)
Total property, plant and equipment, net		6,851,239			7,539,817			688,578
Total assets		35,483,317			40,518,144			5,034,827

7

TOYOTA MOTOR CORPORATION    FY2014 Third Quarter Financial Summary

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

	(Amount: million yen)
	FY2013 (March 31, 2013)			FY2014 third quarter (December 31, 2013)			Increase (Decrease)
Liabilities
Current liabilities:
Short-term borrowings		4,089,528			4,944,528			855,000
Current portion of long-term debt		2,704,428			2,815,575			111,147
Accounts payable		2,113,778			1,864,729			(249,049	)
Other payables		721,065			726,749			5,684
Accrued expenses		2,185,537			2,247,518			61,981
Income taxes payable		156,266			431,716			275,450
Other current liabilities		941,918			1,066,927			125,009
Total current liabilities		12,912,520			14,097,742			1,185,222
Long-term liabilities:
Long-term debt		7,337,824			8,612,914			1,275,090
Accrued pension and severance costs		766,112			798,798			32,686
Deferred income taxes		1,385,927			1,786,038			400,111
Other long-term liabilities		308,078			339,190			31,112
Total long-term liabilities		9,797,941			11,536,940			1,738,999
Total liabilities		22,710,461			25,634,682			2,924,221
Shareholders’ equity
Toyota Motor Corporation shareholders’ equity:
Common stock, no par value, authorized: 10,000,000,000 shares at March 31, 2013 and December 31, 2013 issued: 3,447,997,492 shares at March 31, 2013 and December 31, 2013		397,050			397,050			—
Additional paid-in capital		551,040			551,399			359
Retained earnings		12,689,206			13,819,263			1,130,057
Accumulated other comprehensive income (loss)		(356,123	)		567,813			923,936
Treasury stock, at cost, 280,568,824 shares at March 31, 2013 and 278,666,087 shares at December 31, 2013		(1,133,138	)		(1,125,430	)		7,708
Total Toyota Motor Corporation shareholders’ equity		12,148,035			14,210,095			2,062,060
Noncontrolling interests		624,821			673,367			48,546
Total shareholders’ equity		12,772,856			14,883,462			2,110,606
Commitments and contingencies
Total liabilities and shareholders’ equity		35,483,317			40,518,144			5,034,827

8

TOYOTA MOTOR CORPORATION    FY2014 Third Quarter Financial Summary

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

(2) Quarterly Consolidated Statements of Income and Quarterly Consolidated Statements of Comprehensive Income

First nine months ended December 31

Quarterly Consolidated Statements of Income

	(Amount: million yen)
	FY2013 first nine months (Nine months ended December 31, 2012)			FY2014 first nine months (Nine months ended December 31, 2013)			Increase (Decrease)
Net revenues:
Sales of products		15,400,712			18,101,814			2,701,102
Financing operations		826,394			1,020,715			194,321
Total net revenues		16,227,106			19,122,529			2,895,423
Costs and expenses:
Cost of products sold		13,420,793			14,840,183			1,419,390
Cost of financing operations		427,598			629,594			201,996
Selling, general and administrative		1,560,208			1,796,768			236,560
Total costs and expenses		15,408,599			17,266,545			1,857,946
Operating income		818,507			1,855,984			1,037,477
Other income (expense):
Interest and dividend income		84,426			93,528			9,102
Interest expense		(18,985	)		(15,321	)		3,664
Foreign exchange gain, net		13,366			63,035			49,669
Other income, net		28,472			25,255			(3,217	)
Total other income (expense)		107,279			166,497			59,218
Income before income taxes and equity in earnings of affiliated companies		925,786			2,022,481			1,096,695
Provision for income taxes		378,199			644,928			266,729
Equity in earnings of affiliated companies		182,044			248,077			66,033
Net income		729,631			1,625,630			895,999
Less: Net income attributable to noncontrolling interests		(81,448	)		(99,543	)		(18,095	)
Net income attributable to Toyota Motor Corporation		648,183			1,526,087			877,904
	(Amount: yen)
Net income attributable to Toyota Motor Corporation per share
Basic		204.68			481.60			276.92
Diluted		204.67			481.27			276.60

9

TOYOTA MOTOR CORPORATION    FY2014 Third Quarter Financial Summary

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

Quarterly Consolidated Statements of Comprehensive Income

	(Amount: million yen)
	FY2013 first nine months (Nine months ended December 31,  2012)			FY2014 first nine months (Nine months ended December 31,  2013)			Increase (Decrease)
Net income		729,631			1,625,630			895,999
Other comprehensive income (loss), net of tax
Foreign currency translation adjustments		121,442			335,614			214,172
Unrealized gains (losses) on securities		127,053			597,990			470,937
Pension liability adjustments		8,346			(759	)		(9,105	)
Total other comprehensive income (loss)		256,841			932,845			676,004
Comprehensive income		986,472			2,558,475			1,572,003
Less: Comprehensive income attributable to noncontrolling interests		(85,981	)		(108,452	)		(22,471	)
Comprehensive income attributable to Toyota Motor Corporation		900,491			2,450,023			1,549,532

10

TOYOTA MOTOR CORPORATION    FY2014 Third Quarter Financial Summary

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

Third quarter for the three months ended December 31

Quarterly Consolidated Statements of Income

	(Amount: million yen)
	FY2013 third quarter (Three months ended December 31, 2012)			FY2014 third quarter (Three months ended December 31, 2013)			Increase (Decrease)
Net revenues:
Sales of products		5,024,823			6,229,811			1,204,988
Financing operations		293,929			355,233			61,304
Total net revenues		5,318,752			6,585,044			1,266,292
Costs and expenses:
Cost of products sold		4,435,517			5,133,757			698,240
Cost of financing operations		162,539			213,436			50,897
Selling, general and administrative		595,939			637,342			41,403
Total costs and expenses		5,193,995			5,984,535			790,540
Operating income		124,757			600,509			475,752
Other income (expense):
Interest and dividend income		29,937			35,398			5,461
Interest expense		(6,190	)		(5,583	)		607
Foreign exchange gain (loss), net		(13,662	)		46,311			59,973
Other income, net		(3,593	)		2,321			5,914
Total other income (expense)		6,492			78,447			71,955
Quarterly income before income taxes and equity in earnings of affiliated companies		131,249			678,956			547,707
Provision for income taxes		67,353			207,748			140,395
Equity in earnings of affiliated companies		58,187			89,286			31,099
Quarterly net income		122,083			560,494			438,411
Less: Quarterly net income attributable to noncontrolling interests		(22,169	)		(35,030	)		(12,861	)
Quarterly net income attributable to Toyota Motor Corporation		99,914			525,464			425,550
	(Amount: yen)
Quarterly net income attributable to Toyota Motor Corporation per share
Basic		31.55			165.80			134.25
Diluted		31.55			165.70			134.15

11

TOYOTA MOTOR CORPORATION    FY2014 Third Quarter Financial Summary

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

Quarterly Consolidated Statements of Comprehensive Income

	(Amount: million yen)
	FY2013 third quarter (Three months ended December 31, 2012)			FY2014 third quarter (Three months ended December 31, 2013)			Increase (Decrease)
Quarterly net income		122,083			560,494			438,411
Other comprehensive income (loss), net of tax
Foreign currency translation adjustments		337,702			240,983			(96,719	)
Unrealized gains (losses) on securities		195,795			292,424			96,629
Pension liability adjustments		5,652			(2,848	)		(8,500	)
Total other comprehensive income (loss)		539,149			530,559			(8,590	)
Quarterly comprehensive income		661,232			1,091,053			429,821
Less: Quarterly comprehensive income attributable to noncontrolling interests		(44,708	)		(46,425	)		(1,717	)
Quarterly comprehensive income attributable to Toyota Motor Corporation		616,524			1,044,628			428,104

12

TOYOTA MOTOR CORPORATION    FY2014 Third Quarter Financial Summary

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

(3) Quarterly Consolidated Statements of Cash Flows

	(Amount: million yen)
	FY2013 first nine months (Nine months ended December 31, 2012)			FY2014 first nine months (Nine months ended December 31, 2013)
Cash flows from operating activities:
Net income		729,631			1,625,630
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation		798,913			914,323
Provision for doubtful accounts and credit losses		15,786			33,987
Pension and severance costs, less payments		11,349			11,843
Losses on disposal of fixed assets		26,079			18,482
Unrealized losses on available-for-sale securities, net		2,074			2,937
Deferred income taxes		46,108			71,236
Equity in earnings of affiliated companies		(182,044	)		(248,077	)
Changes in operating assets and liabilities, and other		298,328			296,650
Net cash provided by operating activities		1,746,224			2,727,011
Cash flows from investing activities:
Additions to finance receivables		(7,345,914	)		(9,101,384	)
Collection of and proceeds from sales of finance receivables		6,564,843			8,178,724
Additions to fixed assets excluding equipment leased to others		(568,534	)		(665,463	)
Additions to equipment leased to others		(774,067	)		(1,275,129	)
Proceeds from sales of fixed assets excluding equipment leased to others		23,795			26,138
Proceeds from sales of equipment leased to others		364,631			577,522
Purchases of marketable securities and security investments		(2,588,128	)		(3,556,002	)
Proceeds from sales of and maturity of marketable securities and security investments		1,989,494			2,617,150
Changes in investments and other assets, and other		(19,090	)		(143,246	)
Net cash used in investing activities		(2,352,970	)		(3,341,690	)
Cash flows from financing activities:
Proceeds from issuance of long-term debt		2,033,503			2,895,059
Payments of long-term debt		(2,064,900	)		(2,268,556	)
Increase in short-term borrowings		411,335			479,598
Dividends paid		(190,008	)		(396,030	)
Purchase of common stock, and other		(44,229	)		(55,058	)
Net cash provided by financing activities		145,701			655,013
Effect of exchange rate changes on cash and cash equivalents		23,344			84,762
Net increase (decrease) in cash and cash equivalents		(437,701	)		125,096
Cash and cash equivalents at beginning of period		1,679,200			1,718,297
Cash and cash equivalents at end of period		1,241,499			1,843,393

Note: In the Quarterly 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.

(4) Going Concern Assumption

None

13

TOYOTA MOTOR CORPORATION    FY2014 Third Quarter Financial Summary

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

(5) Segment Information

(i) Segment operating results

FY2013 first nine months (Nine months ended December 31, 2012)

	(Amount: million yen)
	Automotive		Financial Services		All Other		Inter-segment Elimination			Consolidated
Net revenues:
Sales to external customers		14,988,873		826,394		411,839		—			16,227,106
Inter-segment sales and transfers		29,215		21,385		346,200		(396,800	)		—
Total		15,018,088		847,779		758,039		(396,800	)		16,227,106
Operating expenses		14,476,303		604,225		720,159		(392,088	)		15,408,599
Operating income		541,785		243,554		37,880		(4,712	)		818,507
FY2014 first nine months (Nine months ended December 31, 2013)
	(Amount: million yen)
	Automotive		Financial Services		All Other		Inter-segment Elimination			Consolidated
Net revenues:
Sales to external customers		17,694,453		1,020,715		407,361		—			19,122,529
Inter-segment sales and transfers		35,403		31,828		379,116		(446,347	)		—
Total		17,729,856		1,052,543		786,477		(446,347	)		19,122,529
Operating expenses		16,106,238		851,935		745,498		(437,126	)		17,266,545
Operating income		1,623,618		200,608		40,979		(9,221	)		1,855,984
FY2013 third quarter (Three months ended December 31, 2012)
	(Amount: million yen)
	Automotive		Financial Services		All Other		Inter-segment Elimination			Consolidated
Net revenues:
Sales to external customers		4,879,235		293,929		145,588		—			5,318,752
Inter-segment sales and transfers		9,999		7,382		116,506		(133,887	)		—
Total		4,889,234		301,311		262,094		(133,887	)		5,318,752
Operating expenses		4,845,510		232,263		246,673		(130,451	)		5,193,995
Operating income		43,724		69,048		15,421		(3,436	)		124,757
FY2014 third quarter (Three months ended December 31, 2013)
	(Amount: million yen)
	Automotive		Financial Services		All Other		Inter-segment Elimination			Consolidated
Net revenues:
Sales to external customers		6,082,074		355,233		147,737		—			6,585,044
Inter-segment sales and transfers		14,513		9,667		130,677		(154,857	)		—
Total		6,096,587		364,900		278,414		(154,857	)		6,585,044
Operating expenses		5,581,017		297,590		257,749		(151,821	)		5,984,535
Operating income		515,570		67,310		20,665		(3,036	)		600,509

14

TOYOTA MOTOR CORPORATION    FY2014 Third Quarter Financial Summary

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

(ii) Geographic Information

FY2013 first nine months (Nine months ended December 31, 2012)

	(Amount: million yen)
	Japan		North America			Europe		Asia		Other		Inter-segment Elimination			Consolidated
Net revenues:
Sales to external customers		5,813,559		4,492,921			1,462,412		3,061,504		1,396,710		—			16,227,106
Inter-segment sales and transfers		3,568,958		75,831			55,584		212,985		117,980		(4,031,338	)		—
Total		9,382,517		4,568,752			1,517,996		3,274,489		1,514,690		(4,031,338	)		16,227,106
Operating expenses		9,116,022		4,403,261			1,496,688		2,988,181		1,423,645		(4,019,198	)		15,408,599
Operating income		266,495		165,491			21,308		286,308		91,045		(12,140	)		818,507
FY2014 first nine months (Nine months ended December 31, 2013)
	(Amount: million yen)
	Japan		North America			Europe		Asia		Other		Inter-segment Elimination			Consolidated
Net revenues:
Sales to external customers		6,084,001		6,082,728			1,951,706		3,353,948		1,650,146		—			19,122,529
Inter-segment sales and transfers		4,403,855		122,081			77,567		298,608		145,514		(5,047,625	)		—
Total		10,487,856		6,204,809			2,029,273		3,652,556		1,795,660		(5,047,625	)		19,122,529
Operating expenses		9,326,432		5,929,977			1,986,155		3,346,836		1,687,312		(5,010,167	)		17,266,545
Operating income		1,161,424		274,832			43,118		305,720		108,348		(37,458	)		1,855,984
Note: “Other” consists of Central and South America, Oceania and Africa.
FY2013 third quarter (Three months ended December 31, 2012)
	(Amount: million yen)
	Japan		North America			Europe		Asia		Other		Inter-segment Elimination			Consolidated
Net revenues:
Sales to external customers		1,765,672		1,510,486			494,529		1,047,203		500,862		—			5,318,752
Inter-segment sales and transfers		1,210,589		14,530			13,860		65,378		29,473		(1,333,830	)		—
Total		2,976,261		1,525,016			508,389		1,112,581		530,335		(1,333,830	)		5,318,752
Operating expenses		2,960,596		1,542,136			499,136		1,020,798		497,998		(1,326,669	)		5,193,995
Operating income (loss)		15,665		(17,120	)		9,253		91,783		32,337		(7,161	)		124,757
FY2014 third quarter (Three months ended December 31, 2013)
	(Amount: million yen)
	Japan		North America			Europe		Asia		Other		Inter-segment Elimination			Consolidated
Net revenues:
Sales to external customers		2,078,307		2,096,235			701,982		1,154,295		554,225		—			6,585,044
Inter-segment sales and transfers		1,465,757		40,622			24,249		98,366		49,228		(1,678,222	)		—
Total		3,544,064		2,136,857			726,231		1,252,661		603,453		(1,678,222	)		6,585,044
Operating expenses		3,212,667		2,024,325			708,524		1,142,583		571,251		(1,674,815	)		5,984,535
Operating income		331,397		112,532			17,707		110,078		32,202		(3,407	)		600,509

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

15

TOYOTA MOTOR CORPORATION    FY2014 Third Quarter Financial Summary

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

(6) Significant Changes in Shareholders’ Equity

None

16