FINANCIAL SUMMARY

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

FY2015 Third Quarter

(April 1, 2014 through December 31, 2014)

English translation from the original Japanese-language document

TOYOTA MOTOR CORPORATION

            FY2015 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, 2015

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	:	Yasushi Kyoda, General Manager, Accounting Division Tel. (0565)28-2121
Filing date of quarterly securities report	:	February 12, 2015
Payment date of cash dividends	:	—
Supplemental materials prepared for financial results	:	yes
Earnings announcement for financial results	:	yes

(Amounts are rounded to the nearest million yen)

1. Consolidated Results for FY2015 First Nine Months (April 1, 2014 through December 31, 2014)

(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		%
FY2015 first nine months		20,115,614		5.2		2,114,826		13.9		2,355,635		16.5		1,726,863		13.2
FY2014 first nine months		19,122,529		17.8		1,855,984		126.8		2,022,481		118.5		1,526,087		135.4

(Note)  Comprehensive income: FY2015 first nine months 2,882,256 million yen (12.7 %), FY2014 first nine months 2,558,475 million yen (159.4 %)

	Net income attributable to Toyota Motor Corporation per share – Basic		Net income attributable to Toyota Motor Corporation per share – Diluted
	Yen		Yen
FY2015 first nine months		545.94		545.68
FY2014 first nine months		481.60		481.27

(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		%
FY2015 third quarter		46,722,224		17,128,149		16,316,058		34.9
FY2014		41,437,473		15,218,987		14,469,148		34.9

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
FY2014		—		65.00		—		100.00		165.00
FY2015		—		75.00		—
FY2015 (forecast)								—		—

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

3. Forecast of Consolidated Results for FY2015 (April 1, 2014 through March 31, 2015)

	(% of change from FY2014)
	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
Full-year		27,000,000		5.1		2,700,000		17.8		2,920,000		19.6		2,130,000		16.8		677.14

(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): FY2015 third quarter 3,417,997,492 shares, FY2014 3,447,997,492 shares

(ii) Number of treasury stock at the end of each period: FY2015 third quarter 272,420,013 shares,

FY2014 278,231,473 shares

(iii) Average number of shares issued and outstanding in each period: FY2015 first nine months 3,163,078,806 shares,

FY2014 first nine months 3,168,760,703 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, market demand, and the competitive environment affecting the automotive markets in Japan, North America, Europe, Asia and other markets in which Toyota operates; (ii) fluctuations in currency exchange rates, particularly with respect to the value of the Japanese yen, the U.S. dollar, the euro, the Australian dollar, the Russian ruble, the Canadian dollar and the British pound, and interest rates fluctuations; (iii) changes in funding environment in financial markets and increased competition in the financial services industry; (iv) Toyota’s ability to market and distribute effectively; (v) Toyota’s ability to realize production efficiencies and to implement capital expenditures at the levels and times planned by management; (vi) changes in the laws, regulations and government policies in the markets in which Toyota operates that affect Toyota’s automotive operations, particularly laws, regulations and government policies relating to vehicle safety including remedial measures such as recalls, trade, environmental protection, vehicle emissions and vehicle fuel economy, as well as changes in laws, regulations and government policies that affect Toyota’s other operations, including the outcome of current and future litigation and other legal proceedings, government proceedings and investigations; (vii) political and economic instability in the markets in which Toyota operates; (viii) Toyota’s ability to timely develop and achieve market acceptance of new products that meet customer demand; (ix) any damage to Toyota’s brand image; (x) Toyota’s reliance on various suppliers for the provision of supplies; (xi) increases in prices of raw materials; (xii) Toyota’s reliance on various digital and information technologies; (xiii) fuel shortages or interruptions in electricity, transportation systems, labor strikes, work stoppages or other interruptions to, or difficulties in, the employment of labor in the major markets where Toyota purchases materials, components and supplies for the production of its products or where its products are produced, distributed or sold; and (xiv) the impact of natural calamities including the negative effect on Toyota’s vehicle production and sales.

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

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

TOYOTA MOTOR CORPORATION    FY2015 Third Quarter Financial Summary

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

TABLE OF CONTENTS

1.  Information Concerning Consolidated Financial Results for FY2015 First Nine Months	2
(1) Financial Results	2
(2) Segment Operating Results	2
(3) Geographic Information	3
2.  Information Concerning Forecast of Consolidated Financial Results for FY2015	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 consolidated financial statements	5
4.  Consolidated Production and Sales	6
(1) Production	6
(2) Sales (by destination)	6
5.  Consolidated Financial Statements	7
(1) Consolidated Balance Sheets	7
(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income	9
(3) 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    FY2015 Third Quarter Financial Summary

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

1. Information Concerning Consolidated Financial Results for FY2015 First Nine Months

(1) Financial Results

Consolidated vehicle unit sales in Japan and overseas decreased by 45 thousand units, or 0.7%, to 6,740 thousand units in FY2015 first nine months (the nine months ended December 31, 2014) compared with FY2014 first nine months (the nine months ended December 31, 2013). Vehicle unit sales in Japan decreased by 113 thousand units, or 6.9%, to 1,529 thousand units in FY2015 first nine months compared with FY2014 first nine months. Meanwhile, overseas vehicle unit sales increased by 68 thousand units, or 1.3%, to 5,211 thousand units in FY2015 first nine months compared with FY2014 first nine months.

As for the results of operations, net revenues increased by 993.0 billion yen, or 5.2%, to 20,115.6 billion yen in FY2015 first nine months compared with FY2014 first nine months, and operating income increased by 258.8 billion yen, or 13.9%, to 2,114.8 billion yen in FY2015 first nine months compared with FY2014 first nine months. The factors contributing to an increase in operating income were the effects of changes in exchange rates of 215.0 billion yen, cost reduction efforts of 200.0 billion yen, and other factors of 113.8 billion yen. On the other hand, the factors contributing to a decrease in operating income were the increase in expenses and others of 240.0 billion yen and the effects of marketing activities of 30.0 billion yen. Income before income taxes and equity in earnings of affiliated companies increased by 333.1 billion yen, or 16.5%, to 2,355.6 billion yen in FY2015 first nine months compared with FY2014 first nine months. Net income attributable to Toyota Motor Corporation increased by 200.7 billion yen, or 13.2%, to 1,726.8 billion yen in FY2015 first nine months compared with FY2014 first nine months.

(2) Segment Operating Results

(i) Automotive:

Net revenues for the automotive operations increased by 827.0 billion yen, or 4.7%, to 18,556.9 billion yen in FY2015 first nine months compared with FY2014 first nine months, and operating income increased by 167.9 billion yen, or 10.3%, to 1,791.5 billion yen in FY2015 first nine months compared with FY2014 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 162.5 billion yen, or 15.4%, to 1,215.1 billion yen in FY2015 first nine months compared with FY2014 first nine months, and operating income increased by 84.4 billion yen, or 42.1%, to 285.0 billion yen in FY2015 first nine months compared with FY2014 first nine months. The increase in operating income was mainly due to the recording of valuation gains on interest rate swaps stated at fair value in sales finance subsidiaries.

(iii) All other:

Net revenues for all other businesses increased by 69.8 billion yen, or 8.9%, to 856.3 billion yen in FY2015 first nine months compared with FY2014 first nine months, and operating income increased by 2.2 billion yen, or 5.5%, to 43.2 billion yen in FY2015 first nine months compared with FY2014 first nine months.

2

TOYOTA MOTOR CORPORATION    FY2015 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 18.8 billion yen, or 0.2%, to 10,506.6 billion yen in FY2015 first nine months compared with FY2014 first nine months. However, operating income decreased by 17.8 billion yen, or 1.5%, to 1,143.5 billion yen in FY2015 first nine months compared with FY2014 first nine months. The decrease in operating income was mainly due to the increase in expenses and others, and decreases in both production volume and vehicle unit sales.

(ii) North America:

Net revenues in North America increased by 949.9 billion yen, or 15.3%, to 7,154.7 billion yen in FY2015 first nine months compared with FY2014 first nine months, and operating income increased by 221.5 billion yen, or 80.6%, to 496.4 billion yen in FY2015 first nine months compared with FY2014 first nine months. The increase in operating income was mainly due to increases in both production volume and vehicle unit sales and the recording of valuation gains on interest rate swaps stated at fair value in sales finance subsidiaries.

(iii) Europe:

Net revenues in Europe increased by 107.9 billion yen, or 5.3%, to 2,137.2 billion yen in FY2015 first nine months compared with FY2014 first nine months, and operating income increased by 23.3 billion yen, or 54.2%, to 66.4 billion yen in FY2015 first nine months compared with FY2014 first nine months. The increase in operating income was mainly due to cost reduction efforts and increases in both production volume and vehicle unit sales.

(iv) Asia:

Net revenues in Asia increased by 48.4 billion yen, or 1.3%, to 3,700.9 billion yen in FY2015 first nine months compared with FY2014 first nine months, and operating income increased by 14.8 billion yen, or 4.9%, to 320.6 billion yen in FY2015 first nine months compared with FY2014 first nine months. The increase in operating income was mainly due to cost reduction efforts.

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

Net revenues in other regions increased by 94.6 billion yen, or 5.3%, to 1,890.2 billion yen in FY2015 first nine months compared with FY2014 first nine months. However, operating income decreased by 1.0 billion yen, or 1.0%, to 107.2 billion yen in FY2015 first nine months compared with FY2014 first nine months.

3

TOYOTA MOTOR CORPORATION    FY2015 Third Quarter Financial Summary

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

2. Information Concerning Forecast of Consolidated Financial Results for FY2015

Reflecting the current trend of foreign currency exchange rates, the current forecast of consolidated financial results for FY2015 (April 1, 2014 through March 31, 2015) is set forth below. This forecast assumes average exchange rates through the fiscal year of 109 yen per US$1 and 139 yen per 1 euro.

Forecast of consolidated results for FY2015

Net revenues	27,000.0 billion yen	(an increase of 5.1% compared with FY2014)
Operating income	2,700.0 billion yen	(an increase of 17.8% compared with FY2014)
Income before income taxes and equity in earnings of affiliated companies	2,920.0 billion yen	(an increase of 19.6% compared with FY2014)
Net income attributable to Toyota Motor Corporation	2,130.0 billion yen	(an increase of 16.8% compared with FY2014)

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

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

4

TOYOTA MOTOR CORPORATION    FY2015 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 consolidated financial statements

In July 2013, the Financial Accounting Standards Board issued updated guidance on uncertain tax positions. This guidance requires an unrecognized tax benefit, or a portion of an unrecognized tax benefit, to be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward for tax purposes, a similar tax loss, or a tax credit carryforward. The parent company and its consolidated subsidiaries (“Toyota”) adopted this guidance on April 1, 2014. The adoption of this guidance did not have a material impact on Toyota’s consolidated financial statements.

5

TOYOTA MOTOR CORPORATION    FY2015 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		FY2014 first nine months (April 1, 2013 through December  31, 2013)		FY2015 first nine months (April 1, 2014 through December  31, 2014)		Increase (Decrease)
Automotive	Japan		3,174,234		3,040,834		(133,400	)
	North America		1,324,043		1,456,654		132,611
	Europe		371,863		401,662		29,799
	Asia		1,445,340		1,367,724		(77,616	)
	Other		372,860		376,853		3,993
	Total		6,688,340		6,643,727		(44,613	)
Other	Housing		4,465		3,792		(673	)
Business segment		FY2014 third quarter (October 1, 2013 through December 31,  2013)		FY2015 third quarter (October 1, 2014 through December 31,  2014)		Increase (Decrease)
Automotive	Japan		1,031,356		993,782		(37,574	)
	North America		433,913		485,986		52,073
	Europe		132,406		149,551		17,145
	Asia		509,667		438,890		(70,777	)
	Other		125,489		127,318		1,829
	Total		2,232,831		2,195,527		(37,304	)
Other	Housing		1,624		1,504		(120	)

Note: 1 Production in “Automotive” indicates production units of new vehicles.

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

(2) Sales (by destination)

		(Units)
Business segment		FY2014 first nine months (April 1, 2013 through December  31, 2013)		FY2015 first nine months (April 1, 2014 through December  31, 2014)		Increase (Decrease)
Automotive	Japan		1,641,420		1,528,162		(113,258	)
	North America		1,962,212		2,107,623		145,411
	Europe		629,713		633,578		3,865
	Asia		1,201,290		1,128,713		(72,577	)
	Other		1,349,888		1,341,082		(8,806	)
	Total		6,784,523		6,739,158		(45,365	)
Other	Housing		4,000		3,393		(607	)
Business segment		FY2014 third quarter (October 1, 2013 through December 31,  2013)		FY2015 third quarter (October 1, 2014 through December 31,  2014)		Increase (Decrease)
Automotive	Japan		540,214		497,933		(42,281	)
	North America		664,168		712,518		48,350
	Europe		222,779		219,361		(3,418	)
	Asia		421,704		373,895		(47,809	)
	Other		467,897		458,929		(8,968	)
	Total		2,316,762		2,262,636		(54,126	)
Other	Housing		1,335		1,210		(125	)

Note: 1 Sales in “Automotive” indicates sales units of new vehicles.

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

6

TOYOTA MOTOR CORPORATION    FY2015 Third Quarter Financial Summary

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

5. Consolidated Financial Statements

(1) Consolidated Balance Sheets

	(Yen in millions)
	FY2014 (March 31, 2014)			FY2015 third quarter (December 31, 2014)			Increase (Decrease)
Assets
Current assets:
Cash and cash equivalents		2,041,170			2,398,166			356,996
Time deposits		180,207			81,840			(98,367	)
Marketable securities		2,046,877			2,060,583			13,706
Trade accounts and notes receivable, less allowance for doubtful accounts		2,036,232			1,986,294			(49,938	)
Finance receivables, net		5,628,934			6,445,115			816,181
Other receivables		351,182			395,941			44,759
Inventories		1,894,704			2,133,775			239,071
Deferred income taxes		866,386			827,268			(39,118	)
Prepaid expenses and other current assets		672,014			687,632			15,618
Total current assets		15,717,706			17,016,614			1,298,908
Noncurrent finance receivables, net		8,102,294			9,478,700			1,376,406
Investments and other assets:
Marketable securities and other securities investments		6,765,043			7,758,794			993,751
Affiliated companies		2,429,778			2,582,978			153,200
Employees receivables		44,966			46,301			1,335
Other		736,388			829,146			92,758
Total investments and other assets		9,976,175			11,217,219			1,241,044
Property, plant and equipment:
Land		1,314,040			1,344,606			30,566
Buildings		4,073,335			4,287,094			213,759
Machinery and equipment		10,381,285			10,978,899			597,614
Vehicles and equipment on operating leases		3,709,560			5,022,305			1,312,745
Construction in progress		286,571			471,891			185,320
Total property, plant and equipment, at cost		19,764,791			22,104,795			2,340,004
Less – Accumulated depreciation		(12,123,493	)		(13,095,104	)		(971,611	)
Total property, plant and equipment, net		7,641,298			9,009,691			1,368,393
Total assets		41,437,473			46,722,224			5,284,751

7

TOYOTA MOTOR CORPORATION    FY2015 Third Quarter Financial Summary

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

	(Yen in millions)
	FY2014 (March 31,  2014)			FY2015 third quarter (December 31, 2014)			Increase (Decrease)
Liabilities
Current liabilities:
Short-term borrowings		4,830,820			5,533,651			702,831
Current portion of long-term debt		2,949,663			3,733,492			783,829
Accounts payable		2,213,218			2,158,513			(54,705	)
Other payables		845,426			761,164			(84,262	)
Accrued expenses		2,313,160			2,469,081			155,921
Income taxes payable		594,829			223,181			(371,648	)
Other current liabilities		933,569			1,196,970			263,401
Total current liabilities		14,680,685			16,076,052			1,395,367
Long-term liabilities:
Long-term debt		8,546,910			9,983,032			1,436,122
Accrued pension and severance costs		767,618			830,069			62,451
Deferred income taxes		1,811,846			2,230,580			418,734
Other long-term liabilities		411,427			474,342			62,915
Total long-term liabilities		11,537,801			13,518,023			1,980,222
Total liabilities		26,218,486			29,594,075			3,375,589
Shareholders’ equity
Toyota Motor Corporation shareholders’ equity:
Common stock, no par value, authorized: 10,000,000,000 shares at March 31, 2014 and December 31, 2014 issued: 3,447,997,492 shares at March 31, 2014 and 3,417,997,492 shares at December 31, 2014		397,050			397,050			—
Additional paid-in capital		551,308			548,889			(2,419	)
Retained earnings		14,116,295			15,044,056			927,761
Accumulated other comprehensive income (loss)		528,161			1,557,134			1,028,973
Treasury stock, at cost, 278,231,473 shares at March 31, 2014 and 272,420,013 shares at December 31, 2014		(1,123,666	)		(1,231,071	)		(107,405	)
Total Toyota Motor Corporation shareholders’ equity		14,469,148			16,316,058			1,846,910
Noncontrolling interests		749,839			812,091			62,252
Total shareholders’ equity		15,218,987			17,128,149			1,909,162
Commitments and contingencies
Total liabilities and shareholders’ equity		41,437,473			46,722,224			5,284,751

8

TOYOTA MOTOR CORPORATION    FY2015 Third Quarter Financial Summary

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

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

First nine months ended December 31

Consolidated Statements of Income

	(Yen in millions)
	FY2014 first nine months (Nine months ended December 31, 2013)			FY2015 first nine months (Nine months ended December 31, 2014)			Increase (Decrease)
Net revenues:
Sales of products		18,101,814			18,929,509			827,695
Financing operations		1,020,715			1,186,105			165,390
Total net revenues		19,122,529			20,115,614			993,085
Costs and expenses:
Cost of products sold		14,840,183			15,401,729			561,546
Cost of financing operations		629,594			663,605			34,011
Selling, general and administrative		1,796,768			1,935,454			138,686
Total costs and expenses		17,266,545			18,000,788			734,243
Operating income		1,855,984			2,114,826			258,842
Other income (expense):
Interest and dividend income		93,528			116,950			23,422
Interest expense		(15,321	)		(16,777	)		(1,456	)
Foreign exchange gain, net		63,035			104,286			41,251
Other income, net		25,255			36,350			11,095
Total other income (expense)		166,497			240,809			74,312
Income before income taxes and equity in earnings of affiliated companies		2,022,481			2,355,635			333,154
Provision for income taxes		644,928			789,704			144,776
Equity in earnings of affiliated companies		248,077			251,037			2,960
Net income		1,625,630			1,816,968			191,338
Less - Net income attributable to noncontrolling interests		(99,543	)		(90,105	)		9,438
Net income attributable to Toyota Motor Corporation		1,526,087			1,726,863			200,776
	(Yen)
Net income attributable to Toyota Motor Corporation per share
Basic		481.60			545.94			64.34
Diluted		481.27			545.68			64.41

9

TOYOTA MOTOR CORPORATION    FY2015 Third Quarter Financial Summary

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

Consolidated Statements of Comprehensive Income

	(Yen in millions)
	FY2014 first nine months (Nine months ended December 31, 2013)			FY2015 first nine months (Nine months ended December 31, 2014)			Increase (Decrease)
Net income		1,625,630			1,816,968			191,338
Other comprehensive income (loss), net of tax
Foreign currency translation adjustments		335,614			517,169			181,555
Unrealized gains (losses) on securities		597,990			547,683			(50,307	)
Pension liability adjustments		(759	)		436			1,195
Total other comprehensive income (loss)		932,845			1,065,288			132,443
Comprehensive income		2,558,475			2,882,256			323,781
Less - Comprehensive income attributable to noncontrolling interests		(108,452	)		(126,420	)		(17,968	)
Comprehensive income attributable to Toyota Motor Corporation		2,450,023			2,755,836			305,813

10

TOYOTA MOTOR CORPORATION    FY2015 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

Consolidated Statements of Income

	(Yen in millions)
	FY2014 third  quarter (Three months ended December 31, 2013)			FY2015 third  quarter (Three months ended December 31, 2014)			Increase (Decrease)
Net revenues:
Sales of products		6,229,811			6,742,115			512,304
Financing operations		355,233			427,902			72,669
Total net revenues		6,585,044			7,170,017			584,973
Costs and expenses:
Cost of products sold		5,133,757			5,476,153			342,396
Cost of financing operations		213,436			241,636			28,200
Selling, general and administrative		637,342			689,348			52,006
Total costs and expenses		5,984,535			6,407,137			422,602
Operating income		600,509			762,880			162,371
Other income (expense):
Interest and dividend income		35,398			43,907			8,509
Interest expense		(5,583	)		(7,308	)		(1,725	)
Foreign exchange gain, net		46,311			40,125			(6,186	)
Other income, net		2,321			6,857			4,536
Total other income (expense)		78,447			83,581			5,134
Income before income taxes and equity in earnings of affiliated companies		678,956			846,461			167,505
Provision for income taxes		207,748			296,113			88,365
Equity in earnings of affiliated companies		89,286			85,141			(4,145	)
Net income		560,494			635,489			74,995
Less - Net income attributable to noncontrolling interests		(35,030	)		(35,462	)		(432	)
Net income attributable to Toyota Motor Corporation		525,464			600,027			74,563
	(Yen)
Net income attributable to Toyota Motor Corporation per share
Basic		165.80			189.87			24.07
Diluted		165.70			189.77			24.07

11

TOYOTA MOTOR CORPORATION    FY2015 Third Quarter Financial Summary

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

Consolidated Statements of Comprehensive Income

	(Yen in millions)
	FY2014 third quarter (Three months ended December 31, 2013)			FY2015 third quarter (Three months ended December 31, 2014)			Increase (Decrease)
Net income		560,494			635,489			74,995
Other comprehensive income (loss), net of tax
Foreign currency translation adjustments		240,983			374,342			133,359
Unrealized gains (losses) on securities		292,424			323,715			31,291
Pension liability adjustments		(2,848	)		(426	)		2,422
Total other comprehensive income (loss)		530,559			697,631			167,072
Comprehensive income		1,091,053			1,333,120			242,067
Less - Comprehensive income attributable to noncontrolling interests		(46,425	)		(62,472	)		(16,047	)
Comprehensive income attributable to Toyota Motor Corporation		1,044,628			1,270,648			226,020

12

TOYOTA MOTOR CORPORATION    FY2015 Third Quarter Financial Summary

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

(3) Consolidated Statements of Cash Flows

	(Yen in millions)
	FY2014 first nine months (Nine months ended December 31, 2013)			FY2015 first nine months (Nine months ended December 31, 2014)
Cash flows from operating activities:
Net income		1,625,630			1,816,968
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation		914,323			1,017,636
Provision for doubtful accounts and credit losses		33,987			51,466
Pension and severance costs, less payments		11,843			21,986
Losses on disposal of fixed assets		18,482			19,197
Unrealized losses on available-for-sale securities, net		2,937			2,488
Deferred income taxes		71,236			83,752
Equity in earnings of affiliated companies		(248,077	)		(251,037	)
Changes in operating assets and liabilities, and other		296,650			(424,845	)
Net cash provided by operating activities		2,727,011			2,337,611
Cash flows from investing activities:
Additions to finance receivables		(9,101,384	)		(9,873,674	)
Collection of and proceeds from sales of finance receivables		8,178,724			9,252,856
Additions to fixed assets excluding equipment leased to others		(665,463	)		(753,621	)
Additions to equipment leased to others		(1,275,129	)		(1,619,741	)
Proceeds from sales of fixed assets excluding equipment leased to others		26,138			31,714
Proceeds from sales of equipment leased to others		577,522			569,739
Purchases of marketable securities and security investments		(3,556,002	)		(1,890,945	)
Proceeds from sales of and maturity of marketable securities and security investments		2,617,150			1,945,071
Changes in investments and other assets, and other		(143,246	)		80,906
Net cash used in investing activities		(3,341,690	)		(2,257,695	)
Cash flows from financing activities:
Proceeds from issuance of long-term debt		2,895,059			3,256,589
Payments of long-term debt		(2,268,556	)		(2,222,231	)
Increase in short-term borrowings		479,598			84,703
Dividends paid to Toyota Motor Corporation shareholders		(396,030	)		(554,933	)
Dividends paid to noncontrolling interests		(62,765	)		(69,188	)
Reissuance (repurchase) of treasury stock		7,707			(354,233	)
Net cash provided by financing activities		655,013			140,707
Effect of exchange rate changes on cash and cash equivalents		84,762			136,373
Net increase in cash and cash equivalents		125,096			356,996
Cash and cash equivalents at beginning of period		1,718,297			2,041,170
Cash and cash equivalents at end of period		1,843,393			2,398,166

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.

(4) Going Concern Assumption

None

13

TOYOTA MOTOR CORPORATION    FY2015 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

FY2014 first nine months (Nine months ended December 31, 2013)

	(Yen in millions)
	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

FY2015 first nine months (Nine months ended December 31, 2014)

	(Yen in millions)
	Automotive		Financial Services		All Other		Inter-segment Elimination			Consolidated
Net revenues:
Sales to external customers		18,514,257		1,186,105		415,252		—			20,115,614
Inter-segment sales and transfers		42,694		29,008		441,054		(512,756	)		—
Total		18,556,951		1,215,113		856,306		(512,756	)		20,115,614
Operating expenses		16,765,356		930,070		813,078		(507,716	)		18,000,788
Operating income		1,791,595		285,043		43,228		(5,040	)		2,114,826
FY2014 third quarter (Three months ended December 31, 2013)
	(Yen in millions)
	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
FY2015 third quarter (Three months ended December 31, 2014)
	(Yen in millions)
	Automotive		Financial Services		All Other		Inter-segment Elimination			Consolidated
Net revenues:
Sales to external customers		6,595,190		427,902		146,925		—			7,170,017
Inter-segment sales and transfers		14,495		9,837		154,150		(178,482	)		—
Total		6,609,685		437,739		301,075		(178,482	)		7,170,017
Operating expenses		5,958,362		337,211		286,255		(174,691	)		6,407,137
Operating income		651,323		100,528		14,820		(3,791	)		762,880

14

TOYOTA MOTOR CORPORATION    FY2015 Third Quarter Financial Summary

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

(ii) Geographic Information

FY2014 first nine months (Nine months ended December 31, 2013)

	(Yen in millions)
	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
FY2015 first nine months (Nine months ended December 31, 2014)
	(Yen in millions)
	Japan		North America		Europe		Asia		Other		Inter-segment Elimination			Consolidated
Net revenues:
Sales to external customers		5,976,817		6,971,138		2,029,188		3,399,998		1,738,473		—			20,115,614
Inter-segment sales and transfers		4,529,866		183,616		108,049		300,964		151,815		(5,274,310	)		—
Total		10,506,683		7,154,754		2,137,237		3,700,962		1,890,288		(5,274,310	)		20,115,614
Operating expenses		9,363,106		6,658,332		2,070,759		3,380,344		1,782,991		(5,254,744	)		18,000,788
Operating income		1,143,577		496,422		66,478		320,618		107,297		(19,566	)		2,114,826
Note: “Other” consists of Central and South America, Oceania, Africa and the Middle East.
FY2014 third quarter (Three months ended December 31, 2013)
	(Yen in millions)
	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
FY2015 third quarter (Three months ended December 31, 2014)
	(Yen in millions)
	Japan		North America		Europe		Asia		Other		Inter-segment Elimination			Consolidated
Net revenues:
Sales to external customers		2,007,235		2,594,014		728,988		1,214,474		625,306		—			7,170,017
Inter-segment sales and transfers		1,648,635		60,989		42,375		103,871		58,952		(1,914,822	)		—
Total		3,655,870		2,655,003		771,363		1,318,345		684,258		(1,914,822	)		7,170,017
Operating expenses		3,231,060		2,471,248		738,089		1,210,647		654,917		(1,898,824	)		6,407,137
Operating income		424,810		183,755		33,274		107,698		29,341		(15,998	)		762,880

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

15

TOYOTA MOTOR CORPORATION    FY2015 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