FINANCIAL SUMMARY

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

FY2019 Second Quarter

(April 1, 2018 through September 30, 2018)

English translation from the original Japanese-language document

TOYOTA MOTOR CORPORATION

FY2019 Second 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

November 6, 2018

Company name	: Toyota Motor Corporation
Stock exchanges on which the shares are listed	: Tokyo and Nagoya Stock Exchanges in Japan
Code number	: 7203
URL Representative	: http://www.toyota.co.jp : Akio Toyoda, President
Contact person	: Kenta Kon, Managing Officer, General Manager of Accounting Division   Tel. (0565)28-2121
Filing date of quarterly securities report	: November 13, 2018
Payment date of cash dividends	: November 27, 2018
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 FY2019 First Half (April 1, 2018 through September 30, 2018)

(1) Consolidated financial results (For the six months ended September 30)

	(% of change from previous first half)
	Net revenues				Operating income				Income before income taxes and equity in earnings of affiliated companies				Net income attributable to Toyota Motor Corporation
	Million yen		%		Million yen		%		Million yen		%		Million yen		%
FY2019 first half		14,674,006		3.4		1,261,845		15.1		1,548,809		23.7		1,242,392		16.0
FY2018 first half		14,191,207		8.6		1,096,541		-1.8		1,252,173		6.4		1,071,328		13.2

(Note) Comprehensive income: FY2019 first half 1,516,668 million yen ( 10.9 %), FY2018 first half 1,367,140 million yen ( 462.7 %)

	Net income attributable to Toyota Motor Corporation per common share – Basic		Net income attributable to Toyota Motor Corporation per common share – Diluted
	Yen		Yen
FY2019 first half		427.02		422.68
FY2018 first half		359.55		355.92

(2) Consolidated financial position

	Total assets		Mezzanine equity and Shareholders’ equity		Toyota Motor Corporation shareholders’ equity		Ratio of Toyota Motor Corporation shareholders’ equity
	Million yen		Million yen		Million yen		%
FY2019 second quarter		52,516,005		20,709,190		19,511,392		37.2
FY2018		50,308,249		19,922,076		18,735,982		37.2

2. Cash Dividends

	Annual cash dividends per common share
	End of first quarter		End of second quarter		End of third quarter		Year-end		Total
	Yen		Yen		Yen		Yen		Yen
FY2018		—		100.00		—		120.00		220.00
FY2019		—		100.00
FY2019 (forecast)						—		—		—

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

Please refer to “(Reference) Cash Dividends on Class Shares” for information regarding cash dividends on class shares, which are unlisted and have different rights from common stock.

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

	(% of change from FY2018)
	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 common share – Basic
	Million yen		%		Million yen		%		Million yen		%		Million yen		%		Yen
Full-year		29,500,000		0.4		2,400,000		0.0		2,720,000		3.8		2,300,000		-7.8		793.21

(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 9 “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 9 “Other Information”.

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

(i) Number of shares issued and outstanding at the end of each period (including treasury stock):FY2019 second quarter 3,262,997,492 shares, FY2018 3,262,997,492 shares

(ii) Number of treasury stock at the end of each period: FY2019 second quarter 393,737,193 shares,FY2018 353,073,500 shares

(iii) Average number of shares issued and outstanding in each period: FY2019 first half 2,892,141,263 shares,FY2018 first half 2,962,527,513 shares

This report is not reviewed.

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

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

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

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

(Reference) Cash Dividends on Class Shares

Cash dividends on class shares, which have different rights from common stock, are as follows:

	Annual cash dividends per First Series Model AA Class Share
	End of first quarter		End of second quarter		End of third quarter		Year-end		Total
	Yen		Yen		Yen		Yen		Yen
FY2018		—		79.00		—		79.00		158.00
FY2019		—		105.50
FY2019 (forecast)						—		—		—

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

TOYOTA MOTOR CORPORATION    FY2019 Second Quarter Financial Summary

TABLE OF CONTENTS

1.  Consolidated Financial Statements	2
(1) Consolidated Balance Sheets	2
(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income	4
(3) Consolidated Statements of Cash Flows	8
(4) Going Concern Assumption	9
(5) Significant Changes in Shareholders’ Equity	9
2.  Other Information	9
(1) Changes in significant subsidiaries during the current period	9
(2) Simplified accounting procedures and accounting procedures specific to quarterly consolidated financial statements	9
(3) Changes in accounting principles, procedures, and disclosures for consolidated financial statements	9
Supplemental Material for Financial Results for FY2019 Second Quarter

1

TOYOTA MOTOR CORPORATION    FY2019 Second Quarter Financial Summary

1. Consolidated Financial Statements

(1) Consolidated Balance Sheets

	(Yen in millions)
	FY2018 (March 31, 2018)			FY2019 second quarter (September 30, 2018)			Increase (Decrease)
Assets
Current assets:
Cash and cash equivalents		3,052,269			3,246,746			194,477
Time deposits		901,244			1,213,273			312,029
Marketable securities		1,768,360			1,409,930			(358,430	)
Trade accounts and notes receivable, less allowance for doubtful accounts		2,219,562			2,161,538			(58,024	)
Finance receivables, net		6,348,306			6,569,109			220,803
Other receivables		489,338			432,238			(57,100	)
Inventories		2,539,789			2,583,535			43,746
Prepaid expenses and other current assets		833,788			909,624			75,836
Total current assets		18,152,656			18,525,993			373,337
Noncurrent finance receivables, net		9,481,618			10,259,345			777,727
Investments and other assets:
Marketable securities and other securities investments		7,999,323			8,513,926			514,603
Affiliated companies		3,162,917			3,216,315			53,398
Employees receivables		22,562			22,438			(124	)
Other		1,221,500			1,297,069			75,569
Total investments and other assets		12,406,302			13,049,748			643,446
Property, plant and equipment:
Land		1,404,611			1,397,488			(7,123	)
Buildings		4,659,753			4,733,951			74,198
Machinery and equipment		11,535,381			11,809,909			274,528
Vehicles and equipment on operating leases		5,934,393			6,359,528			425,135
Construction in progress		509,851			558,088			48,237
Total property, plant and equipment, at cost		24,043,989			24,858,964			814,975
Less – Accumulated depreciation		(13,776,316	)		(14,178,045	)		(401,729	)
Total property, plant and equipment, net		10,267,673			10,680,919			413,246
Total assets		50,308,249			52,516,005			2,207,756

2

TOYOTA MOTOR CORPORATION    FY2019 Second Quarter Financial Summary

	(Yen in millions)
	FY2018 (March 31, 2018)			FY2019 second quarter (September 30, 2018)			Increase (Decrease)
Liabilities
Current liabilities:
Short-term borrowings		5,154,913			5,355,210			200,297
Current portion of long-term debt		4,186,277			4,465,791			279,514
Accounts payable		2,586,657			2,380,962			(205,695	)
Other payables		1,048,216			879,149			(169,067	)
Accrued expenses		3,104,260			3,153,891			49,631
Income taxes payable		462,327			381,199			(81,128	)
Other current liabilities		1,254,241			1,365,705			111,464
Total current liabilities		17,796,891			17,981,907			185,016
Long-term liabilities:
Long-term debt		10,006,374			11,064,495			1,058,121
Accrued pension and severance costs		931,182			943,000			11,818
Deferred income taxes		1,118,165			1,240,865			122,700
Other long-term liabilities		533,561			576,548			42,987
Total long-term liabilities		12,589,282			13,824,908			1,235,626
Total liabilities		30,386,173			31,806,815			1,420,642
Mezzanine equity
Model AA Class Shares, no par value, authorized: 150,000,000 shares at March 31, 2018 and September 30, 2018 issued: 47,100,000 shares at March 31, 2018 and September 30, 2018		491,974			495,648			3,674
Shareholders’ equity
Toyota Motor Corporation shareholders’ equity:
Common stock, no par value, authorized: 10,000,000,000 shares at March 31, 2018 and September 30, 2018 issued: 3,262,997,492 shares at March 31, 2018 and September 30, 2018		397,050			397,050			—
Additional paid-in capital		487,502			487,354			(148	)
Retained earnings		19,473,464			21,456,737			1,983,273
Accumulated other comprehensive income (loss)		435,699			(472,865	)		(908,564	)
Treasury stock, at cost, 353,073,500 shares at March 31, 2018 and 393,737,193 shares at September 30, 2018		(2,057,733	)		(2,356,884	)		(299,151	)
Total Toyota Motor Corporation shareholders’ equity		18,735,982			19,511,392			775,410
Noncontrolling interests		694,120			702,150			8,030
Total shareholders’ equity		19,430,102			20,213,542			783,440
Commitments and contingencies
Total liabilities, mezzanine equity and shareholders’ equity		50,308,249			52,516,005			2,207,756

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

3

TOYOTA MOTOR CORPORATION    FY2019 Second Quarter Financial Summary

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

First half for the six months ended September 30
Consolidated Statements of Income
	(Yen in millions)
	FY2018 first half (Six months ended September 30, 2017)	FY2019 first half (Six months ended September 30, 2018)	Increase (Decrease)
Net revenues:
Sales of products	13,233,974	13,638,830	404,856
Financing operations	957,233	1,035,176	77,943
Total net revenues	14,191,207	14,674,006	482,799
Costs and expenses:
Cost of products sold	10,989,823	11,290,626	300,803
Cost of financing operations	626,259	693,531	67,272
Selling, general and administrative	1,478,584	1,428,004	(50,580)
Total costs and expenses	13,094,666	13,412,161	317,495
Operating income	1,096,541	1,261,845	165,304
Other income (expense):
Interest and dividend income	92,762	124,778	32,016
Interest expense	(13,541)	(11,603)	1,938
Foreign exchange gain, net	53,819	64,784	10,965
Unrealized gains (losses) on equity securities	—	147,849	147,849
Other income (loss), net	22,592	(38,844)	(61,436)
Total other income (expense)	155,632	286,964	131,332
Income before income taxes and equity in earnings of affiliated companies	1,252,173	1,548,809	296,636
Provision for income taxes	374,247	473,591	99,344
Equity in earnings of affiliated companies	235,043	222,587	(12,456)
Net income	1,112,969	1,297,805	184,836
Less – Net income attributable to noncontrolling interests	(41,641)	(55,413)	(13,772)
Net income attributable to Toyota Motor Corporation	1,071,328	1,242,392	171,064
Note:  Net income attributable to common shareholders for the first half ended September 30, 2018 and 2017 is 1,234,998 million yen and 1,065,182 million yen, respectively, which is derived by deducting dividend and accretion to Model AA Class Shares of 7,394 million yen and 6,146 million yen, respectively, from Net income attributable to Toyota Motor Corporation.
	(Yen)
Net income attributable to Toyota Motor Corporation per common share
Basic	359.55	427.02	67.47
Diluted	355.92	422.68	66.76

4

TOYOTA MOTOR CORPORATION    FY2019 Second Quarter Financial Summary

Consolidated Statements of Comprehensive Income
	(Yen in millions)
	FY2018 first half (Six months ended September 30, 2017)			FY2019 first half (Six months ended September 30, 2018)			Increase (Decrease)
Net income		1,112,969			1,297,805			184,836
Other comprehensive income (loss), net of tax
Foreign currency translation adjustments		76,126			141,848			65,722
Unrealized gains (losses) on securities		174,048			65,855			(108,193	)
Pension liability adjustments		3,997			11,160			7,163
Total other comprehensive income (loss)		254,171			218,863			(35,308	)
Comprehensive income		1,367,140			1,516,668			149,528
Less – Comprehensive income attributable to noncontrolling interests		(48,490	)		(57,836	)		(9,346	)
Comprehensive income attributable to Toyota Motor Corporation		1,318,650			1,458,832			140,182

5

TOYOTA MOTOR CORPORATION    FY2019 Second Quarter Financial Summary

Second quarter for the three months ended September 30
Consolidated Statements of Income
	(Yen in millions)
	FY2018 second quarter (Three months ended September 30, 2017)	FY2019 second quarter (Three months ended September 30, 2018)	Increase (Decrease)
Net revenues:
Sales of products	6,655,852	6,784,867	129,015
Financing operations	487,749	526,406	38,657
Total net revenues	7,143,601	7,311,273	167,672
Costs and expenses:
Cost of products sold	5,547,092	5,650,630	103,538
Cost of financing operations	315,927	345,376	29,449
Selling, general and administrative	758,335	736,109	(22,226)
Total costs and expenses	6,621,354	6,732,115	110,761
Operating income	522,247	579,158	56,911
Other income (expense):
Interest and dividend income	26,002	36,890	10,888
Interest expense	(9,153)	(8,164)	989
Foreign exchange gain, net	31,028	25,568	(5,460)
Unrealized gains (losses) on equity securities	—	112,816	112,816
Other income (loss), net	2,701	(11,323)	(14,024)
Total other income (expense)	50,578	155,787	105,209
Income before income taxes and equity in earnings of affiliated companies	572,825	734,945	162,120
Provision for income taxes	188,849	227,428	38,579
Equity in earnings of affiliated companies	97,241	106,052	8,811
Net income	481,217	613,569	132,352
Less – Net income attributable to noncontrolling interests	(22,945)	(28,483)	(5,538)
Net income attributable to Toyota Motor Corporation	458,272	585,086	126,814
Note:  Net income attributable to common shareholders for the second quarter ended September 30, 2018 and 2017 is 581,389 million yen and 455,199 million yen, respectively, which is derived by deducting dividend and accretion to Model AA Class Shares of 3,697 million yen and 3,073 million yen, respectively, from Net income attributable to Toyota Motor Corporation.
	(Yen)
Net income attributable to Toyota Motor Corporation per common share
Basic	154.28	202.20	47.92
Diluted	152.87	200.21	47.34

6

TOYOTA MOTOR CORPORATION    FY2019 Second Quarter Financial Summary

Consolidated Statements of Comprehensive Income
	(Yen in millions)
	FY2018 second quarter (Three months ended September 30, 2017)	FY2019 second quarter (Three months ended September 30, 2018)	Increase (Decrease)
Net income	481,217	613,569	132,352
Other comprehensive income (loss), net of tax
Foreign currency translation adjustments	60,838	91,139	30,301
Unrealized gains (losses) on securities	111,154	65,771	(45,383)
Pension liability adjustments	5,327	3,715	(1,612)
Total other comprehensive income (loss)	177,319	160,625	(16,694)
Comprehensive income	658,536	774,194	115,658
Less – Comprehensive income attributable to noncontrolling interests	(27,003)	(35,000)	(7,997)
Comprehensive income attributable to Toyota Motor Corporation	631,533	739,194	107,661

7

TOYOTA MOTOR CORPORATION    FY2019 Second Quarter Financial Summary

(3) Consolidated Statements of Cash Flows

	(Yen in millions)
	FY2018 first half (Six months ended September 30, 2017)			FY2019 first half (Six months ended September 30, 2018)
Cash flows from operating activities:
Net income		1,112,969			1,297,805
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation		834,275			865,307
Provision for doubtful accounts and credit losses		40,884			28,999
Pension and severance costs, less payments		4,022			10,161
Losses on disposal of fixed assets		18,651			19,093
Unrealized losses (gains) on marketable securities		327			(143,474	)
Deferred income taxes		41,212			65,051
Equity in earnings of affiliated companies		(235,043	)		(222,587	)
Changes in operating assets and liabilities, and other		215,996			(94,167	)
Net cash provided by operating activities		2,033,293			1,826,188
Cash flows from investing activities:
Additions to finance receivables		(7,390,735	)		(7,878,662	)
Collection of and proceeds from sales of finance receivables		6,915,378			7,358,000
Additions to fixed assets excluding equipment leased to others		(579,173	)		(717,435	)
Additions to equipment leased to others		(1,192,899	)		(1,204,802	)
Proceeds from sales of fixed assets excluding equipment leased to others		20,287			26,237
Proceeds from sales of equipment leased to others		593,914			693,712
Purchases of marketable securities and security investments		(1,636,248	)		(1,089,727	)
Proceeds from sales of and maturity of marketable securities and security investments		1,364,695			1,289,729
Changes in investments and other assets, and other		(31,529	)		(331,318	)
Net cash used in investing activities		(1,936,310	)		(1,854,266	)
Cash flows from financing activities:
Proceeds from issuance of long-term debt		2,529,387			3,037,778
Payments of long-term debt		(2,300,693	)		(2,201,865	)
Increase in short-term borrowings		96,364			13,205
Dividends paid to Toyota Motor Corporation class shareholders		(2,473	)		(3,721	)
Dividends paid to Toyota Motor Corporation common shareholders		(327,220	)		(349,191	)
Dividends paid to noncontrolling interests		(48,955	)		(42,240	)
Reissuance (repurchase) of treasury stock		(248,421	)		(299,595	)
Net cash provided by (used in) financing activities		(302,011	)		154,371
Effect of exchange rate changes on cash and cash equivalents and restricted cash and cash equivalents		19,327			36,933
Net increase (decrease) in cash and cash equivalents and restricted cash and cash equivalents		(185,701	)		163,226
Cash and cash equivalents and restricted cash and cash equivalents at beginning of period		3,149,326			3,219,639
Cash and cash equivalents and restricted cash and cash equivalents at end of period		2,963,625			3,382,865

Note: Cash and cash equivalents and restricted cash and cash equivalents for the first half ended September 30, 2018 include restricted cash and cash equivalents of 167,370 million yen and 136,119 million yen at the beginning of the period and the end of the period, respectively. Restricted cash and cash equivalents were included in Prepaid expenses and other current assets in the consolidated balance sheets.

8

TOYOTA MOTOR CORPORATION    FY2019 Second Quarter Financial Summary

(4) Going Concern Assumption

None

(5) Significant Changes in Shareholders’ Equity

None

2. 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 half 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 May 2014, the Financial Accounting Standards Board (“FASB”) issued updated guidance on the recognition of revenue from contracts with customers. This guidance requires an entity to recognize revenue when promised goods or services are transferred to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services and supersedes the current revenue recognition guidance. The parent company and its consolidated subsidiaries (“Toyota”) applied the modified retrospective method of adoption to contracts that were not completed as of the adoption on April 1, 2018. The adoption of this guidance did not have a material impact on Toyota’s consolidated financial statements.

In January 2016, the FASB issued updated guidance for financial instruments. This guidance addresses certain aspects of recognition, measurement, presentation, and disclosure of financial instruments and requires entities to measure equity investments at fair value and recognize any changes in fair value in net income. Toyota adopted this guidance on April 1, 2018. Toyota recognized a cumulative-effect adjustment to retained earnings of ¥1,125,109 million as of April 1, 2018 for after-tax unrealized gains (losses) on equity securities previously recognized in accumulated other comprehensive income. Unrealized gains (losses) on equity securities, which is mainly included in “Unrealized gains (losses) on equity securities” of Toyota’s consolidated statements of income for the first half ended September 30, 2018, was ¥143,474 million.

9

TOYOTA MOTOR CORPORATION    FY2019 Second Quarter Financial Summary

In August 2016, the FASB issued updated guidance for classification of statement of cash flows. This guidance clarifies classification of certain cash receipts and cash payments of statement of cash flows. Toyota adopted this guidance on April 1, 2018. The adoption of this guidance did not have a material impact on Toyota’s consolidated financial statements.

In October 2016, the FASB issued updated guidance that would require entities to recognize the income tax consequences of intercompany asset transfers other than inventory. Toyota adopted this guidance on April 1, 2018. The adoption of this guidance did not have a material impact on Toyota’s consolidated financial statements.

In November 2016, the FASB issued updated guidance for the statement of cash flows. This guidance requires that restricted cash and restricted cash equivalents should be included with cash and cash equivalents. It also requires entities to disclose how the statement of cash flows that includes restricted cash with cash and cash equivalents reconciles to the balance sheet. Toyota adopted this guidance on April 1, 2018. The adoption of this guidance did not have a material impact on Toyota’s consolidated financial statements. Restricted cash and cash equivalents mainly include customer collections on securitized receivables to be distributed to investors as payments on the related secured debt.

10

Supplemental Material for Financial Results for FY2019 Second Quarter (Consolidated)

< U.S. GAAP >

	FY2018																		FY2019									FY2019
	1Q (2017/4-6)			2Q (2017/7-9)			First Half 6 months (2017/4-9)			3Q (2017/10-12)			4Q (2018/1-3)			12 months (’17/4-’18/3)			1Q (2018/4-6)			2Q (2018/7-9)			First Half 6 months (2018/4-9)			Forecast 12 months (’18/4-’19/3)
Vehicle Production (thousands of units)		2,216			2,176			4,392			2,266			2,306			8,964			2,199			2,184			4,383
(Japan) – including Daihatsu & Hino		1,023			1,039			2,062			1,100			1,124			4,286			1,003			1,004			2,007
[Daihatsu & Hino]		[266	]		[260	]		[526	]		[273	]		[288	]		[1,087	]		[257	]		[257	]		[514	]
(Overseas) – including Daihatsu & Hino		1,193			1,137			2,330			1,166			1,182			4,678			1,196			1,180			2,376
[Daihatsu & Hino]		[92	]		[93	]		[186	]		[90	]		[129	]		[404	]		[133	]		[162	]		[295	]
North America		509			438			947			459			497			1,903			517			447			964
Europe		176			152			328			178			175			681			168			159			326
Asia		383			406			789			413			399			1,601			402			449			851
Central and South America		79			86			164			90			79			333			82			93			176
Oceania		20			23			43			0			0			43			0			0			0
Africa		26			32			59			26			32			117			28			31			59
Vehicle Sales (thousands of units)		2,215			2,175			4,389			2,289			2,286			8,964			2,236			2,183			4,419			8,900
(Japan) – including Daihatsu & Hino		544			543			1,087			552			616			2,255			510			521			1,031			2,200
[Daihatsu & Hino]		[164	]		[162	]		[326	]		[158	]		[201	]		[685	]		[155	]		[161	]		[316	]		[670	]
(Overseas) – including Daihatsu & Hino		1,671			1,632			3,302			1,737			1,670			6,709			1,726			1,662			3,388			6,700
[Daihatsu & Hino]		[71	]		[75	]		[145	]		[79	]		[82	]		[306	]		[75	]		[87	]		[162	]		[320	]
North America		723			672			1,396			735			675			2,806			746			665			1,411			2,750
Europe		240			229			469			237			262			968			253			240			493			950
Asia		363			382			744			404			394			1,543			394			417			811			1,680
Central and South America		108			109			217			118			110			445			117			120			237			460
Oceania		74			70			144			71			68			283			72			74			146			280
Africa		42			46			88			46			50			184			48			50			98			180
Middle East		119			122			240			123			109			472			93			95			188			400
Other		2			2			4			3			2			8			2			2			4
Total Retail Unit Sales (thousands of units) [Toyota, Daihatsu and Hino]		2,590			2,626			5,216			2,631			2,594			10,441			2,616			2,677			5,293			10,500
Housing Sales (units)		2,312			5,399			7,711			2,699			5,812			16,222			1,892			4,808			6,700			15,700

Supplemental 1

Supplemental Material for Financial Results for FY2019 Second Quarter (Consolidated)

< U.S. GAAP >

	FY2018																		FY2019									FY2019
	1Q (2017/4-6)			2Q (2017/7-9)			First Half 6 months (2017/4-9)			3Q (2017/10-12)			4Q (2018/1-3)			12 months (’17/4-’18/3)			1Q (2018/4-6)			2Q (2018/7-9)			First Half 6 months (2018/4-9)			Forecast 12 months (’18/4-’19/3)
Foreign Exchange Rates
Yen to US Dollar Rate		111			111			111			113			108			111			109			111			110			as premise: 110
Yen to Euro Rate		122			130			126			133			133			130			130			130			130			as premise: 130
Market Share (Japan)
Toyota (excluding Mini-Vehicles) (%)		49.3			45.1			47.1			50.0			44.0			46.9			46.2			45.2			45.7			approximately: 46.0
Toyota, Daihatsu and Hino (including Mini-Vehicles) (%)		46.2			43.3			44.7			46.8			42.0			44.4			43.8			42.7			43.2
Number of Employees		371,888			371,286			371,286			368,883			369,124			369,124			373,272			371,796			371,796	(Note 1)
Net Revenues (billions of yen)		7,047.6			7,143.6			14,191.2			7,605.7			7,582.5			29,379.5			7,362.7			7,311.2			14,674.0			29,500.0
Geographic Information
Japan		3,686.3			3,881.8			7,568.2			4,173.1			4,283.4			16,024.8			3,865.4			4,012.3			7,877.8
North America		2,661.4			2,567.7			5,229.2			2,799.8			2,545.3			10,574.4			2,791.1			2,636.4			5,427.5
Europe		761.5			758.2			1,519.8			792.2			873.1			3,185.2			785.8			795.8			1,581.7
Asia		1,196.7			1,287.6			2,484.4			1,341.5			1,322.2			5,148.1			1,316.2			1,318.7			2,634.9
Other		612.4			625.4			1,237.8			616.2			599.2			2,453.2			598.4			608.3			1,206.8
Elimination		-1,870.8			-1,977.3			-3,848.2			-2,117.1			-2,040.9			-8,006.4			-1,994.4			-2,060.4			-4,054.9
Business Segment
Automotive		6,368.6			6,368.2			12,736.8			6,862.8			6,798.1			26,397.9			6,633.4			6,514.8			13,148.3
Financial Services		503.7			493.8			997.5			512.5			506.8			2,017.0			516.8			534.4			1,051.3
All Other		337.9			430.8			768.8			381.0			496.2			1,646.1			358.0			412.3			770.4
Elimination		-162.8			-149.2			-312.1			-150.7			-218.7			-681.5			-145.6			-150.3			-296.0
Operating Income (billions of yen)		574.2			522.2			1,096.5			673.6			629.6			2,399.8			682.6			579.1			1,261.8			2,400.0
(Operating Income Ratio) (%)		(8.1	)		(7.3	)		(7.7	)		(8.9	)		(8.3	)		(8.2	)		(9.3	)		(7.9	)		(8.6	)		(8.1	)
Geographic Information
Japan		319.2			321.3			640.5			470.6			548.7			1,659.9			395.9			354.2			750.2
North America		89.2			55.3			144.6			33.1			-38.8			138.8			63.5			47.4			110.9
Europe		20.3			17.4			37.7			23.3			13.8			75.0			23.0			38.1			61.2
Asia		104.3			109.8			214.2			123.6			95.3			433.1			146.3			137.1			283.4
Other		38.6			31.6			70.3			33.0			9.2			112.6			43.2			22.7			65.9
Elimination		2.4			-13.4			-10.9			-10.1			1.2			-19.8			10.4			-20.5			-10.0
Business Segment
Automotive		489.3			423.1			912.5			569.0			529.5			2,011.1			602.5			462.2			1,064.7
Financial Services		75.3			69.4			144.7			82.6			58.1			285.5			73.5			81.4			154.9
All Other		13.6			22.8			36.4			24.7			39.5			100.8			11.4			29.3			40.8
Elimination		-4.0			6.8			2.8			-2.7			2.3			2.3			-4.8			6.1			1.2
Income before Income Taxes (billions of yen)		679.3			572.8			1,252.1			750.9			617.3			2,620.4			813.8			734.9			1,548.8			2,720.0
(Income before Income Taxes Ratio) (%)		(9.6	)		(8.0	)		(8.8	)		(9.9	)		(8.1	)		(8.9	)		(11.1	)		(10.1	)		(10.6	)		(9.2	)
Equity in Earnings of Affiliated Companies (billions of yen)		137.8			97.2			235.0			123.8			111.2			470.0			116.5			106.0			222.5			460.0
Net Income (billions of yen)		613.0			458.2			1,071.3			941.8			480.8			2,493.9			657.3			585.0			1,242.3			2,300.0	(Note 2)
(Net Income Ratio) (%)		(8.7	)		(6.4	)		(7.5	)		(12.4	)		(6.3	)		(8.5	)		(8.9	)		(8.0	)		(8.5	)		(7.8	)
Dividends
Common Shares
Cash Dividends (billions of yen)		—			293.4			293.4			—			349.1			642.6			—			286.9			286.9	(Note 3)
Cash Dividends per Share (yen)		—			100			100			—			120			220			—			100			100
Payout Ratio (%)		—			27.8			27.8			—			24.8			26.1			—			23.4			23.4
Model AA Class Shares
Cash Dividends (billions of yen)		—			3.7			3.7			—			3.7			7.4			—			4.9			4.9	(Note 3)
Cash Dividends per Share (yen)		—			79			79			—			79			158			—			105.5			105.5
Value of Shares Repurchased (billions of yen)[actual purchase]		—			249.9			249.9			34.9			214.9			499.9			129.1			170.8			299.9	(Note 4)
Value of Shares Repurchased (billions of yen)[shareholder return]		—			249.9			249.9			—			299.9			549.9			—			250.0 (maximum	)		250.0 (maximum	(Note 4)  )(Note 5)
Number of Outstanding Common Shares (thousands)		3,262,997			3,262,997			3,262,997			3,262,997			3,262,997			3,262,997			3,262,997			3,262,997			3,262,997
Number of Outstanding Model AA Class Shares (thousands)		47,100			47,100			47,100			47,100			47,100			47,100			47,100			47,100			47,100

Supplemental 2

Supplemental Material for Financial Results for FY2019 Second Quarter (Consolidated)

< U.S. GAAP >

	FY2018												FY2019							FY2019
	1Q (2017/4-6)		2Q (2017/7-9)		First Half 6 months (2017/4-9)		3Q (2017/10-12)		4Q (2018/1-3)		12 months (’17/4-’18/3)		1Q (2018/4-6)		2Q (2018/7-9)		First Half 6 months (2018/4-9)			Forecast 12 months (’18/4-’19/3)
R&D Expenses (billions of yen)		278.6		272.0		550.6		264.3		249.2		1,064.2		268.5		258.5		527.1			1,080.0
Depreciation Expenses (billions of yen)		212.9		242.3		455.3		248.5		260.6		964.4		217.7		255.3		473.1			1,000.0	(Note 6)
Geographic Information
Japan		108.4		132.6		241.1		136.4		145.9		523.4		108.5		148.1		256.6			550.0
North America		45.5		48.7		94.3		51.8		55.7		201.9		49.8		50.6		100.4			210.0
Europe		15.4		16.3		31.8		15.4		13.2		60.5		14.1		11.3		25.4			60.0
Asia		34.1		35.3		69.5		35.1		37.1		141.7		36.5		36.0		72.6			140.0
Other		9.2		9.2		18.5		9.6		8.6		36.7		8.6		9.1		17.7			40.0
Capital Expenditures (billions of yen)		205.7		285.1		490.9		299.4		512.3		1,302.7		311.8		307.6		619.5			1,380.0	(Note 6)
Geographic Information
Japan		112.5		152.1		264.7		156.9		264.0		685.7		143.6		167.5		311.2			730.0
North America		65.3		70.9		136.2		83.5		139.0		358.8		106.6		75.6		182.2			330.0
Europe		4.8		15.0		19.9		16.1		23.4		59.6		15.1		30.9		46.0			140.0
Asia		13.3		29.3		42.7		21.1		62.9		126.8		25.2		15.9		41.2			120.0
Other		9.6		17.6		27.2		21.7		22.7		71.7		21.2		17.5		38.7			60.0
Total Liquid Assets (billions of yen)		9,364.0		9,306.7		9,306.7		9,309.1		9,372.1		9,372.1		9,005.4		9,562.6		9,562.6	(Note 7)
Total Assets (billions of yen)		49,456.0		50,253.0		50,253.0		51,216.4		50,308.2		50,308.2		51,049.1		52,516.0		52,516.0
Toyota Motor Corporation Shareholders’ Equity (billions of yen)		17,874.2		18,253.4		18,253.4		18,996.4		18,735.9		18,735.9		18,946.9		19,511.3		19,511.3
Return on Equity (%)		13.8		10.1		11.9		20.2		10.1		13.7		13.9		12.1		12.9
Return on Asset (%)		5.0		3.7		4.3		7.4		3.8		5.0		5.2		4.5		4.8
Number of Consolidated Subsidiaries (including Variable Interest Entities)												606
No. of Affil. Accounted for Under the Equity Method												57

Analysis of Consolidated Net Income for FY2019 (billions of yen, approximately)	2Q (2018/7-9)		First Half 6 months(Note 2) (2018/4-9)
Marketing Efforts		105.0		150.0
Effects of Changes in Exchange Rates		-20.0		-20.0
Cost Reduction Efforts		15.0		30.0
From Engineering		0.0		0.0
From Manufacturing and Logistics		15.0		30.0
Increase or decrease in expenses and expense reduction efforts		-20.0		40.0
Other		-23.1		-34.7
(Changes in Operating Income)		56.9		165.3
Non-operating Income		105.2		131.3
Equity in Earnings of Affiliated Companies		8.8		-12.4
Income Taxes, Net Income Attributable to Noncontrolling Interests		-44.1		-113.1
(Changes in Net Income)		126.8		171.0	(Note 2)

Supplemental 3

Supplemental Material for Financial Results for FY2019 Second Quarter (Unconsolidated)

< Japan GAAP >

	FY2018																		FY2019									FY2019
	1Q (2017/4-6)			2Q (2017/7-9)			First Half 6 months (2017/4-9)			3Q (2017/10-12)			4Q (2018/1-3)			12 months (‘17/4-‘18/3)			1Q (2018/4-6)			2Q (2018/7-9)			First Half 6 months (2018/4-9)			Forecast 12 months (‘18/4-‘19/3)
Toyota & Lexus brand
Domestic Vehicle Production (thousands of units)		757			779			1,536			827			836			3,199			746			748			1,493			3,200
Overseas Vehicle Production (thousands of units)		1,464			1,420			2,884			1,435			1,405			5,724			1,451			1,443			2,895			5,700
Domestic Vehicle Retail Sales (thousands of units)		390			383			773			384			440			1,597			359			381			740			1,540
Exports Vehicle Sales (thousands of units)		440			457			897			504			481			1,882			464			461			925			1,940
North America		190			193			383			220			193			796			191			197			388			820
Europe		57			63			120			57			71			248			65			56			121			260
Asia		72			77			149			97			77			323			76			83			159			330
Central and South America		12			12			24			14			15			53			16			11			27			50
Oceania		40			42			82			38			46			166			46			43			89			180
Africa		14			15			29			13			12			54			14			14			28			60
Middle East		53			54			107			63			64			234			54			55			109			240
Other		2			1			3			2			3			8			2			2			4
Net Revenues (billions of yen)		2,870.2			2,918.1			5,788.3			3,259.8			3,153.2			12,201.4			2,980.3			3,026.3			6,006.6			12,300.0
Domestic		962.8			946.5			1,909.4			1,067.5			1,098.4			4,075.4			923.9			949.9			1,873.9
Exports		1,907.3			1,971.5			3,878.8			2,192.2			2,054.8			8,126.0			2,056.3			2,076.3			4,132.7
Operating Income (billions of yen)		222.4			215.5			438.0			343.3			476.1			1,257.5			308.7			284.5			593.3			1,220.0
(Operating Income Ratio) (%)		(7.8	)		(7.4	)		(7.6	)		(10.5	)		(15.1	)		(10.3	)		(10.4	)		(9.4	)		(9.9	)		(9.9	)
Ordinary Income (billions of yen)		570.7			513.2			1,084.0			674.4			479.7			2,238.1			714.8			507.6			1,222.5			2,160.0
(Ordinary Income Ratio) (%)		(19.9	)		(17.6	)		(18.7	)		(20.7	)		(15.2	)		(18.3	)		(24.0	)		(16.8	)		(20.4	)		(17.6	)
Net Income (billions of yen)		488.1			437.4			925.6			585.7			347.9			1,859.3			591.5			397.7			989.3			1,750.0
(Net Income Ratio) (%)		(17.0	)		(15.0	)		(16.0	)		(18.0	)		(11.0	)		(15.2	)		(19.8	)		(13.1	)		(16.5	)		(14.2	)
R&D Expenses (billions of yen)		241.6			237.3			479.0			230.3			211.2			920.6			234.4			225.1			459.6			920.0
Depreciation Expenses (billions of yen)		58.4			58.0			116.5			56.0			55.2			227.8			52.6			57.3			109.9			240.0
Capital Expenditures (billions of yen)		54.0			57.6			111.6			60.0			113.2			284.8			73.6			61.8			135.5			320.0

Analysis of Unconsolidated Net Income for FY2019 (billions of yen, approximately)	2Q (2018/7-9)		First Half 6 months (2018/4-9)
Marketing Efforts		25.0		35.0
Effects of Changes in Exchange Rates		10.0		5.0
Cost Reduction Efforts		25.0		40.0
From Engineering		20.0		35.0
From Manufacturing and Logistics		5.0		5.0
Increase or decrease in expenses and expense reduction efforts		10.0		75.0
Other		-1.1		0.2
(Changes in Operating Income)		68.9		155.2
Non-operating Income		-74.4		-16.7
Income Taxes, etc.		-34.1		-74.8
(Changes in Net Income)		-39.6		63.7

Cautionary Statement with Respect to Forward-Looking Statements

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, fluctuations in stock prices, 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.

(Note 1) Shows the number of employees as of the end of each period (excluding loan employees from Toyota and its consolidated subsidiaries (“Toyota”) to outside Toyota and including loan employees from outside Toyota to Toyota)

(Note 2) Shows “Net income attributable to Toyota Motor Corporation”

(Note 3) 2Q= Interim Dividend, 4Q= Year-end Dividend, FY= Annual Dividend

(Note 4) Value of common shares repurchased (excluding shares constituting less than one unit that were purchased upon request)

(Note 5) Value of common shares repurchased (shareholder return on Net Income for the period)

(Note 6) Figures for depreciation expenses and capital expenditures do not include vehicles in operating lease

(Note 7) Cash and cash equivalents, time deposits, marketable debt securities and its investment in monetary trust funds, excluding in eash case those relating to financial services

Supplemental 4