[Reference Translation]
May 12, 2021
To Whom It May Concern:
Company Name: TOYOTA MOTOR CORPORATIONName and Title of Representative:
Akio Toyoda, President(Code Number: 7203
First Section of Tokyo Stock Exchange
and Nagoya Stock Exchange)
Name and Title of Contact Person:
Kaname Shimizu, General Manager,
Accounting Division(Telephone Number: 0565-28-2121)

Notice Concerning Distribution of Dividends from Surplus

At a meeting held on May 12, 2021, the Board of Directors of Toyota Motor Corporation (“TMC”)
resolved to distribute dividends from surplus, with a record date of March 31, 2021. In relation to theabove, we hereby inform you of the following:
1. Details of dividends(1) Common shares

Record date
Dividend per share
Total amount of dividends
Effective date
Source of dividends

Determined year-end
dividend
for FY 2021
March 31, 2021
135.00 yen
377,453 million yen
May 28, 2021
Retained earnings

Most recent dividend
forecast

Year-end dividend paid
for FY 2020

March 31, 2021
-March 31, 2020
120.00 yen
331,938 million yen
May 28, 2020
Retained earnings[Reference] Details of dividends per common share through the fiscal year
Dividends for FY 2020
Dividends for FY 2021
Record date(ended March 31,2021)(ended March 31,2020)
105.00 yen
100.00 yen
End of interim period
135.00 yen
120.00 yen
End of fiscal period
240.00 yen
220.00 yen
Total(2) First Series Model AA Class Shares
Year-end dividendfor FY 2021
Record date
March 31, 2021
Dividend per share
132.00 yen
Total amount of dividends
2,998 million yen
Effective date
May 28, 2021
Source of dividends
Retained earnings

Most recent dividend
forecast
March 31, 2021
-Year-end dividend paid
for FY 2020March 31, 2020
132.00 yen
6,217 million yen
May 28, 2020
Retained earnings[Reference] Details of dividends per First Series Model AA Class Share through the fiscal year
Dividends for FY 2020
Dividends for FY 2021
Record date(ended March 31,2021)(ended March 31,2020)
132.00 yen
132.00 yen
End of interim period
132.00yen
132.00 yen
End of fiscal period
264.00 yen
264.00 yen
Total

2. Reason for the dividend amount
TMC deems the benefit of its shareholders as one of its priority management policies, and it
continues to work to improve its corporate structure to realize sustainable growth in order toenhance its corporate value.
TMC will strive for the stable and continuous payment of dividends, seeking to maintain andimprove upon the consolidated payout ratio of 30% to its shareholders.
With a view to surviving tough competition and transitioning to a mobility company, TMC will utilize
its internal funds mainly for growth investment for the next generation such as environmental
technologies to achieve a carbon neutral society and safety technologies for the safety and securityof its customers.
Considering these factors, with respect to the dividends for this consolidated fiscal year, TMC
determined to pay a year-end dividend of 135 yen per common share and as a result, the annual
dividend will be 240 yen per common share when combined with the interim dividend of 105 yen
per common share.
In addition, TMC determined to pay a year-end dividend of 132.00 yen per First Series Model AA
Class Share in accordance with a prescribed calculation method and as a result, the annual
dividend will be 264 yen per share when combined with the interim dividend of 132.00 yen pershare.
-End-