# EDGAR Filing Document

**Accession Number:** 0001094517
**File Stem:** 0001193125-25-265584
**Filing Date:** 2025-11
**Character Count:** 102966
**Document Hash:** a7ded88ee5fba1df58bd19d079a2915f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-265584.hdr.sgml**: 20251105

**ACCESSION NUMBER**: 0001193125-25-265584

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 33

**CONFORMED PERIOD OF REPORT**: 20251105

**FILED AS OF DATE**: 20251105

**DATE AS OF CHANGE**: 20251105

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TOYOTA MOTOR CORP/
- **CENTRAL INDEX KEY:** 0001094517
- **STANDARD INDUSTRIAL CLASSIFICATION:** MOTOR VEHICLES & PASSENGER CAR BODIES [3711]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 000000000
- **STATE OF INCORPORATION:** M0
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-14948
- **FILM NUMBER:** 251451585

**BUSINESS ADDRESS:**
- **STREET 1:** 1 TOYOTA CHO TOYOTA CITY
- **STREET 2:** AICHI PREFECTURE 471-8571
- **CITY:** JAPAN
- **STATE:** M0
- **ZIP:** 00000
- **BUSINESS PHONE:** 81-565-28-2121

**MAIL ADDRESS:**
- **STREET 1:** 1 TOYOTA CHO TOYOTA CITY
- **STREET 2:** AICHI PREFECTURE 471-8571
- **CITY:** JAPAN
- **STATE:** M0
- **ZIP:** 00000

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

**FORM 6-K** 

**Report of Foreign Private Issuer** 

**Pursuant to Rule 13a-16 or 15d-16 under** 

**the Securities Exchange Act of 1934** 

**For the month of November, 2025** 

**Commission File Number 001-14948** 

## Toyota Motor Corporation
**(Translation of Registrant's Name Into English)** 

**1, Toyota-cho, Toyota City,** 

**Aichi Prefecture 471-8571,** 

**Japan** 

**(Address of Principal Executive Offices)** 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F <u>X</u> Form 40-F

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):<u> </u> 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):<u> </u> 

------

**Material Contained in this Report:** 

I. English translations of the original Japanese-language documents, as filed with the Tokyo Stock Exchange on
November 5, 2025, with respect to the registrant's results of operations for the second quarter of FY2026 ended September 30, 2025.

II. English translations of the second quarter of FY2026 Presentation Documents, as filed by the registrant with
the Tokyo Stock Exchange on November 5, 2025.

------

**SIGNATURES** 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

---

| | | |
|:---|:---|:---|
| Toyota Motor Corporation | Toyota Motor Corporation | Toyota Motor Corporation |
| By: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ Yoshihide Moriyama | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ Yoshihide Moriyama |
|  | Name: | Yoshihide Moriyama |
|  | Title: | General Manager, |
|  |  | Capital Strategy & Affiliated Companies Finance Division |

---

Date: November 5, 2025

## Exhibit 99.1

##### [**Table of Contents**](#toc)

## FINANCIAL SUMMARY
(All financial information has been prepared in accordance with IFRS Accounting Standards)

## FY2026 Semi-Annual
(April 1, 2025 through September 30, 2025)

English translation from the original Japanese-language document

## TOYOTA MOTOR CORPORATION

------

##### [**Table of Contents**](#toc)
**FY2026 Semi-Annual Consolidated Financial Results** 

(All financial information has been prepared in accordance with IFRS Accounting Standards)

English translation from the original Japanese-language document

**November 5, 2025** 

---

| | |
|:---|:---|
|  Company name | **Toyota Motor Corporation** |
|  Stock exchanges on which the shares are listed | Tokyo and Nagoya Stock Exchanges in Japan |
|  Code number | 7203 |
|  URL | <u>https://global.toyota/jp/</u> |
|  Representative | Koji Sato, President |
|  Contact person | Hideaki Hayashi, General Manager, Accounting Division<br>Tel. (0565)28-2121 |
|  Filing date of semi-annual securities report | November 13, 2025 |
|  Payment date of cash dividends | November 26, 2025 |
|  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 FY2026 First Half (April 1, 2025 through September 30, 2025)** 

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

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **(% of change from previous first half)** | **(% of change from previous first half)** | **(% of change from previous first half)** | **(% of change from previous first half)** | **(% of change from previous first half)** | **(% of change from previous first half)** | **(% of change from previous first half)** | **(% of change from previous first half)** | **(% of change from previous first half)** | **(% of change from previous first half)** | **(% of change from previous first half)** | **(% of change from previous first half)** |
|  | **Sales revenues** | **Sales revenues** | **Operating income** | **Operating income** | **Income before<br>income taxes** | **Income before<br>income taxes** | **Net income** | **Net income** | **Net income<br>attributable to**<br>**Toyota Motor<br>Corporation** | **Net income<br>attributable to**<br>**Toyota Motor<br>Corporation** | **Comprehensive<br>income** | **Comprehensive<br>income** |
|  | **Million yen** | **%** | **Million yen** | **%** | **Million yen** | **%** | **Million yen** | **%** | **Million yen** | **%** | **Million yen** | **%** |
|  FY2026 first half | 24630753 | 5.8 | 2005692 | -18.6 | 2478127 | -9.3 | 1845135 | -1.1 | 1773426 | -7.0 | 2348135 | 45.5 |
|  FY2025 first half | 23282450 | 5.9 | 2464217 | -3.7 | 2732069 | -22.4 | 1865651 | -29.5 | 1907113 | -26.4 | 1614391 | -62.0 |

---

---

| | | |
|:---|:---|:---|
|  | **Earnings per share attributable to<br>Toyota Motor Corporation – Basic** | **Earnings per share attributable to<br>Toyota Motor Corporation – Diluted** |
|  | **Yen** | **Yen** |
|  FY2026 first half | 136.07 | 136.07 |
|  FY2025 first half | 142.15 | 142.15 |

---

(2) Consolidated financial position

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total assets** | **Total shareholders' equity** | **Toyota Motor Corporation**<br>**shareholders' equity** | **Ratio of**<br>**Toyota Motor Corporation**<br>**shareholders' equity** |
|  | **Million yen** | **Million yen** | **Million yen** | **%** |
|  FY2026 first half | 97574878 | 38456954 | 37492119 | 38.4 |
|  FY2025 | 93601350 | 36878913 | 35924826 | 38.4 |

---

**2.** **Cash Dividends** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Annual cash dividends per common share** | **Annual cash dividends per common share** | **Annual cash dividends per common share** | **Annual cash dividends per common share** | **Annual cash dividends per common share** |
|  | **End of first<br>quarter** | **End of second<br>quarter** | **End of third<br>quarter** | **Year-end** | **Total** |
|  | **Yen** | **Yen** | **Yen** | **Yen** | **Yen** |
|  FY2025 |  | 40.00 |  | 50.00 | 90.00 |
|  FY2026 |  | 45.00 |  |  |  |
|  FY2026 (forecast) |  |  |  | 50.00 | 95.00 |

---

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

**3.** **Forecast of Consolidated Results for FY2026 (April 1, 2025 through March 31, 2026)** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **(% of change from FY2025)** | **(% of change from FY2025)** | **(% of change from FY2025)** | **(% of change from FY2025)** | **(% of change from FY2025)** | **(% of change from FY2025)** | **(% of change from FY2025)** | **(% of change from FY2025)** | **(% of change from FY2025)** |
|  | **Sales revenues** | **Sales revenues** | **Operating income** | **Operating income** | **Income before income<br>taxes** | **Income before income<br>taxes** | **Net income attributable to**<br>**Toyota Motor<br>Corporation** | **Net income attributable to**<br>**Toyota Motor<br>Corporation** | **Earnings per share<br>attributable to Toyota<br>Motor Corporation – Basic** |
|  | **Million yen** | **%** | **Million yen** | **%** | **Million yen** | **%** | **Million yen** | **%** | **Yen** |
|  Full-year | 49000000 | 2.0 | 3400000 | -29.1 | 4180000 | -34.8 | 2930000 | -38.5 | 224.81 |

---

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

------

##### [**Table of Contents**](#toc)
**Notes** 

(1) Significant changes in the scope of consolidation during the period: none

(2) Changes in accounting policies and changes in accounting estimates

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Changes in accounting policies required by IFRS Accounting Standards: none

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Changes in accounting estimates: none

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Number of shares issued and outstanding at the end of each period (including treasury stock):

FY2026 first half 15,794,987,460 shares, FY2025 15,794,987,460 shares

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Number of treasury stock at the end of each period:

FY2026 first half 2,761,598,241 shares, FY2025 2,746,057,686 shares

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Average number of shares issued and outstanding in each period:

FY2026 first half 13,033,161,110 shares, FY2025 first half 13,416,064,614 shares

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Note) Toyota Motor Corporation has adopted a share-based compensation plan using a Stock-Granting Employee Stock
Ownership Plan (ESOP) Trust. Toyota Motor Corporation shares held by the Trust are included in both the number of shares of treasury stock at the end of the fiscal period, as well as the shares of treasury stock to be deducted when calculating the
average number of shares during the period.

**These semi-annual consolidated financial results are not subject to certified public accountant's or audit firm's review.** 

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

This report contains forward-looking statements that reflect the plans and expectations of Toyota Motor Corporation and its consolidated subsidiaries ("Toyota"). 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 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 and regulations, as well as other government actions, in the markets in which Toyota operates that affect Toyota's operations, particularly laws, regulations and government actions relating to vehicle safety including remedial measures such as recalls, environmental protection, vehicle emissions and vehicle fuel economy, and tariffs and other trade policies, as well as 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, as well as information security; (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; (xiv) the impact of natural calamities, epidemics, political and economic instability, fuel shortages or interruptions in social infrastructure, wars, terrorism and labor strikes, including their negative effect on Toyota's vehicle production and sales; (xv) the impact of climate change and the transition towards a low-carbon economy; and (xvi) the ability of Toyota to hire or retain sufficient human resources.

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

With respect to (vi) above, the forecast of consolidated financial results for the fiscal year ending March 31, 2026 announced today reflects an 1,450.0 billion yen estimated full fiscal year negative impact on operating income due to U.S. tariffs. The negative impact of U.S. tariffs on consolidated operating income for the first half of FY2026 was 900.0 billion yen.

In order to convey top management's aspirations and the company's direction to all those whose lives are touched by Toyota, Toyota communicates what Toyota is really like through "Toyota Times."

"Toyota Times" (https://toyotatimes.jp/en/)

------

##### [**Table of Contents**](#toc)
TOYOTA MOTOR CORPORATION FY2026 Semi-Annual Financial Summary

**TABLE OF CONTENTS** 

---

| | |
|:---|:---|
|  **[Financial Results and Position](#tx49168_1)** | **2** |
| &nbsp;&nbsp;&nbsp;&nbsp;[1. Consolidated Financial Results for FY2026 First Half](#tx49168_2) | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;[2. Consolidated Financial Position for FY2026 First Half](#tx49168_3) | 4 |
|  **[Unaudited Condensed Semi-Annual Consolidated Financial Statements](#tx49168_4)** | **5** |
| &nbsp;&nbsp;&nbsp;&nbsp;[1. Unaudited Condensed Semi-Annual Consolidated Statement of Financial Position](#tx49168_5) | 5 |
| &nbsp;&nbsp;&nbsp;&nbsp;[2. Unaudited Condensed Semi-Annual Consolidated Statement of Income and](#tx49168_6)[Unaudited Condensed Semi-Annual Consolidated Statement of Comprehensive Income](#tx49168_6) | 7 |
| &nbsp;&nbsp;&nbsp;&nbsp;[3. Unaudited Condensed Semi-Annual Consolidated Statement of Changes in Equity](#tx49168_7) | 9 |
| &nbsp;&nbsp;&nbsp;&nbsp;[4. Unaudited Condensed Semi-Annual Consolidated Statement of Cash Flows](#tx49168_8) | 10 |
| &nbsp;&nbsp;&nbsp;&nbsp;[5. Notes to Unaudited Condensed Semi-Annual Consolidated Financial Statements](#tx49168_9) | 11 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[(1) Going Concern Assumption](#tx49168_10) | 11 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[(2) Segment Information](#tx49168_11) | 12 |

---

**Supplemental Material for Financial Results for FY2026 First Half** 

—1—

------

##### [**Table of Contents**](#toc)
TOYOTA MOTOR CORPORATION FY2026 Semi-Annual Financial Summary

**Financial Results and Position** 

1. Consolidated Financial Results for FY2026 First Half

Financial Results

Consolidated vehicle unit sales in Japan and overseas increased by 227 thousand units, or 5.0%, to 4,783 thousand units in FY2026 first half (the first half ended September 30, 2025) compared with FY2025 first half (the first half ended September 30, 2024). Vehicle unit sales in Japan increased by 31 thousand units, or 3.3%, to 970 thousand units in FY2026 first half compared with FY2025 first half. Overseas vehicle unit sales increased by 196 thousand units, or 5.4%, to 3,813 thousand units in FY2026 first half compared with FY2025 first half.

The results of operations for FY2026 first half were as follows:

---

| | | |
|:---|:---|:---|
| Sales revenues | 24,630.7 billion yen | (an increase of 1,348.3 billion yen or 5.8% compared with FY2025 first half) |
| Operating income | 2,005.6 billion yen | (a decrease of 458.5 billion yen or 18.6% compared with FY2025 first half) |
| Income before income taxes | 2,478.1 billion yen | (a decrease of 253.9 billion yen or 9.3% compared with FY2025 first half) |
| Net income attributable to<br> Toyota Motor Corporation | 1,773.4 billion yen | (a decrease of 133.6 billion yen or 7.0% compared with FY2025 first half) |

---

The changes in operating income were as follows:

---

| | |
|:---|:---|
| Marketing efforts | an increase of 645.0 billion yen |
| Effects of changes in exchange rates | a decrease of 390.0 billion yen |
| Cost reduction efforts | a decrease of 70.0 billion yen |
| Increase or decrease in expenses and expense reduction efforts | a decrease of 1,075.0 billion yen |
| Other | an increase of 431.5 billion yen |

---

—2—

------

##### [**Table of Contents**](#toc)
TOYOTA MOTOR CORPORATION FY2026 Semi-Annual Financial Summary

Segment Operating Results

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Automotive:

Sales revenues for the automotive operations increased by 1,008.3 billion yen, or 4.8%, to 22,100.5 billion yen in FY2026 first half compared with FY2025 first half. However, operating income decreased by 582.2 billion yen, or 28.2%, to 1,485.4 billion yen in FY2026 first half compared with FY2025 first half. The decrease in operating income was mainly due to the increase in expenses and others.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Financial services:

Sales revenues for the financial services operations increased by 287.3 billion yen, or 14.1%, to 2,330.3 billion yen in FY2026 first half compared with FY2025 first half, and operating income increased by 117.9 billion yen, or 35.5%, to 450.4 billion yen in FY2026 first half compared with FY2025 first half. The increase in operating income was mainly due to increase in valuation gains on interest rate swaps in sales finance subsidiaries in the United States.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) All other:

Sales revenues for all other businesses increased by 82.5 billion yen, or 12.6%, to 735.8 billion yen in FY2026 first half compared with FY2025 first half. However, operating income decreased by 5.2 billion yen, or 7.0%, to 68.8 billion yen in FY2026 first half compared with FY2025 first half.

Geographic Information

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Japan:

Sales revenues in Japan decreased by 28.1 billion yen, or 0.3%, to 10,513.2 billion yen in FY2026 first half compared with FY2025 first half, and operating income decreased by 405.2 billion yen, or 26.6%, to 1,117.1 billion yen in FY2026 first half compared with FY2025 first half. The decrease in operating income was mainly due to the increase in expenses and others.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) North America:

Sales revenues in North America increased by 943.1 billion yen, or 9.9%, to 10,468.5 billion yen in FY2026 first half compared with FY2025 first half. However, operating income decreased by 181.6 billion yen to an operating loss of 67.8 billion yen in FY2026 first half compared with FY2025 first half. The decrease in operating income was mainly due to the increase in expenses and others.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Europe:

Sales revenues in Europe increased by 257.3 billion yen, or 8.9%, to 3,146.5 billion yen in FY2026 first half compared with FY2025 first half. However, operating income decreased by 15.2 billion yen, or 7.0%, to 200.7 billion yen in FY2026 first half compared with FY2025 first half. The decrease in operating income was mainly due to the effects of marketing activities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) Asia:

Sales revenues in Asia decreased by 18.5 billion yen, or 0.4%, to 4,451.5 billion yen in FY2026 first half compared with FY2025 first half, and operating income decreased by 46.1 billion yen, or 9.4%, to 444.2 billion yen in FY2026 first half compared with FY2025 first half. The decrease in operating income was mainly due to the effects of changes in exchange rates.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) Other (Central and South America, Oceania, Africa and the Middle East):

Sales revenues in other regions increased by 206.7 billion yen, or 9.7%, to 2,327.2 billion yen in FY2026 first half compared with FY2025 first half, and operating income increased by 61.3 billion yen, or 43.6%, to 201.9 billion yen in FY2026 first half compared with FY2025 first half. The increase in operating income was mainly due to marketing efforts.

—3—

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##### [**Table of Contents**](#toc)
TOYOTA MOTOR CORPORATION FY2026 Semi-Annual Financial Summary

2. Consolidated Financial Position for FY2026 First Half

Financial Position

The financial position for FY2026 first half was as follows:

Total assets increased by 3,973.5 billion yen, or 4.2%, to 97,574.8 billion yen at the end of FY2026 first half compared with the end of FY2025. Liabilities increased by 2,395.4 billion yen, or 4.2%, to 59,117.9 billion yen at the end of FY2026 first half compared with the end of FY2025. Shareholders' equity increased by 1,578.0 billion yen, or 4.3%, to 38,456.9 billion yen at the end of FY2026 first half compared with the end of FY2025.

Overview of Cash Flow

Cash and cash equivalents decreased by 869.4 billion yen, or 9.7%, to 8,112.9 billion yen at the end of FY2026 first half compared with the end of FY2025.

The increases or decreases for each cash flow activity compared with the previous fiscal year are as follows:

Cash flows from operating activities

Net cash flows from operating activities resulted in an increase in cash by 2,944.6 billion yen for FY2026 first half. Net cash provided by operating activities increased by 1,127.4 billion yen from 1,817.1 billion yen for FY2025 first half.

Cash flows from investing activities

Net cash flows from investing activities resulted in a decrease in cash by 3,517.5 billion yen for FY2026 first half. Net cash used in investing activities increased by 431.7 billion yen from 3,085.7 billion yen for FY2025 first half.

Cash flows from financing activities

Net cash flows from financing activities resulted in a decrease in cash by 362.0 billion yen for FY2026 first half. Net cash used in financing activities increased by 72.3 billion yen from 289.7 billion yen for FY2025 first half.

—4—

------

##### [**Table of Contents**](#toc)
TOYOTA MOTOR CORPORATION FY2026 Semi-Annual Financial Summary

**Unaudited Condensed Semi-Annual Consolidated Financial Statements** 

1. Unaudited Condensed Semi-Annual Consolidated Statement of Financial Position

---

| | | |
|:---|:---|:---|
|  | **Yen in millions** | **Yen in millions** |
|  | **March 31, 2025** | **September 30, 2025** |
|  Assets |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Current assets |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash and cash equivalents | 8982404 | 8112922 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trade accounts and other receivables | 3679722 | 3801122 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Receivables related to financial services | 11453249 | 11910921 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other financial assets | 6935759 | 8805350 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Inventories | 4598232 | 4821814 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Income tax receivable | 216528 | 227836 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other current assets | 1212783 | 1262757 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total current assets | 37078676 | 38942722 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-current assets |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investments accounted for using the equity method | 5798051 | 5777572 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Receivables related to financial services | 22171786 | 23199276 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other financial assets | 9882841 | 10148449 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Property, plant and equipment |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Land | 1428122 | 1491464 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Buildings | 6170063 | 6467191 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Machinery and equipment | 16621243 | 17153009 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vehicles and equipment on operating leases | 8051945 | 8647282 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Construction in progress | 1596145 | 1445899 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total property, plant and equipment, at cost | 33867518 | 35204845 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Less - Accumulated depreciation and impairment losses | (18533826) | (19174977) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total property, plant and equipment, net | 15333693 | 16029868 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Right of use assets | 583068 | 663542 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Intangible assets | 1363266 | 1367271 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred tax assets | 517869 | 536739 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other non-current assets | 872101 | 909439 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total non-current assets | 56522674 | 58632156 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total assets | 93601350 | 97574878 |

---

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TOYOTA MOTOR CORPORATION FY2026 Semi-Annual Financial Summary

---

| | | |
|:---|:---|:---|
|  | **Yen in millions** | **Yen in millions** |
|  | **March 31, 2025** | **September 30, 2025** |
|  Liabilities |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Current liabilities |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trade accounts and other payables | 5527347 | 5764146 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-term and current portion of long-term debt | 15829516 | 16235532 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accrued expenses | 1827933 | 1857933 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other financial liabilities | 1869117 | 2677163 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Income taxes payable | 505500 | 574797 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Liabilities for quality assurance | 1965748 | 1998031 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other current liabilities | 1909059 | 1923591 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total current liabilities | 29434220 | 31031192 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-current liabilities |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Long-term debt | 22963363 | 23628745 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other financial liabilities | 435594 | 394497 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retirement benefit liabilities | 1019568 | 1028940 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred tax liabilities | 1659433 | 1744667 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other non-current liabilities | 1210260 | 1289883 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total non-current liabilities | 27288217 | 28086732 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total liabilities | 56722437 | 59117924 |
|  Shareholders' equity |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common stock | 397050 | 397050 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Additional paid-in capital | 492368 | 493414 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retained earnings | 35841218 | 37061816 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other components of equity | 3610133 | 3995233 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Treasury stock | (4415943) | (4455394) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Toyota Motor Corporation shareholders' equity | 35924826 | 37492119 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-controlling interests | 954088 | 964835 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total shareholders' equity | 36878913 | 38456954 |
|  Total liabilities and shareholders' equity | 93601350 | 97574878 |

---

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##### [**Table of Contents**](#toc)
TOYOTA MOTOR CORPORATION FY2026 Semi-Annual Financial Summary

2. Unaudited Condensed Semi-Annual Consolidated Statement of Income and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unaudited Condensed Semi-Annual Consolidated Statement of Comprehensive Income

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unaudited Condensed Semi-Annual Consolidated Statement of Income

---

| | | |
|:---|:---|:---|
|  | **Yen in millions** | **Yen in millions** |
|  | **For the first half ended**<br>**September 30, 2024** | **For the first half ended**<br>**September 30, 2025** |
|  Sales revenues |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sales of products | 21263215 | 22324109 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial services | 2019235 | 2306644 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total sales revenues | 23282450 | 24630753 |
|  Costs and expenses |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost of products sold | 17134152 | 19001590 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost of financial services | 1281362 | 1464512 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Selling, general and administrative | 2402719 | 2158959 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total costs and expenses | 20818233 | 22625061 |
|  Operating income | 2464217 | 2005692 |
|  Share of profit (loss) of investments accounted for using the equity method | 264315 | 272624 |
|  Other finance income | 270945 | 292746 |
|  Other finance costs | (53694) | (25010) |
|  Foreign exchange gain (loss), net | (226811) | (52787) |
|  Other income (loss), net | 13097 | (15138) |
|  Income before income taxes | 2732069 | 2478127 |
|  Income tax expense | 866418 | 632993 |
|  Net income | 1865651 | 1845135 |
|  Net income attributable to |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Toyota Motor Corporation | 1907113 | 1773426 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-controlling interests | (41462) | 71709 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net income | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1865651 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1845135 |
|  | **Yen** | **Yen** |
|  Earnings per share attributable to Toyota Motor Corporation |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Basic and Diluted | 142.15 | 136.07 |

---

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TOYOTA MOTOR CORPORATION FY2026 Semi-Annual Financial Summary

Unaudited Condensed Semi-Annual Consolidated Statement of Comprehensive Income

---

| | | |
|:---|:---|:---|
|  | **Yen in millions** | **Yen in millions** |
|  | **For the first half ended**<br>**September 30, 2024** | **For the first half ended**<br>**September 30, 2025** |
|  Net income | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1865651 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1845135 |
|  Other comprehensive income, net of tax |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Items that will not be reclassified to profit (loss) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net changes in revaluation of financial assets measured at fair value through other comprehensive income | 58283 | 391463 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Remeasurements of defined benefit plans | (5209) | (9750) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Share of other comprehensive income of equity method investees | (51348) | (13531) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total of items that will not be reclassified to profit (loss) | 1726 | 368181 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Items that may be reclassified subsequently to profit (loss) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exchange differences on translating foreign operations | (512676) | 182985 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net changes in revaluation of financial assets measured at fair value through other comprehensive income | 83151 | 27957 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Share of other comprehensive income of equity method investees | 176539 | (76123) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total of items that may be reclassified subsequently to profit (loss) | (252986) | 134819 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total other comprehensive income, net of tax | (251260) | 503001 |
|  Comprehensive income | 1614391 | 2348135 |
|  Comprehensive income for the period attributable to |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Toyota Motor Corporation | 1653798 | 2258145 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-controlling interests | (39407) | 89990 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comprehensive income | 1614391 | 2348135 |

---

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TOYOTA MOTOR CORPORATION FY2026 Semi-Annual Financial Summary

3. Unaudited Condensed Semi-Annual Consolidated Statement of Changes in Equity

**For the first half ended September 30, 2024** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Yen in millions** | **Yen in millions** | **Yen in millions** | **Yen in millions** | **Yen in millions** | **Yen in millions** | **Yen in millions** | **Yen in millions** |
|  | **Common**<br>**stock** | **Additional**<br>**paid-in<br>capital** | **Retained**<br>**earnings** | **Other**<br>**components**<br>**of equity** | **Treasury**<br>**stock** | **Toyota Motor<br>Corporation<br>shareholders'<br>equity** | **Non-**<br>**controlling<br>interests** | **Total**<br>**shareholders'**<br>**equity** |
|  Balances at April 1, 2024 | 397050 | 491802 | 32795365 | 4503756 | (3966982) | 34220991 | 1018347 | 35239338 |
|  Comprehensive income |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net income |  |  | 1907113 |  |  | 1907113 | (41462) | 1865651 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other comprehensive income, net of tax |  |  |  | (253316) |  | (253316) | 2055 | (251260) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total comprehensive income |  |  | 1907113 | (253316) |  | 1653798 | (39407) | 1614391 |
|  Transactions with owners and other |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends paid |  |  | (606338) |  |  | (606338) | (94686) | (701024) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Repurchase of treasury stock |  |  |  |  | (903464) | (903464) |  | (903464) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reissuance of treasury stock |  | 1356 |  |  | 866 | 2222 |  | 2222 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retirement of treasury stock |  | (1953) | (727264) |  | 729217 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity transactions and other |  | 1303 |  |  |  | 1303 | 13896 | 15200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total transactions with owners and other |  | 707 | (1333602) |  | (173381) | (1506276) | (80790) | (1587065) |
|  Reclassification to retained earnings |  |  | 248256 | (248256) |  |  |  |  |
|  Balances at September 30, 2024 | 397050 | 492509 | 33617132 | 4002185 | (4140363) | 34368513 | 898150 | 35266663 |
| <br> **For the first half ended September 30, 2025** | <br> **For the first half ended September 30, 2025** | <br> **For the first half ended September 30, 2025** | <br> **For the first half ended September 30, 2025** | <br> **For the first half ended September 30, 2025** | <br> **For the first half ended September 30, 2025** | <br> **For the first half ended September 30, 2025** | <br> **For the first half ended September 30, 2025** | <br> **For the first half ended September 30, 2025** |
|  | **Yen in millions** | **Yen in millions** | **Yen in millions** | **Yen in millions** | **Yen in millions** | **Yen in millions** | **Yen in millions** | **Yen in millions** |
|  | **Common**<br>**stock** | **Additional**<br>**paid-in<br>capital** | **Retained**<br>**earnings** | **Other**<br>**components**<br>**of equity** | **Treasury**<br>**stock** | **Toyota Motor<br>Corporation<br>shareholders'<br>equity** | **Non-**<br>**controlling<br>interests** | **Total**<br>**shareholders'**<br>**equity** |
|  Balances at April 1, 2025 | 397050 | 492368 | 35841218 | 3610133 | (4415943) | 35924826 | 954088 | 36878913 |
|  Comprehensive income |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net income |  |  | 1773426 |  |  | 1773426 | 71709 | 1845135 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other comprehensive income, net of tax |  |  |  | 484719 |  | 484719 | 18281 | 503001 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total comprehensive income |  |  | 1773426 | 484719 |  | 2258145 | 89990 | 2348135 |
|  Transactions with owners and other |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends paid |  |  | (652446) |  |  | (652446) | (95069) | (747515) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Repurchase of treasury stock |  |  |  |  | (39959) | (39959) |  | (39959) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reissuance of treasury stock |  | 1358 |  |  | 508 | 1866 |  | 1866 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity transactions and other |  | (312) |  |  |  | (312) | 15826 | 15514 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total transactions with owners and other |  | 1046 | (652446) |  | (39451) | (690852) | (79242) | (770095) |
|  Reclassification to retained earnings |  |  | 99619 | (99619) |  |  |  |  |
|  Balances at September 30, 2025 | 397050 | 493414 | 37061816 | 3995233 | (4455394) | 37492119 | 964835 | 38456954 |

---

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TOYOTA MOTOR CORPORATION FY2026 Semi-Annual Financial Summary

4. Unaudited Condensed Semi-Annual Consolidated Statement of Cash Flows

---

| | | |
|:---|:---|:---|
|  | **Yen in millions** | **Yen in millions** |
|  | **For the first half ended**<br>**September 30, 2024** | **For the first half ended**<br>**September 30, 2025** |
|  Cash flows from operating activities |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net income | 1865651 | 1845135 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Depreciation and amortization | 1127964 | 1131414 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest income and interest costs related to financial services, net | (392225) | (392440) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Share of profit (loss) of investments accounted for using the equity method | (264315) | (272624) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Income tax expense | 866418 | 632993 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Changes in operating assets and liabilities, and other | (1011456) | (232255) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest received | 1324780 | 1339585 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends received | 492691 | 295880 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest paid | (747311) | (805043) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Income taxes paid, net of refunds | (1445020) | (598035) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net cash provided by (used in) operating activities | 1817177 | 2944609 |
|  Cash flows from investing activities |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Additions to fixed assets excluding equipment leased to others | (848071) | (957692) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Additions to equipment leased to others | (1944559) | (1405941) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from sales of fixed assets excluding equipment leased to others | 21125 | 15008 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from sales of equipment leased to others | 1169262 | 686709 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Additions to intangible assets | (140020) | (151495) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Additions to public and corporate bonds and stocks | (2331054) | (1233188) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from sales of public and corporate bonds and stocks and upon maturity of public and corporate bonds | 2156345 | 1919732 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other, net | (1168778) | (2390660) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net cash provided by (used in) investing activities | (3085752) | (3517528) |
|  Cash flows from financing activities |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (decrease) in short-term debt | (27289) | (249899) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from long-term debt | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6559072 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6061836 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payments of long-term debt | (5232659) | (5404003) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends paid to Toyota Motor Corporation common shareholders | (606338) | (652446) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends paid to non-controlling interests | (94686) | (95069) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reissuance (repurchase) of treasury stock | (903464) | (39959) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other, net | 15611 | 17474 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net cash provided by (used in) financing activities | (289752) | (362065) |
|  Effect of exchange rate changes on cash and cash equivalents | (222277) | 65502 |
|  Net increase (decrease) in cash and cash equivalents | (1780603) | (869482) |
|  Cash and cash equivalents at beginning of period | 9412060 | 8982404 |
|  Cash and cash equivalents at end of period | 7631457 | 8112922 |

---

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TOYOTA MOTOR CORPORATION FY2026 Semi-Annual Financial Summary

5. Notes to Unaudited Condensed Semi-Annual Consolidated Financial Statements

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Going Concern Assumption

None

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TOYOTA MOTOR CORPORATION FY2026 Semi-Annual Financial Summary

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Segment information

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Outline of reporting segments

The operating segments reported below are the segments of Toyota for which separate financial information is available and for which operating income/loss amounts are evaluated regularly by executive management in deciding how to allocate resources and in assessing performance.

The major portions of Toyota's operations on a worldwide basis are derived from the Automotive and Financial services business segments. The Automotive segment designs, manufactures and distributes sedans, minivans, compact cars, SUVs, trucks and related parts and accessories. The Financial services segment consists primarily of financing and vehicle leasing operations to assist in the merchandising of Toyota's products as well as other products. The All other segment includes telecommunications and other businesses.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Segment operating results

**For the first half ended September 30, 2024:**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Yen in millions** | **Yen in millions** | **Yen in millions** | **Yen in millions** | **Yen in millions** |
|  | **Automotive** | **Financial<br>services** | **All other** | **Inter-segment**<br>**Elimination/**<br>**Unallocated**<br>**Amount** | **Consolidated** |
|  Sales revenues |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Revenues from external customers | 20986201 | 2019235 | 277014 |  | 23282450 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Inter-segment revenues and transfers | 105979 | 23777 | 376325 | (506081) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 21092180 | 2043012 | 653339 | (506081) | 23282450 |
|  Operating expenses | 19024419 | 1710524 | 579260 | (495969) | 20818233 |
|  Operating income | 2067761 | 332488 | 74080 | (10112) | 2464217 |

---

**For the first half ended September 30, 2025:**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Yen in millions** | **Yen in millions** | **Yen in millions** | **Yen in millions** | **Yen in millions** |
|  | **Automotive** | **Financial<br>services** | **All other** | **Inter-segment**<br>**Elimination/**<br>**Unallocated**<br>**Amount** | **Consolidated** |
|  Sales revenues |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Revenues from external customers | 22000056 | 2306644 | 324053 |  | 24630753 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Inter-segment revenues and transfers | 100504 | 23689 | 411793 | (535985) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 22100559 | 2330333 | 735846 | (535985) | 24630753 |
|  Operating expenses | 20615083 | 1879874 | 666986 | (536882) | 22625061 |
|  Operating income | 1485476 | 450459 | 68861 | 896 | 2005692 |

---

Accounting policies applied by each segment are in conformity with those of Toyota's condensed semi-annual consolidated financial statements. Transfers between industry segments are made in accordance with terms and conditions in the ordinary course of business.

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TOYOTA MOTOR CORPORATION FY2026 Semi-Annual Financial Summary

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Geographic information

**For the first half ended September 30, 2024:**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Yen in millions** | **Yen in millions** | **Yen in millions** | **Yen in millions** | **Yen in millions** | **Yen in millions** | **Yen in millions** |
|  | **Japan** | **North America** | **Europe** | **Asia** | **Other** | **Inter-segment**<br>**Elimination/**<br>**Unallocated**<br>**Amount** | **Consolidated** |
|  Sales revenues |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Revenues from external customers | 5112835 | 9352535 | 2795866 | 3921657 | 2099556 |  | 23282450 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Inter-segment revenues and transfers | 5428655 | 172854 | 93251 | 548410 | 20906 | (6264076) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 10541491 | 9525389 | 2889117 | 4470067 | 2120463 | (6264076) | 23282450 |
|  Operating expenses | 9019053 | 9411613 | 2673166 | 3979639 | 1979862 | (6245100) | 20818233 |
|  Operating income | 1522438 | 113776 | 215951 | 490428 | 140601 | (18977) | 2464217 |

---

**For the first half ended September 30, 2025:**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Yen in millions** | **Yen in millions** | **Yen in millions** | **Yen in millions** | **Yen in millions** | **Yen in millions** | **Yen in millions** |
|  | **Japan** | **North America** | **Europe** | **Asia** | **Other** | **Inter-segment**<br>**Elimination/**<br>**Unallocated**<br>**Amount** | **Consolidated** |
|  Sales revenues |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Revenues from external customers | 5155251 | 10284525 | 3039153 | 3895951 | 2255874 |  | 24630753 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Inter-segment revenues and transfers | 5358041 | 183985 | 107361 | 555573 | 71331 | (6276291) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 10513292 | 10468510 | 3146514 | 4451524 | 2327204 | (6276291) | 24630753 |
|  Operating expenses | 9396132 | 10536375 | 2945768 | 4007238 | 2125276 | (6385728) | 22625061 |
|  Operating income (loss) | 1117161 | (67865) | 200746 | 444285 | 201928 | 109436 | 2005692 |

---

"Other" consists of Central and South America, Oceania, Africa and the Middle East.

The above amounts are aggregated by region based on the location of the country where Toyota Motor Corporation or consolidated subsidiaries are located. Transfers between geographic areas are made in accordance with terms and conditions in the ordinary course of business.

—13—

------

##### [**Table of Contents**](#toc)
TOYOTA MOTOR CORPORATION FY2026 Semi-Annual Financial Summary

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) Sales revenues by location of external customers

---

| | | |
|:---|:---|:---|
|  | **Yen in millions** | **Yen in millions** |
|  | **For the first half ended September 30,** | **For the first half ended September 30,** |
|  | **2024** | **2025** |
|  Japan | 3674817 | 3739050 |
|  North America | 9366010 | 10321494 |
|  Europe | 2717418 | 3004242 |
|  Asia | 3955029 | 3865728 |
|  Other | 3569176 | 3700239 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 23282450 | 24630753 |

---

"Other" consists of Central and South America, Oceania, Africa and the Middle East, etc.

—14—

------

##### [**Table of Contents**](#toc)
**Supplemental Material for Financial Results for FY2026 First Half (Consolidated)** 

<u>< IFRS ></u> 

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | FY2025 | FY2025 | FY2025 | FY2025 | FY2025 | FY2025 | FY2026 | FY2026 | FY2026 | FY2026 |
| | 1Q<br>(2024/4-6) | 2Q<br>(2024/7-9) | First Half<br>6 months<br>(2024/4-9) | 3Q<br>(2024/10-12) | 4Q<br>(2025/1-3) | 12 months<br>('24/4-'25/3) | 1Q<br>(2025/4-6) | 2Q<br>(2025/7-9) | First Half<br>6 months<br>(2025/4-9) | Forecast<br>12 months<br>('25/4-'26/3) |
|  Vehicle Production (thousands of units) | 2186 | 2217 | 4403 | 2312 | 2334 | 9049 | 2301 | 2321 | 4622 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Japan)<br>–including Daihatsu & Hino | 901 | 991 | 1893 | 1052 | 1056 | 4000 | 994 | 1013 | 2007 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Daihatsu & Hino] | [141] | [219] | [359] | [205] | [200] | [764] | [210] | [211] | [422] |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Overseas)<br>–including Daihatsu & Hino | 1285 | 1226 | 2511 | 1260 | 1278 | 5049 | 1306 | 1308 | 2615 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Daihatsu & Hino] | [106] | [122] | [228] | [122] | [108] | [458] | [86] | [101] | [188] |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; North America | 523 | 445 | 968 | 467 | 522 | 1958 | 557 | 524 | 1081 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Europe | 215 | 181 | 396 | 206 | 208 | 811 | 197 | 185 | 382 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asia | 434 | 466 | 900 | 455 | 434 | 1790 | 423 | 466 | 888 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Central and South America | 87 | 100 | 187 | 101 | 83 | 370 | 101 | 97 | 197 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Africa | 26 | 33 | 59 | 31 | 31 | 120 | 30 | 37 | 67 |  |
|  Vehicle Sales (thousands of units) | 2252 | 2304 | 4556 | 2444 | 2362 | 9362 | 2411 | 2372 | 4783 | 9800 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Japan)<br>–including Daihatsu & Hino | 421 | 517 | 939 | 516 | 536 | 1991 | 481 | 488 | 970 | 2080 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Daihatsu & Hino] | [ 84] | [136] | [220] | [129] | [136] | [485] | [130] | [134] | [264] | [580] |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Overseas)<br>–including Daihatsu & Hino | 1830 | 1787 | 3617 | 1929 | 1826 | 7372 | 1930 | 1883 | 3813 | 7720 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Daihatsu & Hino] | [61] | [65] | [126] | [60] | [55] | [ 240] | [48] | [48] | [96] | [220] |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; North America | 705 | 643 | 1348 | 695 | 660 | 2703 | 794 | 739 | 1533 | 2960 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Europe | 291 | 256 | 547 | 318 | 306 | 1172 | 298 | 275 | 573 | 1240 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asia | 436 | 469 | 905 | 473 | 460 | 1838 | 421 | 432 | 853 | 1840 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Central and South America | 114 | 134 | 248 | 127 | 119 | 495 | 129 | 132 | 261 | 490 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oceania | 82 | 71 | 153 | 80 | 77 | 309 | 78 | 76 | 154 | 280 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Africa | 49 | 56 | 106 | 60 | 58 | 224 | 60 | 77 | 138 | 290 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Middle East | 151 | 157 | 308 | 172 | 143 | 622 | 147 | 151 | 298 | 620 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other | 2 | 2 | 4 | 2 | 2 | 8 | 2 | 1 | 3 |  |
|  Total Retail Unit Sales (thousands of units) [Toyota, Daihatsu and Hino] | 2636 | 2737 | 5373 | 2922 | 2715 | 11011 | 2829 | 2814 | 5643 | 11300 |

---

Supplemental 1

------

##### [**Table of Contents**](#toc)
**Supplemental Material for Financial Results for FY2026 First Half (Consolidated)** 

<u>< IFRS ></u> 

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | FY2025 | FY2025 | FY2025 | FY2025 | FY2025 | FY2025 | FY2026 | FY2026 | FY2026 | FY2026 |
| | 1Q<br>(2024/4-6) | 2Q<br>(2024/7-9) | First Half<br>6 months<br>(2024/4-9) | 3Q<br>(2024/10-12) | 4Q<br>(2025/1-3) | 12 months<br>('24/4-'25/3) | 1Q<br>(2025/4-6) | 2Q<br>(2025/7-9) | First Half<br>6 months<br>(2025/4-9) | Forecast<br>12 months<br>('25/4-'26/3) |
|  Foreign Exchange Rates |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Yen to US Dollar Rate | 156 | 150 | 153 | 152 | 153 | 153 | 145 | 147 | 146 | as premise: 146 |
| &nbsp;&nbsp;&nbsp;&nbsp; Yen to Euro Rate | 168 | 164 | 166 | 163 | 161 | 164 | 164 | 172 | 168 | as premise: 169 |
|  Number of Employees | 384954 | 384158 | 384158 | 384338 | 383853 | 383853 | 389144 | 390024 | 390024 <sup>(Note 1)</sup> |  |
|  Sales Revenues<br>(billions of yen) | 11837.8 | 11444.5 | 23282.4 | 12391.0 | 12363.1 | 48036.7 | 12253.3 | 12377.4 | 24630.7 | 49000.0 |
| &nbsp;&nbsp;&nbsp;&nbsp; Geographic Information |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Japan | 5224.0 | 5317.3 | 10541.4 | 5764.8 | 5552.7 | 21859.0 | 5210.7 | 5302.5 | 10513.2 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; North America | 5002.4 | 4522.9 | 9525.3 | 4876.1 | 4898.7 | 19300.3 | 5314.2 | 5154.2 | 10468.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Europe | 1509.0 | 1380.1 | 2889.1 | 1630.5 | 1793.7 | 6313.4 | 1561.6 | 1584.8 | 3146.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asia | 2231.7 | 2238.2 | 4470.0 | 2323.3 | 2194.6 | 8988.0 | 2134.3 | 2317.1 | 4451.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other | 1053.8 | 1066.6 | 2120.4 | 1235.0 | 1165.7 | 4521.2 | 1127.4 | 1199.7 | 2327.2 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Elimination | -3183.2 | -3080.7 | -6264.0 | -3438.8 | -3242.5 | -12945.5 | -3095.1 | -3181.1 | -6276.2 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Business Segment |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Automotive | 10759.7 | 10332.4 | 21092.1 | 11249.0 | 10858.6 | 43199.8 | 11039.6 | 11060.8 | 22100.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial Services | 1005.3 | 1037.6 | 2043.0 | 1022.9 | 1415.2 | 4481.1 | 1136.1 | 1194.2 | 2330.3 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; All Other | 315.6 | 337.6 | 653.3 | 393.0 | 400.7 | 1447.1 | 342.8 | 392.9 | 735.8 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Elimination | -242.8 | -263.2 | -506.0 | -273.8 | -311.4 | -1091.4 | -265.3 | -270.6 | -535.9 |  |
|  Operating Income<br>(billions of yen) | 1308.4 | 1155.7 | 2464.2 | 1215.2 | 1116.0 | 4795.5 | 1166.1 | 839.5 | 2005.6 | 3400.0 |
| &nbsp;&nbsp;&nbsp;&nbsp; (Operating Income<br>Ratio) (%) | (11.1) | (10.1) | (10.6) | (9.8) | (9.0) | (10.0) | (9.5) | (6.8) | (8.1) | (6.9) |
| &nbsp;&nbsp;&nbsp;&nbsp; Geographic Information |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Japan | 881.2 | 641.1 | 1522.4 | 814.6 | 814.0 | 3151.1 | 645.0 | 472.1 | 1117.1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; North America | 85.0 | 28.7 | 113.7 | 58.3 | -63.3 | 108.8 | -21.1 | -46.7 | -67.8 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Europe | 124.6 | 91.2 | 215.9 | 157.1 | 42.4 | 415.5 | 96.9 | 103.7 | 200.7 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asia | 245.9 | 244.4 | 490.4 | 194.8 | 211.2 | 896.5 | 215.7 | 228.5 | 444.2 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other | 41.7 | 98.8 | 140.6 | 39.0 | 72.9 | 252.6 | 94.0 | 107.8 | 201.9 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Elimination | -70.2 | 51.3 | -18.9 | -48.8 | 38.7 | -29.0 | 135.4 | -26.0 | 109.4 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Business Segment |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Automotive | 1117.9 | 949.8 | 2067.7 | 1006.1 | 866.3 | 3940.2 | 911.4 | 574.0 | 1485.4 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial Services | 159.7 | 172.7 | 332.4 | 163.7 | 187.2 | 683.5 | 222.2 | 228.2 | 450.4 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; All Other | 40.7 | 33.2 | 74.0 | 50.5 | 56.5 | 181.1 | 37.4 | 31.3 | 68.8 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Elimination | -9.9 | -0.1 | -10.1 | -5.2 | 5.9 | -9.4 | -5.0 | 5.8 | 0.8 |  |
|  Share of Profit (Loss) of Investments Accounted for <br>Using the Equity Method (billions of yen) | 164.9 | 99.3 | 264.3 | 190.4 | 136.4 | 591.2 | 141.0 | 131.5 | 272.6 | 550.0 |
|  Income before Income Taxes (billions of yen) | 1872.2 | 859.8 | 2732.0 | 2698.0 | 984.4 | 6414.5 | 1252.1 | 1225.9 | 2478.1 | 4180.0 |
|  (Income before Income Taxes Ratio) (%) | (15.8) | (7.5) | (11.7) | (21.8) | (8.0) | (13.4) | (10.2) | (9.9) | (10.1) | (8.5) |
|  Net Income Attributable<br>to Toyota Motor Corporation (billions of yen) | 1333.3 | 573.7 | 1907.1 | 2193.2 | 664.6 | 4765.0 | 841.3 | 932.0 | 1773.4 | 2930.0 |
|  (Net Income Ratio) (%) | (11.3) | (5.0) | (8.2) | (17.7) | (5.4) | (9.9) | (6.9) | (7.5) | (7.2) | (6.0) |
|  Dividends |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Cash Dividends<br>(billions of yen) |  | 525.9 | 525.9 |  | 652.4 | 1178.4 |  | 586.5 | 586.5 <sup>(Note 2)</sup> |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash Dividends per Share (yen) |  | 40 | 40 |  | 50 | 90 |  | 45 | 45 | 95 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payout Ratio (%) |  | 28.1 | 28.1 |  | 22.8 | 25.0 |  | 33.0 | 33.0 | 42.2 |
|  Value of Shares Repurchased (billions of yen)[actual purchase] | 18.9 | 884.4 | 903.4 | 142.2 | 133.2 | 1179.0 | 39.9 |  | 39.9 <sup>(Note 3)</sup> |  |
|  Value of Shares Repurchased (billions of yen)<br>[based on resolution] |  | 199.9 | 199.9 |  |  | 199.9 | 3208.5 |  | 3208.5<br> <sup>(Note 3)</sup> <br><sup>(Note 4)</sup> |  |
|  Number of Outstanding<br>Shares<br>(thousands) | 15794987 | 15794987 | 15794987 | 15794987 | 15794987 | 15794987 | 15794987 | 15794987 | 15794987 |  |

---

Supplemental 2

------

##### [**Table of Contents**](#toc)
**Supplemental Material for Financial Results for FY2026 First Half (Consolidated)** 

<u>< IFRS ></u> 

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | FY2025 | FY2025 | FY2025 | FY2025 | FY2025 | FY2025 | FY2026 | FY2026 | FY2026 | FY2026 |
| | 1Q<br>(2024/4-6) | 2Q<br>(2024/7-9) | First Half<br>6 months<br>(2024/4-9) | 3Q<br>(2024/10-12) | 4Q<br>(2025/1-3) | 12 months<br>('24/4-'25/3) | 1Q<br>(2025/4-6) | 2Q<br>(2025/7-9) | First Half<br>6 months<br>(2025/7-9) | Forecast<br>12 months<br>('25/4-'26/3) |
|  R&D Expenses (billions of yen) | 304.6 | 334.9 | 639.5 | 336.8 | 350.0 | 1326.4 | 355.8 | 354.4 | 710.3 | 1420.0 <sup>(Note 5)</sup> |
|  Depreciation Expenses <br>(billions of yen) | 352.3 | 335.4 | 687.7 | 335.3 | 337.4 | 1360.5 | 327.5 | 344.3 | 671.9 | 1500.0 <sup>(Note 6)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Geographic Information |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Japan | 148.6 | 141.8 | 290.5 | 143.9 | 150.1 | 584.5 | 143.5 | 155.5 | 299.1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; North America | 120.4 | 114.8 | 235.3 | 112.8 | 114.6 | 462.7 | 108.7 | 109.4 | 218.2 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Europe | 23.4 | 25.6 | 49.1 | 25.7 | 22.1 | 96.9 | 23.3 | 25.9 | 49.3 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asia | 48.3 | 43.0 | 91.4 | 42.9 | 42.8 | 177.1 | 42.7 | 43.1 | 85.9 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other | 11.4 | 9.9 | 21.4 | 9.9 | 7.7 | 39.0 | 9.2 | 10.1 | 19.3 |  |
|  Capital Expenditures (billions of yen) | 368.0 | 443.1 | 811.1 | 558.7 | 764.9 | 2134.8 | 392.4 | 530.4 | 922.8 | 2300.0 <sup>(Note 6)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Geographic Information |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Japan | 163.2 | 198.7 | 361.9 | 255.4 | 409.1 | 1026.6 | 193.8 | 254.4 | 448.3 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; North America | 115.9 | 173.4 | 289.4 | 184.6 | 204.6 | 678.7 | 125.4 | 165.2 | 290.6 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Europe | 17.4 | 10.7 | 28.1 | 15.0 | 31.3 | 74.4 | 18.8 | 17.5 | 36.3 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asia | 52.6 | 30.6 | 83.3 | 65.8 | 58.2 | 207.4 | 28.5 | 62.1 | 90.6 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other | 18.6 | 29.5 | 48.1 | 37.8 | 61.5 | 147.5 | 25.8 | 31.0 | 56.8 |  |
|  Total Liquid Assets (billions of yen) | 15585.7 | 15404.1 | 15404.1 | 16366.2 | 16702.4 | 16702.4 | 17016.3 | 17709.5 | 17709.5 <sup>(Note 7)</sup> |  |
|  Total Assets (billions of yen) | 94037.3 | 89169.2 | 89169.2 | 94674.4 | 93601.3 | 93601.3 | 93468.1 | 97574.8 | 97574.8 |  |
|  Toyota Motor Corporation Shareholders' Equity<br>(billions of yen) | 35737.7 | 34368.5 | 34368.5 | 35910.2 | 35924.8 | 35924.8 | 36040.2 | 37492.1 | 37492.1 |  |
|  Return on Equity (%) |  |  |  |  |  | 13.6 |  |  |  |  |
|  Return on Asset (%) |  |  |  |  |  | 5.2 |  |  |  |  |
|  Number of Consolidated Subsidiaries (including Structured Entities) |  |  |  |  |  | 585 |  |  |  |  |
|  Number of Associates and Joint Ventures Accounted for Using the Equity Method |  |  |  |  |  | 165 |  |  |  |  |

---

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| | | |
|:---|:---|:---|
| Analysis of Consolidated Net Income<br> Attributable to Toyota Motor Corporation for FY2026<br> (billions of yen, approximately) | 2Q<br>(2025/7-9) | First Half<br>6 months<br>(2025/4-9) |
|  Marketing Efforts | 385.0 | 645.0 |
|  Effects of Changes in Exchange Rates  | -225.0 | -390.0 |
|  Cost Reduction Efforts | -55.0 | -70.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; From Engineering | -70.0 | -110.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; From Manufacturing and Logistics | 15.0 | 40.0 |
|  Increase or Decrease in Expenses and Expense Reduction Efforts | -705.0 | -1075.0 |
|  Other | 283.8 | 431.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Changes in Operating Income) | -316.2 | -458.5 |
|  Non-operating Income | 682.3 | 204.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Share of Profit (Loss) of Investments Accounted for Using the Equity Method | 32.2 | 8.3 |
|  Income tax expense, Net Income Attributable to Non-controlling Interests | -7.8 | 120.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Changes in Net Income Attributable to Toyota Motor Corporation) | 358.3 | -133.6 |

---

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 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 and regulations, as well as other government actions, in the markets in which Toyota operates that affect Toyota's operations, particularly laws, regulations and government actions relating to vehicle safety including remedial measures such as recalls, environmental protection, vehicle emissions and vehicle fuel economy, and tariffs and other trade policies, as well as 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, as well as information security; (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; (xiv) the impact of natural calamities, epidemics, political and economic instability, fuel shortages or interruptions in social infrastructure, wars, terrorism and labor strikes, including their negative effect on Toyota's vehicle production and sales; (xv) the impact of climate change and the transition towards a low-carbon economy; and (xvi) the ability of Toyota to hire or retain sufficient human resources.

A discussion of these and other factors which may affect Toyota's actual results, performance, achievements or financial position is contained in Toyota Motor Corporation'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 to outside Toyota and including loan employees from outside Toyota to Toyota)

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

(Note 3) Excluding shares constituting less than one unit that were purchased upon request and the commission fees incurred for the repurchase

(Note 4) States the maximum value of shares resolved to be repurchased if before the completion of the repurchase period, or the actual purchase price of shares repurchased pursuant to that resolution if after the completion of the repurchase period.

(Note 5) Figures for R&D expenses are R&D activity related expenditures incurred during the reporting period and do not conform to "R&D Expenses" on Toyota's Consolidated Statement of Income

(Note 6) Figures for depreciation expenses and capital expenditures do not include vehicles in operating lease or right of use assets

(Note 7) Cash and cash equivalents, time deposits, public and corporate bonds and its investment in monetary trust funds, excluding in each case those relating to financial services

Supplemental 3

## Exhibit 99.2

![](g49168txap1g1.jpg)

FY2026 Second Quarter Financial Results Toyota Motor Corporation CENTURY November 5, 2025

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![](g49168txap2g1.jpg)

Cautionary Statement with Respect to Forward-Looking Statements and Caution Concerning Insider Trading This presentation contains forward-looking statements that reflect the plans and expectations of Toyota Motor Corporation and its consolidated subsidiaries ("Toyota"). 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 Canadian dollar and the British pound), stock prices and interest rates; (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 and regulations, as well as other government actions, in the markets in which Toyota operates that affect Toyota's operations, particularly laws, regulations and government actions relating to vehicle safety including remedial measures such as recalls, environmental protection, vehicle emissions and vehicle fuel economy, and tariffs and other trade policies, as well as 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, as well as information security; (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; (xiv) the impact of natural calamities, epidemics, political and economic instability, fuel shortages or interruptions in social infrastructure, wars, terrorism and labor strikes, including their negative effect on Toyota's vehicle production and sales; (xv) the impact of climate change and the transition towards a low-carbon economy; and (xvi) the ability of Toyota to hire or retain sufficient human resources. A discussion of these and other factors which may affect Toyota's actual results, performance, achievements or financial position is contained in Toyota Motor Corporation's annual report on Form 20-F, which is on file with the United States Securities and Exchange Commission. Caution concerning Insider Trading Under Japanese securities laws and regulations (the Regulations), subject to certain exceptions, any person who receives certain material information relating to the business, etc. of Toyota which may be contained in this document is prohibited from trading in Toyota's shares or certain other transactions related to such shares (as set forth in the Regulations) until such material information is deemed to be made public. Under the Regulations, material information is deemed to be made public when (i) such material information is notified to a stock exchange and is disclosed by ways of electromagnetic means as prescribed by the ordinance of the Cabinet Office (posting on the TDnet (Timely Disclosure Network) information service) or (ii) twelve (12) hours have elapsed since a listed company, such as Toyota, disclosed such material information to at least two (2) media sources as prescribed by the Regulations. 2

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![](g49168txap3g1.jpg)

FY2026 Second Quarter Results Summary Leveraging our product's competitiveness, we will continue to take on future challenges while aiming to build a profit structure that is resilient to environmental changes. Operating income 2.0 trillion yen (-0.5 trillion yen YoY) Actual - Despite the impact of U.S. tariffs, strong demand supported by product (First Half) competitiveness has led to increased sales volumes mainly in Japan and North America and expanded value chain profits. Operating income 3.4 trillion yen (-1.4 trillion yen YoY) - Despite the impact of U.S. tariffs, we have continued to build upon our improvement efforts such as increasing sales volume, improving costs, and FY2026 expanding value chain profits. Forecast - We are steadily translating comprehensive future investments into improved productivity and increased returns, with a strong focus on improving the break- even volume. We will maintain our policy of stable dividend increases to reward our long-term Return to shareholders. Share- -Interim : 45 yen per share (+5 yen YoY) holders -Full-year (forecast) : 95 yen per share (+5 yen YoY) Brand/ Clearly define the five brands of the Toyota Group and clarify the direction of each Product brand. Further expand customers' choices with a diverse range of products that meet the needs of each individual. Strategy 3

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![](g49168txap4g1.jpg)

FY2026 Second Quarter Financial Performance 4

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![](g49168txap5g1.jpg)

Consolidated Vehicle Sales (FY2026 First Half) (thousands of vehicles) 4,783 5,000 105.0% 4,556 Japan 970 103.3% 939 4,000 N. America Europe 3,000 1,533 113.8% 1,348 Asia Other 2,000 104.6% 547 573 Central and South America, 853 905 94.3% 1,000 Oceania, Africa, 104.5% 854 818 The Middle East, etc. 0 2024.4-9 2025.4-9 YoY Reference (retail) Toyota and Lexus Vehicle Sales 5,029 5,267 104.7% [44.4%] [46.9%] Electrified Vehicle [%] 2,231 2,471 110.7% HEV 2,077 2,271 109.3% PHEV 75 98 129.8% BEV 78 101 129.8% FCEV 1 0 52.1% Total Retail Vehicle Sales 5,373 5,643 105.0% 5

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![](g49168txap6g1.jpg)

Consolidated Financial Summary (FY2026 First Half) (billions of yen) Change 2024.4-9 2025.4-9 Sales Revenues 23,282.4 24,630.7 +1,348.3 Operating Income 2,464.2 2,005.6 -458.5 Margin 10.6% 8.1% Other Income 267.8 472.4 +204.5 Share of Profit (Loss) of Investments \* 264.3 272.6 +8.3 Accounted for Using the Equity Method Income before Income Taxes 2,732.0 2,478.1 -253.9 Net Income Attributable to 1,907.1 1,773.4 -133.6 Toyota Motor Corporation Margin 8.2% 7.2% US $153 yen 146 yen -7 yen FOREX Rates € 166 yen 168 yen +2 yen \* Regarding Japan: 183.6 (-4.8 year on year), China: 48.0 (+10.2 year on year), Other: 40.8 (+2.8 year on year) 6

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![](g49168txap7g1.jpg)

Analysis of Consolidated Operating Income (FY2026 First Half) Excluding the overall impact of foreign exchange (billions of yen) rates and swap valuation gains/losses, etc.： -500.0 -1,075.0 +645.0 2,464.2 -390.0 -70.0 2,005.6 +431.5 ・市況影響： Effects of Marketing Cost ・原価改善：△ FOREX ※ Efforts \*2 Reduction Increase or Rates \*1 Efforts Other \*4 Decrease in Expenses and Expense Reduction Which includes: Efforts \*3 Strengthening Foundation of Suppliers/ Materials Prices -205.0 Which includes: Cost Reduction +135.0 Tariff Impact -900.0 2024.4-9 2025.4-9 153 yen/US$146 yen/US$ Operating Income (-458.5) 166 yen/ € 168 yen/ € \*1 Details \*2 Details \*3 Details \*4 Details Transactional (Imports/Exports) -310.0 Volume, Model Mix +310.0 Labor Cost -80.0 Valuation Gains / Losses from Swaps, etc. +78.3 - US $-175.0 Value Chain +130.0 Depreciation Expenses -5.0 Impact of Inflation Accounting, etc. +39.2 - Financial Services - € +10.0 +60.0 R&D Expenses -70.0 HINO MOTORS Certification Related +230.0 Expenses (One-time Expenses in FY2025) - Other -145.0 Expenses, etc. -920.0 - Accessories / Spare Parts / +70.0 Used Vehicle / Connected, etc. Other +84.0 Translational FOREX Impact Concerning -80.0 Overseas Subsidiaries, etc. 7 Other +205.0

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![](g49168txap8g1.jpg)

Geographic Operating Income (FY2026 First Half) Operating Income (billions of yen) (excluding Valuation Gains/Losses relating to Swaps, etc.) [ ] Margin Consolidated Vehicle Sales (thousands of vehicles) Europe Japan N. America Asia Other Incl. China (excl. investments accounted for using the equity method of associates and joint ventures) 1,533 (113.8%) 1,348 970 (103.3%) 939 (104.5%) 905 (94.3%) 854 853 818 (104.6%) 573 547 -406.0 +73.8 -262.2 -29.0 -41.7 1,524.5 1,118.4 [14.5%] [10.6%] 223.5 194.4 199.1 128.1 486.9 125.2 [7.7%] 445.1 [6.2%] [8.6%] [1.3%] [10.9%] -134.1 [5.9%] [10.0%] [-1.3%] 2024.4-9 2025.4-9 2024.4-9 2025.4-9 2025.4-9 2024.4-9 2025.4-9 2024.4-9 2025.4-9 2024.4-9 Operating Income including Valuation Gains/Losses relating to Swaps, etc. (billions of yen) 1,522.4 1,117.1 113.7 -67.8 215.9 200.7 490.4 444.2 140.6 201.9 8

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![](g49168txap9g1.jpg)

China Business / Financial Services (FY2026 First Half) (Ref.) China Business Financial Services Operating Income of Consolidated Subsidiaries (billions of yen) Operating Income (billions of yen) Share of Profit of Investments Accounted for Using the Equity＊ Excluding Valuation Gains/Losses relating to Swaps, etc. Method of Associates and Joint Ventures (billions of yen) Toyota and Lexus Vehicle Retail Sales (thousands of vehicles) 914 (105.5%) 867 +13.2 Marketing +39.6 377.3 122.2 Efforts, etc. Effects of 337.7 Increase in 108.9 Loan Balance, etc. +10.2 Cost Reduction Efforts, etc. 48.0 37.7 2024.4-9 2025.4-9 Operating Income including Valuation Gains/Losses relating to Swaps, etc. (billions of yen) 2025.4-9 2024.4-9 332.4 450.4 9

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![](g49168txap10g1.jpg)

Shareholder Return 10

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![](g49168txap11g1.jpg)

Dividends and Dividend Forecast ■We intend to continue to "increase dividends in a stable and continuous manner" to reward our long-term shareholders. ■Interim: 45 yen (+5 yen YoY) ■Full-year forecast: 95 yen (+5 yen YoY) （yen） [Forecast] 100 95 90 90 +5 Year-end 75 80 Dividend\* Interim 70 60 [Forecast] 50 Dividend\* 50 60 52 45 50 35 40 +5 28 30 40 45 20 30 25 10 24 0 2021.4-2022.3 2022.4-2023.3 2023.4-2024.3 2024.4-2025.3 2025.4-2026.3 Total Amount of Dividends Interim 332.4 342.1 405.4 525.9 586.5 (billions of yen) Total Amount of Dividends ー Full- 1,178.4 1,011.7 718.2 816.9 (billions of yen) Year 11 \*A five-for-one stock split of shares of our common stock was conducted on October 1, 2021. Calculated on the assumption that the split was made at the beginning of the fiscal year ended March 2022.

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![](g49168txap12g1.jpg)

FY2026 Financial Forecasts 12

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![](g49168txap13g1.jpg)

FY2026 Forecast: Consolidated Vehicle Sales (thousands of vehicles) 9,800 9,800 9,362 100.0% 10,000 Japan 2,070 2,080 1,991 100.5% 8,000 N. America Europe 2,960 2,960 2,703 6,000 100.0% Asia 1,230 1,172 1,240 4,000 100.8% Other Central and 1,860 1,840 1,838 98.9% South America, 2,000 Oceania, Africa, 1,680 1,680 1,659 100.0% The Middle East, etc. 0 Previous Forecast New Forecast FY2025 Results vs. Previous 2025.4-2026.3 2025.4-2026.3 2024.4-2025.3 Forecast Reference (retail) Toyota and Lexus Vehicle Sales 10,400 10,500 101.0% 10,274 Electrified Vehicles [%] 5,123 [49.3%] 5,133 [48.9%] 100.2% 4,748 [46.2%] HEV 4,625 4,667 100.9% 4,441 PHEV 188 187 99.5% 161 BEV 308 277 89.9% 145 FCEV 1 1 100.0% 1 Total Retail Vehicle Sales 11,200 11,300 100.9% 11,011 13

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![](g49168txap14g1.jpg)

FY2026 Forecast: Consolidated Financial Summary FY2025 Results Previous Forecast New Forecast (billions of yen) Change 2024.4-2025.3 2025.4-2026.3 2025.4-2026.3 Sales Revenues 48,036.7 48,500.0 49,000.0 +500.0 Operating Income 4,795.5 3,200.0 3,400.0 +200.0 Margin 10.0% 6.6% 6.9% Other Income 1,619.0 670.0 780.0 +110.0 Share of Profit (Loss) of Investments ±0 591.2 550.0 550.0 Accounted for Using the Equity Method Income before Income Taxes 6,414.5 3,870.0 4,180.0 +310.0 Net Income Attributable to 4,765.0 2,660.0 2,930.0 +270.0 Toyota Motor Corporation Margin 5.5% 6.0% 9.9% Dividend per share ±0 yen 95 yen 95 yen 90 yen US $\* 153 yen 145 yen 146 yen +1 yen FOREX Rates €\* 164 yen 160 yen 169 yen +9 yen \* FOREX Rate performance: 146 yen against the U.S. dollar and 168 yen against the Euro from April 2025 to September 2025 FOREX Rate assumptions: 145 yen against the U.S. dollar and 170 yen against the Euro from October 2025 to March 2026 14

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![](g49168txap15g1.jpg)

Analysis of FY2026 Forecast: Consolidated Operating Income (vs. FY2025 Results) (billions of yen) Volume, Model Mix +320.0 +400.0 Cost Reduction +275.0 -555.0 Value Chain Profits +195.0 4,795.5 Other +119.5 -230.0 One-time -1,450.0 Factors Effects of Materials Prices FOREX Rates 3,400.0 +909.5 -470.0 Tariff Impact Comprehensive Improvement Investment Efforts etc. (Investment in Human Resources -225.0 Human Resources Growth Areas -245.0 and Growth Areas) FY2026 New Forecast FY2025 Results 2025.4-2026.3 2024.4-2025.3 Operating Income (-1,395.5) 146 yen/US$153 yen/US$169 yen/€ 164 yen/€ 15

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![](g49168txap16g1.jpg)

Japan Mobility Show Continuing invention for people around the world and pioneering a new future for cars. 16

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![](g49168txap17g1.jpg)

Five Brands Strategy TBD 17

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![](g49168txap18g1.jpg)

Profit Base Strengthening the profit base even further through synergies between the new vehicles and value chain businesses. Trend of Operating Income of RAV4 is the first model featuring our new Value Chain Business Software development platform, "Arene" Parts and accessories Others (used vehicle, connected services) Sales Finance RAV4 CORE（Prototype） 20.3 21.3 22.3 23.3 24.3 25.3 26.3 Forecast 18

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![](g49168txap19g1.jpg)

Profit Structure ■Through efforts to reinforce our operational foundation activities, we have thoroughly focused on safety and quality while securing additional capacity, leading to a stabilization in production. However, combined with the impact of U.S. tariffs, the break-even volume has significantly increased over the past two years. ⇒ We will review the allocation of people, materials, and capital to strengthen our earning power. Trend of break-even volume Forecast 09.3 10.3 11.3 12.3 13.3 14.3 15.3 16.3 17.3 18.3 19.3 20.3 21.3 22.3 23.3 24.3 25.3 26.3 19

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![](g49168txap20g1.jpg)

(Ref.) Analysis of FY2026 Forecast: Consolidated Operating Income (vs. FY2025 Results) Excluding the overall impact of foreign exchange (billions of yen) rates and swap valuation gains/losses, etc： -1,335.5 Which includes: Tariff Impact -1,450.0 4,795.5 -555.0 +725.0 -1,900.5 -160.0 Effects of Cost Marketing 3,400.0 FOREX +495.0 Reduction Efforts \*2 Rates \*1 Efforts Increase or Other \*4 Decrease in Which includes: Expenses and Strengthening Foundation of Expense Reduction Suppliers/ Materials Prices -425.0 Efforts \*3 Cost Reduction +265.0 FY2025 Results FY2026 New Forecast 2024.4-2025.3 2025.4-2026.3 Operating Income (-1,395.5) 146 yen/US$153 yen/US$169 yen/€ 164 yen/€ \*1 Details \*2 Details \*3 Details \*4 Details Transactional (Imports/Exports) -540.0 Volume, Model Mix +320.0 Labor Cost -165.0 Valuation Gains / Losses from Swaps, etc. +65.0 - US $-355.0 Value Chain +195.0 Depreciation Expenses -160.0 Impact of Inflation Accounting, etc. +46.5 - Financial Services - € +45.0 +75.0 R&D Expenses -100.0 HINO MOTORS Certification Related +280.5 - Other -230.0 Expenses, etc. -1,475.5 Expenses - Accessories / Spare Parts / +120.0 Used Vehicle / Connected, etc. Other +103.0 Translational FOREX Impact Concerning -15.0 Overseas Subsidiaries, etc. Other +210.0 20

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![](g49168txap21g1.jpg)

(Ref.) Analysis of FY2026 Forecast: Consolidated Operating Income (vs. Previous Forecast) Excluding the overall impact of foreign exchange (billions of yen) rates and swap valuation gains/losses, etc：±0.0 3,400.0 +70.0 -155.0 +85.0 +170.0 +30.0 3,200.0 Other \*4 Increase or Cost Marketing Effects of Decrease in Reduction Efforts \*2 FOREX Expenses and Efforts Rates \*1 Expense Reduction Efforts \*3 Which includes: Strengthening Foundation of Which includes: Suppliers/ Tariff Impact -50.0 Materials Prices +70.0 Cost Reduction +15.0 FY2026 Previous Forecast FY2026 New Forecast 2025.4-2026.3 2025.4-2026.3 Operating Income (+200.0) 146 yen/US$145 yen/US$169 yen/€ 160 yen/€ \*1 Details \*2 Details \*3 Details \*4 Details Transactional (Imports/Exports) +155.0 Volume, Model Mix +10.0 Labor Cost +10.0 Valuation Gains / Losses from Swaps, etc. +40.0 - US $+45.0 Value Chain +30.0 Depreciation Expenses +15.0 Impact of Inflation Accounting, etc. -6.9 - Financial Services - € +80.0 +30.0 R&D Expenses -60.0 HINO MOTORS Certification Related ±0.0 - Other +30.0 Expenses, etc. -120.0 Expenses - Accessories / Spare Parts / ±0.0 Used Vehicle / Connected, etc. Other -3.1 Translational FOREX Impact Concerning +15.0 Overseas Subsidiaries, etc. 21 Other +30.0

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![](g49168txap22g1.jpg)

(Ref.) Consolidated Vehicle Sales (3 months) （thousands of vehicles） 102.9% 2,500 2,372 2,304 Japan 488 94.4% N.America 517 2,000 Europe 115.0% 1,500 739 Asia 643 Other 107.4% 1,000 256 275 Central and South America, 469 432 92.3% Oceania, 500 Africa, The Middle East, 104.1% 437 420 etc. 0 2024.7-9 2025.7-9 YoY Reference (retail) Toyota and Lexus Vehicle Sales 2,538 2,624 103.4% Electrified Vehicles [%] [45.5%] [46.2%] 1,156 1,211 104.8% HEV 1,079 1,106 102.5% PHEV 41 51 122.5% BEV 35 54 153.4% FCEV 0 0 69.1% Total Retail Vehicle Sales 2,737 2,814 102.8% 22

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![](g49168txap23g1.jpg)

(Ref.) Consolidated Financial Summary (3 months) (billions of yen) Change 2024.7-9 2025.7-9 Sales Revenues 11,444.5 12,377.4 +932.8 Operating Income 1,155.7 839.5 -316.2 Margin 10.1% 6.8% Other Income -295.9 386.4 +682.3 Share of Profit (Loss) of Investments ＊ 99.3 131.5 +32.2 Accounted for Using the Equity Method Income before Income Taxes 859.8 1,225.9 +366.1 Net Income Attributable to 573.7 932.0 +358.3 Toyota Motor Corporation Margin 5.0% 7.5% US $150 yen 147 yen -3 yen FOREX Rates € 164 yen 172 yen +8 yen \* Regarding Japan: 87.0 (+28.6 year on year), China: 24.6 (+1.8 year on year), Other: 19.7 (+1.7 year on year) 23

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![](g49168txap24g1.jpg)

(Ref.) Analysis of Consolidated Operating Income (3 months) (billions of yen) Excluding the overall impact of foreign exchange rates and swap valuation gains/losses, etc.： -375.0 Which includes: Tariff Impact -450.0 +385.0 -705.0 1,155.7 -225.0 -55.0 839.5 +283.8 Effects of Marketing Cost FOREX Efforts \*2 Reduction Rates \*1 Efforts Increase or Other \*4 Decrease in Which includes: Strengthening Foundation of Suppliers/ Expenses and Materials Prices -145.0 Expense Reduction Cost Reduction +90.0 Efforts \*3 2024.7-9 2025.7-9 150 yen/US$147 yen/US$ Operating Income (-316.2) 164 yen/€ 172 yen/€ \*1 Details \*2 Details \*3 Details \*4 Details Transactional (Imports/Exports) -65.0 Volume, Model Mix +150.0 Labor Cost -45.0 Valuation Gains / Losses from Swaps, etc. +34.9 - US $-40.0 Value Chain +70.0 Depreciation Expenses -10.0 Impact of Inflation Accounting, etc. -2.3 - Financial Services - € +20.0 +30.0 R&D Expenses -25.0 HINO MOTORS Certification Related +230.0 Expenses (One-time Expenses in FY2025) - Other -45.0 Expenses, etc. -625.0 - Accessories / Spare Parts / +40.0 Used Vehicle / Connected, etc. Other +21.2 Translational FOREX Impact Concerning -160.0 Overseas Subsidiaries, etc. Other +165.0 24

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![](g49168txap25g1.jpg)

(Ref.) Geographic Operating Income (3 months) Operating Income (billions of yen) (excluding Valuation Gains/Losses relating to Swaps, etc.) [ ] Margin Consolidated Vehicle Sales (thousands of vehicles) N.America Japan Europe Asia Other Incl. China (excl. investments accounted for using the equity method of associates and joint ventures) (115.0%) 739 643 517 (94.4%) 488 469 437 （104.1%） (92.3%) 432 420 (107.4%) 275 256 -164.2 -2.6 -17.9 +9.0 639.2 475.0 -97.8 [12.0%] 100.7 99.7 [9.0%] 97.0 91.6 242.3 224.4 [8.4%] [7.2%] [6.1%] [8.6%] 27.3 [10.8%] -70.4 [9.7%] [0.6%] [-1.4%] 2025.7-9 2024.7-9 2024.7-9 2025.7-9 2025.7-9 2024.7-9 2025.7-9 2024.7-9 2025.7-9 2024.7-9 Operating Income including Valuation Gains/Losses relating to Swaps, etc. (billions of yen) 641.1 472.1 28.7 -46.7 91.2 103.7 244.4 228.5 98.8 107.8 25

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![](g49168txap26g1.jpg)

(Ref.) China Business / Financial Services (3 months) (Ref.) China Business Financial Services Operating Income of Consolidated Subsidiaries (billions of yen) Operating Income (billions of yen) Share of Profit of Investments Accounted for Using the Equity ＊ Excluding Valuation Gains/Losses relating to Swaps, etc. Method of Associates and Joint Ventures (billions of yen) Toyota and Lexus Vehicle Retail Sales (thousands of vehicles) 456 464 (101.8%) +20.6 189.3 +2.7 168.6 67.1 64.3 +1.8 24.6 22.8 2024.7-9 2025.7-9 Operating Income including Valuation Gains/Losses relating to Swaps, etc. (billions of yen) 2024.7-9 2025.7-9 172.7 228.2 26

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(Ref.) Repurchase of Shares ■ FY2026 interim: no share repurchase budget (a resolution for approx. 3.2 trillion yen was approved in June.) ■Depending on the stock price level and other factors, and the need to respond to requests to sell our shares, we will continue to flexibly implement share repurchases in the future. No interim (billions of yen) resolution 1,600 3,200 Year-end Resolution 3,0 1,400 00 Interim Resolution 1,200 Flexible Resolution 1,000 [Max.] 3,208.5 800 (Resolved in Jun. \*) 600 1,000.0 No year-end 400 185.6 resolution 149.9 99.9 200 (Resolved in March) 199.9 149.9 (Resolved in Sep.) 149.9 99.9 0 2021.4-2022.3 2022.4-2023.3 2023.4-2024.3 2024.4-2025.3 2025.4-2026.3 Repurchase of Shares [Max.] 435.6 299.9 1,099.9 199.9 3,208.5 \*Resolved as part of the process of taking Toyota Industries Corporation private. Treasury shares to be acquired pursuant to this resolution are scheduled to be cancelled. 27

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(Ref.) Transition of Financial Performance Net Income Attributable to Consolidated Vehicle Sales Sales Revenues Operating Income (trillions of yen) (billions of yen) Toyota Motor Corporation (thousands of vehicles) (billions of yen) Operating Margin (%) 49.0 48.0 9,800 11.9 Net Margin (%) 45.0 9,443 9,362 10.0 8,822 9.5 11.0 8,230 9.9 9.1 6.9 7.3 37.2 6.6 5,352.9 6.0 4,795.5 4,944.9 4,765.0 31.3 3,400.0 2,995.6 2,930.0 2,725.0 2,850.1 2,451.3 2022.3 2023.3 2024.3 2025.3 2026.3 2022.3 2023.3 2024.3 2025.3 2026.3 2022.3 2023.3 2024.3 2025.3 2026.3 2022.3 2023.3 2024.3 2025.3 2026.3 1 6 Total Liquid Assets\* Total Shareholder Return (billions of yen) Capital Expenditures R&D Expenses\* (billions of yen) (billions of yen) (billions of yen) 3 7 Dividend per Share (yen) \* Ratio to Sales Revenues (%) Depreciation Expenses\* (Forecast) 90 95 17,709.5 75 2,300.0 Interest- 60 52 3.6 16,702.4 2,134.8 3.3 Bearing 15,079.5 2.9 2,010.8 \*2 2.8 2.7 Debt 2,111.7 Share 1,420.0 11,313.7 \*4\*5 Repurchase 1,605.8 1,326.4 10,517.3 Net Liquid 15,211.6 1,241.6 1,202.3 1,500.0 Assets 14,465.0 1,378.4 1,343.0 1,124.2 1,360.5 12,651.6 1,153.8 1,116.9 1,248.4 1,185.0 Dividend 9,027.7 1,007.2 1,178.4 8,341.3 1,011.7 816.9 718.2 2022.3 2023.3 2024.3 2025.3 2026.3 2022.3 2023.3 2024.3 2025.3 2025.9 2022.3 2023.3 2024.3 2025.3 2026.3 2022.3 2023.3 2024.3 2025.3 2026.3 \*1 Cash and cash equivalents, time deposits, public and corporate bonds and its investment in monetary trust funds, excluding in each case those relating to financial services. \*2 Not including lease liabilities \*3 Dividends per common share on a post-stock split (a five-for-one stock split of shares of our common stock that was conducted on October 1, 2021) basis \*4 Excluding shares constituting less than one unit that were purchased upon request and the commission fees incurred for the repurchase. Forecast \*5 States the maximum value of shares resolved to be repurchased if before the completion of the repurchase period, or the actual purchase price of shares repurchased pursuant to that resolution if after the completion of the repurchase period. \*6 Figures for R&D expenses are R&D activity related expenditures incurred during the reporting period and do not conform to research and development costs on Toyota's Consolidated Statement of Income 28 \*7 Figures for depreciation expenses and capital expenditures do not include vehicles in operating lease or right of use assets

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Toyota & Lexus (Ref.) FY2026 Forecast: Vehicle Production and Retail Sales FY2025 Results Previous Forecast New Forecast (thousands of vehicles) Change 2024.4-2025.3 2025.4-2026.3 2025.4-2026.3 Japan ±0 3,300 3,300 3,236 Vehicle 生産 Overseas ±0 6,700 6,700 6,443 Production \* Total ±0 9,679 10,000 10,000 Japan ±0 1,505 1,500 1,500 Retail Overseas Vehicle 8,768 8,900 9,000 +100 Sales \* Total 10,274 10,400 10,500 +100 \* Total Retail Vehicle Sales +100 11,200 11,300 11,011 \* Including vehicles by Toyota's unconsolidated entities 29

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Customers Total Retail Vehicle Sales Toyota and Lexus Vehicle Sales Distributors or Dealers outside consolidation Consolidated Vehicle Sales (Ref.) Definitions of Consolidated and Retail Vehicle Sales Daihatsu- and Hino- brand vehicles Number of vehicles produced for wholesale by Toyota Motor Corporation and its consolidated subsidiaries Number of vehicles produced for wholesale by Toyota's unconsolidated entities (e.g. joint ventures in China, etc.) \*There are a limited number of exceptional cases where sales are made other than in accordance with the flowchart above. 30