# EDGAR Filing Document

**Accession Number:** 0000834071
**File Stem:** 0000950103-25-007241
**Filing Date:** 2025-6
**Character Count:** 60781
**Document Hash:** a656b23ab86078b573bc6b4342a8ba7b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950103-25-007241.hdr.sgml**: 20250611

**ACCESSION NUMBER**: 0000950103-25-007241

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 63

**CONFORMED PERIOD OF REPORT**: 20250611

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250611

**DATE AS OF CHANGE**: 20250611

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TOYOTA MOTOR CREDIT CORP
- **CENTRAL INDEX KEY:** 0000834071
- **STANDARD INDUSTRIAL CLASSIFICATION:** PERSONAL CREDIT INSTITUTIONS [6141]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 953775816
- **STATE OF INCORPORATION:** CA
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-09961
- **FILM NUMBER:** 251038728

**BUSINESS ADDRESS:**
- **STREET 1:** 6565 HEADQUARTERS DRIVE, W2-3D
- **CITY:** PLANO
- **STATE:** TX
- **ZIP:** 75024
- **BUSINESS PHONE:** (469) 486-9013

**MAIL ADDRESS:**
- **STREET 1:** 6565 HEADQUARTERS DRIVE, W2-3D
- **CITY:** PLANO
- **STATE:** TX
- **ZIP:** 75024

?xml version='1.0' encoding='ASCII'?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

Date of Report (Date of earliest event reported):

**<u>June 11, 2025</u>**

**TOYOTA MOTOR CREDIT CORPORATION**

(Exact Name of Registrant as Specified in its Charter)

---

| | | |
|:---|:---|:---|
| **California** | **1-9961** | **95-3775816** |
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) |

---

**6565 Headquarters Drive, Plano, TX 75024**

(Address of principal executive offices, including zip code)

**(469) 486-9300**

(Registrant's telephone number, including area code)

**Not Applicable**

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading symbol(s)** | **Name of each exchange on which registered** |
| Medium-Term Notes, Series B Stated<br> Maturity Date January 11, 2028  | TM/28 | New York Stock Exchange |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Item 7.01 Regulation FD Disclosure.**

Toyota Motor Credit Corporation has prepared materials for investors and other business information. The materials are furnished (not filed) as Exhibit 99.1 and Exhibit 99.2 to this Current Report on Form 8-K pursuant to Regulation FD.

**Item 9.01 Financial Statements and Exhibits.**

**(d) Exhibits.**

---

| | |
|:---|:---|
| Exhibit No. | Description |
| [99.1](dp229923_ex9901.htm) | [Investor presentation of Toyota Motor Credit Corporation (furnished pursuant to Regulation FD)](dp229923_ex9901.htm) |
| [99.2](dp229923_ex9902.htm) | [Toyota Business Highlights (furnished pursuant to Regulation FD)](dp229923_ex9902.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

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 hereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | TOYOTA MOTOR CREDIT CORPORATION | TOYOTA MOTOR CREDIT CORPORATION |
| Date: June 11, 2025 | By: | /s/ James Schofield |
|  |  | James Schofield |
|  |  | Group Vice President and Chief Financial Officer |

---

## Exhibit 99.1

**Exhibit 99.1**

![](ex9901_001.jpg)

TOYOTA FINANCIAL SERVICES 1 Presentation Materials for Investors June 2025

![](ex9901_002.jpg)

TOYOTA FINANCIAL SERVICES 2 Disclaimer • This presentation includes certain "forward - looking statements" within the meaning of The U.S. Private Securities Litigation Ref orm Act of 1995. • These statements are based on current expectations and currently available information. • Actual results may differ materially from these expectations due to certain risks, uncertainties and other important factors, in cluding the risk factors set forth in the most recent annual and periodic reports of Toyota Motor Corporation and Toyota Motor Credit Corporation. • We do not undertake to update the forward - looking statements to reflect actual results or changes in the factors affecting the f orward - looking statements. • This presentation does not constitute an offer to sell or a solicitation of an offer to purchase any securities. Any offer or sa le of securities will be made only by means of a prospectus and related documentation. • Investors and others should note that we announce material financial information using the investor relations section of our cor porate website (http://www.toyotafinancial.com) and SEC filings. We use these channels, press releases, as well as social media to communicate with our investors, customers and the general public about our company, our services and other issues. While not all of the information that we post on our website or social media is of a material nature, some information could be material. Ther efo re, we encourage investors, the media, and others interested in our company to review the information we post on the investor relati ons section of our website and on our social media. We may update our social media channels from time to time on the investor relat ions section of our corporate website.

![](ex9901_003.jpg)

TOYOTA FINANCIAL SERVICES 3 Disclaimer • This presentation includes certain "forward - looking statements" within the meaning of The U.S. Private Securities Litigation Ref orm Act of 1995. • These statements are based on current expectations and currently available information. • Actual results may differ materially from these expectations due to certain risks, uncertainties and other important factors, in cluding the risk factors set forth in the most recent annual and periodic reports of Toyota Motor Corporation and Toyota Motor Credit Corporation ("TMCC"). • We do not undertake to update the forward - looking statements to reflect actual results or changes in the factors affecting the f orward - looking statements. • This presentation does not constitute or form part of and should not be construed as, an offer to sell or issue or the solici tat ion of an offer to purchase or subscribe for securities of TMCC in any jurisdiction or an inducement to enter into investment activity in any jurisdiction. Neither this presentation nor any part thereof, nor the fact of its distribution, sh all form the basis of, or be relied on in connection with, any contract or commitment or investment decision whatsoever. Any offer or sale of securities by TMCC will be made only by means of a prospectus and related documentation. • Investors and prospective investors in securities of TMCC are required to make their own independent investigation and apprai sal of the business and financial condition of TMCC and the nature of its securities. This presentation does not constitute a recommendation regarding securities of TMCC. Any prospective purchaser of securities in TMCC is recommended to s eek its own independent financial advice. • This presentation and its contents are directed only at and may only be communicated to (a) persons in member states of the E uro pean Economic Area who are "qualified investors" within the meaning of Article 2 of the Prospectus Regulation (EU) 2017/1129 and (b) persons in the United Kingdom who are "qualified investors" within the meaning of Article 2 of the Prospectus Regulation (EU) 2017/1129 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended ("EUWA") who are (i) persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial S erv ices and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"), or (ii) high net worth entities and other persons to whom it may lawfully be communicate d, falling within Article 49(2)(a) to (d) of the Order, or (iii) other persons to whom it may otherwise lawfully be communicated (all such persons in (a) through (b) are collectively referred to as "Relevant Persons"); and in all cases are c apa ble of being categorized as (i) in the European Economic Area, an eligible counterparty or a professional client, each as defined in Directive 2014/65/EU (as amended) or (ii) in the United Kingdom, an eligible counterparty (as defined in the FC A H andbook Conduct of Business Sourcebook) or a professional client (as defined in Regulation (EU) No 600/2014 as it forms part of United Kingdom domestic law by virtue of the EUWA) (such persons in (i) and (ii) being referred to as "Eligible Persons"). • This presentation must not be acted or relied on by persons who are not both Relevant Persons and Eligible Persons. Any inves tme nt or investment activity to which this presentation relates is available only to persons who are both Relevant Persons and Eligible Persons and will be engaged in only with persons who are both Relevant Persons and Eligible Persons. • This presentation is an advertisement and not a prospectus and investors should not subscribe for or purchase any securities of TMCC referred to in this presentation or otherwise except on the basis of information in the Euro Medium Term Note Programme base prospectus of Toyota Motor Finance (Netherlands) B.V., Toyota Credit Canada Inc., Toyota Finance Australi a L imited and Toyota Motor Credit Corporation dated, 13 September 2024, as supplemented from time to time (together, the "Prospectus") together with the applicable final terms which are or will be, as applicable, available on the w ebs ite of the London Stock Exchange plc at https://www.londonstockexchange.com/news?tab=news - explorer. Investors should read the Prospectus before making an investment decision in order to fully understand the potential risks an d r ewards associated with the decision to invest in any securities of TMCC issued under the Euro Medium Term Note Programme. Approval of the Prospectus by the Central Bank of Ireland and the United Kingdom's Financial Conduct Authori ty should not be understood as an endorsement of securities issued by TMCC under the Euro Medium Term Note Programme. • Investors and others should note that we announce material financial information using the investor relations section of our cor porate website (http://www.toyotafinancial.com) and SEC filings. We use these channels, press releases, as well as social media to communicate with our investors, customers and the general public about our company, our services and other is sues. While not all of the information that we post on our website or social media is of a material nature, some information could be material. Therefore, we encourage investors, the media, and others interested in our company to rev iew the information we post on the investor relations section of our website and on our social media. We may update our social media channels from time to time on the investor relations section of our corporate website.

![](ex9901_004.jpg)

TOYOTA FINANCIAL SERVICES 4 Toyota's Global Business Markets vehicles in approximately 200 countries and regions 53 overseas manufacturing organizations in 26 countries and regions besides Japan Over 380,000 employees worldwide AUTOMOTIVE Design, Manufacturing, Distribution Consumer Financing Dealer Support & Financing Banking Securities Services Ancillary Products & Services OTHER BUSINESSES Housing Marine Telecommunications e - Business Intelligent Transport Services Biotechnology & Afforestation

![](ex9901_005.jpg)

TOYOTA FINANCIAL SERVICES 5 TMC Financial Highlights ¥ in billions TMC has adopted International Financial Reporting Standards (IFRS) beginning with the first quarter of the fiscal year ended Mar ch 2021 (1) Cash and cash equivalents, time deposits, public and corporate bonds and its investment in monetary trust funds, excluding in ea ch case those relating to financial services (2) Capital Expenditures do not include vehicles in operating lease or right of use assets (3) R&D activity related expenditures incurred during the reporting period Source: TMC Q4 FY2023 Financial Summary; TMC Q4 FY2024 Financial Summary, TMC Q4 FY2025 Financial Summary

![](ex9901_006.jpg)

TOYOTA FINANCIAL SERVICES 6 Toyota Operations Across the US Source : Toyota USA website as of Fall 2023

![](ex9901_007.jpg)

TOYOTA FINANCIAL SERVICES 7 Toyota Motor North America, Inc. $21B+ Announced new investments into U.S. manufacturing operations since 2020 to support electrification efforts 35.3M+ Vehicles assembled in US since 1986 with over 60 years of US presence $49B+ Direct investment in the U.S. as of April 30, 2025 30 BEV models expected globally by 2030 #1 Toyota was the number one retail brand for the 12 th consecutive year 49.8% TMNA sales CYTD 2025 were electrified vehicles (1) Source : Toyota Motor North America, Inc. Reports (1) Electrified vehicles include hybrid, plug - in hybrid, battery electric, and fuel cell.

![](ex9901_008.jpg)

TOYOTA FINANCIAL SERVICES 8 Toyota and Lexus 3 rd Party Accolades Quality, dependability, safety and product appeal remain high as reflected by numerous 3 rd party accolades 2025 MY NHTSA 5 - Star Overall Rating 26 Toyota models 17 Lexus models (includes multiple trims) 2025 Fortune Toyota has been again named by Fortune as one of the "World's Most Admired Companies" 2025 Kelley Blue Book Best Buy Awards Best New Model & Midsize Car – Camry Best Minivan – Sienna Best Hatchback - Prius Best Luxury Hybrid SUV – Lexus RX Best Luxury Hybrid Car – Lexus ES Best Hybrid & Mid - Size Truck - Tacoma 2025 IIHS Used Vehicle List Best Choices for Teens 6 Toyota vehicles 2 Lexus vehicles 2025 IIHS Top Safety Pick Awards 2 qualifying Toyota models 1 qualifying Lexus models 2025 Edmunds Top Rated Awards Top Rated SUV – Grand Highlander Highly Recommended – Toyota Camry and Lexus GX 2025 U.S. News Best Gas Mileage 5 Toyota models 2 Lexus models 2025 Kelley Blue Book Best Resale Value - Brand Toyota - seventh time in eight years with five category wins Lexus - earning this award for the ninth time 2025 J.D. Power and Associates Vehicle Dependability Survey Lexus and Toyota ranked 1 st and 4 nd in overall dependability, while TMC received 7 model - level awards, the most of any parent corporation 2024 Interbrand Best Global Brands Toyota named world's No. 1 most valuable automotive brand and No. 6 most valuable overall sectors 2025 U.S. News Best Cars for Families Best Hybrid SUV - Highlander 2025 U.S. News Best Cars for the Money Camry, Corolla, and Prius were all finalists in their categories. Tacoma was named the Best Midsize Pickup Truck

![](ex9901_009.jpg)

TOYOTA FINANCIAL SERVICES 9 Toyota and Lexus Vehicle Highlights Lexus GX Lexus TX (Hybrid/PHEV) Prius (Hybrid/PHEV) Tacoma (Hybrid) Land Cruiser (Hybrid) Lexus RZ (BEV) Lexus RX (Hybrid/PHEV) RAV4 (Hybrid/PHEV)

![](ex9901_010.jpg)

TOYOTA FINANCIAL SERVICES 10 Toyota Financial Services

![](ex9901_011.jpg)

TOYOTA FINANCIAL SERVICES 11 TFS Group Global Presence

![](ex9901_012.jpg)

TOYOTA FINANCIAL SERVICES 12 Toyota Motor Credit Corp (TMCC) Toyota Motor Corporation (TMC)  Toyota Financial Services Corporation (TFSC)  Toyota Motor Credit Corporation (TMCC) • Nearly 5.0 million active finance contracts (1) • A+/A1/A+ (2) rated captive finance company by S&P/Moody's/Fitch • Credit support agreement structure with TFSC/TMC (3) (1) As of March 31, 2025 . Source : Company Reports (2) S&P (Stable), Moody's (Stable) and Fitch (Stable) (3) The Credit Support Agreements do not apply to securitization transactions

![](ex9901_013.jpg)

TOYOTA FINANCIAL SERVICES 13 ▪ Voluntary Protection Products • Service Agreements • Prepaid Maintenance • Guaranteed Auto Protection • Excess Wear & Use • Tire & Wheel • Key Replacement Protection • Used Vehicle Limited Warranty TMCC Products and Services ▪ Dealer Financing • Wholesale • Real Estate • Working Capital • Revolving Credit Lines ▪ Consumer Financing • Retail • Lease Source : TMCC March 31, 2025, 10 - K . Reflects Operating Lease and Retail Financing revenues; Dealer Financing revenues; and Voluntary protection contract revenues and insurance earned premiums for the fiscal year ended March 31, 2025

![](ex9901_014.jpg)

TOYOTA FINANCIAL SERVICES 14 TMCC Earning Asset Composition $ in billions (P ercentages may not add to 100% due to rounding) Source: TMCC March 31, 2022 10 - K, March 31, 2023 10 - K, March 31, 2024 10 - K, and March 31, 2025 10 - K

![](ex9901_015.jpg)

TOYOTA FINANCIAL SERVICES 15 TMCC Financial Performance $ in millions (1) 60+ Days Delinquent, Allowance for Credit Losses, and Net Credit Losses : percentage of gross earning assets (2) Allowance for Credit Losses : the quotient of allowance for credit losses divided by the sum of gross finance receivables (finance receivables before all owa nce for credit losses). (3) Net Credit Losses : results are annualized and for Finance Receivables only Source: TMCC March 31, 2024 10 - K, and March 31, 2025 10 - K

![](ex9901_016.jpg)

TOYOTA FINANCIAL SERVICES 16 TMCC Funding Programs

![](ex9901_017.jpg)

TOYOTA FINANCIAL SERVICES 17 Commercial Paper Highlights Source : TMCC March 31, 2025, 10 - K and Company Reports (1) As of March 31 , 2025 $15.0B \| $4.1B Syndicated Other Backed by $19.1B of Committed Bank Credit (1) TCCI TFA TMCC TMFNL TCPR Five Distinct Programs A - 1+ \| P - 1 \| F1 S&P Moody's Fitch Highest Short - Term Ratings DOCP Rates Posted Daily on Bloomberg 700+ Investors State and Local, Corporates, Pension Funds, Asset Managers, Financial Institutions $17.6B Average Outstanding Balance TMCC and TCPR during 4QFY25

![](ex9901_018.jpg)

TOYOTA FINANCIAL SERVICES 18 TMCC FY2025 Funding Overview As of March 31, 2025 (1) Net of retained (2) Funding from asset - backed loans and ABCP Conduits Figures may not add up to 100% due to rounding

![](ex9901_019.jpg)

TOYOTA FINANCIAL SERVICES 19 Diversification in Debt Offerings As of March 31, 2025 $ in millions (1) EMTN total outstanding balance includes the effect of cross - currency interest rate swaps and differs from amounts shown in T MCC's financial statements.

![](ex9901_020.jpg)

TOYOTA FINANCIAL SERVICES 20 Funding Flexibility and Responsiveness (1) Unsecured U.S. MTN issuances, excluding Structured Notes and Retail Demand Notes. FY25 as of March 31, 2025. (2) Does not include EMTN issuances (e.g., 7yr EMTN issued in FY2025). Percentages may not add to 100% due to rounding Source: Company Reports

![](ex9901_021.jpg)

TOYOTA FINANCIAL SERVICES 21 Retail Loan and Lease Origination and Portfolio Performance

![](ex9901_022.jpg)

TOYOTA FINANCIAL SERVICES 22 Credit Decisioning & Collections Disciplined Underwriting Consistent and conservative underwriting standards designed to limit delinquencies and credit losses • Key mission is to support Toyota and Lexus brand and vehicle sales • Continued focus on prime originations • Proprietary credit scores that leverage TMCC's extensive origination history • Regular statistical validations of predictive power Servicing Optimization Optimization of collections strategy and staff supports loss mitigation while enabling portfolio growth • Emphasis on early intervention • Reinforcement of strong compliance management system • Focus on analytics and technology to prioritize high risk accounts and manage loss severities

![](ex9901_023.jpg)

TOYOTA FINANCIAL SERVICES 23 Managed Portfolio - Retail Loan Outstanding and Performance\* Source: Company Reports as of March 31, 2025 \*Excludes contracts purchased by a subsidiary of TMCC in Puerto Rico and the private label business, and includes contracts t hat have been sold but are still being serviced by TMCC

![](ex9901_024.jpg)

TOYOTA FINANCIAL SERVICES 24 Managed Portfolio - Retail Loan Cumulative Net Losses by Vintage Source : Company Reports as of March 31, 2025

![](ex9901_025.jpg)

TOYOTA FINANCIAL SERVICES 25 Managed Portfolio - Retail Loan Origination Characteristics \*Percentages may not sum to 100% due to rounding . Source: Company Reports as of March 31, 2025. Includes retail loans for Toyota and Lexus brands only

![](ex9901_026.jpg)

TOYOTA FINANCIAL SERVICES 26 ABS – TAOT Characteristics \*Percentages may not sum to 100% due to rounding . Source: Company Reports as of May 2025

![](ex9901_027.jpg)

TOYOTA FINANCIAL SERVICES 27 ABS - TAOT Cumulative Net Loss Source : Company Reports as of May 2025 payment date

![](ex9901_028.jpg)

TOYOTA FINANCIAL SERVICES 28 ABS - TALNT Revolving Series Performance Source : Company Reports as of May 2025 payment date

![](ex9901_029.jpg)

TOYOTA FINANCIAL SERVICES 29 Source: Company Reports as of March 31, 2025 Managed Portfolio – Lease Outstanding and Performance\* \*Excludes contracts purchased by a subsidiary of TMCC in Puerto Rico and the private label business, and includes contracts t hat have been sold but are still being serviced by TMCC

![](ex9901_030.jpg)

TOYOTA FINANCIAL SERVICES 30 Managed Portfolio – Lease Cumulative Net Losses by Vintage Source : Company Reports as of March 31 , 2025

![](ex9901_031.jpg)

TOYOTA FINANCIAL SERVICES 31 Managed Portfolio - Lease Origination Characteristics \*Percentages may not sum to 100% due to rounding . Source: Company Reports as of March 31, 2025. Includes leases for Toyota and Lexus brands only

![](ex9901_032.jpg)

TOYOTA FINANCIAL SERVICES 32 ABS - TLOT Characteristics \*Percentages may not sum to 100% due to rounding Source: Company Reports as of March 31, 2025

![](ex9901_033.jpg)

TOYOTA FINANCIAL SERVICES 33 Source : Company Reports as of May 2025 payment date ABS - TLOT Performance

![](ex9901_034.jpg)

TOYOTA FINANCIAL SERVICES 34 Appendix

![](ex9901_035.jpg)

TOYOTA FINANCIAL SERVICES 35 TMCC Financial Performance (1) Percentage of gross earning assets (2) The quotient of allowance for credit losses divided by the sum of gross finance receivables (finance receivables before allow anc e for credit losses) Source : TMCC March 31, 2025, 10 - K Consolidated Income Statement (USD millions) 2024 2025 Total Financing Revenues 12,144 13,232 less: Interest Expense and Depreciation 8,884 9,959 add: Other Income 1,993 2,194 Net Financing Revenues and Other 5,253 5,467 Net Income 1,460 1,712 Credit Performance 2024 2025 Over 60 Days Delinquent (1) Retail 0.64% 0.58% Lease 0.48% 0.37% Allowance for Credit Losses (1) (2) 1.58% 1.59% 2024 2025 Net Credit Losses (1) 0.69% 0.72% Twelve Months Ended, Mar 31 March 31, Twelve Months Ended, Mar 31

![](ex9901_036.jpg)

TOYOTA FINANCIAL SERVICES 36 Credit Support Agreement TFSC Credit Support Agreement Securities (1) issued by TMCC (and various other TFSC subsidiaries) have the benefit of a credit support agreement with TFSC • TFSC will own 100% of TMCC • TFSC will cause TMCC to maintain a tangible net worth of at least $100,000 as long as covered securities are outstanding • If TMCC determines it will be unable to meet its payment obligations on any securities, TFSC will make sufficient funds avail abl e to TMCC to ensure that all such payment obligations are paid as due • Agreement cannot be terminated until (1) repayment of all outstanding securities or (2) each rating agency requested by Toyot a t o provide a rating has confirmed no change in rating of all such securities TMC Credit Support Agreement TFSC in turn has the benefit of a credit support agreement with TMC • Same key features as TFSC/TMCC credit support agreement • TMC will cause TFSC to maintain a tangible net worth of at least JPY10mm as long as covered securities are outstanding TFSC's and/or TMC's credit support obligations will rank pari passu with all other senior unsecured debt obligations (1) "Securities" defined as outstanding bonds, debentures, notes and other investment securities and commercial paper, but does n ot include asset - backed securities issued by TMCC's securitization trusts.

![](ex9901_037.jpg)

TOYOTA FINANCIAL SERVICES 37 Managed Portfolio - Retail Loan Origination Profile (1) Percentages may not add to 100.0% due to rounding. Source: Company Reports as of March 31, 2025 Original Summary Characteristics by Vintage Origination Year: 2021 2022 2023 2024 2025 Number of Pool Assets 1,053,629 1,043,884 1,034,754 958,631 205,076 Original Pool Balance $34,544,936,474 $36,849,953,504 $36,701,259,863 $35,329,565,224 $7,746,281,548 Average Initial Loan Balance $32,787 $35,301 $35,469 $36,854 $37,773 Weighted Average Interest Rate 4.91% 5.59% 7.71% 7.25% 6.79% Weighted Average Original Term 72 Months 70 Months 70 Months 69 Months 69 Months Weighted Average FICO 726 732 742 750 749 Minimum FICO 395 397 392 413 400 Maximum FICO 897 898 899 900 900 Geographic Distribution of Receivables representing the 5 states with the greatest aggregate original principal balance: State 1 CA - 23.2% CA - 23.0% CA - 21.1% CA - 20.1% CA - 20.9% State 2 TX - 15.6% TX - 16.2% TX - 15.3% TX - 17.3% TX - 18.0% State 3 NY - 4.2% NY - 4.4% NY - 4.6% NY - 4.2% NY - 4.3% State 4 VA - 4.1% MD - 3.8% VA - 3.7% IL - 3.6% AZ - 3.6% State 5 MD - 3.9% PA - 3.7% MD - 3.5% VA - 3.6% VA - 3.5% Distribution of Receivables by Contract Rate: (1) Less than 2.0% 16.3% 5.9% 0.5% 2.0% 2.7% 2.0% - 3.99% 28.0% 32.8% 6.7% 6.6% 10.5% 4.0% - 5.99% 29.7% 27.4% 32.2% 40.4% 42.2% 6.0% - 7.99% 13.2% 15.9% 19.9% 16.2% 15.9% 8.0% - 9.99% 5.4% 9.6% 22.5% 16.8% 12.8% 10.0% - 11.99% 2.4% 3.8% 10.5% 9.9% 8.6% 12.0% - 13.99% 1.6% 1.6% 3.9% 4.2% 3.7% 14.0% - 15.99% 1.2% 0.9% 1.4% 1.5% 1.4% 16.0% and greater 2.1% 2.0% 2.3% 2.3% 2.3% Total 100.00% 100.00% 100.00% 100.00% 100.00% Share of Original Assets: Percentage of Non-Toyota/Non-Lexus 8.2% 7.3% 4.8% 2.5% 2.2% Percentage of 75+ Month Term 29.1% 19.1% 22.4% 16.4% 13.4% Percentage of Used Vehicles 36.5% 34.3% 31.0% 25.4% 26.0% Percentage of New Vehicles 63.5% 65.7% 69.0% 74.6% 74.0%

![](ex9901_038.jpg)

TOYOTA FINANCIAL SERVICES 38 Managed Portfolio – Retail Loan Performance (1) The historical delinquency data reported in this table includes all retail vehicle installment sales contracts purchased by TMCC, excluding those purchased by a subsidiary of TMCC operating in Puerto Rico. Includes contracts that have been sold but are still being serviced by TMCC. Excludes private label. (2) Number of contracts outstanding at end of period. (3) The period of delinquency is based on the number of days payments are contractually past due. A payment is deemed to be pas t due if less than 90% of such payment is made. Source: Company Reports 2025 2024 2023 2022 2021 Outstanding Contracts (2) 3,455,749 3,514,336 3,382,927 3,267,466 3,237,181 Number of Accounts Past Due in the following categories 30 - 59 days 56,332 62,787 50,632 40,744 27,476 60 - 89 days 16,417 18,023 15,348 10,731 7,223 Over 89 days 15,194 16,806 14,344 10,389 8,500 Delinquencies as a Percentage of Contracts Outstanding (3) 30 - 59 days 1.63% 1.79% 1.50% 1.25% 0.85% 60 - 89 days 0.48% 0.51% 0.45% 0.33% 0.22% Over 89 days 0.44% 0.48% 0.42% 0.32% 0.26% TMCC Retail Loan Delinquency Experience (1) At March 31,

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TOYOTA FINANCIAL SERVICES 39 Managed Portfolio – Retail Loan Performance (1) The net loss and repossession data reported in this table includes all retail installments sales contracts purchased by T MCC , excluding those purchased by a subsidiary of TMCC in Puerto Rico. Includes contracts that have been sold but are still bei ng serviced by TMCC. Excludes private label. (2) Principal Balance Outstanding includes payoff amount for simple interest contracts and net principal balance for actuaria l c ontracts. Actuarial contracts do not comprise any of the Receivables. (3) Average of the principal balance or number of contracts outstanding as of the beginning and end of the indicated periods. (4) Includes bankrupt repossessions but excludes bankruptcies. (5) Amount charged off is the principal balance, including earned but not yet received finance charges, repossession expenses an d unpaid extension fees, less any proceeds from the liquidation of the related vehicle. Also includes dealer reserve charge - offs . (6) Includes all recoveries from post - disposition monies received on previously charged - off contracts including any proceeds fro m the liquidation of the related vehicle after the related charge - off. Also includes recoveries for dealer reserve charge - offs and dealer reserve chargebacks. Source : Company Reports 2025 2024 2023 2022 2021 Principal Balance Outstanding (2) $76,559,747 $78,003,407 $72,573,179 $67,146,402 $62,833,053 Average Principal Balance Outstanding (3) $77,281,577 $75,288,293 $69,859,790 $64,989,727 $59,549,471 Number of Contracts Outstanding 3,455,749 3,514,336 3,382,927 3,267,466 3,237,181 Average Number of Contracts Outstanding (3) 3,485,043 3,448,632 3,325,197 3,252,324 3,189,662 Number of Repossessions (4) 60,440 52,499 35,962 28,180 28,423 Number of Repossessions as a Percent of the Number of Contracts Outstanding 1.75% 1.49% 1.06% 0.86% 0.88% Number of Repossessions as a Percent of the Average Number of Contracts Outstanding 1.73% 1.52% 1.08% 0.87% 0.89% Gross Charge-Offs (5) $806,371 $710,294 $495,938 $222,023 $278,833 Recoveries (6) $121,371 $96,200 $58,752 $54,989 $47,917 Net Losses $685,000 $614,094 $437,186 $167,034 $230,916 Net Losses as a Percentage of Principal Balance Outstanding 0.89% 0.79% 0.60% 0.25% 0.37% Net Losses as a Percentage of Average Principal Balance Outstanding 0.89% 0.82% 0.63% 0.26% 0.39% TMCC Managed Portfolio Net Loss and Repossession Experience (dollars in thousands) (1) For the Fiscal Years Ended March 31,

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TOYOTA FINANCIAL SERVICES 40 Source : Company Reports ABS – TAOT Collateral History Original Summary Characteristics by Prior Securitization: TAOT 2022-B TAOT 2022-C TAOT 2022-D TAOT 2023-A TAOT 2023-B TAOT 2023-C TAOT 2023-D TAOT 2024-A TAOT 2024-B TAOT 2024-C TAOT 2024-D TAOT 2025-A TAOT 2025-B Number of Pool Assets 77,626 65,964 68,972 69,360 67,500 65,736 65,406 71,726 70,254 68,850 69,385 69,132 69,995 Initial Pool Balance $1,836,639,189.92 $1,661,936,432.71 $1,807,594,097.92 $1,813,667,857.76 $1,795,999,450.37 $1,781,678,265.26 $1,774,239,151.48 $1,908,468,799.65 $1,876,256,589.10 $1,864,834,545.38 $1,841,920,697.79 $1,977,161,496.74 $1,988,794,756.78 Average Principal Balance $23,660.10 $25,194.60 $26,207.65 $26,148.61 $26,607.40 $27,103.54 $27,126.55 $26,607.77 $26,706.76 $27,085.47 $26,546.38 $28,599.80 $28,429.63 Weighted Average Interest Rate 3.27% 3.37% 3.44% 3.64% 4.05% 4.64% 5.10% 5.37% 5.70% 6.04% 5.96% 6.00% 6.05% Weighted Average Original Term 66 67 67 66 66 66 66 66 66 65 65 66 66 Weighted Average Remaining Term 55 56 57 56 55 55 55 55 55 54 53 54 54 Weighted Average FICO 766 765 765 766 765 766 767 767 768 769 770 769 769 Minimum FICO 620 620 620 620 620 620 620 620 620 620 620 620 620 Maximum FICO 900 900 900 900 900 900 900 900 900 900 900 900 900 Geographic Distribution of Receivables representing the 5 states with the greatest aggregate Initial principal balance: State 1 CA – 28.2% CA – 26.9% CA – 27.29% CA – 26.46% CA – 25.24% CA – 23.59% CA – 21.26% CA – 19.62% CA – 17.43% CA – 16.32% TX – 17.31% CA – 19.63% CA – 20.94% State 2 TX – 12.9% TX – 12.9% TX – 13.09% TX – 13.30% TX – 14.61% TX – 14.89% TX – 15.28% TX – 16.00% TX – 16.09% TX – 16.21% CA – 15.58% TX – 16.64% TX – 16.76% State 3 PA – 4.0% PA – 4.2% PA – 4.09% PA – 4.35% IL – 4.15% PA – 4.03% PA – 4.12% PA – 4.24% PA – 4.30% PA – 4.58% PA – 4.55% PA – 4.20% IL – 4.01% State 4 IL – 4.0% Il – 4.0% NJ – 3.86% Il – 4.00% PA – 4.12% IL – 3.91% IL – 4.05% IL – 4.03% IL – 4.05% IL – 4.04% IL – 4.37% IL – 3.89% PA – 4.00% State 5 NJ – 3.7% NJ – 3.7% Il – 3.83% NJ – 3.81% MD – 3.62% NJ – 3.62% MD – 3.79% VA – 3.98% VA – 4.00% VA – 4.00% VA – 4.00% VA – 3.69% VA – 3.62% Distribution of Receivables by Contract Rate: (1) MD – 3.62% VA – 3.62% Less than 2.0% 32.70% 30.57% 22.28% 19.25% 18.44% 8.28% 5.80% 4.46% 3.10% 2.09% 2.99% 3.69% 4.13% 2.0% - 3.99% 38.79% 41.21% 50.81% 51.68% 46.97% 35.43% 28.07% 22.76% 17.46% 16.27% 14.64% 11.11% 11.08% 4.0% - 5.99% 19.78% 19.83% 18.88% 19.58% 21.51% 39.42% 44.55% 47.92% 49.23% 44.54% 48.37% 52.79% 50.94% 6.0% - 7.99% 5.34% 5.11% 4.91% 6.18% 8.40% 9.22% 12.20% 14.63% 18.01% 19.44% 18.57% 16.74% 18.20% 8.0% - 9.99% 2.03% 1.92% 1.88% 2.01% 2.96% 5.14% 6.13% 6.92% 8.87% 12.56% 10.96% 10.86% 9.82% 10.0% - 11.99% 0.78% 0.90% 0.74% 0.75% 1.02% 1.53% 2.10% 2.23% 2.27% 3.38% 2.88% 3.24% 3.78% 12.0% - 13.99% 0.39% 0.31% 0.36% 0.37% 0.40% 0.59% 0.68% 0.68% 0.67% 1.09% 1.02% 0.95% 1.28% 14.0% - 15.99% 0.15% 0.14% 0.11% 0.14% 0.20% 0.26% 0.27% 0.23% 0.23% 0.37% 0.36% 0.32% 0.44% 16.0% and greater 0.04% 0.03% 0.03% 0.04% 0.10% 0.14% 0.20% 0.18% 0.17% 0.26% 0.21% 0.30% 0.33% Total 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% Distribution of Receivables by Vehicle Type: (1) Passenger Cars 31.46% 26.58% 27.49% 28.21% 28.55% 27.88% 27.91% 27.96% 26.81% 24.25% 24.85% 26.57% 27.45% Light Duty Trucks 12.83% 12.12% 12.09% 13.51% 16.86% 18.50% 18.15% 17.84% 18.22% 18.61% 18.78% 19.20% 20.34% SUVs 7.06% 7.05% 6.72% 6.50% 6.09% 6.28% 6.13% 6.35% 6.93% 7.51% 6.88% 6.88% 7.33% CUVs 48.65% 54.25% 53.70% 51.78% 48.50% 47.34% 47.82% 47.86% 48.04% 49.64% 49.49% 47.35% 44.87% Total 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% Distribution of Receivables by Make: (1) Toyota and Scion 80.71% 80.18% 79.83% 80.01% 81.72% 82.91% 81.44% 81.45% 81.41% 79.01% 81.19% 83.31% 82.60% Lexus 19.29% 19.82% 20.17% 19.99% 18.28% 17.09% 18.56% 18.55% 18.59% 20.99% 18.81% 16.69% 17.40% Total 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% Share of Original Assets: Percentage with Original Scheduled Payments > 60 months 55.04% 65.07% 65.50% 63.10% 62.35% 63.31% 62.61% 62.19% 62.98% 60.99% 59.38% 60.58% 60.23% Percentage of Used Vehicles 23.26% 22.78% 21.56% 20.94% 18.72% 18.75% 17.38% 15.82% 13.38% 13.04% 9.97% 9.00% 12.04% (1) Percentages may not add to 100.00% due to rounding

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TOYOTA FINANCIAL SERVICES 41 Managed Portfolio - Lease Origination Profile (1) Percentages may not add to 100.0% due to rounding. Source: Company Reports as of March 31, 2025 Original Summary Characteristics by Vintage Origination Year: 2021 2022 2023 2024 2025 Number of Pool Assets 383,011 184,817 215,589 306,146 74,874 Original Pool Balance $14,903,774,629 $7,419,017,197 $9,461,838,737 $13,656,752,866 $3,385,053,111 Average Initial Lease Balance $38,912 $40,143 $43,888 $44,609 $45,210 Weighted Average Original Term 37 37 37 36 38 Weighted Average FICO 748 744 749 757 755 Minimum FICO 369 426 417 396 422 Maximum FICO 900 900 900 900 900 Geographic Distribution of Receivables representing the 5 states with the greatest aggregate Net Capital Cost: State 1 CA - 22.0% CA - 20.2% CA - 23.1% CA - 26.1% CA - 26.2% State 2 NY - 11.5% NY - 11.% TX - 12.2% TX - 10.8% TX - 9.5% State 3 NJ - 7.3% TX - 8.4% NY - 9.3% NY - 8.8% NY - 8.5% State 4 FL - 8.6% FL - 8.3% FL - 7.6% FL - 6.5% FL - 5.9% State 5 TX - 6.9% NJ - 7.6% NJ - 6.2% NJ - 5.6% NJ - 5.4% Distribution of Receivables by Vehicle Type: (1) Passenger Cars 25.6% 23.8% 19.0% 18.5% 18.8% Light Duty Trucks 10.9% 15.2% 20.6% 21.9% 26.2% SUVs 8.1% 8.5% 10.8% 9.2% 7.7% CUVs 55.5% 52.6% 49.7% 50.5% 47.4% Total 100.00% 100.00% 100.00% 100.00% 100.00% Distribution of Receivables by Make: (1) Toyota 58.8% 62.5% 60.3% 63.7% 64.9% Lexus 41.2% 37.5% 39.7% 36.3% 35.1% Total 100.00% 100.00% 100.00% 100.00% 100.00% (1) Percentages may not add to 100.00% due to rounding

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TOYOTA FINANCIAL SERVICES 42 Managed Portfolio – Lease Performance (1) Data presented in the table is based upon lease units for Toyota and Lexus vehicles. Excludes contracts purchased by a subsi dia ry of TMCC in Puerto Rico and the private label business. (2) Number of contracts outstanding at end of period. Excludes private label. (3) The period of delinquency is based on the number of days payments are contractually past due. A payment is deemed to b e p ast due if less than 90% of such payment is made. Source: Company Reports 2025 2024 2023 2022 2021 Outstanding Contracts (2) 654,476 672,664 813,606 1,057,438 1,248,019 Number of Accounts Past Due in the following categories 30 - 59 days 5,814 7,952 7,589 7,421 6,356 60 - 89 days 1,668 2,235 2,198 1,777 1,615 Over 89 days 1,261 1,708 1,691 1,287 1,100 Delinquencies as a Percentage of Contracts Outstanding (3) 30 - 59 days 0.89% 1.18% 0.93% 0.70% 0.51% 60 - 89 days 0.25% 0.33% 0.27% 0.17% 0.13% Over 89 days 0.19% 0.25% 0.21% 0.12% 0.09% TMCC Lease Delinquency Experience (1) At March 31,

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TOYOTA FINANCIAL SERVICES 43 Managed Portfolio – Lease Performance (1) Includes contracts that are sold but still serviced by TMCC, but excludes those contracts purchased by a subsidiary of TM CC in Puerto Rico and the private label business. (2) Outstanding balance is equal to the net book value of the related Lease. (3) Averages are computed by taking an average of the month end outstanding amounts for each period presented. (4) Includes bankrupt repossessions but excludes bankruptcies. (5) Amount charged off is the net remaining principal balance, including earned but not yet received finance charges, reposse ssi on expenses and unpaid extension fees, less any proceeds from the liquidation of the related vehicle. Also includes dealer re ser ve charge - offs. (6) Includes all recoveries from post - disposition monies received on previously charged - off contracts including any proceeds fro m the liquidation of the related vehicle after the related charge - off. Also includes recoveries for dealer reserve charge - offs and dealer reserve chargebacks. (7) Amounts are annualized to reflect the average number of repo units sold and the average amount of lease contracts as a pe rce ntage of the total outstanding portfolio. (8) Represents total charge - offs less recoveries Source : Company Reports 2025 2024 2023 2022 2021 Lease Contracts Outstanding ($) (2) $24,501,417 $22,714,668 $25,245,328 $32,383,470 $37,225,686 Average Lease Contracts Outstanding ($) $23,244,285 $23,690,962 $28,145,158 $35,446,715 $37,593,542 Number of Lease Contracts Outstanding (Units) 654,476 672,664 813,606 1,057,438 1,248,110 Average Number of Lease Contracts Outstanding (Units) (3) 650,210 734,641 914,831 1,162,957 1,290,643 Number of Repossessions Sold (Units) (4) 3,712 3,148 2,377 2,656 4,454 Number of Repossessions Sold as a Percent of the Average Number of Lease Contracts Outstanding (7) 0.57% 0.43% 0.26% 0.23% 0.35% Charge-Offs ($) (5) $96,723 $66,000 $42,578 $8,914 $74,646 Charge-Offs (Units) 12,530 12,690 13,263 16,223 19,121 Recoveries ($) (6) $34,750 $37,916 $22,415 $22,291 $27,503 Net (Gains)/Losses ($) (8) $61,973 $28,085 $20,163 ($13,377) $47,143 Net (Gains)/Losses as a Percentage of Average Dollar Amount of Lease Contracts Outstanding (7) 0.27% 0.12% 0.07% -0.04% 0.13% TMCC Managed Portfolio Net Loss and Repossession Experience (dollars in thousands) (1) For the Fiscal Years Ended March 31,

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TOYOTA FINANCIAL SERVICES 44 TMCC Managed Lease Portfolio Residual Loss Experience - Aggregate Portfolio (1)(2) (1) The residual value loss data reported in this table includes all lease contracts purchased by TMCC or the Titling Trust w ith FICO® scores of at least 620 and original terms between 24 and 48 months, excluding full Battery Electric and Hydrogen Fuel C el l Vehicles. The residual value loss data reported in this table also includes lease contracts that have been sold but are st ill being serviced by TMCC. (2) For purposes of this table, the "ALG Residual" for each leased vehicle is equal to the related residual value estimate pr odu ced by Automotive Lease Guide at the time of origination of the related lease with average condition and standard mileage (15 ,00 0 miles/year) or, if such estimate is unavailable, the related Contract Residual Value. (3) Excludes repossessions, charge - offs, and vehicles in inventory, but includes early terminations (4) Includes all vehicles terminating at scheduled maturity, terminating past scheduled maturity and terminating within 30 da ys prior to scheduled maturity. (5) Residual gain/(loss) is net of remarketing expenses, and excess wear and tear and excess mileage collections. (6) Adjusted MSRP includes value added vehicle adjustments. Source : Company Reports 2025 2024 2024 2023 2022 2021 2020 Total Number of Vehicles Scheduled to Terminate 45,843 113,291 344,175 349,054 435,424 456,075 447,288 Total ALG Residuals on Vehicles Scheduled to Terminate $1,059,351,310 $2,482,421,370 $7,512,488,480 $7,334,705,395 $8,853,916,925 $8,708,633,563 $8,481,913,698 Number of Vehicles Returned to TMCC (3) 1,237 3,198 8,744 7,561 9,881 48,893 173,672 Number of Vehicles Going to Full Term (4) 15,724 61,305 172,094 178,208 224,364 238,456 273,229 Vehicles Returned to TMCC Ratio 2.7% 2.8% 2.5% 2.2% 2.3% 10.7% 38.8% Total Gain/(Loss) on ALG Residuals on Vehicles Returned to TMCC (5) $4,660,560 $11,712,758 $33,315,497 $24,971,110 $32,107,018 $175,597,275 $290,069,952 Average Gain/(Loss) on ALG Residuals on Vehicles Returned to TMCC (5) $3,768 $3,663 $3,810 $3,303 $3,249 $3,591 $1,670 Total ALG Residuals on Vehicles Returned to TMCC $34,595,338 $73,091,400 $202,392,969 $155,857,426 $189,977,850 $997,449,401 $3,424,893,778 Total Gain/(Loss) on ALG Residuals on Vehicles Returned to TMCC as a Percentage of ALG Residuals of Returned Vehicles sold by TMCC 13.5% 16.0% 16.5% 16.0% 16.9% 17.6% 8.5% Total Gain/(Loss) on ALG Residuals on Vehicles Returned to TMCC as a Percentage of ALG Residuals of Vehicles Scheduled to Terminate 0.4% 0.5% 0.4% 0.3% 0.4% 2.0% 3.4% Average Contract Residual Value as a Percentage of Adjusted MSRP (6) 62.0% 62.3% 61.2% 58.3% 57.5% 56.2% 58.5% Average ALG Residual as a Percentage of Adjusted MSRP (6) 54.6% 55.9% 54.8% 52.1% 51.6% 50.6% 51.2% Percentage Difference 7.4% 6.4% 6.4% 6.2% 5.8% 5.5% 7.3% For the Calendar YTD For the Calendar Years Ended March 31, December 31,

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TOYOTA FINANCIAL SERVICES 45 TMCC Managed Lease Portfolio Residual Loss Experience – By Make (1)(2) (1) The residual value loss data reported in this table includes all lease contracts purchased by TMCC or the Titling Trust w ith FICO® scores of at least 620 and original terms between 24 and 48 months, excluding full Battery Electric and Hydrogen Fuel C el l Vehicles. The residual value loss data reported in this table also includes lease contracts that have been sold but are st ill being serviced by TMCC. (2) For purposes of this table, the "ALG Residual" for each leased vehicle is equal to the related residual value estimate pr odu ced by Automotive Lease Guide at the time of origination of the related lease with average condition and standard mileage (15 ,00 0 miles/year) or, if such estimate is unavailable, the related Contract Residual Value. (3) Excludes repossessions, charge - offs, and vehicles in inventory, but includes early terminations (4) Includes all vehicles terminating at scheduled maturity, terminating past scheduled maturity and terminating within 30 da ys prior to scheduled maturity. (5) Residual gain/(loss) is net of remarketing expenses, and excess wear and tear and excess mileage collections. (6) Adjusted MSRP includes value added vehicle adjustments. Source : Company Reports 2025 2024 2024 2023 2022 2021 2020 Total Number of Vehicles Scheduled to Terminate 28,443 82,380 232,349 204,505 276,073 314,482 304,998 Total ALG Residuals on Vehicles Scheduled to Terminate $628,849,675 $1,687,261,845 $4,775,790,610 $3,815,402,810 $5,014,246,322 $5,308,078,891 $5,054,817,378 Number of Vehicles Returned to TMCC (3) 841 2,484 6,258 4,923 7,131 24,598 95,702 Number of Vehicles Going to Full Term (4) 10,270 44,572 118,433 104,526 143,402 168,144 192,436 Vehicles Returned to TMCC Ratio 3.0% 3.0% 2.7% 2.4% 2.6% 7.8% 31.4% Total Gain/(Loss) on ALG Residuals on Vehicles Returned to TMCC (5) $2,180,176 $8,640,986 $20,765,349 $15,025,173 $20,863,304 $65,086,943 $120,706,219 Average Gain/(Loss) on ALG Residuals on Vehicles Returned to TMCC (5) $2,592 $3,479 $3,318 $3,052 $2,926 $2,646 $1,261 Total ALG Residuals on Vehicles Returned to TMCC $24,382,520 $54,571,465 $139,598,177 $91,676,246 $124,242,660 $417,997,138 $1,550,040,137 Total Gain/(Loss) on ALG Residuals on Vehicles Returned to TMCC as a Percentage of ALG Residuals of Returned Vehicles sold by TMCC 8.9% 15.8% 14.9% 16.4% 16.8% 15.6% 7.8% Total Gain/(Loss) on ALG Residuals on Vehicles Returned to TMCC as a Percentage of ALG Residuals of Vehicles Scheduled to Terminate 0.4% 0.5% 0.4% 0.4% 0.4% 1.2% 2.4% Average Contract Residual Value as a Percentage of Adjusted MSRP (6) 66.4% 66.5% 65.8% 63.4% 61.8% 58.5% 60.2% Average ALG Residual as a Percentage of Adjusted MSRP (6) 59.3% 58.9% 58.5% 56.2% 55.6% 53.4% 53.8% Percentage Difference 7.1% 7.5% 7.3% 7.2% 6.2% 5.1% 6.5% Toyota For the Calendar YTD For the Calendar Years Ended March 31, December 31,

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TOYOTA FINANCIAL SERVICES 46 TMCC Managed Lease Portfolio Residual Loss Experience – By Make (1)(2) (1) The residual value loss data reported in this table includes all lease contracts purchased by TMCC or the Titling Trust w ith FICO® scores of at least 620 and original terms between 24 and 48 months, excluding full Battery Electric and Hydrogen Fuel C el l Vehicles. The residual value loss data reported in this table also includes lease contracts that have been sold but are st ill being serviced by TMCC. (2) For purposes of this table, the "ALG Residual" for each leased vehicle is equal to the related residual value estimate pr odu ced by Automotive Lease Guide at the time of origination of the related lease with average condition and standard mileage (15 ,00 0 miles/year) or, if such estimate is unavailable, the related Contract Residual Value. (3) Excludes repossessions, charge - offs, and vehicles in inventory, but includes early terminations (4) Includes all vehicles terminating at scheduled maturity, terminating past scheduled maturity and terminating within 30 da ys prior to scheduled maturity. (5) Residual gain/(loss) is net of remarketing expenses, and excess wear and tear and excess mileage collections. (6) Adjusted MSRP includes value added vehicle adjustments. Source : Company Reports 2025 2024 2024 2023 2022 2021 2020 Total Number of Vehicles Scheduled to Terminate 17,400 30,911 111,826 144,549 159,351 141,593 142,290 Total ALG Residuals on Vehicles Scheduled to Terminate $430,501,635 $795,159,525 $2,736,697,870 $3,519,302,585 $3,839,670,603 $3,400,554,672 $3,427,096,320 Number of Vehicles Returned to TMCC (3) 396 714 2,486 2,638 2,750 24,295 77,970 Number of Vehicles Going to Full Term (4) 5,454 16,733 53,661 73,682 80,962 70,312 80,793 Vehicles Returned to TMCC Ratio 2.3% 2.3% 2.2% 1.8% 1.7% 17.2% 54.8% Total Gain/(Loss) on ALG Residuals on Vehicles Returned to TMCC (5) $2,480,385 $3,071,771 $12,550,148 $9,945,937 $11,243,714 $110,510,332 $169,363,733 Average Gain/(Loss) on ALG Residuals on Vehicles Returned to TMCC (5) $6,264 $4,302 $5,048 $3,770 $4,089 $4,549 $2,172 Total ALG Residuals on Vehicles Returned to TMCC $10,212,818 $18,519,935 $62,794,792 $64,181,180 $65,735,190 $579,452,262 $1,874,853,641 Total Gain/(Loss) on ALG Residuals on Vehicles Returned to TMCC as a Percentage of ALG Residuals of Returned Vehicles sold by TMCC 24.3% 16.6% 20.0% 15.5% 17.1% 19.1% 9.0% Total Gain/(Loss) on ALG Residuals on Vehicles Returned to TMCC as a Percentage of ALG Residuals of Vehicles Scheduled to Terminate 0.6% 0.4% 0.5% 0.3% 0.3% 3.2% 4.9% Average Contract Residual Value as a Percentage of Adjusted MSRP (6) 56.8% 54.9% 54.6% 53.5% 52.7% 53.0% 56.2% Average ALG Residual as a Percentage of Adjusted MSRP (6) 49.1% 50.5% 49.6% 48.2% 47.3% 46.9% 47.9% Percentage Difference 7.7% 4.4% 5.0% 5.3% 5.4% 6.0% 8.3% Lexus For the Calendar YTD For the Calendar Years Ended March 31, December 31,

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TOYOTA FINANCIAL SERVICES 47 (1) Percentages may not add to 100.00% due to rounding Source : Company Reports ABS – TLOT Collateral History Original Summary Characteristics by Prior Securitization: TLOT 2021-A TLOT 2021-B TLOT 2022-A TLOT 2023-A TLOT 2023-B TLOT 2024-A TLOT 2024-B TLOT 2025-A Number of Specified Leases 51,807 52,975 42,773 47,881 37,154 44,088 47,787 49,982 Aggregate Securitization Value $1,492,537,313.75 $1,552,238,806.88 $1,301,865,323.91 $1,432,914,189.44 $1,194,054,920.63 $1,432,844,945.60 $1,671,641,801.36 $1,791,047,839.70 Total of Base Residual Values $1,006,870,109.91 $1,074,733,012.67 $893,980,936.98 $1,039,869,534.36 $853,944,137.03 $974,673,550.99 $1,128,283,868.71 $1,217,492,164.75 Base Residual as a Percentage of Aggregate Securitization Value 67.5% 69.2% 68.7% 72.6% 71.5% 68.0% 67.5% 68.0% Average Securitization Value $28,809.57 $29,301.35 $30,436.61 $29,926.57 $32,137.99 $32,499.66 $34,981.10 $35,833.86 Average Base Residual Value $19,435.02 $20,287.55 $20,900.59 $21,717.79 $22,983.91 $22,107.46 $23,610.69 $24,358.61 Original Number of Monthly Payments 38 38 38 37 38 37 37 36 Remaining Number of Monthly Payments 28 27 28 27 28 26 27 27 Weighted Average FICO 773 772 772 772 771 771 773 772 Minimum FICO 620 620 620 620 620 620 620 620 Maximum FICO 900 900 900 900 900 900 900 900 Geographic Distribution of Receivables representing the 5 states with the greatest aggregate securitization value: State 1 CA – 19.3% CA – 19.8% CA – 20.0% CA – 19.4% CA – 18.8% CA – 18.6% CA – 19.9% CA – 20.56% State 2 NY – 11.7% NY – 11.9% NY – 11.3% NY – 13.6% NY – 11.8% TX – 13.4% TX – 13.6% TX – 13.37% State 3 FL – 8.8% FL – 9.1% FL – 10.6% TX – 9.0% TX – 10.5% NY – 11.3% NY – 10.6% NY – 10.45% State 4 NJ – 8.1% NJ – 7.9% TX – 7.8% FL – 8.3% FL – 9.9% FL – 7.5% FL – 8.6% FL – 7.93% State 5 TX – 7.9% TX – 7.4% NJ – 7.6% NJ – 8.1% NJ – 7.3% NJ – 7.1% NJ – 6.6% NJ – 6.21% Distribution of Receivables by Vehicle Type: (1) Passenger Cars 31.1% 29.5% 29.5% 25.4% 21.6% 26.5% 23.9% 22.4% Light Duty Trucks 4.8% 6.3% 6.1% 10.2% 14.9% 11.5% 11.7% 13.2% SUVs 8.5% 9.1% 7.5% 8.8% 8.3% 9.6% 12.7% 11.7% CUVs 55.6% 55.0% 57.0% 55.6% 55.3% 52.3% 51.7% 52.7% Total 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% Distribution of Receivables by Make: (1) Toyota 49.6% 51.0% 47.9% 60.0% 55.4% 60.4% 55.8% 59.4% Lexus 50.4% 49.0% 52.1% 40.0% 44.6% 39.6% 44.3% 40.6% Total 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

## Exhibit 99.2

**Exhibit 99.2**

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Toyota Business Highlights FY2025 TOYOTA MOTOR NORTH AMERICA, INC. (Toyota U.S.) MONTHLY RESULTS • The U . S . automobile SAAR figure for March 2025 came in at 17 . 8 M units, up from March 2024 at 15 . 5 M units . • Toyota U . S . reported March 2025 sales of 231 , 335 units, an increase of 11 . 8 % on a daily selling rate (DSR) basis and 7 . 7 % on a volume basis versus March 2024 . • Toyota division posted March 2025 sales of 196 , 240 units, an increase of 10 . 7 % on a DSR basis and 6 . 6 % on a volume basis versus March 2024 . • Lexus division posted March 2025 sales of 35 , 095 units, an increase of 18 . 4 % on a DSR basis and 14 . 1 % on a volume basis versus March 2024 . Source: Toyota, Bloomberg, Ward's Automotive Group Toyota U.S. monthly results include fleet sales volume TOYOTA MOTOR CORPORATION (TMC) FINANCIAL RESULTS ‡ "Other" consists of Central and South America, Oceania, Africa, Middle East and Other. Source: TMC company filings. \*Bar chart represents vehicles sales as % of Top 5 Models sales 196,240 35,095 Toyota Division Lexus Division Toyota U.S. March 2025 Vehicle Sales Mar-25 Mar-24 Mar-25 Mar-24 RAV4 41,509 45,340 Camry 29,661 30,323 Tacoma 23,949 8,310 Corolla 21,495 22,328 Tundra 14,405 15,337 Toyota U.S. March Vehicles Sales Toyota Division Top 5 Models\* Mar-25 Mar-24 Mar-25 Mar-24 RX 10,452 10,599 NX 7,077 6,724 TX 4,584 3,649 ES 4,020 3,799 GX 3,922 583 Toyota U.S. March Vehicles Sales Lexus Division Top 5 Models\* Production (units) FY25 FY24 Japan 4,000 4,042 North America 1,958 1,976 Europe 811 846 Asia 1,790 1,876 Other‡ 490 523 Sales (units) FY25 FY24 Japan 1,991 1,993 North America 2,703 2,816 Europe 1,172 1,192 Asia 1,838 1,804 Other‡ 1,658 1,638 Units in thousands 0 50 100 150 200 250 300 6 8 10 12 14 16 18 20 Mar-19 Jun-19 Sep-19 Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Toyota U.S. Light Vehicle Sales (units in thousands) Seasonally Adjusted Annual Rate (units in millions) U.S. Light Vehicle Seasonally Adjusted Annual Rate (SAAR) and Toyota U.S. Sales March 2019 - March 2025 SAAR Toyota U.S. Sales TMC Consolidated Financial Performance FY25 FY24 Sales Revenues ¥48,036,704 ¥45,095,325 Operating income 4,795,586 5,352,934 Net income 4,789,755 5,071,421 TMC Consolidated Balance Sheet FY25 FY24 Current assets ¥37,078,676 ¥34,714,279 Receivables related to financial services, non-current 22,171,786 20,637,090 Investments and other assets 19,017,195 20,505,139 Property, plant and equipment, net 15,333,693 14,257,788 Total assets ¥93,601,350 ¥90,114,296 Liabilities ¥56,722,437 ¥54,874,958 Shareholders' equity 36,878,913 35,239,338 Total liabilities and shareholders' equity ¥93,601,350 ¥90,114,296 Yen in billions Operating Income by Geographic Region FY25 FY24 Japan ¥3,151 ¥3,484 North America 109 506 Europe 416 388 Asia 897 866 Other‡ 253 198 Elimination (29) (90) Yen in millions

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TOYOTA MOTOR CREDIT CORPORATION (TMCC) FINANCIAL RESULTS • Our consolidated net income was $1.7 billion in fiscal 2025, compared to $1.5 billion in fiscal 2024. The increase in net income for fiscal 2025 compared to fiscal 2024 was primarily due to a $1.1 billion increase in total financing revenues, a $111 million increase in investment and other income, net, a $93 million decrease in operating and administrative expense, a $90 million increase in voluntary protection contract revenues and insurance earned premiums, and a $71 million decrease in provision for credit losses, partially offset by a $1.1 billion increase in interest expense, and an $80 million increase in provision for income taxes. • We recorded a provision for credit losses of $768 million for fiscal 2025, compared to $839 million for fiscal 2024. The decrease in provision for credit losses for fiscal 2025 compared to the same period in fiscal 2024 was due to slower growth of our retail loan and dealer portfolios as well as improvements in delinquencies, partially offset by an increase in net charge - offs. • Net charge - offs as a percentage of average finance receivables increased to 0.72 percent at March 31, 2025 from 0.69 percent at March 31, 2024 and default frequency as a percentage of outstanding finance receivables contracts increased to 1.59 percent for fiscal 2025 compared to 1.25 percent for fiscal 2024. The increases in net charge - offs and default frequency were due to an increase in higher average amounts financed and economic conditions, including consumer price increases and higher interest rates which have negatively impacted some consumers' ability to make scheduled payments. Our average finance receivables loss severity per unit for fiscal 2025 decreased to $13,989 from $14,113 in fiscal 2024. The decrease in loss severity per unit is primarily due to a decrease in full balance charge - offs, partially offset by higher average amounts financed. 1 TMCC market share represents the percentage of total domestic Toyota U.S. sales of new Toyota and Lexus vehicles financed by us, excluding sales under dealer rental car and commercial fleet programs, sales of a private Toyota distributors and private label vehicles financed. SHORT - TERM FUNDING PROGRAMS • TMCC ‡ , Toyota Credit de Puerto Rico Corp . (TCPR), Toyota Credit Canada Inc . (TCCI)†, Toyota Finance Australia Limited (TFA)† and Toyota Motor Finance (Netherlands) B . V . (TMFNL)† maintain direct relationships with institutional commercial paper investors through TMCC's Sales & Trading team , providing each access to a variety of domestic and global markets through five, distinct 3 (a)(3) programs . • Short - term funding needs are met through the issuance of commercial paper in the U . S . Commercial paper outstanding under our commercial paper programs ranged from approximately $17 . 2 billion to $18 . 0 billion during fiscal 2025 , with an average outstanding balance of $17 . 6 billion . † TCCI, TFA, and TMFNL are subsidiaries of Toyota Financial Services Corporation (TFSC), a wholly - owned subsidiary of Toyota Motor Corporation (TMC). TMCC is a wholly - owned subsidiary of Toyota Financial Service International Corporation (TFSIC), a wholly - own ed subsidiary of TFSC. ‡ TMCC consolidated financial liabilities include TMCC and its consolidated subsidiaries, which includes TCPR. LET'S GO PLACES On April 28, 2025, Toyota reaffirmed its commitment to a Hydrogen Society at the 2025 Advanced Clean Transportation Expo, intro ducing hydrogen - related plans, investments and debuting new fuel cell technologies and products. Toyota also debuted its next - generatio n fuel cell technology in North America, the Toyota Gen 3 FC system. The Sales and Trading team engages in direct dialogue with institutional investors delivering a variety of fixed income products to meet our clients' investment objectives and risk tolerances . We focus on providing simple, personal, and proactive service in the execution of all trades . Vincent Rotariu \| Funding & Liquidity Analyst (469) 486 - 6159 vincent.rotariu@toyota.com Bob Barish \| Funding & Liquidity Analyst (469) 486 - 5598 bob.barish@toyota.com Jeffrey DeSilva \| Region Manager (469) 486 - 6759 jeffrey.desilva@toyota.com Sales and Trading Contacts Justin Lee \| Funding & Liquidity Analyst (469) 486 - 6187 justin.lee1@toyota.com Jason Kelley \| Region Manager (469) 486 - 5301 jason.kelley@toyota.com Nicholas Ro, CFA \| National Manager (469) 786 - 8961 nicholas.ro@toyota.com Forward looking statements are subject to risks and uncertainties that could cause actual results to fall short of current ex pec tations. Toyota and its affiliates discuss these risks and uncertainties in filings they make with the Securities and Exchan ge Commission. This presentation does not constitute an offer to purchase any securities. Any offer or sale of securities will be made only by means of a prospectus a nd related documentation . TMCC Financial Performance FY24 FY25 Total financing revenues $12,144 $13,232 Income before income taxes 1,902 2,234 Net Income 1,460 1,712 Debt-to-Equity Ratio 7.2x 7.4x U.S. dollars in millions 54.4% 54.5% FY24 FY25 TMCC - Market Share 1 392 59 222 460 64 286 0 200 400 600 New Retail Contracts Used Retail Contracts Lease Contracts Units In Thousands TMCC - Toyota U.S. Contracts Subvened FY24 FY25 840 390 343 788 304 434 0 200 400 600 800 1000 New Retail Contracts Used Retail Contracts Lease Contracts Units in Thousands TMCC - Vehicle Financing Volume FY24 FY25 0.54% 0.69% 0.72% 0.00% 0.25% 0.50% 0.75% FY23 FY24 FY25 Net Charge - offs as a Percentage of Average Finance Receivables 17.5 17.5 71.1 73.0 34.4 37.8 $0 $20 $40 $60 $80 $100 $120 $140 FY24 FY25 Amount ($billions) TMCC Consolidated Financial Liabilities Outstanding (Face Value) Secured notes & loans payable Unsecured notes & loans payable Commercial Paper