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FINANCIALSUMMARY

FY2010
(Apri11,2009throughMarch31,2010)

EnglishtranslatjonfromtheonglnalJapanese−Ianguagedocument

TOYOTA MOTOR CORPORATlON


CautionaryStatement

Consolidated financialinformationin this reportis preparedin accordance with accounting prlnCIPles


genera”yacceptedinthe United StatesofAmerica.Certain pr10ryearamOuntS have been reclassi
COnformtothepresentationsfortheyearendedMarch31,2010.
FY2010Con$Olidated FinancialRe$ult$

(Consolidatedfinancialinformationhasbeenpreparedinaccordancewithaccountingpr]nCiplesgenera”yacceptedintheUnitedStatesofAmerica) ”EN臼
EngLishtranslationfromtheongInalJapanese−Ianguagedocument

Mayll,2010
Companyname :ToyotaHobrCorpora朋On
StockexchangesonwhichthesharesareListed :Tokyo,Osaka,Nagoya,SapporoandFukuokaStockExchangesinJapan
Code number :7203
URL :httD://www,tOVOta.CO,iD
Representative :AkioToyoda,President
Contactperson :NaokiKojima,GeneraIManager,AccountingDIVision
Tel.(0565)28−2121
Dateoftheordinarygeneralshareholders’meeting :山ne24,2010
Paymentdateofcashdividends :June25,2010
Filingdateoffinancialstatements :June25,2010

(Amounts are rounded to the nearest mi”ion yen for consolidated resu他)
1・ConsolidatedResultsforFY2010(Apri11,2009throughlVlarch31,2010)
(1)ConsoIidatedfinancialresuJts (%ofchangefrompreviousyear)
lncomebeforeincometaxes
Netincomeattributableto
Netrevenues Operatingincome andequityineamingsof
Toyota Motor Corporation
afRliatedcompanies
Millionyen % Million yen % Mi川0nyen % Mi”ionyen %
FY2010 18,950,973 −7.7 147,516 2gl,468 209,456
FY2009 20,529,570 −21.9 ■61,011 −560,381 ■36,937

Ratioofincomebefore
Netincomeattributable tolt)yOtaMotor Netincomeattributable tolbyotaMotor Ratioofnetincom
incometaxesand
MotorCorporationto equityineamingsof Ratio of operating income
to net revenues
lbyotaMotorCorT)Oration
$hareholde怜’equitY tototalassets
Y岳∩ Yen % % %
FY2010 66.79 66.79 2.1 1.0 0.8
FY2009 −139.13 −139.13 −4.0 −1.8 −2.2
Reference:Equityineamingsofafflliatedcompanies:FY2010 45,408mi”ionyen,FY2009 42,724mi”ionyen
(Note)“NetincomeattributabletoToyotaMotorCorporation”isequivalentto“Netincome”uptoFY2009

(2)ConsoIidatedfinancjalposition
Ratio of lbyotaMotorCorporation
lbyotaMotorCorporation
lbtala$SetS SharehoIders’equity lbyotaMotorCorporation
Shareholders’equity
SharehoIders’equity Pe「Sha「e

Millionyen Millionyen Millionyen % Y岳∩


FY2010 30,349,287 10,930,443 10,359,723 34.1 3,303.49
FY2009 29,062,037 10,600,737 10,061,207 34.6 3,208.41

2.Ca§hdividonds
Cashdividendspershare
「bblamountof
End of End of End of cash dividends ratio Of
罰椅t SeCOnd third Ⅵ≧ar−end Annual Moto「Co「PO「
(annual)
qua止er qua「ter qua止e「 (∝InSOlidated)

\侮∩ 俺∩ \ね∩ Y岳∩ Y岳∩ MilltonY岳∩ % %


FY2009 65.00 35.00 100.00 313,551 2.9
FY2010 20.00 25.00 45.00 141 ,120 67.4 1.4
FY2011(forecast) 十 磯済 銅

3・Foroca$tOfco帖01idabdresulbforF▼2011(Apri11,2010throu!lhHa化h31,2011)
(%ofchangefromFY2010FirstHalforFY2010)
NetincomeattributabIe
lncomebeforeincometaxes
to Toyota Motor
Net「evenues Operatingincome
andequityineamingsof afRliatedcomanies
p
encomearuaeo lb
−Basic
Millionyen % M皿0nyen % Millionyen % Mi=0nyen % Y岳∩

FY2011FirstHalf
(fo「thesixmon仙$
endi咽Se印embe「 9,400,000 12.2 100,000 130,000 150,000 47.83
30,2010)

FY2011 19,200,000 1.3 280,000 8g.8 330,000 13.2 310,000 48.0 98.85
4.Others
(1)ChangesiワSigniRcantsubsidiahesdu血gFY2010
(ChangeslnSPeCifiedsubsidiarleSthatcausedachangeinthescopeofconsolidation):yeS
New: None ExcJuded:1company(Companyname:XTMCALtd.)
Note:Formoredetails,Pleaseseepage7“2.0verviewofAssociatedCompanies”.

(2)Changesinaccountingprinciples,PrOCedures・anddisc10SUreSduringFY2010
(i)ChangesbyanewlylSSuedaccountingpronouncement:yeS
(ii)Changesotherthan(2)−(i)above:nOne
Note:Formoredetails,Pleaseseepage16“(6)Summaryofsignificantaccountingpolicies”.

(3)Numberofsharesissソedandoutstanding(COmmOnStOCk)
(i)NumberofsharesISSUedandoutstandingattheendofeachfiscalyear(incIudingtreasurystock):FY2010 3,447,997,492shares,
FY2009 3,447,997,492shares
(ii)Numberoftreasurystockattheendofeachfiscalyear:FY2010 312,002,149shares,
FY2009 312,115,017shares
(iii)Averagenumberofsharesissuedandoutstandjn9ineach而scaryear:FY2010 3,135,986.228shares,
FY2009 3,14O,417,338shares

ReIerenco:Ovonバewo†thoUncon$01idさtOd FinさnCialRo§ulb

FY2010UnconsoIidated FinancialResults

(UnconsolidatednnanclaIinformationhasbeenprepa「edin??00rdancewitha∝Ountingprinc.p(esgene「a”yacceptedinJapan)
EnglishtranslationfromtheongLnaIJapanese−1anguagedocument

(Amountslessthanonemi”ionyenareomittedforunconsolidatedresuIts)
1. Uncon$OlidatedresLJltsforFY2010(Apri11,2009throughNarch31,2010)

Netincomepershare Net income per share


−Basic ーDiluted
俺∩ Yen
FY2010 8.35 8.35
FY2009 18.04 18.04

Reference:EquityattheendofFY2010:6.628,542mi”ionyen,EquityattheendofFY2009:6,644,861millionyen

2. Forecastofunco帽01ida也dro$ul伝ゎrFr2011(Apri11,2010throughMさrCh31,2011)
(%ofchanqefromFY2010FirstHarforFY2010)
Netincomepershare
Netrevenues Ope「atingin∝〉me O「dinaけlnCOme Netinc8me
ーBasic
Mi”ionyen % Million yen % M川ionyen % Mt=0nyen % Y岳n

FY2011FirstHalf
(fo「thesixmo鵬hs
OndingSo印Ombor
30.2010)
FY2011 8,600,000 0.0 −340,000 30,000 60,000 129.1 19.13

CautionaryStatenentwithRespecttoForward−L00kingStatements

TTlisreportcontainsforward−100kingstatementsthatreflectlbyota’sforecastsforconsolidatedandunconsoIidatedresurts.Theseforward−100kingstatements
are not guarantees offuture pe什ormance andinvoIve known and unknown risks,unCerlainties and otherfactors that may causelbyota’s actualresults,
PerforTTlanCe,aChievementsorfinancialpositiontobemateriallydi斤erentfromanyfutureresults.performance.achievementsorlhanclalpositionexpressedor
impliedbytheseforward−Iookingstatements・ThesefactorsincIude:(i)changesineconomjcconditionsandmarketdemanda馳ctingT

rates,ParticularlywjthrespecttothevalueoftheJapaneseyen,theU.S.dollar,theEuro,theAustraliando”ar,theCanadiando”arandtheBnishpound;(iii)
Changesinfundingenvironmentinfinancialmartets;(iv)Toyota’sabilitytoreaIizeproductionefficjencjesandtoimplementcapitalexpendituresatthelevelsand
times planned by management;(V)changesin thelaws,regulations and govemment policiesin the marketsin whichlt)yOta OPerateS that a鴨Ctlbyota’s
autOmOtiveoperations・ParticulaHylawヲ・regUlationsandgovemmentpoliciesrelatingtovehiclesafetyincIudingremedialmeasヮressuchasreca”s・trade・
environmentalprotection,VehicJeemiss10nSandvehiclefueleconomy,aSWe”aschangesinlaws.regulationsandgovemmentpolicleSthata侮ctToyot
OPerations,includingtheoutcomeofcurrentandfuturelitigationandotherlegalproceedings,gOVemmentPrOCeedingsandinvestigations;(Vi)politiGalinstabilit
inthemarketsinwhichlbyotaoperates;(Vii)lbyota−sabilitytotimelydeveIopandachievemarketacceptanceofnewproductsthatmeetcustomerdemand;(Viii)
anydamagetolt>yOta’sbrandimage;and(ix)fuelshortagesorintenJPtionsintransportatioワSyStemS,Iaborsthkes・WOrkstoppagesorotherinterruptionsto,Or
difficuItiesin,theempIoymentofJaborinthe majormarketswherelbyotapurchasesmatenals,COmPOnentSandsuppliesfortheproduction ofitsprodu
Whereitsproductsareproduced,distributedorsoId.
Adiscussion ofthese and otherfactorswhich mayafFectlt)yOtaTsactuaIresults,Performance,aChievementsorfinancialpositioniscontainedinToyota’s
annualrepo止OnForm20・Fwhichison刑ewiththeUnitedStatesSecuhtiesandE3(ChangeCommission.
Consolidated面1anCjaIinforTnationin this reportis preparedin accordancewith accounting principles genera”yacceptedin the United States ofAmerica.
CertainpnoryearamountshavebeenreclassifiedtoconformtothepresentationsfortheyearendedMarch31,2010,
2
TOYOTAMOTORCORPOR八丁10N FY2010FinancialSummary
(Consolidatedfinancialinformationhasbeenpreparedinaccordancewithaccountingprinciplesgenera”yacceptedintheUnitedStatesofAmerica)

Segment Operating Results


(i)Automotive:
Net revenuesforthe automotive operations decreased byl,367.3billion yen,Or7.4%,t
17,197.4bi”ion yenin FY2010compared with FY2009.However,OPerating ross decreased by
308.5bi”ionyento86.3billionyeninFY2010comparedwithFY2009.Thedecreaseinoper
10SSWaS mainlydueto cost reductione仇〉rtSand reductionin fixed costs,despitedecreasesin
bothproductionvolumeandvehicleunitsales,andtheeffectsofchangesinexchangerates.

(ii)Financialservices:
Netrevenuesforthefinancialservicesoperationsdecreasedby132.1bi”ionyen,Or9.6%,tO
l,245.4billion yenin FY2010comparedwith FY2009.However,OPeratingInCOmeincreased
318.9bi”ionyento246.9bi”ionyeninFY2010comparedwithFY2009.Thejncreaseinoperating
income was mainly due to decreasesin the provision for credit10SSeS,net Charge−0仔s and
a”owance forresidualvalue10SSeS and the recording ofvaluation galnS Oninterest rate swaps
Statedatfairvaluebysalesfinancesubsidiaries.
(iii)Al10ther:
Net revenuesfora”otherbusinesses decreased by237.3bi”ion yen,Or20.0%,tO947.6
bi”ionyeninFY2010comparedwithFY2009,andoperatinglnCOmedecreasedby18.8bi”ionyen,
toanoperatinglossof8.9billionyeninFY2010comparedwithFY2009.

Geographiclnformation

(i)」apan:

Net revenuesinJapan decreased by966.4bi”ion yen,Or7.9%,tOll,220.3billion yenin


FY2010comparedwith FY2009.However,OPerating10SSdecreased by12,3bi”ionyento225.2
bi”ionyeninFY2010comparedwithFY2009.Thedecreaseinoperating10SSWaSmainlydueto
COStreductioneffortsandreductioninfixedcosts,despitetheeffectsofchangesinexchangerates
anddecreasesinbothproductionvolumeandvehicleexpo止S.

(ii)NorthAmerica:
Netrevenuesin NorthAmericadecreased by552.4bi”ion yen,Or8,9%,tO5,670.5b
yeninFY2010comparedwithFY2009.However,OPeratinglnCOmeincreasedby475.6bi”ionyen
to85.4billion yenin FY2010compared with FY2009.Theincreasein operatinglnCOme WaS
mainJy due to decreasesin the provision for credit10SSeS,net Charge−0斤s and a”owance for
residuaJvalueJosses andthe recording ofvaluation galnS Oninterest rate swaps stated atfair
VaIuebysaJesfinancesubsidiaries,reductioninfixedcosts,andcostreductionefForts.

(iii)Europe:
Netrevenuesin Europedecreased by866.1bi”ionyen,Or28.7%,tO2,147.Obi”ion
FY2010comparedwith FY2009.However,OPerating10SSdecreased byllO.3bi”ionyento33.O
bi”ionyeninFY2010comparedwithFY2009.Thedecreaseinoperating10SSWaSmainlydueto
reductioninfixed costsand costreduction e斤orts,despitedecreasesin both production vo[ume
andvehicIeunitsales.

(iv)Asia:

NetrevenuesinAsiadecreasedby64.Obillionyen,Or2.4%,tO2,655.4billionyeninF
COmParedwith FY2009,However,OPeratinglnCOmeincreased by27.5bi”ion yen,Or15.6%
203.6billion yenin FY2010compared with FY2009.Theincreasein operatinglnCOme
mainIyduetoincreasesinbothproductionvolumeandvehicleunitsales,

(V)Other(CentralandSouthAmeri?a・OceaniaandAfrica):
Net revenuesin otherreg10nSdecreased by209,1bi”ion yen,Orll.1%,tOl,673.8bi”io
yeninFY2010comparedwithFY2009.However,OPeratinglnCOmeincreasedby27.9bi”ionyen,
Or31.9%,tOl15.5billionyeninFY2010comparedwithFY2009.

4
TOY011MOTORCORPORATION FY2010FinancialSummary
(ConsolidatedfinanciaIinformationhasbeenpreparedjnaccordancewithaccountingprinciplesgenerallyacceptedjntheUnitedStatesofAmerica)

(2)ConsolidatedFinancialPositionforFY2010

Cashf10WSfrom operatingactivitiesresultedinanincreaseincash by2,558.5bi”ionye


FY2010.Net cash provided by operating activitiesincreased byl,081.6billion yen froml,476.
bi”ionyeninFY2009.Cashf10WSfrominvestingactivitiesresultedinadecreaseincashby2,850.
bi”ion yenin FY2010.Netcash used jninvesting activitiesdecreased byl,619.9billion yenfrom
l,230.2bi”ionyeninFY2009.Cashf10WSfromfinancIngaCtivitiesresultedinadecreaseincash
277.9bi”ionyeninFY2010.NetcashprovidedbyfinanclngaCtivitiesdecreasedby976.7billion
from698.8bi”ionyeninFY2009.Aftertakingintoaccountthee什ectofchangesinexchangerates,
CaShandcashequlValentsdecreasedby578.5bi”ionyen,Or23.7%,tOl,865.7biIlion
OfFY2010comparedwiththeendofFY2009,
Regarding the consolidated cash fIows by segment for FY2010,in non−financialservices
business,netCaShprovidedbyoperatingactivitieswasl,842.2billionyen.netcashusedininv
activities was2,139.O bi”ion yen and net cash usedin financlng aCtivities was16.6bi”ion yen.
Meanwhile,in thefinancialservices busjness.netcash provided byoperating activitieswas814.8
bi”ionyen,netCaShusedinjnvestingactivitieswas626.6bi”ionyenandnetcashusedinfinancl
activitieswas444.3billionyen.

(3)BasicPolicyontheDistributionofProfitsandtheDistributionofProfitsforFY2010
1byotaMotorCorporation(‘‘TMC”)deemsthebenefitofitsshareholdersasoneofitspriority
management policies,anditis working toimprove corporate structure towards the realization of
SuStainablegrowthinordertoenhanceitscorporatevalue.
TMCwi”strivetocontinuetopaydividendswhileglVlngdueconsiderationtofactorss
businessresultsforeachterm,investmentplansanditscashreserves.
ln order to survive stiff competition,TMC plans to utilizeitsinternalfunds for the early
COmmerCialization oftechno10gleSfo「the next−generation environmentand safety,glVlng Pr10rit
CuStOmerSafetyandsenseofsecurity.
Consideringthesefactors,WithrespecttothedividendsforFY2010,TMCplanstopro
year−enddividendof25yenpershare,andanannualdividendof45yenpershare.combinedwi
theinterimdividendof20yenpershare.
TMC pays dividendstwice a year−aninterim dividend and a year−end dividend−.andin
Orderto secure an opportunityto directlyseekshareholders’opinions,TMCwi”treat payme
year−enddividendsasama恍ertoberesoIvedatthelO6thOrdinaryGenera[Shareholders’Meeting
even though TMC’s articles ofincorporation stipulate that retained earnlngS Can be distributed as
dividendspursuanttotheresolutionoftheboardofdirectors.
ln FY2010.TMCdid notrepurchaseitsownshares,eXCIudingsharesconstitutinglessthan
OneunitthatwerepurchasedbyTMCuponrequest.
Goingforward,inviewoftheunce「tainconditionoftheg10balfinancia.markets,TMCwil
repurchaseitsownsharesforthetimebeingtoprioritizesecunngitscashreserves,
TOY011MOTORCORPORATlON FY2010FinancialSummary
(ConsolidatedfinanciaIinformationhasbeenpreparedinaccordancewithaccountingprinciplesgeneraJlyacceptedintheUnitedStatesofAmerica)

(4)ForecastofConsolidatedFinancialResuItsforFY2011

As for our future business environment,the economyln Asiais expected to recover,


Particularlyin China,and the economyln developed markets are expected to gradua”y pick up,
However,COnCernSforeconomicdownturn,SuChascreditcrunchesinfinancialmarkets,decreasl
emp10yment rateS andincreaslng raW materialprices,WillstiIIremain.TheJapanese econom
expected to continue to recover backed by recoverJng eCOnOmjes overseas and the e斤ects of
emergency economic measures・However,COnCernS remain owlng tO the possibility of econ
downturn overseas and defIationaryeffectsin addition to diqicultemp10ymentSituations.Whilethe
automotivemarketisexpectedtoexpandoverthemedium−tO10ng−termPa止icularlylnreSOurCe−rich
COuntriesandemerglngCOUntries,COmPetitionintheautomotivemarketisintenseg10ba”y,aSSh
in the fierce competition with respect to compact cars andIow−Price cars,and the accelerationin
deveIopment oftechno10gleS andintroduction of new products while environmentaIawarenessis
growlngthroughouttheworld.
Underthesecircumstances,thecurrentforecastofconsolidatedfinancialresultsforthe next
fiscalyearendingMarch31,2011issetforthbeIow.Thisforecastassumesaverageexchange
throughthefiscalyearof90yenperUS$1and125yenperlEuro.

Forecastofconsolidated resurtsforFY2011

Net revenues 19,200・Obillionyen(an


Operating income .

lncome before income taxes


andequityinearnlngSOf 330.Obi”ionyen(anincreaseof13,2%comparedwithFY2010)
affiliated companies
Netincomeattributableto
310.Obillionyen(anincreaseof48.0%comparedwithFY2010)
ToyotaMotorCorporation

These forward−Iooking statements are not guarantees of future performance andinvoIve


known and unknown risks,unCertainties and otherfactors that may causelbyota’s actuaJresults,
Performance,aChievements orfinancialposition to be materia”y different from any future resul
Performance,aChievements or financialposition expressed orimplied by these forward−100king
StatementS.
When uslng the forecastoffinancialresults,Please refertothe Cautionary Statementwith
RespecttoForward−LookingStatementsonpage2.

6
TOY01AMOTORCORPORATION FY2010FinancialSummary
(ConsolidatedfinanciaIinformationhasbeenpreparedinaccordancewithaccountingprincipIesgeneralIyacceptedintheUnitedStatesofAmerica)

2.OverviewofAssociatedCompanies

“Overview ofAssociated Companies”has been omitted,aS there were no sIgnificant changes


fromthe“OrganizationaIStructure(DescriptionofBusiness)”orthe“OverviewofAssociatedCompanies
inthemostrecentSecuritiesReportissuedinJapan(filedonJune24,2009).
XTMCALtd.,Whichwasaspecifiedsubsidiary,hasbeenliquidatedonOctober13,2009.
TOYOTAMOTORCORPOR〝「ION FY2010FinancialSummary
(ConsoIidatedfinancialinformationhasbeenpreparedinaccordancewithaccountingprinciplesgenerallyacceptedintheUnitedStatesofAmerica)

3.ManagementP01icy
(1)Tbyota’sBasicManagementPolicy

“Management PoIicy”has been omitted,aS there were no significant changes from the
mauersdiscIosedinthe“Financia[Summary”forthefiscalyearendedMarch31,2007(releasedo
May9,2007).
Theaforementionedinformationisavailableonthefo”owlngWebsites.
1byotaWebsite:
httD://WWW.tOVOta.CO.iD
TbkyoStockExchangeGroup,lnc.Website(listedcompanysearchpage):
httD://冊〟.tSe.Or.iD/listinq/COmDSearCMndex.html(Japaneseonly)

(2)Medium−andLong−termManagementStrategy

Theautomotive marketisexpectedto undergoslgnificantchangesin thefuture.Thelbyota


Groupasawholewi”makeanevengreatere斤orttoaddressthefo”owlng,lnOrdertorespondt
ChanglngenVironmentandrealizefunherdeve10Pment.
First,by revisiting our fundamentaIprInCIPle of“Customer First,”al10f our executives
employeesinJapan and overseaswill“humbly”listen to the opln10nS and demands ofcustomers,
Prioritizesafetyandqualityofvehicles,andstrive“tomanufacturesafeandsecureautomobiles.’’
Second,Weintendtomanufactureproducts,glVlngtheforemostp「10ritytocustomersafety
SenSe Ofsecurity andfocuslng On P「lCe and design from the customers’perspective,including t
designlngOfadeve10PmentPrOCeSSthatensuresproductsafetyandquality,andbuildingofaproduct
lineupthatmeetsthedemandsofcustomersineachreg10n,includingemerglngCOuntries.lnadditi
Weintend to pursue reg10nalstrategleS Suited to ourcapability and appreciated by customers and
reg.onaIsocieties.
Third,WeWillpromoteR&Donenvironmentalandenergytechno10gyfornext−generationthat
COntributestothedeveIopmentofsociety.ExampIesincludedeve10Plnga10W−COSthybridsystemf
itswidespreaduse,andpromotingthebusinessstrategleStOeXPandthebusinessofe[ectricvehic
andp[ug−inhybridvehicles.
Founh,We WiJJpromote human resources development to support completeness and
Self−reIianceineachreg10nandcontinuetopursue“goodautomobilemanufacturing.”
Fi肘l,WeWillestablishasustainableandstableprofitstructurethroughthesebusinessref
andhumanresourcesdeve10Pmentunderthecha”engIngbusinessenvironment.
Through these efForts,lbyotais working to enhanceits corporate value by revisiting the
Company’sfounding mission of“Contributingto$OCietythroughautomobile manufacturing,”and by
making every effort to provide“good products at afFordable prices”based on the principles of
“Customer First”and“GenchiGenbutsu.”And,through fu「ther enhancement of corporat
transparencyand fu”observance ofcorporateethics such as compliancewith applicablelaws
regulations,lbyota willfulfi”its socialresponsibiIities by carrylng Outits Corporate Social
Responsibility(CSR).

8
TOYOTAMOTORCORPORAT10N FY2010FinancialSumma「y
(Consoridatedfinancialinformationhasbeenpreparedinaccordancewithaccountingprinciplesgenera”yacceptedintheUnitedStatesofAmerica)

4.Consolidated ProductionandSales

(1)Production

FY2009 FY2010
lncrease
Businesssegment (Apri11,2008through (Apri11,2009through
(Decrease)
March31,2009) Ma「ch31,2010)
」apan 4,254.984 3,956,996 (297,g88)
NorthAmerica 919,125 1,041,833 122,708
Europe 481,512 432,626 (48,886)
Automotive
Asia 946,806 1,021,019 74,213
Othe「 448,605 356,966 (91,639)
Total 7,051,032 6,809,440 (241,592)

Other Houslng 4,856 4,727 (129)

Note:1Productionin“Automotive”indicatesproductionunitsofvehicles(new).
2“Other”in“AutomotivePconsistsofCentraIandSouthAmerica,OceaniaandAfrica.

(2)Sales(bydestination)
(Units)

FY2009 FY2010
lnc「ease
Businesssegment (ApriIl.2008through (ApriIl,2009through
(Decrease)
March31.2009) March31,2010)
」apan 1,944,823 2,162,418 217,595
NorthAmerica 2,212,254 2,097,374 (114,880)
Europe 1,061,954 858,390 (203,564)
Automotive
Asia 904,892 979,651 74.759
Other 1,443,433 1,139,329 (304,104)
Total 7,567,356 7,237,162 (330.194)

Other Houslng 5,442 5,281 (161)

Note:1Salesin“Automotive”indicatessalesunitsofvehicIes(new).
2KOther”in“Automotive刀consistsofCentralandSouthAmerica.Oceania,AfricaandtheMiddleEast,etC.

9
TOYOTA MOTOR CORPORATlON FY2010 Financial Summary
(Consolidatedfinancjalinformationhasbeenpreparedinaccordancewithaccountingprinciplesgenera”yacceptedintheUnitedStatesofAmerica)

5.Breakdownofconsolidated netrevenues
(Amount:millionyen)
FY2009 FY2010
lncrease
Businesssegment (Apri11,2008through (Apri11,2009through
(Decrease)
Ma「ch31,2009) Ma「ch31,2010)

Vehicles 15,635,490 14,309,595 (1,325,895)

Pa「ts&
components for 298,176 355,273 57,097
overseas production
Automotive
Pa「ts 1,575,316 1,543,941 (31,375)

Othe「 1,041,519 978,499 (63,020)

Total 18,550,501 17,187,308 (1,363,193)

FinancialseⅣices 1,355,850 1,226,244 (12g,606)

Houslng 148,985 136,673 (12,312)

TeJecommunications 52,520 44,288 (8,232)


Othe「
Other 421,714 356,460 (65,254)

Total 623,219 537,421 (85,798)

Total 20,529,570 18,950,973 (1,578,597)

Note:Theamountsrepresentnetrevenuesfromexternalcustomers.

10
TOYO11MOTORCORPORAT[ON FY2010FinancialSummary
(ConsolidatedfinancialinformationhasbeenpreparedinaccordancewithaccountingprinciplesgenerallyacceptedintheUnitedStatesofAmerica)

6.ConsoIidated FinancialStatements

(1)ConsolidatedBalanceSheets
(Amount:miIIionyen)

FY2009 FY2010 lncrease


(AsofMarch31,2009) (AsofMarch31,2010) (Decrease)

Assets
Currentassets:

CashandcashequlValents 2,444,280 1,865,746 (578,534)

Timedeposits 45,178 392,724 347,546


Marketablesecurities 495,326 1,793,165 1,297,83g
Tradeaccountsandnotesreceivab[e,
lessa”owancefordoubtfulaccountsof 1,392,749 1,886,273 493,524
¥15,034miIlionasofMarch31,2009and
¥13,735miIIionasofMarch31,2010
Financereceivables,net 3,891,406 4,209,496 318,090
Otherreceivables 332,722 360,379 27,657
lnventories 1,459,394 1,422,373 (37,021)
Deferred income taxes 605,331 632,164 26,833
Prepaidexpensesandothercurrentassets 632.543 511,284 (121,259)

Totalcurrentassets 11,298,929 13,073,604 1,774,675


Noncurrentfinancereceivables,net 5,655,545 5,630,680 (24,865)

lnvestmentsandotherassets:
Marketablesecuritiesandothersecurities
2,102,874 2,256,279 153,405
investments
Afmiatedcompanies 1,826,375 1,879,320 52,945
EmpIoyeesreceivables 69,523 67,506 (2,017)
Othe「 707,110 730,997 23,887
Totalinvestmentsandotherassets 4,705,882 4,934,102 228,220
Prope什y,P[antandequipment:
Land 1,257,409 1,261,349 3,940
Buildings 3,633,954 3,693,972 60,018
Machine「yandequ.pment 9,201,093 9,298,967 97.874
VehiclesandequlPmentOnOPeratingleases 2,836,881 2,613,248 (223,633)
Constructioninprogress 263,602 226,212 (37,390)

Subtotal 17,192,939 17,093,748 (99,191)


Less−Accumulateddepreciation (9,791,258) (10,382,847) (591,589)

Totalprope什y,Plantandequipment,net 7,401,681 6,710,901 (690,780)

Totalassets 29,062,037 30,349,287 1,287,250

11
TOYOTAMOTORCORPORAT10N FY2010FinancialSummary
(ConsolidatedfinancialinformationhasbeenpreparedinaccordancewithaccountingprincipIesgeneraIlyacceptedintheUnitedStatesofAmerica)

(Amount:mi”ionyen)

FY2009 FY2010 Increase


(AsofMarch31,2009) (AsofMarch31,2010) (Decrease)

Liabilities
Currentliabilities:
Short−termborrowlngS 3,617,672 3,279,673 (337,999)

Currentportionof10ng−termdebt 2,699,512 2,218,324 (481,188)

Accountspayable 1,299,455 1,956,505 657,050


Otherpayables 670,634 572,450 (98,184)
Accruedexpenses 1,540,681 1,735,930 195,249
lncome taxes payable 51,298 153,387 102,089
Othercurrentliabilities 710,041 769,945 59,904
Totalcurrentliabilities 10,589,293 10,686,214 96,921
Long−termliabilities:

Long−termdebt 6,301,469 7,015,409 713,940


Accruedpensionandseverancecosts 634,612 678,677 44,065
Deferred income taxes 642,293 813,221 170,928
Otherlong−termIiabilities 293,633 225,323 (68,310)

Totallong−termliabilities 7,87乙007 8,732,630 860,623


Total liabilities 18,461,300 19,418,844 957,544

SharehoIders’equity
ToyotaMotorCorporationshareholders’equity:
Commonstock,nOParValue, 397,050 397,050
authorized:10,000,000,000shares
asofMarch31,2009andMarch31,2010
issued:3,447,997,492shares
asofMarch31,2009andMarch31,2010
Additionalpaid−incapital 501,211 501,331 120

RetainedearnlngS 11,531,622 11,568,602 36,980


Accumulatedothercomprehensiveincome(loss) (1,107,781) (84(∋,835) 260,946
Treasurystock,atCOSt, (1,260,895) (1,2(氾,425) 470
312,115,017sharesasofMarch31,2009and
312,002,149sharesasofMarch31,2010
TotalToyotaMotorCorporationshareholders’
10,061,207 10,359,723 298,516
equity
Noncontrolling interest 539,530 570,720 31,190
Totalshareholders’equity 10,600,737 10,930,443 329,706
Commitmentsandcontingencies
TotalliabiIitiesandshareholders’equity 29,062,037 30,349,287 1,287,250

12
TOYO17LMOTORCORPORATlON FY2010FinancialSummary
(Conso‖datedfinancialinforTTlationhasbeenpreparedinaccordancewithaccountingprinciplesgenera”yacceptedintheUnitedStatesofAmerica)

(2)ConsolidatedStatementsoflncome
(Amount:mi”ionyen)
FY2009 FY2010
lncrease
(Fortheyearended (Fortheyearended
(Decrease)
Ma「ch31,2009) M訂Ch31,2010)
Netrevenues:

Sales of products 19,173,720 17,724,729 (1,448,991)

Financing operations 1,355,850 1.226,244 (129,606)

Totalnetrevenues 20,529,570 18,950,973 (1,578,597)

Costsandexpenses:
Costofproductssold 17,468,416 15,971,496 (1,496,920)

CostoffinanclngOPerations 987,384 712,301 (275,083)

Se”ing,generalandadministrative 2,534,781 2,119,660 (415,121)

Totalcostsandexpenses 20,990,581 18,803,457 (2,187,124)

Operatingincome(Ioss) (461,011) 147,516 608,527


Otherincome(expense):

lnterestanddividendincome 138,467 78,224 (60,243)

lnterestexpense (46,882) (33,409) 13,473


Foreignexchangegain(10SS).net (1,815) 68,251 70,066
Otherincome(10SS).net (189,140) 30,886 220,026

Totalotherincome(expense) (99,370) 143,952 243,322


lncome(Ioss)beforeincom戸
taxesandequityinearnlngSOf (560,381) 291,468 851,849
affiliated companies
Provisionforincometaxes (56,442) 92,664 149,106

EquityinearningsofafFiliatedcompanies 42,724 45,408 2,684

Netincome(loss) (461,215) 244,212 705,427


Less:Net(income)10SS
24,278 (封,756) (59,034)
attributabletothenoncontro”ingintere$t
Netincome(10SS)auributabreto
(436,937) 209,456 646,393
ToyotaMotorCorporation

13
TOYO11MOTORCORPORAT10N FY2010FinanciaISummary
(ConsolidatedfinancialinformationhasbeenpreparedinaccordancewithaccountingprinciplesgeneralIyacceptedintheUnitedStatesofAmerica)

(3)Conso[idatedStatementsofShareholders’Equity
(Amount:miIIionyen)
FY2009(FortheyearendedMarch31,2009)
Accumulated Othe「 T「easu「y ¶)也11byota

Common Additional Paid−in Retained StくX火


Moto「 Co「po「ation Non∝〉nt「Olllng 1b也l
lnte「eSt Sha「eholde「S’
StOCk C8Pital eamlngS COmPrehensIVe in∝〉me10SS
() atcost Shareholde「S’ eq山吋

equity
Balances8tMa「Ch31,2008 397,050 497,569 12,408.550 (241,205) (1,1g2,437) 11,869,527 656,667 12,526.194
Equiけt帽nSaCtionwith
(30,645) (30,645)
noncontro”lnginterestsandother
lssuancedurngtheyear 3,642 3,642 3,642
Comprehensive10SS:
Net10SS (436.937) (436,g37) (24,278) (461,215)
Othercomprehensiveincome
(10SS)

ForeigncurTenCytranSlation (381,303) (381.303) (18,865) (400.168)


adjustments
Unrealized losses on
SeCUrities,netOf (293,101) (2g3,101) (13.590) (306,691)
redassificationadjustments
Pensionliabilityadjustments (192,172) (1g2,172) (8.874) (201,046)
¶)由Icomp帽hensive10SS (1,303,513) (65,607) (1,36g,120)
DividendspaidtolbyotaMotor (439.9gl)
(43g,9gl) (43g,9gl)
Corporation shareholders
Dividendspaidtononcontrollln9
(20,885) (20.885)
inte「ests

Pu「Chaseandreissuanceof
(68.458) (68,458) (68,458)
common stock

BalancesatMa「d131.2009 397.050 501.211 11,531,622 (1,107,781) (1,260,8g5) 10,061,207 53g,530 10,600,737

(Amount:millionyen)
FY2010(FortheyearendedMarch31.2010)
1b由11byota
Common Addit」0nal
¶)tal
Ammulated Othe「 Treasu「y
Paid−in St∝火 Moto「 Co「po帽tion Non∞ntrOlling Sha「eholders’
lnte「eSt
StOCk CaPi也l eamlngS COmPrehensIVe income(10SS atcost Sha「eholde椅■ equi吋
equity

BalancesatMa忙h31,2009 3g7,050 501.211 11,531.622 (1.107.781) (1.260.895) 1ロ.061,207 539,530 10,600,737


Equitytransactjonwith
(2,116) (2.116) (2,748) (4,864)
noncontrDIIInginterestsandother
l∬UanCe山巾唱meyea「 2.236 2,236 2,236
Comprehensiveincome:
Net income 20g,456 209,456 34,756 244.212
0仇ercomp帽hensivein∞me
Fo帽i!】nCU汀enCyt帽nSlation
9.894 g,894 5,721 15,615
adjustments
Un「ealked!】ainson
SeCU而ies,netOf 176.407 176,407 4,095 180,502
redass椚Ca厄0nadjustments
Pensionliabilityadjustments 74,645 74,糾5 g8 74.743
1b也l∝〉mPrehensiveincome 470,402 44,670 515.072
DividendspaidtolbyotaMotor (172,476) (172,476) (172,476)
Corporation shareholders
DividendspaidtononcontroIIing (10,732) (10,732)
interests

Purchaseandrei$$UanCeOf
470 470 470
common stock

BalancesatMarch31,2010 397,050 501,331 11,568,602 (846,835) (1.260,425) 10,35g,723 570,720 10.930,443

14
TOYOTAMOTORCORPOR〝「10N FY2010FinancialSummary
(ConsolidatedfinancialinfomationhasbeenpreparedinaccordancewithaccountingprinciplesgeneraIIyacceptedintheUnitedStatesofAmerica)

(4)ConsolidatedStatementsofCashF10WS
(Amount:mi”ionyen)
FY2009 FY2010
(Fortheyearended (Fortheyearended
Ma「ch31,2009) Ma「ch31,2010)

Cashf10WSfromoperatingactivities:
Netincome(10SS) (461,215) 244.212
Adjustmentstoreconcilenetincome(loss)tonetcash
PrOVidedbyoperatingactivities
Depreciation 1,495,170 1,414.569
ProvisionfordoubtfulaccountsandcreditIosses 257,433 100,775
Pensionandseverancecosts,lesspayments (20,958) 1,254
Lossesondisposa10ffixedassets 68,682 46.937
Unrealized10SSeSOnaVailable−for−Salesecurities,net 220,920 2,486
Deferredincometaxes (194,990) 25,537
Equityinearningsofafmiatedcompanies (42,724) (45,408)
ChangesinoperatingassetsandIiabilities,andother 154,587 768,168
Netcashprovidedbyoperatingactivities 1,476,905 2,558,530

Cashf]owsfrominvestingactivities:
Additionstofinancereceivables (8,612,111) (7.806,201)
Co”ectionofandproceedsfromsaIesoffinancereceivabIes 8,155,094 7,517,968
Additionsto触edassetsexcludingequlPmentleasedtoothers (1,364,582) (604,536)
AdditionstoequlPmentleasedtoothers (960,315) (833,065)
ProceedsfromsaTesoffixedassetsexcIudingequIPment
47,386 52,473
leased to others
ProceedsfromsalesofequIPmentIeasedtoothers 528,749 465,092
Purchasesofmarketablesecuritiesandsecurityinvestments (636,030) (2,412,182)
Proceedsfromsalesofandmaturityofmarketablesecuritiesand
1,475,877 1,108,741
SeCurityinvestments
PaymentforadditionaIinvestmentsinafRliatedcompanies,
netofcashacquired (45) (1,020)
Changesininvestmentsandotherassets,andother 135,757 (337,454)
Netcashusedininvestingactivities (1,230,220) (2,850,184)
Cashf]owsfromfinanclngaCtivities:
Proceedsfromissuanceof10ng−termdebt 3,506,990 3,178,310
Paymentsof10ng−termdebt (2,704,078) (2,938,202)
lncrease(decrease)insho「t−termborrowings 406,507 (335,363)
Dividendspaid (439,991) (172,476)
Purchaseofcommonstock,andother (70,587) (10,251)
Netcashprovidedby(usedin)financingactivities 698,841 (277,982)

EfFectofexchangeratechangesoncashandcashequivalents (129,793) (8,898)


Netincrease(decrease)incashandcashequivaIents 815,733 (578,534)

CashandcashequlValentsatbeginnlngOfyear 1,628,547 2,444,280

CashandcashequlValentsatendofyear 2,444,280 1,865,746

Note:lntheConsolidatedStatementsofCashFIows,CaShandcashequlValentsincIudecashonhand,bankdepositsthatcanbewithdrawnat
anytimeandshort−teminvestmentsthatcanbeconvertedintocashatanytimeandcarryminimaIriskofchangeinvaIue.

(5)EventsandConditionswhichIndicatetherecouIdbeSubstantialDoubtaboutGoingConcernA
None

15
TOY01nMOTORCORPORAT[ON FY2010Financia[Summary
(ConsoIidatedfinanciaIinformationhasbeenpreparedinaccordancewithaccountingprinciplesgenerallyacceptedintheUnitedStatesofAmerica)

(8)Segmentlnformation

(j)SegmentOperatingResultsandAssets

FY2009(AsofandfortheyearendedMa「ch31,2009)
(Amount:mi”ionyen)
lntersegment
Eliminationand/0「
Automotive FinancialServices Al10ther Consolidated
Unal10Cated
Amount
Netrevenues:

(1)SaIestoexternalcustomers 18,550,501 1,355,850 623,219 20,529,570

(2)lnter−SegmentSalesandtransfers 14,222 21,698 561,728 (597.648)

 ̄btal 18,564.723 1,377,548 1,184,947 (597,648) 20,529,570

Operatingexpenses 18,959,599 1,449,495 1,175,034 (593,547) 20,990,581

Ope「atingincome(10SS) (394,876) (71,947) 9,913 (4,101) (461,011)

Assets 11,716,316 13,631,662 1,131,400 2,582,659 29,062,037

lnvestmentinequitymethodinvestees 1.606,013 168,057 36,036 1,810,106

Depreciatjonexpenses 1.072,848 389,937 32,385 1,495,170

Capitalexpenditure 1−343,572 883,968 35,334 62,023 2,324,897

FY2010(AsofandfortheyearendedMa「ch31,2010)
(Amount:mi”ionyen)
lntersegment
Eliminationand/Or
Automotive FinancialServices Al10ther Consolidated
Unal10Cated
Amount
Netrevenues:

(1)Salestoexternalcustomers 17,187,308 1,226,244 537,421 18,950,973

(2)lnter−SegmentSalesandtransfers 10,120 19,163 410,194 (439,477)

1btal 17,197.428 1,245,407 947,615 (439,477) 18,950,973

Operatingexpenses 17,283.798 998,480 956,475 (435,296) 18,803,457

Operatingincome(10SS) (86,370) 246,927 (8,860) (4,181) 147,516

Asseb 12,359,404 13,274,953 1,119,635 3,595,295 30,349,287

lnvestmentinequitymethodinvestees 1,692,702 129,745 44,993 1,867,440

Depreciationexpenses 1,018,935 348,820 46,814 1,414,569

Capitalexpenditure 616,216 774,102 21,751 25,532 1,437,601

Note二Una”ocated corporateassetsincIuded underulntersegmentEliminationand/orUna”ocatedAmount’forFY2009and FY2010are3,225.901


mi”ionyenand4,205,402mi”ionyen,reSPeCtively,andconsistpnmarilyoffundssuchascashandcashequIValents.marketablesecurities
andportionofsecurityinvestmentsheldbyTMC.

17
TOY0171MOTORCORPORAT10N FY2010FinancialSummary
(Conso[idatedfinancialinformationhasbeenpreparedinaccordancewithaccountingprinciplesgenera”yacceptedintheUnitedStatesofAmerica)

(ii)Consolidated FinancialStatementsasClassifiedintoNon−Financia[ServicesBusinessand Financi


Services Business

Consolidated Ba[ance Sheets as Classifiedinto Non−FinancialServices Business and Financia[


Services Business
(Amount:mi”ionyen)
FY2009 FY2010 lncrease
(AsofMarch31,2009) (AsofMarch31,2010) (Decrease)

Assets
(Non−financialservices)
Currentassets:
CashandcashequIValents 1,648,143 1,338,821 (309,322)
Marketablesecurities 494,476 1,783,629 1,289,153
Tradeaccountsandnotesreceivable,
1,404,292 1,908,884 504,592
lessa”owancefordoubtfulaccounts
lnventories 1,459,394 1,422,373 (37,021)
Prepaidexpensesandothercurrentassets 1,534,119 1,793,622 259,503
lbtaIcurrentassets 6,540,424 8,247,329 1,706,905
lnvestmentsandotherassets 4,254,126 4,549,658 295,532
Prope止y,Plantandequipment 5,504,559 4,996,321 (508,238)
Total assets 16,299,109 17,793,308 1,494,199

(Financialservices)
Currentassets:
CashandcashequIValents 796,137 526,925 (269,212)
Marketablesecurities 850 9,536 8,686
Financereceivables,net 3,891,406 4,209,496 318,090
Prepajdexpensesandothercurrentassets 790,901 653,798 (137.103)
Totalcurrentassets 5,479,294 5,399,755 (79,539)
Noncurrentfinancereceivables,net 5,655,545 5,630,680 (24,865)
lnvestmentsandotherassets 599,701 529,938 (69,763)
Prope止y,Plantandequipment 1,897,122 1,714,580 (182,542)
Total assets 13,631,662 13,274,953 (356,709)

(Elimination)

Eliminationofassets (868,734) (718,974) 149.760

(Consolidated)

1btalassets 29,062,037 30,349,287 1,287,250

Note:Assetsinthenon−financiaIservicesincludeunalIocatedcorporateassets.

18
TOYOTAMOTORCORPORATlON FY2010FinancialSummary
(ConsolidatedfinancialinformationhasbeenpreparedinaccordancewithaccountingprinciplesgenerallyacceptedintheUnitedStatesofAmerica)

(Amount:mi”ionyen)
FY2009 FY2010 lnc「ease
(AsofMarch31,2009) (AsofMarch31,2010) (Decrease)
Liabilities
(Non−financialservices)
Currentliabilities:
Sho「t−termborrowlngS 825,029 575.890 (249,139)
CurrentportionofJong−termdebt 115,942 289,447 173,505
Accountspayable 1,299,523 1,954,147 654,624
Accruedexpenses 1,432,988 1,627,228 194,240
lncome taxes payable 47,648 140,210 92,562
OthercurrentJiabilities 944,303 931,727 (12,576)
lbtalcurrentIiabiLities 4,665,433 5,518,649 853,216
Long−termliabiIities:
Long−termdebt 850,233 1,095,270 245,037
Accruedpensionandseverancecosts 629,870 672,905 43,035
Other10ng−termliabilities 444,529 604,903 160,374
lbtal10ng−termliabilities 1,924,632 2,373,078 448,446
Total liabilities 6,590,065 7,891,727 1,301,662

(FinanciaIservices)
CurrentliabiIities:
Short−termborrowlngS 3,370,981 3,118,938 (252,043)
Currentportionoflong−termdebt 2,640,104 1,968,908 (671,196)
AccountspayabIe 10,001 13,063 3,062
Accruedexpenses 111,766 113,559 1,793
lncome taxes payable 3,650 13,177 9,527
Othercurrentliabilities 515,166 519,011 3,845
lbtalcurrentIiabilities 6,651,668 5,746,656 (905,012)
Long−termliabilities:
Long−termdebt 5,592,641 6,060,349 467,708
Accruedpensionandseverancecosts 4,742 5,772 1,030
Otherlong−termliabilities 491,397 433,641 (57,756)
Totallong−termliabilities 6,088,780 6,499,762 410,982
Total liabilities 12,740,448 12,246,418 (494,030)
(Elimination)Eliminationofliabilities (869,213) (719,301) 149,912
(ConsoIidated)TotaIIiabilities 18,461,300 19,418,844 957,544

SharehoIders’equity

(Consolidated)
lbtalToyotaMotorCorporationshareholders’ 10,061,207 10,359,723 298,516
equiけ

(Consolidated)NoncontroIIinginterest 539,530 570,720 31,190


(Consolidated)Totalshareholderslequity 10,600,737 10,930,443 329,706
(Consolidated)
TbtaIIiabiIitiesandshareholders’equity 29,062,037 30,349,287 1,287,250

19
TOY0171MOTORCORPORAT10N FY2010FinanciaISummary
(ConsoIidatedfinancialinformationhasbeenpreparedinaccordancewithaccountingprincipIesgeneraIlyacceptedintheUnitedStatesofAmerica)

Consolidated Statements oflncomeas Classifiedinto Non−FinancialServices Business and Financi


Services Business
(Amount:mi”ionyen)
FY2009 FY2010
lnc「ease
(Fortheyearended
(Decrease)
March31,2009) March31,2010)
(Non−¶nancialseⅣices)

Netrevenues 19,182,161 17,732,143 (1,450,018)


Costsandexpenses: .19,568,465 17,828,152 (1,740,313)
Cost of revenues 17,470,791 15,973,442 (1,497,349)

Se”ing.generalandadministrative 2,097,674 1,854,710 (242,964)

Operating loss (386,304) (96,009) 290,295


Otherincome(expense),net (71,925) 144,625 216,550
lncome(10SS)beforeincoTle
taxesandequityinearnlngSOfa什iliated (458,229) 48,616
COmPanies
Provisionforincometaxes (10,152) 42,342
Equityinearningsofaffiliatedcompanies 53,226 109,944 56,718
Netincome(10SS) (394,851) 116,218 511,069
Less:Netincome(10SS)
26,282 (32,103) (58,385)
attributabletothenoncontroJlinginterest
Netincome(loss)a肘ibutableto
(368,569) 84,115 452,684
ToyotaMotorCorporation

(FinancialseNices)
Netrevenues 1,377,548 1,245,407 (132,141)
Costsandexpenses: 1,ヰヰ9,495 998,480 (451,015)
Costofrevenues 994,191 716,9g7 (277,194)

Se”jng,generalandadministrative 455,304 281,483 (173,821)


Operatingincome(10SS) (71,947) 246,927 318,874
Otherexpenses,net (30,233) (3,923) 26,310
lncome([oss)beforeincome
taxesandequityinlossesofaffiliated (102,180) 243,004 345,184
COmPanies
Provisionforincometaxes (46,298) 50,362 96,660
EquityinlossesofaffiIiatedcompanies (10,502) (64,536) (54,034)
Netincome(10SS) (66,384) 128,106 194,490
Less:Netloss
a伽butabletothenoncontro”inginterest (2,004) (2,653) (649)

Netincome(loss)attributableto
(68,388) 125,453 193,841
ToyotaMotorCorporation

(Elimination)

Eliminationofnetincomeorloss 20 (112) (132)

(Consolidated)

Netincome([oss) (436,937) 209,456 646,393

20
TOYO’TAMOTORCORPOR〝「lON FY2010FinanciaISummary
(Consolidatedfinancialinformationhasbeenpreparedinaccordancewithaccountingprinciplesgenera”yacceptedintheUnitedStatesofAmerica)

Consolidated Statements of Cash F10WS aS Classifiedinto Non−FinancialServices Business and


FinancialServicesBusiness
(Amount:mi”ionyen)
FY2009 FY2010
(Fortheyearended (Fortheyearended
Ma「ch31,2009) Ma「ch31,2010)
(Non−financialservices)
Cashf]owsfromoperatingactivities:
Netincome(loss) (394,851) 116,218
Adjustmentstoreconcilenetincome(loss)tonetcash
PrOVidedbyoperatingactivities
Depreciation 1,105,233 1,065,749
Provjsionfordoubtfulaccounts (1,663) 1.905
Pensionandseverancecosts,lesspayments (21,428) 55
LossesondisposaIoffixedassets 68,546 46,661
Unrealizedlossesonavailable−for−Salesecurities,net 220,920 2,486
Deferred income taxes (132,127) (14,183)
Equityinearningsofaffiliatedcompanies (53,22(∋) (109,944)
Changesinoperatingassetsandliabilities,andother (223,101) 733,338
Netcashprovidedbyoperatingactivities 568,303 1,842,285
CashfIowsfrominvestingactivities:
AdditionstofixedassetsexcJudingequIPmentTeasedtoothers (1,358,518) (599,154)
AdditionstoequIPmentleasedtoothers (82,411) (64,345)
Proceedsfromsalesof斤xedassetsexcludingequlPmentleased
41,285 46,070
toothers
ProceedsfromsalesofequlPmentleasedtoothers 55,896 36,668
Purchasesofmarketablesecuritiesandsecurityinvestments (418,342) (2,310,912)
Proceedsfromsalesofandmaturityofmarketablesecuritiesand
1,295,561 1,012,781
SeCurityinvestments
Paymentforadditionalinvestmentsina惰Iiatedcompanies,netOf
(1,020)
CaShacquired (45)

Changesininvestmentsandotherassets,andother 129,834 (259,089)


Netcashusedininvestingactivities (336,740) (2,139,001)
Cashf]owsfrom¶nanclngaCtivities:
Proceedsfromissuanceoflong−termdebt 545,981 492,300
Paymentsof10ng−termdebt (150,097) (77,033)
lncrease(decrease)inshort−termborrowings 138,387 (249,238)
Dividendspaid (439,991) (172,476)
Purchaseofcommonstock,andother (70,587) (10,251)
Netcashprovidedby(usedin)financingactivities 23.6g3 (16,698)
E情ectofexchangeratechangesoncashandcashequlValents (80,214) 4.092
Netincrease(decrease)incashandcashequivalents 175,042 (309,322)
CashandcashequlVaTentsatbeginnlngOfyear 1,473,101 1,648,143
CashandcashequIValentsatendofyear 1,648,143 1,338,821

21
TOYOTAMOTORCORPORATlON FY2010FinancialSummary
(Consolidatedflnancialinformationhasbeenpreparedinaccordancewithaccountingprinciplesgenera”yacceptedintheUnitedStatesofAmerica)

(Amount:millionyen)
FY2009 FY2010
(Fortheyearended (Fortheyearended
Ma「ch31,2009) March31.2010)
(FinanciaIservices)
Cashf]owsfromoperatingactivities:
Netincome(10SS) (66,384) 128,106
Adjustmentstoreconcilenetincome(10SS)tonetcash
PrOVidedbyoperatingactivities
Depreciation 389,937 348,820
ProvisionfordoubtfulaccountsandcreditIosses 259,096 98,870
Pensionandseverancecosts,Iesspayments 470 1,199
Lossesondisposa10ffixedassets 136 276
Deferred income taxes (62,871) 39,759
EquityinIossesofaffiliatedcompanies 10,502 64,536
Changesinoperatingassetsandliab‖ities,andother 186,234 133,275
Netcashprovidedbyoperatingactivities 717,120 814,841
Cashf10WSfrominvestingactivities:
Additionstofinancereceivab[es (14,230,272) (13,492,119)
Co”ectionofandproceedsfromsaIesoffinancereceivabIes 13,959,045 13,107,531
AdditionstofixedassetsexcIudingequipmentleasedtoothers (6,064) (5,382)
AdditionstoequIPmentleasedtoothers (877,904) (768,720)
ProceedsfromsaIesoffixedassetsexcIudingequipmentIeased
6,101 6,403
toothers
ProceedsfromsalesofequIPmentleasedtoothers 472,853 428,424
Purchasesofmarketablesecuritiesandsecurityinvestments (217,688) (101,270)
ProceedsfromsaIesofandmaturityofmarketabAesecuritiesand
180,316 95,960
SeCurityinvestments
Changesininvestmentsandotherassets,andother (2,091) 102,497
Netcashusedininvestingactivities (715,704) (626,676)
Cashf10WSfromfinancIngaCtivities:
ProceedsfromissuanceofIong−termdebt 3,030,029 2,733,465
Paymentsof10ng−termdebt (2,580,637) (2,926,308)
hcrease(decrease)inshon−termborrowings 239,462 (251,544)
Netcashprovidedby(usedin)financingactivities 688,854 (444,387)
E仔ectofexchangeratechangesoncashandcashequIValents (49,579) (12,990)
Netincrease(decrease)incashandcashequivalents 640,691 (269,212)
CashandcashequivalentsatbeginnlngOfyear 155,446 796,137
CashandcashequIValentsatendofyear 796,137 526,925

Note:lntheConsolidatedStatementsofCashF10WS,CaShandcashequivalentsincIudecashonhand,bankdepositsthatcanbewithdraw
anytimeandshon−terminvestmentsthatcanbeconve止edintocashatanytimeandcarTYminima]riskofchangeinvalue.

22
TOY01nMOTORCORPORAT10N FY2010FinanciaISummarY
(Consolidatedfinancialinformationhasbeenpreparedinaccordancewithaccountingprinciplesgenera”yacceptedintheUnitedStatesofAmerica)

(iv)OverseasSales

FY2009(FortheyearendedMarch31,2009)
(Amount:mi”ionyen)

NorthAmerica Eu「OPe Asia Other 1btal

I Overseas sales 6,294,230 2,861,351 2,530,352 3,421,881 15,107,814

llConsolidatedsales 20,529,570

”lRatioofoverseassales % % % % %
to consolidated sales 30.7 13.9 12.3 16.7 73.6

FY2010(FortheyearendedMarch31,2010)
(Amount:mi”ionyen)

NorthAmerica Eu「OPe Asia Othe「 1btal

I Overseas sales 5,718,381 2,023,280 2,641,471 2,838.671 13,221.803

llConsolidatedsales 18,950.973

IllRatioofoverseassales % % % % %

to consolidated sales 30.2 10.7 13.9 15.0 69.8

Note:“Other’consistsofCentralandSouthAmerica,Oceania,AfricaandtheMiddleEast,etC.

24
TOYOTAMOTORCORPORAT10N FY2010FinancialSummary
(UnconsolidatedfinancialinformationhasbeenpreparedinaccordancewithaccountingprinciplesgeneraJlyacceptedinJapan)

7.Unconsolidated FinancialStatements

(1)BalanceSheets
(Amount:miIlionyen)

FY2009 FY2010 lncrease


(AsofMarch31.2009) (AsofMarch31,2010) (Decrease)

Assets
Currentassets
Cash and deposits 24,067 43,181 19,114
Trade accounts receivable 565,881 1,108,417 542,536
Marketablesecurities 1,223,909 2,177,316 953,407
Finishedgoods 89,164 120,817 31,653
Work in process 112,289 72,720 (39,569)
RawmaterialsandsupplleS 77.856 59,653 (18,203)

lncome taxes receivable 205,275 5,255 (200,020)

Short−termIoans 732,141 383.137 (349,004)

Deferred tax assets 219,710 318,318 98,608


Othe「s 296,882 546,986 250,104
Less:allowancefordoubtfulaccounts (5,800) (1,700) 4,100
Totalcurrentassets 3,541,378 4,834,106 1,292,728
Fixed assets

Propeny,Plantandequipment
Buildings.net 437,187 412,666 (24,521)
Structures,net 50,760 46,802 (3,958)
MachineryandequlPment,net 405,650 291,059 (114,591)

VehicleanddeliveryequIPment,net 23,048 18,948 (4,100)


TooIs,furnitureandfixtures,net 106,928 76,076 (30,852)
Land 393,454 399,664 6,210
Constructioninprogress 82,070 93,159 11,089
Totalprope止y,Plantandequipment 1,499,100 1,338,377 (160,723)

lnvestments and other assets


lnvestmentsinsecurities 1,418,415 1,529,014 110,599
lnvestmentsinsubsidiariesandaffiliates 1,958,143 1,911,791 (46,352)
Long−teml10anS 397,882 460,362 62,480
Deferred tax assets 176,307 128,684 (47,623)
Others 195,035 170,239 (24,796)

Less:a”owancefordoubtfulaccounts (22,600) (21,800) 800


TotaIinvestmentsandotherassets 4,123,183 4,178,292 55,109
Totalfixedassets 5,62乙283 5,516,670 (105,613)
Totalassets 9,163,662 10,350了7(∋ 1,187,114

25
TOYOTAMOTORCORPORATlON FY2010FinancialSummary
(UnconsolidatedfinancialinformationhasbeenpreparedinaccordancewithaccountingprincipJesgeneralIyacceptedinJapan)

(Amount:mi”ionyen)

FY2009 FY2010 rncrease


(AsofMarch31.2009) (AsofMarch31,2010) (Decrease)

LiabiIities
Current liabilities
Trade notes payable 585 894 309
Trade accounts payable 520,731 1,023,947 503,216
Currentportionof10ng−termborrowlngS 150,000 150,000
Currentportionofbonds 50,000 50,000
Otherpayables 376,129 297,681 (78,448)
Accruedexpenses 448,887 634,221 185,334
Depositsreceived 122,901 352,914 230,013
○・【he「s 14,482 25,540 11,058
Totalcurrentliabilities 1,483,718 2.535,200 1,051,482
Long−termliabilities
Bonds 450,000 530,000 80,000
Long−termborrowJngS 300,000 363,185 63,185
A”owanceforretirementbenefits 274,445 270,635 (3,810)
Others 3,581 14,063 10,482
Totallong−termliabilities 1,028,026 1,177,884 149,858
Total liabilities 2,511,745 3,713,084 1,201,339
Net assets
Shareholders’equity
Common stock 397,049 397,049
Capitalsu「plus
Capita[reserve 416,970 416,970
OthercapitaIsurplus 1,287 1,132 (155)

Totalcapita[surplus 418,258 418,103 (155)

Retained earnings
Legal reserve 99,454 99,454
OtherretainedearnlngS
Reserveforlossesonoverseasinvestments 25 12 (12)

ReseNeforspecia.depreciation 2,573 1,791 (781)

ReserveforreductionofacquISitioncostof
8,451 8,462
fixedassets
Generalresen/e 6,340,926 6,340,926
RetainedeamlngSCarriedforward 550,634 405,130 (145,504)
TotalretainedearnJngS 7,002,065 6,855,777 (146,287)

Less:treaSUryStOCk (1,279,189) (1,278,708) 481


Totalshareholders’equity 6,538,184 6,392,222 (145,961)

ValuationandtransIationadjustments
NetunreaJizedgalnSOnOthersecurities 106,158 236,133 129,974
DeferredhedgegalnSOrIosses 517 186 (331)

Tota[valuationandtranslationadjustments 106,676 236,319 129,643


Stockacquisitionrights 7,055 9,149 2.093
Totalnetassets 6,651,917 6,637,692 (14,224)
TotaIIiabilitiesandnetassets 9,163,6(∋2 10,350,776 1,187,114

26
TOY01AMOTORCORPORATION FY2010FinanciaISummary
(Unconsolidatedfinancia=nformationhasbeenpreparedinaccordancewithaccountingprincipIesgeneraIIyacceptedinJapan)

(2)Statementsoflncome
(Amount:millionyen)
FY2009 FY2010
lnc「ease
(Apri11,2008through
(Decrease)
Ma「ch31,2009) Ma「ch31,2010)
Netrevenues 9,278,483 8,597,872 (680,611)

Costofsales 8,332,566 7,866,781 (465,785)

G「ossp「0¶t 945,917 731.090 (214,827)

Se”ing,generalandadministrativeexpenses 1,133,836 1,059.151 (74,685)

Operating loss (187,918) (328,061) (140,143)

Non−OPerating.ncome

lnterestincome 58,548 40,326 (18,222)

Dividendincome 388,925 242,562 (146,363)

Others 193,409 111,856 (81,553)

TotaInon−OPeratinglnCOme 640,884 394,745 (246,139)

Non−OPeratingexpenses
lnterestexpenses 7,858 14,839 6,981
Others 262,511 128,966 (133,545)

Totalnon−OPeratingexpenses 270,370 143,805 (126,565)

O「dinaryincome(10SS) 182,594 (77,120) (259,714)

lncome(10SS)beforeincometaxes 182,594 (77,120) (259,714)

lncometaxes−CUrrent 23,500 (3,600) (27,100)

lncometaxes−deferred 102,444 (99,708) (202,152)

Netincome 56,649 26,188 (30,461)

27
TOYOTAMOTORCORPORAT10N FY2010FinancialSummary
(UnconsolidatedfinancialinformationhasbeenpreparedinaccordancewithaccountingprinciplesgenerallyacceptedinJapan)

(3)Changesinnetassets
(Amount:miIIionyen)
FY2009 FY2010
(Apri11,2008through (Apri11.2009through
Ma「ch31,2009) Ma「ch31,2010)
Shareholders’equity
Common stock
BaIanceattheendofpreviousperiod 397,049 397,049
Balanceattheendofcurrentperiod 397,049 397,049
Capital surplus
CapitalreseNe
BaIanceattheendofpreviousperiod 416,970 416,970
Balanceattheendofcurrentperiod 416,970 416,970
OthercapitaIsurpIus
Balanceattheendofpreviousperiod 1,287
Changesofitemsduringtheperiod
Reissuanceofcommonstock 1,287 (155)

TotaIchangesofitemsduringtheperiod 1,287 (155)

Balanceattheendofcurrentperiod 1,287 1,132


TotalcapitaIsurplus
Balanceattheendofpreviousperiod 416,970 418,258
Changesofitemsduringtheperiod
Reissuanceofcommonstock 1,287 (155)

Totalchangesofitemsduringtheperiod 1,287 (155)

Balanceattheendofcurrentperiod 418,258 418,103


Retained earnings
Legal reserve
Balanceattheendofpreviousperiod g9,454 99,454
Balanceattheendofcurrentperiod 99,454 9g,454
Otherretainedearnings
ReseNeforlossesonoverseasinvestments
Balanceattheendofpreviousperiod 71 25
Changesofitemsduringtheperiod
Reversa10freservefbr10SSeSOnOVerSeaSinvestments (46) (12)

Totalchangesofitemsduringtheperiod (46) (12)

BaIanceattheendofcurrentpehod 25 12
ReseNeforspeciaIdepreciation
Balanceattheendofpreviousperiod 2,453 2,573
Changesofitemsduringtheperiod
Appropriationtoreserveforspecialdepreciation 1,031 379
Reversa10freseNeforspecialdepreciation (910) (1,160)
Totalchangesofitemsduringtheperiod 120 (781)

Balanceattheendofcurrentperiod 2,573 1.791

28
TOYOTAMOTORCORPORAT[ON FY2010FinancialSummary
(Unconsolidatedfinancialinformationhasbeenpreparedinaccordancewithaccountingprinciplesgenera”yacceptedinJapan)

(Amount:millionyen)
FY2009 FY2010
(Apri11,2008through (Ap川1,2009through
March31,2009) Ma「ch31,2010)
ReseNeforreductionofacqulSitioncostoffixedassets
Balanceattheendofpreviousperiod 8,497 8,451
Changesofitemsduringtheperiod
AppropriationtoreserveforreductionofacqulSitioncost
Offixedassets 30
Reversalofreserveforreductionofacquisitioncostof
fixed assets (46) (19)

TotaIchangesofitemsduringtheperiod (46)

Balanceattheendofcurrentperiod 8,451 8.462


GeneralreseNe
Balanceattheendofpreviousperiod 6,340,926 6.340,926
Balanceattheendofcurrentperiod 6,340,926 6,340,926
RetainedearnlngSCarriedforward
Balanceattheendofpreviousperiod 934,004 550,634
Changesofitemsduringtheperiod
Reversa10freseNeforlossesonoverseasinvestments 46 12
AppropriationtoreseNefbrspecialdepreciation (1,031) (379)

ReversaJofreserveforspecialdepreciation 910 1,160


AppropriationtoreseNeforreductionofacquisitioncost
Offixedassets (30)

Reversa10freseNeforreductionofacqulSitioncostof
19
fixedassets
4(∋

Dividendspaid (439,991) (172,476)


Net income 56,649 26,188
Totalchangesofitemsduringtheperiod (383,370) (145,504)
Balanceattheendofcurrentperiod 550,634 405,130
TotalretainedearnlngS
BaIanceattheendofpreviousperiod 7,385,407 7,002,065
Changesofitemsduringtheperiod
Dividendspaid (439,991) (172,476)
Net income 56,649 26,188
Totalchangesofitemsduringtheperiod (383,342) (146,287)
Balanceattheendofcurrentperiod 7,002,085 6,855,777
Trea$∪けStOCk
Balanceattheendofpreviousperiod (1,212,681) (1,279,189)
Changesofitemsduringtheperiod
Purchaseofcommonstock (73,901) (165)

Reissuanceofcommonstock 7,393 646


TotaJchangesofitemsduringtheperiod (66,508) 481
Balanceattheendofcurrentperiod (1,279,189) (1,278,708)
TotaIshareholders’equity
Balanceattheendofpreviousperiod 6,986,746 6,538,184
Changesofitemsduringtheperiod
Dividendspaid (439,991) (172,476)
Netincome 56,649 26,188
Purchaseofcommonstock (73,901) (165)

Reissuanceofcommonstock 8,681 491


Totalchangesofitemsduringtheperiod (448,562) (145,961)

BaIanceattheendofcurrentperiod 6,538,184 6,392,222

29
TOYOTAMOTORCORPORAT10N FY2010FinancialSummary
(UnconsolidatedfinancialinformationhasbeenpreparedinaccordancewithaccountingprinciplesgenerallyacceptedinJapan)

(Amount:mi”ionyen)
FY2009 FY2010
(Apri11.2008through (Apri11,2009through
Ma「ch31,2009) Ma「ch31,2010)
Valuationandtranslationadjustments
NetunrealizedgalnSOnOthersecurities
Balanceattheendofpreviousperiod 310,604 106,158
Changesofitemsduringtheperiod
Netchangesofitemsotherthanshareholders’equity (204,445) 129,974
Totalchangesofitemsduringtheperiod (204,445) 129,974
Balanceattheendofcurrentperiod 106,158 236,133
DeferredhedgegalnSOrlosses
Balanceattheendofpreviousperiod 867 517
Changesofitemsduringtheperiod
Netchangesofitemsotherthanshareholders’equity (349) (331)

Totalchangesofitemsduringtheperiod (349) (331)

BaIanceattheendofcurrentperiod 517 186


Tota[valuationandtranslationadjustments
Balanceattheendofpreviousperiod 311,472 106,676
Changesofitemsduringtheperiod
NetchangesofitemsotherthansharehoIders’equity (204,795) 129,643
Totalchangesofitemsduringtheperiod (204,795) 129,643
Ba[anceattheendofcurrentperiod 106,67(∋ 236.319
StockacqulSitionrights
Balanceattheendofpreviousperiod 4,183 7,055
Changesofitemsduringtheperiod
Netchangesofitemsotherthanshareholders’equity 2,872 2,093
Totalchangesofitemsduringtheperiod 2,872 2,093
Balanceattheendofcurrentperiod 7,055 9,149
Total netassets
Balanceattheendofpreviousperiod 7,302,401 6,651,917
Changesofitemsduringtheperiod
Dividendspaid (439,991) (172,476)
Netincome 56,649 26,188
Purchaseofcommonstock (73,901) (165)

Reissuanceofcommonstock 8,681 491


NetchangesofitemsotherthansharehoIders’equity (201,922) 131,736
Totalchangesofitemsduringtheperiod (650,484) (14,224)

BalanceattheendofcurTentPeriod 6,651,917 6,637,692

30

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