Toyota (NYSE: TM) grows FY2026 sales as profits fall and FY2027 guidance softens

Q: How did Toyota Motor Corporation (TM) perform financially in FY2026?

Toyota increased FY2026 sales revenues to ¥50,684.9 billion , up 5.5% year over year, but operating income fell to ¥3,766.2 billion and net income attributable to Toyota declined to ¥3,848.0 billion , reflecting higher expenses and other cost pressures despite higher vehicle sales.

Q: What were Toyota (TM)’s key profitability and margin trends in FY2026?

Toyota’s FY2026 operating margin fell from 10.0% to 7.4% , while the net income margin attributable to Toyota decreased from 9.9% to 7.6% . These shifts came as operating income dropped 21.5% and net income declined 19.2% despite solid top-line growth and higher global unit sales.

Q: What was Toyota (TM)’s cash flow and cash position at the end of FY2026?

In FY2026, Toyota generated ¥5,472.9 billion in net cash from operating activities, up strongly from the prior year. Cash and cash equivalents at year-end rose to ¥12,659.6 billion , a 40.9% increase, giving the company a larger liquidity buffer for operations and investment plans.

Q: What dividends did Toyota (TM) pay for FY2026 and forecast for FY2027?

Toyota paid total FY2026 cash dividends of ¥95.00 per common share, up from ¥90.00 in FY2025, with annual dividend cash outlays of ¥1,238.2 billion . For FY2027, the company forecasts a higher full-year dividend of ¥100.00 per share, continuing its stable increase policy.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

6-K

Rhea-AI Filing Summary

Toyota Motor Corporation reported FY2026 results with higher sales but lower profit and a weaker outlook for FY2027. Sales revenues rose to ¥50,684.9 billion, up 5.5%, while operating income fell to ¥3,766.2 billion, a drop of 21.5%, and net income attributable to Toyota declined 19.2% to ¥3,848.0 billion.

Earnings were hit by higher expenses and a negative impact of U.S. tariffs of ¥1,380.0 billion, partly offset by marketing gains and volume growth. Cash flow from operating activities strengthened to ¥5,472.9 billion, lifting year-end cash and cash equivalents to ¥12,659.6 billion. Despite lower profits, the annual dividend increased from ¥90.00 to ¥95.00 per share, with a FY2027 forecast of ¥100.00 per share.

For FY2027, Toyota forecasts flat sales revenues of ¥51,000.0 billion but expects operating income to fall further to ¥3,000.0 billion and net income attributable to Toyota to decline to ¥3,000.0 billion, reflecting additional cost pressures and regional headwinds.

Positive

None.

Negative

Margin compression and weaker outlook: FY2026 operating income declined 21.5% to ¥3,766.2 billion and net income attributable to Toyota fell 19.2% to ¥3,848.0 billion. FY2027 guidance projects further declines, with operating income of ¥3,000.0 billion and net income of ¥3,000.0 billion.

Insights

Revenue grew and cash flow improved, but margins compressed sharply and guidance points to further earnings pressure.

Toyota grew FY2026 sales revenues to ¥50,684.9 billion, up 5.5%, with global unit sales rising 2.5% to 9,595 thousand vehicles. However, operating income fell 21.5% to ¥3,766.2 billion and net income attributable to Toyota dropped 19.2% to ¥3,848.0 billion, as higher expenses and other cost items outweighed volume and pricing benefits.

Management quantified the negative impact of U.S. tariffs on FY2026 consolidated operating income at ¥1,380.0 billion. The analysis of operating income shows a ¥2,030.0 billion drag from increased expenses and reduction efforts, only partly offset by marketing improvements of ¥710.0 billion. Segment data highlight a swing to an operating loss of ¥192.5 billion in North America despite higher revenues.

Cash generation was robust: net cash provided by operating activities rose to ¥5,472.9 billion, and cash and cash equivalents ended FY2026 at ¥12,659.6 billion. For FY2027, Toyota guides to broadly flat sales revenues of ¥51,000.0 billion but expects operating income to decline to ¥3,000.0 billion and net income attributable to Toyota to fall to ¥3,000.0 billion. The company still plans to raise the annual dividend from ¥95 to ¥100 per share, indicating a continued emphasis on shareholder returns within a lower-margin environment.

Key Figures

Sales revenues FY2026: ¥50,684.9 billion Operating income FY2026: ¥3,766.2 billion Net income attributable to Toyota FY2026: ¥3,848.0 billion +5 more

8 metrics

Sales revenues FY2026 ¥50,684.9 billion Consolidated sales revenues for FY2026, up 5.5% year over year

Operating income FY2026 ¥3,766.2 billion Consolidated operating income for FY2026, down 21.5% year over year

Net income attributable to Toyota FY2026 ¥3,848.0 billion Net income attributable to Toyota Motor Corporation, down 19.2% year over year

EPS FY2026 ¥295.25 per share Basic and diluted earnings per share attributable to Toyota for FY2026

Operating cash flow FY2026 ¥5,472.9 billion Net cash provided by operating activities for FY2026

Cash and cash equivalents ¥12,659.6 billion Cash and cash equivalents at end of FY2026, up 40.9% from prior year

U.S. tariffs impact ¥1,380.0 billion Negative impact of U.S. tariffs on consolidated operating income for FY2026

FY2027 forecast operating income ¥3,000.0 billion Forecast consolidated operating income for fiscal year ending March 31, 2027

Key Terms

operating income, comprehensive income, assets held for sale, IFRS Accounting Standards, +2 more

6 terms

operating income financial

"Operating income | 4,795,586 | 3,766,216"

Operating income is the profit a company earns from its regular business activities after subtracting the costs directly related to running the business, such as wages, rent, and supplies. It shows how well the core operations are performing, ignoring income or expenses from non-regular activities like investments or one-time events. Investors use it to assess the company's efficiency and profitability from its main work.

comprehensive income financial

"Comprehensive income | 4,043,724 | 5,515,705"

Comprehensive income is the total change in a company’s value in a reporting period that comes from everyday operations plus other gains or losses not shown on the regular profit-and-loss statement. Think of net income as the visible money earned this year and comprehensive income as that money plus hidden adjustments—such as currency swings, unrealized gains or losses on investments, and pension revaluations—that also affect shareholders’ stake and help investors see the fuller financial picture.

assets held for sale financial

"are presented at the end of the current consolidated fiscal year as assets held for sale"

Assets held for sale are things a company has decided to sell and has reclassified on its balance sheet to show they are being marketed rather than used in daily operations — like putting a house on the market instead of living in it. This matters to investors because these items are measured based on expected sale proceeds (which can reveal likely gains or losses), stop being treated as regular operating assets, and signal upcoming cash inflows or a change in strategy that can affect the company’s financial health and stock value.

IFRS Accounting Standards regulatory

"Consolidated financial information has been prepared in accordance with IFRS Accounting Standards"

International Financial Reporting Standards (IFRS) are a set of common rules for preparing company financial reports so numbers like profit, assets and debt are presented consistently across countries. Think of them as a standardized recipe or blueprint that helps investors compare businesses the same way they would compare cars using the same list of features; consistent reporting reduces surprises and makes it easier to assess value, risk and performance.

electrified vehicles financial

"Electrified Vehicle [%] 4,732 5,040 106.5%"

Vehicles that use one or more electric motors to provide some or all of their driving power, ranging from battery-only models to plug-in hybrids and mild hybrids where an electric motor assists a traditional engine. Investors watch electrified vehicles because they shift demand for fuel, batteries, raw materials, charging networks and suppliers, reshaping profit pools and which companies gain or lose market share—like replacing a gasoline-only car with one that has an electric boost.

equity method financial

"Share of profit (loss) of investments accounted for using the equity method"

An equity method investment is an accounting approach used when a company owns enough of another business to influence its decisions but not control it (commonly around 20–50% ownership). Instead of counting only dividends, the investor records its share of the other company’s profits and losses on its own income statement and adjusts the investment’s value on the balance sheet—like tracking a friend’s joint project by noting your share of their gains or setbacks. For investors, this matters because it can significantly affect reported earnings, asset values, and the apparent strength of a company’s financial results.

Earnings Snapshot

Sales revenues: ¥50,684.9 billion · Guidance included

FY2026 (April 1, 2025 through March 31, 2026)

Sales revenues ¥50,684.9 billion +5.5% year over year

Operating income ¥3,766.2 billion -21.5% year over year

Net income attributable to Toyota ¥3,848.0 billion -19.2% year over year

Basic EPS ¥295.25 down from ¥359.56 in FY2025

Guidance

For FY2027, Toyota forecasts sales revenues of ¥51,000.0 billion, operating income of ¥3,000.0 billion, and net income attributable to Toyota of ¥3,000.0 billion, all lower in profit terms than FY2026 despite slightly higher revenue.

Form 6-K: How Foreign Companies Report to the SEC →

05/08/2026 - 07:52 AM

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

Report of Foreign Private Issuer

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

the Securities Exchange Act of 1934

For the month of May, 2026

Commission File Number 001-14948

Toyota Motor Corporation

(Translation of Registrant’s Name Into English)

1, Toyota-cho, Toyota City,

Aichi Prefecture 471-8571,

Japan

(Address of Principal Executive Offices)

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

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

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

Material Contained in this Report:

I.	English translations of the original Japanese-language documents, as filed with the Tokyo Stock Exchange on May 8, 2026, with respect to the registrant’s results of operations for the fiscal year ended March 31, 2026.

II.	English translations of the FY2026 Presentation Documents, as filed by the registrant with the Tokyo Stock Exchange on May 8, 2026.

III.	English translation of the Notice Concerning the Holding of Ordinary General Shareholders’ Meeting to be held on June 17, 2026, as filed by the registrant with the Tokyo Stock Exchange on May 8, 2026.

IV.	English translation of the Notice Concerning the Disposition of Treasury Stock under the Restricted Stock Compensation Plan, as filed by the registrant with the Tokyo Stock Exchange on May 8, 2026.

SIGNATURES

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


Toyota Motor Corporation

By:	/s/ Yoshihide Moriyama
	Name:	Yoshihide Moriyama
	Title:	General Manager,
		Capital Strategy & Affiliated Companies
		Finance Division

Date: May 8, 2026

FINANCIAL SUMMARY

FY2026

(April 1, 2025 through March 31, 2026)

English translation from the original Japanese-language document

TOYOTA MOTOR CORPORATION

FY2026 Consolidated Financial Results

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

English translation from the original Japanese-language document

May 8, 2026


Company name	:	Toyota Motor Corporation
Stock exchanges on which the shares are listed	:	Tokyo and Nagoya Stock Exchanges in Japan
Code number	:	7203
URL	:	https://global.toyota/jp/
Representative	:	Yoichi Miyazaki, Executive Vice President
Contact person	:	Katsuhiro Mori, General Manager, Accounting Division Tel. (0565)28-2121
Date of the ordinary general shareholders’ meeting	:	June 17, 2026
Payment date of cash dividends	:	May 26, 2026
Filing date of financial statements	:	June 10, 2026
Supplemental materials prepared for financial results	:	yes
Earnings announcement for financial results	:	yes

(Amounts are rounded to the nearest million yen)

1.	Consolidated Results for FY2026 (April 1,2025 through March 31, 2026)

(1)	Consolidated financial results


	(% of change from previous year)
	Sales revenues				Operating income				Income before income taxes				Net income				Net income attributable to Toyota Motor Corporation				Comprehensive income
	Million yen		%		Million yen		%		Million yen		%		Million yen		%		Million yen		%		Million yen		%
FY2026		50,684,952		5.5		3,766,216		-21.5		5,152,996		-19.7		3,985,761		-16.8		3,848,098		-19.2		5,515,705		36.4
FY2025		48,036,704		6.5		4,795,586		-10.4		6,414,590		-7.9		4,789,755		-5.6		4,765,086		-3.6		4,043,724		-43.7


	Earnings per share attributable to Toyota Motor Corporation - Basic		Earnings per share attributable to Toyota Motor Corporation - Diluted		Ratio of net income attributable to Toyota Motor Corporation to Toyota Motor Corporation shareholders’ equity		Ratio of income before income taxes and equity in earnings of affiliated companies to total assets		Ratio of operating income to sales revenues
	Yen		Yen		%		%		%
FY2026		295.25		295.25		10.1		5.2		7.4
FY2025		359.56		359.56		13.6		7.0		10.0

(Reference) Share of profit (loss) of investments accounted for using the equity method

FY2026 552,742 million yen, FY2025 591,219 million yen

(2)	Consolidated financial position


	Total assets		Total shareholders’ equity		Toyota Motor Corporation shareholders’ equity		Ratio of Toyota Motor Corporation shareholders’ equity		Toyota Motor Corporation shareholders’ equity per share
	Million yen		Million yen		Million yen		%		Yen
FY2026		105,522,331		41,020,068		39,918,854		37.8		3,062.82
FY2025		93,601,350		36,878,913		35,924,826		38.4		2,753.09

(3)	Consolidated cash flows


	From operating activities		From investing activities			From financing activities			Cash and cash equivalents at end of year
	Million yen		Million yen			Million yen			Million yen
FY2026		5,472,920		(1,520,307	)		(536,659	)		12,659,622
FY2025		3,696,934		(4,189,736	)		197,236			8,982,404

2.	Cash Dividends


	Annual cash dividends per common share										Total amount of cash dividends (annual)		Dividends payout ratio (consolidated)		Ratio of total amount of dividends to Toyota Motor Corporation shareholders’ equity (consolidated)
	End of first quarter		End of second quarter		End of third quarter		Year-end		Total		Total amount of cash dividends (annual)		Dividends payout ratio (consolidated)
	Yen		Yen		Yen		Yen		Yen		Million yen		%		%
FY2025		—		40.00		—		50.00		90.00		1,178,437		25.0		3.4
FY2026		—		45.00		—		50.00		95.00		1,238,224		32.1		3.3
FY2027 (forecast)		—		50.00		—		50.00		100.00				39.8

3.	Forecast of Consolidated Results for FY2027 (April 1, 2026 through March 31, 2027)


	(% of change from FY2026)
	Sales revenues			Operating income			Income before income taxes			Net income attributable to Toyota Motor Corporation			Earnings per share attributable to Toyota Motor Corporation - Basic
	Million yen	%		Million yen	%		Million yen	%		Million yen	%		Yen
Full-year	51,000,000		0.6	3,000,000		-20.3	4,230,000		-17.9	3,000,000		-22.0	251.25

Notes

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

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

(i)

Changes in accounting policies required by IFRS Accounting Standards: none

(ii)

Changes other than (2)-(i) above: none

(iii)

Changes in accounting estimates: none

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

(i)

Number of shares issued and outstanding at the end of each fiscal year (including treasury stock) :

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

(ii)

Number of treasury stock at the end of each fiscal year:

FY2026 2,761,602,986 shares, FY2025 2,746,057,686 shares

(iii)

Average number of shares issued and outstanding in each fiscal year:

FY2026 13,033,273,748 shares, FY2025 13,252,455,897 shares


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

(Reference)Overview of the Unconsolidated Financial Results

FY2026 Unconsolidated Financial Results

(Unconsolidated financial information has been prepared in accordance with Japanese generally accepted accounting principles)

English translation from the original Japanese-language document

1. Unconsolidated Results for FY2026 (April 1, 2025 through March 31, 2026)

(1)	Unconsolidated financial results


	(% of change from previous year)
	Net revenues				Operating income				Ordinary income				Net income
	Million yen		%		Million yen		%		Million yen		%		Million yen		%
FY2026		18,259,979		-0.1		1,805,389		-39.1		4,197,319		-7.5		3,392,326		-11.8
FY2025		18,277,671		4.0		2,966,857		-4.1		4,538,037		-18.7		3,845,213		-12.6


	Net income per common share - Basic		Net income per common share - Diluted
	Yen		Yen
FY2026		260.28		260.28
FY2025		290.15		290.15

(2)	Unconsolidated financial position


	Total assets		Net assets		Equity ratio		Net assets per common share
	Million yen		Million yen		%		Yen
FY2026		31,656,325		23,664,924		74.8		1,815.72
FY2025		29,046,699		21,504,804		74.0		1,648.01

(Reference)Equity at the end of FY2026: 23,664,924 million yen, Equity at the end of FY2025: 21,504,804 million yen

These consolidated financial results are not subject to certified public accountant’s or audit firm’s audit.

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

This report contains forward-looking statements that reflect the plans and expectations of Toyota Motor Corporation and its consolidated subsidiaries (“Toyota”). These forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause Toyota’s actual results, performance, achievements or financial position to be materially different from any future results, performance, achievements or financial position expressed or implied by these forward-looking statements. With regard to Toyota’s decisions and assumptions for the forecast, please refer to “ Financial Results and Position 3. Forecast of Consolidated Financial Results for FY2027” on page 5 of the materials accompanying this report. These factors include, but are not limited to: (i) changes in economic conditions, market demand, and the competitive environment affecting the automotive markets in Japan, North America, Europe, Asia and other markets in which Toyota operates; (ii) fluctuations in currency exchange rates, particularly with respect to the value of the Japanese yen, the U.S. dollar, the euro, the Australian dollar, the Canadian dollar and the British pound, fluctuations in stock prices, and interest rates fluctuations; (iii) changes in funding environment in financial markets and increased competition in the financial services industry; (iv) Toyota’s ability to market and distribute effectively; (v) Toyota’s ability to realize production efficiencies and to implement capital expenditures at the levels and times planned by management; (vi) changes in the laws and regulations, as well as other government actions, in the markets in which Toyota operates that affect Toyota’s operations, particularly laws, regulations and government actions relating to vehicle safety including remedial measures such as recalls, environmental protection, vehicle emissions and vehicle fuel economy, and tariffs and other trade policies, as well as current and future litigation and other legal proceedings, government proceedings and investigations; (vii) political and economic instability in the markets in which Toyota operates; (viii) Toyota’s ability to timely develop and achieve market acceptance of new products that meet customer demand; (ix) any damage to Toyota’s brand image; (x) Toyota’s reliance on various suppliers for the provision of supplies; (xi) increases in prices of raw materials; (xii) Toyota’s reliance on various digital and information technologies, as well as information security; (xiii) fuel shortages or interruptions in electricity, transportation systems, labor strikes, work stoppages or other interruptions to, or difficulties in, the employment of labor in the major markets where Toyota purchases materials, components and supplies for the production of its products or where its products are produced, distributed or sold; (xiv) the impact of natural calamities, epidemics, political and economic instability, fuel shortages or interruptions in social infrastructure, wars, terrorism and labor strikes, including their negative effect on Toyota’s vehicle production and sales; (xv) the impact of climate change and the transition towards a low-carbon economy; and (xvi) the ability of Toyota to hire or retain sufficient human resources.

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

The negative impact of U.S. tariffs on consolidated operating income for FY2026 was 1,380.0 billion yen.

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

“Toyota Times” (https://toyotatimes.jp/en/)

TOYOTA MOTOR CORPORATION FY2026 Financial Summary

TABLE OF CONTENTS


Financial Results and Position			2
1. Consolidated Financial Results for FY2026			2
2. Consolidated Financial Position for FY2026			4
3. Forecast of Consolidated Financial Results for FY2027			5
Basic Concept Regarding the Selection of Accounting Standards			6
Unaudited Consolidated Financial Statements			7
1. Unaudited Consolidated Statement of Financial Position			7
2. Unaudited Consolidated Statement of Income and Unaudited Consolidated Statement of Comprehensive Income			9
3. Unaudited Consolidated Statement of Changes in Equity			11
4. Unaudited Consolidated Statement of Cash Flows			12
5. Notes to Unaudited Consolidated Financial Statements			13
(1) Going Concern Assumption			13
(2) Segment Information			13
(3) Assets Held for Sale			20
(4) Earnings Per Share			21
(5) Significant Subsequent Events			21

Supplemental Material for Financial Results for FY2026

-1-

TOYOTA MOTOR CORPORATION FY2026 Financial Summary

Financial Results and Position

1. Consolidated Financial Results for FY2026

Financial Results

Under the task of “make ever-better cars,” Toyota has worked on “product-centered and region-centered management” for many years, and through this approach, we have built a full product lineup and a global business foundation. Leveraging these foundations, during FY2026, we continued strengthening the “work foundation,” beginning with ensuring safety and quality, while striving to deliver better cars to customers around the world.In addition, in order to fulfill our mission of “producing happiness for all” through the offering of a diverse range of mobility options, we have advanced various technological developments and infrastructure-building initiatives aimed at transforming into a mobility company, under the Toyota Mobility Concept.

Under these conditions, global consolidated vehicle unit sales increased by 232 thousand units, or 2.5%, to 9,595 thousand units in FY2026 compared with FY2025. Vehicle unit sales in Japan increased by 91 thousand units, or 4.6%, to 2,082 thousand units in FY2026 compared with FY2025. Overseas vehicle unit sales increased by 142 thousand units, or 1.9%, to 7,513 thousand units in FY2026 compared with FY2025.

The results of operations for FY2026 were as follows:


Sales revenues	50,684.9 billion yen	(an increase of 2,648.2 billion yen or 5.5% compared with FY2025)

Operating income	3,766.2 billion yen	(a decrease of 1,029.3 billion yen or 21.5% compared with FY2025)

Income before income taxes	5,152.9 billion yen	(a decrease of 1,261.5 billion yen or 19.7% compared with FY2025)

Net income attributable to Toyota Motor Corporation	3,848.0 billion yen	(a decrease of 916.9 billion yen or 19.2% compared with FY2025)

The changes in operating income were as follows:


Marketing efforts		an increase of 710.0 billion yen

Effects of changes in exchange rates		a decrease of 195.0 billion yen

Cost reduction efforts		a decrease of 120.0 billion yen

Increase or decrease in expenses and expense reduction efforts		a decrease of 2,030.0 billion yen

Other		an increase of 605.7 billion yen

-2-

TOYOTA MOTOR CORPORATION FY2026 Financial Summary

Segment Operating Results

(1) Automotive:

Sales revenues for the automotive operations segment increased by 2,217.8 billion yen, or 5.1%, to 45,417.7 billion yen in FY2026 compared with FY2025. However, operating income decreased by 1,163.2 billion yen, or 29.5%, to 2,777.0 billion yen in FY2026 compared with FY2025. The decrease in operating income was mainly due to the increase in expenses and others.

(2) Financial services:

Sales revenues for the financial services operations segment increased by 375.9 billion yen, or 8.4%, to 4,857.1 billion yen in FY2026 compared with FY2025, and operating income increased by 168.2 billion yen, or 24.6%, to 851.7 billion yen in FY2026 compared with FY2025. The increase in operating income was mainly due to increase in valuation gains on interest rate swaps in sales finance subsidiaries in the United States.

(3) All other:

Sales revenues for all other businesses increased by 204.2 billion yen, or 14.1%, to 1,651.4 billion yen in FY2026 compared with FY2025. However, operating income decreased by 49.1 billion yen, or 27.1%, to 132.0 billion yen in FY2026 compared with FY2025.

Geographic Information

(1) Japan:

Sales revenues in Japan increased by 215.0 billion yen, or 1.0%, to 22,074.1 billion yen in FY2026 compared with FY2025. However, operating income decreased by 830.0 billion yen, or 26.3%, to 2,321.0 billion yen in FY2026 compared with FY2025. The decrease in operating income was mainly due to the increase in expenses and others.

(2) North America:

Sales revenues in North America increased by 1,779.3 billion yen, or 9.2%, to 21,079.6 billion yen in FY2026 compared with FY2025. However, operating income decreased by 301.3 billion yen to an operating loss of 192.5 billion yen in FY2026 compared with FY2025. The decrease in operating income was mainly due to the increase in expenses and others.

(3) Europe:

Sales revenues in Europe increased by 387.7 billion yen, or 6.1%, to 6,701.1 billion yen in FY2026 compared with FY2025. However, operating income decreased by 57.8 billion yen, or 13.9%, to 357.7 billion yen in FY2026 compared with FY2025. The decrease in operating income was mainly due to the effects of changes in exchange rates.

(4) Asia:

Sales revenues in Asia increased by 283.3 billion yen, or 3.2%, to 9,271.3 billion yen in FY2026 compared with FY2025. However, operating income decreased by 26.6 billion yen, or 3.0%, to 869.8 billion yen in FY2026 compared with FY2025. The decrease in operating income was mainly due to the effects of changes in exchange rates.

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

Sales revenues in other regions increased by 237.7 billion yen, or 5.3%, to 4,758.9 billion yen in FY2026 compared with FY2025, and operating income increased by 76.3 billion yen, or 30.2%, to 328.9 billion yen in FY2026 compared with FY2025. The increase in operating income was mainly due to marketing efforts.

-3-

TOYOTA MOTOR CORPORATION FY2026 Financial Summary

2. Consolidated Financial Position for FY2026

Financial Position

The financial position for FY2026 was as follows:

Total assets increased by 11,920.9 billion yen, or 12.7%, to 105,522.3 billion yen at the end of FY2026 compared with the end of FY2025. Liabilities increased by 7,779.8 billion yen, or 13.7%, to 64,502.2 billion yen at the end of FY2026 compared with the end of FY2025. Shareholders’ equity increased by 4,141.1 billion yen, or 11.2%, to 41,020.0 billion yen at the end of FY2026 compared with the end of FY2025.

Overview of Cash Flow

Cash and cash equivalents increased by 3,677.2 billion yen, or 40.9%, to 12,659.6 billion yen at the end of FY2026 compared with the end of FY2025.

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

Cash flows from operating activities

Net cash flows from operating activities resulted in an increase in cash of 5,472.9 billion yen in FY2026. Net cash provided by operating activities increased by 1,775.9 billion yen from 3,696.9 billion yen in FY2025.

Cash flows from investing activities

Net cash flows from investing activities resulted in a decrease in cash of 1,520.3 billion yen in FY2026, compared with net cash used in investing activities of 4,189.7 billion yen in FY2025, representing a 2,669.4 billion yen change.

Cash flows from financing activities

Net cash flows from financing activities resulted in a decrease in cash of 536.6 billion yen in FY2026. Net cash flows from financing activities changed by a decrease of 733.8 billion yen compared with an increase of 197.2 billion yen in FY2025.

The consolidated cash flows by segment for FY2026 are as follows:

Non-financial services

Net cash provided by operating activities was 5,479.3 billion yen, net cash provided by investing activities was 14.9 billion yen and net cash used in financing activities was 1,760.5 billion yen.

Financial services

Net cash used in operating activities was 33.7 billion yen, net cash used in investing activities was 1,478.3 billion yen and net cash provided by financing activities was 1,194.2 billion yen.

-4-

TOYOTA MOTOR CORPORATION FY2026 Financial Summary

3. Forecast of Consolidated Financial Results for FY2027

In 2024 and 2025, we faced certification issues and a lack of capacity head-on and reinforced our operational foundations. As a result, we have rigorously enhanced safety and quality and secured additional capacity, which has stabilized production. On the other hand, we have recently seen a significant rise in our break-even volume due to a combination of increases in investments in human resources and future-oriented investments and the impact of U.S. tariffs.

Therefore, we have begun Companywide measures. First, we will increase earnings by reforming fixed costs, achieving cost improvements, and initiating sales initiatives in all regions, groups, and in-house companies. Additionally, to boost productivity even further, we will encourage employees to reexamine their ways of working and pursue efficient, value-added work.

Under these circumstances, the current forecast of consolidated financial results for the fiscal year ending March 31, 2027 is set forth below. This forecast assumes average exchange rates through the fiscal year of 150 yen per US$1 and 180 yen per 1 euro.

Forecast of consolidated results for FY2027


Sales revenues	51,000.0 billion yen	(an increase of 0.6% compared with FY2026)

Operating income	3,000.0 billion yen	(a decrease of 20.3% compared with FY2026)

Income before income taxes	4,230.0 billion yen	(a decrease of 17.9% compared with FY2026)

Net income attributable to Toyota Motor Corporation	3,000.0 billion yen	(a decrease of 22.0% compared with FY2026)

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

-5-

TOYOTA MOTOR CORPORATION FY2026 Financial Summary

Basic Concept Regarding the Selection of Accounting Standards

Toyota has adopted IFRS for its consolidated financial statements in order to improve the international comparability of its financial information in the capital markets, among other reasons, beginning with the first quarter of the fiscal year ended March 31, 2021.

-6-

TOYOTA MOTOR CORPORATION FY2026 Financial Summary

Unaudited Consolidated Financial Statements

1. Unaudited Consolidated Statement of Financial Position


	Yen in millions
	March 31, 2025			March 31, 2026
Assets
Current assets
Cash and cash equivalents		8,982,404			12,659,622
Trade accounts and other receivables		3,679,722			3,795,986
Receivables related to financial services		11,453,249			13,478,474
Other financial assets		6,935,759			3,982,445
Inventories		4,598,232			5,134,996
Income tax receivable		216,528			235,425
Other current assets		1,212,783			1,520,330

Subtotal		37,078,676			40,807,277

Assets held for sale		—			2,016,804

Total current assets		37,078,676			42,824,081

Non-current assets
Investments accounted for using the equity method		5,798,051			5,342,548
Receivables related to financial services		22,171,786			25,488,182
Other financial assets		9,882,841			11,135,799
Property, plant and equipment
Land		1,428,122			1,351,625
Buildings		6,170,063			6,284,907
Machinery and equipment		16,621,243			17,509,377
Vehicles and equipment on operating leases		8,051,945			9,705,647
Construction in progress		1,596,145			1,719,808

Total property, plant and equipment, at cost		33,867,518			36,571,364

Less - Accumulated depreciation and impairment losses		(18,533,826	)		(19,504,000	)

Total property, plant and equipment, net		15,333,693			17,067,365

Right of use assets		583,068			901,232
Intangible assets		1,363,266			1,392,755
Deferred tax assets		517,869			555,596
Other non-current assets		872,101			814,773

Total non-current assets		56,522,674			62,698,250

Total assets		93,601,350			105,522,331

-7-

TOYOTA MOTOR CORPORATION FY2026 Financial Summary


	Yen in millions
	March 31, 2025			March 31, 2026
Liabilities
Current liabilities
Trade accounts and other payables		5,527,347			5,856,945
Short-term and current portion of long-term debt		15,829,516			17,581,104
Accrued expenses		1,827,933			2,112,571
Other financial liabilities		1,869,117			2,384,008
Income taxes payable		505,500			711,675
Liabilities for quality assurance		1,965,748			2,097,943
Provisions		413,352			431,191
Other current liabilities		1,495,707			1,735,034

Subtotal		29,434,220			32,910,472

Liabilities directly associated with assets held for sale		—			694,547

Total current liabilities		29,434,220			33,605,019

Non-current liabilities
Long-term debt		22,963,363			25,624,365
Other financial liabilities		435,594			1,157,413
Retirement benefit liabilities		1,019,568			1,022,483
Deferred tax liabilities		1,659,433			1,584,505
Provisions		301,103			498,463
Other non-current liabilities		909,156			1,010,015

Total non-current liabilities		27,288,217			30,897,244

Total liabilities		56,722,437			64,502,263

Shareholders’ equity
Common stock		397,050			397,050
Additional paid-in capital		492,368			456,742
Retained earnings		35,841,218			38,709,858
Other components of equity		3,610,133			4,544,019
Other comprehensive income associated with assets held for sale		—			266,596
Treasury stock		(4,415,943	)		(4,455,410	)

Total Toyota Motor Corporation shareholders’ equity		35,924,826			39,918,854

Non-controlling interests		954,088			1,101,214

Total shareholders’ equity		36,878,913			41,020,068

Total liabilities and shareholders’ equity		93,601,350			105,522,331

-8-

TOYOTA MOTOR CORPORATION FY2026 Financial Summary

2. Unaudited Consolidated Statement of Income and Unaudited Consolidated Statement of Comprehensive Income

Unaudited Consolidated Statement of Income


	Yen in millions
	For the year ended March 31, 2025			For the year ended March 31, 2026
Sales revenues
Sales of products		43,598,877			45,865,949
Financial services		4,437,827			4,819,003

Total sales revenues		48,036,704			50,684,952

Costs and expenses
Cost of products sold		35,510,157			39,141,418
Cost of financial services		2,948,509			3,079,794
Selling, general and administrative		4,782,452			4,697,524

Total costs and expenses		43,241,118			46,918,736

Operating income		4,795,586			3,766,216

Share of profit (loss) of investments accounted for using the equity method		591,219			552,742
Other finance income		556,700			594,243
Other finance costs		(190,711	)		(86,746	)
Foreign exchange gain (loss), net		705,292			400,780
Other income (loss), net		(43,497	)		(74,239	)

Income before income taxes		6,414,590			5,152,996

Income tax expense		1,624,835			1,167,234

Net income		4,789,755			3,985,761

Net income attributable to
Toyota Motor Corporation		4,765,086			3,848,098
Non-controlling interests		24,670			137,664

Net income		4,789,755			3,985,761


	Yen
Earnings per share attributable to Toyota Motor Corporation
Basic and Diluted		359.56			295.25

-9-

TOYOTA MOTOR CORPORATION FY2026 Financial Summary

Unaudited Consolidated Statement of Comprehensive Income


	Yen in millions
	For the year ended March 31, 2025			For the year ended March 31, 2026
Net income		4,789,755			3,985,761
Other comprehensive income, net of tax
Items that will not be reclassified to profit (loss)
Net changes in revaluation of financial assets measured at fair value through other comprehensive income		102,129			351,684
Remeasurements of defined benefit plans		(109,598	)		101,352
Share of other comprehensive income of equity method investees		(63,213	)		22,331

Total of items that will not be reclassified to profit (loss)		(70,682	)		475,366

Items that may be reclassified subsequently to profit (loss)
Exchange differences on translating foreign operations		(827,848	)		946,309
Net changes in revaluation of financial assets measured at fair value through other comprehensive income		31,158			(53,181	)
Share of other comprehensive income of equity method investees		121,340			161,450

Total of items that may be reclassified subsequently to profit (loss)		(675,349	)		1,054,578

Total other comprehensive income, net of tax		(746,031	)		1,529,944

Comprehensive income		4,043,724			5,515,705

Comprehensive income for the period attributable to
Toyota Motor Corporation		4,011,822			5,308,095
Non-controlling interests		31,903			207,610

Comprehensive income		4,043,724			5,515,705

-10-

TOYOTA MOTOR CORPORATION FY2026 Financial Summary

3. Unaudited Consolidated Statement of Changes in Equity

For the year ended March 31, 2025


	Yen in millions
	Common stock		Additional paid-in capital			Retained earnings			Other components of equity			Treasury stock			Toyota Motor Corporation shareholders’ equity			Non- controlling interests			Total shareholders’ equity
Balances at April 1, 2024		397,050		491,802			32,795,365			4,503,756			(3,966,982	)		34,220,991			1,018,347			35,239,338

Comprehensive income
Net income		—		—			4,765,086			—			—			4,765,086			24,670			4,789,755
Other comprehensive income, net of tax		—		—			—			(753,264	)		—			(753,264	)		7,233			(746,031	)

Total comprehensive income		—		—			4,765,086			(753,264	)		—			4,011,822			31,903			4,043,724

Transactions with owners and other
Dividends paid		—		—			(1,132,329	)		—			—			(1,132,329	)		(127,232	)		(1,259,560	)
Repurchase of treasury stock		—		—			—			—			(1,179,043	)		(1,179,043	)		—			(1,179,043	)
Reissuance of treasury stock		—		1,356			—			—			866			2,222			—			2,222
Retirement of treasury stock		—		(1,953	)		(727,264	)		—			729,217			—			—			—
Equity transactions and other		—		1,163			—			—			—			1,163			31,069			32,232

Total transactions with owners and other		—		567			(1,859,593	)		—			(448,961	)		(2,307,987	)		(96,162	)		(2,404,149	)

Reclassification to retained earnings		—		—			140,359			(140,359	)		—			—			—			—

Balances at March 31, 2025		397,050		492,368			35,841,218			3,610,133			(4,415,943	)		35,924,826			954,088			36,878,913

For the year ended March 31, 2026


	Yen in millions
	Common stock		Additional paid-in capital			Retained earnings			Other components of equity			Other comprehen- sive income associated with assets held for sale		Treasury stock			Toyota Motor Corporation shareholders’ equity			Non- controlling interests			Total shareholders’ equity
Balances at April 1, 2025		397,050		492,368			35,841,218			3,610,133			—		(4,415,943	)		35,924,826			954,088			36,878,913

Comprehensive income
Net income		—		—			3,848,098			—			—		—			3,848,098			137,664			3,985,761
Other comprehensive income, net of tax		—		—			—			1,459,998			—		—			1,459,998			69,946			1,529,944

Total comprehensive income		—		—			3,848,098			1,459,998			—		—			5,308,095			207,610			5,515,705

Transactions with owners and other
Dividends paid		—		—			(1,238,974	)		—			—		—			(1,238,974	)		(125,416	)		(1,364,389	)
Repurchase of treasury stock		—		—			—			—			—		(39,975	)		(39,975	)		—			(39,975	)
Reissuance of treasury stock		—		1,358			—			—			—		508			1,866			—			1,866
Retirement of treasury stock		—		—			—			—			—		—			—			—			—
Equity transactions and other		—		(36,984	)		—			—			—		—			(36,984	)		64,932			27,948

Total transactions with owners and other		—		(35,626	)		(1,238,974	)		—			—		(39,467	)		(1,314,067	)		(60,483	)		(1,374,550	)

Reclassification to retained earnings		—		—			259,516			(259,516	)		—		—			—			—			—

Transfer to other comprehensive income associated with assets held for sale		—		—			—			(266,596	)		266,596		—			—			—			—

Balances at March 31, 2026		397,050		456,742			38,709,858			4,544,019			266,596		(4,455,410	)		39,918,854			1,101,214			41,020,068

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TOYOTA MOTOR CORPORATION FY2026 Financial Summary

4. Unaudited Consolidated Statement of Cash Flows


	Yen in millions
	For the year ended March 31, 2025			For the year ended March 31, 2026
Cash flows from operating activities
Net income		4,789,755			3,985,761
Depreciation and amortization		2,251,233			2,392,519
Interest income and interest costs related to financial services, net		(747,742	)		(809,088	)
Share of profit (loss) of investments accounted for using the equity method		(591,219	)		(552,742	)
Income tax expense		1,624,835			1,167,234
Changes in operating assets and liabilities, and other		(2,815,549	)		(976,558	)
(Increase) decrease in trade accounts and other receivables		55,139			(539,370	)
(Increase) decrease in receivables related to financial services		(2,389,665	)		(2,017,214	)
(Increase) decrease in inventories		(70,654	)		(468,883	)
(Increase) decrease in other current assets		(462,114	)		(175,944	)
Increase (decrease) in trade accounts and other payables		362,924			378,798
Increase (decrease) in other current liabilities		659,088			1,477,356
Increase (decrease) in retirement benefit liabilities		17,377			153,351
Other, net		(987,645	)		215,348
Interest received		2,672,724			2,760,711
Dividends received		623,295			430,774
Interest paid		(1,609,083	)		(1,685,013	)
Income taxes paid, net of refunds		(2,501,315	)		(1,240,680	)

Net cash provided by (used in) operating activities		3,696,934			5,472,920

Cash flows from investing activities
Additions to fixed assets excluding equipment leased to others		(1,906,811	)		(2,148,192	)
Additions to equipment leased to others		(2,996,920	)		(2,766,352	)
Proceeds from sales of fixed assets excluding equipment leased to others		70,821			31,242
Proceeds from sales of equipment leased to others		1,707,899			1,355,605
Additions to intangible assets		(354,196	)		(378,804	)
Additions to public and corporate bonds and stocks		(3,965,550	)		(4,290,671	)
Proceeds from sales of public and corporate bonds and stocks		1,035,922			739,503
Proceeds upon maturity of public and corporate bonds		2,713,649			4,778,059
Other, net		(494,551	)		1,159,304

Net cash provided by (used in) investing activities		(4,189,736	)		(1,520,307	)

Cash flows from financing activities
Increase (decrease) in short-term debt		75,675			(90,691	)
Proceeds from long-term debt		13,381,581			12,880,225
Payments of long-term debt		(10,872,262	)		(11,956,541	)
Dividends paid to Toyota Motor Corporation common shareholders		(1,132,329	)		(1,238,974	)
Dividends paid to non-controlling interests		(127,232	)		(125,416	)
Reissuance (repurchase) of treasury stock		(1,179,043	)		(39,975	)
Other, net		50,845			34,712

Net cash provided by (used in) financing activities		197,236			(536,659	)

Effect of exchange rate changes on cash and cash equivalents		(134,089	)		377,197

Net increase (decrease) in cash and cash equivalents		(429,656	)		3,793,150

Cash and cash equivalents at beginning of year		9,412,060			8,982,404

Net increase (decrease) in cash and cash equivalents resulting from transfer to assets held for sale		—			(115,932	)

Cash and cash equivalents at end of year		8,982,404			12,659,622

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TOYOTA MOTOR CORPORATION FY2026 Financial Summary

5. Notes to Unaudited Consolidated Financial Statements

(1) Going Concern Assumption

None

(2) Segment Information

(i) Outline of reporting segments

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

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

(ii) Segment Information

As of and for the year ended March 31, 2025


	Yen in millions
	Automotive		Financial services		All other		Inter-segment Elimination/ Unallocated Amount			Consolidated
Sales revenues
Revenues from external customers		42,996,299		4,437,827		602,578		—			48,036,704
Inter-segment revenues and transfers		203,566		43,353		844,536		(1,091,455	)		—

Total		43,199,865		4,481,180		1,447,114		(1,091,455	)		48,036,704
Operating expenses		39,259,587		3,797,661		1,265,920		(1,082,050	)		43,241,118

Operating income		3,940,278		683,519		181,194		(9,405	)		4,795,586

Total assets		30,117,987		46,770,786		2,884,421		13,828,157			93,601,350
Investments accounted for using the equity method		5,201,784		112,640		309,121		174,505			5,798,051
Depreciation and amortization		1,378,107		838,167		34,958		—			2,251,233
Capital expenditures		2,193,872		3,687,890		100,941		8,565			5,991,268

As of and for the year ended March 31, 2026


	Yen in millions
	Automotive		Financial services		All other		Inter-segment Elimination/ Unallocated Amount			Consolidated
Sales revenues
Revenues from external customers		45,201,924		4,819,003		664,026		—			50,684,952
Inter-segment revenues and transfers		215,779		38,112		987,387		(1,241,278	)		—

Total		45,417,703		4,857,115		1,651,412		(1,241,278	)		50,684,952
Operating expenses		42,640,654		4,005,394		1,519,333		(1,246,644	)		46,918,736

Operating income		2,777,049		851,722		132,079		5,366			3,766,216

Total assets		33,182,372		53,741,709		4,066,133		14,532,118			105,522,331
Investments accounted for using the equity method		4,763,577		124,393		304,242		150,336			5,342,548
Depreciation and amortization		1,417,242		920,432		54,846		—			2,392,519
Capital expenditures		2,453,641		3,511,937		64,749		29,452			6,059,779

Accounting policies applied by each segment is in conformity with those of Toyota’s consolidated financial statements.

Unallocated amounts included in assets represent assets held for corporate purpose, which mainly consist of cash and cash equivalents and financial assets measured at fair value through other comprehensive income, and the balances as of March 31, 2025 and March 31, 2026 are 15,643,613 million yen and 16,571,156 million yen, respectively.

-13-

TOYOTA MOTOR CORPORATION FY2026 Financial Summary

(iii) Consolidated Financial Statements on Non-Financial Services Businesses and Financial Services Business

Consolidated Statement of Financial Position on Non-Financial Services Businesses and Financial Services Business


	Yen in millions
	March 31, 2025			March 31, 2026
Assets
(Non-Financial Services Businesses)
Current assets
Cash and cash equivalents		6,090,957			9,885,097
Trade accounts and other receivable		3,689,021			3,835,922
Other financial assets		6,198,376			3,211,041
Inventories		4,588,755			5,120,950
Other current assets		1,034,507			1,288,955
Assets held for sale		—			2,016,804

Total current assets		21,601,616			25,358,768

Non-current assets
Property, plant and equipment, net		9,134,857			9,584,748
Other		17,556,285			18,451,708

Total non-current assets		26,691,142			28,036,455

Total assets		48,292,758			53,395,223

(Financial Services Business)
Current assets
Cash and cash equivalents		2,891,447			2,774,524
Trade accounts and other receivable		410,958			454,168
Receivables related to financial services		11,453,249			13,483,501
Other financial assets		1,443,042			1,544,390
Other current assets		414,216			489,695

Total current assets		16,612,912			18,746,278

Non-current assets
Receivables related to financial services		22,171,786			25,494,405
Property, plant and equipment, net		6,198,838			7,482,619
Other		1,787,250			2,018,407

Total non-current assets		30,157,874			34,995,431

Total assets		46,770,786			53,741,709

(Elimination)
Elimination of assets		(1,462,194	)		(1,614,601	)
(Consolidated)

Total assets		93,601,350			105,522,331

Note: Assets in non-financial services include unallocated corporate assets.

-14-

TOYOTA MOTOR CORPORATION FY2026 Financial Summary


	Yen in millions
	March 31, 2025			March 31, 2026
Liabilities
(Non-Financial Services Businesses)
Current liabilities
Trade accounts and other payables		5,195,204			5,492,355
Short-term and current portion of long-term debt		1,188,430			976,235
Accrued expenses		1,729,279			2,014,207
Income taxes payable		454,252			654,751
Other current liabilities		3,495,075			3,844,179
Liabilities directly associated with assets held for sale		—			694,547

Total current liabilities		12,062,240			13,676,274

Non-current liabilities
Long-term debt		1,547,461			1,823,843
Retirement benefit liabilities		1,001,227			1,002,213
Other non-current liabilities		2,442,382			2,520,522

Total non-current liabilities		4,991,070			5,346,578

Total liabilities		17,053,309			19,022,852

(Financial Services Business)
Current liabilities
Trade accounts and other payables		674,347			777,916
Short-term and current portion of long-term debt		15,111,977			17,042,885
Accrued expenses		137,836			142,451
Income taxes payable		51,248			56,924
Other current liabilities		2,535,501			3,193,333

Total current liabilities		18,510,910			21,213,511

Non-current liabilities
Long-term debt		21,515,873			23,904,821
Retirement benefit liabilities		18,341			20,271
Other non-current liabilities		1,089,654			1,958,944

Total non-current liabilities		22,623,868			25,884,036

Total liabilities		41,134,778			47,097,547

(Elimination)
Elimination of liabilities		(1,465,650	)		(1,618,136	)
(Consolidated)

Total liabilities		56,722,437			64,502,263

Shareholders’ equity

(Consolidated) Total Toyota Motor Corporation shareholders’ equity		35,924,826			39,918,854

(Consolidated) Non-controlling interests		954,088			1,101,214

(Consolidated) Total shareholders’ equity		36,878,913			41,020,068

(Consolidated) Total liabilities and shareholders’ equity		93,601,350			105,522,331

-15-

TOYOTA MOTOR CORPORATION FY2026 Financial Summary

Consolidated Statement of Income on Non-Financial Services Businesses and Financial Services Business


	Yen in millions
	For the year ended March 31, 2025			For the year ended March 31, 2026
(Non-Financial Services Businesses)
Sales revenues		43,787,709			46,079,610
Cost of revenues		35,684,332			39,325,176
Selling, general and administrative		3,984,469			3,830,878

Operating income		4,118,908			2,923,556

Other income (loss), net		1,622,539			1,387,992

Income before income taxes		5,741,447			4,311,548

Income tax expense		1,446,627			935,124

Net income		4,294,820			3,376,424

Net income attributable to
Toyota Motor Corporation		4,281,231			3,245,638
Non-controlling interests		13,589			130,786

(Financial Services Business)
Sales revenues		4,481,180			4,857,115
Cost of revenues		2,960,227			3,101,062
Selling, general and administrative		837,435			904,331

Operating income		683,519			851,722

Other income (loss), net		(10,309	)		5,672

Income before income taxes		673,210			857,393

Income tax expense		178,000			232,086

Net income		495,210			625,307
Net income attributable to
Toyota Motor Corporation		484,129			618,430
Non-controlling interests		11,081			6,878

(Elimination)
Elimination of net income		(274	)		(15,970	)
(Consolidated)

Net income		4,789,755			3,985,761

Net income attributable to
Toyota Motor Corporation		4,765,086			3,848,098
Non-controlling interests		24,670			137,664

-16-

TOYOTA MOTOR CORPORATION FY2026 Financial Summary

Consolidated Statement of Cash Flows on Non-Financial Services Businesses and Financial Services Business


	Yen in millions
	For the year ended March 31, 2025			For the year ended March 31, 2026
(Non-Financial Services Businesses)
Cash flows from operating activities
Net income		4,294,820			3,376,424
Depreciation and amortization		1,413,066			1,472,087
Share of profit (loss) of investments accounted for using the equity method		(579,619	)		(542,072	)
Income tax expense		1,446,627			935,124
Changes in operating assets and liabilities, and other		(370,839	)		744,179
Interest received		363,304			318,422
Dividends received		617,644			424,816
Interest paid		(100,770	)		(90,538	)
Income taxes paid, net of refunds		(2,347,622	)		(1,159,061	)

Net cash provided by (used in) operating activities		4,736,610			5,479,380

Cash flows from investing activities
Additions to fixed assets excluding equipment leased to others		(1,878,342	)		(2,119,162	)
Additions to equipment leased to others		(24,855	)		(33,176	)
Proceeds from sales of fixed assets excluding equipment leased to others		68,266			28,647
Proceeds from sales of equipment leased to others		6,035			7,997
Additions to intangible assets		(341,131	)		(365,834	)
Additions to public and corporate bonds and stocks		(3,446,017	)		(3,816,713	)
Proceeds from sales of public and corporate bonds and stocks and upon maturity of public and corporate bonds		3,423,102			5,140,628
Other, net		(618,309	)		1,172,580

Net cash provided by (used in) investing activities		(2,811,251	)		14,967

Cash flows from financing activities
Increase (decrease) in short-term debt		(116,549	)		3,307
Proceeds from long-term debt		162,735			540,117
Payments of long-term debt		(306,768	)		(939,292	)
Dividends paid to Toyota Motor Corporation common shareholders		(1,132,329	)		(1,238,974	)
Dividends paid to non-controlling interests		(122,565	)		(120,431	)
Reissuance (repurchase) of treasury stock		(1,179,043	)		(39,975	)
Other, net		55,560			34,712

Net cash provided by (used in) financing activities		(2,638,959	)		(1,760,535	)

Effect of exchange rate changes on cash and cash equivalents		(88,260	)		176,261

Net increase (decrease) in cash and cash equivalents		(801,860	)		3,910,073

Cash and cash equivalents at beginning of year		6,892,817			6,090,957

Net increase (decrease) in cash and cash equivalents resulting from transfer to assets held for sale		—			(115,932	)

Cash and cash equivalents at end of year		6,090,957			9,885,097

-17-

TOYOTA MOTOR CORPORATION FY2026 Financial Summary


	Yen in millions
	For the year ended March 31, 2025			For the year ended March 31, 2026
(Financial Services Business)
Cash flows from operating activities
Net income		495,210			625,307
Depreciation and amortization		838,167			920,432
Interest income and interest costs related to financial services, net		(769,800	)		(833,480	)
Share of profit (loss) of investments accounted for using the equity method		(11,600	)		(10,669	)
Income tax expense		178,000			232,086
Changes in operating assets and liabilities, and other		(2,405,422	)		(1,739,575	)
Interest received		2,332,296			2,468,460
Dividends received		5,651			5,958
Interest paid		(1,531,190	)		(1,620,645	)
Income taxes paid, net of refunds		(153,692	)		(81,619	)

Net cash provided by (used in) operating activities		(1,022,379	)		(33,745	)

Cash flows from investing activities
Additions to fixed assets excluding equipment leased to others		(28,469	)		(29,030	)
Additions to equipment leased to others		(2,972,065	)		(2,733,176	)
Proceeds from sales of fixed assets excluding equipment leased to others		2,555			2,595
Proceeds from sales of equipment leased to others		1,701,864			1,347,608
Additions to intangible assets		(13,064	)		(12,970	)
Additions to public and corporate bonds and stocks		(519,533	)		(473,958	)
Proceeds from sales of public and corporate bonds and stocks and upon maturity of public and corporate bonds		326,469			376,933
Other, net		89,633			43,662

Net cash provided by (used in) investing activities		(1,412,610	)		(1,478,336	)

Cash flows from financing activities
Increase (decrease) in short-term debt		229,903			(121,594	)
Proceeds from long-term debt		13,251,352			12,408,438
Payments of long-term debt		(10,618,851	)		(11,087,637	)
Dividends paid to non-controlling interests		(4,667	)		(4,985	)
Other, net		(4,716	)		(0	)

Net cash provided by (used in) financing activities		2,853,022			1,194,223

Effect of exchange rate changes on cash and cash equivalents		(45,829	)		200,936

Net increase (decrease) in cash and cash equivalents		372,203			(116,923	)

Cash and cash equivalents at beginning of year		2,519,244			2,891,447

Net increase (decrease) in cash and cash equivalents resulting from transfer to assets held for sale		—			—

Cash and cash equivalents at end of year		2,891,447			2,774,524

(Consolidated)
Effect of exchange rate changes on cash and cash equivalents		(134,089	)		377,197

Net increase (decrease) in cash and cash equivalents		(429,656	)		3,793,150

Cash and cash equivalents at beginning of year		9,412,060			8,982,404

Net increase (decrease) in cash and cash equivalents resulting from transfer to assets held for sale		—			(115,932	)

Cash and cash equivalents at end of year		8,982,404			12,659,622

-18-

TOYOTA MOTOR CORPORATION FY2026 Financial Summary

(iv) Geographic Information

As of and for the year ended March 31, 2025


	Yen in millions
	Japan		North America		Europe		Asia		Other		Inter-segment Elimination/ Unallocated Amount			Consolidated
Sales revenues
Revenues from external customers		10,719,120		18,930,253		6,110,052		7,903,360		4,373,919		—			48,036,704
Inter-segment revenues and transfers		11,139,974		370,074		203,437		1,084,702		147,338		(12,945,525	)		—

Total		21,859,094		19,300,327		6,313,489		8,988,062		4,521,257		(12,945,525	)		48,036,704
Operating expenses		18,707,971		19,191,519		5,897,936		8,091,552		4,268,632		(12,916,492	)		43,241,118

Operating income		3,151,123		108,808		415,553		896,510		252,626		(29,033	)		4,795,586

Total assets		26,347,925		33,423,938		9,463,797		9,467,913		6,010,880		8,886,897			93,601,350
Non-current assets		6,246,879		7,887,494		1,589,830		1,225,158		754,669		—			17,704,029

As of and for the year ended March 31, 2026


	Yen in millions
	Japan		North America			Europe		Asia		Other		Inter-segment Elimination/ Unallocated Amount			Consolidated
Sales revenues
Revenues from external customers		10,985,614		20,661,490			6,464,911		7,966,455		4,606,482		—			50,684,952
Inter-segment revenues and transfers		11,088,528		418,175			236,280		1,304,921		152,511		(13,200,415	)		—

Total		22,074,141		21,079,665			6,701,191		9,271,377		4,758,993		(13,200,415	)		50,684,952
Operating expenses		19,753,103		21,272,219			6,343,449		8,401,551		4,430,028		(13,281,613	)		46,918,736

Operating income		2,321,038		(192,554	)		357,743		869,826		328,966		81,198			3,766,216

Total assets		29,239,490		37,597,059			11,189,436		10,770,025		7,154,855		9,571,466			105,522,331
Non-current assets		6,525,712		9,097,283			1,904,635		1,285,836		975,033		—			19,788,499

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

Non-current assets do not include financial instruments, deferred tax assets, net defined benefit assets and rights arising under insurance contracts.

The above amounts are aggregated by region based on the location of the country where TMC or consolidated subsidiaries are located.

(v) Sales revenues by location of external customers


	Yen in millions
	For the years ended March 31,
	2025		2026
Japan		7,723,171		7,942,616
North America		18,985,399		20,783,571
Europe		5,979,720		6,396,867
Asia		7,944,206		7,894,843
Other		7,404,208		7,667,056

Total		48,036,704		50,684,952

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

-19-

TOYOTA MOTOR CORPORATION FY2026 Financial Summary

(3) Assets Held for Sale

(The business integration of Mitsubishi Fuso Truck and Bus Corporation and Hino Motors, Ltd.)

As of the effective date of the business integration between Mitsubishi Fuso Truck and Bus Corporation (“MFTBC”) and Hino Motors, Ltd. (“Hino”) (April 1, 2026), Hino is no longer a consolidated subsidiary of Toyota. Consequently, the assets, liabilities, and related other comprehensive income of Hino and its consolidated subsidiaries have been reclassified as held for sale, and are presented at the end of the current consolidated fiscal year as assets held for sale, liabilities directly associated with assets held for sale, and other comprehensive income associated with assets held for sale. However, assets and liabilities related to Hino’s Hamura plant are not classified as held for sale because that plant will become a consolidated subsidiary of Toyota before the business integration in the next consolidated fiscal year as Toyota Motor Hamura, Inc..

(Review of capital relationship with Toyota Industries Corporation)

On March 24, 2026, Toyota Fudosan Co., Ltd. completed a tender offer for the shares of Toyota Industries Corporation (“Toyota Industries”). Because a squeeze-out procedure and the planned sale of the Toyota Industries shares held by Toyota are expected to be completed in the next consolidated fiscal year, Toyota has reclassified our holdings of Toyota Industries and related other comprehensive income as held for sale.

-20-

TOYOTA MOTOR CORPORATION FY2026 Financial Summary

(4) Earnings Per Share

Reconciliation of the difference between basic and diluted earnings per share attributable to Toyota Motor Corporation are as follows:


	Yen in millions		Thousands of shares		Yen
	Net income attributable to Toyota Motor Corporation		Weighted-average common shares		Earnings per share attributable to Toyota Motor Corporation
For the year ended March 31, 2025
Net income attributable to Toyota Motor Corporation		4,765,086

Basic and Diluted earnings per share attributable to Toyota Motor Corporation		4,765,086		13,252,456		359.56

For the year ended March 31, 2026
Net income attributable to Toyota Motor Corporation		3,848,098

Basic and Diluted earnings per share attributable to Toyota Motor Corporation		3,848,098		13,033,274		295.25

The following table shows Toyota Motor Corporation shareholders’ equity per share. Toyota Motor Corporation shareholders’ equity per share amounts are calculated by dividing Toyota Motor Corporation shareholders’ equity in the consolidated statement of financial position by common shares issued and outstanding at the end of the year (excluding treasury stock).


	Yen in millions		Thousands of shares		Yen
	Toyota Motor Corporation shareholders’ equity		Common shares issued and outstanding at the end of the year (excluding treasury stock)		Toyota Motor Corporation shareholders’ equity per share
As of March 31, 2025		35,924,826		13,048,930		2,753.09
As of March 31, 2026		39,918,854		13,033,384		3,062.82

“Diluted earnings per share attributable to Toyota Motor Corporation” equals “Basic earnings per share attributable to Toyota Motor Corporation” for the years ended March 31, 2025 and 2026, because there were no potential dilutive shares during such periods.

(5) Significant Subsequent Events

(The business integration of MFTBC and Hino)

On June 10, 2025,Toyota, Daimler Truck AG, MFTBC and Hino concluded a definitive agreement for the business integration of MFTBC and Hino.

Hino has been excluded from consolidated subsidiaries of Toyota as of the effective date of this business integration (April 1, 2026). Prior to the business integration in the following consolidated fiscal year, Hino’s Hamura Plant became a consolidated subsidiary of Toyota as Toyota Motor Hamura, Inc..

However, management is currently evaluating the impact of this business integration on Toyota’s consolidated financial statements.

-21-

Supplemental Material for Financial Results for FY2026 (Consolidated)

< IFRS >


	FY2025															FY2026															FY2027
	1Q (2024/4-6)			2Q (2024/7-9)			3Q (2024/10-12)			4Q (2025/1-3)			12 months (‘24/4-‘25/3)			1Q (2025/4-6)			2Q (2025/7-9)			3Q (2025/10-12)			4Q (2026/1-3)			12 months (‘25/4-‘26/3)			Forecast 12 months (‘26/4-‘27/3)
Vehicle Production (thousands of units)		2,186			2,217			2,312			2,334			9,049			2,301			2,321			2,362			2,309			9,293
(Japan) –including Daihatsu & Hino		901			991			1,052			1,056			4,000			994			1,013			1,076			1,065			4,149
[Daihatsu & Hino]		[141	]		[219	]		[205	]		[200	]		[764	]		[210	]		[211	]		[242	]		[243	]		[907	]
(Overseas) –including Daihatsu & Hino		1,285			1,226			1,260			1,278			5,049			1,306			1,308			1,286			1,243			5,144
[Daihatsu & Hino]		[106	]		[122	]		[122	]		[108	]		[458	]		[86	]		[101	]		[111	]		[105	]		[404	]
North America		523			445			467			522			1,958			557			524			511			458			2,050
Europe		215			181			206			208			811			197			185			217			216			815
Asia		434			466			455			434			1,790			423			466			459			455			1,802
Central and South America		87			100			101			83			370			101			97			66			78			342
Africa		26			33			31			31			120			30			37			33			36			135
Vehicle Sales (thousands of units)		2,252			2,304			2,444			2,362			9,362			2,411			2,372			2,519			2,293			9,595			9,600	^(Note 1)
(Japan) –including Daihatsu & Hino		421			517			516			536			1,991			481			488			546			565			2,082			2,070
[Daihatsu & Hino]		[84	]		[136	]		[129	]		[136	]		[485	]		[130	]		[134	]		[148	]		[158	]		[570	]		[520	]
(Overseas) –including Daihatsu & Hino		1,830			1,787			1,929			1,826			7,372			1,930			1,883			1,972			1,728			7,513			7,530
[Daihatsu & Hino]		[61	]		[65	]		[60	]		[55	]		[240	]		[48	]		[48	]		[53	]		[54	]		[203	]		[130	]
North America		705			643			695			660			2,703			794			739			784			616			2,934			2,990
Europe		291			256			318			306			1,172			298			275			308			302			1,183			1,190
Asia		436			469			473			460			1,838			421			432			471			434			1,759			1,820
Central and South America		114			134			127			119			495			129			132			103			110			475			540
Oceania		82			71			80			77			309			78			76			73			61			289			300
Africa		49			56			60			58			224			60			77			69			68			275			280
Middle East		151			157			172			143			622			147			151			161			134			594			410
Other		2			2			2			2			8			2			1			1			1			5
Total Retail Unit Sales (thousands of units) [Toyota, Daihatsu and Hino]		2,636			2,737			2,922			2,715			11,011			2,829			2,814			2,964			2,677			11,283			11,180	^(Note 1)

Supplemental 1

Supplemental Material for Financial Results for FY2026 (Consolidated)

< IFRS >


	FY2025															FY2026															FY2027
	1Q (2024/4-6)			2Q (2024/7-9)			3Q (2024/10-12)			4Q (2025/1-3)			12 months (‘24/4-‘25/3)			1Q (2025/4-6)			2Q (2025/7-9)			3Q (2025/10-12)			4Q (2026/1-3)			12 months (‘25/4-‘26/3)			Forecast 12 months (‘26/4-‘27/3)
Foreign Exchange Rates
Yen to US Dollar Rate		156			150			152			153			153			145			147			154			157			151			as premise: 150
Yen to Euro Rate		168			164			163			161			164			164			172			179			184			175			as premise: 180
Number of Employees		384,954			384,158			384,338			383,853			383,853			389,144			390,024			390,241			390,927			390,927	^(Note 2)
Sales Revenues (billions of yen)		11,837.8			11,444.5			12,391.0			12,363.1			48,036.7			12,253.3			12,377.4			13,456.8			12,597.3			50,684.9			51,000.0
Geographic Information
Japan		5,224.0			5,317.3			5,764.8			5,552.7			21,859.0			5,210.7			5,302.5			5,812.3			5,748.4			22,074.1
North America		5,002.4			4,522.9			4,876.1			4,898.7			19,300.3			5,314.2			5,154.2			5,676.8			4,934.2			21,079.6
Europe		1,509.0			1,380.1			1,630.5			1,793.7			6,313.4			1,561.6			1,584.8			1,798.7			1,755.9			6,701.1
Asia		2,231.7			2,238.2			2,323.3			2,194.6			8,988.0			2,134.3			2,317.1			2,481.7			2,338.0			9,271.3
Other		1,053.8			1,066.6			1,235.0			1,165.7			4,521.2			1,127.4			1,199.7			1,161.3			1,270.4			4,758.9
Elimination		-3,183.2			-3,080.7			-3,438.8			-3,242.5			-12,945.5			-3,095.1			-3,181.1			-3,474.1			-3,449.9			-13,200.4
Business Segment
Automotive		10,759.7			10,332.4			11,249.0			10,858.6			43,199.8			11,039.6			11,060.8			12,072.7			11,244.4			45,417.7
Financial Services		1,005.3			1,037.6			1,022.9			1,415.2			4,481.1			1,136.1			1,194.2			1,257.0			1,269.7			4,857.1
All Other		315.6			337.6			393.0			400.7			1,447.1			342.8			392.9			432.3			483.2			1,651.4
Elimination		-242.8			-263.2			-273.8			-311.4			-1,091.4			-265.3			-270.6			-305.2			-400.0			-1,241.2
Operating Income (billions of yen)		1,308.4			1,155.7			1,215.2			1,116.0			4,795.5			1,166.1			839.5			1,191.0			569.4			3,766.2			3,000.0
(Operating Income Ratio) (%)		(11.1	)		(10.1	)		(9.8	)		(9.0	)		(10.0	)		( 9.5	)		(6.8	)		(8.9	)		(4.5	)		(7.4	)		(5.9	)
Geographic Information
Japan		881.2			641.1			814.6			814.0			3,151.1			645.0			472.1			679.3			524.5			2,321.0
North America		85.0			28.7			58.3			-63.3			108.8			-21.1			-46.7			162.8			-287.5			-192.5
Europe		124.6			91.2			157.1			42.4			415.5			96.9			103.7			123.9			33.0			357.7
Asia		245.9			244.4			194.8			211.2			896.5			215.7			228.5			190.7			234.7			869.8
Other		41.7			98.8			39.0			72.9			252.6			94.0			107.8			56.2			70.7			328.9
Elimination		-70.2			51.3			-48.8			38.7			-29.0			135.4			-26.0			-22.1			-6.1			81.1
Business Segment
Automotive		1,117.9			949.8			1,006.1			866.3			3,940.2			911.4			574.0			934.9			356.6			2,777.0
Financial Services		159.7			172.7			163.7			187.2			683.5			222.2			228.2			212.9			188.3			851.7
All Other		40.7			33.2			50.5			56.5			181.1			37.4			31.3			46.8			16.3			132.0
Elimination		-9.9			-0.1			-5.2			5.9			-9.4			-5.0			5.8			-3.7			8.1			5.3
Share of Profit (Loss) of Investments Accounted for Using the Equity Method (billions of yen)		164.9			99.3			190.4			136.4			591.2			141.0			131.5			165.2			114.8			552.7			590.0
Income before Income Taxes (billions of yen)		1,872.2			859.8			2,698.0			984.4			6,414.5			1,252.1			1,225.9			1,710.3			964.5			5,152.9			4,230.0
(Income before Income Taxes Ratio) (%)		(15.8	)		(7.5	)		(21.8	)		(8.0	)		(13.4	)		( 10.2	)		(9.9	)		(12.7	)		(7.7	)		(10.2	)		(8.3	)
Net Income Attributable toToyota Motor Corporation (billions of yen)		1,333.3			573.7			2,193.2			664.6			4,765.0			841.3			932.0			1,257.4			817.2			3,848.0			3,000.0
(Net Income Ratio) (%)		(11.3	)		(5.0	)		(17.7	)		(5.4	)		(9.9	)		( 6.9	)		(7.5	)		(9.3	)		(6.5	)		(7.6	)		(5.9	)
Dividends
Cash Dividends (billions of yen)		—			525.9			—			652.4			1,178.4			—			586.5			—			651.6			1,238.2	^(Note 3)
Cash Dividends per Share (yen)		—			40			—			50			90			—			45			—			50			95			100
Payout Ratio (%)		—			28.1			—			22.8			25.0			—			33.0			—			31.4			32.1			39.8
Value of Shares Repurchased (billions of yen)[actual purchase]		18.9			884.4			142.2			133.2			1,179.0			39.9			—			—			—			39.9	^(Note 4)
Value of Shares Repurchased (billions of yen)[based on resolution]		—			199.9			—			—			199.9			—			—			—			3,656.8			3,656.8	^(Note 4) ^(Note 5)
Number of Outstanding Shares (thousands)		15,794,987			15,794,987			15,794,987			15,794,987			15,794,987			15,794,987			15,794,987			15,794,987			15,794,987			15,794,987

Supplemental 2

Supplemental Material for Financial Results for FY2026 (Consolidated)

< IFRS >


	FY2025										FY2026											FY2027
	1Q (2024/4-6)		2Q (2024/7-9)		3Q (2024/10-12)		4Q (2025/1-3)		12 months (‘24/4-‘25/3)		1Q (2025/4-6)		2Q (2025/7-9)		3Q (2025/10-12)		4Q (2026/1-3)		12 months (‘25/4-‘26/3)			Forecast 12 months (‘26/4-‘27/3)
R&D Expenses (billions of yen)		304.6		334.9		336.8		350.0		1,326.4		355.8		354.4		372.9		439.5		1,522.8			1,600.0	^(Note 6)
Depreciation Expenses (billions of yen)		352.3		335.4		335.3		337.4		1,360.5		327.5		344.3		360.6		386.3		1,418.9			1,600.0	^(Note 7)
Geographic Information
Japan		148.6		141.8		143.9		150.1		584.5		143.5		155.5		164.2		179.0		642.4
North America		120.4		114.8		112.8		114.6		462.7		108.7		109.4		112.3		118.2		448.8
Europe		23.4		25.6		25.7		22.1		96.9		23.3		25.9		28.9		28.1		106.4
Asia		48.3		43.0		42.9		42.8		177.1		42.7		43.1		44.4		46.7		177.1
Other		11.4		9.9		9.9		7.7		39.0		9.2		10.1		10.6		14.1		44.1
Capital Expenditures (billions of yen)		368.0		443.1		558.7		764.9		2,134.8		392.4		530.4		594.2		873.4		2,390.6			2,300.0	^(Note 7)
Geographic Information
Japan		163.2		198.7		255.4		409.1		1,026.6		193.8		254.4		249.1		401.7		1,099.2
North America		115.9		173.4		184.6		204.6		678.7		125.4		165.2		165.4		215.8		671.9
Europe		17.4		10.7		15.0		31.3		74.4		18.8		17.5		30.0		43.9		110.2
Asia		52.6		30.6		65.8		58.2		207.4		28.5		62.1		114.2		159.2		364.2
Other		18.6		29.5		37.8		61.5		147.5		25.8		31.0		35.3		52.6		144.8
Total Liquid Assets (billions of yen)		15,585.7		15,404.1		16,366.2		16,702.4		16,702.4		17,016.3		17,709.5		18,005.8		17,418.0		17,418.0	^(Note 8)
Total Assets (billions of yen)		94,037.3		89,169.2		94,674.4		93,601.3		93,601.3		93,468.1		97,574.8		102,344.5		105,522.3		105,522.3
Toyota Motor Corporation Shareholders’ Equity (billions of yen)		35,737.7		34,368.5		35,910.2		35,924.8		35,924.8		36,040.2		37,492.1		38,974.6		39,918.8		39,918.8
Return on Equity (%)										13.6										10.1
Return on Asset (%)										5.2										3.9
Number of Consolidated Subsidiaries (including Structured Entities)										585										602
Number of Associates and Joint Ventures Accounted for Using the Equity Method										165										159


Analysis of Consolidated Net Income Attributable to Toyota Motor Corporation for FY2026 (billions of yen, approximately)	4Q (2026/1-3)		12 months (‘25/4-‘26/3)
Effects of Marketing Activities		-35.0		710.0
Effects of Changes in Exchange Rates		80.0		-195.0
Cost Reduction Efforts		-80.0		-120.0
From Engineering		-80.0		-180.0
From Manufacturing and Logistics		0.0		60.0
Increase or Decrease in Expenses and Expense Reduction Efforts		-565.0		-2,030.0
Other		53.4		605.7
(Changes in Operating Income)		-546.6		-1,029.3
Non-operating Income		526.6		-232.2
Share of Profit (Loss) of Investments Accounted for Using the Equity Method		-21.6		-38.4
Income tax expense, Net Income Attributable to Non-controlling Interests		172.4		344.6
(Changes in Net Income Attributable to Toyota Motor Corporation)		152.5		-916.9

Cautionary Statement with Respect to Forward-Looking Statements

This report contains forward-looking statements that reflect Toyota’s plans and expectations.

These factors include, but are not limited to: (i) changes in economic conditions, market demand, and the competitive environment affecting the automotive markets in Japan, North America, Europe, Asia and other markets in which Toyota operates; (ii) fluctuations in currency exchange rates, particularly with respect to the value of the Japanese yen, the U.S. dollar, the euro, the Australian dollar, the Canadian dollar and the British pound, fluctuations in stock prices, and interest rates fluctuations; (iii) changes in funding environment in financial markets and increased competition in the financial services industry; (iv) Toyota’s ability to market and distribute effectively; (v) Toyota’s ability to realize production efficiencies and to implement capital expenditures at the levels and times planned by management; (vi) changes in the laws and regulations, as well as other government actions, in the markets in which Toyota operates that affect Toyota’s operations, particularly laws, regulations and government actions relating to vehicle safety including remedial measures such as recalls, environmental protection, vehicle emissions and vehicle fuel economy, and tariffs and other trade policies, as well as current and future litigation and other legal proceedings, government proceedings and investigations; (vii) political and economic instability in the markets in which Toyota operates; (viii) Toyota’s ability to timely develop and achieve market acceptance of new products that meet customer demand; (ix) any damage to Toyota’s brand image; (x) Toyota’s reliance on various suppliers for the provision of supplies; (xi) increases in prices of raw materials; (xii) Toyota’s reliance on various digital and information technologies, as well as information security; (xiii) fuel shortages or interruptions in electricity, transportation systems, labor strikes, work stoppages or other interruptions to, or difficulties in, the employment of labor in the major markets where Toyota purchases materials, components and supplies for the production of its products or where its products are produced, distributed or sold; (xiv) the impact of natural calamities, epidemics, political and economic instability, fuel shortages or interruptions in social infrastructure, wars, terrorism and labor strikes, including their negative effect on Toyota’s vehicle production and sales; (xv) the impact of climate change and the transition towards a low-carbon economy; and (xvi) the ability of Toyota to hire or retain sufficient human resources.

(Note 1)

FY2026 actual results include Hino-brand vehicles (vehicle sales: 104 thousands of vehicles; total retail unit sales: 109 thousands of vehicles).

FY2027 forecast does not include Hino-brand vehicles (However, Vehicle sales include a portion of Hino-brand vehicles manufactured by Toyota’s consolidated subsidiaries).

(Note 2)

Shows the number of employees as of the end of each period (excluding loan employees from Toyota to outside Toyota and including loan employees from outside Toyota to Toyota)

(Note 3)

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

(Note 4)

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

(Note 5)

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

With regard to the ¥3,656.8 billion recorded in the fourth quarter of the fiscal year ended March 31, 2026, this represents the value of shares that were planned to be repurchased through a tender offer as part of the process of taking Toyota Industries Corporation private.*

Offer period: From March 31, 2026 to April 27, 2026 (20 business days)

Offer price: ¥3,067 per share

Number of shares to be purchased: 1,192,330,962 shares

Commencement date of settlement: May 25, 2026

(Note 6)

Figures for R&D expenses are R&D activity related expenditures incurred during the reporting period and do not conform to “R&D Expenses” on Toyota’s Consolidated Statement of Income

(Note 7)

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

(Note 8)

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

(Note 9)

As part of the process of taking Toyota Industries Corporation private, 3,208.5 billion yen was approved by the Board of Directors in June 2025, and revised to 4,341.2 billion yen in January 2026

Supplemental 3

FY2026 Financial Results LEXUS ES Toyota Motor Corporation May 8, 2026

Cautionary Statement with Respect to Forward-Looking Statements and Caution Concerning Insider Trading This presentation contains forward-looking statements that reflect the plans and expectations of Toyota Motor Corporation and its consolidated subsidiaries (“Toyota”). These forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause Toyota’s actual results, performance, achievements or financial position to be materially different from any future results, performance, achievements or financial position expressed or implied by these forward-looking statements. These factors include, but are not limited to: (i) changes in economic conditions, market demand, and the competitive environment affecting the automotive markets in Japan, North America, Europe, Asia and other markets in which Toyota operates; (ii) fluctuations in currency exchange rates (particularly with respect to the value of the Japanese yen, the U.S. dollar, the euro, the Australian dollar, the Canadian dollar and the British pound), stock prices and interest rates; (iii) changes in funding environment in financial markets and increased competition in the financial services industry; (iv) Toyota’s ability to market and distribute effectively; (v) Toyota’s ability to realize production efficiencies and to implement capital expenditures at the levels and times planned by management;(vi) changes in the laws and regulations, as well as other government actions, in the markets in which Toyota operates that affect Toyota’s operations, particularly laws, regulations and government actions relating to vehicle safety including remedial measures such as recalls, environmental protection, vehicle emissions and vehicle fuel economy, and tariffs and other trade policies, as well as current and future litigation and other legal proceedings, government proceedings and investigations; (vii) political and economic instability in the markets in which Toyota operates; (viii) Toyota’s ability to timely develop and achieve market acceptance of new products that meet customer demand; (ix) any damage to Toyota’s brand image; (x) Toyota’s reliance on various suppliers for the provision of supplies; (xi) increases in prices of raw materials; (xii) Toyota’s reliance on various digital and information technologies, as well as information security; (xiii) fuel shortages or interruptions in electricity, transportation systems, labor strikes, work stoppages or other interruptions to, or difficulties in, the employment of labor in the major markets where Toyota purchases materials, components and supplies for the production of its products or where its products are produced, distributed or sold; (xiv) the impact of natural calamities, epidemics, political and economic instability, fuel shortages or interruptions in social infrastructure, wars, terrorism and labor strikes, including their negative effect on Toyota’s vehicle production and sales; (xv) the impact of climate change and the transition towards a low-carbon economy; and (xvi) the ability of Toyota to hire or retain sufficient human resources. A discussion of these and other factors which may affect Toyota’s actual results, performance, achievements or financial position is contained in Toyota Motor Corporation’s annual report on Form 20-F, which is on file with the United States Securities and Exchange Commission. Caution concerning Insider Trading Under Japanese securities laws and regulations (the Regulations ), subject to certain exceptions, any person who receives certain material information relating to the business, etc. of Toyota which may be contained in this document is prohibited from trading in Toyota's shares or certain other transactions related to such shares (as set forth in the Regulations) until such material information is deemed to be made public. Under the Regulations, material information is deemed to be made public when (i) such material information is notified to a stock exchange and is disclosed by ways of electromagnetic means as prescribed by the ordinance of the Cabinet Office (posting on the TDnet (Timely Disclosure Network) information service) or (ii) twelve (12) hours have elapsed since a listed company, such as Toyota, disclosed such material information to at least two (2) media sources as prescribed by the Regulations. 2

FY2026 Results Summary • Mitigated the impact of major environmental changes through continuous improvement efforts • Aggressively driving mid- to long-term business structure transformation to return to a sustainable growth trajectory Operating income : 3.8 trillion yen (-1.0 trillion yen YoY) FY2026 - Despite the impact of U.S. tariffs (-1.4 trillion yen), we secured profits consistent with our guidance due to increased vehicle sales volumes and the effects of price Actual revisions underpinned by strong product competitiveness, as well as steadily accumulated improvement efforts such as expanded value chain revenues Operating income : 3.0 trillion yen (-0.8 trillion yen YoY) FY2027 - Decline in profit as likely unable to absorb newly added impact from the Middle East, Forecast Aim to accelerate mid- to long-term transformation toward a business structure resilient to environmental changes Dividend FY2026 : Full-year 95 yen (+5 yen YoY) Return to FY2027 forecast : Full-year 100 yen (+5 yen YoY) Shareholders - Maintain our policy of stable dividend increases to reward long-term shareholders. 3

FY2026 Financial Performance 4

Consolidated Vehicle Sales (thousands of vehicles) 9,595 10,000 102.5% 9,362 Japan 2,082 104.6% 1,991 8,000 N. America Europe 6,000 2,934 2,703 108.5% Asia Other 4,000 1,172 101.0% 1,183 • Central/South America 1,838 1,759 95.7% • Oceania 2,000 • Africa • Middle East, etc. 98.7% 1,659 1,637 0 2024.4-2025.3 YoY 2025.4-2026.3 Reference (retail) Toyota and Lexus Vehicle Sales 10,274 10,477 102.0% [46.1%] [48.1%] Electrified Vehicle [%] 4,732 5,040 106.5% HEV 4,425 4,620 104.4% PHEV 161 175 108.6% BEV 145 243 168.4% FCEV 1 1 81.5% Total Retail Vehicle Sales 11,011 11,283 102.5% 5

Consolidated Financial Summary (billions of yen) 2025.4-2026.3 Change 2024.4-2025.3 Sales Revenues 48,036.7 50,684.9 +2,648.2 Operating Income 4,795.5 3,766.2 -1,029.3 Margin 10.0% 7.4% Other Income 1,619.0 1,386.7 -232.2 Share of Profit (Loss) of Investments * 591.2 552.7 -38.4 Accounted for Using the Equity Method Income before Income Taxes 6,414.5 5,152.9 -1,261.5 Net Income Attributable to 4,765.0 3,848.0 -916.9 Toyota Motor Corporation Margin 9.9% 7.6% US $ 153 yen 151 yen -2 yen FOREX Rates € 164 yen 175 yen +11 yen * Regarding Japan: 354.2 (-52.8 year on year), China: 108.2 (+1.3 year on year), Other: 90.1 (+13.0 year on year) 6

Analysis of Consolidated Operating Income (billions of yen) Excluding the overall impact of foreign exchange rates and swap valuation gains/losses, etc.： -1,440.0 -2,030.0 +710.0 4,795.5 -195.0 -120.0 Effects of Cost Marketing 3,766.2 +605.7 FOREX Reduction Efforts *2 Rates *1 Efforts Increase or Other *4 Decrease in Which includes: Expenses and Strengthening Foundation of Suppliers/ Expense Reduction Materials Prices -395.0 Efforts*3 Cost Reduction +275.0 Which includes: Tariff Impact -1,380.0 2024.4-2025.3 2025.4-2026.3 153 yen/US$ 151 yen/US$ Operating Income(-1,029.3) 175 yen/ € 164 yen/ € *1 Details *2 Details *3 Details *4 Details Transactional (Imports/Exports) -115.0 Volume, Model Mix +210.0 Labor Cost -170.0 Valuation Gains / Losses from Swaps, etc. +132.0 - US $ -100.0 Value Chain +165.0 Depreciation Expenses -75.0 Impact of Inflation Accounting, etc. +59.8 - € +105.0 - Financial Services +50.0 R&D Expenses -180.0 HINO MOTORS Certification Related +272.1 Expenses (One-time Expenses in FY2025) - Other -120.0 Expenses, etc. -1,605.0 - Accessories / Spare Parts / +115.0 Used Vehicle / Connected, etc. Other +141.8 Translational FOREX Impact Concerning -80.0 Overseas Subsidiaries, etc. Other +335.0 7

Geographic Operating Income Operating Income (billions of yen) (excluding Valuation Gains/Losses relating to Swaps, etc.) [ ] Margin Consolidated Vehicle Sales (thousands of vehicles) Europe Japan N. America Asia Other Incl. China (excl. investments accounted for using the equity (108.5%) 2,934 2,703 method of associates and joint ventures) (104.6%) 2,082 1,991 1,838 (95.7%) 1,759 (98.7%) 1,637 1,659 (101.0%) 1,172 1,183 -828.0 3,158.7 2,330.7 -21.6 -86.3 [14.5%] [10.6%] +67.3 -403.0 417.1 330.8 307.8 893.9 [6.6%] 872.3 240.5 [4.9%] [6.5%] 104.3 [5.3%] [9.9%] [9.4%] -298.6 [0.5%] [-1.4%] 2024.4- 2025.4- 2024.4- 2025.4- 2024.4- 2025.4- 2024.4- 2025.4- 2024.4- 2025.4- 2025.3 2026.3 2025.3 2026.3 2025.3 2026.3 2025.3 2026.3 2025.3 2026.3 Operating Income including Valuation Gains/Losses relating to Swaps, etc. (billions of yen) 3,151.1 2,321.0 108.8 -192.5 415.5 357.7 896.5 869.8 252.6 328.9 8

China Business / Financial Services (Ref.) China Business Financial Services Operating Income of Consolidated Subsidiaries (billions of yen) Operating Income (billions of yen) ＊ Excluding Valuation Gains/Losses relating to Swaps, etc. Share of Profit of Investments Accounted for Using the Equity Method of Associates and Joint Ventures (billions of yen) Toyota and Lexus Vehicle Sales (thousands of vehicles) 1,789 (98.6%) 1,764 +14.7 Marketing 197.5 182.7 Efforts, etc. 709.8 +36.1 673.7 Effects of Increase in Loan Balance, etc. +1.3 Cost Reduction 108.2 106.9 Efforts, etc. 2024.4-2025.3 2025.4-2026.3 Operating Income including Valuation Gains/Losses relating to Swaps, etc. (billions of yen) 2024.4-2025.3 2025.4-2026.3 683.5 851.7 9

FY2027 Financial Forecasts 10

FY2027 Forecast: Consolidated Vehicle Sales (thousands of vehicles) *2 *1 100.1% 9,600 10,000 9,595 2,070 2,082 99.4% 8,000 Japan N. America 6,000 2,934 2,990 101.9% Europe 4,000 100.6% 1,183 1,190 Asia 1,759 103.5% 1,820 Other 2,000 • Central/South America 1,637 93.4% 1,530 • Oceania 0 • Africa FY26 Results FY27 Forecast YoY • Middle East, etc. 2025.4-2026.3 2026.4-2027.3 Reference (retail) Toyota and Lexus Vehicle Sales 10,477 10,500 100.2% [48.1%] [56.7%] Electrified Vehicles [%] 5,040 5,956 118.2% HEV 4,620 5,071 109.8% PHEV 175 286 163.4% BEV 243 598 246.1% FCEV 1 1 100.0% *1 *2 Total Retail Vehicle Sales 11,283 11,180 99.1% *1 FY2026 actual results include Hino-brand vehicles (consolidated vehicle sales: 104 thousand vehicles; total retail vehicle sales: 109 thousand vehicles). *2 FY2027 forecast does not include Hino-brand vehicles (consolidated vehicle sales, however, include certain Hino-brand vehicles manufactured by Toyota's consolidated subsidiaries). 11

FY2027 Forecast: Consolidated Financial Summary FY26 Results FY27 Forecast Change (billions of yen) 2025.4-2026.3 2026.4-2027.3 Sales Revenues 50,684.9 51,000.0 +315.1 Operating Income 3,766.2 3,000.0 -766.2 Margin 7.4% 5.9% Other Income 1,386.7 1,230.0 -156.7 Share of Profit (Loss) of Investments 552.7 590.0 +37.3 Accounted for Using the Equity Method Income before Income Taxes 5,152.9 4,230.0 -922.9 Net Income Attributable to 3,848.0 3,000.0 -848.0 Toyota Motor Corporation Margin 7.6% 5.9% Dividend per share 95 yen 100 yen +5 yen US $ 151 yen 150 yen -1 yen FOREX Rates € 175 yen 180 yen +5 yen 12

Analysis of FY2027 Forecast: Consolidated Operating Income (vs. FY2026 Results) Excluding the overall impact of foreign exchange Which includes: Impact from Deconsolidation (billions of yen) rates and swap valuation gains/losses, etc： -845.0 of Hino Motors -40.0 +235.0 -985.0 3,766.2 Effects of +330.0 -190.0 -156.2 FOREX 3,000.0 Increase or Rates *1 Marketing Cost Other *4 Decrease in Efforts *2 Reduction Expenses and Efforts Expense Reduction Efforts *3 Which includes: Strengthening Foundation of Suppliers/ Materials Prices -1,190.0 Which includes: (which includes Middle East impact -400.0) Middle East impact -270.0 Cost Reduction +205.0 FY2026 Results FY2027 New Forecast 2025.4-2026.3 2026.4-2027.3 Operating Income (-766.2) 150 yen/US$ 151 yen/US$ 180 yen/€ 175 yen/€ *1 Details *2 Details *3 Details *4 Details Transactional (Imports/Exports) +70.0 Volume, Model Mix -205.0 Labor Cost -235.0 Valuation Gains / Losses from Swaps, etc. -135.0 - US $ -30.0 Value Chain +90.0 Depreciation Expenses -180.0 Impact of Inflation Accounting, etc. +13.6 - Financial Services - € +60.0 +65.0 R&D Expenses -80.0 Other -34.8 - Other +40.0 Expenses, etc. +305.0 - Accessories / Spare Parts / +25.0 Used Vehicle / Connected, etc. Translational FOREX Impact Concerning +165.0 Overseas Subsidiaries, etc. Other +445.0 13

Shareholder Return 14

Dividends and Dividend Forecast ◼ Our dividend policy is to “increase dividends in a stable and continuous manner” to reward our long-term shareholders. ◼ FY2026 : Full-year 95 yen (+5 yen YoY), year-end 50 yen (±0 yen YoY) ◼ FY2027 forecast : Full-year 100 yen (+5 yen YoY) 100［ Forecast ］ +5 100 95 +5 90 90 (yen) 80 75 50 70 Year-end Dividend 50 60 50 60 Interim Dividend 45 50 35 40 30 45 50 20 40 30 25 10 0 2025.3 2027.3 2023.3 2024.3 2026.3 Total Amount of Dividends - 342.1 405.4 525.9 586.5 Interim (billions of yen) Total Amount of Dividends - Full-Year 816.9 1,011.7 1,178.4 1,238.2 (billions of yen) 15

Share Repurchases ◼ FY2026 year-end: No share repurchase limit ◼ Taking into account the stock price level and other factors, in order to respond, as necessary, to requests to sell our company shares, we will flexibly implement share repurchases. No interim and no year-end repurchases 1,600 3,600 3,400 1,200 (billions of yen) Year-end Resolution *2 3,656.8 800 Interim Resolution （３月決議分） *1 1,000.0 Flexible Resolution 400 No year-end 185.6 repurchases 149.9 99.9 （Resolved in March） 199.9 （３月決議分） 149.9 （Resolved in September） 99.9 149.9 （９月決議分） 0 2022.3 2023.3 2024.3 2025.3 2026.3 Share Repurchases 435.6 299.9 1,099.9 199.9 3,656.8 Total Amount of Dividends 718.2 816.9 1,011.7 1,178.4 1,238.2 Total Shareholder Return 1,153.8 1,116.9 2,111.7 1,378.4 4,895.1 *1 Set in consideration of requests to sell Toyota shares *2 The value of shares that were planned to be repurchased through a tender offer as part of the process of taking Toyota Ind ustries Corporation private. Treasury shares to be acquired pursuant to this tender offer are scheduled to be cancelled. 16

Toward Business Structure Reform 17

Analysis of FY2027 Forecast: Consolidated Operating Income (vs. FY2024 Results) (billions of yen) +630.0 -845.0 5,352.9 -352.9 5,050.0 -1,380.0 +1,730.0 -1,465.0 Market Effects of Materials Environment, FOREX Prices Rates etc. -670.0 Tariff Impact 3,000.0 Improvement Comprehensive Investments Efforts Middle East Impact Cost Reduction +800.0 Value Chain Profits +495.0 Volume, Model Mix +205.0 Other +230.0 FY2024 Results FY2027 NewForecast 2023.4-2024.3 2026.4-2027.3 145 yen/US$ Operating Income (-2,352.9) 150 yen/US$ 180 yen/€ 157 yen/€ 18

Initiatives for Business Structure Reform Making ever-better cars Transform into a mobility company Further expansion of Initiative 1 Five-brand strategy New mobility existing value chain earnings Price Covering a wide range of customers with a diverse vehicle lineup led Revenue growth through by Century Lexus Expanding diverse mobility maximizing customer Toyota across land, sea, and air touchpoints Variation Initiative 2 SDV and robotics Enhancing earning power Full utilization of Creating new value production capacity through SDV* and robotics Aiｍ to maximize *Software Defined Vehicle margin per unit 19 19

Business Structure Reform: Enhancing Earning Power Reinforcement of core earning power Reorganization Further Cost HEV of production advancement reductions, production models of procurement beginning capacity localization at the source enhancement Maximum utilization of production capacity Effective utilization of existing Expansion of production space and capacity capacity (AREA35 and related initiatives) 20

Business Structure Reform: Mobility Company Aim to further expand profit increases through new initiatives in addition to existing VC measures Trends in VC Operating Income（on a management accounting basis） • Mobility across land, sea, & air • SDV Expand customer touchpoints and • Robotics increase revenue through VC initiatives + Approx. 2.1t yen 150bn yen per year 1.4t yen 2021 2025 2030 21 21 *EW: Extended Warranty, PPM：Prepaid Maintenance, SAWA：Service Activated Warranty, PHYD：Pay How You Drive

Business Structure Reform: Transform into a Mobility Company ・Initiatives leveraging robotics Non-factory Initiatives Factory Initiatives (under demonstration) Parts transportation Parts picking Transportation of Product picking medical devices (under demonstration) To be expanded beyond factories in the future Introduction of other initiatives www.tri.global/our-work/robotics Toyota Research Institute 22

Transform into a Mobility Company : Target 20% ROE 現在 Current Past Mobility company (High earnings volatility due to <FY2020> (Expand and stabilize profits) new-vehicle-centric business) ROE 20% 10% 10% New areas 3.8 trillion yen Value Value • Expand value chain businesses 2.0 trillion yen Profit chain • Nurture new business domains chain VC (SDV, connected services, etc.) New New New vehicles vehicles vehicles 38 trillion yen Capital* Toward a capital structure 20 trillion yen Cumulative aligned with the profit profile shareholder returns: approx. 8 trillion yen *Average of beginning and ending equity attributable to owners of the parent (Toyota Motor Corporation) 23

(Ref.) Consolidated Vehicle Sales (3 months) （thousands of vehicles） 2,500 2,362 97.1% 2,293 Japan 536 2,000 105.4% N. America 565 Europe 1,500 660 93.4% 616 Asia Other 1,000 98.7% 306 302 • Central/South America 460 94.5% 434 • Oceania 500 • Africa • Middle East, etc. 93.9% 399 375 0 2025.1-3 2026.1-3 YoY Reference (retail) Toyota and Lexus Vehicle Sales 2,516 2,457 97.7% Electrified Vehicles [%] [48.8%] [52.8%] 1,228 1,297 105.6% HEV 1,147 1,181 103.0% PHEV 46 37 80.6% BEV 35 79 227.4% FCEV 0 0 64.3% Total Retail Vehicle Sales 2,715 2,677 98.6% 24

(Ref.) Consolidated Financial Summary (3 months) (billions of yen) Change 2025.1-3 2026.1-3 Sales Revenues 12,363.1 12,597.3 +234.1 Operating Income 1,116.0 569.4 -546.6 Margin 9.0% 4.5% Other Income -131.5 395.0 +526.6 Share of Profit (Loss) of Investments ＊ 136.4 114.8 -21.6 Accounted for Using the Equity Method Income before Income Taxes 984.4 964.5 -19.9 Net Income Attributable to 664.6 817.2 +152.5 Toyota Motor Corporation Margin 5.4% 6.5% US $ 153 yen 157 yen +4 yen FOREX Rates € 161 yen 184 yen +23 yen * Breakdown - Japan: 53.8 (-24.5 year on year), China: 33.0 (-5.2 year on year), Other: 27.8 (+8.1 year on year) 25

(Ref.) Analysis of Consolidated Operating Income (3 months) (billions of yen) Excluding the overall impact of foreign exchange rates and swap valuation gains/losses, etc.： -680.0 -80.0 +80.0 1,116.0 -35.0 -565.0 Effects of Cost Effects of FOREX Reduction Marketing Rates *1 Efforts Activities *2 Which includes: 569.4 +53.4 Strengthening Foundation of Suppliers/ Increase or Other *4 Materials Prices -130.0 +50.0 Cost Reduction Decrease in Expenses and Which includes: Expense Reduction Tariff Impact -180.0 Efforts *3 2025.1-3 2026.1-3 153 yen/US$ 157 yen/US$ Operating Income (-546.6) 161 yen/€ 184 yen/€ *1 Details *2 Details *3 Details *4 Details Transactional (Imports/Exports) +140.0 Volume, Model Mix -125.0 Labor Cost -70.0 Valuation Gains / Losses from Swaps, etc. +1.6 - US $ +55.0 Value Chain +20.0 Depreciation Expenses -30.0 Impact of Inflation Accounting, etc. +23.0 - Financial Services - € +55.0 +5.0 R&D Expenses -75.0 Other +28.8 - Other +30.0 Expenses, etc. -390.0 - Accessories / Spare Parts / +15.0 Used Vehicle / Connected, etc. Translational FOREX Impact Concerning -60.0 Overseas Subsidiaries, etc. Other +70.0 26

(Ref.) Geographic Operating Income (3 months) Operating Income (billions of yen) (excluding Valuation Gains/Losses relating to Swaps, etc.) [ ] Margin Consolidated Vehicle Sales (thousands of vehicles) N. America Japan Europe Asia Other Incl. China (excl. investments accounted for using the equity method of associates and joint ventures) (105.4%) 565 536 460 660 (94.5%) 434 (93.4%) 399 （93.9%） 616 375 306 302 (98.7%) -289.0 +13.6 528.3 817.4 -6.9 -28.0 [14.7%] [9.2%] -193.0 71.6 64.7 213.2 226.8 41.0 13.0 -99.9 [6.1%] -292.9 [5.1%] [9.7%] [9.7%] [2.3%] [0.7%] [-2.0%] [-5.9%] 2025.1-3 2026.1-3 2025.1-3 2026.1-3 2025.1-3 2025.1-3 2026.1-3 2025.1-3 2026.1-3 2026.1-3 Operating Income including Valuation Gains/Losses relating to Swaps, etc. (billions of yen) 814.0 524.5 -63.3 -287.5 42.4 33.0 211.2 234.7 72.9 70.7 27

(Ref.) China Business / Financial Services (3 months) (Ref.) China Business Financial Services Operating Income of Consolidated Subsidiaries (billions of yen) Operating Income (billions of yen) Share of Profit of Investments Accounted for Using the Equity ＊ Excluding Valuation Gains/Losses relating to Swaps, etc. Method of Associates and Joint Ventures (billions of yen) Toyota and Lexus Vehicle Sales (thousands of vehicles) 387 (95.7%) 371 57.3 +1.5 58.8 153.4 152.8 -0.5 38.3 -5.2 33.0 2026.1-3 2025.1-3 Operating Income including Valuation Gains/Losses relating to Swaps, etc. (billions of yen) 2025.1-3 2026.1-3 187.2 188.3 28

(Ref.) Transition of Financial Performance Sales Net Income Attributable to Consolidated Vehicle Operating Income (trillions of yen) (billions of yen) 1 (thousands of vehicles) Revenues Toyota Motor Corporation Sales * Operating Margin (%) 51.0 (billions of yen) 50.6 11.9 Net Margin (%) 9,600 48.0 9,595 9,362 9,443 10.0 45.0 8,822 11.0 9.9 7.4 7.3 7.6 5.9 6.6 5,352.9 5.9 37.2 4,795.5 4,944.9 4,765.0 3,766.2 3,848.0 3,000.0 3,000.0 2,725.0 2,451.3 2023.3 2024.3 2025.3 2026.3 2027.3 2023.3 2024.3 2025.3 2026.3 2027.3 2023.3 2024.3 2025.3 2026.3 2027.3 2023.3 2024.3 2025.3 2026.3 2027.3 2 6 Total Liquid Assets* Total Shareholder Return R&D Expenses* Capital Expenditures (billions of yen) (billions of yen) (billions of yen) (billions of yen) 7 Dividend per Share (yen) Ratio to Sales Revenues (%) Depreciation Expenses* 17,418.0 2,390.6 Interest- (Forecast ) 2,300.0 100 95 16,702.4 90 75 3.3 Bearing 3.1 60 2,134.8 15,079.5 3.0 *3 2.8 2.7 Debt 2,010.8 4,895.1 Share 1,600.0 *4 11,313.7 Repurchase 1,522.8 Net Liquid 1,605.8 15,288.3 *5 Assets 1,326.4 1,600.0 14,465.0 1,241.6 1,418.9 1,202.3 1,360.5 12,651.6 1,248.4 2,111.7 Dividend 1,185.0 1,378.4 9,027.7 1,116.9 1,238.2 1,178.4 1,011.7 816.9 2023.3 2024.3 2025.3 2026.3 2027.3 2023.3 2024.3 2025.3 2026.3 2023.3 2024.3 2025.3 2026.3 2027.3 2023.3 2024.3 2025.3 2026.3 2027.3 *1 FY2026 actual results include Hino-brand vehicles (104 thousand vehicles), while the FY2027 forecast does not include Hino-brand vehicles (consolidated vehicle sales, however, include certain Hino-brand vehicles manufactured by Toyota's consolidated subsidiaries). Forecast *2 Cash and cash equivalents, time deposits, public and corporate bonds and its investment in monetary trust funds, excluding in each case those relating to financial services. *3 Not including lease liabilities *4 Excluding shares constituting less than one unit that were purchased upon request and the commission fees incurred for the repurchase. *5 States the maximum value of shares resolved to be repurchased if before the completion of the repurchase period, or the actual purchase price of shares repurchased pursuant to that resolution if after the completion of the repurchase period. With regards to the amount recorded in the fiscal year ended March 31, 2026, this represents the value of shares that were planned to be repurchased through a tender offer as part of the process of taking Toyota Industries Corporation private. *6 Figures for R&D expenses are R&D activity related expenditures incurred during the reporting period and do not conform to research and development costs on Toyota's Consolidated Statement of Income. 29 *7 Figures for depreciation expenses and capital expenditures do not include vehicles in operating lease or right of use assets.

Toyota & Lexus (Ref.) FY2027 Forecast: Vehicle Production and Retail Sales FY26 Results (thousands of vehicles) FY27 Forecast Change 2025.4-2026.3 2026.4-2027.3 Japan 3,242 3,350 +108 *1 Vehicle 生産 Overseas 6,651 6,650 -1 Production Total 9,893 10,000 +107 Japan 1,475 1,500 +25 *1 Retail Overseas Vehicle 9,003 9,000 -3 Sales Total 10,477 10,500 +23 *2 *3 *1 Total Retail Vehicle Sales -103 11,283 11,180 *1 Including vehicles by Toyota’s unconsolidated entities *2 FY2026 actual results include Hino-brand vehicles (109 thousand vehicles). *3 FY2027 forecast does not include Hino-brand vehicles 30

*1 (Ref.) Transition of ROE 18.0% 15.8% 16.0% 13.9% 13.8% 13.7% 13.7% 13.6% 14.0% 11.5% 12.0% 10.6% 10.2% 10.1% 10.0% 9.8% 10.0% 9.0% Cost of Equity 8.5% *2 Approximately 6-10% 8.0% 6.0% 3.9% 4.0% 2.7% 2.0% 0.0% 11.3 12.3 13.3 14.3 15.3 16.3 17.3 18.3 19.3 20.3 21.3 22.3 23.3 24.3 25.3 26.3 ＊1 11.3-19.3：US GAAP, 20.3-26.3：IFRS ＊2 Our estimation based on Capital Asset Pricing Model 31

Customers Total Retail Vehicle Sales Toyota and Lexus Vehicle Sales Distributors or Dealers outside consolidation Consolidated Vehicle Sales *1 (Ref.) Definitions of Consolidated and Retail Vehicle Sales *2 Daihatsu- and Hino- brand vehicles Toyota- and Lexus- brand vehicles Number of vehicles produced for wholesale by Toyota Motor Corporation and its consolidated subsidiaries Number of vehicles produced for wholesale by Toyota’s unconsolidated entities (e.g. joint ventures in China, etc.) *1 There are a limited number of exceptional cases where sales are made other than in accordance with the flowchart above. *2 FY2026 actual results include Hino-brand vehicles, while FY2027 figures do not include Hino-brand vehicles. (consolidated vehicle sales, however, include certain Hino-brand vehicles manufactured by Toyota's consolidated subsidiaries) 32

(Reference Translation)

(For reference)

May 8, 2026

Toyota Motor Corporation

Holding of Ordinary General Shareholders’ Meeting


1. Date and Time:		10:00 a.m., Wednesday, June 17, 2026 (Japan Time)

2. Venue:		Toyota Head Office, 1, Toyota-cho, Toyota City, Aichi Prefecture

3. Meeting Agenda:

Reports:

Reports on business review, consolidated and unconsolidated financial statements for FY2026 (April 1, 2025 through March 31, 2026) and report by the Accounting Auditor and the Audit & Supervisory Committee on the audit results of the consolidated financial statements for FY2026.

Resolutions:


Proposed Resolution :		Election of 6 Members of the Board of Directors (Excluding Directors who are Audit & Supervisory Committee Members)

[Reference Translation]

May 8, 2026


		Company name:		TOYOTA MOTOR CORPORATION
		Representative:		Yoichi Miyazaki, Executive Vice President
				(Code number:7203; TSE Prime/NSE Premier)
		Inquiries:		Yoshihide Moriyama, General Manager, Capital Strategy & Affiliated Companies Finance Div.
				(Telephone: 0565-28-2121)

Notice Concerning the Disposition of Treasury Stock

under the Restricted Stock Compensation Plan

We hereby inform, as set forth below, that, at the meeting of the Board of Directors held today (the “Resolution Date”), Toyota Motor Corporation (“TMC”) announces that it has decided to dispose of its treasury stock (the “Disposition of Treasury Stock”) as follows.

1. Outline of the Disposal


(1)	Payment date	June 30, 2026

(2)	Class and number of shares to be disposed	634,900 shares of common stock of TMC

(3)	Disposal price	2,978 yen per share

(4)	Total value of the disposal	1,890,732,200 yen

			Number of allottees	Number of shares

(5)	Recipients of the treasury stock to be disposed of (allottees of shares)	Members of the Board of Directors as of the payment date (excluding Outside Members of the Board of Directors and Audit & Supervisory Committee Members)	3	511,400 shares
		Operating Officers of TMC who do not also serve as a member of the Board of Directors as of the date referred above	3	74,500 shares
		Members of the board of directors of subsidiaries of TMC as of the date referred above (excluding outside members of the board of directors and audit & supervisory committee members)	1	49,000 shares

(6)	Others	Regarding the Disposition of Treasury Stock, an Extraordinary Report in accordance with the Financial Instruments and Exchange Act has been filed.

2. Purposes and Reasons of the Disposal

TMC has resolved at the Meeting of the Board of Directors held on May 8, 2019 to newly introduce a restricted stock compensation plan (the “Plan”) for the members of the Board of Directors of TMC (excluding Outside Members of the Board of Directors) and the Operating Officers of TMC who do not also serve as a member of the Board of Directors, to improve the medium- to long-term corporate value of TMC, and to promote management from the same viewpoint as our shareholders with a stronger sense of responsibility as corporate managers.

At the 121st Ordinary General Meeting of Shareholders held on June 12, 2025, the shareholders approved, among other matters, TMC’s transition to a company with an Audit & Supervisory Committee, the establishment of a stock compensation with a maximum amount of up to 4.0 billion yen per year for the members of the Board of Directors of TMC (excluding Outside Members of the Board of Directors and Audit & Supervisory Committee Members) and a maximum of 4 million shares per year as the total number of restricted shares to be allotted.

Recently, from the perspective of promoting the execution of the medium- to long-term management plan on an integrated group basis under the shared philosophy common across the TMC Group, TMC has decided to expand the eligible persons under the Plan to include the members of the board of directors of certain subsidiaries of TMC (excluding outside members of the board of directors and audit & supervisory committee members) and the operating officers of certain subsidiaries of TMC who do not also serve as a member of the board of directors. Please note that, while the planned allottees in the Disposition of Treasury Stock include the members of the board of directors of subsidiaries of TMC, they do not include the operating officers of subsidiaries of TMC who do not also serve as a member of the board of directors.

3. Outline of the Plan and the allocation contract of the restricted stock (the “Allocation Contract”)


Eligible Persons		Members of the Board of Directors of TMC (excluding Outside Members of the Board of Directors and Audit & Supervisory Committee Members) and Operating Officers of TMC who do not also serve as a member of the Board of Directors and Members of the board of directors of certain subsidiaries of TMC (excluding outside members of the board of directors and audit & supervisory committee members) and operating officers of certain subsidiaries of TMC who do not also serve as a member of the board of directors.

Amount of the share compensation payable to each Eligible Person		Set each year considering factors such as corporate results, duties, and performance.

Type of shares to be allotted and method of allotment		Issuance or disposal of common shares (with transfer restrictions under an allotment agreement).

Amount to be paid for each share		Determined by the Board of Directors of TMC based on the closing price of TMC’s common shares on the Tokyo Stock Exchange on the business day prior to each resolution of the Board of Directors, within a range that is not particularly advantageous to the Eligible Persons.

Transfer restriction period		A period of between 3 and 50 years, as determined by the Board of Directors of TMC.


Conditions for removal of transfer restrictions		Members of the Board of Directors of TMC (excluding Outside Members of the Board of Directors and Audit & Supervisory Committee Members) and Operating Officers of TMC who do not also serve as a member of the Board of Directors: Restrictions will be removed upon the expiration of the transfer restriction period. However, restrictions on all of the allotted shares which the Eligible Person has will also be removed in the case of resignation from the position of member of the Board of Directors or an Operating Officer who does not also serve as a member of the Board of Directors of TMC due to expiration of the term of office or other legitimate reasons. Members of the board of directors of certain subsidiaries of TMC (excluding outside members of the board of directors and audit & supervisory committee members) and operating officers of certain subsidiaries of TMC who do not also serve as a member of the board of directors: Restrictions will be removed upon the expiration of the transfer restriction period. However, restrictions on all of the allotted shares which the Eligible Person has will also be removed in the case of resignation from all of the following positions due to expiration of the term of office or other legitimate reasons: member of the board of directors of a TMC subsidiary, operating officer of a TMC subsidiary who does not also serve as a director, or member of the Board of Directors of TMC or Operating Officer of TMC who does not also serve as a member of the Board of Directors.


Gratis acquisition by TMC		TMC will naturally acquire at no cost all of the allotted shares for which the transfer restrictions have not been lifted at the time of the expiration of the transfer restriction period, or at the time of the lifting of the transfer restrictions stipulated. Other grounds for gratis acquisition shall be stipulated by the Allocation Contract of the restricted stock based on a resolution of the Board of Directors of TMC.

This time, after consideration of the objectives of the Plan, TMC’s business performance, the scope of duties of the Eligible Persons and various factors, TMC decided to pay a total amount of 1,890,732,200 yen in monetary compensation claims (the “Monetary Compensation Claims”) for the granting of 634,900 common shares of TMC (the “Number of Shares to Be Allotted”).

Based on the Plan, the 7 Eligible Persons who are the expected allottees of shares will pay in as property contributed in kind all the Monetary Compensation Claims and receive the disposal of common shares of TMC (the “Allotted Shares”) upon the Disposition of Treasury Stock, and the transfer restriction period is 50 years (June 30, 2026 - June 30, 2076).

In addition, with respect to the members of the Board of Directors of TMC (excluding Outside Members of the Board of Directors and Audit & Supervisory Committee Members) and Operating Officers of TMC who do not also serve as a member of the Board of Directors, the Allocation Contract contains a clawback provision stating that TMC can mandatorily recover the resulting overpaid portion of performance-based remuneration from incumbent or retired Eligible Persons who received such remuneration, if TMC is required, in connection with financial reporting requirements under applicable laws and regulations, to restate its past financial statements. Such clawback provision shall not apply to members of the board of directors of subsidiaries of TMC (excluding outside members of the board of directors and audit & supervisory committee members) or operating officers of subsidiaries of TMC who do not also serve as a member of the board of directors.

To prevent the transfer, creation of a security interest on, or disposal of the Allotted Shares for as long as the restrictions are in effect, the Eligible Persons deposit the Allotted Shares in dedicated accounts with Nomura Securities Co., Ltd. for the administration during the transfer restriction period.

4. Basis for calculating the amount to be paid for each share and other specific details

The Disposition of Treasury Stock to the expected allottees of shares will be made by way of in-kind contribution of the Monetary Compensation Claims paid for granting restricted shares under the Plan for TMC’s 122nd business term. To avoid issuing the shares based on arbitrary decisions on price, the closing price of the common shares of TMC on the Prime Market of the Tokyo Stock Exchange of 2,978 yen on May 7, 2026 (the business day immediately prior to the Resolution Date), is taken to be the disposal price. Since this was the market price immediately before the date of the resolution of the Board of Directors, it is believed to be reasonable and not to be particularly advantageous. In addition, the Number of Shares to Be Allotted were determined at the Executive Compensation Meeting held on April 23, 2026.

End of document

Source: View Original Filing on SEC EDGAR

FAQ

How did Toyota Motor Corporation (TM) perform financially in FY2026?

Toyota increased FY2026 sales revenues to ¥50,684.9 billion, up 5.5% year over year, but operating income fell to ¥3,766.2 billion and net income attributable to Toyota declined to ¥3,848.0 billion, reflecting higher expenses and other cost pressures despite higher vehicle sales.

What were Toyota (TM)’s key profitability and margin trends in FY2026?

Toyota’s FY2026 operating margin fell from 10.0% to 7.4%, while the net income margin attributable to Toyota decreased from 9.9% to 7.6%. These shifts came as operating income dropped 21.5% and net income declined 19.2% despite solid top-line growth and higher global unit sales.

What guidance did Toyota (TM) provide for FY2027 revenue and profit?

For FY2027, Toyota forecasts sales revenues of ¥51,000.0 billion, slightly above FY2026. However, it expects operating income to decline to ¥3,000.0 billion and net income attributable to Toyota to fall to ¥3,000.0 billion, implying further margin pressure versus the prior year.

How did U.S. tariffs affect Toyota’s FY2026 operating income?

Toyota disclosed that U.S. tariffs had a negative impact of ¥1,380.0 billion on consolidated operating income in FY2026. This tariff burden was a major factor behind the 21.5% year-over-year drop in operating income, partially offsetting benefits from higher sales volumes and marketing initiatives.

What was Toyota (TM)’s cash flow and cash position at the end of FY2026?

In FY2026, Toyota generated ¥5,472.9 billion in net cash from operating activities, up strongly from the prior year. Cash and cash equivalents at year-end rose to ¥12,659.6 billion, a 40.9% increase, giving the company a larger liquidity buffer for operations and investment plans.

What dividends did Toyota (TM) pay for FY2026 and forecast for FY2027?

Toyota paid total FY2026 cash dividends of ¥95.00 per common share, up from ¥90.00 in FY2025, with annual dividend cash outlays of ¥1,238.2 billion. For FY2027, the company forecasts a higher full-year dividend of ¥100.00 per share, continuing its stable increase policy.

Filing Exhibits & Attachments

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Toyota (NYSE: TM) grows FY2026 sales as profits fall and FY2027 guidance softens

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FAQ

How did Toyota Motor Corporation (TM) perform financially in FY2026?

What were Toyota (TM)’s key profitability and margin trends in FY2026?

What guidance did Toyota (TM) provide for FY2027 revenue and profit?

How did U.S. tariffs affect Toyota’s FY2026 operating income?

What was Toyota (TM)’s cash flow and cash position at the end of FY2026?

What dividends did Toyota (TM) pay for FY2026 and forecast for FY2027?

Filing Exhibits & Attachments

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