FY2026 FINANCIAL SUMMARY

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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

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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

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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.

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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.

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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.

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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.

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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

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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

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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

-11-

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

-12-

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

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