6-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

Report ofForeign Private Issuer

Pursuant to Rule 13a-16 or15d-16 under

the Securities Exchange Act of 1934

For the month of August, 2024

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 ofPrincipal 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<br>August 1, 2024, with respect to the registrant’s results of operations for the first quarter of FY2025 ended June 30, 2024.

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: August 1, 2024

FY2025 FIRST QUARTER FINANCIAL SUMMARY

FINANCIAL SUMMARY

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

FY2025 First Quarter

(April 1, 2024 through June 30, 2024)

English translation from the original Japanese-language document

TOYOTA MOTOR CORPORATION

FY2025 First Quarter Consolidated Financial Results

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

English translation from the original Japanese-language document

August 1, 2024

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	:	Koji Sato, President
Contact person	:	Hideaki Hayashi, General Manager, Accounting Division<br>Tel. (0565)28-2121
Payment date of cash dividends	:	—
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 FY2025 First Quarter (April 1, 2024 through June 30, 2024)
(1)	Consolidated financial results (For the first quarter ended June 30)
---	---
	(% of change from previous first quarter)
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
	Sales revenues				Operating income				Income before<br>income taxes				Net income				Net income<br>attributable to<br>Toyota MotorCorporation				Comprehensive<br>income
	Million yen		%		Million yen		%		Million yen		%		Million yen		%		Million yen		%		Million yen		%
FY2025 first quarter		11,837,879		12.2		1,308,462		16.7		1,872,258		8.8		1,363,823		2.8		1,333,347		1.7		2,196,759		-14.0
FY2024 first quarter		10,546,831		24.2		1,120,900		93.7		1,720,553		68.4		1,326,890		75.0		1,311,372		78.0		2,553,887		51.3
	Earnings per share attributable toToyota Motor Corporation – Basic		Earnings per share attributable toToyota Motor Corporation – Diluted
---	---	---	---	---
	Yen		Yen
FY2025 first quarter		98.99		98.99
FY2024 first quarter		96.74		96.74
(2)	Consolidated financial position
---	---
	Total assets		Total shareholders’ equity		Toyota Motor Corporation<br>shareholders’ equity		Ratio of<br>Toyota Motor Corporation<br>shareholders’ equity
---	---	---	---	---	---	---	---	---
	Million yen		Million yen		Million yen		%
FY2025 first quarter		94,037,319		36,779,372		35,737,743		38.0
FY2024		90,114,296		35,239,338		34,220,991		38.0
2.	Cash Dividends
---	---
	Annual cash dividends per common share
---	---	---	---	---	---	---	---	---	---	---
	End of first<br>quarter		End of second<br>quarter		End of third<br>quarter		Year-end		Total
	Yen		Yen		Yen		Yen		Yen
FY2024		—		30.00		—		45.00		75.00
FY2025		—
FY2025 (forecast)				—		—		—		—
(Note)	Revisions to the forecast of cash dividends since the latest announcement: none
---	---
3.	Forecast of Consolidated Results for FY2025 (April 1, 2024 through March 31, 2025)
---	---
	(% of change from FY2024)
---	---	---	---	---	---	---	---	---	---	---	---	---	---
	Sales revenues			Operating income			Income before income<br><br><br>taxes			Net income attributable to<br><br><br>Toyota Motor<br><br><br>Corporation			Earnings per share<br><br><br>attributable to Toyota<br><br><br>Motor Corporation – Basic
	Million yen	%		Million yen	%		Million yen	%		Million yen	%		Yen
Full-year	46,000,000		2.0	4,300,000		-19.7	5,070,000		-27.2	3,570,000		-27.8	265.04
(Note)	Revisions to the forecast of consolidated results since the latest announcement: none
---	---

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 period (including treasury stock):<br>
---	---
FY2025 first quarter 15,794,987,460 shares, FY2024 16,314,987,460 shares
---
(ii)	Number of treasury stock at the end of each period: FY2025 first quarter 2,325,417,265 shares,<br>
---	---
FY2024 2,840,815,433 shares
---
(iii)	Average number of shares issued and outstanding in each period: FY2025 first quarter 13,469,159,202 shares,<br>
---	---
FY2024 first quarter 13,555,662,829 shares
---

Review of the Japanese-language originals of the attached condensed quarterly consolidated financial statements by certified public accountants or an auditfirm: yes (voluntary)

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

This report contains forward-looking statements that reflect Toyota’s plans and expectations. These forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause Toyota’s actual results, performance, achievements or financial position to be materially different from any future results, performance, achievements or financial position expressed or implied by these forward-looking statements. These factors include, but are not limited to: (i) changes in economic conditions, market demand, and the competitive environment affecting the automotive markets in Japan, North America, Europe, Asia and other markets in which Toyota operates; (ii) fluctuations in currency exchange rates, particularly with respect to the value of the Japanese yen, the U.S. dollar, the euro, the Australian dollar, the Canadian dollar and the British pound, fluctuations in stock prices, and interest rates fluctuations; (iii) changes in funding environment in financial markets and increased competition in the financial services industry; (iv) Toyota’s ability to market and distribute effectively; (v) Toyota’s ability to realize production efficiencies and to implement capital expenditures at the levels and times planned by management; (vi) changes in the laws, regulations and government policies in the markets in which Toyota operates that affect Toyota’s automotive operations, particularly laws, regulations and government policies relating to vehicle safety including remedial measures such as recalls, trade, environmental protection, vehicle emissions and vehicle fuel economy, as well as changes in laws, regulations and government policies that affect Toyota’s other operations, including the outcome of 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’s annual report on Form 20-F, which is on file with the United States Securities and Exchange Commission.

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 FY2025 First Quarter Financial Summary

TABLE OF CONTENTS

Financial Results and Position	2
1. Consolidated Financial Results for FY2025 First Quarter	2
2. Consolidated Financial Position for FY2025 First Quarter	4
Unaudited Condensed Quarterly ConsolidatedFinancial Statements	5
1. Unaudited Condensed Quarterly Consolidated Statement of Financial Position	5
2. Unaudited Condensed Quarterly Consolidated Statement of Income and<br>Unaudited Condensed Quarterly Consolidated Statement of Comprehensive Income	7
3. Unaudited Condensed Quarterly Consolidated Statement of Changes in Equity	9
4. Unaudited Condensed Quarterly Consolidated Statement of Cash Flows	10
5. Notes to Unaudited Condensed Quarterly Consolidated Financial Statements	11
(1) Going Concern Assumption	11
(2) Segment Information	12

Supplemental Material for Financial Results for FY2025 First Quarter

—1—

TOYOTA MOTOR CORPORATION FY2025 First Quarter Financial Summary

Financial Results and Position

Consolidated Financial Results for FY2025 First Quarter

Financial Results

Consolidated vehicle unit sales in Japan and overseas decreased by 74 thousand units, or 3.2%, to 2,252 thousand units in FY2025 first quarter (the first quarter ended June 30, 2024) compared with FY2024 first quarter (the first quarter ended June 30, 2023). Vehicle unit sales in Japan decreased by 110 thousand units, or 20.8%, to 421 thousand units in FY2025 first quarter compared with FY2024 first quarter. Meanwhile, overseas vehicle unit sales increased by 36 thousand units, or 2.0%, to 1,830 thousand units in FY2025 first quarter compared with FY2024 first quarter.

The results of operations for FY2025 first quarter were as follows:

Sales revenues	11,837.8 billion yen	(an increase of 1,291.0 billion yen or 12.2% compared with FY2024 first<br>quarter)
Operating income	1,308.4 billion yen	(an increase of 187.5 billion yen or 16.7% compared with FY2024 first quarter)
Income before income taxes	1,872.2 billion yen	(an increase of 151.7 billion yen or 8.8% compared with FY2024 first quarter)
Net income attributable to<br> <br>Toyota Motor<br>Corporation	1,333.3 billion yen	(an increase of 21.9 billion yen or 1.7% compared with FY2024 first quarter)

The changes in operating income were as follows:

Marketing efforts	an increase of 70.0 billion yen
Effects of changes in exchange rates	an increase of 370.0 billion yen
Cost reduction efforts	an increase of 55.0 billion yen
Increase or decrease in expenses and expense reduction efforts	a decrease of 225.0 billion yen
Other	a decrease of 82.5 billion yen

—2—

TOYOTA MOTOR CORPORATION FY2025 First Quarter Financial Summary

Segment Operating Results

(1) Automotive:

Sales revenues for the automotive operations increased by 1,071.7 billion yen, or 11.1%, to 10,759.7 billion yen in FY2025 first quarter compared with FY2024 first quarter, and operating income increased by 172.2 billion yen, or 18.2%, to 1,117.9 billion yen in FY2025 first quarter compared with FY2024 first quarter. The increase in operating income was mainly due to the effects of changes in exchange rates.

(2) Financial services:

Sales revenues for the financial services operations increased by 230.1 billion yen, or 29.7%, to 1,005.3 billion yen in FY2025 first quarter compared with FY2024 first quarter, and operating income increased by 12.4 billion yen, or 8.4%, to 159.7 billion yen in FY2025 first quarter compared with FY2024 first quarter. The increase in operating income was mainly due to increase in loan balance in sales finance subsidiaries in the United States.

(3) All other:

Sales revenues for all other businesses increased by 9.2 billion yen, or 3.0%, to 315.6 billion yen in FY2025 first quarter compared with FY2024 first quarter, and operating income increased by 0.5 billion yen, or 1.4%, to 40.7 billion yen in FY2025 first quarter compared with FY2024 first quarter.

Geographic Information

(1) Japan:

Sales revenues in Japan increased by 118.5 billion yen, or 2.3%, to 5,224.0 billion yen in FY2025 first quarter compared with FY2024 first quarter, and operating income increased by 179.3 billion yen, or 25.5%, to 881.2 billion yen in FY2025 first quarter compared with FY2024 first quarter. The increase in operating income was mainly due to the effects of changes in exchange rates.

(2) North America:

Sales revenues in North America increased by 910.3 billion yen, or 22.2%, to 5,002.4 billion yen in FY2025 first quarter compared with FY2024 first quarter. However, operating income decreased by 34.5 billion yen, or 28.9%, to 85.0 billion yen in FY2025 first quarter compared with FY2024 first quarter. The decrease in operating income was mainly due to the increase in expenses and others.

(3) Europe:

Sales revenues in Europe increased by 209.9 billion yen, or 16.2%, to 1,509.0 billion yen in FY2025 first quarter compared with FY2024 first quarter, and operating income increased by 41.5 billion yen, or 50.0%, to 124.6 billion yen in FY2025 first quarter compared with FY2024 first quarter. The increase in operating income was mainly due to the decrease in expenses and others.

(4) Asia:

Sales revenues in Asia increased by 267.1 billion yen, or 13.6%, to 2,231.7 billion yen in FY2025 first quarter compared with FY2024 first quarter, and operating income increased by 59.7 billion yen, or 32.1%, to 245.9 billion yen in FY2025 first quarter compared with FY2024 first quarter. The increase 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 29.2 billion yen, or 2.9%, to 1,053.8 billion yen in FY2025 first quarter compared with FY2024 first quarter. However, operating income decreased by 43.6 billion yen, or 51.1%, to 41.7 billion yen in FY2025 first quarter compared with FY2024 first quarter. The decrease in operating income was mainly due to the unfavorable impact of inflation and weak peso in Argentina.

—3—

TOYOTA MOTOR CORPORATION FY2025 First Quarter Financial Summary

Consolidated Financial Position for FY2025 first quarter

Financial Position

The financial position for FY2025 first quarter was as follows:

Total assets increased by 3,923.0 billion yen, or 4.4%, to 94,037.3 billion yen at the end of FY2025 first quarter compared with the end of FY2024. Liabilities increased by 2,382.9 billion yen, or 4.3%, to 57,257.9 billion yen at the end of FY2025 first quarter compared with the end of FY2024. Shareholders’ equity increased by 1,540.0 billion yen, or 4.4%, to 36,779.3 billion yen at the end of FY2025 first quarter compared with the end of FY2024.

Overview of Cash Flow

Cash and cash equivalents decreased by 1,814.9 billion yen, or 19.3%, to 7,597.0 billion yen at the end of FY2025 first quarter compared with the end of FY2024.

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

Cash flows from operating activities

Net cash flows from operating activities resulted in an increase in cash by 683.6 billion yen in FY2025 first quarter. Net cash provided by operating activities decreased by 674.5 billion yen from 1,358.2 billion yen in FY2024 first quarter.

Cash flows from investing activities

Net cash flows from investing activities resulted in a decrease in cash by 2,399.6 billion yen in FY2025 first quarter. Net cash used in investing activities increased by 1,282.5 billion yen from 1,117.0 billion yen in FY2024 first quarter.

Cash flows from financing activities

Net cash flows from financing activities resulted in a decrease in cash by 318.7 billion yen in FY2025 first quarter. Net cash used in financing activities increased by 225.9 billion yen from 92.8 billion yen in FY2024 first quarter.

—4—

TOYOTA MOTOR CORPORATION FY2025 First Quarter Financial Summary

Unaudited Condensed Quarterly Consolidated FinancialStatements and

Notes to Unaudited Condensed Quarterly Consolidated Financial Statements

Unaudited Condensed Quarterly Consolidated Statement of Financial Position

	Yen in millions
	March 31, 2024			June 30, 2024
Assets
Current assets
Cash and cash equivalents		9,412,060			7,597,094
Trade accounts and other receivables		3,789,429			4,040,297
Receivables related to financial services		11,057,269			11,937,807
Other financial assets		4,702,168			6,029,041
Inventories		4,605,368			4,787,791
Income tax receivable		116,886			163,593
Other current assets		1,031,098			1,168,228
Total current assets		34,714,279			35,723,850
Non-current assets
Investments accounted for using the equity method		5,710,106			5,606,133
Receivables related to financial services		20,637,090			22,468,466
Other financial assets		11,390,559			11,696,448
Property, plant and equipment
Land		1,441,811			1,453,632
Buildings		5,884,749			6,033,632
Machinery and equipment		16,469,032			17,123,075
Vehicles and equipment on operating leases		7,523,911			8,072,550
Construction in progress		1,040,188			1,186,723
Total property, plant and equipment, at cost		32,359,692			33,869,612
Less - Accumulated depreciation and impairment losses		(18,101,905	)		(18,855,355	)
Total property, plant and equipment, net		14,257,788			15,014,257
Right of use assets		532,835			579,402
Intangible assets		1,355,326			1,356,564
Deferred tax assets		502,230			532,424
Other non-current assets		1,014,083			1,059,773
Total non-current assets		55,400,017			58,313,468
Total assets		90,114,296			94,037,319

—5—

TOYOTA MOTOR CORPORATION FY2025 First Quarter Financial Summary

	Yen in millions
	March 31, 2024			June 30, 2024
Liabilities
Current liabilities
Trade accounts and other payables		5,251,357			5,146,699
Short-term and current portion of long-term debt		15,406,284			16,721,672
Accrued expenses		1,863,760			1,956,814
Other financial liabilities		1,700,137			1,896,316
Income taxes payable		1,224,542			689,698
Liabilities for quality assurance		1,836,314			1,929,945
Other current liabilities		1,895,516			1,864,135
Total current liabilities		29,177,909			30,205,278
Non-current liabilities
Long-term debt		21,155,496			22,193,255
Other financial liabilities		495,814			571,385
Retirement benefit liabilities		1,077,962			1,115,760
Deferred tax liabilities		2,219,638			2,222,806
Other non-current liabilities		748,139			949,463
Total non-current liabilities		25,697,049			27,052,669
Total liabilities		54,874,958			57,257,947
Shareholders’ equity
Common stock		397,050			397,050
Additional paid-in capital		491,802			491,081
Retained earnings		32,795,365			32,741,232
Other components of equity		4,503,756			5,364,252
Treasury stock		(3,966,982	)		(3,255,871	)
Total Toyota Motor Corporation shareholders’ equity		34,220,991			35,737,743
Non-controlling interests		1,018,347			1,041,628
Total shareholders’ equity		35,239,338			36,779,372
Total liabilities and shareholders’ equity		90,114,296			94,037,319

—6—

TOYOTA MOTOR CORPORATION FY2025 First Quarter Financial Summary

Unaudited Condensed Quarterly Consolidated Statement of Income and

Unaudited Condensed Quarterly Consolidated Statement of Comprehensive Income

Unaudited Condensed Quarterly Consolidated Statement of Income

	Yen in millions
	For the first quarter ended<br>June 30, 2023			For the first quarter ended<br>June 30, 2024
Sales revenues
Sales of products		9,785,454			10,845,224
Financial services		761,377			992,656
Total sales revenues		10,546,831			11,837,879
Costs and expenses
Cost of products sold		8,040,979			8,774,492
Cost of financial services		442,948			634,942
Selling, general and administrative		942,003			1,119,984
Total costs and expenses		9,425,931			10,529,418
Operating income		1,120,900			1,308,462
Share of profit (loss) of investments accounted for using the equity method		193,356			164,937
Other finance income		190,127			173,800
Other finance costs		(23,339	)		(16,509	)
Foreign exchange gain (loss), net		246,776			236,999
Other income (loss), net		(7,267	)		4,570
Income before income taxes		1,720,553			1,872,258
Income tax expense		393,663			508,435
Net income		1,326,890			1,363,823
Net income attributable to
Toyota Motor Corporation		1,311,372			1,333,347
Non-controlling interests		15,518			30,476
Net income		1,326,890			1,363,823
	Yen
Earnings per share attributable to Toyota Motor Corporation
Basic and Diluted		96.74			98.99

—7—

TOYOTA MOTOR CORPORATION FY2025 First Quarter Financial Summary

Unaudited Condensed Quarterly Consolidated Statement of Comprehensive Income

	Yen in millions
	For the first quarter ended<br>June 30, 2023			For the first quarter ended<br>June 30, 2024
Net income		1,326,890			1,363,823
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<br>income		375,035			101,831
Remeasurements of defined benefit plans		(3,074	)		(5,679	)
Share of other comprehensive income of equity method investees		60,922			5,634
Total of items that will not be reclassified to profit (loss)		432,883			101,786
Items that may be reclassified subsequently to profit (loss)
Exchange differences on translating foreign operations		760,182			628,685
Net changes in revaluation of financial assets measured at fair value through other comprehensive<br>income		(7,604	)		(21,714	)
Share of other comprehensive income of equity method investees		41,536			124,179
Total of items that may be reclassified subsequently to profit (loss)		794,114			731,149
Total other comprehensive income, net of tax		1,226,997			832,936
Comprehensive income		2,553,887			2,196,759
Comprehensive income for the period attributable to
Toyota Motor Corporation		2,500,599			2,139,964
Non-controlling interests		53,288			56,794
Comprehensive income		2,553,887			2,196,759

—8—

TOYOTA MOTOR CORPORATION FY2025 First Quarter Financial Summary

Unaudited Condensed Quarterly Consolidated Statement of Changes in Equity

For the first quarter ended June 30, 2023

	Yen in millions
	Common<br>stock		Additional<br>paid-<br>in capital			Retained<br>earnings			Other<br>components<br>of equity			Treasury<br>stock			Toyota Motor<br>Corporation<br>shareholders’<br>equity			Non-<br>controlling<br>interests			Total<br>shareholders’<br>equity
Balances at April 1, 2023		397,050		498,728			28,343,296			2,836,195			(3,736,562	)		28,338,706			925,507			29,264,213
Comprehensive income
Net income		—		—			1,311,372			—			—			1,311,372			15,518			1,326,890
Other comprehensive income, net of tax		—		—			—			1,189,227			—			1,189,227			37,770			1,226,997
Total comprehensive income		—		—			1,311,372			1,189,227			—			2,500,599			53,288			2,553,887
Transactions with owners and other
Dividends paid		—		—			(474,781	)		—			—			(474,781	)		(35,457	)		(510,238	)
Repurchase of treasury stock		—		—			—			—			(34,377	)		(34,377	)		—			(34,377	)
Reissuance of treasury stock		—		263			—			—			649			911			—			911
Equity transactions and other		—		(995	)		—			—			—			(995	)		1,003			8
Total transactions with owners and other		—		(733	)		(474,781	)		—			(33,728	)		(509,242	)		(34,454	)		(543,696	)
Reclassification to retained earnings		—		—			99,799			(99,799	)		—			—			—			—
Balances at June 30, 2023		397,050		497,995			29,279,685			3,925,624			(3,770,291	)		30,330,063			944,341			31,274,404
For the first quarter ended June 30,2024																							****
	Yen in millions
	Common<br>stock		Additional<br>paid-in<br>capital			Retained<br>earnings			Other<br>components<br>of equity			Treasury<br>stock			Toyota Motor<br>Corporation<br>shareholders’<br>equity			Non-<br>controlling<br>interests			Total<br>shareholders’<br>equity
Balances at April 1, 2024		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		—		—			1,333,347			—			—			1,333,347			30,476			1,363,823
Other comprehensive income, net of tax		—		—			—			806,618			—			806,618			26,318			832,936
Total comprehensive income		—		—			1,333,347			806,618			—			2,139,964			56,794			2,196,759
Transactions with owners and other
Dividends paid		—		—			(606,338	)		—			—			(606,338	)		(43,568	)		(649,906	)
Repurchase of treasury stock		—		—			—			—			(18,972	)		(18,972	)		—			(18,972	)
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		—		(125	)		—			—			—			(125	)		10,055			9,930
Total transactions with owners and other		—		(721	)		(1,333,602	)		—			711,111			(623,212	)		(33,513	)		(656,725	)
Reclassification to retained earnings		—		—			(53,878	)		53,878			—			—			—			—
Balances at June 30, 2024		397,050		491,081			32,741,232			5,364,252			(3,255,871	)		35,737,743			1,041,628			36,779,372

—9—

TOYOTA MOTOR CORPORATION FY2025 First Quarter Financial Summary

Unaudited Condensed Quarterly Consolidated Statement of Cash Flows

	Yen in millions
	For the first quarter ended<br>June 30, 2023			For the first quarter ended<br>June 30, 2024
Cash flows from operating activities
Net income		1,326,890			1,363,823
Depreciation and amortization		505,809			575,278
Interest income and interest costs related to financial services, net		(174,594	)		(197,906	)
Share of profit (loss) of investments accounted for using the equity method		(193,356	)		(164,937	)
Income tax expense		393,663			508,435
Changes in operating assets and liabilities, and other		(802,363	)		(1,024,898	)
Interest received		488,866			667,642
Dividends received		445,938			467,291
Interest paid		(204,171	)		(324,593	)
Income taxes paid, net of refunds		(428,464	)		(1,186,473	)
Net cash provided by (used in) operating activities		1,358,218			683,661
Cash flows from investing activities
Additions to fixed assets excluding equipment leased to others		(458,706	)		(405,618	)
Additions to equipment leased to others		(636,023	)		(1,028,186	)
Proceeds from sales of fixed assets excluding equipment leased to others		8,165			10,098
Proceeds from sales of equipment leased to others		460,086			629,911
Additions to intangible assets		(80,030	)		(63,862	)
Additions to public and corporate bonds and stocks		(614,453	)		(1,137,458	)
Proceeds from sales of public and corporate bonds and stocks and upon maturity of public and<br>corporate bonds		755,711			649,510
Other, net		(551,805	)		(1,053,998	)
Net cash provided by (used in) investing activities		(1,117,054	)		(2,399,603	)
Cash flows from financing activities
Increase (decrease) in short-term debt		138,977			79,936
Proceeds from long-term debt		2,181,694			3,036,195
Payments of long-term debt		(1,869,180	)		(2,774,003	)
Dividends paid to Toyota Motor Corporation common shareholders		(474,781	)		(606,338	)
Dividends paid to non-controlling interests		(35,457	)		(43,568	)
Reissuance (repurchase) of treasury stock		(34,377	)		(18,972	)
Other, net		268			7,960
Net cash provided by (used in) financing activities		(92,858	)		(318,790	)
Effect of exchange rate changes on cash and cash equivalents		241,175			219,765
Net increase (decrease) in cash and cash equivalents		389,481			(1,814,966	)
Cash and cash equivalents at beginning of period		7,516,966			9,412,060
Cash and cash equivalents at end of period		7,906,447			7,597,094

—10—

TOYOTA MOTOR CORPORATION FY2025 First Quarter Financial Summary

Notes to Unaudited Condensed Quarterly Consolidated Financial Statements

(1) Going Concern Assumption

None

—11—

TOYOTA MOTOR CORPORATION FY2025 First Quarter Financial Summary

(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 operating results

For the first quarter ended June 30, 2023:

	Yen in millions
	Automotive		Financialservices		All other		Elimination			Consolidated
Sales revenues
Revenues from external customers		9,669,784		761,377		115,670		—			10,546,831
Inter-segment revenues and transfers		18,160		13,803		190,773		(222,736	)		—
Total		9,687,944		775,180		306,443		(222,736	)		10,546,831
Operating expenses		8,742,306		627,887		266,217		(210,479	)		9,425,931
Operating income		945,639		147,293		40,226		(12,256	)		1,120,900

For the first quarter ended June 30, 2024:

	Yen in millions
	Automotive		Financialservices		All other		Elimination			Consolidated
Sales revenues
Revenues from external customers		10,707,121		992,656		138,102		—			11,837,879
Inter-segment revenues and transfers		52,584		12,710		177,567		(242,861	)		—
Total		10,759,705		1,005,366		315,669		(242,861	)		11,837,879
Operating expenses		9,641,799		845,627		274,879		(232,888	)		10,529,418
Operating income		1,117,906		159,738		40,790		(9,973	)		1,308,462

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

—12—

TOYOTA MOTOR CORPORATION FY2025 First Quarter Financial Summary

(iii) Geographic information

For the first quarter ended June 30, 2023:

	Yen in millions
	Japan		North America		Europe		Asia		Other		Elimination			Consolidated
Sales revenues
Revenues from external customers		2,588,180		4,025,715		1,255,454		1,702,911		974,571		—			10,546,831
Inter-segment revenues and transfers		2,517,373		66,358		43,613		261,668		50,073		(2,939,086	)		—
Total		5,105,553		4,092,074		1,299,067		1,964,579		1,024,644		(2,939,086	)		10,546,831
Operating expenses		4,403,604		3,972,416		1,215,976		1,778,377		939,236		(2,883,679	)		9,425,931
Operating income		701,949		119,658		83,090		186,202		85,408		(55,406	)		1,120,900

For the first quarter ended June 30, 2024:

	Yen in millions
	Japan		North America		Europe		Asia		Other		Elimination			Consolidated
Sales revenues
Revenues from external customers		2,470,246		4,914,562		1,461,791		1,950,769		1,040,512		—			11,837,879
Inter-segment revenues and transfers		2,753,849		87,865		47,215		281,006		13,345		(3,183,279	)		—
Total		5,224,094		5,002,427		1,509,006		2,231,775		1,053,857		(3,183,279	)		11,837,879
Operating expenses		4,342,815		4,917,366		1,384,330		1,985,829		1,012,062		(3,112,985	)		10,529,418
Operating income		881,279		85,061		124,676		245,946		41,795		(70,294	)		1,308,462

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

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

—13—

TOYOTA MOTOR CORPORATION FY2025 First Quarter Financial Summary

(iv) Sales revenues by location of external customers

	Yen in millions
	For the first quarter ended June 30,
	2023		2024
Japan		1,888,484		1,738,709
North America		4,031,922		4,934,278
Europe		1,225,994		1,419,779
Asia		1,786,939		1,976,558
Other		1,613,493		1,768,555
Total		10,546,831		11,837,879

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

—14—

Supplemental Material for Financial Results for FY2025 First Quarter(Consolidated)

< IFRS >

	FY2024															FY2025			FY2025
	1Q<br>(2023/4-6)			2Q<br>(2023/7-9)			3Q<br>(2023/10-12)			4Q<br>(2024/1-3)			12 months<br>(‘23/4-‘24/3)			1Q<br>(2024/4-6)			Forecast<br>12 months<br>(‘24/4-‘25/3)
Vehicle Production (thousands of units)		2,345			2,379			2,444			2,095			9,263			2,186
(Japan) <br>–including Daihatsu & Hino		1,025			1,090			1,115			813			4,042			901
[Daihatsu & Hino]		[190	]		[232	]		[247	]		[65	]		[734	]		[141	]
(Overseas) <br>–including Daihatsu & Hino		1,321			1,289			1,328			1,282			5,221			1,285
[Daihatsu & Hino]		[118	]		[139	]		[134	]		[114	]		[506	]		[106	]
North America		520			482			475			499			1,976			523
Europe		223			161			238			224			846			215
Asia		437			498			489			453			1,876			434
Central and South America		102			105			91			85			383			87
Africa		39			44			35			22			140			26
Vehicle Sales (thousands of units)		2,326			2,418			2,551			2,148			9,443			2,252			9,500
(Japan) <br>–including Daihatsu & Hino		532			540			558			363			1,993			421			1,870
[Daihatsu & Hino]		[134	]		[141	]		[154	]		[48	]		[477	]		[84	]		[330	]
(Overseas) <br>–including Daihatsu & Hino		1,794			1,878			1,993			1,784			7,450			1,830			7,630
[Daihatsu & Hino]		[69	]		[74	]		[64	]		[64	]		[271	]		[61	]		[270	]
North America		682			703			776			655			2,816			705			2,870
Europe		286			270			327			308			1,192			291			1,160
Asia		417			478			480			428			1,804			436			1,940
Central and South America		128			126			120			136			510			114			500
Oceania		76			87			80			74			318			82			300
Africa		59			62			55			46			221			49			260
Middle East		143			149			151			136			579			151			600
Other		3			2			3			2			10			2
Total Retail Unit Sales (thousands of units) <br>[Toyota, Daihatsu and Hino]		2,751			2,845			2,968			2,526			11,090			2,636			10,950

Supplemental 1

Supplemental Material for Financial Results for FY2025 First Quarter (Consolidated)

< IFRS >

	FY2024															FY2025			FY2025
	1Q<br>(2023/4-6)			2Q<br>(2023/7-9)			3Q<br>(2023/10-12)			4Q<br>(2024/1-3)			12 months<br>(‘23/4-‘24/3)			1Q<br>(2024/4-6)			Forecast<br>12 months<br>(‘24/4-‘25/3)
Foreign Exchange Rates
Yen to US Dollar Rate		137			145			148			149			145			156			as premise: 145
Yen to Euro Rate		150			157			159			161			157			168			as premise: 160
Number of Employees		379,659			381,576			380,737			380,793			380,793			384,954	^(Note 1)^
Sales Revenues (billions of yen)		10,546.8			11,434.7			12,041.1			11,072.6			45,095.3			11,837.8			46,000.0
Geographic Information
Japan		5,105.5			5,404.7			5,626.8			4,883.5			21,020.7			5,224.0
North America		4,092.0			4,504.2			4,958.1			4,388.6			17,943.0			5,002.4
Europe		1,299.0			1,359.4			1,520.7			1,502.4			5,681.7			1,509.0
Asia		1,964.5			2,346.6			2,371.3			2,048.2			8,730.7			2,231.7
Other		1,024.6			1,165.1			974.0			1,225.9			4,389.7			1,053.8
Elimination		-2,939.0			-3,345.3			-3,410.0			-2,976.3			-12,670.7			-3,183.2
Business Segment
Automotive		9,687.9			10,477.3			11,065.7			10,035.1			41,266.2			10,759.7
Financial Services		775.1			846.1			922.3			940.4			3,484.1			1,005.3
All Other		306.4			319.2			357.4			385.0			1,368.1			315.6
Elimination		-222.7			-207.9			-304.4			-288.0			-1,023.2			-242.8
Operating Income (billions of yen)		1,120.9			1,438.3			1,680.9			1,112.6			5,352.9			1,308.4			4,300.0
(Operating Income Ratio) (%)		(10.6	)		(12.6	)		(14.0	)		(10.0	)		(11.9	)		(11.1	)		(9.3	)
Geographic Information
Japan		701.9			879.1			1,104.1			799.0			3,484.2			881.2
North America		119.6			169.4			227.4			-10.2			506.3			85.0
Europe		83.0			99.3			103.1			102.5			388.0			124.6
Asia		186.2			224.9			238.4			215.9			865.5			245.9
Other		85.4			104.2			9.2			-0.6			198.3			41.7
Elimination		-55.4			-38.7			-1.5			5.9			-89.6			-70.2
Business Segment
Automotive		945.6			1,301.6			1,472.6			901.5			4,621.4			1,117.9
Financial Services		147.2			97.6			172.0			153.0			570.0			159.7
All Other		40.2			39.5			44.1			51.2			175.2			40.7
Elimination		-12.2			-0.4			-7.9			6.8			-13.8			-9.9
Share of Profit (Loss) of Investments Accounted for Using the Equity Method (billions of<br>yen)		193.3			185.1			217.6			166.9			763.1			164.9			680.0
Income before Income Taxes (billions of yen)		1,720.5			1,800.9			1,835.5			1,608.0			6,965.0			1,872.2			5,070.0
(Income before Income Taxes Ratio) (%)		(16.3	)		(15.7	)		(15.2	)		(14.5	)		(15.4	)		(15.8	)		(11.0	)
Net Income Attributable to Toyota Motor Corporation (billions of yen)		1,311.3			1,278.0			1,357.8			997.6			4,944.9			1,333.3			3,570.0
(Net Income Ratio) (%)		(12.4	)		(11.2	)		(11.3	)		(9.0	)		(11.0	)		(11.3	)		(7.8	)
Dividends
Cash Dividends (billions of yen)		—			405.4			—			606.3			1,011.7			—	^(Note 2)^
Cash Dividends per Share (yen)		—			30			—			45			75			—
Payout Ratio (%)		—			15.6			—			25.7			20.4			—
Value of Shares Repurchased (billions of yen)[actual purchase]		34.3			82.1			75.0			39.4			231.0			18.9	^(Note 3)^
Value of Shares Repurchased (billions of yen)[shareholder return]		—			99.9			—			1,000.0			1,099.9			—	^(Note 3)^ <br> <br>^(Note4)^
Number of Outstanding Shares (thousands)		16,314,987			16,314,987			16,314,987			16,314,987			16,314,987			15,794,987

Supplemental 2

Supplemental Material for Financial Results for FY2025 First Quarter (Consolidated)

< IFRS >

	FY2024										FY2025			FY2025
	1Q<br>(2023/4-6)		2Q<br>(2023/7-9)		3Q<br>(2023/10-12)		4Q<br>(2024/1-3)		12 months<br>(‘23/4-‘24/3)		1Q<br>(2024/4-6)			Forecast<br>12 months<br>(‘24/4-‘25/3)
R&D Expenses (billions of yen)		294.8		314.0		289.2		304.2		1,202.3		304.6			1,300.0	^(Note 5)^
Depreciation Expenses (billions of yen)		298.3		303.2		302.9		343.8		1,248.4		352.3			1,380.0	^(Note 6)^
Geographic Information
Japan		140.7		139.5		133.6		152.8		566.7		148.6
North America		79.4		84.5		91.4		122.4		377.8		120.4
Europe		21.4		23.4		21.3		15.9		82.1		23.4
Asia		46.1		44.6		45.4		45.4		181.6		48.3
Other		10.5		11.1		11.0		7.2		40.0		11.4
Capital Expenditures (billions of yen)		366.6		442.8		486.9		714.4		2,010.8		368.0			2,150.0	^(Note 6)^
Geographic Information
Japan		144.0		175.2		174.0		354.3		847.6		163.2
North America		154.1		159.5		182.6		226.2		722.5		115.9
Europe		12.5		28.9		23.4		23.9		88.8		17.4
Asia		41.1		54.9		89.4		82.7		268.2		52.6
Other		14.7		24.2		17.3		27.1		83.5		18.6
Total Liquid Assets (billions of yen)		12,287.8		13,808.6		14,143.6		15,079.5		15,079.5		15,585.7	^(Note 7)^
Total Assets (billions of yen)		80,131.2		83,661.3		84,232.1		90,114.2		90,114.2		94,037.3
Toyota Motor Corporation Shareholders’ Equity (billions of yen)		30,330.0		31,893.1		32,561.6		34,220.9		34,220.9		35,737.7
Return on Equity (%)		17.9		16.4		16.9		12.0		15.8		15.2
Return on Asset (%)		6.8		6.2		6.5		4.6		6.0		5.8
Number of Consolidated Subsidiaries (including Structured Entities)										577
Number of Associates and Joint Ventures Accounted for Using the Equity Method										165
Analysis of Consolidated Net Income<br><br><br>Attributable to Toyota Motor Corporation for FY2025<br><br><br>(billions of yen, approximately)	1Q<br>(2024/4-6)
---	---	---
Marketing Efforts		70.0
Effects of Changes in Exchange Rates		370.0
Cost Reduction Efforts		55.0
From Engineering		35.0
From Manufacturing and Logistics		20.0
Increase or Decrease in Expenses and Expense Reduction Efforts		-225.0
Other		-82.5
(Changes in Operating Income)		187.5
Non-operating Income		-35.8
Share of Profit (Loss) of Investments Accounted for Using the Equity Method		-28.4
Income tax expense, Net Income Attributable to<br>Non-controlling Interests		-129.7
(Changes in Net Income Attributable to Toyota Motor Corporation)		21.9

Cautionary Statement with Respect to Forward-Looking Statements

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

These forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause Toyota’s actual results, performance, achievements or financial position to be materially different from any future results, performance, achievements or financial position expressed or implied by these forward-looking statements.

These factors include, but are not limited to: (i) changes in economic conditions, market demand, and the competitive environment affecting the automotive markets in Japan, North America, Europe, Asia and other markets in which Toyota operates; (ii) fluctuations in currency exchange rates, particularly with respect to the value of the Japanese yen, the U.S. dollar, the euro, the Australian dollar, the Canadian dollar and the British pound, fluctuations in stock prices, and interest rates fluctuations; (iii) changes in funding environment in financial markets and increased competition in the financial services industry; (iv) Toyota’s ability to market and distribute effectively; (v) Toyota’s ability to realize production efficiencies and to implement capital expenditures at the levels and times planned by management; (vi) changes in the laws, regulations and government policies in the markets in which Toyota operates that affect Toyota’s automotive operations, particularly laws, regulations and government policies relating to vehicle safety including remedial measures such as recalls, trade, environmental protection, vehicle emissions and vehicle fuel economy, as well as changes in laws, regulations and government policies that affect Toyota’s other operations, including the outcome of 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)	Shows the number of employees as of the end of each period (excluding loan employees from Toyota to outside<br>Toyota and including loan employees from outside Toyota to Toyota)
(Note 2)	2Q= Interim Dividend, 4Q= Year-end Dividend, FY= Annual Dividend<br>
---	---
(Note 3)	Excluding shares constituting less than one unit that were purchased upon request and the commission fees<br>incurred for the repurchase
---	---
(Note 4)	Shareholder return on Net Income for the period (Stated the maximum total purchase price for the repurchase<br>of shares during the repurchase period, or the actual purchase price of shares repurchased after the completion of the repurchase period.)
---	---
(Note 5)	Figures for R&D expenses are R&D activity related expenditures incurred during the reporting period<br>and do not conform to “R&D Expenses” on Toyota’s Consolidated Statement of Income
---	---
(Note 6)	Figures for depreciation expenses and capital expenditures do not include vehicles in operating lease or<br>right of use assets
---	---
(Note 7)	Cash and cash equivalents, time deposits, public and corporate bonds and its investment in monetary trust<br>funds, excluding in each case those relating to financial services
---	---

Supplemental 3

LOGO

FY2025 First Quarter Financial Results

LOGO

Cautionary Statement with Respect to Forward-Looking Statements and Caution Concerning Insider Trading This presentation contains forward-looking statements that reflect Toyota’s plans and expectations. These forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause Toyota’s actual results, performance, achievements or financial position to be materially different from any future results, performance, achievements or financial position expressed or implied by these forward-looking statements. These factors include, but are not limited to: (i) changes in economic conditions, market demand, and the competitive environment affecting the automotive markets in Japan, North America, Europe, Asia and other markets in which Toyota operates; (ii) fluctuations in currency exchange rates (particularly with respect to the value of the Japanese yen, the U.S. dollar, the euro, the Australian dollar, the Canadian dollar and the British pound), 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, regulations and government policies in the markets in which Toyota operates that affect Toyota’s automotive operations, particularly laws, regulations and government policies relating to vehicle safety including remedial measures such as recalls, trade, environmental protection, vehicle emissions and vehicle fuel economy, as well as changes in laws, regulations and government policies that affect Toyota’s other operations, including the outcome of 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’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.

LOGO

FY2025 First Quarter Results Summary Actual Operating income 1.3 trillion yen (+0.2 trillion yen YoY) ãƒ»Despite a decrease in production and sales volume in Japan, there was an increase in profit due to the effects of foreign exchange rates and cost reduction efforts. We will continue to work on maintaining and improving our profit structure.—We would like to express our heartfelt appreciation to our customers around the world who chose us.—Despite the inability to maintain stable production in Japan due to factors such as certification issues and recalls, we achieved an increase in profit thanks to the support of all our stakeholders, including suppliers and dealers.—We will firmly strengthen our foundations and proactively invest in human resources as well as in the future. We will continue to accelerate our activities.

LOGO

FY2025 First Quarter Financial Performance

LOGO

Consolidated Vehicle Sales (thousands of vehicles) 2,500 2,326 2,252 96.8% Japan 2,000 532 421 79.2% N. America Europe 1,500 682 705 103.3% Asia 1,000 286 291 101.7% Other Central and 417 436 104.5% South America, 500 Oceania, Africa, 408 398 97.4% The Middle East, etc. 0 2023.4-6 2024.4-6 YoY Reference (retail) Toyota and Lexus Vehicle Sales 2,538 2,491 98.1% Electrified Vehicle [%] 868 [34.2%] 1,075 [43.2%] 123.9% HEV 807 998 123.8% PHEV 31 34 108.5% BEV 29 43 149.5% FCEV 1 0 28.8% Total Retail Vehicle Sales 2,751 2,636 95.8%

LOGO

Consolidated Financial Summary (billions of yen) 2023.4-6 2024.4-6 Change Sales Revenues 10,546.8 11,837.8 +1,291.0 Operating Income 1,120.9 1,308.4 +187.5 Margin 10.6% 11.1% Other Income 599.6 563.7 -35.8 Share of Profit (Loss) of Investments 193.3 164.9 * -28.4 Accounted for Using the Equity Method Income before Income Taxes 1,720.5 1,872.2 +151.7 Net Income Attributable to 1,311.3 1,333.3 +21.9 Toyota Motor Corporation Margin 12.4% 11.3% US $ 137 yen 156 yen +19 yen FOREX Rates € 150 yen 168 yen +18 yen * Regarding Japan: 130.0 (+7.6 year on year), China: 14.9 (-39.4 year on year), Other: 19.9 (+3.3 year on year)

LOGO

Analysis of Consolidated Operating Income (billions of yen) Excluding the overall impact of foreign exchange rates and swap valuation gains/losses, etc. -100.0 +55.0 +70.0 -225.0 +370.0 Marketing -82.5 1,308.4 Cost Efforts *2 Increase or 1,120.9 Reduction Other *4 Efforts Decrease in Effects of Expenses and FOREX Expense Reduction Rates *1 Efforts *3 Which includes: Strengthening Foundation of Suppliers/ Materials Prices -40.0 Cost Reduction +95.0 2023.4-6 2024.4-6 137 yen/US$ Operating Income (+187.5) 156 yen/US$ 150 yen/ € 168 yen/ € *1 Details *2 Details *3 Details *4 Details Transactional (Imports/Exports) +310.0 Volume, Model Mix -50.0 Labor Cost -75.0 Valuation Gains / Losses from Swaps, etc. -11.9 —US $ +240.0 Value Chain +40.0 Depreciation Expenses -15.0 Impact of Inflation Accounting, etc. -35.8 —€ +35.0 —Financial Services ±0.0 R&D Expenses -15.0 Other -34.8 —Other +35.0—Accessories / Spare Parts Expenses, etc. -120.0 / +40.0 Used Vehicle / Connected, etc. Translational FOREX Impact Concerning +60.0 Overseas Subsidiaries, etc. Other +80.0

LOGO

Geographic Operating Income [ ] Margin Consolidated Vehicle Sales (thousands of vehicles) Operating Income (billions of yen) (excluding Valuation Gains/Losses relating to Swaps, etc.) Japan N. America Europe Asia Other Incl. China (excl. investments accounted 682 705 103.3% for using the equity method of associates and joint ventures) 532 421 79.2% 417 436 104.5% 408 398 97.4% 286 291 101.7% +184.4 700.7 885.2 [13.7%] [16.9%] +57.6 -22.5 +41.7 -46.9 123.3 100.7 123.8 [3.0%] 82.0 [8.2%] 244.6 80.5 [2.0%] 186.9 [11.0%] [6.3%] [7.9%] 33.6 [9.5%] [3.2%] 2023.4-6 2024.4-6 2023.4-6 2024.4-6 2023.4-6 2024.4-6 2023.4-6 2024.4-6 2023.4-6 2024.4-6 Operating Income including Valuation Gains/Losses relating to Swaps, etc. (billions of yen 701.9 881.2 119.6 85.0 83.0 124.6 186.2 245.9 85.4 41.7

LOGO

China Business / Financial Services (Ref.) China Business Financial Services Operating Income of Consolidated Subsidiaries (billions of yen) Operating Income (billions of yen) Share of Profit of Investments Accounted for Using the Equity Excluding Valuation Gains/Losses relating to Swaps, etc. Method of Associates and Joint Ventures (billions of yen) Toyota and Lexus Vehicle Retail Sales (thousands of vehicles) 499 411 (82.4%) 53.6 +24.4 -9.0 169.0 Effects of Effects of 144.5 Increase in Marketing Loan Balance, Activities, etc. etc. 44.6 54.3 -39.4 Effects of Marketing Activities, etc. 14.9 2023.4-6 2024.4-6 2023.4-6 2024.4-6 Operating Income including Valuation Gains/Losses relating to Swaps, etc. (billions of yen) 147.2 159.7

LOGO

(Ref.) Transition of Financial Performance Net Income Attributable to Consolidated Vehicle Sales Sales Revenues (trillions of yen) Operating Income (billions of yen) Toyota Motor Corporation (thousands of vehicles) Operating Margin (%) (billions of yen) 45.0 46.0 11.9 Net Margin (%) 9,443 9,500 9.3 11.0 8,822 9.5 8,230 8.1 8.3 9.1 7,646 37.2 7.3 7.8 5,352.9 6.6 31.3 4,944.9 4,300.0 27.2 3,570.0 2,995.6 2,850.1 2,725.0 2,197.7 2,245.2 2,451.3 2021.3 2022.3 2023.3 2024.3 2025.3 2021.3 2022.3 2023.3 2024.3 2025.3 2021.3 2022.3 2023.3 2024.3 2025.3 2021.3 2022.3 2023.3 2024.3 2025.3 Total Liquid Assets*1 Total Shareholder Return R&D Expenses*4 (billions of yen) Capital Expenditures (billions of yen) (billions of yen) Dividend per Share(billions (yen) *3 of yen) Ratio to Sales Revenues (%) Depreciation Expenses 15,585.7 4.0 2,150.0 15,079.5 60 75 3.6 2,010.8 48 52 Interest- 3.3 2,111.7 2.8 11,579.4 11,313.7 Bearing 2.7 10,517.3 Debt*2 1,300.0 1,605.8 13,086.2 Share 1,241.6 1,202.3 1,343.0 Repurchase 1,124.2 1,293.2 1,248.4 12,651.6 Net Liquid 1,153.8 1,090.4 1,185.0 1,116.9 1,380.0 8,341.3 9,027.7 Assets 921.0 1,007.2 8,051.4 1,011.7 Dividend 876.9 718.2 816.9 671.0 2021.3 2022.3 2023.3 2024.3 2024.6 2021.3 2022.3 2023.3 2024.3 2021.3 2022.3 2023.3 2024.3 2025.3 2021.3 2022.3 2023.3 2024.3 2025.3 *1 Cash and cash equivalents, time deposits, public and corporate bonds and its investment in monetary trust funds, excluding in each case those relating to financial services. *2 Not including lease liabilities Forecast *3 Dividends per common share on a post-stock split (a five-for-one stock split of shares of our common stock that was conducted on October 1, 2021) basis *4 R&D activity related expenditures incurred during the reporting period 10

LOGO

(Ref.) Definitions of Consolidated and Retail Vehicle Sales Daihatsu- and Hino- brand vehicles Distributors or Total Consolidated Dealers Retail Vehicle Vehicle Customers outside Toyota Sales and Sales Number of vehicles produced for wholesale by Toyota Motor Corporation and its consolidated subsidiaries Lexus Number of vehicles produced for wholesale by Toyota’s consolidation Vehicle unconsolidated entities (e.g. joint ventures in China, etc.)Sales *There are a limited number of exceptional cases where sales are made other than in accordance with the flowchart above. 11

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents