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 February, 2025

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>February 5, 2025, with respect to the registrant’s results of operations for the third quarter of FY2025 ended December 31, 2024.
II.	English translations of the third quarter of FY2025 Presentation Documents, as filed by the registrant with the<br>Tokyo Stock Exchange on February 5, 2025.
---	---
III.	English translations of the Notification of Change in Status of Subsidiary, as filed by the registrant with the<br>Tokyo Stock Exchange on February 5, 2025.
---	---

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: February 5, 2025

FY2025 THIRD QUARTER FINANCIAL SUMMARY

FINANCIAL SUMMARY

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

FY2025 Third Quarter

(April 1, 2024 through December 31, 2024)

English translation from the original Japanese-language document

TOYOTA MOTOR CORPORATION

FY2025 Third Quarter Consolidated Financial Results

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

English translation from the original Japanese-language document

February 5, 2025

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 nine months (April 1, 2024 through December 31, 2024)
(1)	Consolidated financial results (For the nine months ended December 31)
---	---
	(% of change from previous first nine months)
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
	Sales revenues				Operating income				Income beforeincome taxes				Net income				Net incomeattributable to<br>Toyota MotorCorporation				Comprehensiveincome
	Million yen		%		Million yen		%		Million yen		%		Million yen		%		Million yen		%		Million yen		%
FY2025 first nine months		35,673,545		4.9		3,679,491		-13.2		5,430,093		1.4		4,079,342		1.2		4,100,389		3.9		3,873,742		-28.5
FY2024 first nine months		34,022,720		23.9		4,240,238		102.1		5,357,065		86.7		4,031,624		105.3		3,947,242		107.9		5,415,334		123.4
	Earnings per share attributable toToyota Motor Corporation – Basic		Earnings per share attributable to<br>Toyota Motor Corporation – Diluted
---	---	---	---	---
	Yen		Yen
FY2025 first nine months		307.95		307.95
FY2024 first nine months		291.87		291.87
(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 third quarter		94,674,416		36,856,527		35,910,271		37.9
FY2024		90,114,296		35,239,338		34,220,991		38.0
2.	Cash Dividends
---	---
	Annual cash dividends per common share
---	---	---	---	---	---	---	---	---	---	---
	End of firstquarter		End of secondquarter		End of thirdquarter		Year-end		Total
	Yen		Yen		Yen		Yen		Yen
FY2024		—		30.00		—		45.00		75.00
FY2025		—		40.00		—
FY2025 (forecast)								50.00		90.00

(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<br><br><br>income taxes			Net incomeattributable to<br><br><br>Toyota MotorCorporation			Earnings pershareattributable to ToyotaMotor Corporation - Basic
	Million yen	%		Million yen	%		Million yen	%		Million yen	%		Yen
Full-year	47,000,000		4.2	4,700,000		-12.2	6,180,000		-11.3	4,520,000		-8.6	340.87

(Note) Revisions to the forecast of consolidated results since the latest announcement: yes

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 third quarter 15,794,987,460 shares, FY2024 16,314,987,460 shares
---
(ii)	Number of treasury stock at the end of each period:
---	---
FY2025 third quarter 2,699,079,277 shares, FY2024 2,840,815,433 shares
---
(iii)	Average number of shares issued and outstanding in each period:
---	---
FY2025 first nine months 13,314,911,412 shares, FY2024 first nine months 13,524,128,807 shares<br>
---

Review of the Japanese-language originals of the attached condensed quarterly consolidated financial statements by certified publicaccountants or an audit firm: none

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. 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 Motor Corporation’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 Third Quarter Financial Summary

TABLE OF CONTENTS

Financial Results and Position	2
1. Consolidated Financial Results for FY2025 Third Quarter	2
2. Consolidated Financial Position for FY2025 Third Quarter	4
Unaudited Condensed Quarterly Consolidated FinancialStatements	5
1. Unaudited Condensed Quarterly Consolidated Statement of Financial Position	5
2. Unaudited Condensed Quarterly Consolidated Statement of Income and<br>Unaudited<br> 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<br>Flows	10
5. Notes to Unaudited Condensed Quarterly Consolidated Financial<br>Statements	11
(1) Going Concern Assumption	11
(2) Segment Information	12

Supplemental Material for Financial Results for FY2025 Third Quarter

—1—

TOYOTA MOTOR CORPORATION FY2025 Third Quarter Financial Summary

Financial Results and Position

Consolidated Financial Results for FY2025 Third Quarter

Financial Results

Consolidated vehicle unit sales in Japan and overseas decreased by 295 thousand units, or 4.0%, to 7,000 thousand units in FY2025 first nine months (the first nine months ended December 31, 2024) compared with FY2024 first nine months (the first nine months ended December 31, 2023). Vehicle unit sales in Japan decreased by 175 thousand units, or 10.8%, to 1,454 thousand units in FY2025 first nine months compared with FY2024 first nine months. Overseas vehicle unit sales decreased by 119 thousand units, or 2.1%, to 5,546 thousand units in FY2025 first nine months compared with FY2024 first nine months.

The results of operations for FY2025 first nine months were as follows:

Sales revenues	35,673.5 billion yen	(an increase of 1,650.8 billion yen or 4.9% compared with FY2024 first nine months)
Operating income	3,679.4 billion yen	(a decrease of 560.7 billion yen or 13.2% compared with FY2024 first nine months)
Income before income taxes	5,430.0 billion yen	(an increase of 73.0 billion yen or 1.4% compared with FY2024 first nine months)
Net income attributable to Toyota Motor Corporation	4,100.3 billion yen	(an increase of 153.1 billion yen or 3.9% compared with FY2024 first nine months)

The changes in operating income were as follows:

Effects of marketing activities	a decrease of 165.0 billion yen
Effects of changes in exchange rates	an increase of 490.0 billion yen
Cost reduction efforts	an increase of 70.0 billion yen
Increase or decrease in expenses and expense reduction efforts	a decrease of 590.0 billion yen
Other	a decrease of 365.7 billion yen

—2—

TOYOTA MOTOR CORPORATION FY2025 Third Quarter Financial Summary

Segment Operating Results

(1) Automotive:

Sales revenues for the automotive operations increased by 1,110.1 billion yen, or 3.6%, to 32,341.2 billion yen in FY2025 first nine months compared with FY2024 first nine months. However, operating income decreased by 646.0 billion yen, or 17.4%, to 3,073.8 billion yen in FY2025 first nine months compared with FY2024 first nine months. 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 increased by 522.2 billion yen, or 20.5%, to 3,065.9 billion yen in FY2025 first nine months compared with FY2024 first nine months, and operating income increased by 79.3 billion yen, or 19.0%, to 496.2 billion yen in FY2025 first nine months compared with FY2024 first nine months. The increase in operating income was mainly due to increase in financing volume and decrease in valuation losses on interest rate swaps stated at fair value.

(3) All other:

Sales revenues for all other businesses increased by 63.2 billion yen, or 6.4%, to 1,046.3 billion yen in FY2025 first nine months compared with FY2024 first nine months, and operating income increased by 0.6 billion yen, or 0.5%, to 124.6 billion yen in FY2025 first nine months compared with FY2024 first nine months.

Geographic Information

(1) Japan:

Sales revenues in Japan increased by 169.1 billion yen, or 1.0%, to 16,306.3 billion yen in FY2025 first nine months compared with FY2024 first nine months. However, operating income decreased by 348.1 billion yen, or 13.0%, to 2,337.0 billion yen in FY2025 first nine months compared with FY2024 first nine months. The decrease in operating income was mainly due to the increase in expenses and others and the effects of the misconduct in relation to applications for certification by Hino Motors, Ltd.

(2) North America:

Sales revenues in North America increased by 847.1 billion yen, or 6.2%, to 14,401.5 billion yen in FY2025 first nine months compared with FY2024 first nine months. However, operating income decreased by 344.4 billion yen, or 66.7%, to 172.1 billion yen in FY2025 first nine months compared with FY2024 first nine months. The decrease in operating income was mainly due to the increase in expenses and others.

(3) Europe:

Sales revenues in Europe increased by 340.4 billion yen, or 8.1%, to 4,519.7 billion yen in FY2025 first nine months compared with FY2024 first nine months, and operating income increased by 87.5 billion yen, or 30.7%, to 373.1 billion yen in FY2025 first nine months compared with FY2024 first nine months. The increase in operating income was mainly due to cost reduction efforts.

(4) Asia:

Sales revenues in Asia increased by 110.9 billion yen, or 1.7%, to 6,793.4 billion yen in FY2025 first nine months compared with FY2024 first nine months, and operating income increased by 35.6 billion yen, or 5.5%, to 685.2 billion yen in FY2025 first nine months compared with FY2024 first nine months. The increase in operating income was mainly due to the effects of changes in exchange rates and the decrease in expenses and expense reduction efforts.

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

Sales revenues in other regions increased by 191.6 billion yen, or 6.1%, to 3,355.4 billion yen in FY2025 first nine months compared with FY2024 first nine months. However, operating income decreased by 19.3 billion yen, or 9.7%, to 179.6 billion yen in FY2025 first nine months compared with FY2024 first nine months. The decrease in operating income was mainly due to the increase in expenses and others.

—3—

TOYOTA MOTOR CORPORATION FY2025 Third Quarter Financial Summary

Consolidated Financial Position for FY2025 Third Quarter

Financial Position

The financial position for FY2025 first nine months was as follows:

Total assets increased by 4,560.1 billion yen, or 5.1%, to 94,674.4 billion yen at the end of FY2025 first nine months compared with the end of FY2024. Liabilities increased by 2,942.9 billion yen, or 5.4%, to 57,817.8 billion yen at the end of FY2025 first nine months compared with the end of FY2024. Shareholders’ equity increased by 1,617.1 billion yen, or 4.6%, to 36,856.5 billion yen at the end of FY2025 first nine months compared with the end of FY2024.

Overview of Cash Flow

Cash and cash equivalents decreased by 1,126.9 billion yen, or 12.0%, to 8,285.1 billion yen at the end of FY2025 first nine months 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 2,823.7 billion yen for FY2025 first nine months. Net cash provided by operating activities increased by 37.5 billion yen from 2,786.1 billion yen for FY2024 first nine months.

Cash flows from investing activities

Net cash flows from investing activities resulted in a decrease in cash by 3,523.2 billion yen for FY2025 first nine months, compared with net cash used in investing activities of 4,230.1 billion yen for FY 2024 first nine months, a 706.8 billion yen change.

Cash flows from financing activities

Net cash flows from financing activities resulted in a decrease in cash by 472.0 billion yen for FY2025 first nine months. A 2,106.5 billion yen change compared with net cash provided by financing activities of 1,634.4 billion yen for FY2024 first nine months.

—4—

TOYOTA MOTOR CORPORATION FY2025 Third Quarter Financial Summary

Unaudited Condensed Quarterly Consolidated FinancialStatements

Unaudited Condensed Quarterly Consolidated Statement of Financial Position

	Yen in millions
	March 31, 2024			December 31, 2024
Assets
Current assets
Cash and cash equivalents		9,412,060			8,285,156
Trade accounts and other receivables		3,789,429			3,839,900
Receivables related to financial services		11,057,269			11,860,535
Other financial assets		4,702,168			5,596,225
Inventories		4,605,368			4,480,884
Income tax receivable		116,886			398,504
Other current assets		1,031,098			1,299,777
Total current assets		34,714,279			35,760,980
Non-current assets
Investments accounted for using the equity method		5,710,106			5,536,818
Receivables related to financial services		20,637,090			22,884,954
Other financial assets		11,390,559			11,520,730
Property, plant and equipment
Land		1,441,811			1,445,518
Buildings		5,884,749			6,070,077
Machinery and equipment		16,469,032			17,009,802
Vehicles and equipment on operating leases		7,523,911			8,133,542
Construction in progress		1,040,188			1,629,826
Total property, plant and equipment, at cost		32,359,692			34,288,766
Less - Accumulated depreciation and impairment losses		(18,101,905	)		(18,883,942	)
Total property, plant and equipment, net		14,257,788			15,404,824
Right of use assets		532,835			552,683
Intangible assets		1,355,326			1,312,965
Deferred tax assets		502,230			572,974
Other non-current assets		1,014,083			1,127,489
Total non-current assets		55,400,017			58,913,436
Total assets		90,114,296			94,674,416

—5—

TOYOTA MOTOR CORPORATION FY2025 Third Quarter Financial Summary

	Yen in millions
	March 31, 2024			December 31, 2024
Liabilities
Current liabilities
Trade accounts and other payables		5,251,357			5,059,373
Short-term and current portion of long-term debt		15,406,284			16,059,840
Accrued expenses		1,863,760			1,791,128
Other financial liabilities		1,700,137			1,952,967
Income taxes payable		1,224,542			448,715
Liabilities for quality assurance		1,836,314			1,950,832
Other current liabilities		1,895,516			2,178,159
Total current liabilities		29,177,909			29,441,013
Non-current liabilities
Long-term debt		21,155,496			23,519,846
Other financial liabilities		495,814			546,431
Retirement benefit liabilities		1,077,962			1,132,067
Deferred tax liabilities		2,219,638			2,146,940
Other non-current liabilities		748,139			1,031,593
Total non-current liabilities		25,697,049			28,376,876
Total liabilities		54,874,958			57,817,889
Shareholders’ equity
Common stock		397,050			397,050
Additional paid-in capital		491,802			490,102
Retained earnings		32,795,365			35,241,066
Other components of equity		4,503,756			4,064,718
Treasury stock		(3,966,982	)		(4,282,665	)
Total Toyota Motor Corporation shareholders’ equity		34,220,991			35,910,271
Non-controlling interests		1,018,347			946,255
Total shareholders’ equity		35,239,338			36,856,527
Total liabilities and shareholders’ equity		90,114,296			94,674,416

—6—

TOYOTA MOTOR CORPORATION FY2025 Third 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 nine months ended<br>December 31, 2023			For the first nine months ended<br>December 31, 2024
Sales revenues
Sales of products		31,511,767			32,642,249
Financial services		2,510,953			3,031,296
Total sales revenues		34,022,720			35,673,545
Costs and expenses
Cost of products sold		25,345,445			26,493,139
Cost of financial services		1,559,145			1,934,561
Selling, general and administrative		2,877,893			3,566,354
Total costs and expenses		29,782,483			31,994,054
Operating income		4,240,238			3,679,491
Share of profit (loss) of investments accounted for using the equity method		596,181			454,754
Other finance income		544,304			424,735
Other finance costs		(78,752	)		(161,266	)
Foreign exchange gain (loss), net		55,334			1,077,315
Other income (loss), net		(239	)		(44,937	)
Income before income taxes		5,357,065			5,430,093
Income tax expense		1,325,441			1,350,751
Net income		4,031,624			4,079,342
Net income attributable to
Toyota Motor Corporation		3,947,242			4,100,389
Non-controlling interests		84,382			(21,047	)
Net income		4,031,624			4,079,342
	Yen
Earnings per share attributable to Toyota Motor Corporation
Basic and Diluted		291.87			307.95

—7—

TOYOTA MOTOR CORPORATION FY2025 Third Quarter Financial Summary

Unaudited Condensed Quarterly Consolidated Statement of Comprehensive Income

	Yen in millions
	For the first nine months ended<br>December 31, 2023			For the first nine months ended<br>December 31, 2024
Net income		4,031,624			4,079,342
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<br>other comprehensive income		361,529			210,341
Remeasurements of defined benefit plans		(8,170	)		(14,377	)
Share of other comprehensive income of equity method investees		197,931			(95,707	)
Total of items that will not be reclassified to profit (loss)		551,290			100,257
Items that may be reclassified subsequently to profit (loss)
Exchange differences on translating foreign operations		603,550			(391,637	)
Net changes in revaluation of financial assets measured at fair value through<br>other comprehensive income		47,605			30,873
Share of other comprehensive income of equity method investees		181,264			54,906
Total of items that may be reclassified subsequently to profit (loss)		832,420			(305,858	)
Total other comprehensive income, net of tax		1,383,710			(205,601	)
Comprehensive income		5,415,334			3,873,742
Comprehensive income for the period attributable to
Toyota Motor Corporation		5,298,565			3,866,255
Non-controlling interests		116,769			7,486
Comprehensive income		5,415,334			3,873,742

—8—

TOYOTA MOTOR CORPORATION FY2025 Third Quarter Financial Summary

Unaudited Condensed Quarterly Consolidated Statement of Changes in Equity

For the first nine months ended December 31, 2023

	Yen in millions
	Common<br>stock		Additional<br>paid-incapital			Retained<br>earnings			Other<br>components<br>of equity			Treasury<br>stock			Toyota MotorCorporationshareholders’equity			Non-controllinginterests			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		—		—			3,947,242			—			—			3,947,242			84,382			4,031,624
Other comprehensive income, net of tax		—		—			—			1,351,323			—			1,351,323			32,387			1,383,710
Total comprehensive income		—		—			3,947,242			1,351,323			—			5,298,565			116,769			5,415,334
Transactions with owners and other
Dividends paid		—		—			(880,197	)		—			—			(880,197	)		(89,298	)		(969,494	)
Repurchase of treasury stock		—		—			—			—			(191,584	)		(191,584	)		—			(191,584	)
Reissuance of treasury stock		—		263			—			—			649			911			—			911
Equity transactions and other		—		(4,704	)		—			—			—			(4,704	)		9,290			4,586
Total transactions with owners and other		—		(4,442	)		(880,197	)		—			(190,935	)		(1,075,573	)		(80,008	)		(1,155,581	)
Reclassification to retained earnings		—		—			316,450			(316,450	)		—			—			—			—
Balances at December 31, 2023		397,050		494,286			31,726,790			3,871,068			(3,927,497	)		32,561,697			962,269			33,523,966
For the first nine months ended December 31,2024																							****
	Yen in millions
	Common<br>stock		Additional<br>paid-incapital			Retained<br>earnings			Other<br>components<br>of equity			Treasury<br>stock			Toyota MotorCorporationshareholders’equity			Non-controllinginterests			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		—		—			4,100,389			—			—			4,100,389			(21,047	)		4,079,342
Other comprehensive income, net of tax		—		—			—			(234,133	)		—			(234,133	)		28,533			(205,601	)
Total comprehensive income		—		—			4,100,389			(234,133	)		—			3,866,255			7,486			3,873,742
Transactions with owners and other
Dividends paid		—		—			(1,132,329	)		—			—			(1,132,329	)		(122,351	)		(1,254,679	)
Repurchase of treasury stock		—		—			—			—			(1,045,765	)		(1,045,765	)		—			(1,045,765	)
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		—		(1,104	)		—			—			—			(1,104	)		42,772			41,668
Total transactions with owners and other		—		(1,700	)		(1,859,593	)		—			(315,682	)		(2,176,975	)		(79,578	)		(2,256,553	)
Reclassification to retained earnings		—		—			204,905			(204,905	)		—			—			—			—
Balances at December 31, 2024		397,050		490,102			35,241,066			4,064,718			(4,282,665	)		35,910,271			946,255			36,856,527

—9—

TOYOTA MOTOR CORPORATION FY2025 Third Quarter Financial Summary

Unaudited Condensed Quarterly Consolidated Statement of Cash Flows

	Yen in millions
	For the first nine months ended<br>December 31, 2023			For the first nine months ended<br>December 31, 2024
Cash flows from operating activities
Net income		4,031,624			4,079,342
Depreciation and amortization		1,535,393			1,685,749
Interest income and interest costs related to financial services, net		(564,332	)		(573,582	)
Share of profit (loss) of investments accounted for using the equity method		(596,181	)		(454,754	)
Income tax expense		1,325,441			1,350,751
Changes in operating assets and liabilities, and other		(3,340,602	)		(2,490,557	)
Interest received		1,620,707			2,009,306
Dividends received		581,452			620,863
Interest paid		(775,664	)		(1,153,543	)
Income taxes paid, net of refunds		(1,031,698	)		(2,249,849	)
Net cash provided by (used in) operating activities		2,786,141			2,823,725
Cash flows from investing activities
Additions to fixed assets excluding equipment leased to others		(1,242,206	)		(1,346,216	)
Additions to equipment leased to others		(2,048,034	)		(2,911,301	)
Proceeds from sales of fixed assets excluding equipment leased to others		77,716			25,133
Proceeds from sales of equipment leased to others		1,445,164			1,685,909
Additions to intangible assets		(234,748	)		(221,728	)
Additions to public and corporate bonds and stocks		(1,926,369	)		(3,068,236	)
Proceeds from sales of public and corporate bonds and stocks and upon maturity of<br>public and corporate bonds		1,783,141			2,767,195
Other, net		(2,084,792	)		(454,007	)
Net cash provided by (used in) investing activities		(4,230,129	)		(3,523,253	)
Cash flows from financing activities
Increase (decrease) in short-term debt		486,043			112,226
Proceeds from long-term debt		8,410,408			9,787,886
Payments of long-term debt		(6,112,456	)		(8,110,926	)
Dividends paid to Toyota Motor Corporation common shareholders		(880,197	)		(1,132,329	)
Dividends paid to non-controlling interests		(89,298	)		(122,351	)
Reissuance (repurchase) of treasury stock		(191,584	)		(1,045,765	)
Other, net		11,544			39,168
Net cash provided by (used in) financing activities		1,634,461			(472,090	)
Effect of exchange rate changes on cash and cash equivalents		(124,286	)		44,714
Net increase (decrease) in cash and cash equivalents		66,188			(1,126,904	)
Cash and cash equivalents at beginning of period		7,516,966			9,412,060
Cash and cash equivalents at end of period		7,583,154			8,285,156

—10—

TOYOTA MOTOR CORPORATION FY2025 Third Quarter Financial Summary

Notes to Unaudited Condensed Quarterly Consolidated Financial Statements

(1) Going Concern Assumption

None

—11—

TOYOTA MOTOR CORPORATION FY2025 Third 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 nine months ended December 31, 2023:

	Yen in millions
	Automotive		Financialservices		All other		Inter-segment<br>Elimination/<br>Unallocated<br>Amount			Consolidated
Sales revenues
Revenues from external customers		31,111,157		2,510,953		400,610		—			34,022,720
Inter-segment revenues and transfers		119,929		32,756		582,516		(735,202	)		—
Total		31,231,087		2,543,709		983,126		(735,202	)		34,022,720
Operating expenses		27,511,158		2,126,771		859,136		(714,583	)		29,782,483
Operating income		3,719,929		416,938		123,990		(20,619	)		4,240,238

For the first nine months ended December 31, 2024:

	Yen in millions
	Automotive		Financialservices		All other		Inter-segment<br>Elimination/<br>Unallocated<br>Amount			Consolidated
Sales revenues
Revenues from external customers		32,186,483		3,031,296		455,766		—			35,673,545
Inter-segment revenues and transfers		154,772		34,617		590,578		(779,967	)		—
Total		32,341,256		3,065,913		1,046,344		(779,967	)		35,673,545
Operating expenses		29,267,359		2,569,640		921,709		(764,653	)		31,994,054
Operating income		3,073,897		496,273		124,635		(15,314	)		3,679,491

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 Third Quarter Financial Summary

(iii) Geographic information

For the first nine months ended December 31, 2023:

	Yen in millions
	Japan		NorthAmerica		Europe		Asia		Other		Inter-segment<br>Elimination/<br>Unallocated<br>Amount			Consolidated
Sales revenues
Revenues from external customers		7,863,326		13,325,538		4,051,171		5,809,168		2,973,517		—			34,022,720
Inter-segment revenues and transfers		8,273,877		228,855		128,101		873,350		190,277		(9,694,460	)		—
Total		16,137,203		13,554,393		4,179,271		6,682,518		3,163,794		(9,694,460	)		34,022,720
Operating expenses		13,452,016		13,037,822		3,893,730		6,032,907		2,964,824		(9,598,816	)		29,782,483
Operating income		2,685,187		516,571		285,542		649,611		198,971		(95,644	)		4,240,238
For the first nine months ended December 31, 2024:
	Yen in millions
	Japan		NorthAmerica		Europe		Asia		Other		Inter-segment<br>Elimination/<br>Unallocated<br>Amount			Consolidated
Sales revenues
Revenues from external customers		7,918,803		14,139,072		4,363,556		5,978,193		3,273,922		—			35,673,545
Inter-segment revenues and transfers		8,387,521		262,460		156,160		815,260		81,555		(9,702,957	)		—
Total		16,306,324		14,401,532		4,519,716		6,793,453		3,355,477		(9,702,957	)		35,673,545
Operating expenses		13,969,249		14,229,376		4,146,616		6,108,155		3,175,816		(9,635,158	)		31,994,054
Operating income		2,337,075		172,156		373,100		685,298		179,660		(67,798	)		3,679,491

“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 Toyota Motor Corporation 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 Third Quarter Financial Summary

(iv) Sales revenues by location of external customers

	Yen in millions
	For the first nine months ended December 31,
	2023		2024
Japan		5,701,175		5,651,807
North America		13,364,366		14,157,962
Europe		3,970,419		4,265,995
Asia		5,955,388		6,042,925
Other		5,031,372		5,554,856
Total		34,022,720		35,673,545

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

—14—

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

< IFRS >

	FY2024																		FY2025												FY2025
	1Q<br>(2023/4-6)			2Q<br>(2023/7-9)			3Q<br>(2023/10-12)			9 months<br>(2023/4-12)			4Q<br>(2024/1-3)			12 months<br>(‘23/4-‘24/3)			1Q<br>(2024/4-6)			2Q<br>(2024/7-9)			3Q<br>(2024/10-12)			9 months<br>(2024/4-12)			Forecast<br>12 months<br>(‘24/4-‘25/3)
Vehicle Production (thousands of units)		2,345			2,379			2,444			7,168			2,095			9,263			2,186			2,217			2,312			6,715
(Japan)<br>–including Daihatsu & Hino		1,025			1,090			1,115			3,230			813			4,042			901			991			1,052			2,945
[Daihatsu & Hino]		[190	]		[232	]		[247	]		[669	]		[65	]		[734	]		[141	]		[219	]		[205	]		[564	]
(Overseas)<br>–including Daihatsu & Hino		1,321			1,289			1,328			3,939			1,282			5,221			1,285			1,226			1,260			3,770
[Daihatsu & Hino]		[118	]		[139	]		[134	]		[391	]		[114	]		[506	]		[106	]		[122	]		[122	]		[350	]
North America		520			482			475			1,477			499			1,976			523			445			467			1,436
Europe		223			161			238			622			224			846			215			181			206			602
Asia		437			498			489			1,423			453			1,876			434			466			455			1,355
Central and South America		102			105			91			298			85			383			87			100			101			288
Africa		39			44			35			118			22			140			26			33			31			90
Vehicle Sales (thousands of units)		2,326			2,418			2,551			7,295			2,148			9,443			2,252			2,304			2,444			7,000			9,400
(Japan)<br>–including Daihatsu & Hino		532			540			558			1,630			363			1,993			421			517			516			1,454			2,020
[Daihatsu & Hino]		[134	]		[141	]		[154	]		[429	]		[48	]		[477	]		[84	]		[136	]		[129	]		[349	]		[500	]
(Overseas)<br>–including Daihatsu & Hino		1,794			1,878			1,993			5,665			1,784			7,450			1,830			1,787			1,929			5,546			7,380
[Daihatsu & Hino]		[69	]		[74	]		[64	]		[207	]		[64	]		[271	]		[61	]		[65	]		[60	]		[186	]		[230	]
North America		682			703			776			2,161			655			2,816			705			643			695			2,043			2,750
Europe		286			270			327			884			308			1,192			291			256			318			866			1,170
Asia		417			478			480			1,376			428			1,804			436			469			473			1,378			1,840
Central and South America		128			126			120			374			136			510			114			134			127			375			480
Oceania		76			87			80			244			74			318			82			71			80			232			320
Africa		59			62			55			175			46			221			49			56			60			166			210
Middle East		143			149			151			443			136			579			151			157			172			480			610
Other		3			2			3			8			2			10			2			2			2			6
Total Retail Unit Sales (thousands of units)<br>[Toyota, Daihatsu and Hino]		2,751			2,845			2,968			8,564			2,526			11,090			2,636			2,737			2,922			8,295			10,850

Supplemental 1

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

< IFRS >

	FY2024																		FY2025												FY2025
	1Q<br>(2023/4-6)			2Q<br>(2023/7-9)			3Q<br>(2023/10-12)			9 months<br>(2023/4-12)			4Q<br>(2024/1-3)			12 months<br>(‘23/4-‘24/3)			1Q<br>(2024/4-6)			2Q<br>(2024/7-9)			3Q<br>(2024/10-12)			9 months<br>(2024/4-12)			Forecast<br>12 months<br>(‘24/4-‘25/3)
Foreign Exchange Rates
Yen to US Dollar Rate		137			145			148			143			149			145			156			150			152			153			as premise: 152
Yen to Euro Rate		150			157			159			155			161			157			168			164			163			165			as premise: 164
Number of Employees		379,659			381,576			380,737			380,737			380,793			380,793			384,954			384,158			384,338			384,338	^(Note 1)^
Sales Revenues (billions of yen)		10,546.8			11,434.7			12,041.1			34,022.7			11,072.6			45,095.3			11,837.8			11,444.5			12,391.0			35,673.5			47,000.0
Geographic Information
Japan		5,105.5			5,404.7			5,626.8			16,137.2			4,883.5			21,020.7			5,224.0			5,317.3			5,764.8			16,306.3
North America		4,092.0			4,504.2			4,958.1			13,554.3			4,388.6			17,943.0			5,002.4			4,522.9			4,876.1			14,401.5
Europe		1,299.0			1,359.4			1,520.7			4,179.2			1,502.4			5,681.7			1,509.0			1,380.1			1,630.5			4,519.7
Asia		1,964.5			2,346.6			2,371.3			6,682.5			2,048.2			8,730.7			2,231.7			2,238.2			2,323.3			6,793.4
Other		1,024.6			1,165.1			974.0			3,163.7			1,225.9			4,389.7			1,053.8			1,066.6			1,235.0			3,355.4
Elimination		-2,939.0			-3,345.3			-3,410.0			-9,694.4			-2,976.3			-12,670.7			-3,183.2			-3,080.7			-3,438.8			-9,702.9
Business Segment
Automotive		9,687.9			10,477.3			11,065.7			31,231.0			10,035.1			41,266.2			10,759.7			10,332.4			11,249.0			32,341.2
Financial Services		775.1			846.1			922.3			2,543.7			940.4			3,484.1			1,005.3			1,037.6			1,022.9			3,065.9
All Other		306.4			319.2			357.4			983.1			385.0			1,368.1			315.6			337.6			393.0			1,046.3
Elimination		-222.7			-207.9			-304.4			-735.2			-288.0			-1,023.2			-242.8			-263.2			-273.8			-779.9
Operating Income (billions of yen)		1,120.9			1,438.3			1,680.9			4,240.2			1,112.6			5,352.9			1,308.4			1,155.7			1,215.2			3,679.4			4,700.0
(Operating Income Ratio) (%)		(10.6	)		(12.6	)		(14.0	)		(12.5	)		(10.0	)		(11.9	)		(11.1	)		(10.1	)		( 9.8	)		(10.3	)		(10.0	)
Geographic Information
Japan		701.9			879.1			1,104.1			2,685.1			799.0			3,484.2			881.2			641.1			814.6			2,337.0
North America		119.6			169.4			227.4			516.5			-10.2			506.3			85.0			28.7			58.3			172.1
Europe		83.0			99.3			103.1			285.5			102.5			388.0			124.6			91.2			157.1			373.1
Asia		186.2			224.9			238.4			649.6			215.9			865.5			245.9			244.4			194.8			685.2
Other		85.4			104.2			9.2			198.9			-0.6			198.3			41.7			98.8			39.0			179.6
Elimination		-55.4			-38.7			-1.5			-95.6			5.9			-89.6			-70.2			51.3			-48.8			-67.7
Business Segment
Automotive		945.6			1,301.6			1,472.6			3,719.9			901.5			4,621.4			1,117.9			949.8			1,006.1			3,073.8
Financial Services		147.2			97.6			172.0			416.9			153.0			570.0			159.7			172.7			163.7			496.2
All Other		40.2			39.5			44.1			123.9			51.2			175.2			40.7			33.2			50.5			124.6
Elimination		-12.2			-0.4			-7.9			-20.6			6.8			-13.8			-9.9			-0.1			-5.2			-15.3
Share of Profit (Loss) of Investments<br>Accounted for Using the Equity Method (billions of<br>yen)		193.3			185.1			217.6			596.1			166.9			763.1			164.9			99.3			190.4			454.7			600.0
Income before Income Taxes (billions of yen)		1,720.5			1,800.9			1,835.5			5,357.0			1,608.0			6,965.0			1,872.2			859.8			2,698.0			5,430.0			6,180.0
(Income before Income Taxes Ratio) (%)		(16.3	)		(15.7	)		(15.2	)		(15.7	)		(14.5	)		(15.4	)		(15.8	)		(7.5	)		(21.8	)		(15.2	)		(13.1	)
Net Income Attributable to Toyota Motor Corporation (billions of yen)		1,311.3			1,278.0			1,357.8			3,947.2			997.6			4,944.9			1,333.3			573.7			2,193.2			4,100.3			4,520.0
(Net Income Ratio) (%)		(12.4	)		(11.2	)		(11.3	)		(11.6	)		(9.0	)		(11.0	)		(11.3	)		(5.0	)		(17.7	)		(11.5	)		(9.6	)
Dividends
Cash Dividends (billions of yen)		—			405.4			—			405.4			606.3			1,011.7			—			525.9			—			525.9	^(Note 2)^
Cash Dividends per Share (yen)		—			30			—			30			45			75			—			40			—			40			90
Payout Ratio (%)		—			15.6			—			15.6			25.7			20.4			—			28.1			—			28.1			26.4
Value of Shares Repurchased (billions of yen)[actual purchase]		34.3			82.1			75.0			191.5			39.4			231.0			18.9			884.4			142.2			1,045.7	^(Note 3)^
Value of Shares Repurchased (billions of yen)[shareholder return]		—			99.9			—			99.9			1,000.0			1,099.9			—			200.0			—		^^	200.0^^	^(Note 3)^^(Note 4)^
Number of Outstanding Shares (thousands)		16,314,987			16,314,987			16,314,987			16,314,987			16,314,987			16,314,987			15,794,987			15,794,987			15,794,987			15,794,987

Supplemental 2

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

< IFRS >

	FY2024												FY2025									FY2025
	1Q<br>(2023/4-6)		2Q<br>(2023/7-9)		3Q<br>(2023/10-12)		9 months<br>(2023/4-12)		4Q<br>(2024/1-3)		12 months<br>(‘23/4-‘24/3)		1Q<br>(2024/4-6)		2Q<br>(2024/7-9)		3Q<br>(2024/10-12)		9 months<br>(2024/4-12)			Forecast<br>12 months<br>(‘24/4-‘25/3)
R&D Expenses (billions of yen)		294.8		314.0		289.2		898.1		304.2		1,202.3		304.6		334.9		336.8		976.4			1,300.0	^(Note 5)^
Depreciation Expenses (billions of yen)		298.3		303.2		302.9		904.5		343.8		1,248.4		352.3		335.4		335.3		1,023.0			1,380.0	^(Note 6)^
Geographic Information
Japan		140.7		139.5		133.6		413.9		152.8		566.7		148.6		141.8		143.9		434.4
North America		79.4		84.5		91.4		255.4		122.4		377.8		120.4		114.8		112.8		348.1
Europe		21.4		23.4		21.3		66.2		15.9		82.1		23.4		25.6		25.7		74.8
Asia		46.1		44.6		45.4		136.1		45.4		181.6		48.3		43.0		42.9		134.3
Other		10.5		11.1		11.0		32.7		7.2		40.0		11.4		9.9		9.9		31.3
Capital Expenditures (billions of yen)		366.6		442.8		486.9		1,296.4		714.4		2,010.8		368.0		443.1		558.7		1,369.9			2,150.0	^(Note 6)^
Geographic Information
Japan		144.0		175.2		174.0		493.3		354.3		847.6		163.2		198.7		255.4		617.4
North America		154.1		159.5		182.6		496.3		226.2		722.5		115.9		173.4		184.6		474.1
Europe		12.5		28.9		23.4		64.8		23.9		88.8		17.4		10.7		15.0		43.1
Asia		41.1		54.9		89.4		185.5		82.7		268.2		52.6		30.6		65.8		149.1
Other		14.7		24.2		17.3		56.3		27.1		83.5		18.6		29.5		37.8		86.0
Total Liquid Assets (billions of yen)		12,287.8		13,808.6		14,143.6		14,143.6		15,079.5		15,079.5		15,585.7		15,404.1		16,366.2		16,366.2	^(Note 7)^
Total Assets (billions of yen)		80,131.2		83,661.3		84,232.1		84,232.1		90,114.2		90,114.2		94,037.3		89,169.2		94,674.4		94,674.4
Toyota Motor Corporation Shareholders’ Equity (billions of yen)		30,330.0		31,893.1		32,561.6		32,561.6		34,220.9		34,220.9		35,737.7		34,368.5		35,910.2		35,910.2
Return on Equity (%)		17.9		16.4		16.9		17.3		12.0		15.8		15.2		6.5		25.0		15.6
Return on Asset (%)		6.8		6.2		6.5		6.6		4.6		6.0		5.8		2.5		9.5		5.9
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)	3Q<br>(2024/10-12)		9 months<br>(2024/4-12)
---	---	---	---	---
Effects of Marketing Activities		-95.0		-165.0
Effects of Changes in Exchange Rates		-120.0		490.0
Cost Reduction Efforts		-20.0		70.0
From Engineering		-40.0		30.0
From Manufacturing and Logistics		20.0		40.0
Increase or Decrease in Expenses and Expense Reduction Efforts		-150.0		-590.0
Other		-80.7		-365.7
(Changes in Operating Income)		-465.6		-560.7
Non-operating Income		1,328.1		633.7
Share of Profit (Loss) of Investments Accounted for Using the Equity Method		-27.2		-141.4
Income tax expense, Net Income Attributable to<br>Non-controlling Interests		-27.0		80.1
(Changes in Net Income Attributable to Toyota Motor Corporation)		835.4		153.1

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

FY2025 THIRD QUARTER FINANCIAL RESULTS

FY2025 Third Quarter Financial Results Toyota Motor Corporation Toyota Woven City February 5, 2025 1

Cautionary Statement with Respect to Forward-Looking Statements and Caution Concerning Insider Trading This presentation contains forward-looking statements that reflect the plans and expectations of Toyota Motor Corporation and its consolidated subsidiaries (“Toyota”). These forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause Toyota’s actual results, performance, achievements or financial position to be materially different from any future results, performance, achievements or financial position expressed or implied by these forward-looking statements. These factors include, but are not limited to: (i) changes in economic conditions, market demand, and the competitive environment affecting the automotive markets in Japan, North America, Europe, Asia and other markets in which Toyota operates; (ii) fluctuations in currency exchange rates (particularly with respect to the value of the Japanese yen, the U.S. dollar, the euro, the Australian dollar, the Canadian dollar and the British pound), stock prices and interest rates; (iii) changes in funding environment in financial markets and increased competition in the financial services industry; (iv) Toyota’s ability to market and distribute effectively; (v) Toyota’s ability to realize production efficiencies and to implement capital expenditures at the levels and times planned by management;(vi) changes in the laws, 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 Motor Corporation’s annual report on Form 20-F, which is on file with the United States Securities and Exchange Commission. Caution concerning Insider Trading Under Japanese securities laws and regulations (the Regulations ), subject to certain exceptions, any person who receives certain material information relating to the business, etc. of Toyota which may be contained in this document is prohibited from trading in Toyota's shares or certain other transactions related to such shares (as set forth in the Regulations) until such material information is deemed to be made public. Under the Regulations, material information is deemed to be made public when (i) such material information is notified to a stock exchange and is disclosed by ways of electromagnetic means as prescribed by the ordinance of the Cabinet Office (posting on the TDnet (Timely Disclosure Network) information service ) or (ii) twelve (12) hours have elapsed since a listed company, such as Toyota, disclosed such material information to at least two (2) media sources as prescribed by the Regulations. 2

FY2025 Third Quarter Results Summary Continued to invest in human resources and growth areas, raising the attractiveness of the industry as a whole, with a view of fostering an enthusiasm for work Operating income 3,679.4 billion yen (-560.7 billion yen YoY) - Achieved a high level of profit due to the impact of production recovery from the third quarter and improvement efforts despite a decrease in sales volume and one-time Actual costs. (9 months) - We are grateful to all our stakeholders, including suppliers and dealers, who continued to make steady strengthening of the foundation and improvements regardless of the situation with the participation of all. Operating income 4,700 billion yen (+400 billion yen from the previous forecast) - Upward revision incorporates progress in strengthening earning power, backed by improvement efforts including product competitiveness and value chain earnings. Forecast - Investing 830 billion yen as planned in human resources and growth areas to build a robust foundation for continued growth over the next 50 years. - Spread and permeate to the deeper layers the improvement of work environment for our friends in the automotive industry. CFO’s Message - Expand growth investment to transform into a mobility company. (opening of Woven City open / establishment of new BEV and battery entity in China / the U.S. battery plant begins operation) 3

FY2025 Third Quarter Financial Performance 4

Consolidated Vehicle Sales (FY2025 9 months) (thousands of vehicles) 8,000 7,295 96.0% 7,000 Japan 7,000 1,630 N. America 89.2% 1,454 6,000 Europe 5,000 94.5% 2,161 2,043 Asia 4,000 Other 97.9% 3,000 884 866 Central and 2,000 South America, 100.2% 1,378 1,376 Oceania, 1,000 Africa, 101.2% 1,245 1,259 The Middle East, etc. 0 2023.4-12 2024.4-12 YoY Reference (retail) Toyota and Lexus Vehicle Sales 7,908 7,758 98.1% [35.9%] [45.3%] Electrified Vehicle [%] 2,837 3,515 123.9% HEV 2,646 3,289 124.3% PHEV 102 115 112.7% BEV 87 110 126.9% FCEV 3 1 34.1% Total Retail Vehicle Sales 8,564 8,295 96.9% 5

Consolidated Financial Summary (FY2025 9 months) (billions of yen) 2024.4-12 Change 2023.4-12 Sales Revenues 34,022.7 35,673.5 +1,650.8 Operating Income 4,240.2 3,679.4 -560.7 Margin 12.5% 10.3% Other Income 1,116.8 1,750.6 +633.7 Share of Profit (Loss) of Investments *1 596.1 454.7 -141.4 Accounted for Using the Equity Method Income before Income Taxes 5,357.0 5,430.0 +73.0 Net Income Attributable to 3,947.2 4,100.3 +153.1 Toyota Motor Corporation Margin 11.6% 11.5% US $ 143 yen 153 yen +10 yen FOREX Rates € 155 yen 165 yen +10 yen *1 Regarding Japan: 328.6 (+5.8 year on year), China: 68.6 (-152.2 year on year), Other: 57.4 (+5.0 year on year) 6

Analysis of Consolidated Operating Income (FY2025 9 months) (billions of yen) Excluding the overall impact of foreign exchange rates and swap valuation gains/losses, etc.： -685.0 -165.0 +70.0 +490.0 -590.0 4,240.2 Cost Effects of -365.7 Reduction Marketing Effects of 3,679.4 Increase or Efforts Activities *2 FOREX Other *4 Decrease in Rates *1 Expenses and Expense Reduction W hich includes: Efforts *3 Strengthening Foundation of Suppliers/ Materials Prices -150.0 Cost Reduction +220.0 2023.4-12 2024.4-12 143 yen/US$ 153 yen/US$ Operating Income (-560.7) 155 yen/ € 165 yen/ € *1 Details *2 Details *3 Details *4 Details Transactional (Imports/Exports) +425.0 Volume, Model Mix -325.0 Labor Cost -215.0 Valuation Gains / Losses from Swaps, etc. +29.7 - US $ +360.0 Value Chain +135.0 Depreciation Expenses -30.0 Impact of Inflation Accounting, etc. +48.0 - Financial Services - € +65.0 +35.0 R&D Expenses -65.0 HINO MOTORS Certification Related Expenses -284.8 - Other ±0.0 Expenses, etc. -280.0 Other -158.6 - Accessories / Spare Parts / +100.0 Used Vehicle / Connected, etc. Translational FOREX Impact Concerning +65.0 Overseas Subsidiaries, etc. Other +25.0 7

Geographic Operating Income (FY2025 9 months) Operating Income (billions of yen) (excluding Valuation Gains/Losses relating to Swaps, etc.) [ ] Margin Consolidated Vehicle Sales (thousands of vehicles) Europe Japan N. America Asia Other Incl. China (excl. investments accounted for using the equity method of associates 2,161 and joint ventures) (94.5%) 2,043 1,630 (89.2%) 1,454 (100.2%) 1,378 1,376 (101.2%) 1,259 1,245 884 (97.9%) 866 -345.0 2,686.3 [16.6%] 2,341.2 [14.4%] -348.2 +28.9 +67.2 552.5 -21.3 [4.1%] 376.1 308.8 204.2 [8.3%] 680.7 190.1 651.7 168.8 [7.4%] [1.4%] [10.0%] [6.0%] [9.8%] [5.0%] 2023.4-12 2024.4-12 2023.4-12 2024.4-12 2023.4-12 2024.4-12 2023.4-12 2024.4-12 2023.4-12 2024.4-12 Operating Income including Valuation Gains/Losses relating to Swaps, etc. (billions of yen) 2,685.1 2,337.0 516.5 172.1 285.5 373.1 649.6 685.2 198.9 179.6 8

China Business / Financial Services (FY2025 9 months) (Ref.) China Business Financial Services Operating Income of Consolidated Subsidiaries (billions of yen) Operating Income (billions of yen) Share of Profit of Investments Accounted for Using the Equity＊ Excluding Valuation Gains/Losses relating to Swaps, etc. Method of Associates and Joint Ventures (billions of yen) Toyota and Lexus Vehicle Retail Sales (thousands of vehicles) 1,528 (91.8%) 1,402 138.7 -13.2 Effects of 520.2 +49.5 Marketing 470.6 Effects of Activities, etc. Increase in Loan Balance, etc. 125.4 220.9 -152.3 Effects of Marketing 68.6 Activities, etc. 2023.4-12 2024.4-12 Operating Income including Valuation Gains/Losses relating to Swaps, etc. (billions of yen) 2024.4-12 2023.4-12 416.9 496.2 9

FY2025 Financial Forecasts 10

FY2025 Forecast: Consolidated Vehicle Sales (thousands of vehicles) 100.0% 9,443 10,000 9,400 9,400 Japan 1,993 2,030 2,020 99.5% 8,000 N. America Europe 6,000 2,816 2,720 2,750 101.1% Asia 4,000 1,150 1,170 101.7% 1,192 Other Central and 1,860 1,840 1,804 98.9% South America, 2,000 Oceania, Africa, 1,640 1,620 98.8% 1,638 The Middle East, etc. 0 Previous Forecast New Forecast vs. Previous FY2024 Results 2024.4-2025.3 2024.4-2025.3 2023.4-2024.3 Forecast Reference (retail) Toyota and Lexus Vehicle Sales 10,100 10,100 100.0% 10,309 Electrified Vehicles [%] 4,648 [46.0%] 4,659 [46.1%] 100.2% 3,855 [37.4%] HEV 4,325 4,362 100.9% 3,594 PHEV 162 154 95.1% 141 BEV 160 142 88.8% 117 FCEV 1 1 100.0% 4 Total Retail Vehicle Sales 10,850 10,850 100.0% 11,090 11

FY2025 Forecast: Consolidated Financial Summary （billions of yen） FY2024 Results Previous Forecast New Forecast Change 2023.4-2024.3 2024.4-2025.3 2024.4-2025.3 Sales Revenues 45,095.3 46,000.0 47,000.0 +1,000.0 Operating Income 5,352.9 4,300.0 4,700.0 +400.0 Margin 11.9% 9.3% 10.0% Other Income 680.0 1,480.0 +800.0 1,612.1 Share of Profit (Loss) of Investments 590.0 600.0 +10.0 763.1 Accounted for Using the Equity Method Income before Income Taxes 4,980.0 6,180.0 +1,200.0 6,965.0 Net Income Attributable to 3,570.0 4,520.0 +950.0 4,944.9 Toyota Motor Corporation Margin 7.8% 9.6% 11.0% Dividend per share ±0 yen 90 yen 90 yen 75 yen ＊ US $ 147 yen 152 yen +5 yen 145 yen FOREX Rates ＊ € 161 yen 164 yen +3 yen 157 yen * FOREX Rate performance: 153 yen against the U.S. dollar and 165 yen against the Euro from April 2024 to December 2024 FOREX Rate assumptions: 150 yen against the U.S. dollar and 160 yen against the Euro from January 2025 to March 2025 12

Analysis of FY2025 Forecast: Consolidated Operating Income (vs. FY2024 Results) n Investment in human resources and growth areas for the future has progressed according to plan. n Under product & region-based management, our earning power has been enhanced as we have proceeded “Ever-better car” and “Best in town” activities with many stakeholders. (billions of yen) 5,352.9 -352.9 5,000.0 -700.0 +565.0 4,700.0 4,300.0 -130.0 -520.0 +485.0 Investment in Investment in Improvement Human One-off Human Effects of Efforts Resources Expenses Resources & FOREX and Growth Areas Rates Growth Area (additional) 1. Price revision 2. Controlling incentive 3. Increasing value chain earnings Forecast in May “Earning Power” 3Q Forecast FY2024 Results Operating Income 2024.4-2025.3 2024.4-2025.3 2023.4-2024.3 Consolidated (+400.0) Sales Volume 152 yen/US$ 145 yen/US$ 145 yen/US$ 9.5 million units 164 yen/ € 160 yen/ € 157 yen/ € 145 yen/US$ 13

(Ref.) Analysis of Consolidated Operating Income (FY2025 9 months) (billions of yen) Excluding the overall impact of foreign exchange (A) rates and swap valuation gains/losses, etc.： -685.0 -165.0 +70.0 +490.0 -590.0 4,240.2 Cost Effects of -365.7 Reduction Marketing Effects of 3,679.4 Increase or Efforts Activities FOREX Other Decrease in Rates Expenses and Expense Reduction W hich includes: Efforts Strengthening Foundation of Suppliers/ Materials Prices -150.0 Cost Reduction +220.0 2023.4-12 2024.4-12 Increase or Decrease in Cost Reduction Effects of Marketing Expenses and Expense Total Efforts Activities Reduction Efforts (1) Market environment -275.0 -275.0 -220.0 -10.0 -80.0 -310.0 (2) Human resources (3) Growth investments -180.0 -180.0 Deduct (1)(2)(3) from (A) +290.0 +120.0 -330.0 +80.0 14

(Ref.) Analysis of FY2025 Forecast: Consolidated Operating Income (vs. FY2024 Results) Excluding the overall impact of foreign exchange rates and swap valuation gains/losses, etc： -865.0 (billions of yen) -25.0 +55.0 -895.0 +540.0 5,352.9 Marketing Cost Reduction -327.9 Effects of Efforts Efforts *2 4,700.0 Increase or FOREX Other *4 Rates *1 Decrease in Which includes: Expenses and Strengthening Foundation of Suppliers/ Expense Reduction Materials Prices -315.0 Efforts *3 Cost Reduction +290.0 FY2025 New Forecast FY2024 Results 2024.4-2025.3 2023.4-2024.3 Operating Income (-652.9) 145 yen/US$ 152 yen/US$ 157 yen/€ 164 yen/€ *1 Details *2 Details *3 Details *4 Details Transactional (Imports/Exports) +395.0 Volume, Model Mix -5.0 Labor Cost -235.0 Valuation Gains / Losses from Swaps, etc. +20.0 - US $ +370.0 Value Chain +170.0 Depreciation Expenses -130.0 Impact of Inflation Accounting, etc. +69.5 - € +65.0 - Financial Services +35.0 R&D Expenses -100.0 HINO MOTORS Certification Related -284.8 - Other -40.0 Expenses, etc. -430.0 Expenses - Accessories / Spare Parts / +135.0 Used Vehicle / Connected, etc. Other -132.6 Translational FOREX Impact Concerning +145.0 Overseas Subsidiaries, etc. 15 Other -110.0

(Ref.) Analysis of Consolidated Operating Income (vs. FY2024 Results) Excluding the overall impact of foreign exchange (A) rates and swap valuation gains/losses, etc： -865.0 (billions of yen) -25.0 +55.0 -895.0 +540.0 5,352.9 Marketing Cost Reduction -327.9 Effects of Efforts Efforts 4,700.0 Increase or FOREX Other Rates Decrease in Which includes: Expenses and Strengthening Foundation of Suppliers/ Expense Reduction Materials Prices -315.0 Efforts Cost Reduction +290.0 FY2025 New Forecast FY2024 Results 2024.4-2025.3 2023.4-2024.3 Increase or Decrease in Cost Reduction Marketing Efforts Expenses and Expense Total Efforts Reduction Efforts -352.9 -352.9 (1) Market environment (2) Human resources -390.0 -20.0 -100.0 -510.0 -320.0 -320.0 (3) Growth investments Deduct (1)(2)(3) from (A) +365.0 +427.9 -475.0 +317.9 16

(Ref.) Analysis of FY2025 Forecast: Consolidated Operating Income (vs. Previous Forecast) Excluding the overall impact of foreign exchange rates and swap valuation gains/losses, etc： +225.0 (billions of yen) -65.0 -120.0 +155.0 +135.0 4,700.0 +295.0 Increase or 4,300.0 Marketing Cost Other *4 Decrease in Efforts *2 Effects of Reduction Expenses and FOREX Efforts Expense Reduction Rates *1 Efforts *3 Which includes: Strengthening Foundation of Suppliers/ Materials Prices +135.0 Cost Reduction ±0.0 Previous Forecast New Forecast 2024.4-2025.3 2024.4-2025.3 Operating Income (+400.0) 147 yen/US$ 152 yen/US$ 161 yen/€ 164 yen/€ *1 Details *2 Details *3 Details *4 Details Transactional (Imports/Exports) +340.0 Volume, Model Mix +40.0 Labor Cost ±0.0 Valuation Gains / Losses from Swaps, etc. -15.0 - US $ +285.0 Value Chain +60.0 Depreciation Expenses ±0.0 Impact of Inflation Accounting, etc. -18.4 - € +30.0 - Financial Services +40.0 R&D Expenses ±0.0 HINO MOTORS Certification Related -54.8 - Other +25.0 Expenses, etc. -65.0 Expenses - Accessories / Spare Parts / +20.0 Used Vehicle / Connected, etc. Other -31.8 Translational FOREX Impact Concerning -45.0 Overseas Subsidiaries, etc. 17 Other +55.0

(Ref.) Consolidated Vehicle Sales (3 months) （thousands of vehicles） 2,551 2,444 95.8% 2,500 Japan 558 516 92.4% N.America 2,000 Europe 776 695 89.5% 1,500 Asia Other 318 97.4% 327 1,000 Central and South America, 473 480 98.6% Oceania, 500 Africa, The Middle East, 107.9% 442 410 etc. 0 2023.10-12 2024.10-12 YoY Reference (retail) Toyota and Lexus Vehicle Sales 2,736 2,729 99.8% Electrified Vehicles [%] [37.0%] [47.0%] 1,011 1,284 126.9% HEV 951 1,212 127.5% PHEV 32 40 123.3% BEV 28 32 114.7% FCEV 0 0 51.3% Total Retail Vehicle Sales 2,968 2,922 98.5% 18

(Ref.) Consolidated Financial Summary (3 months) (billions of yen) Change 2023.10-12 2024.10-12 Sales Revenues 12,041.1 12,391.0 +349.9 Operating Income 1,680.9 1,215.2 -465.6 Margin 14.0% 9.8% Other Income 154.5 1,482.7 +1,328.1 Share of Profit (Loss) of Investments ＊ 217.6 190.4 -27.2 Accounted for Using the Equity Method Income before Income Taxes 1,835.5 2,698.0 +862.4 Net Income Attributable to 1,357.8 2,193.2 +835.4 Toyota Motor Corporation Margin 11.3% 17.7% US $ 148 yen 152 yen +4 yen FOREX Rates € 159 yen 163 yen +4 yen * Regarding Japan: 140.0 (+36.5 year on year), China: 30.9 (-66.1 year on year), Other: 19.3 (+2.4 year on year) 19

(Ref.) Analysis of Consolidated Operating Income (3 months) (billions of yen) Excluding the overall impact of foreign exchange rates and swap valuation gains/losses, etc.： -265.0 1,680.9 -120.0 -20.0 -95.0 -150.0 Effects of Cost -80.7 Effects of FOREX Reduction 1,215.2 Marketing Increase or Rates *1 Efforts Other *4 Activities *2 Decrease in Expenses and Expense Reduction W hich includes: Efforts *3 Strengthening Foundation of Suppliers/ Materials Prices -65.0 Cost Reduction +45.0 2023.10-12 2024.10-12 148 yen/US$ 152 yen/US$ Operating Income (-465.6) 159 yen/€ 163 yen/€ *1 Details *2 Details *3 Details *4 Details Transactional (Imports/Exports) +35.0 Volume, Model Mix -185.0 Labor Cost -55.0 Valuation Gains / Losses from Swaps, etc. -49.0 - US $ +60.0 Value Chain +105.0 Depreciation Expenses ±0.0 Impact of Inflation Accounting, etc. +64.6 - Financial Services - € +10.0 +45.0 R&D Expenses -35.0 HINO MOTORS Certification Related Expenses -54.8 - Other -35.0 Expenses, etc. -60.0 Other -41.5 - Accessories / Spare Parts / +60.0 Used Vehicle / Connected, etc. Translational FOREX Impact Concerning -155.0 Overseas Subsidiaries, etc. Other -15.0 20

(Ref.) Geographic Operating Income (3 months) Operating Income (billions of yen) (excluding Valuation Gains/Losses relating to Swaps, etc.) [ ] Margin Consolidated Vehicle Sales (thousands of vehicles) N.America Japan Europe Asia Other Incl. China (excl. investments accounted for using the equity method of associates and joint ventures) 558 776 (92.4%) 516 (89.5%) 695 480 473 (98.6%) （107.9%） 442 410 327 (97.4%) 318 -285.0 1,101.8 816.7 [19.6%] [14.2%] +35.9 -46.4 -113.7 +39.9 189.9 152.5 [3.8%] 116.5 [9.4%] 76.1 [7.7%] 240.2 43.5 3.5 193.8 [1.6%] [10.1%] [3.5%] [8.3%] [0.4%] 2023.10-12 2024.10-12 2023.10-12 2024.10-12 2023.10-12 2024.10-12 2023.10-12 2024.10-12 2023.10-12 2024.10-12 Operating Income including Valuation Gains/Losses relating to Swaps, etc. (billions of yen) 1,104.1 814.6 227.4 58.3 103.1 157.1 238.4 194.8 9.2 39.0 21

(Ref.) China Business / Financial Services (3 months) (Ref.) China Business Financial Services Operating Income of Consolidated Subsidiaries (billions of yen) Operating Income (billions of yen) Share of Profit of Investments Accounted for Using the Equity ＊ Excluding Valuation Gains/Losses relating to Swaps, etc. Method of Associates and Joint Ventures (billions of yen) Toyota and Lexus Vehicle Retail Sales (thousands of vehicles) 523 (102.3%) 535 37.6 -21.1 182.5 141.8 +40.7 97.1 16.5 -66.2 30.9 2023.10-12 2024.10-12 Operating Income including Valuation Gains/Losses relating to Swaps, etc. (billions of yen) 2023.10-12 2024.10-12 172.0 163.7 22

(Ref.) Transition of Financial Performance Net Income Attributable to Consolidated Vehicle Sales Sales Revenues Operating Income (trillions of yen) (billions of yen) Toyota Motor Corporation (thousands of vehicles) Operating Margin (%) (billions of yen) 47.0 11.9 Net Margin (%) 45.0 9,400 10.0 9,443 11.0 9.5 8,822 9.6 9.1 8,230 8.1 8.3 7,646 7.3 37.2 6.6 5,352.9 4,944.9 4,700.0 31.3 4,520.0 27.2 2,850.1 2,995.6 2,725.0 2,451.3 2,245.2 2,197.7 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 1 4 Total Liquid Assets* Total Shareholder Return (billions of yen) Capital Expenditures R&D Expenses* (billions of yen) (billions of yen) (billions of yen) Depreciation Expenses Ratio to Sales Revenues (%) 3 Dividend per Share (yen) * 16,366.2 4.0 2,150.0 (Forecast ) 90 15,079.5 75 3.6 2,010.8 52 48 60 3.3 Interest- 2.8 2,111.7 2.7 Bearing 11,579.4 11,313.7 *2 1,605.8 Debt 10,517.3 1,300.0 14,062.4 Share 1,241.6 1,202.3 1,343.0 1,248.4 Repurchase 1,124.2 1,293.2 12,651.6 Net Liquid 1,090.4 1,185.0 1,380.0 1,116.9 1,153.8 9,027.7 Assets 8,341.3 921.0 1,007.2 8,051.4 876.9 1,011.7 Dividend 816.9 718.2 671.0 2021.3 2022.3 2023.3 2024.3 2024.12 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 *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 23

Toyota & Lexus (Ref.) FY2025 Forecast: Vehicle Production and Retail Sales Previous Forecast FY2024 Results New Forecast (thousands of vehicles) Change 2024.4-2025.3 2023.4-2024.3 2024.4-2025.3 Japan 3,280 3,270 -10 3,309 Vehicle 生産 Overseas 6,420 6,430 +10 6,663 Production * Total ±0 9,972 9,700 9,700 Japan ±0 1,530 1,500 1,500 Retail Overseas Vehicle ±0 8,780 8,600 8,600 Sales * Total 10,309 ±0 10,100 10,100 * Total Retail Vehicle Sales ±0 11,090 10,850 10,850 * Including vehicles by Toyota’s unconsolidated entities 24

Customers Total Retail Vehicle Sales Toyota and Lexus Vehicle Sales Distributors or Dealers outside consolidation Consolidated Vehicle Sales (Ref.) Definitions of Consolidated and Retail Vehicle Sales Daihatsu- and Hino- brand vehicles Number of vehicles produced for wholesale by Toyota Motor Corporation and its consolidated subsidiaries Number of vehicles produced for wholesale by Toyota’s unconsolidated entities (e.g. joint ventures in China, etc.) *There are a limited number of exceptional cases where sales are made other than in accordance with the flowchart above. 25

NOTIFICATION OF CHANGE IN STATUS OF SUBSIDIARY

[Reference Translation]

February 5, 2025

To Whom It May Concern:

Company name:	TOYOTA MOTOR CORPORATION
Name and Title of Representative:	Koji Sato, President
	(Code Number:7203; Prime of Tokyo Stock Exchange and Premier of Nagoya Stock Exchange)
Name and Title of Contact Person:	Yoshihide Moriyama, General Manager, Capital Strategy & Affiliated Companies Finance Div.
	(Telephone: +81-565-28-2121)

Notification of Change in Status of Subsidiary

(Establishment of a new subsidiary)

At the Board of Directors meeting held on February 5, 2025, Toyota Motor Corporation (“Toyota”) has resolved to establish a new wholly-owned company in Jinshan District, in southwest Shanghai to develop and produce battery electric vehicles (“BEVs”) and batteries.

1.	The reason of establishment of subsidiary

Toyota will sign a comprehensive partnership agreement with the Shanghai municipal government in China regarding carbon neutrality. Under this partnership with the Shanghai municipal government, Toyota hopes to contribute to the Chinese government’s goal of achieving carbon neutrality by 2060 in fields such as hydrogen energy, automated driving technology, and battery recycling and reuse. To drive the initiative forward, Toyota will establish a new company based on the belief that quicker supply of products that meet customers’ needs is important in China where there is a high demand for new energy vehicles.

2.	Overview of the subsidiary
(1) Company Name	To be determined
---	---
(2) Location	Jinshan District, Shanghai, China
(3) Job title and name of representative	Tatsuro Ueda, President
(4) Description of business	Development and production of BEVs, and production of batteries
(5) Share capital	107.1 billion (planned)
(6) Date of establishment	Scheduled for the first half of 2025.<br> Subject to the completion of necessary procedures in<br>accordance with local laws and other conditions.
(7) Investment ratio	Toyota, 100%
(8) Relationship between Toyota and said company	Capital relationship
	Personnel relationship
	Business relationship

All values are in Japanese Yen.

3.	Future outlook

Toyota believes that this investment has little impact on Toyota’s business performance.

The newly formed company will develop a new BEV under the Lexus brand, with production scheduled to begin from 2027 onwards. The initial production capacity is expected to be around 100,000 units per year, and approximately 1,000 new jobs are planned for the start-up phase.

Toyota has been working with partners such as China FAW Group Corp., Ltd. and Guangzhou Automobile Group Co., Ltd. to bring smiles to customers in China. Going forward, Toyota will continue working together with all its partners to be a “best-in-town” company to achieve its goal of “producing happiness for all.”

-End-

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