Form 6-K TOYOTA MOTOR CORP/ For: May 11

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May 11, 2016 6:17 AM EDT

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SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

Report of Foreign Private Issuer

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

the Securities Exchange Act of 1934

For the month of May, 2016

Commission File Number 001-14948

Toyota Motor Corporation

(Translation of Registrant’s Name Into English)

1, Toyota-cho, Toyota City,

Aichi Prefecture 471-8571,

Japan

(Address of Principal Executive Offices)

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

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

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

Material Contained in this Report:

I.	English translations of the original Japanese-language documents, as filed with the Tokyo Stock Exchange on May 11 2016, with respect to the registrant’s results of operations for the fiscal year ended March 31, 2016.

(1)

FY2016 Financial Summary

(2)

Supplemental Material for Financial Results for FY2016 (Consolidated)

(3)

Supplemental Material for Financial Results for FY2016 (Unconsolidated)

II.	English translation of the Notice Concerning the Holding of Ordinary General Shareholders’ Meeting to be held on June 15, 2016, as filed by the registrant with the Tokyo Stock Exchange on May 11, 2016.

III.	English translation of the Notice Concerning Distribution of Dividends from Surplus, as filed by the registrant with the Tokyo Stock Exchange on May 11, 2016.

IV.	English translation of the Notice Concerning the Determination of Matters Relating to the Repurchase of Shares of Common Stock, as filed by the registrant with the Tokyo Stock Exchange on May 11, 2016.

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/ Yasushi Kyoda
	Name:	Yasushi Kyoda
	Title:	General Manager of Accounting Division

Date: May 11, 2016

FINANCIAL SUMMARY

FY2016

(April 1, 2015 through March 31, 2016)

English translation from the original Japanese-language document

TOYOTA MOTOR CORPORATION

FY2016 Consolidated Financial Results

(Consolidated financial information has been prepared in accordance with U.S. generally accepted accounting principles)

English translation from the original Japanese-language document

May 11, 2016


Company name	:	Toyota Motor Corporation
Stock exchanges on which the shares are listed	:	Tokyo, Nagoya, Sapporo and Fukuoka Stock Exchanges in Japan
Code number	:	7203
URL	:	http://www.toyota.co.jp
Representative	:	Akio Toyoda, President
Contact person	:	Yasushi Kyoda, General Manager, Accounting Division Tel. (0565)28-2121
Date of the ordinary general shareholders’ meeting	:	June 15, 2016
Payment date of cash dividends	:	June 2, 2016
Filing date of financial statements	:	June 24, 2016
Supplemental materials prepared for financial results	:	yes
Earnings announcement for financial results	:	yes

(Amounts are rounded to the nearest million yen for consolidated results)

1.	Consolidated Results for FY2016 (April 1, 2015 through March 31, 2016)

(1)	Consolidated financial results


	(% of change from previous year)
	Net revenues				Operating income				Income before income taxes and equity in earnings of affiliated companies				Net income attributable to Toyota Motor Corporation
	Million yen		%		Million yen		%		Million yen		%		Million yen		%
FY2016		28,403,118		4.3		2,853,971		3.8		2,983,381		3.1		2,312,694		6.4
FY2015		27,234,521		6.0		2,750,564		20.0		2,892,828		18.5		2,173,338		19.2

Note: Comprehensive income FY2016 1,517,486 million yen ( -53.9 %), FY2015 3,294,275 million yen ( 13.9 %)


	Net income attributable to Toyota Motor Corporation per common share – Basic		Net income attributable to Toyota Motor Corporation per common share – Diluted		Ratio of net income attributable to Toyota Motor Corporation to Toyota Motor Corporation shareholders’ equity		Ratio of income before income taxes and equity in earnings of affiliated companies to total assets		Ratio of operating income to net revenues
	Yen		Yen		%		%		%
FY2016		741.36		735.36		13.8		6.3		10.0
FY2015		688.02		687.66		13.9		6.5		10.1

Reference: Equity in earnings of affiliated companies FY2016 329,099 million yen, FY2015 308,545 million yen

(2)	Consolidated financial position


	Total assets		Mezzanine equity and Shareholders’ equity		Toyota Motor Corporation shareholders’ equity		Ratio of Toyota Motor Corporation shareholders’ equity		Toyota Motor Corporation shareholders’ equity per share
	Million yen		Million yen		Million yen		%		Yen
FY2016		47,427,597		18,088,186		16,746,935		35.3		5,513.08
FY2015		47,729,830		17,647,329		16,788,131		35.2		5,334.96

(3)	Consolidated cash flows


	From operating activities		From investing activities		From financing activities		Cash and cash equivalents at end of year
	Million yen		Million yen		Million yen		Million yen
FY2016		4,460,857		-3,182,544		-423,571		2,939,428
FY2015		3,685,753		-3,813,490		306,045		2,284,557

2.	Cash Dividends


	Annual cash dividends per common share										Total amount of cash dividends (annual)		Dividends payout ratio (consolidated)		Ratio of total amount of dividends to Toyota Motor Corporation shareholders’ equity (consolidated)
	End of first quarter		End of second quarter		End of third quarter		Year-end		Total		Total amount of cash dividends (annual)		Dividends payout ratio (consolidated)
	Yen		Yen		Yen		Yen		Yen		Million yen		%		%
FY2015		—		75.00		—		125.00		200.00		631,308		29.0		4.0
FY2016		—		100.00		—		110.00		210.00		645,520		28.3		3.9
FY2017 (forecast)		—		—		—		—		—				—

Note:

Please refer to “Reference: Cash Dividends on Class Shares” for information regarding cash dividends on class shares, which are unlisted and have different rights from common stock.

3.	Forecast of Consolidated Results for FY2017 (April 1, 2016 through March 31, 2017)


	(% of change from FY2016)
	Net revenues				Operating income				Income before income taxes and equity in earnings of affiliated companies				Net income attributable to Toyota Motor Corporation				Net income attributable to Toyota Motor Corporation per common share – Basic
	Million yen		%		Million yen		%		Million yen		%		Million yen		%		Yen
Full-year		26,500,000		-6.7		1,700,000		-40.4		1,900,000		-36.3		1,500,000		-35.1		490.51

Note:

This forecast does not include the effects of suspension of operations on vehicle assembly lines in Japan, resulting from the Kumamoto Earthquake that struck Japan’s island of Kyushu in April 2016.

Notes

(1)	Changes in significant subsidiaries during FY2016

(Changes in specified subsidiaries that caused a change in the scope of consolidation): none

(2)	Changes in accounting principles, procedures, and disclosures during FY2016

(i)

Changes by a newly issued accounting pronouncement: yes

(ii)

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

Note: For more details, please see page 15 “(6) Summary of Significant Accounting Policies.”

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

(i)

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

FY2016 3,337,997,492 shares, FY2015 3,417,997,492 shares

(ii)

Number of treasury stock at the end of each fiscal year: FY2016 300,321,622 shares, FY2015 271,183,861 shares

(iii)

Average number of shares issued and outstanding in each fiscal year: FY2016 3,111,306,060 shares, FY2015 3,158,851,116 shares

Reference: Overview of the Unconsolidated Financial Results

FY2016 Unconsolidated Financial Results

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

English translation from the original Japanese-language document

(Amounts less than one million yen are omitted for unconsolidated results)

1.	Unconsolidated Results for FY2016 (April 1, 2015 through March 31, 2016)

(1)	Unconsolidated financial results


	(% of change from previous year)
	Net revenues				Operating income				Ordinary income				Net income
	Million yen		%		Million yen		%		Million yen		%		Million yen		%
FY2016		11,585,822		3.4		1,402,126		10.3		2,284,091		7.5		1,810,370		7.1
FY2015		11,209,414		1.5		1,270,664		0.1		2,125,104		15.6		1,690,679		19.3

	Net income per common share – Basic				Net income per common share – Diluted
	Yen				Yen
FY2016		581.08				575.64
FY2015		535.22				534.95

(2) Unconsolidated financial position
	Total assets				Net assets				Equity ratio				Net assets per common share
	Million yen				Million yen				%				Yen
FY2016		16,100,209				10,859,443				67.4				3,417.07
FY2015		15,128,623				10,184,271				67.3				3,235.44

Reference: Equity at the end of FY2016: 10,857,883 million yen, Equity at the end of FY2015: 10,181,339 million yen

2.	Forecast of Unconsolidated Results for FY2017 (April 1, 2016 through March 31, 2017)


	(% of change from FY2016)
	Net revenues				Operating income				Ordinary income				Net income				Net income per common share – Basic
	Million yen		%		Million yen		%		Million yen		%		Million yen		%		Yen
Full-year		11,200,000		-3.3		560,000		-60.1		1,390,000		-39.1		1,200,000		-33.7		393.41

Note:

This forecast does not include the effects of suspension of operations on vehicle assembly lines in Japan, resulting from the Kumamoto Earthquake that struck Japan’s island of Kyushu in April 2016.

Information Regarding the Audit Procedures

At the time of disclosure of this report, the procedures for audit of financial statements, pursuant to the “Financial Instruments and Exchange Act” of Japan, have not been completed.

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 Russian ruble, the Canadian dollar and the British pound, 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; (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; and (xiv) the impact of natural calamities including the negative effect on Toyota’s vehicle production and sales.

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.

Consolidated financial information in this report is prepared in accordance with U.S. generally accepted accounting principles.

Reference: Cash Dividends on Class Shares

Cash dividends on class shares, which have different rights from common stock, are as follows:


	Annual cash dividends per First Series Model AA Class Share
	End of first quarter		End of second quarter		End of third quarter		Year-end		Total
	Yen		Yen		Yen		Yen		Yen
FY2016		—		26.00		—		26.00		52.00
FY2017 (forecast)		—		—		—		—		—

Note:

The First Series Model AA Class Shares were issued in July 2015.

TOYOTA MOTOR CORPORATION FY2016 Financial Summary

(Consolidated financial information has been prepared in accordance with U.S. generally accepted accounting principles)

TABLE OF CONTENTS


1. Financial Results and Position			2
(1) Consolidated Financial Results for FY2016			2
(2) Consolidated Financial Position for FY2016			4
(3) Basic Policy on the Distribution of Profits and the Distribution of Profits for FY2016			4
(4) Forecast of Consolidated Financial Results for FY2017			5

2. Management Policy			6
(1) Toyota’s Basic Management Policy			6
(2) Medium- and Long-term Management Strategy			6

3. Basic Concept Regarding the Selection of Accounting Standards			6

4. Consolidated Production and Sales			7
(1) Production			7
(2) Sales (by destination)			7

5. Breakdown of Consolidated Net Revenues			8

6. Consolidated Financial Statements			9
(1) Consolidated Balance Sheets			9
(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income			11
(3) Consolidated Statements of Shareholders’ Equity			13
(4) Consolidated Statements of Cash Flows			14
(5) Going Concern Assumption			15
(6) Summary of Significant Accounting Policies			15
(7) Segment Information			16
(8) Per Share Amounts			23
(9) Significant Subsequent Events			24

7. Unconsolidated Financial Statements			25
(1) Balance Sheets			25
(2) Statements of Income			27
(3) Changes in Net Assets			28
(4) Going Concern Assumption			31

TOYOTA MOTOR CORPORATION FY2016 Financial Summary

(Consolidated financial information has been prepared in accordance with U.S. generally accepted accounting principles)

1.	Financial Results and Position

(1) Consolidated Financial Results for FY2016

Financial Results

Reviewing the general economic environment for FY2016 (April 1, 2015 through March 31, 2016), with respect to the world economy, the U.S. economy has seen ongoing recovery mainly due to steady progress of personal consumption, and the European economy has seen a moderate recovery in the eurozone. Meanwhile, weaknesses have been seen in China and other Asian emerging countries. The Japanese economy has been on a moderate recovery as a whole, while weakness could be seen in personal consumption and other areas.

For the automobile industry, although markets have progressed in a steady manner, especially in the U.S., markets in some emerging countries have become stagnant, and the Japanese market has slowed down mainly in the sales of mini-vehicles due to the tax increase. Meanwhile, the development of automated driving technology, as well as efforts toward improvement in environmental friendliness and safety, has made significant progress.

Under these conditions, consolidated vehicle unit sales in Japan and overseas decreased by 291 thousand units, or 3.2%, to 8,681 thousand units in FY2016 compared with FY2015 (April 1, 2014 through March 31, 2015). Vehicle unit sales in Japan decreased by 95 thousand units, or 4.4%, to 2,059 thousand units in FY2016 compared with FY2015 under the declined market in Japan. However, with the efforts of dealers nationwide, Toyota and Lexus brands’ market share excluding mini-vehicles was 46.8%, and market share (including Daihatsu and Hino brands) including mini-vehicles was 43.2%, each remaining at as high a level as in FY2015. Meanwhile, overseas vehicle unit sales decreased by 196 thousand units, or 2.9%, to 6,622 thousand units in FY2016 compared with FY2015, because of decline in sales in Asia and the Middle East despite sales expansion in North America.

As for the results of operations, net revenues increased by 1,168.5 billion yen, or 4.3%, to 28,403.1 billion yen in FY2016 compared with FY2015, and operating income increased by 103.4 billion yen, or 3.8%, to 2,853.9 billion yen in FY2016 compared with FY2015. The factors contributing to an increase in operating income were cost reduction efforts of 390.0 billion yen, the effects of changes in exchange rates of 160.0 billion yen, and other factors of 13.4 billion yen. On the other hand, the factors contributing to a decrease in operating income were the increase in expenses and others of 340.0 billion yen, and the effects of marketing activities of 120.0 billion yen. Income before income taxes and equity in earnings of affiliated companies increased by 90.5 billion yen, or 3.1%, to 2,983.3 billion yen in FY2016 compared with FY2015. Net income attributable to Toyota Motor Corporation increased by 139.3 billion yen, or 6.4%, to 2,312.6 billion yen in FY2016 compared with FY2015.

Segment Operating Results

(i) Automotive:

Net revenues for the automotive operations increased by 915.2 billion yen, or 3.7%, to 25,977.4 billion yen in FY2016 compared with FY2015, and operating income increased by 123.6 billion yen, or 5.3%, to 2,448.9 billion yen in FY2016 compared with FY2015. The increase in operating income was mainly due to cost reduction efforts and the effects of changes in exchange rates.

(ii) Financial services:

Net revenues for the financial services operations increased by 235.0 billion yen, or 14.2%, to 1,896.2 billion yen in FY2016 compared with FY2015. However, operating income decreased by 22.6 billion yen, or 6.2%, to 339.2 billion yen in FY2016 compared with FY2015. The decrease in operating income was mainly due to the decrease in valuation gains on interest rate swaps stated at fair value in sales finance subsidiaries.

(iii) All other:

Net revenues for all other businesses decreased by 78.4 billion yen, or 6.2%, to 1,177.3 billion yen in FY2016 compared with FY2015. However, operating income increased by 0.8 billion yen, or 1.3%, to 66.5 billion yen in FY2016 compared with FY2015.

TOYOTA MOTOR CORPORATION FY2016 Financial Summary

(Consolidated financial information has been prepared in accordance with U.S. generally accepted accounting principles)

Geographic Information

(i) Japan:

Net revenues in Japan increased by 355.6 billion yen, or 2.5%, to 14,759.4 billion yen in FY2016 compared with FY2015, and operating income increased by 106.0 billion yen, or 6.7%, to 1,677.5 billion yen in FY2016 compared with FY2015. The increase in operating income was mainly due to cost reduction efforts and the effects of changes in exchange rates.

(ii) North America:

Net revenues in North America increased by 1,374.3 billion yen, or 14.2%, to 11,051.9 billion yen in FY2016 compared with FY2015. However, operating income decreased by 55.7 billion yen, or 9.5%, to 528.8 billion yen in FY2016 compared with FY2015. The decrease in operating income was mainly due to the increase in expenses and others, and the effects of changes in exchange rates.

(iii) Europe:

Net revenues in Europe decreased by 186.9 billion yen, or 6.6%, to 2,661.3 billion yen in FY2016 compared with FY2015, and operating income decreased by 8.7 billion yen, or 10.7%, to 72.4 billion yen in FY2016 compared with FY2015.

(iv) Asia:

Net revenues in Asia increased by 22.6 billion yen, or 0.5%, to 5,003.8 billion yen in FY2016 compared with FY2015, and operating income increased by 27.4 billion yen, or 6.5%, to 449.1 billion yen in FY2016 compared with FY2015. The increase in operating income was mainly due to the effects of changes in exchange rates and cost reduction efforts.

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

Net revenues in other regions decreased by 239.0 billion yen, or 9.8%, to 2,210.2 billion yen in FY2016 compared with FY2015, and operating income decreased by 2.6 billion yen, or 2.3%, to 108.9 billion yen in FY2016 compared with FY2015.

TOYOTA MOTOR CORPORATION FY2016 Financial Summary

(Consolidated financial information has been prepared in accordance with U.S. generally accepted accounting principles)

(2) Consolidated Financial Position for FY2016

Net cash flows from operating activities resulted in an increase in cash by 4,460.8 billion yen in FY2016. Net cash provided by operating activities increased by 775.1 billion yen from 3,685.7 billion yen in FY2015. Net cash flows from investing activities resulted in a decrease in cash by 3,182.5 billion yen in FY2016. Net cash used in investing activities decreased by 630.9 billion yen from 3,813.4 billion yen in FY2015. Net cash flows from financing activities resulted in a decrease in cash by 423.5 billion yen in FY2016. Net cash provided by financing activities decreased by 729.6 billion yen from 306.0 billion yen in FY2015. After taking into account the effect of changes in exchange rates, cash and cash equivalents increased by 654.8 billion yen, or 28.7%, to 2,939.4 billion yen at the end of FY2016 compared with the end of FY2015.

Regarding the consolidated cash flows by segment for FY2016, in non-financial services business, net cash provided by operating activities was 3,268.2 billion yen, net cash used in investing activities was 1,521.4 billion yen and net cash used in financing activities was 967.4 billion yen. Meanwhile, in the financial services business, net cash provided by operating activities was 1,241.1 billion yen, net cash used in investing activities was 1,721.1 billion yen and net cash provided by financing activities was 555.2 billion yen.

(3) Basic Policy on the Distribution of Profits and the Distribution of Profits for FY2016

Toyota Motor Corporation (“TMC”) deems the benefit of its shareholders as one of its priority management policies, and it is working to improve corporate structure towards the realization of sustainable growth in order to enhance its corporate value.

TMC will strive to continue to pay stable dividends on common shares with a consolidated dividend payout ratio of 30% while giving due consideration to factors such as business results for each term, investment plans and its cash reserves. TMC will pay dividends on the First Series Model AA Class Shares in accordance with a prescribed calculation method.

Furthermore, through repurchasing shares, TMC will return capital to shareholders and promote capital efficiency and agile capital policy in view of the business environment.

In order to successfully compete in this highly competitive industry, TMC plans to utilize its internal funds for the early commercialization of technologies for the next-generation environment and safety, giving priority to customer safety and sense of security.

Considering these factors, with respect to the dividends for FY2016, TMC has determined to pay a year-end dividend of 110 yen per common share by a resolution of the board of directors pursuant to TMC’s articles of incorporation. As a result, combined with the interim dividend of 100 yen per common share, the annual dividend will be 210 yen per common share, and the total amount of the dividends on common shares for the year will be 645.5 billion yen.

In FY2016, TMC repurchased approximately 39 million common shares, for an aggregate purchase price of approximately 293.3 billion yen, in order to return to shareholders the profits derived from Toyota’s business operations in the fiscal year ended March 31, 2015 and repurchased approximately 23 million common shares, for an aggregate purchase price of approximately 139.3 billion yen, in order to return to shareholders the profits derived from Toyota’s business operations in the interim period ended September 30, 2015.

In addition, in FY2016, TMC repurchased approximately 47 million common shares, for an aggregate purchase price of approximately 349.9 billion yen, in order to avoid dilution of common shares as a result of the issuance of the First Series Model AA Class Shares.

Furthermore, TMC has determined to repurchase approximately 100 million common shares (maximum), for an aggregate purchase price of approximately 500.0 billion yen (maximum), in order to return to shareholders the profits derived from TMC’s business operations in the second half of the fiscal year ended March 31, 2016 by a resolution of the board of directors on May 11, 2016.

TOYOTA MOTOR CORPORATION FY2016 Financial Summary

(Consolidated financial information has been prepared in accordance with U.S. generally accepted accounting principles)

(4) Forecast of Consolidated Financial Results for FY2017

As for our future business environment, the U.S. is expected to continue recovering and Europe, chiefly in the eurozone, is expected to continue its moderate recovery. Meanwhile, China and other emerging countries are showing a risk of a slowdown. The Japanese economy is expected to recover gradually, supported by continuing improvements in employment and income conditions, although attention needs to be paid to an economic decline caused by a slowdown in emerging countries. The automotive market is expected to progress steadily in developed countries, though concerns over slowdowns in emerging countries continue. In addition, measures to respond to environmental and fuel consumption regulations in various countries and to reinforce efforts toward the development of safety technologies are required, while companies in other businesses are newly venturing into the development of automated driving technology. Fierce competition is thus intensifying on a global scale.

Under these circumstances, the current forecast of consolidated financial results for the next fiscal year ending March 31, 2017 is set forth below. This forecast assumes average exchange rates through the fiscal year of 105 yen per US$1 and 120 yen per 1 euro. This forecast does not include the effects of suspension of operations on vehicle assembly lines in Japan, resulting from the Kumamoto Earthquake that struck Japan’s island of Kyushu in April 2016.

Forecast of consolidated results for FY2017


Net revenues	26,500.0 billion yen	(a decrease of 6.7% compared with FY2016)
Operating income	1,700.0 billion yen	(a decrease of 40.4% compared with FY2016)
Income before income taxes and equity in earnings of affiliated companies	1,900.0 billion yen	(a decrease of 36.3% compared with FY2016)
Net income attributable to Toyota Motor Corporation	1,500.0 billion yen	(a decrease of 35.1% compared with FY2016)

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 Russian ruble, the Canadian dollar and the British pound, 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; (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; and (xiv) the impact of natural calamities including the negative effect on Toyota’s vehicle production and sales.

TOYOTA MOTOR CORPORATION FY2016 Financial Summary

(Consolidated financial information has been prepared in accordance with U.S. generally accepted accounting principles)

2.	Management Policy

(1) Toyota’s Basic Management Policy

“Management Policy” has been omitted, as there were no significant changes from the matters disclosed in the “Financial Summary” for the fiscal year ended March 31, 2012 (released on May 9, 2012).

The aforementioned information is available on the following Web sites.

Toyota Web site:

http://www.toyota.co.jp

Japan Exchange Group, Inc. Web site (listed company information page):

http://www.jpx.co.jp/listing/co-search/index.html

(2) Medium- and Long-term Management Strategy

Toyota intends to steadily progress toward the realization of the Toyota Global Vision through sustainable growth based on the following policies:

First, we intend to contribute to the realization of a future mobility society through pioneering technologies, products and businesses. We will develop human resources who will foresee the future and courageously take on new challenges.

Second, we intend to reinforce true competitiveness in order to grow as steadily as a tree adding annual growth rings. We will thoroughly improve quality, establish new working methods to sincerely engage with “customers and cars,” and enhance our crisis management abilities for responding to crises of every type.

In order to realize the above vision, we reorganized our corporate structure in April 2016 to establish a three-part structure: product-based in-house companies, region-based business units, and the head office. At the product-based in-house companies, streamlined operation from planning through manufacturing enables quick and independent decision-making. Within the region-based business units, we aim to build even more regional operations. The head office will work to formulate a medium- to long-term vision and management strategy, including an appropriate allocation of resources, with an eye toward the future.

Based on these initiatives, Toyota will contribute to “enriching lives of communities” by providing “ever-better cars.” This is expected to encourage more customers to purchase Toyota cars and thereby lead to the establishment of a stable business base. By perpetuating this cycle, we will aim to realize sustainable growth and enhance corporate value. In addition, through full observance of corporate ethics such as compliance with applicable laws and regulations, Toyota will fulfill its social responsibilities.

3.	Basic Concept Regarding the Selection of Accounting Standards

Toyota prepares its consolidated financial statements in accordance with U.S. generally accepted accounting principles due to the listing of Toyota’s common stock on the New York Stock Exchange.

TOYOTA MOTOR CORPORATION FY2016 Financial Summary

(Consolidated financial information has been prepared in accordance with U.S. generally accepted accounting principles)

4.	Consolidated Production and Sales

(1) Production


		(Units)
Business segment		FY2015 (For the year ended March 31, 2015)		FY2016 (For the year ended March 31, 2016)		Increase (Decrease)
Automotive	Japan		4,124,593		3,980,576		(144,017	)
	North America		1,932,618		1,970,053		37,435
	Europe		556,462		564,934		8,472
	Asia		1,829,048		1,605,345		(223,703	)
	Other		487,166		454,991		(32,175	)

	Total		8,929,887		8,575,899		(353,988	)

Other	Housing		5,404		5,604		200

Note:

1 Production in “Automotive” indicates production units of new vehicles.

2 “Other” in “Automotive” consists of Central and South America, Oceania and Africa.

(2) Sales (by destination)


		(Units)
Business segment		FY2015 (For the year ended March 31, 2015)		FY2016 (For the year ended March 31, 2016)		Increase (Decrease)
Automotive	Japan		2,153,694		2,059,093		(94,601	)
	North America		2,715,173		2,839,229		124,056
	Europe		859,038		844,412		(14,626	)
	Asia		1,488,922		1,344,836		(144,086	)
	Other		1,755,037		1,593,758		(161,279	)

	Total		8,971,864		8,681,328		(290,536	)

Other	Housing		5,935		5,751		(184	)

Note:

1 Sales in “Automotive” indicates sales units of new vehicles.

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

TOYOTA MOTOR CORPORATION FY2016 Financial Summary

(Consolidated financial information has been prepared in accordance with U.S. generally accepted accounting principles)

5.	Breakdown of Consolidated Net Revenues


		(Yen in millions)
Business segment		FY2015 (For the year ended March 31, 2015)		FY2016 (For the year ended March 31, 2016)		Increase (Decrease)
Automotive	Vehicles		21,557,684		22,267,136		709,452
	Parts and components for overseas production		402,864		493,499		90,635
	Parts and components for after service		1,921,764		2,042,623		120,859
	Other		1,123,912		1,120,555		(3,357	)

	Total		25,006,224		25,923,813		917,589

Financial Services	—		1,621,685		1,854,007		232,322

Other	Housing		152,726		158,527		5,801
	Telecommunications		49,547		50,531		984
	Other		404,339		416,240		11,901

	Total		606,612		625,298		18,686

Total			27,234,521		28,403,118		1,168,597

Note:

The amounts represent net revenues from external customers.

TOYOTA MOTOR CORPORATION FY2016 Financial Summary

(Consolidated financial information has been prepared in accordance with U.S. generally accepted accounting principles)

6.	Consolidated Financial Statements

(1) Consolidated Balance Sheets


	(Yen in millions)
	FY2015 (March 31, 2015)			FY2016 (March 31, 2016)			Increase (Decrease)
Assets
Current assets:
Cash and cash equivalents		2,284,557			2,939,428			654,871
Time deposits		149,321			1,032,034			882,713
Marketable securities		2,782,099			1,511,389			(1,270,710	)
Trade accounts and notes receivable, less allowance for doubtful accounts of ¥40,849 million at March 31, 2015 and ¥83,969 million at March 31, 2016		2,108,660			2,000,149			(108,511	)
Finance receivables, net		6,269,862			5,912,684			(357,178	)
Other receivables		420,708			451,406			30,698
Inventories		2,137,618			2,061,511			(76,107	)
Deferred income taxes		978,179			967,607			(10,572	)
Prepaid expenses and other current assets		805,393			1,333,345			527,952

Total current assets		17,936,397			18,209,553			273,156

Noncurrent finance receivables, net		9,202,531			8,642,947			(559,584	)
Investments and other assets:
Marketable securities and other securities investments		7,632,126			7,439,799			(192,327	)
Affiliated companies		2,691,460			2,631,612			(59,848	)
Employees receivables		45,206			32,998			(12,208	)
Other		926,391			730,271			(196,120	)

Total investments and other assets		11,295,183			10,834,680			(460,503	)

Property, plant and equipment:
Land		1,354,815			1,352,904			(1,911	)
Buildings		4,282,839			4,311,895			29,056
Machinery and equipment		10,945,377			10,945,267			(110	)
Vehicles and equipment on operating leases		5,199,986			5,652,622			452,636
Construction in progress		581,412			513,953			(67,459	)

Total property, plant and equipment, at cost		22,364,429			22,776,641			412,212

Less – Accumulated depreciation		(13,068,710	)		(13,036,224	)		32,486

Total property, plant and equipment, net		9,295,719			9,740,417			444,698

Total assets		47,729,830			47,427,597			(302,233	)

TOYOTA MOTOR CORPORATION FY2016 Financial Summary

(Consolidated financial information has been prepared in accordance with U.S. generally accepted accounting principles)


	(Yen in millions)
	FY2015 (March 31, 2015)			FY2016 (March 31, 2016)			Increase (Decrease)
Liabilities
Current liabilities:
Short-term borrowings		5,048,188			4,698,134			(350,054	)
Current portion of long-term debt		3,915,304			3,822,954			(92,350	)
Accounts payable		2,410,588			2,389,515			(21,073	)
Other payables		913,013			1,040,277			127,264
Accrued expenses		2,668,666			2,726,120			57,454
Income taxes payable		348,786			343,325			(5,461	)
Other current liabilities		1,126,951			1,104,131			(22,820	)

Total current liabilities		16,431,496			16,124,456			(307,040	)

Long-term liabilities:
Long-term debt		10,014,395			9,772,065			(242,330	)
Accrued pension and severance costs		880,293			904,911			24,618
Deferred income taxes		2,298,469			2,046,089			(252,380	)
Other long-term liabilities		457,848			491,890			34,042

Total long-term liabilities		13,651,005			13,214,955			(436,050	)

Total liabilities		30,082,501			29,339,411			(743,090	)

Mezzanine equity
Model AA Class Shares, no par value, authorized: 0 share at March 31, 2015 and 150,000,000 shares at March 31, 2016 issued: 0 share at March 31, 2015 and 47,100,000 shares at March 31, 2016		—			479,779			479,779

Shareholders’ equity
Toyota Motor Corporation shareholders’ equity:
Common stock, no par value, authorized: 10,000,000,000 shares at March 31, 2015 and March 31, 2016 issued: 3,417,997,492 shares at March 31, 2015 and 3,337,997,492 shares at March 31, 2016		397,050			397,050			—
Additional paid-in capital		547,054			548,161			1,107
Retained earnings		15,591,947			16,794,240			1,202,293
Accumulated other comprehensive income (loss)		1,477,545			610,768			(866,777	)
Treasury stock, at cost, 271,183,861 shares at March 31, 2015 and 300,321,622 shares at March 31, 2016		(1,225,465	)		(1,603,284	)		(377,819	)

Total Toyota Motor Corporation shareholders’ equity		16,788,131			16,746,935			(41,196	)

Noncontrolling interests		859,198			861,472			2,274

Total shareholders’ equity		17,647,329			17,608,407			(38,922	)

Commitments and contingencies

Total liabilities, mezzanine equity and shareholders’ equity		47,729,830			47,427,597			(302,233	)

Note: The total number of authorized shares for common stock and Model AA Class Shares is 10,000,000,000 shares.

TOYOTA MOTOR CORPORATION FY2016 Financial Summary

(Consolidated financial information has been prepared in accordance with U.S. generally accepted accounting principles)

(2) Consolidated Statements of Income and

Consolidated Statements of Comprehensive Income

Consolidated Statements of Income


	(Yen in millions)
	FY2015 (For the year ended March 31, 2015)			FY2016 (For the year ended March 31, 2016)			Increase (Decrease)
Net revenues:
Sales of products		25,612,836			26,549,111			936,275
Financing operations		1,621,685			1,854,007			232,322

Total net revenues		27,234,521			28,403,118			1,168,597

Costs and expenses:
Cost of products sold		20,916,362			21,456,086			539,724
Cost of financing operations		925,314			1,149,379			224,065
Selling, general and administrative		2,642,281			2,943,682			301,401

Total costs and expenses		24,483,957			25,549,147			1,065,190

Operating income		2,750,564			2,853,971			103,407

Other income (expense):
Interest and dividend income		147,122			157,862			10,740
Interest expense		(22,871	)		(35,403	)		(12,532	)
Foreign exchange gain (loss), net		88,140			(5,573	)		(93,713	)
Other income (loss), net		(70,127	)		12,524			82,651

Total other income (expense)		142,264			129,410			(12,854	)

Income before income taxes and equity in earnings of affiliated companies		2,892,828			2,983,381			90,553

Provision for income taxes		893,469			878,269			(15,200	)
Equity in earnings of affiliated companies		308,545			329,099			20,554

Net income		2,307,904			2,434,211			126,307

Less – Net income attributable to noncontrolling interests		(134,566	)		(121,517	)		13,049

Net income attributable to Toyota Motor Corporation		2,173,338			2,312,694			139,356

Note:

Net income attributable to common shareholders for the fiscal year ended March 31, 2016 is 2,306,607 million yen, which is derived by deducting dividend and accretion to Model AA Class Shares of 6,087 million yen from Net income attributable to Toyota Motor Corporation.



	(Yen)
Net income attributable to Toyota Motor Corporation per common share
Basic		688.02	741.36	53.34
Diluted		687.66	735.36	47.70

TOYOTA MOTOR CORPORATION FY2016 Financial Summary

(Consolidated financial information has been prepared in accordance with U.S. generally accepted accounting principles)

Consolidated Statements of Comprehensive Income


	(Yen in millions)
	FY2015 (For the year ended March 31, 2015)			FY2016 (For the year ended March 31, 2016)			Increase (Decrease)
Net income		2,307,904			2,434,211			126,307
Other comprehensive income (loss), net of tax
Foreign currency translation adjustments		404,352			(395,352	)		(799,704	)
Unrealized gains (losses) on securities		577,703			(312,192	)		(889,895	)
Pension liability adjustments		4,316			(209,181	)		(213,497	)

Total other comprehensive income (loss)		986,371			(916,725	)		(1,903,096	)

Comprehensive income		3,294,275			1,517,486			(1,776,789	)

Less – Comprehensive income attributable to noncontrolling interests		(171,553	)		(71,569	)		99,984

Comprehensive income attributable to Toyota Motor Corporation		3,122,722			1,445,917			(1,676,805	)

TOYOTA MOTOR CORPORATION FY2016 Financial Summary

(Consolidated financial information has been prepared in accordance with U.S. generally accepted accounting principles)

(3) Consolidated Statements of Shareholders’ Equity


	(Yen in millions)
	FY2015 (For the year ended March 31, 2015)
	Common stock		Additional paid-in capital			Retained earnings			Accumulated other comprehensive income (loss)			Treasury stock, at cost			Total Toyota Motor Corporation shareholders’ equity			Noncontrolling interests			Total shareholders’ equity
Balances at March 31, 2014		397,050		551,308			14,116,295			528,161			(1,123,666	)		14,469,148			749,839			15,218,987

Equity transaction with noncontrolling interests and other				(422	)											(422	)		7,101			6,679
Comprehensive income:
Net income							2,173,338									2,173,338			134,566			2,307,904
Other comprehensive income (loss)
Foreign currency translation adjustments										380,448						380,448			23,904			404,352
Unrealized gains (losses) on securities										567,002						567,002			10,701			577,703
Pension liability adjustments										1,934						1,934			2,382			4,316

Total comprehensive income																3,122,722			171,553			3,294,275

Dividends paid to Toyota Motor Corporation common shareholders							(554,933	)								(554,933	)					(554,933	)
Dividends paid to noncontrolling interests																			(69,295	)		(69,295	)
Repurchase of treasury stock													(360,233	)		(360,233	)					(360,233	)
Reissuance of treasury stock				(2,136	)		(23,290	)					137,275			111,849						111,849
Retirement of treasury stock				(1,696	)		(119,463	)					121,159			—						—

Balances at March 31, 2015		397,050		547,054			15,591,947			1,477,545			(1,225,465	)		16,788,131			859,198			17,647,329


	(Yen in millions)
	FY2016 (For the year ended March 31, 2016)
	Common stock		Additional paid-in capital			Retained earnings			Accumulated other comprehensive income (loss)			Treasury stock, at cost			Total Toyota Motor Corporation shareholders’ equity			Noncontrolling interests			Total shareholders’ equity
Balances at March 31, 2015		397,050		547,054			15,591,947			1,477,545			(1,225,465	)		16,788,131			859,198			17,647,329

Equity transaction with noncontrolling interests and other				1,972			(97	)								1,875			3,834			5,709
Comprehensive income:
Net income							2,312,694									2,312,694			121,517			2,434,211
Other comprehensive income (loss)
Foreign currency translation adjustments										(362,965	)					(362,965	)		(32,387	)		(395,352	)
Unrealized gains (losses) on securities										(302,620	)					(302,620	)		(9,572	)		(312,192	)
Pension liability adjustments										(201,192	)					(201,192	)		(7,989	)		(209,181	)

Total comprehensive income																1,445,917			71,569			1,517,486

Accretion to Mezzanine equity							(3,638	)								(3,638	)					(3,638	)
Dividends to Toyota Motor Corporation class shareholders							(2,449	)								(2,449	)					(2,449	)
Dividends paid to Toyota Motor Corporation common shareholders							(704,728	)								(704,728	)					(704,728	)
Dividends paid to noncontrolling interests																			(73,129	)		(73,129	)
Repurchase of treasury stock													(782,871	)		(782,871	)					(782,871	)
Reissuance of treasury stock				183									4,515			4,698						4,698
Retirement of treasury stock				(1,048	)		(399,489	)					400,537			—						—

Balances at March 31, 2016		397,050		548,161			16,794,240			610,768			(1,603,284	)		16,746,935			861,472			17,608,407

TOYOTA MOTOR CORPORATION FY2016 Financial Summary

(Consolidated financial information has been prepared in accordance with U.S. generally accepted accounting principles)

(4) Consolidated Statements of Cash Flows


	(Yen in millions)
	FY2015 (For the year ended March 31, 2015)			FY2016 (For the year ended March 31, 2016)
Cash flows from operating activities:
Net income		2,307,904			2,434,211
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation		1,409,075			1,625,837
Provision for doubtful accounts and credit losses		78,969			159,265
Pension and severance costs, less payments		(3,161	)		8,833
Losses on disposal of fixed assets		31,625			33,329
Unrealized losses on available-for-sale securities, net		2,578			9,272
Deferred income taxes		(26,887	)		32,889
Equity in earnings of affiliated companies		(308,545	)		(329,099	)
Changes in operating assets and liabilities, and other		194,195			486,320

Net cash provided by operating activities		3,685,753			4,460,857

Cash flows from investing activities:
Additions to finance receivables		(13,126,596	)		(13,549,278	)
Collection of and proceeds from sales of finance receivables		12,450,388			13,115,854
Additions to fixed assets excluding equipment leased to others		(1,146,318	)		(1,282,545	)
Additions to equipment leased to others		(2,211,250	)		(2,776,671	)
Proceeds from sales of fixed assets excluding equipment leased to others		41,547			42,147
Proceeds from sales of equipment leased to others		803,423			1,111,727
Purchases of marketable securities and security investments		(3,194,294	)		(2,197,477	)
Proceeds from sales of and maturity of marketable securities and security investments		2,683,001			3,415,815
Changes in investments and other assets, and other		(113,391	)		(1,062,116	)

Net cash used in investing activities		(3,813,490	)		(3,182,544	)

Cash flows from financing activities:
Proceeds from issuance of long-term debt		5,029,018			4,845,872
Payments of long-term debt		(3,462,237	)		(4,176,202	)
Decrease in short-term borrowings		(288,724	)		(10,903	)
Proceeds from issuance of class shares		—			474,917
Dividends paid to Toyota Motor Corporation class shareholders		—			(1,225	)
Dividends paid to Toyota Motor Corporation common shareholders		(554,933	)		(704,728	)
Dividends paid to noncontrolling interests		(69,295	)		(73,129	)
Reissuance (repurchase) of treasury stock		(347,784	)		(778,173	)

Net cash provided by (used in) financing activities		306,045			(423,571	)

Effect of exchange rate changes on cash and cash equivalents		65,079			(199,871	)

Net increase in cash and cash equivalents		243,387			654,871

Cash and cash equivalents at beginning of year		2,041,170			2,284,557

Cash and cash equivalents at end of year		2,284,557			2,939,428

Note:

In the Consolidated Statements of Cash Flows, cash and cash equivalents include cash on hand, bank deposits that can be withdrawn at any time and short-term investments that can be converted into cash at any time and carry minimal risk of change in value.

TOYOTA MOTOR CORPORATION FY2016 Financial Summary

(Consolidated financial information has been prepared in accordance with U.S. generally accepted accounting principles)

(5) Going Concern Assumption

None

(6) Summary of Significant Accounting Policies

“Summary of Significant Accounting Policies” has been omitted, as there were no significant changes from the most recent Securities Report (filed on June 24, 2015). Changes in accounting principles, procedures, and disclosures for consolidated financial statements by newly issued accounting pronouncements are set forth below.

In April 2014, the Financial Accounting Standards Board issued updated guidance on reporting discontinued operations and disclosures of disposals of components of an entity. Under the new guidance, only disposals that represent a strategic shift and that have (or will have) a major effect on an entity’s operations and financial results should be presented as discontinued operations. The parent company and its consolidated subsidiaries (“Toyota”) adopted this guidance on April 1, 2015. The adoption of this guidance did not have a material impact on Toyota’s consolidated financial statements.

TOYOTA MOTOR CORPORATION FY2016 Financial Summary

(Consolidated financial information has been prepared in accordance with U.S. generally accepted accounting principles)

(7) Segment Information

(i) Segment Operating Results and Assets

FY2015 (As of and for the year ended March 31, 2015)


	(Yen in millions)
	Automotive		Financial Services		All Other		Inter-segment Elimination and/or Unallocated Amount			Consolidated
Net revenues:
Sales to external customers		25,006,224		1,621,685		606,612		—			27,234,521
Inter-segment sales and transfers		55,905		39,464		649,179		(744,548	)		—

Total		25,062,129		1,661,149		1,255,791		(744,548	)		27,234,521

Operating expenses		22,736,819		1,299,316		1,190,141		(742,319	)		24,483,957

Operating income		2,325,310		361,833		65,650		(2,229	)		2,750,564

Assets		15,897,022		22,378,941		1,889,433		7,564,434			47,729,830

Investment in equity method investees		2,588,127		8,801		10,000		84,294			2,691,222

Depreciation expenses		819,280		564,619		25,176		—			1,409,075

Capital expenditure		1,262,670		2,086,481		39,503		(31,086	)		3,357,568

FY2016 (As of and for the year ended March 31, 2016)

(Yen in millions)

Automotive

Financial
Services

All Other

Inter-segment
Elimination and/or
Unallocated
Amount

Consolidated

Net revenues:

Sales to external customers

25,923,813

1,854,007

625,298

—

28,403,118

Inter-segment sales and transfers

53,603

42,217

552,089

(647,909

)

—

Total

25,977,416

1,896,224

1,177,387

(647,909

)

28,403,118

Operating expenses

23,528,418

1,556,998

1,110,880

(647,149

)

25,549,147

Operating income

2,448,998

339,226

66,507

(760

)

2,853,971

Assets

15,621,757

21,709,010

1,917,148

8,179,682

47,427,597

Investment in equity method investees

2,532,644

9,168

10,801

78,776

2,631,389

Depreciation expenses

900,434

697,991

27,412

—

1,625,837

Capital expenditure

1,389,289

2,638,111

41,826

(10,010

)

4,059,216


Note:		Unallocated corporate assets included under “Inter-segment Elimination and/or Unallocated Amount” for FY2015 and FY2016 are 8,742,168 million yen and 9,369,868 million yen, respectively, and consist primarily of funds such as cash and cash equivalents, marketable securities and portion of security investments held by TMC.

TOYOTA MOTOR CORPORATION FY2016 Financial Summary

(Consolidated financial information has been prepared in accordance with U.S. generally accepted accounting principles)

(ii) Consolidated Financial Statements as Classified into Non-Financial Services Business and Financial Services Business

Consolidated Balance Sheets as Classified into Non-Financial Services Business and Financial Services Business


	(Yen in millions)
	FY2015 (March 31, 2015)			FY2016 (March 31, 2016)			Increase (Decrease)
Assets
(Non-financial services)
Current assets:
Cash and cash equivalents		1,680,994			2,318,152			637,158
Marketable securities		2,251,581			1,210,427			(1,041,154	)
Trade accounts and notes receivable, less allowance for doubtful accounts		2,178,984			2,089,216			(89,768	)
Inventories		2,137,021			2,061,113			(75,908	)
Prepaid expenses and other current assets		1,898,558			3,341,150			1,442,592

Total current assets		10,147,138			11,020,058			872,920

Investments and other assets		10,765,747			10,204,760			(560,987	)
Property, plant and equipment		5,346,553			5,426,247			79,694

Total assets		26,259,438			26,651,065			391,627

(Financial services)
Current assets:
Cash and cash equivalents		603,563			621,276			17,713
Marketable securities		530,518			300,962			(229,556	)
Finance receivables, net		6,269,862			5,912,684			(357,178	)
Prepaid expenses and other current assets		1,007,249			895,257			(111,992	)

Total current assets		8,411,192			7,730,179			(681,013	)

Noncurrent finance receivables, net		9,202,531			8,642,947			(559,584	)
Investments and other assets		816,052			1,021,714			205,662
Property, plant and equipment		3,949,166			4,314,170			365,004

Total assets		22,378,941			21,709,010			(669,931	)

(Elimination)
Elimination of assets		(908,549	)		(932,478	)		(23,929	)

(Consolidated)
Total assets		47,729,830			47,427,597			(302,233	)

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

TOYOTA MOTOR CORPORATION FY2016 Financial Summary

(Consolidated financial information has been prepared in accordance with U.S. generally accepted accounting principles)


	(Yen in millions)
	FY2015 (March 31, 2015)			FY2016 (March 31, 2016)			Increase (Decrease)
Liabilities
(Non-financial services)
Current liabilities:
Short-term borrowings		567,566			586,685			19,119
Current portion of long-term debt		116,496			117,484			988
Accounts payable		2,372,354			2,356,355			(15,999	)
Accrued expenses		2,567,998			2,640,128			72,130
Income taxes payable		338,680			334,490			(4,190	)
Other current liabilities		1,437,114			1,527,024			89,910

Total current liabilities		7,400,208			7,562,166			161,958

Long-term liabilities:
Long-term debt		564,746			584,793			20,047
Accrued pension and severance costs		866,930			891,405			24,475
Other long-term liabilities		1,872,881			1,690,460			(182,421	)

Total long-term liabilities		3,304,557			3,166,658			(137,899	)

Total liabilities		10,704,765			10,728,824			24,059

(Financial services)
Current liabilities:
Short-term borrowings		4,849,826			4,418,483			(431,343	)
Current portion of long-term debt		3,830,413			3,715,195			(115,218	)
Accounts payable		45,195			40,094			(5,101	)
Accrued expenses		116,868			109,246			(7,622	)
Income taxes payable		10,106			8,835			(1,271	)
Other current liabilities		802,666			814,298			11,632

Total current liabilities		9,655,074			9,106,151			(548,923	)

Long-term liabilities:
Long-term debt		9,526,991			9,343,632			(183,359	)
Accrued pension and severance costs		13,363			13,506			143
Other long-term liabilities		1,091,616			1,081,789			(9,827	)

Total long-term liabilities		10,631,970			10,438,927			(193,043	)

Total liabilities		20,287,044			19,545,078			(741,966	)

(Elimination) Elimination of liabilities		(909,308	)		(934,491	)		(25,183	)

(Consolidated) Total liabilities		30,082,501			29,339,411			(743,090	)

(Consolidated) Mezzanine equity		—			479,779			479,779

Shareholders’ equity
(Consolidated) Total Toyota Motor Corporation shareholders’ equity		16,788,131			16,746,935			(41,196	)

(Consolidated) Noncontrolling interests		859,198			861,472			2,274

(Consolidated) Total shareholders’ equity		17,647,329			17,608,407			(38,922	)

(Consolidated) Total liabilities, mezzanine equity and shareholders’ equity		47,729,830			47,427,597			(302,233	)

TOYOTA MOTOR CORPORATION FY2016 Financial Summary

(Consolidated financial information has been prepared in accordance with U.S. generally accepted accounting principles)

Consolidated Statements of Income as Classified into Non-Financial Services Business and Financial Services Business


	(Yen in millions)
	FY2015 (For the year ended March 31, 2015)			FY2016 (For the year ended March 31, 2016)			Increase (Decrease)
(Non-financial services)
Net revenues		25,643,508			26,581,102			937,594
Costs and expenses:		23,252,430			24,063,468			811,038
Cost of revenues		20,933,168			21,474,386			541,218
Selling, general and administrative		2,319,262			2,589,082			269,820

Operating income		2,391,078			2,517,634			126,556

Other income (expense), net		136,797			117,930			(18,867	)

Income before income taxes and equity in earnings of affiliated companies		2,527,875			2,635,564			107,689

Provision for income taxes		763,445			752,248			(11,197	)
Equity in earnings of affiliated companies		306,749			327,167			20,418

Net income		2,071,179			2,210,483			139,304

Less – Net income attributable to noncontrolling interests		(130,172	)		(117,544	)		12,628

Net income attributable to Toyota Motor Corporation		1,941,007			2,092,939			151,932

(Financial services)
Net revenues		1,661,149			1,896,224			235,075
Costs and expenses:		1,299,316			1,556,998			257,682
Cost of revenues		955,380			1,181,437			226,057
Selling, general and administrative		343,936			375,561			31,625

Operating income		361,833			339,226			(22,607	)

Other income (expense), net		3,190			8,579			5,389

Income before income taxes and equity in earnings of affiliated companies		365,023			347,805			(17,218	)

Provision for income taxes		130,049			126,319			(3,730	)
Equity in earnings of affiliated companies		1,796			1,932			136

Net income		236,770			223,418			(13,352	)

Less – Net income attributable to noncontrolling interests		(4,417	)		(3,963	)		454

Net income attributable to Toyota Motor Corporation		232,353			219,455			(12,898	)

(Elimination)
Elimination of net income attributable to Toyota Motor Corporation		(22	)		300			322

(Consolidated)
Net income attributable to Toyota Motor Corporation		2,173,338			2,312,694			139,356

TOYOTA MOTOR CORPORATION FY2016 Financial Summary

(Consolidated financial information has been prepared in accordance with U.S. generally accepted accounting principles)

Consolidated Statements of Cash Flows as Classified into Non-Financial Services Business and Financial Services Business


	(Yen in millions)
	FY2015 (For the year ended March 31, 2015)			FY2016 (For the year ended March 31, 2016)
(Non-financial services)
Cash flows from operating activities:
Net income		2,071,179			2,210,483
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation		844,456			927,846
Provision for doubtful accounts		(1,598	)		69,029
Pension and severance costs, less payments		(5,263	)		8,300
Losses on disposal of fixed assets		31,601			33,293
Unrealized losses on available-for-sale securities, net		2,565			3,217
Deferred income taxes		(114,122	)		(43,237	)
Equity in earnings of affiliated companies		(306,749	)		(327,167	)
Changes in operating assets and liabilities, and other		356,269			386,529

Net cash provided by operating activities		2,878,338			3,268,293

Cash flows from investing activities:
Additions to fixed assets excluding equipment leased to others		(1,133,102	)		(1,265,174	)
Additions to equipment leased to others		(137,985	)		(155,931	)
Proceeds from sales of fixed assets excluding equipment leased to others		40,032			41,154
Proceeds from sales of equipment leased to others		40,878			60,989
Purchases of marketable securities and security investments		(2,530,591	)		(1,302,965	)
Proceeds from sales of and maturity of marketable securities and security investments		2,198,799			2,471,876
Changes in investments and other assets, and other		(114,094	)		(1,371,368	)

Net cash used in investing activities		(1,636,063	)		(1,521,419	)

Cash flows from financing activities:
Proceeds from issuance of long-term debt		119,449			110,691
Payments of long-term debt		(100,627	)		(71,758	)
Increase (decrease) in short-term borrowings		(47,026	)		75,990
Proceeds from issuance of class shares		—			474,917
Dividends paid to Toyota Motor Corporation class shareholders		—			(1,225	)
Dividends paid to Toyota Motor Corporation common shareholders		(554,933	)		(704,728	)
Dividends paid to noncontrolling interests		(69,295	)		(73,129	)
Reissuance (repurchase) of treasury stock		(347,784	)		(778,173	)

Net cash used in financing activities		(1,000,216	)		(967,415	)

Effect of exchange rate changes on cash and cash equivalents		27,075			(142,301	)

Net increase in cash and cash equivalents		269,134			637,158

Cash and cash equivalents at beginning of year		1,411,860			1,680,994

Cash and cash equivalents at end of year		1,680,994			2,318,152

TOYOTA MOTOR CORPORATION FY2016 Financial Summary

(Consolidated financial information has been prepared in accordance with U.S. generally accepted accounting principles)


	(Yen in millions)
	FY2015 (For the year ended March 31, 2015)			FY2016 (For the year ended March 31, 2016)
(Financial services)
Cash flows from operating activities:
Net income		236,770			223,418
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation		564,619			697,991
Provision for doubtful accounts and credit losses		80,567			90,236
Pension and severance costs, less payments		2,102			533
Losses on disposal of fixed assets		24			36
Unrealized losses on available-for-sale securities, net		13			6,055
Deferred income taxes		87,260			76,423
Equity in earnings of affiliated companies		(1,796	)		(1,932	)
Changes in operating assets and liabilities, and other		(191,791	)		148,376

Net cash provided by operating activities		777,768			1,241,136

Cash flows from investing activities:
Additions to finance receivables		(22,325,159	)		(23,399,113	)
Collection of and proceeds from sales of finance receivables		21,668,847			22,918,132
Additions to fixed assets excluding equipment leased to others		(13,216	)		(17,371	)
Additions to equipment leased to others		(2,073,265	)		(2,620,740	)
Proceeds from sales of fixed assets excluding equipment leased to others		1,515			993
Proceeds from sales of equipment leased to others		762,545			1,050,738
Purchases of marketable securities and security investments		(663,703	)		(894,512	)
Proceeds from sales of and maturity of marketable securities and security investments		484,202			943,939
Changes in investments and other assets, and other		(9,669	)		296,788

Net cash used in investing activities		(2,167,903	)		(1,721,146	)

Cash flows from financing activities:
Proceeds from issuance of long-term debt		4,960,157			4,815,323
Payments of long-term debt		(3,373,842	)		(4,127,178	)
Decrease in short-term borrowings		(259,931	)		(132,852	)

Net cash provided by financing activities		1,326,384			555,293

Effect of exchange rate changes on cash and cash equivalents		38,004			(57,570	)

Net increase (decrease) in cash and cash equivalents		(25,747	)		17,713

Cash and cash equivalents at beginning of year		629,310			603,563

Cash and cash equivalents at end of year		603,563			621,276


(Consolidated)
Effect of exchange rate changes on cash and cash equivalents		65,079			(199,871	)

Net increase in cash and cash equivalents		243,387			654,871

Cash and cash equivalents at beginning of year		2,041,170			2,284,557

Cash and cash equivalents at end of year		2,284,557			2,939,428

Note:

TOYOTA MOTOR CORPORATION FY2016 Financial Summary

(Consolidated financial information has been prepared in accordance with U.S. generally accepted accounting principles)

(iii) Geographic Information

FY2015 (As of and for the year ended March 31, 2015)


	(Yen in millions)
	Japan		North America		Europe		Asia		Other		Inter-segment Elimination and/or Unallocated Amount			Consolidated
Net revenues:
Sales to external customers		8,338,881		9,430,450		2,690,803		4,531,178		2,243,209		—			27,234,521
Inter-segment sales and transfers		6,064,986		247,146		157,491		450,062		206,029		(7,125,714	)		—

Total		14,403,867		9,677,596		2,848,294		4,981,240		2,449,238		(7,125,714	)		27,234,521
Operating expenses		12,832,391		9,093,077		2,767,176		4,559,458		2,337,729		(7,105,874	)		24,483,957

Operating income		1,571,476		584,519		81,118		421,782		111,509		(19,840	)		2,750,564

Assets		14,466,432		16,961,700		2,640,054		4,753,850		2,903,474		6,004,320			47,729,830

FY2016 (As of and for the year ended March 31, 2016)

(Yen in millions)

Japan

North
America

Europe

Asia

Other

Inter-segment
Elimination
and/or
Unallocated
Amount

Consolidated

Net revenues:

Sales to external customers

8,588,437

10,822,772

2,507,292

4,475,623

2,008,994

—

28,403,118

Inter-segment sales and transfers

6,171,051

229,198

154,039

528,236

201,220

(7,283,744

)

—

Total

14,759,488

11,051,970

2,661,331

5,003,859

2,210,214

(7,283,744

)

28,403,118

Operating expenses

13,081,966

10,523,151

2,588,915

4,554,670

2,101,305

(7,300,860

)

25,549,147

Operating income

1,677,522

528,819

72,416

449,189

108,909

17,116

2,853,971

Assets

14,291,434

16,622,979

2,612,210

4,415,700

2,579,113

6,906,161

47,427,597


Note:	1.	Unallocated corporate assets included under “Inter-segment Elimination and/or Unallocated Amount” for FY2015 and FY2016 are 8,742,168 million yen and 9,369,868 million yen, respectively, and consist primarily of funds such as cash and cash equivalents, marketable securities and portion of security investments held by TMC.
	2.	“Other” consists of Central and South America, Oceania, Africa and the Middle East.

(iv) Overseas Revenues by Destination

FY2015 (For the year ended March 31, 2015)

(Yen in millions)

North America

Europe

Asia

Other

Total

Overseas revenues

9,405,305

2,555,368

4,231,077

4,947,169

21,138,919

Consolidated revenues

—

27,234,521

Ratio of overseas revenues to consolidated revenues

34.5%

9.4%

15.5%

18.2%

77.6%

FY2016 (For the year ended March 31, 2016)

(Yen in millions)

North America

Europe

Asia

Other

Total

Overseas revenues

10,797,304

2,323,399

4,292,800

4,724,784

22,138,287

Consolidated revenues

—

28,403,118

Ratio of overseas revenues to consolidated revenues

38.0%

8.2%

15.1%

16.6%

77.9%

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

TOYOTA MOTOR CORPORATION FY2016 Financial Summary

(Consolidated financial information has been prepared in accordance with U.S. generally accepted accounting principles)

(8) Per Share Amounts

Basic and diluted net income attributable to Toyota Motor Corporation per common share for the years ended March 31, 2015 and 2016 are as follows:


	Yen in millions			Thousands of shares		Yen
	Net income attributable to Toyota Motor Corporation			Weighted-average common shares		Net income attributable to Toyota Motor Corporation per common share
For the year ended March 31, 2015
Basic net income attributable to Toyota Motor Corporation per common share		2,173,338			3,158,851		688.02
Effect of dilutive securities
Assumed exercise of dilutive stock options		(42	)		1,578

Diluted net income attributable to Toyota Motor Corporation per common share		2,173,296			3,160,429		687.66

For the year ended March 31, 2016
Net income attributable to Toyota Motor Corporation		2,312,694
Accretion to Mezzanine equity		(3,638	)
Dividends to Toyota Motor Corporation Model AA Class Shareholders		(2,449	)

Basic net income attributable to Toyota Motor Corporation per common share		2,306,607			3,111,306		741.36
Effect of dilutive securities
Model AA Class Shares		6,087			32,429
Assumed exercise of dilutive stock options		(21	)		1,212

Diluted net income attributable to Toyota Motor Corporation per common share		2,312,673			3,144,947		735.36

The following table shows Toyota Motor Corporation shareholders’ equity per share as of March 31, 2015 and 2016.


	Yen in millions		Thousands of shares		Yen
	Toyota Motor Corporation shareholders’ equity		Common shares issued and outstanding at the end of the year (excluding treasury stock)		Toyota Motor Corporation shareholders’ equity per share
As of March 31, 2015		16,788,131		3,146,814		5,334.96
As of March 31, 2016		16,746,935		3,037,676		5,513.08

TOYOTA MOTOR CORPORATION FY2016 Financial Summary

(Consolidated financial information has been prepared in accordance with U.S. generally accepted accounting principles)

(9) Significant Subsequent Events

Suspension of operations on vehicle assembly lines in Japan

Due to parts shortages resulting from the Kumamoto Earthquake that struck Japan’s island of Kyushu in April 2016, production on vehicle assembly lines in Japan was suspended in stages starting on April 18, 2016 and production has been restarted in stages starting on April 25. It is uncertain how this suspension will affect Toyota’s financial results.

Repurchase of share

At the Meeting of the Board of Directors held on May 11, 2016, TMC resolved to repurchase the Common Shares pursuant to Article 156 of the Companies Act as applied to Article 165, Paragraph 3 of the Companies Act, as set forth below.

Reason for repurchasing shares -

To return capital to shareholders in addition to promoting capital efficiency and agile capital policy in view of the business environment.

Details of matters relating to repurchase -


Kind of stock to be repurchased		Common stock of TMC
Number of shares to be repurchased		100,000,000 shares (maximum)
Total purchase price for repurchase of shares		¥500,000 million (maximum)
Method of acquisition		Market purchase through a trust bank
Period of repurchase		From May 18, 2016 to November 17, 2016

TOYOTA MOTOR CORPORATION FY2016 Financial Summary

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

7.	Unconsolidated Financial Statements

(1) Balance Sheets


	(Yen in millions)
	FY2015 (March 31, 2015)			FY2016 (March 31, 2016)
Assets
Current assets
Cash and deposits		690,010			1,131,981
Trade accounts receivable		1,032,096			1,017,196
Marketable securities		2,255,294			2,333,446
Finished goods		163,971			176,510
Work in process		88,850			85,087
Raw materials and supplies		99,456			107,402
Short-term loans		634,476			940,579
Deferred tax assets		482,795			498,260
Others		578,071			672,355
Less – allowance for doubtful accounts		(24,500	)		(49,300	)

Total current assets		6,000,524			6,913,520

Fixed assets
Property, plant and equipment
Buildings, net		339,198			346,815
Structures, net		39,436			39,905
Machinery and equipment, net		184,320			236,103
Vehicle and delivery equipment, net		19,634			20,572
Tools, furniture and fixtures, net		78,409			86,049
Land		408,899			404,344
Construction in progress		102,666			129,314

Total property, plant and equipment		1,172,565			1,263,106

Investments and other assets
Investments in securities		5,713,142			5,689,154
Investments in subsidiaries and affiliates		2,004,286			1,992,030
Long-term loans		139,966			136,675
Others		98,737			110,223
Less – allowance for doubtful accounts		(600	)		(4,500	)

Total investments and other assets		7,955,533			7,923,583

Total fixed assets		9,128,099			9,186,689

Total assets		15,128,623			16,100,209

TOYOTA MOTOR CORPORATION FY2016 Financial Summary

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


	(Yen in millions)
	FY2015 (March 31, 2015)			FY2016 (March 31, 2016)
Liabilities
Current liabilities
Trade notes payable		96			47
Electronically recorded obligations-operating		254,586			220,156
Trade accounts payable		733,825			887,371
Short-term borrowings		20,000			20,000
Current portion of bonds		30,000			40,000
Other payables		410,186			563,286
Income taxes payable		196,284			213,746
Accrued expenses		1,251,677			1,359,286
Deposits received		639,278			629,348
Others		35,980			40,984

Total current liabilities		3,571,917			3,974,228

Long-term liabilities
Bonds		350,000			310,000
Allowance for retirement benefits		308,064			318,369
Deferred tax liabilities		494,305			390,298
Others		220,064			247,869

Total long-term liabilities		1,372,433			1,266,537

Total liabilities		4,944,351			5,240,766

Net assets
Shareholders’ equity
Common stock		397,049			635,401
Capital surplus
Capital reserve		416,970			655,322
Other capital surplus		—			—

Total capital surplus		416,970			655,322

Retained earnings
Legal reserve		99,454			99,454
Other retained earnings
Reserve for special depreciation		1,037			913
Reserve for reduction of acquisition cost of fixed assets		11,138			11,293
General reserve		6,340,926			6,340,926
Retained earnings carried forward		2,520,332			3,222,521

Total retained earnings		8,972,889			9,675,108

Less – treasury stock		(1,238,184	)		(1,611,555	)

Total shareholders’ equity		8,548,725			9,354,277

Valuation and translation adjustments
Net unrealized gains on other securities		1,632,613			1,503,605

Total valuation and translation adjustments		1,632,613			1,503,605

Stock acquisition rights		2,932			1,560

Total net assets		10,184,271			10,859,443

Total liabilities and net assets		15,128,623			16,100,209

TOYOTA MOTOR CORPORATION FY2016 Financial Summary

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

(2) Statements of Income


	(Yen in millions)
	FY2015 (April 1, 2014 through March 31, 2015)			FY2016 (April 1, 2015 through March 31, 2016)
Net revenues		11,209,414			11,585,822
Cost of sales		8,599,232			8,841,184

Gross profit		2,610,182			2,744,637

Selling, general and administrative expenses		1,339,518			1,342,511

Operating income		1,270,664			1,402,126

Non-operating income
Interest income		32,963			40,212
Dividend income		680,419			799,439
Others		203,313			127,006

Total non-operating income		916,696			966,658

Non-operating expenses
Interest expenses		6,744			6,531
Others		55,510			78,162

Total non-operating expenses		62,255			84,693

Ordinary income		2,125,104			2,284,091

Income before income taxes		2,125,104			2,284,091

Income taxes – current		436,700			486,500
Income taxes – deferred		(2,274	)		(12,779	)

Total income taxes		434,425			473,720

Net income		1,690,679			1,810,370

TOYOTA MOTOR CORPORATION FY2016 Financial Summary

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

(3) Changes in Net Assets

FY2015 (April 1, 2014 through March 31, 2015)


	(Yen in millions)
	Shareholders’ equity
	Common stock		Capital surplus								Retained earnings
			Capital reserve		Other capital surplus			Total capital surplus					Other retained earnings
			Capital reserve		Other capital surplus			Total capital surplus			Legal reserve		Reserve for special depreciation			Reserve for reduction of acquisition cost of fixed assets			General reserve
Balance at the beginning of current period		397,049		416,970		1,622			418,592			99,454		1,240			10,714			6,340,926

Cumulative effects of changes in accounting policies
Restated balance		397,049		416,970		1,622			418,592			99,454		1,240			10,714			6,340,926
Changes of items during the period
Appropriation to reserve for special depreciation														173
Reversal of reserve for special depreciation														(377	)
Appropriation to reserve for reduction of acquisition cost of fixed assets																	537
Reversal of reserve for reduction of acquisition cost of fixed assets																	(112	)
Dividends paid
Net income
Repurchase of treasury stock
Reissuance of treasury stock						(124,224	)		(124,224	)
Retirement of treasury stock						(122,933	)		(122,933	)
Transfer to capital surplus from retained earnings						245,535			245,535
Net changes of items other than shareholders’ equity

Total changes of items during the period		—		—		(1,622	)		(1,622	)		—		(203	)		424			—

Balance at the end of current period		397,049		416,970		—			416,970			99,454		1,037			11,138			6,340,926

TOYOTA MOTOR CORPORATION FY2016 Financial Summary

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


	(Yen in millions)
	Shareholders’ equity												Valuation and translation adjustments				Stock acquisition rights			Total net assets
	Retained earnings						Treasury stock			Total shareholders’ equity			Net unrealized gains on other securities		Total valuation and translation adjustments
	Other retained earnings			Total retained earnings
	Retained earnings carried forward			Total retained earnings
Balance at the beginning of current period		1,676,049			8,128,385			(1,140,127	)		7,803,900			1,110,016		1,110,016		6,522			8,920,439

Cumulative effects of changes in accounting policies		(45,706	)		(45,706	)					(45,706	)									(45,706	)
Restated balance		1,630,343			8,082,678			(1,140,127	)		7,758,194			1,110,016		1,110,016		6,522			8,874,733
Changes of items during the period
Appropriation to reserve for special depreciation		(173	)		—						—										—
Reversal of reserve for special depreciation		377			—						—										—
Appropriation to reserve for reduction of acquisition cost of fixed assets		(537	)		—						—										—
Reversal of reserve for reduction of acquisition cost of fixed assets		112			—						—										—
Dividends paid		(554,932	)		(554,932	)					(554,932	)									(554,932	)
Net income		1,690,679			1,690,679						1,690,679										1,690,679
Repurchase of treasury stock								(359,872	)		(359,872	)									(359,872	)
Reissuance of treasury stock								138,882			14,658										14,658
Retirement of treasury stock								122,933			—										—
Transfer to capital surplus from retained earnings		(245,535	)		(245,535	)					—										—
Net changes of items other than shareholders’ equity														522,597		522,597		(3,590	)		519,007

Total changes of items during the period		889,989			890,210			(98,056	)		790,531			522,597		522,597		(3,590	)		1,309,538

Balance at the end of current period		2,520,332			8,972,889			(1,238,184	)		8,548,725			1,632,613		1,632,613		2,932			10,184,271

TOYOTA MOTOR CORPORATION FY2016 Financial Summary

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

FY2016 (April 1, 2015 through March 31, 2016)

(Yen in millions)

Shareholders’ equity

Common
stock

Capital surplus

Retained earnings

Capital
reserve

Other capital
surplus

Total capital
surplus

Other retained earnings

Legal
reserve

Reserve for
special
depreciation

Reserve for
reduction of
acquisition
cost of fixed
assets

General
reserve

Balance at the beginning of current period

397,049

416,970

—

416,970

99,454

1,037

11,138

6,340,926

Changes of items during the period

Appropriation to reserve for special depreciation

156

Reversal of reserve for special depreciation

(279

)

Appropriation to reserve for reduction of acquisition cost of fixed assets

260

Reversal of reserve for reduction of acquisition cost of fixed assets

(106

)

Issuance of new shares

238,351

Dividends paid

Net income

Repurchase of treasury stock

Reissuance of treasury stock

1,048

Retirement of treasury stock

(403,247

)

(403,247

)

Transfer to capital surplus from retained earnings

402,199

Net changes of items other than shareholders’ equity

Total changes of items during the period

238,351

—

238,351

—

(123

)

154

—

Balance at the end of current period

635,401

655,322

—

655,322

99,454

913

11,293

6,340,926

TOYOTA MOTOR CORPORATION FY2016 Financial Summary

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

(Yen in millions)

Shareholders’ equity

Valuation and translation
adjustments

Stock
acquisition
rights

Total net
assets

Retained earnings

Treasury stock

Total
shareholders’
equity

Net
unrealized
gains on
other
securities

Total
valuation and
translation
adjustments

Other
retained
earnings

Total
retained
earnings

Retained
earnings
carried
forward

Balance at the beginning of current period

2,520,332

8,972,889

(1,238,184

)

8,548,725

1,632,613

2,932

10,184,271

Changes of items during the period

Appropriation to reserve for special depreciation

(156

)

—

Reversal of reserve for special depreciation

279

—

Appropriation to reserve for reduction of acquisition cost of fixed assets

(260

)

—

Reversal of reserve for reduction of acquisition cost of fixed assets

106

—

Issuance of new shares

476,703

Dividends paid

(705,952

)

(705,952

)

(705,952

)

(705,952

)

Net income

1,810,370

Repurchase of treasury stock

(781,133

)

(781,133

)

(781,133

)

Reissuance of treasury stock

4,515

5,563

Retirement of treasury stock

403,247

—

Transfer to capital surplus from retained earnings

(402,199

)

(402,199

)

—

Net changes of items other than shareholders’ equity

(129,007

)

(129,007

)

(1,371

)

(130,379

)

Total changes of items during the period

702,188

702,219

(373,370

)

805,551

(129,007

)

(129,007

)

(1,371

)

675,171

Balance at the end of current period

3,222,521

9,675,108

(1,611,555

)

9,354,277

1,503,605

1,560

10,859,443

(4) Going Concern Assumption

None

Supplemental Material for Financial Results for FY2016 (Consolidated)

< U.S. GAAP >


	FY2015															FY2016															FY2017
	1Q (2014/4-6)			2Q (2014/7-9)			3Q (2014/10-12)			4Q (2015/1-3)			12 months (’14/4-’15/3)			1Q (2015/4-6)			2Q (2015/7-9)			3Q (2015/10-12)			4Q (2016/1-3)			12 months (’15/4-’16/3)			Forecast 12 months (’16/4-’17/3)*
Vehicle Production (thousands of units)		2,239			2,209			2,196			2,286			8,930			2,093			2,166			2,146			2,171			8,576
(Japan) – including Daihatsu & Hino		1,016			1,031			994			1,084			4,125			941			1,000			1,010			1,030			3,981
[Daihatsu & Hino]		[232	]		[216	]		[230	]		[261	]		[939	]		[193	]		[187	]		[205	]		[224	]		[809	]
(Overseas) – including Daihatsu & Hino		1,223			1,178			1,202			1,202			4,805			1,152			1,166			1,136			1,141			4,595
[Daihatsu & Hino]		[81	]		[83	]		[77	]		[79	]		[320	]		[80	]		[68	]		[80	]		[74	]		[302	]
North America		504			467			486			476			1,933			527			462			464			516			1,970
Europe		127			125			150			154			556			135			132			152			145			565
Asia		474			454			439			462			1,829			372			438			414			382			1,605
Central and South America		67			71			69			59			267			65			75			55			60			255
Oceania		20			27			25			17			88			24			28			23			21			95
Africa		31			34			33			34			132			29			31			28			17			105
Vehicle Sales (thousands of units)		2,241			2,235			2,263			2,233			8,972			2,114			2,164			2,215			2,189			8,681			8,900
[First Half 6 months]														[4,477	]														[4,278	]		[4,300	]
(Japan) – including Daihatsu & Hino		506			524			498			626			2,154			470			514			493			583			2,059			2,240
[Daihatsu & Hino]		[155	]		[150	]		[165	]		[220	]		[690	]		[129	]		[137	]		[141	]		[186	]		[592	]		[640	]
(Overseas) – including Daihatsu & Hino		1,735			1,711			1,765			1,607			6,818			1,644			1,650			1,722			1,606			6,622			6,660
[Daihatsu & Hino]		[72	]		[82	]		[75	]		[76	]		[304	]		[76	]		[66	]		[70	]		[70	]		[282	]		[290	]
North America		710			685			712			607			2,715			729			684			728			698			2,839			2,850
Europe		207			207			220			225			859			206			201			210			226			844			920
Asia		385			369			374			361			1,489			328			325			362			329			1,345			1,410
Central and South America		106			110			106			101			422			98			112			90			93			392			390
Oceania		58			63			67			61			250			62			61			75			61			260			260
Africa		61			63			62			60			245			52			55			44			40			191			200
Middle East		206			213			222			190			830			167			210			211			158			744			630
Other		2			1			2			2			8			2			2			2			1			7
Total Retail Unit Sales (thousands of units) [Toyota, Daihatsu and Hino]		2,513			2,519			2,615			2,520			10,168			2,502			2,477			2,652			2,463			10,094			10,150
Housing Sales (units)		898			1,285			1,210			2,542			5,935			891			1,533			1,335			1,992			5,751			6,100

*	This forecast does not include the effects of suspension of operations on vehicle assembly lines in Japan, resulting from the Kumamoto Earthquake that struck Japan’s island of Kyushu in April 2016.

Supplemental 1

Supplemental Material for Financial Results for FY2016 (Consolidated)

< U.S. GAAP >


	FY2015															FY2016															FY2017
	1Q (2014/4-6)			2Q (2014/7-9)			3Q (2014/10-12)			4Q (2015/1-3)			12 months (’14/4-’15/3)			1Q (2015/4-6)			2Q (2015/7-9)			3Q (2015/10-12)			4Q (2016/1-3)			12 months (’15/4-’16/3)			Forecast 12 months (’16/4-’17/3)*
Foreign Exchange Rates
Yen to US Dollar Rate		102			104			114			119			110			121			122			121			115			120			as premise: 105
Yen to Euro Rate		140			138			143			134			139			134			136			133			127			133			as premise: 120
Market Share (Japan)
Toyota (excluding Mini-Vehicles) (%)		47.5			45.9			46.7			44.6			46.0			47.9			45.4			49.5			44.9			46.8			approximately: 48.0
Toyota, Daihatsu and Hino (including Mini-Vehicles) (%)		42.2			41.1			42.9			41.2			41.8			43.3			42.3			45.9			42.0			43.2
Number of Employees		342,872			343,511			343,716			344,109			344,109			349,131			349,508			349,766			348,877			348,877	^(Note 1)
Net Revenues (billions of yen)		6,390.6			6,554.9			7,170.0			7,118.9			27,234.5			6,987.6			7,103.8			7,339.8			6,971.7			28,403.1			26,500.0
Geographic Information
Japan		3,296.5			3,554.2			3,655.8			3,897.1			14,403.8			3,501.9			3,720.2			3,851.6			3,685.6			14,759.4
North America		2,259.1			2,240.6			2,655.0			2,522.8			9,677.5			2,840.4			2,690.3			2,856.9			2,664.1			11,051.9
Europe		650.6			715.2			771.3			711.0			2,848.2			644.0			665.2			656.9			695.0			2,661.3
Asia		1,197.4			1,185.1			1,318.3			1,280.2			4,981.2			1,142.9			1,298.1			1,361.1			1,201.5			5,003.8
Other		591.9			614.0			684.2			558.9			2,449.2			596.2			588.5			558.8			466.5			2,210.2
Elimination		-1,605.0			-1,754.4			-1,914.8			-1,851.4			-7,125.7			-1,738.0			-1,858.6			-1,945.6			-1,741.3			-7,283.7
Business Segment
Automotive		5,914.6			6,032.5			6,609.6			6,505.1			25,062.1			6,411.3			6,471.5			6,715.0			6,379.4			25,977.4
Financial Services		377.4			399.9			437.7			446.0			1,661.1			470.3			479.6			483.9			462.2			1,896.2
All Other		258.3			296.9			301.0			399.4			1,255.7			256.9			294.5			283.0			342.7			1,177.3
Elimination		-159.7			-174.5			-178.4			-231.7			-744.5			-150.9			-141.9			-142.1			-212.7			-647.9
Operating Income (billions of yen)		692.7			659.2			762.8			635.7			2,750.5			756.0			827.4			722.2			548.3			2,853.9			1,700.0
(Operating Income Ratio) (%)		(10.8	)		(10.1	)		(10.6	)		(8.9	)		(10.1	)		(10.8	)		(11.6	)		(9.8	)		(7.9	)		(10.0	)		(6.4	)
Geographic Information
Japan		365.9			352.8			424.8			427.8			1,571.4			475.8			482.3			392.7			326.5			1,677.5
North America		165.5			147.1			183.7			88.0			584.5			126.8			148.5			150.7			102.6			528.8
Europe		10.8			22.3			33.2			14.6			81.1			7.8			22.3			20.5			21.6			72.4
Asia		110.3			102.5			107.6			101.1			421.7			100.0			144.0			134.8			70.2			449.1
Other		34.0			43.9			29.3			4.2			111.5			38.0			28.8			25.0			16.9			108.9
Elimination		5.9			-9.4			-15.9			-0.2			-19.8			7.3			1.2			-1.6			10.2			17.1
Business Segment
Automotive		586.7			553.5			651.3			533.7			2,325.3			677.5			713.7			607.6			449.9			2,448.9
Financial Services		98.2			86.3			100.5			76.7			361.8			70.1			95.6			99.2			74.1			339.2
All Other		10.7			17.6			14.8			22.4			65.6			12.2			14.9			17.8			21.3			66.5
Elimination		-3.0			1.7			-3.7			2.8			-2.2			-4.0			2.9			-2.5			2.7			-0.7
Income before Income Taxes (billions of yen)		771.8			737.3			846.4			537.1			2,892.8			845.2			829.8			777.7			530.4			2,983.3			1,900.0
(Income before Income Taxes Ratio) (%)		(12.1	)		(11.2	)		(11.8	)		(7.5	)		(10.6	)		(12.1	)		(11.7	)		(10.6	)		(7.6	)		(10.5	)		(7.2	)
Equity in Earnings of Affiliated Companies (billions of yen)		105.3			60.5			85.1			57.5			308.5			100.9			60.7			106.0			61.3			329.0			290.0
Net Income (billions of yen)		587.7			539.0			600.0			446.4			2,173.3			646.3			611.7			627.9			426.6			2,312.6			1,500.0	^(Note 2)
(Net Income Ratio) (%)		(9.2	)		(8.2	)		(8.4	)		(6.3	)		(8.0	)		(9.3	)		(8.6	)		(8.6	)		(6.1	)		(8.1	)		(5.7	)
Dividends
Common Shares
Cash Dividends (billions of yen)		—			237.9			—			393.3			631.3			—			311.3			—			334.1			645.5	^(Note 3)
Cash Dividends per Share (yen)		—			75			—			125			200			—			100			—			110			210
Payout Ratio (%)		—			21.1			—			37.6			29.0			—			25.0			—			32.2			28.3
Model AA Class Shares
Cash Dividends (billions of yen)		—			—			—			—			—			—			1.2			—			1.2			2.4	^(Note 3)
Cash Dividends per Share (yen)		—			—			—			—			—			—			26			—			26			52
Value of Shares Repurchased (billions of yen) [actual purchase]		—			169.6			190.3			—			359.9			—			249.1			300.8			232.6			782.6	^(Note 4)
Value of Shares Repurchased (billions of yen) [shareholder return]		—			—			—			293.3			293.3			—			139.3			—			500.0 (maximum	)		639.3 (maximum	^(Note 4) )^(Note 5)
Number of Shares Canceled (thousands)		30,000			—			—			—			30,000			—			—			80,000			—			80,000	^(Note 6)
Number of Outstanding Common Shares (thousands)		3,417,997			3,417,997			3,417,997			3,417,997			3,417,997			3,417,997			3,417,997			3,337,997			3,337,997			3,337,997
Number of Outstanding Model AA Class Shares (thousands)		—			—			—			—			—			—			47,100			47,100			47,100			47,100

*	This forecast does not include the effects of suspension of operations on vehicle assembly lines in Japan, resulting from the Kumamoto Earthquake that struck Japan’s island of Kyushu in April 2016.

Supplemental 2

Supplemental Material for Financial Results for FY2016 (Consolidated)

< U.S. GAAP >


	FY2015										FY2016											FY2017
	1Q (2014/4-6)		2Q (2014/7-9)		3Q (2014/10-12)		4Q (2015/1-3)		12 months (’14/4-’15/3)		1Q (2015/4-6)		2Q (2015/7-9)		3Q (2015/10-12)		4Q (2016/1-3)		12 months (’15/4-’16/3)			Forecast 12 months (’16/4-’17/3)*
R&D Expenses (billions of yen)		245.1		244.3		253.0		262.0		1,004.5		265.7		264.1		270.3		255.4		1,055.6			1,080.0
Depreciation Expenses (billions of yen)		183.2		193.0		209.1		220.8		806.2		200.3		216.7		226.8		241.2		885.1			930.0	^(Note 7⁾
Geographic Information
Japan		92.8		101.7		112.3		127.3		434.2		99.5		115.7		121.3		129.4		466.2			530.0
North America		41.1		39.4		42.1		44.5		167.3		49.2		49.5		48.9		46.3		194.0			170.0
Europe		15.2		15.4		14.0		10.2		54.9		12.5		12.2		14.2		18.7		57.7			60.0
Asia		26.7		27.3		31.9		30.5		116.6		30.1		32.7		34.3		36.7		133.9			130.0
Other		7.2		9.0		8.5		8.2		33.0		8.9		6.4		7.9		9.8		33.1			40.0
Capital Expenditures (billions of yen)		208.2		231.9		265.8		471.3		1,177.4		300.1		260.4		303.5		428.3		1,292.5			1,350.0	^(Note 7⁾
Geographic Information
Japan		97.8		119.3		119.8		238.9		575.9		109.1		141.6		145.2		250.8		646.8			755.0
North America		43.6		41.4		48.7		96.0		229.8		57.4		48.6		57.6		70.4		234.2			320.0
Europe		11.5		11.2		23.9		20.8		67.6		10.5		16.4		14.6		36.1		77.7			80.0
Asia		40.5		42.6		41.7		67.8		192.8		90.6		29.2		66.7		53.1		239.7			140.0
Other		14.6		17.1		31.5		47.7		111.1		32.4		24.4		19.2		17.7		93.9			55.0
Total Liquid Assets (billions of yen)		7,571.1		7,865.9		8,154.9		8,508.2		8,508.2		8,794.4		9,160.1		9,001.3		9,229.9		9,229.9	^(Note 8)
Total Assets (billions of yen)		41,455.7		43,784.0		46,722.2		47,729.8		47,729.8		48,821.4		48,574.5		48,922.9		47,427.5		47,427.5
Toyota Motor Corporation Shareholders’ Equity (billions of yen)		14,714.0		15,469.5		16,316.0		16,788.1		16,788.1		17,205.0		17,039.6		17,287.4		16,746.9		16,746.9
Return on Equity (%)		16.1		14.3		15.1		10.8		13.9		15.2		14.2		14.6		10.0		13.8	^(Note 2)
Return on Asset (%)		5.7		5.1		5.3		3.8		4.9		5.4		5.0		5.2		3.5		4.9	^(Note 2)
Number of Consolidated Subsidiaries (including Variable Interest Entities)										541										548
No. of Affil. Accounted for Under the Equity Method										54										54


Analysis of Consolidated Net Income for FY2016^(Note 2) (billions of yen, approximately)	4Q (2016/1-3)		12 months (’15/4-’16/3)
Effects of Marketing Activities		-25.0		-120.0
Effects of Changes in Exchange Rates		-150.0		160.0
Cost Reduction Efforts		155.0		390.0
From Engineering		130.0		340.0
From Manufacturing and Logistics		25.0		50.0
Increases in Expenses, etc.		-60.0		-340.0
Other		-7.4		13.4
(Changes in Operating Income)		-87.4		103.4
Non-operating Income		80.7		-12.8
Equity in Earnings of Affiliated Companies		3.8		20.5
Income Taxes, Net Income Attributable to Noncontrolling Interests		-16.9		28.2
(Changes in Net Income)^{(Note 2)}		-19.8		139.3

*	This forecast does not include the effects of suspension of operations on vehicle assembly lines in Japan, resulting from the Kumamoto Earthquake that struck Japan’s island of Kyushu in April 2016.

Supplemental 3

Supplemental Material for Financial Results for FY2016 (Unconsolidated)

< Japan GAAP >


	FY2015															FY2016															FY2017
	1Q (2014/4-6)			2Q (2014/7-9)			3Q (2014/10-12)			4Q (2015/1-3)			12 months (’14/4-’15/3)			1Q (2015/4-6)			2Q (2015/7-9)			3Q (2015/10-12)			4Q (2016/1-3)			12 months (’15/4-’16/3)			Forecast 12 months (’16/4-’17/3)*
Toyota & Lexus brand
Domestic Vehicle Production (thousands of units)		783			815			765			822			3,186			748			813			805			806			3,172			3,250
Overseas Vehicle Production (thousands of units)		1,443			1,445			1,473			1,402			5,762			1,432			1,440			1,473			1,413			5,758			5,800
Domestic Vehicle Retail Sales (thousands of units)		319			378			340			429			1,466			335			370			364			419			1,488			1,600
Exports Vehicle Sales (thousands of units)		428			471			460			425			1,784			418			449			476			416			1,759			1,800
North America		180			180			186			175			721			184			209			192			187			772			790
Europe		56			66			56			72			250			43			37			67			60			207			250
Asia		55			58			53			42			208			52			57			64			52			225			250
Central and South America		11			14			12			12			49			11			10			10			10			41			50
Oceania		32			41			40			33			146			34			37			38			30			139			150
Africa		16			19			17			13			65			18			16			11			10			55			60
Middle East		77			91			94			76			338			74			82			92			65			313			250
Other		1			2			2			2			7			2			1			2			2			7
Net Revenues (billions of yen)		2,603.2			2,784.5			2,910.9			2,910.7			11,209.4			2,772.1			2,932.9			3,080.1			2,800.6			11,585.8			11,200.0
Domestic		837.6			872.5			837.9			987.1			3,535.2			868.0			935.7			909.1			1,007.6			3,720.6
Exports		1,765.5			1,911.9			2,072.9			1,923.5			7,674.1			1,904.1			1,997.1			2,170.9			1,793.0			7,865.2
Operating Income (billions of yen)		297.0			289.4			355.6			328.5			1,270.6			382.9			443.4			325.3			250.3			1,402.1			560.0
(Operating Income Ratio) (%)		(11.4	)		(10.4	)		(12.2	)		(11.3	)		(11.3	)		(13.8	)		(15.1	)		(10.6	)		(8.9	)		(12.1	)		(5.0	)
Ordinary Income (billions of yen)		577.9			541.0			649.4			356.6			2,125.1			671.5			740.6			617.3			254.6			2,284.0			1,390.0
(Ordinary Income Ratio) (%)		(22.2	)		(19.4	)		(22.3	)		(12.3	)		(19.0	)		(24.2	)		(25.3	)		(20.0	)		(9.1	)		(19.7	)		(12.4	)
Net Income (billions of yen)		465.1			436.1			574.9			214.4			1,690.6			542.6			609.6			521.7			136.4			1,810.3			1,200.0
(Net Income Ratio) (%)		(17.9	)		(15.7	)		(19.8	)		(7.4	)		(15.1	)		(19.6	)		(20.8	)		(16.9	)		(4.9	)		(15.6	)		(10.7	)
R&D Expenses (billions of yen)		213.6			213.6			224.0			234.9			886.2			230.2			227.8			237.1			228.2			923.4			950.0
Depreciation Expenses (billions of yen)		41.8			39.9			39.1			38.3			159.3			45.7			46.4			46.8			44.9			184.0			230.0
Capital Expenditures (billions of yen)		31.5			37.0			42.7			119.7			231.1			50.0			59.1			66.2			113.6			289.1			330.0


Analysis of Unconsolidated Net Income for FY2016 (billions of yen, approximately)	4Q (2016/1-3)		12 months (’15/4-’16/3)
Effects of Marketing Activities		-50.0		-170.0
Effects of Changes in Exchange Rates		-70.0		265.0
Cost Reduction Efforts		85.0		230.0
From Engineering		80.0		220.0
From Manufacturing and Logistics		5.0		10.0
Increases in Expenses, etc.		-45.0		-195.0
Other		1.8		1.4
(Changes in Operating Income)		-78.2		131.4
Non-operating Income		-23.8		27.5
Income Taxes, etc.		24.0		-39.2
(Changes in Net Income)		-78.0		119.6

Cautionary Statement with Respect to Forward-Looking Statements

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

(Note 1)

Shows the number of employees as of the end of each period (excluding loan employees from Toyota and its consolidated subsidiaries (“Toyota”) to outside Toyota and including loan employees from outside Toyota to Toyota)

(Note 2)

Shows “Net income attributable to Toyota Motor Corporation”

(Note 3)

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

(Note 4)

Value of common shares repurchased (excluding shares constituting less than one unit that were purchased upon request)

(Note 5)

Value of common shares repurchased (shareholder return on Net Income for the period, excluding repurchases made to avoid dilution of shares)

(Note 6)

Number of common shares cancelled

(Note 7)

Figures for depreciation expenses and capital expenditures do not include vehicles in operating lease

(Note 8)

Excludes financial subsidiaries

*	This forecast does not include the effects of suspension of operations on vehicle assembly lines in Japan, resulting from the Kumamoto Earthquake that struck Japan’s island of Kyushu in April 2016.

Supplemental 4

(Reference Translation)

(For reference)

May 11, 2016

Toyota Motor Corporation

Holding of Ordinary General Shareholders’ Meeting


1. Date and time:		10:00 a.m., Wednesday, June 15, 2016

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

3. Meeting Agenda:

Reports:

Reports on business review, consolidated and unconsolidated financial statements for FY2016 (April 1, 2015 through March 31, 2016) and report by Accounting Auditors and the Audit & Supervisory Board on the audit results of the consolidated financial statements for FY2016.

Resolutions:



Proposed Resolution 1:		Election of 11 Members of the Board of Directors

Proposed Resolution 2:		Election of 1 Substitute Audit & Supervisory Board Member

Proposed Resolution 3:		Payment of Bonuses to Members of the Board of Directors

[Reference Translation]

May 11, 2016

To Whom It May Concern:

Company Name: TOYOTA MOTOR CORPORATION

Name and Title of Representative:

Akio Toyoda, President

(Code Number: 7203

Securities exchanges throughout Japan)

Name and Title of Contact Person:

Yasushi Kyoda,

General Manager, Accounting Division

(Telephone Number: 0565-28-2121)

Notice Concerning Distribution of Dividends from Surplus

At a meeting held on May 11, 2016, the Board of Directors of Toyota Motor Corporation (“TMC”) resolved to distribute dividends from surplus, with record date dated March 31, 2016. In relation to the above, we hereby inform you of the following:

1.	Details of dividends

(1)	Common shares


	Year-end dividend for FY 2016	Most recent dividend forecast	Year-end dividend paid for FY 2015
Record date	March 31, 2016	March 31, 2016	March 31, 2015
Dividend per share	110.00 yen	—	125.00 yen
Total amount of dividends	334,144 million yen	—	393,351 million yen
Effective date	June 2, 2016	—	June 17, 2015
Source of dividends	Retained earnings	—	Retained earnings

[Reference] Details of dividends per common share through the fiscal year


Record date	Dividends for FY 2016 (ended March 31, 2016)	Dividends for FY 2015 (ended March 31, 2015)
End of interim period	100.00 yen	75.00 yen
End of fiscal period	110.00 yen	125.00 yen
Total	210.00 yen	200.00 yen

(2)	First Series Model AA Class Shares


	Year-end dividend for FY 2016	Most recent dividend forecast	Year-end dividend paid for FY 2015
Record date	March 31, 2016	March 31, 2016	—
Dividend per share	26.00 yen	—	—
Total amount of dividends	1,224 million yen	—	—
Effective date	June 2, 2016	—	—
Source of dividends	Retained earnings	—	—

[Reference] Details of dividends per First Series Model AA Class Share through the fiscal year


Record date	Dividends for FY 2016 (ended March 31, 2016)	Dividends for FY 2015 (ended March 31, 2015)
End of interim period	26.00 yen	—
End of fiscal period	26.00 yen	—
Total	52.00 yen	—

2.	Reason for the dividend amount

TMC deems the benefit of its shareholders as one of its priority management policies and strives to continue to pay stable dividends with a consolidated dividend payout ratio of 30% while giving due consideration to factors such as business results for each term, investment plans and its cash reserves.

In order to successfully compete in this highly competitive industry, TMC will focus on the early commercialization of technologies for the next-generation environment and safety, giving priority to customer safety and sense of security.

Considering these factors, with respect to the dividends for FY2016, TMC has determined, by a resolution of the Board of Directors, to pay a year-end dividend of 110 yen per common share and as a result, the annual dividend will be 210 yen per common share when combined with the interim dividend of 100 yen per common share.

In addition, TMC has determined, by a resolution of the Board of Directors, to pay a year-end dividend of 26 yen per First Series Model AA Class Share in accordance with a prescribed calculation method and as a result, the annual dividend will be 52 yen per share when combined with the interim dividend of 26 yen per share.

[Reference Translation]

May 11, 2016

To Whom It May Concern:

Company Name: TOYOTA MOTOR CORPORATION

Name and Title of Representative:

Akio Toyoda, President

(Code Number: 7203

Securities exchanges throughout Japan)

Name and Title of Contact Person:

Yasushi Kyoda, General Manager,

Accounting Division

(Telephone Number: 0565-28-2121)

Notice Concerning the Determination of Matters Relating to

the Repurchase of Shares of Common Stock

(Repurchase of Shares under Articles of Incorporation pursuant to Article 165, Paragraph 2 of the Companies Act of Japan)

We hereby inform you that Toyota Motor Corporation (“TMC”) resolved at a meeting of the board of directors held on May 11, 2016 to repurchase shares of its common stock pursuant to Article 156 of the Companies Act of Japan (the “Companies Act”) as applied pursuant to Article 165, Paragraph 3 of the Companies Act.

1.	Reason for repurchasing shares

To return capital to shareholders in addition to promoting capital efficiency and agile capital policy in view of the business environment

2.	Details of matters relating to repurchase


(1)	Class of shares to be repurchased	Common shares of TMC

(2)	Total number of shares to be repurchased	100 million shares (maximum)
		(Represents 3.24% of the total number of issued shares (excluding treasury stock)) * The total number of issued shares includes class shares other than common shares. The same shall apply hereinafter.

(3)	Total purchase price for repurchase of shares	500 billion JPY (maximum)

(4)	Method of repurchase	Purchase in the market through a trust bank

(5)	Period of repurchase	From May 18, 2016 to November 17, 2016

(References) Number of treasury stock as of March 31, 2016


• Total number of issued shares (excluding treasury stock):		3,084,775,870 shares

• Number of treasury stock:		300,321,622 shares

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Form 6-K TOYOTA MOTOR CORP/ For: May 11

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