Supplemental Material for Financial Results for FY2017 First Quarter (Consolidated)

< U.S. GAAP >

	FY2016															FY2017			FY2017
	1Q (2015/4-6)			2Q (2015/7-9)			3Q (2015/10-12)			4Q (2016/1-3)			12 months (’15/4-’16/3)			1Q (2016/4-6)			Forecast 12  months (’16/4-’17/3)
Vehicle Production (thousands of units)		2,093			2,166			2,146			2,171			8,576			2,149
(Japan) – including Daihatsu & Hino		941			1,000			1,010			1,030			3,981			934
[Daihatsu & Hino]		[193	]		[187	]		[205	]		[224	]		[809	]		[194	]
(Overseas) – including Daihatsu & Hino		1,152			1,166			1,136			1,141			4,595			1,215
[Daihatsu & Hino]		[80	]		[68	]		[80	]		[74	]		[302	]		[86	]
North America		527			462			464			516			1,970			527
Europe		135			132			152			145			565			144
Asia		372			438			414			382			1,605			420
Central and South America		65			75			55			60			255			69
Oceania		24			28			23			21			95			21
Africa		29			31			28			17			105			34
Vehicle Sales (thousands of units)		2,114			2,164			2,215			2,189			8,681			2,172			8,900
[First Half 6 months]														[4,278	]					[4,300	]
(Japan) – including Daihatsu & Hino		470			514			493			583			2,059			511			2,240
[Daihatsu & Hino]		[129	]		[137	]		[141	]		[186	]		[592	]		[132	]		[640	]
(Overseas) – including Daihatsu & Hino		1,644			1,650			1,722			1,606			6,622			1,661			6,660
[Daihatsu & Hino]		[76	]		[66	]		[70	]		[70	]		[282	]		[72	]		[290	]
North America		729			684			728			698			2,839			715			2,880
Europe		206			201			210			226			844			222			950
Asia		328			325			362			329			1,345			384			1,470
Central and South America		98			112			90			93			392			101			400
Oceania		62			61			75			61			260			64			250
Africa		52			55			44			40			191			43			190
Middle East		167			210			211			158			744			130			520
Other		2			2			2			1			7			2
Total Retail Unit Sales (thousands of units) [Toyota, Daihatsu and Hino]		2,502			2,477			2,652			2,463			10,094			2,529			10,150
Housing Sales (units)		891			1,533			1,335			1,992			5,751			1,185			6,100

Supplemental 1

Supplemental Material for Financial Results for FY2017 First Quarter (Consolidated)

< U.S. GAAP >

	FY2016															FY2017			FY2017
	1Q (2015/4-6)			2Q (2015/7-9)			3Q (2015/10-12)			4Q (2016/1-3)			12 months (’15/4-’16/3)			1Q (2016/4-6)			Forecast 12  months (’16/4-’17/3)
Foreign Exchange Rates
Yen to US Dollar Rate		121			122			121			115			120			108			as premise:102
Yen to Euro Rate		134			136			133			127			133			122			as premise:113
Market Share (Japan)
Toyota(excluding Mini-Vehicles) (%)		47.9			45.4			49.5			44.9			46.8			49.7			approximately: 48.0
Toyota, Daihatsu and Hino (including Mini-Vehicles) (%)		43.3			42.3			45.9			42.0			43.2			47.0
Number of Employees		349,131			349,508			349,766			348,877			348,877			354,974	(Note 1)
Net Revenues (billions of yen)		6,987.6			7,103.8			7,339.8			6,971.7			28,403.1			6,589.1			26,000.0
Geographic Information
Japan		3,501.9			3,720.2			3,851.6			3,685.6			14,759.4			3,361.4
North America		2,840.4			2,690.3			2,856.9			2,664.1			11,051.9			2,534.5
Europe		644.0			665.2			656.9			695.0			2,661.3			621.8
Asia		1,142.9			1,298.1			1,361.1			1,201.5			5,003.8			1,182.6
Other		596.2			588.5			558.8			466.5			2,210.2			521.5
Elimination		-1,738.0			-1,858.6			-1,945.6			-1,741.3			-7,283.7			-1,632.8
Business Segment
Automotive		6,411.3			6,471.5			6,715.0			6,379.4			25,977.4			6,029.0
Financial Services		470.3			479.6			483.9			462.2			1,896.2			438.9
All Other		256.9			294.5			283.0			342.7			1,177.3			249.0
Elimination		-150.9			-141.9			-142.1			-212.7			-647.9			-127.8
Operating Income (billions of yen)		756.0			827.4			722.2			548.3			2,853.9			642.2			1,600.0
(Operating Income Ratio) (%)		(10.8	)		(11.6	)		(9.8	)		(7.9	)		(10.0	)		(9.7	)		(6.2	)
Geographic Information
Japan		475.8			482.3			392.7			326.5			1,677.5			290.3
North America		126.8			148.5			150.7			102.6			528.8			171.4
Europe		7.8			22.3			20.5			21.6			72.4			9.0
Asia		100.0			144.0			134.8			70.2			449.1			127.4
Other		38.0			28.8			25.0			16.9			108.9			27.3
Elimination		7.3			1.2			-1.6			10.2			17.1			16.6
Business Segment
Automotive		677.5			713.7			607.6			449.9			2,448.9			543.4
Financial Services		70.1			95.6			99.2			74.1			339.2			90.2
All Other		12.2			14.9			17.8			21.3			66.5			10.3
Elimination		-4.0			2.9			-2.5			2.7			-0.7			-1.7
Income before Income Taxes (billions of yen)		845.2			829.8			777.7			530.4			2,983.3			677.0			1,780.0
(Income before Income Taxes Ratio) (%)		(12.1	)		(11.7	)		(10.6	)		(7.6	)		(10.5	)		(10.3	)		(6.8	)
Equity in Earnings of Affiliated Companies (billions of yen)		100.9			60.7			106.0			61.3			329.0			90.0			290.0
Net Income (billions of yen)		646.3			611.7			627.9			426.6			2,312.6			552.4			1,450.0	(Note 2)
(Net Income Ratio) (%)		(9.3	)		(8.6	)		(8.6	)		(6.1	)		(8.1	)		(8.4	)		(5.6	)
Dividends
Common Shares
Cash Dividends (billions of yen)		—			311.3			—			334.1			645.5			—	(Note 3)
Cash Dividends per Share (yen)		—			100			—			110			210			—
Payout Ratio (%)		—			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]		—			249.1			300.8			232.6			782.6			147.7	(Note 4)
Value of Shares Repurchased (billions of yen)[shareholder return]		—			139.3			—			500.0 (maximum)			639.3 (maximum)			—	(Note 4)  (Note 5)
Number of Shares Canceled (thousands)		—			—			80,000			—			80,000			—	(Note 6)
Number of Outstanding Common Shares (thousands)		3,417,997			3,417,997			3,337,997			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			47,100

Supplemental 2

Supplemental Material for Financial Results for FY2017 First Quarter (Consolidated)

< U.S. GAAP >

	FY2016										FY2017			FY2017
	1Q (2015/4-6)		2Q (2015/7-9)		3Q (2015/10-12)		4Q (2016/1-3)		12 months (’15/4-’16/3)		1Q (2016/4-6)			Forecast 12  months (’16/4-’17/3)
R&D Expenses (billions of yen)		265.7		264.1		270.3		255.4		1,055.6		274.1			1,070.0
Depreciation Expenses (billions of yen)		200.3		216.7		226.8		241.2		885.1		205.8			920.0	(Note 7)
Geographic Information
Japan		99.5		115.7		121.3		129.4		466.2		111.9			530.0
North America		49.2		49.5		48.9		46.3		194.0		42.0			165.0
Europe		12.5		12.2		14.2		18.7		57.7		11.1			55.0
Asia		30.1		32.7		34.3		36.7		133.9		32.2			130.0
Other		8.9		6.4		7.9		9.8		33.1		8.4			40.0
Capital Expenditures (billions of yen)		300.1		260.4		303.5		428.3		1,292.5		253.3			1,340.0	(Note 7)
Geographic Information
Japan		109.1		141.6		145.2		250.8		646.8		135.1			755.0
North America		57.4		48.6		57.6		70.4		234.2		70.1			315.0
Europe		10.5		16.4		14.6		36.1		77.7		10.8			75.0
Asia		90.6		29.2		66.7		53.1		239.7		29.1			140.0
Other		32.4		24.4		19.2		17.7		93.9		8.0			55.0
Total Liquid Assets (billions of yen)		8,794.4		9,160.1		9,001.3		9,229.9		9,229.9		8,700.2	(Note 8)
Total Assets (billions of yen)		48,821.4		48,574.5		48,922.9		47,427.5		47,427.5		44,524.3
Toyota Motor Corporation Shareholders’ Equity (billions of yen)		17,205.0		17,039.6		17,287.4		16,746.9		16,746.9		16,127.8
Return on Equity (%)		15.2		14.2		14.6		10.0		13.8		13.4
Return on Asset (%)		5.4		5.0		5.2		3.5		4.9		4.8
Number of Consolidated Subsidiaries (including Variable Interest Entities)										548
No. of Affil. Accounted for Under the Equity Method										54

Analysis of Consolidated Net Income for FY2017(Note 2) (billions of yen, approximately)	1Q (2016/4-6)
Marketing Efforts		85.0
Effects of Changes in Exchange Rates		-235.0
Cost Reduction Efforts		90.0
From Engineering		80.0
From Manufacturing and Logistics		10.0
Increases in Expenses, etc.		-30.0
Other		-23.7
(Changes in Operating Income)		-113.7
Non-operating Income		-54.4
Equity in Earnings of Affiliated Companies		-10.9
Income Taxes, Net Income Attributable to Noncontrolling Interests		85.1
(Changes in Net Income)(Note 2)		-93.9

Supplemental 3