8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):

April 8, 2011

TOYOTA MOTOR CREDIT CORPORATION

(Exact name of registrant as specified in its charter)

California	1-9961	95-3775816
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)
19001 S. Western Avenue Torrance, California		90501
(Address of principal executive offices)		(Zip Code)

Registrant's telephone number, including area code:     (310) 468-1310

    Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o      Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o      Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o      Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o      Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01  Regulation FD Disclosure.

Toyota Motor Credit Corporation has prepared an investor presentation.  The presentation is furnished (not filed) as Exhibit 99.1 to this Current Report on Form 8-K pursuant to Regulation FD.

Item 9.01  Financial Statements and Exhibits.

99.1   Investor presentation of Toyota Motor Credit Corporation (furnished pursuant to Regulation FD)

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 hereunto duly authorized.

	TOYOTA MOTOR CREDIT CORPORATION
Date: April 8, 2011	By:	/s/ Chris Ballinger
		Chris Ballinger
		Group Vice President and Chief Financial Officer

Exhibit Index

99.1     Investor presentation of Toyota Motor Credit Corporation (furnished pursuant to Regulation FD)

EX-99.1

	Exhibit 99.1
TOYOTA ------------------ FINANCIAL SERVICES ------------------ ================================================================================ Presentation to Fixed Income Investors April 2011 1

-------------------------------------------------------------------------------- Disclaimer -------------------------------------------------------------------------------- This presentation includes certain "forward-looking statements" within the meaning of The U.S. Private Securities Litigation Reform Act of 1995. These statements are based on current expectations and currently available information. Actual results may differ materially from these expectations due to certain risks, uncertainties and other important factors, including the risk factors set forth in the most recent annual and periodic reports of Toyota Motor Corporation and Toyota Motor Credit Corporation We do not undertake to update the forward-looking statements to reflect actual results or changes in the factors affecting the forward-looking statements. This presentation does not constitute an offer to sell or a solicitation of an offer to purchase any securities. Any offer or sale of securities will be made only by means of a prospectus and related documentation. 2

-------------------------------------------------------------------------------- Toyota's Global Businesses -------------------------------------------------------------------------------- [GRAPHIC OMITTED] 3

-------------------------------------------------------------------------------- TMC Consolidated Financial Results -------------------------------------------------------------------------------- Nine Months Fiscal Year Ended Ended March 31, December 31, (JPY billions) 2009 2010 2010 -------------------------------------------------------------------------------- Net Revenues 20,529.5 18,950.9 14,351.6 Operating Income (461.0) 147.5 422.1 Net Income (Loss) (437.0) 209.4 382.7 Sources: Toyota Motor Corporation 2010 Year-End Press Meeting and FY 2011 Third Quarter Press Meeting 4

-------------------------------------------------------------------------------- TMC Consolidated Balance Sheet -------------------------------------------------------------------------------- FY2010 FY2011 (JPY billions) As of March 31, 2010 As of December 31, 2010 -------------------------------------------------------------------------------- Current assets 13,073.6 11,802.7 Noncurrent finance receivables, net 5,630.7 5,376.4 Investment and other assets 4,934.1 5,862.3 Property, plant and equipment, net 6,710.9 6,192.9 -------- -------- Total Assets 30,349.3 29,234.3 ======== ======== Liabilities 19,418.8 18,426.5 Shareholders' equity 10,930.4 10,807.9 ======== ======== Total Liabilities and Shareholders' Equity 30,349.3 29,234.3 ======== ======== Source: Toyota Motor Corporation FY2011 Third Quarter Financial Summary 5

-------------------------------------------------------------------------------- TFS Group Global Presence -------------------------------------------------------------------------------- 33 Countries and Regions Worldwide [GRAPHIC OMITTED] 6

-------------------------------------------------------------------------------- Toyota Motor Credit Corporation (TMCC) -------------------------------------------------------------------------------- Toyota Motor Corporation (TMC) Toyota Financial Services Corporation (TFSC) Toyota Motor Credit Corporation (TMCC) Over 4.0 million active finance contracts(1) AA-(stable) /Aa2 (neg watch) rated captive finance company Credit support agreement structure with TFSC/TMC (1) As of December 31, 2010 7

-------------------------------------------------------------------------------- Credit Support Agreements -------------------------------------------------------------------------------- Securities* issued by TMCC (and various other TFSC subsidiaries) have the benefit of a credit support agreement with TFSC - TFSC will own 100% of TMCC - TFSC will cause TMCC to maintain a tangible net worth of at least $100,000 as long as covered securities are outstanding - If TMCC determines it will be unable to meet its payment obligations on any securities, TFSC will make sufficient funds available to TMCC to ensure that all such payment obligations are paid as due - Agreement cannot be terminated until (1) repayment of all outstanding securities or (2) each rating agency requested by Toyota to provide a rating has confirmed no change in rating of all such securities TFSC in turn has the benefit of a credit support agreement with Toyota Motor Corporation ("TMC") - Same key features as TFSC/TMCC credit support agreement - TMC will cause TFSC to maintain a tangible net worth of at least JPY10mm as long as covered securities are outstanding - TMC's obligations rank pari passu with its senior unsecured debt obligations * Securities defined as outstanding bonds, debentures, notes and other investment securities and commercial paper, but does not include asset-backed securities issued by TMCC's securitization trusts. 8

-------------------------------------------------------------------------------- TMCC Products and Services -------------------------------------------------------------------------------- Consumer Dealer Commercial Insurance Finance Finance Finance ----------------------------------------------------------------------------- [] Retail [] Wholesale [] Forklift [] Service Agmts [] Lease [] Real Estate [] Hino Medium Duty [] Ext. Warranty [] Working Capital [] Retail [] Guaranteed Auto [] Revolving Credit [] Lease Protection Lines [] Roadside Assistance ----------------------------------------------------------------------------- 9

-------------------------------------------------------------------------------- TMCC Financial Performance - Select Data -------------------------------------------------------------------------------- Nine Months Fiscal Year Ended March 31, Ended December 31, (USD Millions) 2007 2008 2009 2010 2010 -------------------------------------------------------------------------------- Total Financing Revenues 6,710 8,192 8,800 8,163 6,079 add: Other Income 586 686 432 680 603 less: Interest Expense 5,335 7,450 7,132 5,587 3,825 and depreciation Net Financing Revenues 1,961 1,428 2,100 3,256 2,857 and Other Revenues Net Income (Loss) 434 (223) (623) 1,063 1,465 Sources:TMCC March 31, 2010 10-K and December 31, 2010 10-Q 10

-------------------------------------------------------------------------------- TMCC Earning Asset Composition -------------------------------------------------------------------------------- Managed Assets (USD billions) [GRAPHIC OMITTED] Sources :TMCC March 31, 2009 10-K, March 31, 2010 10-K and December 31, 2010 10-Q 11

-------------------------------------------------------------------------------- Extensive Field Organization -------------------------------------------------------------------------------- Decentralized dealer and field support Centralized servicing and collections [GRAPHIC OMITTED] 12

-------------------------------------------------------------------------------- TMCC Financial Performance - Select Data -------------------------------------------------------------------------------- Nine Months Fiscal Year Ended March 31, Ended December 31, (USD Millions) 2007 2008 2009 2010 2010 -------------------------------------------------------------------------------- Over 60 Days Delinquent(1) 0.46% 0.59% 0.68% 0.45% 0.42% Allowance for Credit Losses(1)(2) 0.85% 0.97% 2.51% 2.31% 1.17% Net Credit Losses(3) 0.64% 0.91% 1.37% 1.03% 0.55% (1) Percentage of gross earning assets (2) The quotient of allowance for credit losses divided by the sum of gross finance receivables (net finance receivables less allowance for credit losses) plus gross investments in operating leases (net investments in operating leases less allowance for credit losses) (3) Percentage of average gross earning assets annualized Note: All percentage figures calculated for years 2007, 2008 and 2009 were based on a 150-day charge-off policy, which was changed to 120 days in fiscal 2010 Sources: TMCC March 31, 2009 10-K, March 31, 2010 10-K and December 31, 2010 10-Q 13

TMCC Funding Programs 14

-------------------------------------------------------------------------------- Exceptional Liquidity -------------------------------------------------------------------------------- A-1+/P-1 Direct Commercial Paper Program - Backed by $ 13 billion multi-party back-stop credit facilities ($ 5 billion 364-day; $ 5 billion 3-year; $ 3 billion 5-year) $4.4 billion Short-term Investment Portfolio* Over $ 35 billion in salable retail loan receivables Access to various domestic and international term markets Billions of additional capacity in Global Benchmark Markets Inter-company lending infrastructure Credit Support Agreements: TMCC []TFSC []TMC * Average balance for three months ended December 31, 2010 Source: TMCC December 31, 2010 10-Q 15

-------------------------------------------------------------------------------- TMCC Funding Program Objectives -------------------------------------------------------------------------------- TMCC is committed to: -- Maintaining funding diversity and exceptional liquidity -- Issuing into strong demand with attractive deals -- Identifying and developing new markets and investor relationships -- Responding quickly to opportunities with best-in-class execution 16

-------------------------------------------------------------------------------- Diversity in Debt Offerings -------------------------------------------------------------------------------- TMCC Term Debt Outstanding By Deal Type ------------ [GRAPHIC OMITTED] By Currency ----------- [GRAPHIC OMITTED] As of March 31, 2011 Source:Company Reports 17

-------------------------------------------------------------------------------- Funding Flexibility -------------------------------------------------------------------------------- Focus on More Diverse Maturities in USD Issuance (1) [GRAPHIC OMITTED] (1) Unsecured U.S. MTN issuance, excluding Structured Notes and Retail Notes. (2) As of March 31, 2011 Source:Company Reports 18

-------------------------------------------------------------------------------- Key Investment Highlights -------------------------------------------------------------------------------- Financial strength supported by strong credit ratings Transparent business model with exceptional liquidity Rational funding programs with long term perspective -- Diversification in bond offerings -- Focus on proactively meeting needs of market -- Strong emphasis placed on flexibility and responsiveness 19

TOYOTA ------------------ FINANCIAL SERVICES ------------------ ================================================================================