January 2012

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

TMC Consolidated Financial Results Fiscal Year Ended March 31, (JPY billions) 2009 2010 2011 ------------------------ ---------- -------- ---------- Net Revenues 20,529.5 18,950.9 18,993.6 Operating Incom e (Loss) (461.0) 147.5 468.2 Net Incom e (Loss) (437.0) 209.4 408.1 Sources: Toyota Motor Corporation FY 2010 Financial Summary and FY 2011 Financial Summary 4

TMC Consolidated Balance Sheet FY2010 FY2011 (JPY billions) As of March 31, 2010 As of March 31, 2011 ---------------------------------------- ------------------------ --------------------------- Current assets 13,073.6 11,829.8 Noncurrent finance receivables, net 5,630.7 5,556.7 Investment and other assets 4,934.1 6,122.5 Property, plant and equipment, net 6,710.9 6,309.2 ======================== =========================== Total Assets 30,34 9.3 29,818 .2 ======================== =========================== Liabilities 19,418.8 18,898.1 Shareholders' equity 10,930.4 10,920.0 ======================== =========================== Total Liabilities and Shareholders' Equity 30,34 9 . 3 29,818 . 2 ======================== =========================== Source: Toyota Motor Corporation FY 2011 Financial Summary 5

Toyota Motor Sales, USA [] For 2012, 40% of the vehicles Toyota sells will be all-new or significantly updated [] Toyota will launch 19 new or updated models this year, including 7 from Toyota, 9 from Lexus and 3 from Scion [] Industry-leading investment in next-generation technologies in power-train, safety and production -- TMS has the most fuel-efficient line-up of any full-line OEM -- 10 hybrid models in TMS line-up and 72% share of the U. S. hybrid market (1) [] Recent and upcoming vehicle launches: -- Lexus GS -- Prius Plug-in Hybrid -- Prius C -- Rav 4 Electric Vehicle -- Scion FR-S -- Scion IQ (1) As of November 31, 2011 6

Toyota Motor Sales, USA (2) [] Quality, safety, reliability and product appeal remain high as reflected by numerous 3(rd) party accolades Q42011 Kelley Blue Book "Brand Loyalty" Toyota #1; Lexus #1 (luxury) 2011 JD Power APEAL (Automotive Performance, Execution and Layout) Study Lexus ranks in top 10 2011 JD Power CSI Lexus ranks highest of any luxury brand 2011 Edmunds. com Lexus receives "Best Retained Value Award" for luxury brands 2012 IIHS "Top Safety" TMS earns 15 "top safety" awards 2011 Interbrand's "Best Global Green Brands" Toyota ranks #1 2011 JD Power IQS: Lexus earns 4 segment awards, ranks highest among all nameplates 2011 Kelley Blue Book Top 10 Green Cars Prius and Lexus CT 200h earn spots on KBB's prestigious list 2011 Forbes "Safest Trucks of 2011" 8 Toyota and Lexus Trucks and SUVs 2011 JD Power VDS TMS receives most "highest ranking" awards (7), more than any other OEM 2011 IIHS "Top Safety" TMS earns 8 "Top Safety" awards 2011 IntelliChoice "Best Overall Value of the Year" TMS receives 11 top spots, more than any other OEM 7

Toyota Motor Sales, USA (3) Lexus GS 350 Prius Plug-in

Toyota Motor Sales, USA (4) Prius C Scion iQ 9

Toyota Motor Sales, USA (5) Lexus LF-LC Concept Scion FR-S 10

Toyota Financial Services 11

TFS Group Global Presence 34 Countries and Regions Worldwide 12

Toyota Motor Credit Corporation (TMCC) Toyota Motor Corporation (TMC) Toyota Financial Services Corporation (TFSC) Toyota Motor Credit Corporation (TMCC) [] Nearly 4.0 million active finance contracts (1) [] AA- (2)/Aa3(2) rated captive finance company [] Credit support agreement structure with TFSC/TMC (1) As of September 30, 2011 (2) Outlook negative 13

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 [] TFSC's and/or TMC's credit support obligations will rank pari passu with all other 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. 14

TMCC Products and Services Consumer Finance [] Retail []Lease Dealer Finance []Wholesale [] Real Estate [] Working Capital [] Revolving Credit Lines Commercial Finance [] Forklift [] Hino Medium Duty [] Retail ([]) Lease Insurance [] Service Agmts [] Ext. Warranty [] Guaranteed Auto Protection []Roadside Assistance 15

TMCC Financial Performance - Select Data Six Months Fiscal Year Ended March 31, Ended Septem ber 30, (USD m illions) 2008 2009 2010 2011 2011 --------------------------------- ----- ----------- --------------- ----- -------------- Total Financing Revenues 8,192 8,800 8,163 8,064 3,790 add: Other Incom e 686 432 680 779 334 less: Interest Expense 7,450 7,132 5,587 4,967 2,260 and depreciation Net Financing Revenues 1,428 2,100 3,256 3,876 1,864 and Other Revenues Net Incom e (Loss) (223) (623) 1,063 1,853 916 Source: TMCC March 31, 2011 10-K and September 30, 2011 10-Q 16

TMCC Earning Asset Composition Managed Assets (USD billions) 74.1 11.7 43.3 19.1 Mar-08 72.6 10.8 43.5 18.3 Mar-09 72.2 11.3 40.5 17.4 Mar-10 3.0 76.8 12.1 11.3 34.1 19.3 Mar-11 74.2 9.8 11.5 34.1 18.8 Sep-11 Lease Retail Sold (ABS) Wholesale and Other Source: TMCC March 31, 2011 10-K and September 30, 2011 10-Q 17

Extensive Field Organization [] Decentralized dealer and field support [] Centralized servicing and collections (circled) 18

TMCC Financial Performance - Select Data Six Months Fiscal Year Ended March 31, Ended Septem ber 30, (USD m illions) 2008 2009 2010 2011 2011 ---------------------------------------- ----- ----------- --------------- ----- -------------- Over 60 Days Delinquent ()1) 0.59% 0.68% 0.45% 0.26% 0.31% Allowance for Credit Losses ()1) (2) 0.97% 2.51% 2.31% 1.13% 0.83% Net Credit Losses ()3) 0.91% 1.37% 1.03% 0.52% 0.17% (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 fiscal years 2008 and 2009 were based on a 150-day charge-off policy, which was changed to 120 days in fiscal 2010 Source: TMCC March 31, 2011 10-K and September 30, 2011 10-Q 19

TMCC Retail Loan Collateral and ABS Transactions

Credit Decisioning and Collections [] Major adjustments to credit decisioning implemented beginning in late 2007 -- Identification and elimination of least desirable segments [] Renewed focus on core Toyota and Lexus business [] Rededication of collections strategy and staff -- Re-trained staff and out-sourced high risk collections -- Emphasis on early intervention -- Optimization of staff and technology resources

Credit: Results* [] Retail loan credit performance has shown significant improvement -- Portfolio -level performance trends show general improvement -- Recent vintages outperforming older cohorts Cumulative Net losses: Annual Origination Vintages * Abbreviated for presentation purposes Source: Company reports 22

Managed Portfolio Performance TMCC Retail Loan Delinquency Experience (1) At December 31, At March 31, ---------------------- ---------- ------------ -------------- ------------ ----------- 2011 2010 2011 2010 2009 2008 2007 ---------- ----------- ---------- ------------ -------------- ------------ ----------- Outstanding Contracts (2) 3,132,976 3,172,332 3,189,591 3,093,894 3,050,178 2,942,565 2,681,902 Number of Accounts Past Due in the following categories 30 - 59 days 52,675 62,420 43,070 55,123 57,547 54,219 40,967 60 - 89 days 11,456 13,716 8,588 11,722 13,327 13,010 9,571 Over 89 days 9,263 11,137 9,153 10,953 11,797 9,575 6,216 Delinquencies as a Percentage of Contracts Outstanding (3) 30 - 59 days 1.68% 1.97% 1.35% 1.78% 1.89% 1.84% 1.53% 60 - 89 days 0.37% 0.43% 0.27% 0.38% 0.44% 0.44% 0.36% Over 89 days 0.30% 0.35% 0.29% 0.35% 0.39% 0.33% 0.23% (1) The historical delinquency data reported in this table includes all retail vehicle installment sales contracts purchased by TMCC, excluding those purchased by a subsidiary of TMCC operating in Puerto Rico. Includes contracts that have been sold but are still being serviced by TMCC. (2) Number of contracts outstanding at end of period. (3) The period of delinquency is based on the number of days payments are contractually past due. A payment is deemed to be past due if less than 90% of such payment is made. Source: Company reports 23

Performance -- Retail Loan TMCC Managed Portfolio Net Loss and Repossession Experience (dollars in thousands) (1) For the 9 Months Ended For the Fiscal Years Ended ------------ ------------------------------------ ------------ ------------- December 31, March 31, --------------------------- ------------ ------------ ----------------------- ------------ ------------- 2011 2010 2011 2010 2009 2008 2007 ------------ -------------- ------------ ------------ ----------------------- ------------ ------------- Principal Balance Outstanding (2) 44,671,053 44,604,093 45,053,303 43,234,740 43,485,623 42,313,780 37,487,787 Average Principal Balance Outstanding (3) 44,862,178 43,919,416 44,144,021 43,360,181 42,899,702 39,900,783 34,929,981 Number of Contracts Outstanding 3,132,976 3,172,332 3,189,591 3,093,894 3,050,178 2,942,565 2,681,902 Average Number of Contracts Outstanding (3) 3,161,284 3,133,113 3,141,743 3,072,036 2,996,372 2,812,234 2,526,991 Number of Repossessions (4) 32,475 49,513 64,710 79,637 81,270 65,785 48,537 Number of Repossessions as a Percent of the Number of Contracts Outstanding (8) 1.38% 2.08% 2.03% 2.57% 2.66% 2.24% 1.81% Number of Repossessions as a Percent of the Average Number of Contracts Outstanding 1.37% 2.11% 2.06% 2.59% 2.71% 2.34% 1.92% Gross Charge-Offs (5)(7) 186,839 354,532 447,159 724,212 897,508 608,689 388,075 Recoveries (6) 59,709 75,217 98,105 116,892 87,182 68,511 66,319 Net Losses 127,130 279,315 349,054 607,320 810,326 540,178 321,756 Net Losses as a Percentage of Average Principal Balance Outstanding (8) 0.38% 0.85% 0.79% 1.40% 1.89% 1.35% 0.92% (1) The net loss and repossession data reported in this table includes all retail installment sales contracts purchased by TMCC, excluding those purchased by a subsidiary of TMCC operating in Puerto Rico. Includes contracts that have been sold but are still being serviced by TMCC. (2) Principal Balance Outstanding includes payoff amount for simple interest contracts and net principal amount for actuarial contracts. (3) Average of the principal balance or number of contracts outstanding as of the beginning and end of the indicated periods. (4) Includes bankrupt repossessions but excludes bankruptcies. (5) Amount charged-off is the net remaining principal balance, including earned but not yet received finance charges, repossession expenses and unpaid extension fees, less any proceeds from the liquidation of the related vehicle. Also includes dealer reserve charge-offs. (6) Includes all recoveries from post-disposition monies received on previously charged-off contracts including any proceeds from the liquidation of the related vehicle after the related charge-off. Also includes recoveries for dealer reserve charge-offs and chargebacks. (7) Beginning in February 2010, Toyota Motor Credit Corporation changed its charge-off policy from 150 days past due to 120 days past due. (8) Annualized. 24 Source: Company reports

Origination Profile TMCC Retail Auto Loan Originations Origination Year 2007 2008 2009 2010 2011 ============================================== ============== ============== ============== -------------- ============== Number of Pool Assets 1,070,814 1,070,411 824,133 956,010 911,545 Original Pool Balance 23,723,872,435 23,938,411,965 17,974,710,305 21,924,552,881 21,608,462,287 Average Initial Loan Balance 22,155 22,364 21,810 22,933 23,705 Weighted Average Interest Rate 7.64% 6.03% 5.69% 3.91% 3.76% Weighted Average Original Term 62 63 62 62 63 Weighted Average FICO 708 723 737 738 735 Geographic Concentrations: (Top 5 States) CA-22.9% CA-20.7% CA-18.9% CA-18.0% CA-18.9% TX-11.0% TX-12.0% TX-12.1% TX-13.1% TX-12.6% NY-5.1% NY-4.8% NY-5.4% NY-5.2% NY-5.4% NJ-4.8% NJ-4.5% NJ-5.2% NJ-4.7% NJ-4.9% VA-4.3% IL-4.3% IL-4.3% VA-4.5% IL-4.1% Distribution of Assets by Interest Rate: (1) <2.0% 11.3% 15.9% 17.1% 35.2% 30.3% 2.0%-3.99% 8.9% 14.7% 17.9% 22.8% 35.9% 4.0%-5.99% 11.6% 20.4% 21.2% 19.3% 17.5% 6.0%-7.99% 31.8% 26.2% 23.9% 13.6% 8.5% 8.0%-9.99% 18.2% 12.6% 11.3% 4.1% 3.2% 10.0%-11.99% 6.0% 3.7% 3.5% 1.7% 1.6% 12.0%-13.99% 2.5% 2.1% 1.7% 0.9% 0.7% 14.0%-15.99% 2.4% 1.3% 1.0% 0.7% 0.6% 16.0% + 7.4% 3.0% 2.3% 1.8% 1.7% -------------- -------------- -------------- -------------- -------------- Total 100.0% 100.0% 100.0% 100.0% 100.0% Share of Original Assets: % Non-Toyota, Non-Lexus 7.2% 6.1% 4.8% 4.9% 4.4% % 72+ Month term 7.7% 20.6% 15.1% 9.8% 10.5% % Used 23.4% 25.4% 29.5% 30.6% 31.5% (1) Percentages may not add to 100% due to rounding Source: Company reports 25

Origination Characteristics APR Distribution Weighted Average Original Term Weighted Average FICO New vs. Used Source: Company reports 26

ABS Deal Comparison Toyota Auto Owners Trust (TAOT)(1) Series 2010 - A 2010 - B 2010 - C 2011- A 2011- B (2) ----------------------------------------- ------------- ------------- ------------- ------------- -------------- Number of Pool Assets 105,045 146,003 104,874 77,857 111,163 Original Pool Balance ($) 1,329,787,698 1,842,107,232 1,344,094,647 1,038,130,389 1,573,816,681 Average Initial Loan Balance ($) 12,659 12,617 12,816 13,334 14,158 Weighted Average Interest Rate 5.82% 5.63% 4.06% 3.57% 2.99% Weighted Average FICO 748 749 755 755 755 Original Term (months) 62 62 60 60 60 Geographic Concentrations: (Top 5 States) CA-23.8% CA-21.3% CA-19.5% CA-19.0% CA-18.9% TX-13.7% TX-12.8% TX-11.5% TX-12.2% TX-12.0% NY-6.2% PA-5.6% PA-5.9% PA-5.4% PA-4.8% IL-5.0% NJ-4.6% MD-4.8% IL-4.6% NY-4.6% NJ-4.8% MD-4.5% IL-4.6% MD-4.5% IL-4.5% Share of Original Assets: % Non-Toyota, Non-Lexus 0.0% 0.0% 0.0% 0.0% 0.0% % 72+ Month term 0.0% 0.0% 0.0% 0.0% 0.0% % Used 24.3% 24.6% 19.5% 20.3% 23.8% (1) Abbreviated for presentation purposes (2) Data based upon statistical pool 27

TAOT Deal Performance Transaction Moody's EL SandP's EL =========== ========== ================= TAOT 2010-A 1.25% (1) 1.70% - 1.90% (2) =========== ========== ================= TAOT 2010-B 1.25% (1) 1.50% - 1.70% (2) =========== ========== ================= TAOT 2010-C 1.15% (1) 1.40% - 1.60% (2) =========== ========== ================= TAOT 2011-A 1.15% 1.40% - 1.60% =========== ========== ================= TAOT 2011-B 0.85% 1.15% - 1.35% =========== ========== ================= (1) Moody's cumulative net loss assumption at initial transaction rating. On September 15, 2011, Moody's announced that it had decreased the transaction CNL assumptions to 0.45%-0.70% for 2010-A and 2010-B and 0.35%-0.60% for 2010-C. (2) Standard and Poors cumulative net loss assumption at initial transaction rating. On January 17, 2012, Standard and Poors announced that it had decreased the transaction CNL assumptions to 0.45%-0.55% for 2010-A, 0.40%-0.50% for 2010-B and 0.35%-0.45% for 2010-C. Source: Company reports 28

TMCC Funding Programs

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 [] $ 8.9 billion Short-term Investment Portfolio (1) [] Over $ 30 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 (1) Average balance for quarter ended September 30, 2011 Source: TMCC September 30, 2011 10-Q 30

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

Diversity in Debt Offerings TMCC Term Debt Outstanding By Deal Type Public/Private ABS $8,879 Other $9,970 Global MTN $8,100 MTN $5,131 EMTN $5,480 Uridashi $4,126 Eurobonds $10,464 By Currency USD, $32,608 EUR, $6,808 AUD, $4,155 JPY, $3,072 CHF, $2,847 NZD, $1,024 GBP, $925 Other, $710 units in USD millions units in USD millions As of December 31, 2011 Source:Company Reports 32

Funding Flexibility Focus on More Diverse Maturities in USD Issuance (1) FY '09 3yr 2yr 18 mo 1yr 5% 19% 2% 74% FY '10 1yr (2yr) 8% 3yr 15% 77% FY'11 10yr 3yr 2yr 1yr 24% 36% 17% 7% 16% FY'12 TD(2) 10yr 5yr 3yr 2yr 1yr 21% 26% 10% 10% 33% (1) Unsecured U.S. MTN issuance, excluding Structured Notes and Retail Notes. (2) As of January 18, 2012 Source:Company Reports 33

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 34