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):

September 23, 2016

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 materials for investors and other business information. The materials are 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 Toyota Business Highlights (furnished pursuant to Regulation FD)

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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: September 23, 2016	By:	/s/ Katherine Adkins
		Katherine Adkins Secretary

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Exhibit Index

99.1 Toyota Business Highlights (furnished pursuant to Regulation FD)

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EX-99.1

 

Toyota Business Highlights 1QFY2017 _{Exhibit 99.1}

TOYOTA MOTOR SALES (TMS), U.S.A. INC. MONTHLY RESULTS The U.S. automobile SAAR figure for August 2016 came in at 16.91M units, down from 17.69M units in August 2015. TMS August 2016 sales totaled 213,125 units, a decrease of 5.0% from August 2015 volume, a decrease of 5.0% on a daily selling rate (DSR) basis. Lexus reported August 2016 sales of 30,938 units, a 7.6% decrease from August 2015 on volume, and down 7.6% on a daily selling rate (DSR) basis. North American production for August 2016 totaled 151,378 units, a volume decrease of 0.4% from August 2015.
U.S. light vehicle seasonally adjusted annual rate (SAAR) and Toyota Motor Sales (TMS), U.S.A. Inc. sales Aug 2011 - Aug 2016 rate 20 300 sales 18 250 annual millions) 16 200 vehicle thousands) 14 adjusted 150 12 light in 100 in 10 U.S. (units (units Seasonally 50 8 Toyota 6 11 12 1212121313131314141414151515 15 1616 0 11 16 --------------------- Aug Nov Feb MayAugNovFebMayAugNovFebMayAugNovFebMayAug Nov FebMay Aug Source: Toyota, Bloomberg, Ward’s Automotive Group. Toyota Division represents Toyota and Scion vehicle sales. Scion sales for August 2016 totaled 5,627 units, up 44.5% from August 2015 Scion volume. TMS monthly results include fleet sales volume.

Toyota Motor Sales, U.S.A. Inc. Aug 2016 unit sales Toyota Division Lexus Division
Toyota U.S. August 2016 unit sales - Toyota Division Top 5 makes Aug-16 Aug-15 Aug-15 Aug-16 Camry 37,592 32,864 Corolla 31,726 30,741 Prius 17,757 12,984 RAV4 30,534 33,171 Tacoma 16,230 15,373
Toyota U.S. August 2016 unit sales - Lexus Division Top 5 makes Aug-16 Aug-15 Aug-15 Aug-16 RX 9,620 9,701 ES 7,286 5,840 IS 4,537 3,525 GS 1,795 1,228 GX 2,221 2,493

TOYOTA MOTOR CORPORATION (TMC) FINANCIAL RESULTS Yen in millions TMC consolidated financial performance Q1 FY2016 Q1 FY2017

Net Revenues ¥6,987,648 ¥6,589,113 Operating Income (Loss) 756,001 642,230 Net Income attributable to TMC (Loss) 646,394 552,465 TMC Consolidated Balance Sheet Current Assets ¥18,172,357 ¥16,592,413 Noncurrent finance receivables, net 9,441,390 7,937,863 Total Investments and other assets 11,508,075 10,693,445 Property, plant and equipment, net 9,699,657 9,300,653 Total Assets ¥48,821,479 ¥44,524,374 Liabilities ¥30,751,512 ¥27,087,178 Mezzanine equity 481,003 Shareholders' equity 18,069,967 16,956,193 Total Liabilities and Shareholders' Equity ¥48,821,479 ¥44,524,374 Operating Income (Loss) by geographic region Japan ¥475,854 ¥290,367 North America 126,860 171,440 Europe 7,859 9,010 Asia 100,097 127,448 Other‡ 38,028 27,300 Inter-segment elimination and/or unallocated amount 7,303 16,665
Production (units) Q1 FY2016 Q1 FY2017 Japan 941,462 933,988 North America 527,430 527,397 Europe 134,901 143,870 Asia 371,749 420,135 Other‡ 117,572 124,062 Sales (units) Q1 FY2016 Q1 FY2017 Japan 469,971 511,170 North America 728,813 715,384 Europe 206,374 222,708 Asia 328,602 384,171 Other‡ 380,240 339,226

‡ “Other” consists of Central and South America, Oceania, Africa and the Middle East Source: TMC company filings.

 

TOYOTA MOTOR CREDIT CORPORATION (TMCC) TMCC - Percentage of contracts subvened FINANCIAL RESULTS 100% Q1 FY2016 Q1 FY2017 84.2% U.S. dollars 89.2% in millions TFS - Market Share^{1 80%} 60.9% 63.2% 60% TMCC financial performance Q1 FY2016 Q1 FY2017 Q1 FY2016 Q1 FY2017 30.6% 40% Total financing revenues $2,255 $2,458 Q1… 20% 15.3% Income before income taxes 205 387 62.2% 0% Net Income 135 241 New retail Used retail Lease contracts Debt-to-Equity Ratio 10.6x 9.8x Q1… 65.6% contracts contracts • Our consolidated net income was $241 million for the first quarter of TMCC - Vehicle financing volume fiscal 2017 compared to $135 million for the same period in fiscal Q1 FY2016 Q1 FY2017 2016. The increase in net income for the first quarter of fiscal 2017 174 thousands 200 was primarily due to a $203 million increase in total financing 148 152 144 revenues driven by a $195 million increase in operating lease 100 72 72 revenues and a $201 million decrease in interest expense, partially offset by a $229 million increase in depreciation on operating leases 0 in and a $76 million increase in provision for income taxes. units New retail Used retail Lease • We recorded a provision for credit losses of $52 million for the first contracts contracts contracts quarter of fiscal 2017 compared to $45 million for the same period in TMCC - Consumer portfolio credit performance* fiscal 2016. The increase in the provision for credit losses for the first Net charge-offs as a percentage of average gross quarter of fiscal 2017 was due to higher default frequency and loss earning assets severity, and overall portfolio growth primarily in the lease portfolio. Aggregate balances for accounts 60 or more days • Our delinquencies increased to 0.32 percent for first quarter of fiscal past due as a percentage of gross earning assets 0.50% 2017 compared to 0.27 percent in the same period in fiscal 2016 as a result of higher consumer debt levels. The increase in our delinquencies from March 31, 2016 to June 30, 2016 reflects our 0.25% typical seasonal pattern for delinquency. ¹TFS market share represents the percentage of total domestic TMS sales of new Toyota, Lexus and Scion 0.00% vehicles financed by us, excluding sales under dealer rental car and commercial fleet programs and sales of a private Toyota distributor. Q1 FY2013Q1 FY2014Q1 FY2015Q1 FY2016Q1 FY2017 $ ^*TMCC consumer portfolio includes TMCC and its consolidated subsidiaries ( NORTH AMERICAN SHORT-TERM FUNDING PROGRAMS TMCC consolidated financial liabilities $100 comparison • Toyota Motor Credit Corporation (TMCC), Toyota Credit de Puerto Rico Corp. $90 Secured (TCPR), and Toyota Credit Canada Inc. (TCCI)† maintain direct relationships with 12.0 14.1 $80 notes & loans institutional commercial paper investors through its Sales & Trading team, providing $70 payable each access to a variety of domestic and global markets through three, distinct $60 3(a)(3) programs. Unsecured $50 52.8 53.5 Amount $40 notes & loans • Commercial paper outstanding under our commercial paper programs ranged payable $30 from approximately $26.4 billion to $29.2 billion during the quarter ended June 30, $20 Commercial 2016, with an average outstanding balance of $27.6 billion. As of June 30, 2016, 27.4 $10 26.9 Paper TMCC and TCPR commercial paper programs had a weighted average remaining $0 maturity of 85 days. 6/30/2015 6/30/2016 ^†TCCI and TMCC are subsidiaries of Toyota Financial Services Corporation, a wholly-owned subsidiary of Toyota Motor Corporation. ^*Figures above do not incorporate the Carrying Value Adjustments. ^‡TMCC consolidated financial liabilities include TMCC and its consolidated subsidiaries, which includes TCPR. LET’S GO PLACES In 2017, Toyota Financial Services plans to relocate its headquarters to Plano, Texas in order to join Toyota Motor Sales, U.S.A., Inc.; Toyota Motor Engineering & Manufacturing North America, Inc.; and Toyota Motor North America to create a single, state-of-the-art Toyota headquarters and pursue the One Toyota vision in North America. Please reference the Investor Relations section of toyotafinancial.com, for important information and filings. The Sales & Trading team engages in direct dialogue with institutional investors delivering a variety of fixed income products to meet our clients’ investment objectives and risk tolerances. We focus on providing simple, personal, and proactive service in the execution of all trades.

Sales and Trading Contacts Jeffrey DeSilva | Funding & Liquidity Analyst (310) 468-1366 jeffrey_DeSilva@toyota.com
Nicholas Ro | National Manager (310) 468-7758 nicholas_ro@toyota.com Alec Small | Funding & Liquidity Analyst (310) 468-7431 alec_small@toyota.com
Jason Katzen | Region Manager (310) 468-3509 jason_katzen@toyota.com Norman Brem | Funding & Liquidity Analyst (310) 468-6228 norman_brem@toyota.com

Forward looking statements are subject to risks and uncertainties that could cause actual results to fall short of current expectations. Toyota and its affiliates discuss these risks and uncertainties in filings they make with the Securities and Exchange Commission. This presentation does not constitute an offer to purchase any securities. Any offer or sale of securities will be made only by means of a prospectus and related documentation.