Interim report
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FY2027 First Quarter Consolidated Financial Results (All financial information has been prepared in accordance with IFRS Accounting Standards) English translation from the original Japanese-language document August 4, 2026 Company name : Toyota Motor Corporation Stock exchanges on which the shares are listed : Tokyo and Nagoya Stock Exchanges in Japan Code number : 7203 URL Representative : https://global.toyota/jp/ : Kenta Kon, President Contact person : Katsuhiro Mori, General Manager, Accounting Division Tel. (0565)28-2121 Payment date of cash dividends : － Supplemental materials prepared for financial results : yes Earnings announcement for financial results : yes (Amounts are rounded to the nearest million yen) 1. Consolidated Results for FY2027 First Quarter (April 1, 2026 through June 30, 2026) (1) Consolidated financial results (For the first quarter ended June 30) (% of change from previous first quarter) Sales revenues Operating income Income before income taxes Net income Net income attributable to Toyota Motor Corporation Comprehensive income Million yen % Million yen % Million yen % Million yen % Million yen % Million yen % FY2027 first quarter 13,525,400 10.4 1,063,473 -8.8 1,963,862 56.8 1,551,725 77.9 1,477,044 75.6 1,865,905 121.9 FY2026 first quarter 12,253,326 3.5 1,166,141 -10.9 1,252,152 -33.1 872,193 -36.0 841,345 -36.9 840,816 -61.7 Earnings per share attributable to Toyota Motor Corporation - Basic Earnings per share attributable to Toyota Motor Corporation - Diluted Yen Yen FY2027 first quarter 120.69 120.69 FY2026 first quarter 64.56 64.56 (2) Consolidated financial position Total assets Total shareholders' equity Toyota Motor Corporation shareholders' equity Ratio of Toyota Motor Corporation shareholders' equity Million yen Million yen Million yen % FY2027 first quarter 102,635,116 38,228,932 37,308,828 36.4 FY2026 105,522,331 41,020,068 39,918,854 37.8 2. Cash Dividends Annual cash dividends per common share End of first quarter End of second quarter End of third quarter Year-end Total Yen Yen Yen Yen Yen FY2026 － 45.00 － 50.00 95.00 FY2027 － FY2027 (forecast) 50.00 － 50.00 100.00 (Note) Revisions to the forecast of cash dividends since the latest announcement: none 3. Forecast of Consolidated Results for FY2027 (April 1, 2026 through March 31, 2027) (% of change from FY2026) Sales revenues Operating income Income before income taxes Net income attributable to Toyota Motor Corporation Earnings per share attributable to Toyota Motor Corporation - Basic Million yen % Million yen % Million yen % Million yen % Yen Full-year 54,000,000 6.5 3,400,000 -9.7 4,570,000 -11.3 3,250,000 -15.5 272.17 (Note) Revisions to the forecast of consolidated results since the latest announcement: yes
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Notes (1) Significant changes in the scope of consolidation during the period: yes Excluded: 70 companies (Hino Motors, Ltd. and its consolidated subsidiaries) (2) Changes in accounting policies and changes in accounting estimates (i) Changes in accounting policies required by IFRS Accounting Standards: none (ii) Changes other than (2)-(i) above: none (iii) Changes in accounting estimates: none (3) Number of shares issued and outstanding (common stock) (i) Number of shares issued and outstanding at the end of each period (including treasury stock): FY2027 first quarter 14,594,987,460 shares, FY2026 15,794,987,460 shares (ii) Number of treasury stock at the end of each period: FY2027 first quarter 2,753,153,800 shares, FY2026 2,761,602,986 shares (iii) Average number of shares issued and outstanding in each period: FY2027 first quarter 12,238,756,596 shares, FY2026 first quarter 13,032,932,250 shares (Note) Toyota Motor Corporation has adopted a share-based compensation plan using a Stock-Granting Employee Stock Ownership Plan (ESOP) Trust. Toyota Motor Corporation shares held by the Trust are included in both the number of shares of treasury stock at the end of the fiscal period, as well as the shares of treasury stock to be deducted when calculating the average number of shares during the period. Review of the Japanese-language originals of the attached condensed quarterly consolidated financial statements by certified public accountants or an audit firm: none Cautionary Statement with Respect to Forward-Looking Statements, and Other Information This report contains forward-looking statements that reflect the plans and expectations of Toyota Motor Corporation and its consolidated subsidiaries ("Toyota"). 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 Canadian dollar and the British pound, fluctuations in stock prices, 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 and regulations, as well as other government actions, in the markets in which Toyota operates that affect Toyota's operations, particularly laws, regulations and government actions relating to vehicle safety including remedial measures such as recalls, environmental protection, vehicle emissions and vehicle fuel economy, and tariffs and other trade policies, as well as 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, as well as information security; (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; (xiv) the impact of natural calamities, epidemics, political and economic instability, fuel shortages or interruptions in social infrastructure, wars, terrorism and labor strikes, including their negative effect on Toyota's vehicle production and sales; (xv) the impact of climate change and the transition towards a low-carbon economy; and (xvi) the ability of Toyota to hire or retain sufficient human resources. A discussion of these and other factors which may affect Toyota's actual results, performance, achievements or financial position is contained in Toyota Motor Corporation's annual report on Form 20-F, which is on file with the United States Securities and Exchange Commission. In order to convey top management's aspirations and the company's direction to all those whose lives are touched by Toyota, Toyota communicates what Toyota is really like through "Toyota Times." "Toyota Times" (https://toyotatimes.jp/en/)
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TOYOTA MOTOR CORPORATION FY2027 First Quarter Financial Summary TABLE OF CONTENTS Financial Results and Position......................................................................................................................................... 2 1. Consolidated Financial Results for FY2027 First Quarter........................................................................................... 2 2. Consolidated Financial Position for FY2027 First Quarter.......................................................................................... 4 Unaudited Condensed Quarterly Consolidated Financial Statements................................................................................. 5 1. Unaudited Condensed Quarterly Consolidated Statement of Financial Position........................................................ 5 2. Unaudited Condensed Quarterly Consolidated Statement of Income and Unaudi ted Condensed Quarterly Consolidated Statement of Comprehensive Income............................................... 7 3. Unaudited Condensed Quarterly Consolidated Statement of Changes in Equity........................................................ 9 4. Unaudited Condensed Quarterly Consolidated Statement of Cash Flows.................................................................. 10 5. Notes to Unaudited Condensed Quarterly Consolidated Financial Statements.......................................................... 11 (1) Going Concern Assumption................................................................................................................................. 11 (2) Segment Information........................................................................................................................................... 12 (3) Assets Held for Sale............................................................................................................................................ 15 Supplemental Material for Financial Results for FY2027 First Quarter 1
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TOYOTA MOTOR CORPORATION FY2027 First Quarter Financial Summary Financial Results and Position 1. Consolidated Financial Results for FY2027 First Quarter F inancial Results Consolidated vehicle unit sales in Japan and overseas decreased by 17 thousand units, or 0.7%, to 2,395 thousand units in FY2027 first quarter (the first quarter ended June 30, 2026) compared with FY2026 first quarter (the first quarter ended June 30, 2025). V ehicle unit sales in Japan increased by 43 thousand units, or 8.9%, to 524 thousand units in FY2027 first quarter compared with FY2026 first quarter. Meanwhile, overseas vehicle unit sales decreased by 60 thousand units, or 3.1%, to 1,870 thousand units in FY2027 first quarter compared with FY2026 first quarter. T he results of operations for FY2027 first quarter were as follows: Sales revenues 13,525.4 billion yen (an increase of 1,272.0 billion yen or 10.4% compared with FY2026 first quarter) Operating income 1,063.4 billion yen (a decrease of 102.6 billion yen or 8.8% compared with FY2026 first quarter) Income before income taxes 1,963.8 billion yen (an increase of 711.7 billion yen or 56.8% compared with FY2026 first quarter) Net income attributable to T oyota Motor Corporation 1,477.0 billion yen (an increase of 635.6 billion yen or 75.6% compared with FY2026 first quarter) T he changes in operating income were as follows: Marketing efforts a n increase of 70.0 billion yen Effects of changes in exchange rates an increase of 345.0 billion yen Cost reduction efforts a decrease of 85.0 billion yen Increase or decrease in expenses and expense reduction efforts a decrease of 190.0 billion yen Other a decrease of 242.6 billion yen 2
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TOYOTA MOTOR CORPORATION FY2027 First Quarter Financial Summary Segment Operating Results (1) Automotive: Sales revenues for the automotive operations increased by 973.1 billion yen, or 8.8%, to 12,012.7 billion yen in FY2027 first quarter compared with FY2026 first quarter. However, operating income decreased by 191.4 billion yen, or 21.0%, to 719.9 billion yen in FY2027 first quarter compared with FY2026 first quarter. The decrease in operating income was mainly due to the increase in expenses and others. (2) Financial services: Sales revenues for the financial services operations increased by 264.5 billion yen, or 23.3%, to 1,400.6 billion yen in FY2027 first quarter compared with FY2026 first quarter, and operating income increased by 53.4 billion yen, or 24.0%, to 275.6 billion yen in FY2027 first quarter compared with FY2026 first quarter . The increase in operating income was mainly due to increase in loan balance. (3) All other: Sales revenues for all other businesses increased by 127.0 billion yen, or 37.0%, to 469.9 billion yen in FY2027 first quarter compared with FY2026 first quarter, and operating income increased by 44.2 billion yen, or 118.0%, to 81.6 billion yen in FY2027 first quarter compared with FY2026 first quarter. Geographic Information (1) Japan: Sales revenues in Japan increased by 613.8 billion yen, or 11.8%, to 5,824.5 billion yen in FY2027 first quarter compared with FY2026 first quarter. However, operating income decreased by 104.9 billion yen, or 16.3%, to 540.1 billion yen in FY2027 first quarter compared with FY2026 first quarter . The decrease in operating income was mainly due to the increase in expenses and others. (2) North America: Sales revenues in North America increased by 791.5 billion yen, or 14.9%, to 6,105.7 billion yen in FY2027 first quarter compared with FY2026 first quarter, and operating income increased by 206.6 billion yen to 185.4 billion yen in FY2027 first quarter compared with FY2026 first quarter. The increase in operating income was mainly due to the decrease in expenses and expense reduction efforts. (3) Europe: Sales revenues in Europe increased by 318.2 billion yen, or 20.4%, to 1,879.8 billion yen in FY2027 first quarter compared with FY2026 first quarter, and operating income increased by 10.2 billion yen, or 10.6%, to 107.2 billion yen in FY2027 first quarter compared with FY2026 first quarter. The increase in operating income was mainly due to marketing efforts. (4) Asia: Sales revenues in Asia increased by 201.9 billion yen, or 9.5%, to 2,336.3 billion yen in FY2027 first quarter compared with FY2026 first quarter. However, operating income decreased by 7.4 billion yen, or 3.4%, to 208.3 billion yen in FY2027 first quarter compared with FY2026 first quarter. The decrease in operating income was mainly due to the increase in expenses and others. (5) Other (Central and South America, Oceania, Africa and the Middle East): Sales revenues in other regions increased by 144.7 billion yen, or 12.8%, to 1,272.1 billion yen in FY2027 first quarter compared with FY2026 first quarter. However, operating income decreased by 1.5 billion yen, or 1.6%, to 92.5 billion yen in FY2027 first quarter compared with FY2026 first quarter. The decrease in operating income was mainly due to the effects of marketing activities. 3
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TOYOTA MOTOR CORPORATION FY2027 First Quarter Financial Summary 2. Consolidated Financial Position for FY2027 First Quarter Financial Position The financial position for FY2027 first quarter was as follows: Total assets decreased by 2,887.2 billion yen, or 2.7%, to 102,635.1 billion yen at the end of FY2027 first quarter compared with the end of FY2026. Liabilities decreased by 96.0 billion yen, or 0.1%, to 64,406.1 billion yen at the end of FY2027 first quarter compared with the end of FY2026. Shareholders' equity decreased by 2,791.1 billion yen, or 6.8%, to 38,228.9 billion yen at the end of FY2027 first quarter compared with the end of FY2026. Overview of Cash Flow Cash and cash equivalents decreased by 2,316.5 billion yen, or 18.3%, to 10,343.0 billion yen at the end of FY2027 first quarter compared with the end of FY2026. The increases or decreases for each cash flow activity compared with the previous fiscal year are as follows: Cash flows from operating activities Net cash flows from operating activities resulted in an increase in cash by 536.5 billion yen for FY2027 first quarter. Net cash provided by operating activities decreased by 1,339.9 billion yen from 1,876.4 billion yen for FY2026 first quarter. Cash flows from investing activities Net cash flows from investing activities resulted in an increase in cash by 1,427.4 billion yen for FY2027 first quarter. Net cash provided by investing activities increased by 3,229.4 billion yen from 1,802.0 billion yen net cash used for FY 2026 first quarter. Cash flows from financing activities Net cash flows from financing activities resulted in a decrease in cash by 4,339.0 billion yen for FY2027 first quarter. Net cash used in financing activities increased by 3,535.8 billion yen from 803.2 billion yen for FY2026 first quarter. 4
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TOYOTA MOTOR CORPORATION FY2027 First Quarter Financial Summary Unaudited Condensed Quarterly Consolidated Financial Statements 1. Unaudited Condensed Quarterly Consolidated Statement of Financial Position Yen in millions March 31, 2026 June 30, 2026 Assets Current assets Cash and cash equivalents 12,659,622 10,343,085 Trade accounts and other receivables 3,795,986 4,019,645 Receivables related to financial services 13,478,474 14,086,337 Other financial assets 3,982,445 3,007,476 Inventories 5,134,996 5,469,806 Income tax receivable 235,425 235,285 Other current assets 1,520,330 1,560,257 Subtotal 40,807,277 38,721,891 Assets held for sale 2,016,804 130,922 Total current assets 42,824,081 38,852,813 Non-current assets Investments accounted for using the equity method 5,342,548 5,539,499 Receivables related to financial services 25,488,182 26,205,839 Other financial assets 11,135,799 11,050,857 Property, plant and equipment Land 1,351,625 1,363,545 Buildings 6,284,907 6,637,925 Machinery and equipment 17,509,377 17,683,383 Vehicles and equipment on operating leases 9,705,647 9,997,684 Construction in progress 1,719,808 1,530,026 Total property, plant and equipment, at cost 36,571,364 37,212,563 Less - Accumulated depreciation and impairment losses (19,504,000) (19,856,144) Total property, plant and equipment, net 17,067,365 17,356,419 Right of use assets 901,232 881,373 Intangible assets 1,392,755 1,367,455 Deferred tax assets 555,596 588,659 Other non-current assets 814,773 792,202 Total non-current assets 62,698,250 63,782,303 Total assets 105,522,331 102,635,116 5
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TOYOTA MOTOR CORPORATION FY2027 First Quarter Financial Summary Yen in millions March 31, 2026 June 30, 2026 Liabilities Current liabilities Trade accounts and other payables 5,856,945 5,683,767 Short-term and current portion of long-term debt 17,581,104 17,868,651 Accrued expenses 2,112,571 2,173,335 Other financial liabilities 2,384,008 2,490,327 Income taxes payable 711,675 509,014 Liabilities for quality assurance 2,097,943 2,141,815 Provisions 431,191 572,113 Other current liabilities 1,735,034 1,799,672 Subtotal 32,910,472 33,238,696 Liabilities directly associated with assets held for sale 694,547 － Total current liabilities 33,605,019 33,238,696 Non-current liabilities Long-term debt 25,624,365 26,084,517 Other financial liabilities 1,157,413 1,182,869 Retirement benefit liabilities 1,022,483 1,000,738 Deferred tax liabilities 1,584,505 1,313,465 Provisions 498,463 544,665 Other non-current liabilities 1,010,015 1,041,234 Total non-current liabilities 30,897,244 31,167,489 Total liabilities 64,502,263 64,406,184 Shareholders' equity Common stock 397,050 397,050 Additional paid-in capital 456,742 366,736 Retained earnings 38,709,858 37,623,983 Other components of equity 4,544,019 4,568,158 Other comprehensive income associated with assets held for sale 266,596 － Treasury stock (4,455,410) (5,647,099) Total Toyota Motor Corporation shareholders' equity 39,918,854 37,308,828 Non-controlling interests 1,101,214 920,104 Total shareholders' equity 41,020,068 38,228,932 Total liabilities and shareholders' equity 105,522,331 102,635,116 6
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TOYOTA MOTOR CORPORATION FY2027 First Quarter Financial Summary 2. Unaudited Condensed Quarterly Consolidated Statement of Income and Unaudited Condensed Quarterly Consolidated Statement of Comprehensive Income Unaudited Condensed Quarterly Consolidated Statement of Income Yen in millions For the first quarter ended June 30, 2025 For the first quarter ended June 30, 2026 Sales revenues Sales of products 11,129,393 12,142,263 Financial services 1,123,933 1,383,137 Total sales revenues 12,253,326 13,525,400 Costs and expenses Cost of products sold 9,337,703 10,185,856 Cost of financial services 719,810 901,297 Selling, general and administrative 1,029,672 1,374,774 Total costs and expenses 11,087,185 12,461,927 Operating income 1,166,141 1,063,473 Share of profit (loss) of investments accounted for using the equity method 141,044 210,685 Other finance income 153,721 850,594 Other finance costs (6,211) (285,617) Foreign exchange gain (loss), net (212,375) 112,378 Other income (loss), net 9,832 12,348 Income before income taxes 1,252,152 1,963,862 Income tax expense 379,959 412,136 Net income 872,193 1,551,725 Net income attributable to Toyota Motor Corporation 841,345 1,477,044 Non-controlling interests 30,848 74,681 Net income 872,193 1,551,725 Yen Earnings per share attributable to Toyota Motor Corporation Basic 64.56 120.69 Diluted 64.56 120.69 7
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TOYOTA MOTOR CORPORATION FY2027 First Quarter Financial Summary Unaudited Condensed Quarterly Consolidated Statement of Comprehensive Income Yen in millions For the first quarter ended June 30, 2025 For the first quarter ended June 30, 2026 Net income 872,193 1,551,725 Other comprehensive income, net of tax Items that will not be reclassified to profit (loss) Net changes in revaluation of financial assets measured at fair value through other comprehensive income 126,109 291,475 Remeasurements of defined benefit plans (2,557) (2,916) Share of other comprehensive income of equity method investees (16,119) (29,063) Total of items that will not be reclassified to profit (loss) 107,432 259,496 Items that may be reclassified subsequently to profit (loss) Exchange differences on translating foreign operations (110,435) 31,635 Net changes in revaluation of financial assets measured at fair value through other comprehensive income 39,342 (21,021) Share of other comprehensive income of equity method investees (67,717) 44,070 Total of items that may be reclassified subsequently to profit (loss) (138,809) 54,684 Total other comprehensive income, net of tax (31,377) 314,180 Comprehensive income 840,816 1,865,905 Comprehensive income for the period attributable to Toyota Motor Corporation 806,064 1,784,912 Non-controlling interests 34,752 80,993 Comprehensive income 840,816 1,865,905 8
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TOYOTA MOTOR CORPORATION FY2027 First Quarter Financial Summary 3. Unaudited Condensed Quarterly Consolidated Statement of Changes in Equity For the first quarter ended June 30, 2025 Yen in millions Common stock Additional paid-in capital Retained earnings Other components of equity Treasury stock Toyota Motor Corporation shareholders' equity Non- controlling interests Total shareholders' equity Balances at April 1, 2025 397,050 492,368 35,841,218 3,610,133 (4,415,943) 35,924,826 954,088 36,878,913 Comprehensive income Net income － － 841,345 － － 841,345 30,848 872,193 Other comprehensive income, net of tax － － － (35,281) － (35,281) 3,904 (31,377) Total comprehensive income － － 841,345 (35,281) － 806,064 34,752 840,816 Transactions with owners and other Dividends paid － － (652,446) － － (652,446) (33,316) (685,763) Repurchase of treasury stock － － － － (39,953) (39,953) － (39,953) Reissuance of treasury stock － 752 － － 1,113 1,866 － 1,866 Equity transactions and other － (152) － － － (152) (2,674) (2,826) Total transactions with owners and other － 600 (652,446) － (38,840) (690,687) (35,990) (726,677) Reclassification to retained earnings － － 86,336 (86,336) － － － － Balances at June 30, 2025 397,050 492,968 36,116,452 3,488,516 (4,454,783) 36,040,203 952,849 36,993,052 For the first quarter ended June 30, 2026 Yen in millions Common stock Additional paid-in capital Retained earnings Other components of equity Other comprehensive income associated with assets held for sale Treasury stock Toyota Motor Corporation shareholders' equity Non- controlling interests Total shareholders' equity Balances at April 1, 2026 397,050 456,742 38,709,858 4,544,019 266,596 (4,455,410) 39,918,854 1,101,214 41,020,068 Comprehensive income Net income － － 1,477,044 － － － 1,477,044 74,681 1,551,725 Other comprehensive income, net of tax (Note 1) － － － 307,868 － － 307,868 6,312 314,180 Total comprehensive income － － 1,477,044 307,868 － － 1,784,912 80,993 1,865,905 Transactions with owners and other Dividends paid － － (651,697) － － － (651,697) (25,281) (676,978) Repurchase of treasury stock － － － － － (3,656,884) (3,656,884) － (3,656,884) Reissuance of treasury stock － 587 － － － 1,703 2,290 － 2,290 Retirement of treasury stock (Note 3) － (1,945) (2,461,547) － － 2,463,492 － － － Equity transactions and other (Note 1,2) － (88,648) － － － － (88,648) (236,821) (325,470) Total transactions with owners and other － (90,006) (3,113,244) － － (1,191,689) (4,394,939) (262,103) (4,657,041) Reclassification to retained earnings (Note 1) － － 550,324 (550,324) － － － － － Transfer from other comprehensive income associated with assets held for sale (Note 1) － － － 266,596 (266,596) － － － － Balances at June 30, 2026 397,050 366,736 37,623,983 4,568,158 － (5,647,099) 37,308,828 920,104 38,228,932 (Note 1) The change primarily includes the impact of the disposition of shares in Toyota Industries Corporation and the deconsolidation of Hino Motors, Ltd. (Note 2) The change primarily includes the impact of the acquisition of shares in Toyota Motor Hamura, Inc. (Note 3) The change includes a reclassification from retained earnings to additional paid-in capital. 9
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TOYOTA MOTOR CORPORATION FY2027 First Quarter Financial Summary 4. Unaudited Condensed Quarterly Consolidated Statement of Cash Flows Yen in millions For the first quarter ended June 30, 2025 For the first quarter ended June 30, 2026 Cash flows from operating activities Net income 872,193 1,551,725 Depreciation and amortization 551,824 642,139 Interest income and interest costs related to financial services, net (190,179) (219,832) Share of profit (loss) of investments accounted for using the equity method (141,044) (210,685) Income tax expense 379,959 412,136 Changes in operating assets and liabilities, and other 138,032 (1,431,911) Interest received 657,480 740,486 Dividends received 275,451 283,339 Interest paid (357,368) (401,412) Income taxes paid, net of refunds (309,868) (829,435) Net cash provided by (used in) operating activities 1,876,481 536,551 Cash flows from investing activities Additions to fixed assets excluding equipment leased to others (503,807) (497,447) Additions to equipment leased to others (669,737) (736,856) Proceeds from sales of fixed assets excluding equipment leased to others 5,635 6,724 Proceeds from sales of equipment leased to others 352,182 411,659 Additions to intangible assets (69,378) (71,229) Additions to public and corporate bonds and stocks (497,457) (1,377,602) Proceeds from sales of public and corporate bonds and stocks and upon maturity of public and corporate bonds 888,821 3,188,917 Other, net (1,308,261) 503,290 Net cash provided by (used in) investing activities (1,802,002) 1,427,456 Cash flows from financing activities Increase (decrease) in short-term debt 40,352 2,179 Proceeds from long-term debt 3,080,551 3,550,204 Payments of long-term debt (3,197,589) (3,406,472) Dividends paid to Toyota Motor Corporation common shareholders (652,446) (651,697) Dividends paid to non-controlling interests (33,316) (25,281) Repurchase of treasury stock (39,953) (3,656,884) Other, net (882) (151,147) Net cash provided by (used in) financing activities (803,284) (4,339,099) Effect of exchange rate changes on cash and cash equivalents (42,743) 58,556 Net increase (decrease) in cash and cash equivalents (771,548) (2,316,536) Cash and cash equivalents at beginning of period 8,982,404 12,659,622 Cash and cash equivalents at end of period 8,210,856 10,343,085 10
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TOYOTA MOTOR CORPORATION FY2027 First Quarter Financial Summary 5. Notes to Unaudited Condensed Quarterly Consolidated Financial Statements (1) Going Concern Assumption None 11
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TOYOTA MOTOR CORPORATION FY2027 First Quarter Financial Summary (2) Segment Information (ⅰ) Outline of reporting segments The operating segments reported below are the segments of Toyota for which separate financial information is available and for which operating income/loss amounts are evaluated regularly by executive management in deciding how to allocate resources and in assessing performance. The major portions of Toyota's operations on a worldwide basis are derived from the Automotive and Financial services business segments. The Automotive segment designs, manufactures and distributes sedans, minivans, compact cars, SUVs, trucks and related parts and accessories. The Financial services segment consists primarily of financing and vehicle leasing operations to assist in the merchandising of Toyota's products as well as other products. The All other segment includes telecommunications and other businesses. (ⅱ) Segment operating results For the first quarter ended June 30, 2025: Yen in millions Automotive Financial services All other Inter-segment Elimination/ Unallocated Amount Consolidated Sales revenues Revenues from external customers 10,983,969 1,123,933 145,425 － 12,253,326 Inter-segment revenues and transfers 55,694 12,176 197,465 (265,335) － Total 11,039,662 1,136,108 342,890 (265,335) 12,253,326 Operating expenses 10,128,243 913,853 305,424 (260,335) 11,087,185 Operating income 911,419 222,255 37,466 (5,000) 1,166,141 For the first quarter ended June 30, 2026: Yen in millions Automotive Financial services All other Inter-segment Elimination/ Unallocated Amount Consolidated Sales revenues Revenues from external customers 11,958,132 1,383,137 184,131 － 13,525,400 Inter-segment revenues and transfers 54,640 17,533 285,785 (357,958) － Total 12,012,773 1,400,669 469,916 (357,958) 13,525,400 Operating expenses 11,292,847 1,125,005 388,237 (344,161) 12,461,927 Operating income 719,926 275,665 81,679 (13,796) 1,063,473 Accounting policies applied by each segment are in conformity with those of Toyota's condensed quarterly consolidated financial statements. Transfers between industry segments are made at individually negotiated prices. 12
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TOYOTA MOTOR CORPORATION FY2027 First Quarter Financial Summary (ⅲ) Geographic information For the first quarter ended June 30, 2025: Yen in millions Japan North America Europe Asia Other Inter-segment Elimination/ Unallocated Amount Consolidated Sales revenues Revenues from external customers 2,551,657 5,228,248 1,510,183 1,875,849 1,087,389 － 12,253,326 Inter-segment revenues and transfers 2,659,081 86,031 51,438 258,542 40,072 (3,095,164) － Total 5,210,738 5,314,279 1,561,621 2,134,391 1,127,461 (3,095,164) 12,253,326 Operating expenses 4,565,678 5,335,443 1,464,655 1,918,661 1,033,409 (3,230,661) 11,087,185 Operating income (loss) 645,060 (21,164) 96,966 215,730 94,052 135,497 1,166,141 For the first quarter ended June 30, 2026: Yen in millions Japan North America Europe Asia Other Inter-segment Elimination/ Unallocated Amount Consolidated Sales revenues Revenues from external customers 2,571,762 6,020,893 1,822,326 1,859,524 1,250,894 － 13,525,400 Inter-segment revenues and transfers 3,252,826 84,890 57,534 476,793 21,270 (3,893,312) － Total 5,824,588 6,105,783 1,879,861 2,336,317 1,272,164 (3,893,312) 13,525,400 Operating expenses 5,284,453 5,920,308 1,772,628 2,128,011 1,179,637 (3,823,109) 12,461,927 Operating income 540,135 185,475 107,233 208,306 92,527 (70,203) 1,063,473 "Other" consists of Central and South America, Oceania, Africa and the Middle East. The above amounts are aggregated by region based on the location of the country where Toyota Motor Corporation or consolidated subsidiaries are located. Transfers between geographic areas are made at individually negotiated prices. 13
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TOYOTA MOTOR CORPORATION FY2027 First Quarter Financial Summary (ⅳ) Sales revenues by location of external customers Yen in millions For the first quarter ended June 30, 2025 2026 Japan 1,870,520 1,922,090 North America 5,241,642 6,045,746 Europe 1,486,619 1,798,376 Asia 1,847,204 1,998,731 Other 1,807,341 1,760,456 Total 12,253,326 13,525,400 "Other" consists of Central and South America, Oceania, Africa and the Middle East, etc. 14
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TOYOTA MOTOR CORPORATION FY2027 First Quarter Financial Summary (3) Assets Held for Sale Toyota has reclassified part of its holdings of ARCHION CORPORATION ("ARCHION") shares as held for sale and presented them as assets held for sale at the end of FY2027 first quarter, because the secondary offering of common stock was approved by ARCHION and the planned sale of part of the ARCHION shares held by Toyota are expected to be completed in the year ending March 31, 2027. 15
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Supplemental Material for Financial Results for FY2027 First Quarter (Consolidated) < IFRS > FY2026 FY2027 FY2027 Forecast 1Q 2Q 3Q 4Q 12 months 1Q 12 months (2025/4-6) (2025/7-9) (2025/10-12) (2026/1-3) ('25/4-'26/3) (2026/4-6) ('26/4-'27/3) 2,301 2,321 2,362 2,309 9,293 2,355 (Note 1) 994 1,013 1,076 1,065 4,149 1,023 [Daihatsu & Hino] [ 210 ] [ 211 ] [ 242 ] [ 243 ] [ 907 ] [ 195 ] 1,306 1,308 1,286 1,243 5,144 1,332 [Daihatsu & Hino] [ 86 ] [ 101 ] [ 111 ] [ 105 ] [ 404 ] [ 105 ] North America 557 524 511 458 2,050 550 Europe 197 185 217 216 815 194 Asia 423 466 459 455 1,802 454 Central and South America 101 97 66 78 342 107 Africa 30 37 33 36 135 27 2,411 2,372 2,519 2,293 9,595 2,395 9,700 (Note 1) 481 488 546 565 2,082 524 2,070 [Daihatsu & Hino] [ 130 ] [ 134 ] [ 148 ] [ 158 ] [ 570 ] [ 118 ] [ 500 ] 1,930 1,883 1,972 1,728 7,513 1,870 7,630 [Daihatsu & Hino] [ 48 ] [ 48 ] [ 53 ] [ 54 ] [ 203 ] [ 39 ] [ 150 ] North America 794 739 784 616 2,934 792 3,020 Europe 298 275 308 302 1,183 307 1,220 Asia 421 432 471 434 1,759 439 1,780 Central and South America 129 132 103 110 475 139 550 Oceania 78 76 73 61 289 68 310 Africa 60 77 69 68 275 61 280 Middle East 147 151 161 134 594 63 470 Other 2 1 1 1 5 1 2,829 2,814 2,964 2,677 11,283 2,714 11,180 (Note 1) Total Retail Unit Sales (thousands of units) [Toyota, Daihatsu and Hino] Vehicle Production (thousands of units) (Japan) - including Daihatsu & Hino (Overseas) - including Daihatsu & Hino (Japan) - including Daihatsu & Hino (Overseas) - including Daihatsu & Hino Vehicle Sales (thousands of units) Supplemental 1
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Supplemental Material for Financial Results for FY2027 First Quarter (Consolidated) < IFRS > FY2026 FY2027 FY2027 Forecast 1Q 2Q 3Q 4Q 12 months 1Q 12 months (2025/4-6) (2025/7-9) (2025/10-12) (2026/1-3) ('25/4-'26/3) (2026/4-6) ('26/4-'27/3) 145 147 154 157 151 160 164 172 179 184 175 185 (Note 2) 12,253.3 12,377.4 13,456.8 12,597.3 50,684.9 13,525.4 Japan 5,210.7 5,302.5 5,812.3 5,748.4 22,074.1 5,824.5 North America 5,314.2 5,154.2 5,676.8 4,934.2 21,079.6 6,105.7 Europe 1,561.6 1,584.8 1,798.7 1,755.9 6,701.1 1,879.8 Asia 2,134.3 2,317.1 2,481.7 2,338.0 9,271.3 2,336.3 Other 1,127.4 1,199.7 1,161.3 1,270.4 4,758.9 1,272.1 Elimination -3,095.1 -3,181.1 -3,474.1 -3,449.9 -13,200.4 -3,893.3 Business Segment Automotive 11,039.6 11,060.8 12,072.7 11,244.4 45,417.7 12,012.7 Financial Services 1,136.1 1,194.2 1,257.0 1,269.7 4,857.1 1,400.6 All Other 342.8 392.9 432.3 483.2 1,651.4 469.9 Elimination -265.3 -270.6 -305.2 -400.0 -1,241.2 -357.9 1,166.1 839.5 1,191.0 569.4 3,766.2 1,063.4 3,400.0 ( 9.5 ) ( 6.8 ) ( 8.9 ) ( 4.5 ) ( 7.4 ) ( 7.9 ) ( 6.3 ) Geographic Information Japan 645.0 472.1 679.3 524.5 2,321.0 540.1 North America -21.1 -46.7 162.8 -287.5 -192.5 185.4 Europe 96.9 103.7 123.9 33.0 357.7 107.2 Asia 215.7 228.5 190.7 234.7 869.8 208.3 Other 94.0 107.8 56.2 70.7 328.9 92.5 Elimination 135.4 -26.0 -22.1 -6.1 81.1 -70.2 Business Segment Automotive 911.4 574.0 934.9 356.6 2,777.0 719.9 Financial Services 222.2 228.2 212.9 188.3 851.7 275.6 All Other 37.4 31.3 46.8 16.3 132.0 81.6 Elimination -5.0 5.8 -3.7 8.1 5.3 -13.7 141.0 131.5 165.2 114.8 552.7 210.6 580.0 1,252.1 1,225.9 1,710.3 964.5 5,152.9 1,963.8 4,570.0 ( 10.2 ) ( 9.9 ) ( 12.7 ) ( 7.7 ) ( 10.2 ) ( 14.5 ) ( 8.5 ) 841.3 932.0 1,257.4 817.2 3,848.0 1,477.0 3,250.0 ( 6.9 ) ( 7.5 ) ( 9.3 ) ( 6.5 ) ( 7.6 ) ( 10.9 ) ( 6.0 ) ― 586.5 ― 651.6 1,238.2 ― (Note 3) Cash Dividends per Share (yen) ― 45 ― 50 95 ― 100 Payout Ratio (%) ― 33.0 ― 31.4 32.1 ― 36.7 39.9 ― ― ― 39.9 3,656.8 (Note 4) ― ― ― 3,656.8 3,656.8 1,000.0 (Note 4) (Note 5) 390,241389,144 Value of Shares Repurchased (billions of yen)[actual purchase] (Operating Income Ratio) (%) Operating Income (billions of yen) Share of Profit (Loss) of Investments Accounted for Using the Equity Method (billions of yen) Value of Shares Repurchased (billions of yen)[based on resolution] Yen to US Dollar Rate Yen to Euro Rate Sales Revenues (billions of yen) Geographic Information Number of Employees Foreign Exchange Rates Income before Income Taxes (billions of yen) Net Income Attributable toToyota Motor Corporation (billions of yen) (Income before Income Taxes Ratio) (%) Dividends (Net Income Ratio) (%) Cash Dividends (billions of yen) Number of Outstanding Shares (thousands) 15,794,987 15,794,987 14,594,987 as premise: 160 as premise: 181 54,000.0 390,024 390,927 15,794,987 15,794,987 367,990390,927 15,794,987 Supplemental 2
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Supplemental Material for Financial Results for FY2027 First Quarter (Consolidated) < IFRS > FY2026 FY2027 FY2027 Forecast 1Q 2Q 3Q 4Q 12 months 1Q 12 months (2025/4-6) (2025/7-9) (2025/10-12) (2026/1-3) ('25/4-'26/3) (2026/4-6) ('26/4-'27/3) 355.8 354.4 372.9 439.5 1,522.8 383.2 1,600.0 (Note 6) 327.5 344.3 360.6 386.3 1,418.9 377.8 1,650.0 (Note 7) Japan 143.5 155.5 164.2 179.0 642.4 163.6 North America 108.7 109.4 112.3 118.2 448.8 119.3 Europe 23.3 25.9 28.9 28.1 106.4 28.7 Asia 42.7 43.1 44.4 46.7 177.1 50.6 Other 9.2 10.1 10.6 14.1 44.1 15.4 392.4 530.4 594.2 873.4 2,390.6 410.5 2,300.0 (Note 7) Japan 193.8 254.4 249.1 401.7 1,099.2 199.8 North America 125.4 165.2 165.4 215.8 671.9 105.6 Europe 18.8 17.5 30.0 43.9 110.2 33.4 Asia 28.5 62.1 114.2 159.2 364.2 42.3 Other 25.8 31.0 35.3 52.6 144.8 29.0 17,016.3 17,709.5 18,005.8 17,418.0 17,418.0 14,727.6 (Note 8) 10.1 3.9 602 159 Analysis of Consolidated Net Income Attributable to Toyota Motor Corporation for FY2027 1Q (billions of yen, approximately) (2026/4-6) Marketing Efforts 70.0 Effects of Changes in Exchange Rates 345.0 Cost Reduction Efforts -85.0 From Engineering -90.0 From Manufacturing and Logistics 5.0 -190.0 Other -242.6 (Changes in Operating Income) -102.6 Non-operating Income 814.3 69.6 760.1 635.6 (Note 1) FY2026 actual results include Hino-brand vehicles (vehicle production: 109 thousand of vehicles; vehicle sales: 104 thousands of vehicles; total retail unit sales: 109 thousands of vehicles). (Note 1) FY2027 actual results and forecast do not include Hino-brand vehicles (vehicle production and vehicle sales, however, include a portion of Hino-brand vehicles manufactured by Toyota`s consolidated subsidiaries). (Note 2) Shows the number of employees as of the end of each period (excluding loan employees from Toyota to outside Toyota and including loan employees from outside Toyota to Toyota) (Note 3) 2Q= Interim Dividend, 4Q= Year-end Dividend, FY= Annual Dividend (Note 4) Excluding shares constituting less than one unit that were purchased upon request and the commission fees incurred for the repurchase (Note 5) States the maximum value of shares resolved to be repurchased if before the completion of the repurchase period, or the actual purchase price of shares repurchased pursuant to that resolution if after the completion of the repurchase period. (Note 6) Figures for R&D expenses are R&D activity related expenditures incurred during the reporting period and do not conform to "R&D Expenses" on Toyota's Consolidated Statement of Income (Note 7) Figures for depreciation expenses and capital expenditures do not include vehicles in operating lease or right of use assets (Note 8) Cash and cash equivalents, time deposits, public and corporate bonds and its investment in monetary trust funds, excluding in each case those relating to financial services Geographic Information Depreciation Expenses (billions of yen) Geographic Information Total Assets (billions of yen) Total Liquid Assets (billions of yen) (Changes in Net Income Attributable to Toyota Motor Corporation) Increase or Decrease in Expenses and Expense Reduction Efforts Share of Profit (Loss) of Investments Accounted for Using the Equity Method Income tax expense, Net Income Attributable to Non-controlling Interests Number of Associates and Joint Ventures Accounted for Using the Equity Method Number of Consolidated Subsidiaries (including Structured Entities) R&D Expenses (billions of yen) Capital Expenditures (billions of yen) Return on Equity (%) Return on Asset (%) Toyota Motor Corporation Shareholders' Equity (billions of yen) 105,522.393,468.1 102,344.5 38,974.6 102,635.1 37,308.837,492.1 39,918.8 97,574.8 105,522.3 39,918.836,040.2 Cautionary Statement with Respect to Forward-Looking Statements 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 fr om 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 environ ment 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 Canadian dollar and the British pound, fluctuations in stock prices, 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) cha nges in the laws and regulations, as well as other government actions, in the markets in which Toyota operates that affect Toyota 's operations, particularly laws, regulations and government actions relating to vehicle safety including remedial measures such as recalls, environmental protection, vehicle emissions and vehicle fuel economy, and tariffs and other trade policies, as well as current and future l itigation and other legal proceedings, government proceedings and investigations; (vii) political and economic instability in the markets in whic h 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 p rices of raw materials; (xii) Toyota's reliance on various digital and information technologies, as well as information security; (xiii) f uel shortages or interruptions in electricity, transportation systems, labor strikes, work stoppages or other interruptions to, or difficultie s 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; (xiv) the impact of natural calamities, epidemics, political and economic instabi lity, fuel shortages or interruptions in social infrastructure, wars, terrorism and labor strikes, including their negative effect on Toyota's veh icle production and sales; (xv) the impact of climate change and the transition towards a low-carbon economy; and (xvi) the ability of Toyota to hire or retain sufficient human resources. A discussion of these and other factors which may affect Toyota's actual results, performance, achievements or financial posi tion is contained in Toyota Motor Corporation's annual report on Form 20-F, which is on file with the United States Securities and Exchange Commission. Supplemental 3