#1A GRE GR COROLLA FY2022 Financial Results Toyota Motor Corporation May 11, 2022#2TOYOTA Cautionary Statement with Respect to Forward-Looking Statements and Caution concerning Insider Trading This presentation 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 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 Russian ruble, 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, regulations and government policies in the markets in which Toyota operates that affect Toyota's automotive operations, particularly laws, regulations and government policies relating to vehicle safety including remedial measures such as recalls, trade, environmental protection, vehicle emissions and vehicle fuel economy, as well as changes in laws, regulations and government policies that affect Toyota's other operations, including the outcome of 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; (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; and (xiv) the impact of natural calamities as well as the outbreak and spread of epidemics, including the negative effect on Toyota's vehicle production and sales. A discussion of these and other factors which may affect Toyota's actual results, performance, achievements or financial position is contained in Toyota's annual report on Form 20-F, which is on file with the United States Securities and Exchange Commission. Caution concerning Insider Trading Under Japanese securities laws and regulations (the "Regulations"), subject to certain exceptions, any person who receives certain material information relating to the business, etc. of Toyota which may be contained in this document is prohibited from trading in Toyota's shares or certain other transactions related to such shares (as set forth in the Regulations) until such material information is deemed to be made public. Under the Regulations, material information is deemed to be made public when (i) such material information is notified to a stock exchange and is disclosed by ways of electromagnetic means as prescribed by the ordinance of the Cabinet Office (posting on the TDnet (Timely Disclosure Network) information service) or (ii) twelve (12) hours have elapsed since a listed company, such as Toyota, disclosed such material information to at least two (2) media sources as prescribed by the Regulations. 2#3Summary of Fiscal Year Ended March 2022 - Result Operating income 2,995.6 billion yen - TOYOTA Under the production constraints due to the spread of COVID-19 and semiconductor shortages, dealers, suppliers, and production sites worked tirelessly in order to deliver as many cars as possible to customers. - Despite soaring material prices and increase in expenses for the investment in new business fields, we achieved growth in revenue and profit due to cost reduction and marketing efforts. ⇒ Improvement of our revenue structure, which we have been working on for a long time, towards one that is not dependent on foreign exchange rates and volumes Forecast: Operating income 2,400.0 billion yen Having safety and security as our top priority, we have reconsidered our production volume assumption to an appropriate level (Toyota & Lexus 9,700 thousand units) - We expect a decrease in our operating income due to unprecedented increases in materials and logistics costs. However, we will continue with our future investments and promote our various activities. Return to Shareholders - Year-end dividend of 28 yen per share (+1 yen from previous year), and maintaining a steady increase - Share repurchases will be 200 billion yen (maximum), including 100 billion yen set aside to enable more flexible share repurchase than before while considering share price levels. 3#4FY2022 Financial Performance TOYOTA 4#5Consolidated Vehicle Sales (thousands of vehicles) 10,000 8,955 TOYOTA 7,646 8,230 107.6% 8,000 2,240 1,924 90.5% 2,125 6,000 2,394 103.5% 2,713 4,000 2,313 1,017 106.0% 1,029 Japan N. America Europe Asia Other 959 2,000 1,543 126.3% 1,600 1,222 Central and South America, 1,027 1,352 131.7% 1,372 0 Oceania, Africa, The Middle East, etc. '20.4-'21.3 '21.4-'22.3 YoY (Ref.) '19.4-'20.3 Reference (retail) Toyota and Lexus Vehicle Sales Electrified Vehicle [%] 9,087 9,512 104.7% 9,466 2,155 [23.7%] 2,703 [28.4%] 125.4% 1,919 [20.3%] HEV 2,087 2,565 122.9% 1,858 PHEV 59 116 195.7% 58 BEV 6 16 285.7% FCEV 3 5 161.7% 2 Total Retail Vehicle Sales 9,920 10,381 104.7% 10,457 5#6Consolidated Financial Summary TOYOTA '20.4-'21.3 '21.4-'22.3 Change (Ref.) '19.4-20.3 (billions of yen) Sales Revenues Operating Income 27,214.5 31.379.5 +4,164.9 29,866.5 2,197.7 2,995.6 +797.9 2,399.2 Margin Other Income Share of Profit (Loss) of Investments Accounted for Using the Equity Method 8.1% 9.5% 8.0% 734.6 994.8 +260.2 393.7 * 1 351.0 560.3 +209.3 310.2 Income before Income Taxes 2,932.3 3,990.5 +1,058.1 2,792.9 Net Income Attributable to Toyota Motor Corporation Margin 2,245.2 2,850.1 +604.8 2,036.1 8.3% 9.1% 6.8% US $ FOREX Rates € +6 yen 112 yen 106 yen +7 yen 131 yen 124 yen *1 Regarding Japan: 305.3 (+126.2 year on year), China: 234.3 (+63.8 year on year), Other: 20.6 (+19.1 year on year) 109 yen 121 yen 6#7Analysis of Consolidated Operating Income (billions of yen) Excluding the overall impact of foreign exchange rates and swap valuation gains/losses, etc.: +280.0 2,197.7 '20.4-'21.3 106 yen/US$ 124 yen/ € リ +610.0 Effects of FOREX -360.0 Cost Reduction Efforts Rates *1 -220.0 Increase or Decrease in -92.1 Other *4 +860.0 Expenses and Expense Reduction Efforts *3 Marketing Efforts *2 Which includes: Soaring materials prices -640.0 Cost Reduction +280.0 Operating Income: +797.9 TOYOTA 2,995.6 '21.4-'22.3 112 yen/US$ 131 yen/ € *1 Details *2 Details *3 Details *4 Details Translational FOREX Impact Transactional (Imports/Exports) +590.0 +95.0 Concerning Overseas Subsidiaries Volume, Model Mix +180.0 Labor Cost -100.0 Valuation Gains / Losses from Swaps, etc. -92.1 - US $ +315.0 Other -75.0 Financial Services +105.0 Depreciation Expenses -65.0 (Translational FOREX Impact of Fiscal - € +35.0 Other +575.0 - Other +240.0 Year-end Balance of Provisions in Foreign Currencies, etc.) R&D Expenses -15.0 Expenses, etc. -40.0 7#8Geographic Operating Income Operating Income (billions of yen) (excluding Valuation Gains/Losses from Interest Rate Swaps, etc.) [ ] Margin Japan N. America Europe 2,313 2,394 (103.5%) 2,125 1,924 (90.5%) +274.7 +169.8 1,425.5 [8.9%] 1,150.7 [7.7%] '20.4-'21.3 '21.4-'22.3 Consolidated Vehicle Sales (thousands of vehicles) Asia Incl. China (excl. investments accounted for using the equity method of associates and joint ventures) Other TOYOTA 1,543 (126.3%) 959 1,017 (106.0%) 1,222 1,352 (131.7%) 1,027 +220.8 +57.2 +165.9 657.1 532.5 114.4 362.7 171.7 [4.4%] [4.8%] [3.7%] 436.2 [10.1%] [8.6%] 230.7 [7.9%] [3.8%] 64.8 [3.5%] '20.4-'21.3 '21.4-'22.3 '20.4-'21.3 '21.4-'22.3 Operating Income including Valuation Gains/Losses from Interest Rate Swaps, etc. (billions of yen) 1,149.2 1,423.4 401.3 565.7 107.9 162.9 '20.4-'21.3 '21.4-'22.3 '20.4-'21.3 '21.4-'22.3 435.9 672.3 59.8 238.1 8#9China Business / Financial Services (Ref.) China Business Operating Income of Chinese Subsidiaries (billions of yen) Share of Profit of Investments Accounted for Using the Equity Method of Chinese Associates and Joint Ventures (billions of yen) Toyota and Lexus Vehicle Retail Sales (thousands of vehicles) Financial Services Operating Income (billions of yen) * Excluding Valuation Gains/Losses from Interest Rate Swaps, etc. 2,000 +35.6 Effects of 255.2 FOREX Rate, etc. +63.9 Effects of FOREX 170.4 Rate and Marketing Efforts, etc. '20.4-'21.3 1,915 (95.8%) 290.8 234.3 '21.4-'22.3 470.3 '20.4-'21.3 +141.6 Increase in Lending Balance, etc. 611.9 '21.4-'22.3 TOYOTA Operating Income including Valuation Gains/Losses from Interest Rate Swaps, etc. (billions of yen) 657.0 495.5 9#10Shareholder Return TOYOTA 10#11Shareholder Return: Dividends ■ Year-end dividend is 28 yen per share (+1 yen YoY) 18.3-'19.3: US GAAP '20.3-'22.3: IFRS TOYOTA ■We will continue to aim to pay stable and sustainable dividends while maintaining and improving upon our consolidated dividend pay-out ratio benchmark of 30%. Year-end Dividend *1 (yen) 50 44 44 Interim Dividend *1 <220> <220> 44 <220> 48 <240> 52 <260> 40 28 27 30 24 24 <120> <120> 24 <120> <140> <135> 20 10 20 20 20 21 <105> Special Dividend: 24 <120> <100> <100> <100> 0 $18.3 '19.3 $20.3 1yen <5yen> '21.3 $22.3 Total Amount of Dividends Interim Full Year 293.4 286.9 278.9 293.5 332.4 (billions of yen) Payout Ratio*2 27.8% 23.4% 24.5% 46.6% 21.9% Total Amount of Dividends 642.6 626.8 610.8 671.0 718.2 (billions of yen) Payout Ratio*3 26.1% 33.8% 30.2% 29.8% 25.3% *1 Figures not enclosed in show dividends per common share on a post-stock split (a five-for-one stock split of shares of our common stock that was conducted on October 1, 2021) basis; figures enclosed in show dividends per common share on a pre-stock split basis *2 Interim Payout Ratio = (Interim dividend per common share) ÷ (Interim net income attributable to Toyota Motor Corporation per common share) *3 Full Year Payout Ratio = (Full year dividend per common share) ÷ (Full year net income attributable to Toyota Motor Corporation per common share) 11#12Shareholder Return: Share Repurchases 18.3-'19.3: US GAAP '20.3-'22.3: IFRS TOYOTA ■We will continue to implement share repurchases in a flexible manner, taking into account various factors including investment in growth, dividend levels, liquidity, share price levels, and other factors. 600 600 (billions of yen) Amount of Share Repurchases Year-end Repurchases 400 299.9 299.9 Interim Repurchases No year-end repurchases Set aside 100.0 billion yen to enable more flexible share repurchase than before while considering share price levels, etc. No interim repurchases 200.0 [max] 99.9 200 (Conducted from Mar. to May) 249.9 249.9 249.9 199.9 149.9 0 $18.3 $19.3 $20.3 $21.3 $22.3 Share Repurchases 549.9 549.9 199.9 249.9 449.9 [max] Total Amount of Dividends*1 650.1 636.7 610.8 671.0 718.2 Total Shareholder Return*1 (Total Return Ratio*2) 1,200.0 (48.1%) 1,186.7 (63.0%) 810.8 921.0 1,168.2 [max] (39.8%) (41.0%) (41.0%) [max] = *1 Including dividends on first series Model AA class shares (Excluding dividends on first series Model AA class shares from fiscal year ended March 2020 as a result of applying IFRS) *2 Total Return Ratio= (Total Shareholder Return) (Full year net income attributable to Toyota Motor Corporation) 12#13FY2023 Financial Forecasts TOYOTA 13#14FY2023 Forecasts: Consolidated Vehicle Sales TOYOTA (thousands of vehicles) 10,000 8,230 8,850 107.5% 8,000 2,050 1,924 106.5% 6,000 2,394 2,600 108.6% 4,000 1,017 1,100 108.2% 2,000 1,543 1,670 108.2% 1,352 1,430 105.8% 0 Japan N. America Europe Asia Other Central and South America, Oceania, Africa, The Middle East, etc. FY22 Results '21.4- '22.3 FY23 Forecasts YOY '22.4- '23.3 Reference (retail) Toyota and Lexus Vehicle Sales Electrified Vehicles [%] 9,512 2,703 [28.4%] 9,900 104.1% 3,070 [31.0%] 113.6% HEV 2,565 2,845 110.9% PHEV 116 125 107.8% BEV 16 95 593.8% FCEV 5 5 100.0% Total Retail Vehicle Sales 10,381 10,700 103.1% 14#15FY2023 Forecasts: Consolidated Financial Summary (billions of yen) TOYOTA FY2022 Results FY2023 Forecasts Change '21.4-'22.3 '22.4-'23.3 Sales Revenues Operating Income Margin Other Income 31,379.5 33,000.0 +1,620.5 2,995.6 2,400.0 -595.6 9.5% 7.3% 994.8 730.0 -264.8 Share of Profit (Loss) of Investments 560.3 600.0 +39.7 Accounted for Using the Equity Method Income before Income Taxes 3,990.5 3,130.0 -860.5 Net Income Attributable to Toyota Motor Corporation Margin 2,850.1 2,260.0 -590.1 9.1% 6.8% +3 yen 115 yen 112 yen US $ -1 yen 130 yen FOREX Rates 131 yen € 15#16Analysis of FY2023 Forecasts: Consolidated Operating Income TOYOTA (billions of yen) 2,995.6 +195.0 Excluding the overall impact of foreign exchange rates and swap valuation gains/losses, etc: -775.0 Effects of FOREX Rates *1 -440.0 Increase or Decrease in -1,150.0 +815.0 -15.6 Other *4 Cost Reduction Efforts Marketing Efforts *2 Expenses and Expense Reduction Efforts *3 FY22 Results '21.4-'22.3 112 yen/US$ 131 yen/€ *1 Details Which includes: Soaring materials prices -1,450.0 Cost Reduction +300.0 Operating Income: -595.6 2,400.0 FY23 Forecasts '22.4-'23.3 115 yen/US$ 130 yen/€ *2 Details *3 Details *4 Details Translational FOREX Impact Transactional (Imports/Exports) +55.0 +5.0 Concerning Overseas Subsidiaries Volume, Model Mix +585.0 Labor Cost -120.0 Valuation Gains / Losses from Swaps, etc. -15.6 - US $ +110.0 Other +135.0 Financial Services -45.0 Depreciation Expenses -65.0 (Translational FOREX Impact of Fiscal - € -5.0 Other +275.0 - Other -50.0 Year-end Balance of Provisions in Foreign Currencies, etc.) R&D Expenses -60.0 Expenses, etc. -195.0 16#17(Ref.) Analysis of Consolidated Operating Income (vs FY2020) Consolidated Operating Income ( ) Consolidated Vehicle Sales. (thousands of vehicles) Excluding the overall impact of FOREX rates and swap valuation gains/losses, etc.: +290.0 TOYOTA *The analysis is a simple aggregate of the changes in FY2021 as compared to FY2020 and FY2022 as compared to FY2021. 2,995.6 2,399.2 +355.0 -210.0 Cost reduction Effects of efforts +650.0 Marketing efforts*2 -150.0 Increase or decrease in -48.6 *1 Details Transactional (Imports/Exports) Other*4 - US $ - € +380.0 Translational FOREX Impact +190.0 Concerning Overseas Subsidiaries +55.0 Other expenses and - Other +135.0 FOREX rates*1 expense reduction *2 Details efforts *3 (Translational FOREX impact of fiscal year-end balance of provisions in foreign currencies, etc.) *3 Details Volume, Model Mix -565.0 Labor Cost Which includes: Soaring materials prices -680.0 Cost Reduction +470.0 '19.4-'20.3 109 yen/US$ 121 yen/€ (8,955) Earnings structure has improved steadily Operating Income: +596.4 Geographic Operating Income Financial Services Other +285.0 Depreciation Expenses +930.0 R&D Expenses Expenses, etc. '21.4-'22.3 112 yen/US$ 131 yen/€ (8,230) *4 Details Valuation Gains / Losses from Swaps, etc. -48.6 Operating Income (billions of yen) (Excluding Valuation Gains/Losses from Interest Rate Swaps, etc.) [ Japan N. America Europe 2,240 1,924 2,713 2,394 1,029 1,017 ] Margin Asia Consolidated Vehicle Sales (thousands of vehicles) Other Incl. China (excl. investments accounted for using the equity method of associates and joint ventures) 1,600 1,543 1,372 1,352 +90.0 -115.0 -85.0 -120.0 -5.0 +60.0 China Business / Financial Services Operating Income of Chinese Subsidiaries (billions of yen) Share of Profit of Investments Accounted for Using the Equity Method of Chinese Associates and Joint Ventures (billions of yen) Toyota and Lexus Vehicle Retail Sales (thousands of vehicles) Operating Income (billions of yen) Excluding Valuation Gains/Losses from Interest Rate Swaps, etc. 1,544 1,915 1,585.8 [9.6%] 1,425.5 [8.9%] 270.9 [2.5%] 532.5 [4.8%] 134.0 171.7 [4.0%] [4.4%] 379.3 [7.2%] 657.1 [10.1%] 290.8 611.9 230.7 76.2 [3.6%] 127.9 300.4 [7.9%] 234.3 '19.4-'20.3 ‘21.4-'22.3 '19.4-'20.3 ‘21.4-'22.3 '19.4-'20.3 '21.4-'22.3 $19.4-'20.3 ‘21.4-‘22.3 '19.4-'20.3 '21.4-'22.3 110.6 '19.4-'20.3 '21.4-'22.3 '19.4-'20.3 '21.4-'22.3 17#18(Ref.) Consolidated Vehicle Sales (3 months) TOYOTA (thousands of vehicles) 3,000 2,500 2,208 2,134 96.7% 2,097 2,000 612 498 81.3% Japan N.America Europe 583 Asia 1,500 630 589 93.6% 600 1,000 280 257 91.8% 252 500 374 425 113.6% 345 312 366 117.2% 317 Other Central and Oceania, Africa, South America, 0 The Middle East, etc. '21.1-3 '22.1-3 YOY (Ref.) 20.1-3 Reference (retail) Toyota and Lexus Vehicle Sales Electrified Vehicles [%] 2,460 2,357 95.8% 639 [26.0%] 720 [30.5%] 112.7% 2,065 443 [21.5%] HEV 614 689 112.3% 433 PHEV 21 25 121.6% 10 BEV 2 4 181.7% FCEV 2 1 71.7% 0 Total Retail Vehicle Sales 2,708 2,594 95.8% 2,317 18#19(Ref.) Consolidated Financial Summary (3 months) (billions of yen) Sales Revenues Operating Income Margin Other Income Share of Profit (Loss) of Investments Accounted for Using the Equity Method Income before Income Taxes Net Income Attributable to Toyota Motor Corporation Margin FOREX Rates US $ € TOYOTA '21.1-3 '22.1-3 Change (Ref.) '20.1-3 7,689.3 8,112.4 +423.1 6,899.3 689.8 463.8 -225.9 359.9 9.0% 5.7% 5.2% 372.5 289.1 -83.4 39.2 149.5 144.8 *1 -4.7 34.5 1,062.3 752.9 -309.3 399.1 777.1 533.8 -243.3 327.3 10.1% 6.6% 4.7% 109 yen +10 yen 116 yen 106 yen 120 yen +2 yen 130 yen 128 yen 19 1 Regarding Japan: 51.1 (-40.7 year on year), China: 82.0 (+25.5 year on year), Other: +11.7 (+10.5 year on year)#20(Ref.) Analysis of Consolidated Operating Income (3 months) TOYOTA (billions of yen) Excluding the overall impact of foreign exchange rates and swap valuation gains/losses, etc: -350.0 689.8 +165.0 -195.0 Effects of FOREX Cost Reduction Efforts -15.0 Effects of Marketing Activities *2 Rates *1 Which includes: Soaring materials prices -275.0 Cost Reduction +80.0 -140.0 Increase or Decrease in Expenses and Expense Reduction Efforts *3 -40.9 Other *4 '21.1-3 106 yen/US$ *1 Details 128 yen/€ Transactional (Imports/Exports) - US $ - € - Other Operating Income: -225.9 463.8 '22.1-3 116 yen/US$ 130 yen/€ +150.0 Translational FOREX Impact Concerning Overseas Subsidiaries *2 Details Volume, Model Mix *3 Details *4 Details -180.0 Labor Cost -50.0 Valuation Gains / Losses from Swaps, etc. -40.9 +20.0 +115.0 ±0.0 Other Financial Services -5.0 Other -5.0 +170.0 Depreciation Expenses -30.0 R&D Expenses -15.0 (Translational FOREX Impact of Fiscal +35.0 Year-end Balance of Provisions in Foreign Currencies, etc.) Expenses, etc. -45.0 20#21(Ref.) Geographic Operating Income (3 months) TOYOTA Consolidated Vehicle Sales (thousands of vehicles) Operating Income (billions of yen) (Excluding Valuation Gains/Losses from Interest Rate Swaps. etc) Europe Japan N.America 630 589 (93.6%) 612 498 (81.3%) 280 257 (91.8%) [ ] margin Asia Incl. China (excl. investments accounted for using the equity method of associates and joint ventures) 374 -149.5 369.0 -63.6 Other 425 (113.6%) 366 (117.2%) 312 +29.2 [8.8%] -12.4 +21.7 167.1 219.5 46.8 137.8 [9.0%] [5.4%] 36.9 92.1 28.5 [4.9%] [1.0%] 34.4 [3.5%] [9.5%] 15.1 [4.4%] [3.5%] [2.7%] '21.1-3 '22.1-3 '21.1-3 '22.1-3 '21.1-3 '22.1-3 '21.1-3 '22.1-3 '21.1-3 '22.1-3 Operating Income including Valuation Gains/Losses from Interest Rate Swaps, etc. (billions of yen) 368.3 217.8 69.6 13.1 45.3 26.5 144.3 172.7 16.4 38.2 21#22(Ref.) China Business / Financial Services (3 months) (Ref.) China Business Operating Income of Chinese Subsidiaries (billions of yen) Share of Profit of Investments Accounted for Using the Equity Method of Chinese Associates and Joint Ventures (billions of yen) Toyota and Lexus Vehicle Retail Sales (thousands of vehicles) Financial Services Operating Income (billions of yen) * Excluding Valuation Gains/Losses from Interest Rate Swaps, etc. 474 -6.4 77.1 445 (93.9%) 70.7 82.0 +25.5 56.5 '21.1-3 '22.1-3 119.8 114.9 +4.8 '21.1-3 '22.1-3 TOYOTA Operating Income including Valuation Gains/Losses from Interest Rate Swaps, etc. (billions of yen) 101.8 22 97.9#23(Ref.) Transition of Financial Performance '19/3 US GAAP '20/3 '23/3 IFRS TOYOTA Consolidated Vehicle Sales (thousands of vehicles) Sales Revenues (trillions of yen) Operating Income (billions of yen) Operating Margin (%) Net Income Attributable to Toyota Motor Corporation (billions of yen) 33.0 9.5 → Net Margin (%) 8,977 8,955 7,646 8,230 8,850 31.3 8.2 8.0 8.1 30.2 29.8 7.3 9.1 8.3 6.8 2,995.6 6.8 6.2 27.2 2,467.5 2,399.2 2,197.7 2,850.1 2,400.0 2,245.2 2,036.1 2,260.0 1.882.8 IT 19.3 20.3 21.3 22.3 23.3 19.3 20.3 21.3 22.3 23.3 19.3 20.3 21.3 22.3 23.3 19.3 20.3 21.3 22.3 23.3 Total Liquid Assets*1 (billions of yen) 11,579.4 Total Shareholder Return*3 (billions of yen) Dividend per Share (yen) *4 R&D Expenses*5 (billions of yen) → Ratio to Sales Revenues (%) Capital Expenditures (billions of yen) Depreciation Expenses 10,517.3 Interest- 44 44 <220> <220> 48 <240> 52 <260> 4.0 1,465.8 3.7 9,454.4 8,602.6 3.5 3.6 3.4 1,372.3 1,400.0 Bearing Debt*2 1,186.7 1,293.2 1,343.0 1,168.2 921.0 8,341.3 8.051.4 Net Liquid Assets 810.8 Share Repurchase 1,110.3 1,090.4 1,124.2 1,130.0 1,048.8 1.060.0 1,007.2 984.8 876.9 7,936.6 803.3 *6 6,901.0 19.3 20.3 21.3 22.3 718.2 636.7 610.8 671.0 Dividend 19.3 20.3 21.3 22.3 19.3 20.3 21.3 22.3 23.3 19.3 20.3 21.3 22.3 23.3 *2 Not including lease liabilities *1 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. *3 Including dividends on first series Model AA class shares (Excluding dividends on first series Model AA class shares from fiscal year ended March 2020 as a result of applying IFRS) *4 Figures not enclosed in "<>" show dividends per common share on a post-stock split (a five-for-one stock split of shares of our common stock that was conducted on October 1, 2021) basis; figures enclosed in "<>" show dividends per common share on a pre-stock split basis *5 R&D activity related expenditures incurred during the reporting period *6 Change in depreciation method from '20/3 Forecast 23#24(Ref.) FY2023 Forecasts: Vehicle Production and Retail Sales TOYOTA (thousands of vehicles) FY22 Results FY23 Forecasts '21.4-'22.3 Change '22.4-'23.3 Japan 2,761 3,000 +239 Vehicle Production Overseas 5,809 6,700 +891 *1 Total 8,570 9,700 +1,130 Retail Japan 1,396 1,400 +4 Vehicle Overseas 8,116 8,500 +384 Sales *2 Total 9,512 9,900 +388 Total Retail Vehicle Sales*2 10,381 10,700 +319 Toyota & Lexus *1 Including vehicle production by Toyota's unconsolidated entities *2 Including vehicle sales by Toyota's unconsolidated entities 24#25(Ref.) Definitions of Consolidated and Retail Vehicle Sales TOYOTA Daihatsu- and Hino- brand vehicles DAIHATSU HINO Distributors or Dealers outside consolidation Consolidated Vehicle Sales Toyota- and Lexus- brand vehicles • TOYOTA ①LEXUS Number of vehicles produced for wholesale by Toyota Motor Corporation and its consolidated subsidiaries Number of vehicles produced for wholesale by Toyota's unconsolidated entities (e.g. joint ventures in China, etc.) *There are a limited number of exceptional cases where sales are made other than in accordance with the flowchart above. Total Retail Vehicle Sales Toyota and Lexus Vehicle Sales Customers 25