Investor Presentaiton

III. Dividend Payments & Share Buyback (Billions of yen) 1,000 Cash flow allocated to dividend payments and share buyback 500 400 Capital expenditures R&D 0 FY1999 FY 2000 Cash flow FY2001 FY2002 Dividend & share buyback (Japan GAAP) TOYOTA * Cash flow = Current net income + Depreciation costs - Capital expenditures 5

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