Cycle of Growing Together

C Shareholder Return ■Policy of implementing stable and continuous dividend increases Shifting focus to dividends to reward long-term shareholders (100 million yen) 6,367 8,169 7,182 6,710 6,108 5,499 2,499 1,999 FY2019 FY2020 Total dividends"¹ Repurchases of common stock FY2021 1.Including dividends on First Series Model AA Class Shares (However, dividends are not included on such shares from FY2020 onward due to application of IFRS.) 2.For illustrative purposes only; not a forecast 4,356 2,999 (Upper limit) TOYOTA FY2022 FY2023 Future"² When it comes to shareholder return, we aim to continue to increase dividends to reward long-term shareholders. 9

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