Investor Presentaiton

I. Business Performance Operating income by market segment FY 1998 FY2002 (Billions of yen) FY2003/9mos. (April-Dec., 2002) (April, 1997-March, 1998) (April, 2001-March, 2002) Japan 649 870 813 North America 175 265 268 Europe -2 -12 5 Asia & other regions 8 19 41 Consolidated -12 -19 -17 elimination Consolidated total 818 1,123 1,110 TOYOTA (Japan GAAP) 3

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