Toyota Motor (TM) 6-K Table of ContentsFY2018 Second Quarter Consolidated Financial Results

FINANCIAL SUMMARY

(All financial information has been prepared in accordance with U.S. generally accepted accounting principles)

FY2018 Second Quarter

(April 1, 2017 through September 30, 2017)

English translation from the original Japanese-language document

TOYOTA MOTOR CORPORATION

FY2018 Second Quarter Consolidated Financial Results

(All financial information has been prepared in accordance with U.S. generally accepted accounting principles)

English translation from the original Japanese-language document

November 7, 2017

Company name	:Toyota Motor Corporation
Stock exchanges on which the shares are listed	: Tokyo, Nagoya, Sapporo and Fukuoka Stock Exchanges in Japan
Code number	: 7203
URL Representative	:http://www.toyota.co.jp : Akio Toyoda, President
Contact person	: Kenta Kon, General Manager, Accounting Division   Tel.(0565)28-2121
Filing date of quarterly securities report	: November 13, 2017
Payment date of cash dividends	: November 27, 2017
Supplemental materials prepared for quarterly financial results	: yes
Earnings announcement for quarterly financial results	: yes

(Amounts are rounded to the nearest million yen)

1. Consolidated Results for FY2018 First Half (April 1, 2017 through September 30, 2017)

(1) Consolidated financial results (For the six months ended September 30)

	(% of change from previous first half)
	Net revenues				Operating income				Income before income taxes and equity in earnings of affiliated companies				Net income attributable to Toyota Motor Corporation
	Million yen		%		Million yen		%		Million yen		%		Million yen		%
FY2018 first half		14,191,207		8.6		1,096,541		-1.8		1,252,173		6.4		1,071,328		13.2
FY2017 first half		13,070,533		-7.2		1,116,865		-29.5		1,176,534		-29.8		946,173		-24.8

(Note) Comprehensive income: FY2018 first half 1,367,140 million yen ( 462.7 %), FY2017 first half 242,981 million yen (-73.7 %)

	Net income attributable to Toyota Motor Corporation per common share – Basic		Net income attributable to Toyota Motor Corporation per common share –  Diluted
	Yen		Yen
FY2018 first half		359.55		355.92
FY2017 first half		311.08		307.84

(2) Consolidated financial position

	Total assets		Mezzanine equity and Shareholders’ equity		Toyota Motor Corporation shareholders’ equity		Ratio of Toyota Motor Corporation shareholders’ equity
	Million yen		Million yen		Million yen		%
FY2018 second quarter		50,253,031		19,406,187		18,253,494		36.3
FY2017		48,750,186		18,668,953		17,514,812		35.9

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
FY2017		—		100.00		—		110.00		210.00
FY2018		—		100.00
FY2018 (forecast)						—		—		—

(Note) Revisions to the forecast of cash dividends since the latest announcement: none

Please refer to “(Reference) Cash Dividends on Class Shares” for information regarding cash dividends on class shares, which are unlisted and have different rights from common stock.

3. Forecast of Consolidated Results for FY2018 (April 1, 2017 through March 31, 2018)

	(% of change from FY2017)
	Net revenues				Operating income				Income before income taxes and equity in earnings of affiliated companies				Net income attributable to Toyota Motor Corporation				Net income attributable to Toyota Motor Corporation per common share – Basic
	Million yen		%		Million yen		%		Million yen		%		Million yen		%		Yen
Full-year		28,500,000		3.3		2,000,000		0.3		2,250,000		2.6		1,950,000		6.5		657.08

(Note) Revisions to the forecast of consolidated results since the latest announcement: yes

Notes

(1) Changes in significant subsidiaries during the current quarter

(Changes in specified subsidiaries that caused a change in the scope of consolidation): none

(2) Simplified accounting procedures and specific accounting procedures: yes

Note: For more details, please see page 9 “Other Information”.

(3) Changes in accounting policies

(i) Changes by a newly issued accounting pronouncement: yes

(ii) Changes other than (3)-(i) above: none

Note: For more details, please see page 9 “Other Information”.

(4) Number of shares issued and outstanding (common stock)

(i) Number of shares issued and outstanding at the end of each period (including treasury stock):

FY2018 second quarter 3,262,997,492 shares, FY2017 3,262,997,492 shares

(ii) Number of treasury stock at the end of each period: FY2018 second quarter 328,212,683 shares,

FY2017 288,274,636 shares

(iii) Average number of shares issued and outstanding in each period: FY2018 first half 2,962,527,513 shares,

FY2017 first half 3,025,875,694 shares

This report is not reviewed.

Cautionary Statement with Respect to Forward-Looking Statements, and Other Information

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 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, 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 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 Form20-F, which is on file with the United States Securities and Exchange Commission.

This report contains summarized and condensed financial information prepared in accordance with U.S. generally accepted accounting principles.

(Reference) Cash Dividends on Class Shares

Cash dividends on class shares, which have different rights from common stock, are as follows:

	Annual cash dividends per First Series Model AA Class Share
	End of first quarter		End of second quarter		End of third quarter		Year-end		Total
	Yen		Yen		Yen		Yen		Yen
FY2017		—		52.50		—		52.50		105.00
FY2018		—		79.00
FY2018 (forecast)						—		—		—

(Note) The First Series Model AA Class Shares were issued in July 2015.

TOYOTA MOTOR CORPORATION    FY2018 Second Quarter Financial Summary

(All financial information has been prepared in accordance with U.S. generally accepted accounting principles)

TABLE OF CONTENTS

1.  Consolidated Financial Statements	2
(1) Consolidated Balance Sheets	2
(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income	4
(3) Consolidated Statements of Cash Flows	8
(4) Going Concern Assumption	9
(5) Significant Changes in Shareholders’ Equity	9
2.  Other Information	9
(1) Changes in significant subsidiaries during the current period	9
(2) Simplified accounting procedures and accounting procedures specific to quarterly consolidated financial statements	9
(3) Changes in accounting principles, procedures, and disclosures for consolidated financial statements	9
Supplemental Material for Financial Results for FY2018 Second Quarter

1

TOYOTA MOTOR CORPORATION    FY2018 Second Quarter Financial Summary

(All financial information has been prepared in accordance with U.S. generally accepted accounting principles)

1. Consolidated Financial Statements

(1) Consolidated Balance Sheets

	(Yen in millions)
	FY2017 (March 31, 2017)			FY2018 second quarter (September 30, 2017)			Increase (Decrease)
Assets
Current assets:
Cash and cash equivalents		2,995,075			2,814,337			(180,738	)
Time deposits		1,082,654			1,100,145			17,491
Marketable securities		1,821,598			1,972,049			150,451
Trade accounts and notes receivable, less allowance for doubtful accounts		2,115,938			2,078,991			(36,947	)
Finance receivables, net		6,196,649			6,346,207			149,558
Other receivables		436,867			433,142			(3,725	)
Inventories		2,388,617			2,491,575			102,958
Prepaid expenses and other current assets		796,297			889,278			92,981
Total current assets		17,833,695			18,125,724			292,029
Noncurrent finance receivables, net		9,012,222			9,563,857			551,635
Investments and other assets:
Marketable securities and other securities investments		7,679,928			8,064,827			384,899
Affiliated companies		2,845,639			2,925,975			80,336
Employees receivables		25,187			23,989			(1,198	)
Other		1,156,406			1,164,500			8,094
Total investments and other assets		11,707,160			12,179,291			472,131
Property, plant and equipment:
Land		1,379,991			1,385,685			5,694
Buildings		4,470,996			4,621,470			150,474
Machinery and equipment		11,357,340			11,577,561			220,221
Vehicles and equipment on operating leases		5,966,579			6,189,462			222,883
Construction in progress		474,188			437,477			(36,711	)
Total property, plant and equipment, at cost		23,649,094			24,211,655			562,561
Less – Accumulated depreciation		(13,451,985	)		(13,827,496	)		(375,511	)
Total property, plant and equipment, net		10,197,109			10,384,159			187,050
Total assets		48,750,186			50,253,031			1,502,845

2

TOYOTA MOTOR CORPORATION    FY2018 Second Quarter Financial Summary

(All financial information has been prepared in accordance with U.S. generally accepted accounting principles)

	(Yen in millions)
	FY2017 (March 31, 2017)			FY2018 second quarter (September 30, 2017)			Increase (Decrease)
Liabilities
Current liabilities:
Short-term borrowings		4,953,682			5,143,840			190,158
Current portion of long-term debt		4,290,449			4,249,353			(41,096	)
Accounts payable		2,566,382			2,403,751			(162,631	)
Other payables		936,938			823,171			(113,767	)
Accrued expenses		3,137,827			3,070,811			(67,016	)
Income taxes payable		223,574			326,457			102,883
Other current liabilities		1,210,113			1,305,107			94,994
Total current liabilities		17,318,965			17,322,490			3,525
Long-term liabilities:
Long-term debt		9,911,596			10,502,824			591,228
Accrued pension and severance costs		905,070			911,517			6,447
Deferred income taxes		1,423,726			1,565,025			141,299
Other long-term liabilities		521,876			544,988			23,112
Total long-term liabilities		12,762,268			13,524,354			762,086
Total liabilities		30,081,233			30,846,844			765,611
Mezzanine equity
Model AA Class Shares, no par value, authorized: 150,000,000 shares at March 31, 2017 and September 30, 2017 issued: 47,100,000 shares at March 31, 2017 and September 30, 2017		485,877			489,550			3,673
Shareholders’ equity
Toyota Motor Corporation shareholders’ equity:
Common stock, no par value, authorized: 10,000,000,000 shares at March 31, 2017 and September 30, 2017 issued: 3,262,997,492 shares at March 31, 2017 and September 30, 2017		397,050			397,050			—
Additionalpaid-in capital		484,013			485,489			1,476
Retained earnings		17,601,070			18,338,719			737,649
Accumulated other comprehensive income (loss)		640,922			888,244			247,322
Treasury stock, at cost, 288,274,636 shares at March 31, 2017 and 328,212,683 shares at September 30, 2017		(1,608,243	)		(1,856,008	)		(247,765	)
Total Toyota Motor Corporation shareholders’ equity		17,514,812			18,253,494			738,682
Noncontrolling interests		668,264			663,143			(5,121	)
Total shareholders’ equity		18,183,076			18,916,637			733,561
Commitments and contingencies
Total liabilities, mezzanine equity and shareholders’ equity		48,750,186			50,253,031			1,502,845

Note: The total number of authorized shares for common stock and Model AA Class Shares is 10,000,000,000 shares.

3

TOYOTA MOTOR CORPORATION    FY2018 Second Quarter Financial Summary

(All financial information has been prepared in accordance with U.S. generally accepted accounting principles)

(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income

First half for the six months ended September 30
Consolidated Statements of Income
	(Yen in millions)
	FY2017 first half (Six months ended September 30, 2016)	FY2018 first half (Six months ended September 30, 2017)	Increase (Decrease)
Net revenues:
Sales of products	12,216,706	13,233,974	1,017,268
Financing operations	853,827	957,233	103,406
Total net revenues	13,070,533	14,191,207	1,120,674
Costs and expenses:
Cost of products sold	10,056,838	10,989,823	932,985
Cost of financing operations	533,813	626,259	92,446
Selling, general and administrative	1,363,017	1,478,584	115,567
Total costs and expenses	11,953,668	13,094,666	1,140,998
Operating income	1,116,865	1,096,541	(20,324)
Other income (expense):
Interest and dividend income	79,754	92,762	13,008
Interest expense	(11,113)	(13,541)	(2,428)
Foreign exchange gain (loss), net	(27,907)	53,819	81,726
Other income (loss), net	18,935	22,592	3,657
Total other income (expense)	59,669	155,632	95,963
Income before income taxes and equity in earnings of affiliated companies	1,176,534	1,252,173	75,639
Provision for income taxes	354,924	374,247	19,323
Equity in earnings of affiliated companies	168,395	235,043	66,648
Net income	990,005	1,112,969	122,964
Less – Net income attributable to noncontrolling interests	(43,832)	(41,641)	2,191
Net income attributable to Toyota Motor Corporation	946,173	1,071,328	125,155
Note:  Net income attributable to common shareholders for the first half ended September 30, 2017 and 2016 is 1,065,182 million yen and 941,275 million yen, respectively, which is derived by deducting dividend and accretion to Model AA Class Shares of 6,146 million yen and 4,898 million yen, respectively, from Net income attributable to Toyota Motor Corporation.
	(Yen)
Net income attributable to Toyota Motor Corporation per common share
Basic	311.08	359.55	48.47
Diluted	307.84	355.92	48.08

4

TOYOTA MOTOR CORPORATION    FY2018 Second Quarter Financial Summary

(All financial information has been prepared in accordance with U.S. generally accepted accounting principles)

Consolidated Statements of Comprehensive Income
	(Yen in millions)
	FY2017 first half (Six months ended September 30, 2016)			FY2018 first half (Six months ended September 30, 2017)			Increase (Decrease)
Net income		990,005			1,112,969			122,964
Other comprehensive income (loss), net of tax
Foreign currency translation adjustments		(554,883	)		76,126			631,009
Unrealized gains (losses) on securities		(191,427	)		174,048			365,475
Pension liability adjustments		(714	)		3,997			4,711
Total other comprehensive income (loss)		(747,024	)		254,171			1,001,195
Comprehensive income		242,981			1,367,140			1,124,159
Less – Comprehensive income attributable to noncontrolling interests		(8,368	)		(48,490	)		(40,122	)
Comprehensive income attributable to Toyota Motor Corporation		234,613			1,318,650			1,084,037

5

TOYOTA MOTOR CORPORATION    FY2018 Second Quarter Financial Summary

(All financial information has been prepared in accordance with U.S. generally accepted accounting principles)

Second quarter for the three months ended September 30
Consolidated Statements of Income
	(Yen in millions)
	FY2017 second quarter (Three months ended September 30, 2016)	FY2018 second quarter (Three months ended September 30, 2017)	Increase (Decrease)
Net revenues:
Sales of products	6,057,702	6,655,852	598,150
Financing operations	423,718	487,749	64,031
Total net revenues	6,481,420	7,143,601	662,181
Costs and expenses:
Cost of products sold	5,043,030	5,547,092	504,062
Cost of financing operations	268,395	315,927	47,532
Selling, general and administrative	695,360	758,335	62,975
Total costs and expenses	6,006,785	6,621,354	614,569
Operating income	474,635	522,247	47,612
Other income (expense):
Interest and dividend income	22,993	26,002	3,009
Interest expense	(6,190)	(9,153)	(2,963)
Foreign exchange gain, net	1,398	31,028	29,630
Other income (loss), net	6,642	2,701	(3,941)
Total other income (expense)	24,843	50,578	25,735
Income before income taxes and equity in earnings of affiliated companies	499,478	572,825	73,347
Provision for income taxes	167,099	188,849	21,750
Equity in earnings of affiliated companies	78,395	97,241	18,846
Net income	410,774	481,217	70,443
Less – Net income attributable to noncontrolling interests	(17,066)	(22,945)	(5,879)
Net income attributable to Toyota Motor Corporation	393,708	458,272	64,564
Note:  Net income attributable to common shareholders for the second quarter ended September 30, 2017 and 2016 is 455,199 million yen and 391,259 million yen, respectively, which is derived by deducting dividend and accretion to Model AA Class Shares of 3,073 million yen and 2,449 million yen, respectively, from Net income attributable to Toyota Motor Corporation.
	(Yen)
Net income attributable to Toyota Motor Corporation per common share
Basic	129.77	154.28	24.51
Diluted	128.54	152.87	24.33

6

TOYOTA MOTOR CORPORATION    FY2018 Second Quarter Financial Summary

(All financial information has been prepared in accordance with U.S. generally accepted accounting principles)

Consolidated Statements of Comprehensive Income
	(Yen in millions)
	FY2017 second quarter (Three months ended September 30, 2016)	FY2018 second quarter (Three months ended September 30, 2017)	Increase (Decrease)
Net income	410,774	481,217	70,443
Other comprehensive income (loss), net of tax
Foreign currency translation adjustments	(104,983)	60,838	165,821
Unrealized gains (losses) on securities	73,775	111,154	37,379
Pension liability adjustments	2,894	5,327	2,433
Total other comprehensive income (loss)	(28,314)	177,319	205,633
Comprehensive income	382,460	658,536	276,076
Less – Comprehensive income attributable to noncontrolling interests	(12,635)	(27,003)	(14,368)
Comprehensive income attributable to Toyota Motor Corporation	369,825	631,533	261,708

7

TOYOTA MOTOR CORPORATION    FY2018 Second Quarter Financial Summary

(All financial information has been prepared in accordance with U.S. generally accepted accounting principles)

(3) Consolidated Statements of Cash Flows

	(Yen in millions)
	FY2017 first half (Six months ended September 30, 2016)			FY2018 first half (Six months ended September 30, 2017)
Cash flows from operating activities:
Net income		990,005			1,112,969
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation		767,044			834,275
Provision for doubtful accounts and credit losses		37,763			40,884
Pension and severance costs, less payments		21,956			4,022
Losses on disposal of fixed assets		12,202			18,651
Unrealized losses onavailable-for-sale securities, net		5,990			327
Deferred income taxes		18,740			41,212
Equity in earnings of affiliated companies		(168,395	)		(235,043	)
Changes in operating assets and liabilities, and other		(110,929	)		220,959
Net cash provided by operating activities		1,574,376			2,038,256
Cash flows from investing activities:
Additions to finance receivables		(6,471,350	)		(7,390,735	)
Collection of and proceeds from sales of finance receivables		6,248,137			6,915,378
Additions to fixed assets excluding equipment leased to others		(592,974	)		(579,173	)
Additions to equipment leased to others		(1,198,120	)		(1,192,899	)
Proceeds from sales of fixed assets excluding equipment leased to others		15,866			20,287
Proceeds from sales of equipment leased to others		620,871			593,914
Purchases of marketable securities and security investments		(1,220,327	)		(1,636,248	)
Proceeds from sales of and maturity of marketable securities and security investments		864,289			1,364,695
Changes in investments and other assets, and other		698,684			(31,529	)
Net cash used in investing activities		(1,034,924	)		(1,936,310	)
Cash flows from financing activities:
Proceeds from issuance of long-term debt		2,080,740			2,529,387
Payments of long-term debt		(2,112,216	)		(2,300,693	)
Increase in short-term borrowings		353,872			96,364
Dividends paid to Toyota Motor Corporation class shareholders		(1,224	)		(2,473	)
Dividends paid to Toyota Motor Corporation common shareholders		(334,144	)		(327,220	)
Dividends paid to noncontrolling interests		(47,934	)		(48,955	)
Reissuance (repurchase) of treasury stock, and other		(505,603	)		(248,421	)
Net cash used in financing activities		(566,509	)		(302,011	)
Effect of exchange rate changes on cash and cash equivalents		(145,367	)		19,327
Net decrease in cash and cash equivalents		(172,424	)		(180,738	)
Cash and cash equivalents at beginning of period		2,939,428			2,995,075
Cash and cash equivalents at end of period		2,767,004			2,814,337

Note: In the Consolidated Statements of Cash Flows, cash and cash equivalents include cash on hand, bank deposits that can be withdrawn at any time and short-term investments that can be converted into cash at any time and carry minimal risk of change in value.

8

TOYOTA MOTOR CORPORATION    FY2018 Second Quarter Financial Summary

(All financial information has been prepared in accordance with U.S. generally accepted accounting principles)

(4) Going Concern Assumption

None

(5) Significant Changes in Shareholders’ Equity

None

2. Other Information

(1) Changes in significant subsidiaries during the current period

(Changes in specified subsidiaries that caused a change in the scope of consolidation)

None

(2) Simplified accounting procedures and accounting procedures specific to quarterly consolidated financial statements

Provision for income taxes

The provision for income taxes is computed by multiplying income before income taxes and equity in earnings of affiliated companies for the first half by estimated annual effective tax rates. These estimated annual effective tax rates reflect anticipated investment tax credits, foreign tax credits and other items, including changes in valuation allowances, that are expected to affect estimated annual effective tax rates.

(3) Changes in accounting principles, procedures, and disclosures for consolidated financial statements

In July 2015, the Financial Accounting Standards Board (“FASB”) issued updated guidance to simplify the measurement of inventory. The parent company and its consolidated subsidiaries (“Toyota”) adopted this guidance on April 1, 2017. The adoption of this guidance did not have a material impact on Toyota’s consolidated financial statements.

In March 2016, the FASB issued updated guidance for effect of derivative contract novations on existing hedge accounting relationships. This guidance clarifies that a change in the counterparty to a designated derivative hedging instrument does not, in and of itself, require designation of that hedging relationship provided that all other hedge accounting criteria continue to be met. Toyota adopted this guidance on April 1, 2017. The adoption of this guidance did not have a material impact on Toyota’s consolidated financial statements.

In March 2016, the FASB issued updated guidance for contingent put and call options in debt instruments. This guidance clarifies whether embedded contingent put and call options are clearly and closely related to the debt host when bifurcating embedded derivatives. Toyota adopted this guidance on April 1, 2017. The adoption of this guidance did not have a material impact on Toyota’s consolidated financial statements.

In October 2016, the FASB issued updated guidance for consolidation. Under this guidance, a reporting entity would evaluate its indirect economic interest in a variable interest entity held through a related party under common control on a proportionate basis. Toyota adopted this guidance on April 1, 2017. The adoption of this guidance did not have a material impact on Toyota’s consolidated financial statements.

9

Supplemental Material for Financial Results for FY2018 Second Quarter (Consolidated)

< U.S. GAAP >

	FY2017																		FY2018									FY2018
	1Q (2016/4-6)			2Q (2016/7-9)			First Half 6 months (2016/4-9)			3Q (2016/10-12)			4Q (2017/1-3)			12 months (’16/4-’17/3)			1Q (2017/4-6)			2Q (2017/7-9)			First Half 6 months (2017/4-9)			Forecast 12 months (’17/4-’18/3)
Vehicle Production (thousands of units)		2,149			2,240			4,389			2,240			2,347			8,975			2,216			2,176			4,392
(Japan) – including Daihatsu & Hino		934			1,059			1,993			1,013			1,104			4,109			1,023			1,039			2,062
[Daihatsu & Hino]		[194	]		[215	]		[409	]		[236	]		[277	]		[921	]		[266	]		[260	]		[526	]
(Overseas) – including Daihatsu & Hino		1,215			1,181			2,396			1,227			1,243			4,866			1,193			1,137			2,330
[Daihatsu & Hino]		[86	]		[95	]		[181	]		[114	]		[105	]		[400	]		[92	]		[93	]		[186	]
North America		527			508			1,035			494			534			2,063			509			438			947
Europe		144			135			279			175			183			637			176			152			328
Asia		420			409			829			434			411			1,674			383			406			789
Central and South America		69			69			138			76			68			282			79			86			164
Oceania		21			27			47			22			19			88			20			23			43
Africa		34			33			68			26			28			122			26			32			59
Vehicle Sales (thousands of units)		2,172			2,191			4,363			2,280			2,327			8,971			2,215			2,175			4,389			8,950
(Japan) – including Daihatsu & Hino		511			567			1,078			534			661			2,274			544			543			1,087			2,260
[Daihatsu & Hino]		[132	]		[146	]		[278	]		[150	]		[195	]		[623	]		[164	]		[162	]		[326	]		[680	]
(Overseas) – including Daihatsu & Hino		1,661			1,624			3,285			1,746			1,666			6,697			1,671			1,632			3,302			6,690
[Daihatsu & Hino]		[72	]		[70	]		[142	]		[82	]		[78	]		[302	]		[71	]		[75	]		[145	]		[290	]
North America		715			684			1,400			745			692			2,837			723			672			1,396			2,790
Europe		222			212			434			233			257			925			240			229			469			970
Asia		384			381			765			428			395			1,588			363			382			744			1,550
Central and South America		101			110			210			103			96			409			108			109			217			440
Oceania		64			65			129			66			66			260			74			70			144			280
Africa		43			47			90			44			46			180			42			46			88			190
Middle East		130			124			254			125			113			491			119			122			240			470
Other		2			1			3			2			1			7			2			2			4
Total Retail Unit Sales (thousands of units) [Toyota, Daihatsu and Hino]		2,529			2,538			5,067			2,645			2,539			10,251			2,590			2,626			5,216			10,250
Housing Sales (units)		1,185			1,611			2,796			1,282			6,243			10,321			2,312			5,399			7,711			16,600

Supplemental 1

Supplemental Material for Financial Results for FY2018 Second Quarter (Consolidated)

< U.S. GAAP >

	FY2017																		FY2018									FY2018
	1Q (2016/4-6)			2Q (2016/7-9)			First Half 6 months (2016/4-9)			3Q (2016/10-12)			4Q (2017/1-3)			12 months (’16/4-’17/3)			1Q (2017/4-6)			2Q (2017/7-9)			First Half 6 months (2017/4-9)			Forecast 12 months (’17/4-’18/3)
Foreign Exchange Rates
Yen to US Dollar Rate		108			102			105			109			114			108			111			111			111			as premise: 111
Yen to Euro Rate		122			114			118			118			121			119			122			130			126			as premise: 128
Market Share (Japan)
Toyota (excludingMini-Vehicles) (%)		49.7			49.3			49.5			47.9			45.3			47.8			49.3			45.1			47.1			approximately: 47.0
Toyota, Daihatsu and Hino (includingMini-Vehicles) (%)		47.0			46.1			46.5			45.3			42.6			45.0			46.2			43.3			44.7
Number of Employees		354,974			355,264			355,264			357,072			364,445			364,445			371,888			371,286			371,286	(Note 1)
Net Revenues (billions of yen)		6,589.1			6,481.4			13,070.5			7,084.1			7,442.4			27,597.1			7,047.6			7,143.6			14,191.2			28,500.0
Geographic Information
Japan		3,361.4			3,619.0			6,980.4			3,772.4			4,077.9			14,830.8			3,686.3			3,881.8			7,568.2
North America		2,534.5			2,341.8			4,876.3			2,712.2			2,650.4			10,239.0			2,661.4			2,567.7			5,229.2
Europe		621.8			604.0			1,225.9		��	675.2			779.8			2,681.0			761.5			758.2			1,519.8
Asia		1,182.6			1,118.9			2,301.5			1,261.2			1,257.0			4,819.8			1,196.7			1,287.6			2,484.4
Other		521.5			525.0			1,046.6			559.9			554.5			2,161.0			612.4			625.4			1,237.8
Elimination		-1,632.8			-1,727.5			-3,360.3			-1,896.9			-1,877.3			-7,134.7			-1,870.8			-1,977.3			-3,848.2
Business Segment
Automotive		6,029.0			5,908.9			11,938.0			6,469.5			6,674.2			25,081.8			6,368.6			6,368.2			12,736.8
Financial Services		438.9			432.0			870.9			476.0			476.6			1,823.6			503.7			493.8			997.5
All Other		249.0			283.8			532.8			276.0			512.1			1,321.0			337.9			430.8			768.8
Elimination		-127.8			-143.4			-271.2			-137.4			-220.5			-629.3			-162.8			-149.2			-312.1
Operating Income (billions of yen)		642.2			474.6			1,116.8			438.5			438.9			1,994.3			574.2			522.2			1,096.5			2,000.0
(Operating Income Ratio) (%)		(9.7	)		(7.3	)		(8.5	)		(6.2	)		(5.9	)		(7.2	)		(8.1	)		(7.3	)		(7.7	)		(7.0	)
Geographic Information
Japan		290.3			194.3			484.7			209.3			508.2			1,202.2			319.2			321.3			640.5
North America		171.4			139.8			311.2			70.6			-70.7			311.1			89.2			55.3			144.6
Europe		9.0			25.5			34.5			18.1			-64.9			-12.2			20.3			17.4			37.7
Asia		127.4			95.3			222.7			124.6			87.7			435.1			104.3			109.8			214.2
Other		27.3			25.5			52.8			24.1			-18.3			58.6			38.6			31.6			70.3
Elimination		16.6			-5.9			10.7			-8.3			-3.0			-0.6			2.4			-13.4			-10.9
Business Segment
Automotive		543.4			393.9			937.3			382.7			372.8			1,692.9			489.3			423.1			912.5
Financial Services		90.2			61.9			152.1			42.6			27.5			222.4			75.3			69.4			144.7
All Other		10.3			16.9			27.2			16.5			37.5			81.3			13.6			22.8			36.4
Elimination		-1.7			1.8			0.0			-3.3			0.9			-2.3			-4.0			6.8			2.8
Income before Income Taxes (billions of yen)		677.0			499.4			1,176.5			587.5			429.7			2,193.8			679.3			572.8			1,252.1			2,250.0
(Income before Income Taxes Ratio) (%)		(10.3	)		(7.7	)		(9.0	)		(8.3	)		(5.8	)		(7.9	)		(9.6	)		(8.0	)		(8.8	)		(7.9	)
Equity in Earnings of Affiliated Companies (billions of yen)		90.0			78.3			168.3			89.6			104.0			362.0			137.8			97.2			235.0			410.0
Net Income (billions of yen)		552.4			393.7			946.1			486.5			398.4			1,831.1			613.0			458.2			1,071.3			1,950.0	(Note 2)
(Net Income Ratio) (%)		(8.4	)		(6.1	)		(7.2	)		(6.9	)		(5.4	)		(6.6	)		(8.7	)		(6.4	)		(7.5	)		(6.8	)
Dividends
Common Shares
Cash Dividends (billions of yen)		—			300.3			300.3			—			327.2			627.5			—			293.4			293.4	(Note 3)
Cash Dividends per Share (yen)		—			100			100			—			110			210			—			100			100
Payout Ratio (%)		—			32.1			32.1			—			37.3			34.6			—			27.8			27.8
Model AA Class Shares
Cash Dividends (billions of yen)		—			2.4			2.4			—			2.4			4.9			—			3.7			3.7	(Note 3)
Cash Dividends per Share (yen)		—			52.5			52.5			—			52.5			105			—			79			79
Value of Shares Repurchased (billions of yen)[actual purchase]		147.7			352.2			499.9			104.7			95.1			699.9			—			249.9			249.9	(Note 4)
Value of Shares Repurchased (billions of yen)[shareholder return]		—			199.9			199.9			—			249.9			449.9			—			250.0 (maximum	)		250.0 (maximum	(Note 4)  )(Note 5)
Number of Shares Canceled (thousands)		—			—			—			75,000			—			75,000			—			—			—	(Note 6)
Number of Outstanding Common Shares (thousands)		3,337,997			3,337,997			3,337,997			3,262,997			3,262,997			3,262,997			3,262,997			3,262,997			3,262,997
Number of Outstanding Model AA Class Shares (thousands)		47,100			47,100			47,100			47,100			47,100			47,100			47,100			47,100			47,100

Supplemental 2

Supplemental Material for Financial Results for FY2018 Second Quarter (Consolidated)

< U.S. GAAP >

	FY2017												FY2018							FY2018
	1Q (2016/4-6)		2Q (2016/7-9)		First Half 6 months (2016/4-9)		3Q (2016/10-12)		4Q (2017/1-3)		12 months (’16/4-’17/3)		1Q (2017/4-6)		2Q (2017/7-9)		First Half 6 months (2017/4-9)			Forecast 12 months (’17/4-’18/3)
R&D Expenses (billions of yen)		274.1		258.2		532.4		261.5		243.5		1,037.5		278.6		272.0		550.6			1,060.0
Depreciation Expenses (billions of yen)		205.8		215.1		421.0		225.3		246.9		893.2		212.9		242.3		455.3			950.0	(Note 7)
Geographic Information
Japan		111.9		120.2		232.1		125.4		139.6		497.2		108.4		132.6		241.1			520.0
North America		42.0		43.1		85.2		44.0		49.1		178.4		45.5		48.7		94.3			190.0
Europe		11.1		11.7		22.9		13.3		14.0		50.3		15.4		16.3		31.8			70.0
Asia		32.2		31.5		63.8		33.1		34.8		131.7		34.1		35.3		69.5			130.0
Other		8.4		8.3		16.7		9.3		9.3		35.4		9.2		9.2		18.5			40.0
Capital Expenditures (billions of yen)		253.3		257.8		511.1		268.2		432.3		1,211.8		205.7		285.1		490.9			1,280.0	(Note 7)
Geographic Information
Japan		135.1		137.3		272.5		133.7		233.9		640.2		112.5		152.1		264.7			660.0
North America		70.1		85.3		155.4		84.4		134.5		374.5		65.3		70.9		136.2			330.0
Europe		10.8		12.9		23.7		12.8		22.3		58.9		4.8		15.0		19.9			70.0
Asia		29.1		14.4		43.6		29.2		30.2		103.1		13.3		29.3		42.7			140.0
Other		8.0		7.7		15.7		7.9		11.2		34.9		9.6		17.6		27.2			80.0
Total Liquid Assets (billions of yen)		8,700.2		8,469.6		8,469.6		8,819.3		9,199.5		9,199.5		9,364.0		9,306.7		9,306.7	(Note 8)
Total Assets (billions of yen)		44,524.3		43,776.1		43,776.1		48,111.4		48,750.1		48,750.1		49,456.0		50,253.0		50,253.0
Toyota Motor Corporation Shareholders' Equity (billions of yen)		16,127.8		16,391.9		16,391.9		17,293.2		17,514.8		17,514.8		17,874.2		18,253.4		18,253.4
Return on Equity (%)		13.4		9.6		11.4		11.5		9.1		10.6		13.8		10.1		11.9
Return on Asset (%)		4.8		3.6		4.1		4.2		3.3		3.8		5.0		3.7		4.3
Number of Consolidated Subsidiaries (including Variable Interest Entities)												597
No. of Affil. Accounted for Under the Equity Method												54

Analysis of Consolidated Net Income for FY2018(Note 2) (billions of yen, approximately)	2Q (2017/7-9)		First Half 6 months (2017/4-9)
Effects of Marketing Activities		-130.0		-160.0
Effects of Changes in Exchange Ratesø		135.0		100.0
Cost Reduction Efforts		50.0		100.0
From Engineering		40.0		80.0
From Manufacturing and Logistics		10.0		20.0
Increases in Expenses, etc.		-5.0		-50.0
Other		-2.4		-10.3
(Changes in Operating Income)		47.6		-20.3
Non-operating Income		25.7		95.9
Equity in Earnings of Affiliated Companies		18.8		66.6
Income Taxes, Net Income Attributable to Noncontrolling Interests		-27.6		-17.1
(Changes in Net Income)(Note 2)		64.5		125.1

Supplemental 3

Supplemental Material for Financial Results for FY2018 Second Quarter (Unconsolidated)

< Japan GAAP >

	FY2017																		FY2018									FY2018
	1Q (2016/4-6)			2Q (2016/7-9)			First Half 6 months (2016/4-9)			3Q (2016/10-12)			4Q (2017/1-3)			12 months (’16/4-’17/3)			1Q (2017/4-6)			2Q (2017/7-9)			First Half 6 months (2017/4-9)			Forecast 12 months (’17/4-’18/3)
Toyota & Lexus brand
Domestic Vehicle Production (thousands of units)		740			844			1,584			777			827			3,188			757			779			1,536			3,180
Overseas Vehicle Production (thousands of units)		1,494			1,422			2,916			1,477			1,498			5,891			1,464			1,420			2,884			5,770
Domestic Vehicle Retail Sales (thousands of units)		366			413			779			382			475			1,636			390			383			773			1,580
Exports Vehicle Sales (thousands of units)		393			456			849			462			415			1,726			440			457			897			1,800
North America		160			175			335			201			170			706			190			193			383			780
Europe		60			73			133			65			66			264			57			63			120			250
Asia		59			77			136			74			57			267			72			77			149			290
Central and South America		10			14			24			11			14			49			12			12			24			50
Oceania		36			43			79			35			40			154			40			42			82			170
Africa		13			15			28			14			11			53			14			15			29			50
Middle East		54			57			111			61			55			227			53			54			107			210
Other		1			2			3			1			2			6			2			1			3
Net Revenues (billions of yen)		2,644.8			2,854.8			5,499.7			2,978.2			2,998.3			11,476.3			2,870.2			2,918.1			5,788.3			11,700.0
Domestic		939.6			1,036.7			1,976.4			973.2			1,135.9			4,085.5			962.8			946.5			1,909.4
Exports		1,705.2			1,818.0			3,523.3			2,004.9			1,862.3			7,390.7			1,907.3			1,971.5			3,878.8
Operating Income (billions of yen)		243.6			116.3			359.9			118.3			358.8			837.2			222.4			215.5			438.0			990.0
(Operating Income Ratio) (%)		( 9.2	)		(4.1	)		(6.5	)		(4.0	)		(12.0	)		(7.3	)		(7.8	)		(7.4	)		(7.6	)		(8.5	)
Ordinary Income (billions of yen)		479.2			383.3			862.5			552.8			386.3			1,801.7			570.7			513.2			1,084.0			1,970.0
(Ordinary Income Ratio) (%)		(18.1	)		(13.4	)		(15.7	)		(18.6	)		(12.9	)		(15.7	)		(19.9	)		(17.6	)		(18.7	)		(16.8	)
Net Income (billions of yen)		406.8			331.1			737.9			479.1			312.7			1,529.9			488.1			437.4			925.6			1,680.0
(Net Income Ratio) (%)		(15.4	)		(11.6	)		(13.4	)		(16.1	)		(10.4	)		(13.3	)		(17.0	)		(15.0	)		(16.0	)		(14.4	)
R&D Expenses (billions of yen)		237.4			226.4			463.8			232.9			212.8			909.6			241.6			237.3			479.0			920.0
Depreciation Expenses (billions of yen)		57.5			55.6			113.1			50.4			49.0			212.6			58.4			58.0			116.5			230.0
Capital Expenditures (billions of yen)		64.9			56.8			121.7			63.1			109.6			294.5			54.0			57.6			111.6			280.0

Analysis of Unconsolidated Net Income for FY2018 (billions of yen, approximately)		2Q (2017/7-9)		First Half 6 months (2017/4-9)
Effects of Marketing Activities			-75.0		-55.0
Effects of Changes in Exchange Ratesø			115.0		85.0
Cost Reduction Efforts			35.0		70.0
	From Engineering		35.0		65.0
	From Manufacturing and Logistics		0.0		5.0
Increases in Expenses, etc.			25.0		-20.0
Other			-0.8		-2.0
(Changes in Operating Income)			99.2		78.0
Non-operating Income			30.7		143.4
Income Taxes, etc.			-23.6		-33.8
(Changes in Net Income)			106.3		187.6

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 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, 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 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.

(Note 1) Shows the number of employees as of the end of each period (excluding loan employees from Toyota and its consolidated subsidiaries (“Toyota”) to outside Toyota and including loan employees from outside Toyota to Toyota)

(Note 2) Shows “Net income attributable to Toyota Motor Corporation”

(Note 3) 2Q= Interim Dividend, 4Q= Year-end Dividend, FY= Annual Dividend

(Note 4) Value of common shares repurchased (excluding shares constituting less than one unit that were purchased upon request)

(Note 5) Value of common shares repurchased (shareholder return on Net Income for the period)

(Note 6) Number of common shares canceled

(Note 7) Figures for depreciation expenses and capital expenditures do not include vehicles in operating lease

(Note 8) Excludes financial subsidiaries

ø Translational impacts concerning operating income of overseas subsidiaries and concerning provisions in foreign currencies are included in “Effects of Changes in Exchange Rates”.

Supplemental 4