fy2008 first quarter financial results

FY2008 First Quarter Financial ResultsThree months ended June 30, 2007

-prepared in accordance with U.S.GAAP-

FY2008 First Quarter Financial ResultsThree months ended June 30, 2007

-prepared in accordance with U.S.GAAP-

Toyota Motor CorporationAugust 3, 2007

Toyota Motor CorporationAugust 3, 2007

2Cautionary Statement with Respect to Forward-Looking Statements

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: (i) changes in economic conditions and market demand affecting, and the competitive environment in, the automotive markets in Japan, North America, Europe 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 and the British pound; (iii) Toyota’s ability to realize production efficiencies and to implement capital expenditures at the levels and times planned by management; (iv) 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 trade, environmental protection, vehicle emissions, vehicle fuel economy and vehicle safety, as well as changes in laws, regulations and government policies that affect Toyota’s other operations, including the outcome of future litigation and other legal proceedings; (v) political instability in the markets in which Toyota operates; (vi) Toyota’s ability to timely develop and achieve market acceptance of newproducts; and (vii) fuel shortages or interruptions in 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. 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.

3Caution concerning Insider TradingUnder 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 disclosed by ways of electromagnetic means as prescribed by the ordinance of the Cabinet Office (posting on the TDnet (Timely Disclosure Network) information service and ED-NET (Electronic 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.

Takahiko IjichiTakahiko Ijichi

Managing OfficerManaging Officer

FY2008 First Quarter

【Financial Results】

6Consolidated Vehicle Sales

Change

222

543 500

747 762

308 333

193300 345

0

1,000

2,000

'06/4-6 '07/4-6

Other

Asia

Europe

N. America

Japan

2,162

（thousands of vehicles）

(+ 71)(+ 45)

(+ 25)

(+ 15)

（-43）

(+ 29)

2,091

〔2,208〕〔2,365〕-Figures in square brackets show total retail vehicle sales in thousands

〔+ 157〕

7Consolidated Financial Summary

FY2008 Q1（’07/4-6）

Net RevenuesNet Revenues

FOREX RatesFOREX Rates

Income before income taxes, Income before income taxes, minority interest and equity minority interest and equity

earnings of affiliated companiesearnings of affiliated companies

Operating IncomeOperating Income

Change

(billions of yen)

6,522.66,522.6

675.4675.4

739.0739.0

491.5491.5

121 yen121 yen163 yen163 yen

5,638.15,638.1

512.4512.4

554.6554.6

371.5371.5

115 yen115 yen144 yen144 yen

884.5884.5

163.0163.0

184.4184.4

120.0120.0

+ 6 yen+ 6 yen+ 19 yen+ 19 yen

15.7%15.7%

31.8%31.8%

33.2%33.2%

32.3%32.3%

FY2007 Q1（’06/4-6）

$$€€

Net IncomeNet Income

8

400

450

500

550

600

650

700

'06/4-6 '07/4-6

675.4(+ 163.0)

512.4

(billions of yen)

Increases in Expenses- 57.0

Cost Reduction Efforts+ 20.0

Marketing Efforts+ 100.0

Effect of favorable FOREX rates

+ 100.0

- 21.5- 21.1- 11.5

Depreciation and CAPEX related costs.........

R&D Expenses...................Labor costs .......................

Valuation loss of interest swap rates ..........................Others ................................

- 1.0- 1.9

< Details of Increases in Expenses >

Contributing Factors to Consolidated Operating Income

9Geographic Operating Income:Japan

-Increase in exports mainly contributed to increase in profit.-Improved product mix due to strong sales of the new Lexus LS.

(billions of yen)

383.5391.4

293.0

396.6 389.3

0

200

400

600

'06/4-6 '07/4-6 '06/7-9 '06/10-12 '07/1-3

659

530 541

543

500FY08/3FY07/3

<Consolidated Vehicle Sales (thousands of vehicles)>

+ 103.6 billion yen

10

-Strong sales of fuel efficient vehicles and new models-Tundra and Lexus LS.- Increase in vehicle sales of the Tundra contributed to increased profit.

100.0

160.2140.1

110.499.1

0

50

100

150

200

'06/4-6 '07/4-6 '06/7-9 '06/10-12 '07/1-3

747764

717 714

762

+ 20.1 billion yen


FY08/3FY07/3

(billions of yen)

Geographic Operating Income:North America

11

-Continued to increase profit, mainly due to the strong start of the Auris.

36.534.829.5

36.5 38.5

0

10

20

30

40

50

'06/4-6 '07/4-6 '06/7-9 '06/10-12 '07/1-3

308 306281

329

333

+ 2.0 billion yen


FY08/3FY07/3

(billions of yen)

Geographic Operating Income: Europe

12

-Sales recovery, mainly in Indonesia.-Contribution to the increased profit by Chinese subsidiaries, from expanded local operations in China.

28.228.131.330.0

49.6

0

20

40

60

'06/4-6 '07/4-6 '06/7-9 '06/10-12 '07/1-3

203189 204193

222

+ 19.6 billion yen


FY08/3FY07/3

(billions of yen)

Geographic Operating Income: Asia

13

-Favorable sales in all regions contributed to increased profit.

300340337 319

345

16.4

31.0

20.215.9

38.6

0

20

40

60

'06/4-6 '07/4-6 '06/7-9 '06/10-12 '07/1-3

+ 22.7 billion yen


FY08/3FY07/3

(billions of yen)

Geographic Operating Income: Other

14

-Profit increased due to the steady increase in the outstanding loan balance. -Valuation loss on interest swap rates = - 1.0 billion yen.

37.3

48.347.7

32.2

41.3

0

10

20

30

40

50

'06/4-6 '07/4-6 '06/7-9 '06/10-12 '07/1-3

<Operating Income>

+ 0.6 billion yen

(billions of yen)

Business Segment: Financial Services

15

54.066.1

33.2

56.2

81.8

0

20

40

60

80

'06/4-6 '07/4-6 '06/7-9 '06/10-12 '07/1-3

(- 1.1)(14.7)(4.5) (6.5) (14.2)China(included above )

+ 25.6 billion yen

(billions of yen)

- Strong performance led by Toyota Group companies in Japan andChinese joint venture companies

Equity Earnings of Affiliated Companies

16

2,908.82,908.8

324.6324.6

511.0511.0

361.5361.5

2,698.52,698.5

246.5246.5

399.9399.9

277.6277.6

210.3210.3

78.178.1

111.1111.1

83.983.9

7.8%7.8%

31.7%31.7%

27.8%27.8%

30.2%30.2%

Unconsolidated Financial Summary (Japan GAAP)

(billions of yen)

FY2008 Q1（’07/4-6） ChangeFY2007 Q1

（’06/4-6）



Ordinary IncomeOrdinary Income


17

150

200

250

300

350

'06/4-6 '07/4-6

246.5

Increases in Expenses- 71.9

Cost Reduction Efforts+ 10.0Marketing Efforts

+ 40.0

Effect of favorableFOREX rates

+ 100.0

- 13.0

- 8.1+0.8

R&D Expenses.....................Depreciation andCAPEX related costs...........Labor costs..................

Others....... - 51.6

<Details of Increases in Expenses>

324.6(+ 78.1)

Contributing Factors to Unconsolidated Operating Income

(billions of yen)

FY2008 First Quarter

【Prospects for FY2008】

19

890

2,273 2,320

2,942 2,990

1,224 1,270789

1,296 1,420

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

'06/4-'07/3 '07/4-'08/3

Other

Asia

Europe

N.America

Japan

8,890 (+ 366)(+ 124)

(+ 46)

(+ 48)

(+ 47)

(+ 101)

8,524

【FY2007 Results】【FY2008 Prospects】

(thousands of vehicles)

Figures in parenthesis represent expected year-on-year change

Consolidated Prospects: Vehicle Sales

20

25,000.025,000.0

2,250.02,250.0

2,400.02,400.0

1,650.01,650.0

115 yen115 yen

150 yen150 yen

23,948.023,948.0

2,238.62,238.6

2,382.52,382.5

1,644.01,644.0

117 yen117 yen

150 yen150 yen

1,052.01,052.0

11.411.4

17.517.5

6.06.0

-- 2 yen2 yen

－－

4.4%4.4%

0.5%0.5%

0.7%0.7%

0.4%0.4%

(billions of yen)

$$€€


FOREX RatesFOREX Rates


Income before income taxes, Income before income taxes, minority interest and equity minority interest and equity

earnings of affiliated companiesearnings of affiliated companies


FY2008(’07/4-’08/3)

FY2008(’07/4-’08/3)

FY2007(’06/4-’07/3)

FY2007(’06/4-’07/3) ChangeChange

FY2008 Consolidated Prospects

21

CapitalExpenditure R&D ExpensesDepreciation

Expenses

FY2008 Consolidated Prospects :CAPEX, Depreciation, R&D(billions of yen)

ConsolidatedConsolidated

N. AmericaN. America

JapanJapan

EuropeEurope

AsiaAsia

OthersOthers

1,500.01,500.0 (+ 17.4) 1,020.01,020.0 (+ 73.0) 940.0940.0 (+ 49.3)

800.0800.0 (- 15.3) 630.0630.0 (+ 37.5)

400.0400.0 (+ 80.7) 190.0190.0 (+ 24.7)

110.0110.0 (- 9.7) 90.090.0 (+ 0.5)

110.0110.0 (- 31.6) 65.065.0 (+ 3.1)

80.080.0 (- 6.7) 45.045.0 (+ 7.2)

Figures in parenthesis represent year-on-year change

22

1.1%1.1%

22.2%.2%

6.6%6.6%

FY2008 Unconsolidated Prospects(billions of yen)

FY2008(’07/4-’08/3)

FY2008(’07/4-’08/3) ChangeChangeFY2007

(’06/4-’07/3)FY2007

(’06/4-’07/3)



Ordinary IncomeOrdinary Income


11,700.011,700.0 11,571.811,571.8 128.2128.2

1,100.01,100.0 1,150.91,150.9 -- 50.50.99 -- 4.4%4.4%

1,590.01,590.0 1,555.11,555.1 34.934.9

1,130.01,130.0 1,060.11,060.1 69.969.9

23

1,7201,7202,5902,5906,9006,900

1,6591,6592,5972,5976,4436,443

5,2005,200 5,0015,001

4,2804,280 4,1854,1854,3804,380 3,9393,9398,6608,660 8,1248,124

FY2008 Toyota’s Operations Prospects

FY2008(’07/4-’08/3)

FY2008(’07/4-’08/3)

FY2007(’06/4-’07/3)

FY2007(’06/4-’07/3)

(thousands of vehicles) (thousands of vehicles)

AutomotiveAutomotiveProductionProduction

JapanJapan

OverseasOverseas

TotalTotal

Sales (Japan)Sales (Japan)

Sales (Overseas)Sales (Overseas)ExportsExports

Housing SalesHousing Sales Units Units

August 3, 2007August 3, 2007

FY2008 First Quarter Financial ResultsFY2008 First Quarter Financial ResultsThree months ended June 30, 2007

- prepared in accordance with U.S.GAAP -

Toyota Motor CorporationToyota Motor CorporationToyota Motor Corporation

fy2008 first quarter financial results

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