Final Results 3/10

Toyota Motor Corporation
10 May 2006

                        FY2006 Consolidated Financial Results
                     (April 1, 2005 through March 31, 2006)

   (All financial information has been prepared in accordance with accounting
         principles generally accepted in the United States of America)

        English translation from the original Japanese-language document



                                                                    May 10, 2006
Company name                                           : Toyota Motor Corporation
Stock exchanges on which the shares are listed         : Tokyo, Nagoya, Osaka, Fukuoka and Sapporo
                                                       Stock Exchanges in Japan
Code number                                            : 7203
Location of the head office                            : Aichi Prefecture
URL                                                    : http://www.toyota.co.jp
Representative                                         : Katsuaki Watanabe, President
Contact person                                         : Masaki Nakatsugawa, General Manager, Accounting Division
                                                       Tel. [phone]
Date of the meeting of the Board of Directors for      : May 10, 2006
FY2006 financial results
Whether or not to be prepared in accordance with       : Yes
accounting principles generally accepted in the United
States of America



1. Consolidated Results for FY2006  (April 1, 2005 through March 31, 2006)



(1) Consolidated financial results
                (Amounts are rounded to the nearest million yen)
                           Net revenues                  Operating income           Income before income taxes,
                                                                                  minority interest and equity in
                                                                                  earnings of affiliated companies
                           Million yen          %          Million yen          %           Million yen          %
FY2006                      21,036,909     (13.4)            1,878,342     (12.3)              2,087,360    (19.0)
FY2005                      18,551,526      (7.3)            1,672,187      (0.3)              1,754,637    (-0.6)


                            Net income             Net income   Net income   Return on    Ratio of     Ratio of
                                                   per share    per share     equity       income       income
                                                    - Basic     - Diluted               before taxes before taxes
                                                                                          to total      to net
                                                                                           assets      revenues
                           Million yen          %          Yen          Yen           %            %            %
FY2006                       1,372,180     (17.2)       421.76       421.62        14.0          7.9          9.9
FY2005                       1,171,260      (0.8)       355.35       355.28        13.6          7.6          9.5

Note 1: Equity in earnings of affiliated companies: FY2006  164,366 million yen,
  FY2005  139,471 million yen.

Note 2: Average number of shares issued and outstanding in each fiscal year
(consolidated): FY2006 3,253,450,041 shares, FY2005 3,296,092,000 shares.

Note 3: Regarding net revenues, operating income, income before income taxes,
minority interest and equity in earnings of affiliated companies and net income,
the figures in parentheses show percentage of changes from the previous fiscal
year.



(2) Consolidated financial position
                      Total assets         Shareholders' equity           Ratio of         Shareholders' equity per
                                                                    shareholders' equity          share
                                                                    
                             Million yen              Million yen                        %                      Yen
FY2006                        28,731,595               10,560,449                     36.8                 3,257.63
FY2005                        24,335,011                9,044,950                     37.2                 2,767.67

Note: Number of shares issued and outstanding at the end of each fiscal year
(consolidated): FY2006 3,241,757,467 shares, FY2005 3,268,078,939 shares.



(3) Consolidated cash flows
                      From operating           From investing           From financing          Cash and cash
                        activities               activities               activities        equivalents at end of
                                                                                                     year
                              Million yen              Million yen              Million yen            Million yen
FY2006                          2,515,480              (3,375,500)                  876,911              1,569,387
FY2005                          2,370,940              (3,061,196)                  419,384              1,483,753




                     FY2006 Consolidated Financial Results

                     (April 1, 2005 through March 31, 2006)

   (All financial information has been prepared in accordance with accounting
         principles generally accepted in the United States of America)

        English translation from the original Japanese-language document



(4) Scope of consolidation and equity method


Number of consolidated subsidiaries                            523 Companies
Number of affiliated companies                                 219 Companies
Number of affiliated companies accounted for under the          56 Companies
equity method



(5) Changes in scope of consolidation and equity method


Consolidated subsidiaries
(increase)                 13 companies Panasonic EV Energy Co., Ltd., etc.
(decrease)                 14 companies Toyota Motor Engineering & Manufacturing Europe NV/SA, etc.
Affiliated companies accounted for under the equity method
(increase)                    1 company FAW Toyota Changchun Engine Co., Ltd.
(decrease)                    1 company Toyoda Machine Works, Ltd.





2. Forecast of consolidated results for FY2007 (April 1, 2006 through March 31,
2007)


                       Net revenues           Operating income       Income before income         Net income
                                                                   taxes, minority interest
                                                                    and equity in earnings
                                                                   of affiliated companies
                              Million yen              Million yen              Million yen            Million yen
FY2007                         22,300,000                1,900,000                1,970,000              1,310,000

Reference: Forecast of net income per share - Basic (FY2007): 404.10 Yen








                    FY2006 Unconsolidated Financial Results
                     (April 1, 2005 through March 31, 2006)
   (All financial information has been prepared in accordance with accounting
                    principles generally accepted in Japan)
        English translation from the original Japanese-language document



                                                                    May 10, 2006
Company name                                      : Toyota Motor Corporation
Stock exchanges on which the shares are listed    : Tokyo, Nagoya, Osaka, Fukuoka and Sapporo

                                                  Stock Exchanges in Japan
Code number                                       : 7203
Location of the head office                       : Aichi Prefecture
URL                                               : http://www.toyota.co.jp
Representative                                    : Katsuaki Watanabe, President
Contact person                                    : Masaki Nakatsugawa, General Manager, Accounting Division

                                                   Tel. [phone]
Date of the meeting of the Board of Directors for : May 10, 2006
FY2006 financial results
Provision for interim cash dividends              : Provision exists.
Payment date of cash dividends                    : June 26, 2006

Date of the ordinary general meeting of           : June 23, 2006
shareholders
Number of shares in unit share system             : 100 shares



1. Unconsolidated results for FY2006 (April 1, 2005 through March 31, 2006)



(1) Unconsolidated financial results
       (Amounts less than one million yen are omitted)
                         Net sales                   Operating income                 Ordinary income
                       Million yen          %          Million yen          %            Million yen         %
FY2006                  10,191,838     (10.6)              847,998    ( 20.9)              1,104,781   ( 29.0)
FY2005                   9,218,386     ( 2.8)              701,390   (- 15.9)                856,231   (- 6.5)


                      Net income            Net income    Net income    Return on     Ratio of      Ratio of
                                             per share     per share      equity      ordinary      ordinary
                                                                                      income to   income to net
                                              - Basic      - Diluted                total assets      sales
                    Million yen          %           Yen           Yen            %             %             %
FY2006                  765,961    ( 44.7)        235.20        235.13         12.0          11.6          10.8
FY2005                  529,329    (- 9.0)        160.38        160.35          8.8           9.6           9.3

Note 1: Average number of shares issued and outstanding in each fiscal year:
FY2006  3,253,450,041 shares,  FY2005  3,296,182,405 shares

Note 2: Regarding net sales, operating income, ordinary income and net income,
the figures in parentheses show percentage of changes from the previous fiscal
year.



(2) Cash dividends
                Annual cash dividends per share     Total amount of     Dividends payout   Ratio of total amount
                                                      annual cash             ratio           of dividends to
                                                       dividends                           shareholders' equity
                            Interim    Year-end
                      Yen         Yen         Yen          Million yen                   %                     %
FY2006              90.00       35.00       55.00              292,141                38.3                   4.4
FY2005              65.00       25.00       40.00              212,772                40.5                   3.5



.(3) Unconsolidated financial position
                   Total assets         Shareholders' equity    Ratio of shareholders'  Shareholders' equity per
                                                                        equity                   share
                          Million yen              Million yen                        %                      Yen
FY2006                      9,909,010                6,686,895                     67.5                 2,062.51
FY2005                      9,070,991                6,057,810                     66.8                 1,853.42

Note 1: Number of shares issued and outstanding at the end of each fiscal year :
FY2006  3,241,757,467 shares,  FY2005  3,268,078,939 shares

Note 2: Number of treasury stock at the end of each fiscal year : FY2006
368,240,025 shares,  FY 2005  341,918,553 shares






                    FY2006 Unconsolidated Financial Results
                     (April 1, 2005 through March 31, 2006)
   (All financial information has been prepared in accordance with accounting
                    principles generally accepted in Japan)
        English translation from the original Japanese-language document


2. Forecast of unconsolidated results for FY2007 (April 1, 2006 through March
31, 2007)


                                     Net sales        Operating income     Ordinary income       Net income
                                        Million yen          Million yen         Million yen         Million yen
FY2007 semi-annual (for                   5,200,000              370,000             560,000             380,000
six-month period ending
September 30,2006)
FY2007                                   11,000,000              880,000           1,230,000             850,000

Reference: Forecast of net income per share - Basic (FY2007): 262.20 Yen



Cautionary Statement with Respect to Forward-Looking Statements



This report contains forward-looking statements that reflect Toyota's forecasts
for consolidated and unconsolidated results.  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 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 new products; 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.






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