Final Results 3/6

Toyota Motor Corporation
10 May 2005

FY2005 Consolidated Financial Results

                     (April 1, 2004 through March 31, 2005)

   (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, 2005
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                                         : Fujio Cho, President
Contact person                                         : Masaki Nakatsugawa, General Manager, Accounting Division
                                                       Tel. [phone]
Date of the meeting of the Board of Directors for      : May 10, 2005
FY2005 financial results
Whether or not to be prepared in accordance with       : Yes
accounting principles generally accepted in the United
States of America



Results of FY2005  (April 1, 2004 through March 31, 2005)



(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          %
FY2005                      18,551,526      <7.3>            1,672,187      <0.3>              1,754,637    <-0.6>
FY2004                      17,294,760     <11.6>            1,666,890     <31.1>              1,765,793    <44.0>


                            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           %            %            %
FY2005                       1,171,260      <0.8>       355.35       355.28        13.6          7.6          9.5
FY2004                       1,162,098     <54.8>       342.90       342.86        15.2          8.4         10.2

Note 1: Equity in earnings of affiliated companies: FY2005  139,471 million yen,
 FY2004  120,295 million yen.

Note 2: Average number of shares issued and outstanding in each fiscal year
(consolidated): FY2005

3,296,092,000 shares, FY2004 3,389,074,481 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
FY2005                        24,335,011                9,044,950                     37.2                 2,767.67
FY2004                        22,040,228                8,178,567                     37.1                 2,456.08

Note: Number of shares issued and outstanding at the end of each fiscal year
(consolidated): FY2005

3,268,078,939 shares, FY2004 3,329,921,097 shares.



(3) Consolidated cash flows
                      From operating           From investing           From financing          Cash and cash
                        activities               activities               activities        equivalents at the end
                                                                                                 of the year
                              Million yen              Million yen              Million yen            Million yen
FY2005                          2,370,940              (3,061,196)                  419,384              1,483,753
FY2004                          2,186,734              (2,216,495)                  242,223              1,729,776



(4) Scope of consolidation and equity method


Number of consolidated subsidiaries                            524 Companies
Number of affiliated companies                                 222 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)                   23 companies Guangqi Toyota Engine Co., Ltd., Toyota Norge AS, etc.
(decrease)                   53 companies Araco Corp., Takanichi Co., Ltd., Toyota Vista Tokyo Motor Sales
                                          Co., Ltd., etc.
Affiliated companies accounted for under the equity method
(increase)                    3 companies Toyota Boshoku Corporation, Toyota Peugeot Citroen Automobile
                                          Czech, s.r.o., etc.
(decrease)                           None





                    FY2005 Unconsolidated Financial Results

                     (April 1, 2004 through March 31, 2005)

  ( 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, 2005
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                                     : Fujio Cho, President
Contact person                                     : Masaki Nakatsugawa, General Manager, Accounting Division

                                                    Tel. [phone]
Date of the meeting of the Board of Directors for  : May 10, 2005
FY2005 financial results
Provision for interim cash dividends               : Provision exists.
Payment date of cash dividends                     : June 24, 2005

Date of the ordinary general meeting of            : June 23, 2005
shareholders
Number of shares in unit share system              : 100 shares



1. Results of FY2005 (April 1, 2004 through March 31, 2005)



(1) Unconsolidated financial results
(Amounts less than one million yen are omitted)
                         Net sales                   Operating income                 Ordinary income
                       Million yen          %          Million yen          %            Million yen         %
FY2005                   9,218,386      (2.8)              701,390   (- 15.9)                856,231   ( -6.5)
FY2004                   8,963,712      (2.6)              833,791     (-3.2)                915,728     (2.6)


                      Net income               Net income    Net income    Return on     Ratio of      Ratio of
                                                per share     per share      equity      ordinary      ordinary
                                                 - basic      - diluted                 income to   income to net
                                                                                     total assets      sales
                    Million yen          %           Yen           Yen            %             %             %
FY2005                  529,329    (- 9.0)        160.38        160.35          8.8           9.6           9.3
FY2004                  581,470     (-8.3)        171.08        171.06          9.9          10.5          10.2

Note 1: Average number of shares issued and outstanding in each fiscal year:
FY2005  3,296,182,405 shares,  FY2004  3,394,992,707 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                   %                     %
FY2005              65.00       25.00       40.00              212,772                40.5                   3.5
FY2004              45.00       20.00       25.00              151,246                26.0                   2.5



(3) Unconsolidated financial position
                   Total assets         Shareholders' equity    Ratio of shareholders'  Shareholders' equity per
                                                                        equity                   share
                          Million yen              Million yen                        %                      Yen
FY2005                      9,070,991                6,057,810                     66.8                 1,853.42
FY2004                      8,817,164                5,984,675                     67.9                 1,796.75

Note 1: Number of shares issued and outstanding at the end of each fiscal year :
FY2005  3,268,078,939 shares,  FY2004  3,330,470,317 shares

Note 2: Number of treasury stock at the end of each fiscal year : FY2005
341,918,553 shares,  FY 2004  279,527,175 shares



2. Forecast of unconsolidated results for FY2006 (April 1, 2005 through March
31, 2006)
                                            Net sales             Ordinary income             Net income
                                                  Million yen              Million yen              Million yen
FY2006 semi-annual (for six-month                   4,500,000                  330,000                  220,000
period ending September 30, 2005)
FY2006                                              9,400,000                  770,000                  500,000



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: (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.








                      This information is provided by RNS
            The company news service from the London Stock Exchange