Securities Report 12/12

Toyota Motor Corporation
24 June 2004



5    (Supplemental information schedule for consolidated financial statements)

     (Bonds)

          Refer to Note 13 of the Notes to Consolidated Financial Statements.

     (Borrowings)

          Refer to Note 13 of the Notes to Consolidated Financial Statements.



(2)  Other

(U.S. GAAP Financial Information)

The accompanying financial information as of and for the year ended March 31,
2003 in conformity with U.S. GAAP, has not been audited with the auditing 
standards which is required by the article 193-2 of the Securities and Exchange
Law.


1    Consolidated balance sheets


                                                                          FY2003
                                                                      March 31, 2003

           Item                                                 Yen in millions          Percentage
(Assets)
1    Current assets
  1  Cash and cash equivalents                                            1,592,028
  2  Time deposits                                                        55,406
  3  Marketable securities                                                605,483
  4  Trade accounts and notes receivable, less allowance                  1,475,797
     for doubtful accounts of 29,489 million yen
  5  Finance receivables, net                                             2,505,140
  6  Other receivables                                                    513,952
  7  Inventories                                                          1,025,838
  8  Deferred income taxes                                                385,148
  9  Prepaid expenses and other current assets                            463,441
     Total current assets                                                 8,622,233           42.8
2    Noncurrent finance receivables, net                                  2,569,808           12.8
3    Investments and other assets
 1 Marketable securities and other securities                             1,652,110
   investments
 2 Affiliated companies                                                   1,279,645
 3 Employees receivables                                                  21,270
 4 Other                                                                  804,029
   Total investments and other assets                                     3,757,054           18.6
4  Property, plant and equipment
  1  Land                                                                 1,064,125
  2  Buildings                                                            2,521,208
  3  Machinery and equipment                                              7,089,592
  4  Vehicles and equipment on operating leases                           1,601,060
  5  Construction in progress                                             211,584
     Sub total                                                            12,487,569
  6  Less - Accumulated depreciation                                      (7,283,690)
     Property, plant and equipment, net                                   5,203,879           25.8
     Total assets                                                         20,152,974          100.0






                                                                             FY2003
                                                                      March 31, 2003

            Item                                               Yen in millions             Percentage
(Liabilities)

1    Current liabilities
 1  Short-term borrowings                                                1,855,648
 2  Current portion of long-term debt                                    1,263,017
 3  Accounts payable                                                     1,531,552
 4  Other payables                                                       618,748
 5  Accrued expenses                                                     1,063,496
 6  Income taxes payable                                                 300,718
 7  Other current liabilities                                            420,757
    Total current liabilities                                            7,053,936           35.0
 2    Long-term liabilities
 1  Long-term debt                                                       4,137,528
 2  Accrued pension and severance costs                                  1,052,687
 3  Deferred income taxes                                                371,004
 4  Other long-term liabilities                                          101,353
    Total long-term liabilities                                          5,662,572           28.1
    Total liabilities                                                    12,716,508          63.1
(Minority interest in consolidated subsidiaries)
  Minority interest in consolidated subsidiaries                         315,466             1.6
(Shareholders' equity)
 1 Common stock, no par value,                                           397,050             2.0
   authorized: 9,740,185,400 shares;
   issued: 3,609,997,492 shares
 2  Additional paid-in capital                                           493,790             2.4
 3  Retained earnings                                                    7,301,795           36.2
 4  Accumulated other comprehensive loss                                 (604,272)           (3.0)
 5 Treasury stock, at cost                                               (467,363)           (2.3)
   158,940,796 shares

Total shareholders' equity                                               7,121,000           35.3
(Commitments and contingencies)
Total liabilities, minority interest in consolidated                     20,152,974          100.0
subsidiaries and shareholders' equity




   2    Consolidated statements of income


                                                                 FY2003

                                                       For the year ended March 31, 2003
                    Item                               Yen in millions                  Percentage
1    Net revenues
  1  Sales of products                                           14,793,973
  2  Financing operations                                        707,580
     Total net revenues                                          15,501,553                 100.0
2    Costs and expenses                                      
  1  Cost of products sold                                       11,914,245
  2  Cost of financing operations                                423,885
  3  Selling, general and administrative                         1,891,777
     Total costs and expenses                                    14,229,907                 91.8
     Operating income                                            1,271,646                  8.2
3    Other income (expense)
  1  Interest and dividend income                                52,661
  2  Interest expense                                            (30,467)
  3  Foreign exchange gain, net                                  35,585
  4  Other loss, net                                             (102,773)
     Total other income (expense)                                (44,994)                   (0.3)
     Income before income taxes, minority interest and equity    1,226,652                  7.9
     in earnings of affiliated companies
     Provision for income taxes                                  517,014                    3.3
     Income before minority interest and equity in earnings of   709,638                    4.6
     affiliated companies
     Minority interest in consolidated subsidiaries              (11,531)                   (0.1)
     Equity in earnings of affiliated companies                  52,835                     0.3
     Net income                                                  750,942                    4.8



Net income per share
Basic                                                            211.32 yen
Diluted                                                          211.32 yen
Cash dividends per share                                         36.00 yen



3          Consolidated statements of shareholders' equity

                                                                    FY2003

                                                       For the year ended March 31, 2003

Item                               Common     Additional  Retained    Accumulated     Treasury    Total
                                    stock      paid-in    earnings     other           stock,
                                              capital                 comprehensive   at cost
                                                                       income (loss)

                                                                Yen in millions

Balances at March 31, 2002         397,050    490,538     6,804,722   (267,304)       (160,894)   7,264,112
1  Issuance during the year                   3,252                                               3,252
2  Comprehensive income
(1) Net income                                            750,942                                 750,942
(2) Other comprehensive income
   (loss)
1 Foreign currency translation                                        (139,285)                   (139,285)
  adjustments
2 Unrealized losses on securities,                                    (26,495)                    (26,495)
  net of reclassification adjustments
3 Minimum pension liability                                           (171,978)                   (171,978)
  adjustments
4 Net gains on derivative                                             790                         790
  instruments
Total comprehensive income                                                                        413,974
3  Dividends paid                                         (110,876)                               (110,876)
4  Purchase and retirement of                             (142,993)                   (306,469)   (449,462)
   common stock

Balances at March 31, 2003         397,050    493,790     7,301,795   (604,272)       (467,363)   7,121,000



4          Consolidated statement of cash flows

                                                                                 FY2003

                                                                        For the year ended March 31,
                                                                                   2003
                                    Item                                     Yen in millions
1    Cash flows from operating activities
1  Net income                                                                 750,942
2  Adjustments to reconcile net income to net cash provided by operating
   activities
(1) Depreciation                                                              870,636
(2) Provision for doubtful accounts and credit losses                         99,837
(3) Pension and severance costs, less payments                                55,637
(4) Loss on disposal of fixed assets                                          46,492
(5) Unrealized losses on available-for-sale securities, net                   111,346
(6) Deferred income taxes                                                     (74,273)
(7) Minority interest in consolidated subsidiaries                            11,531
(8) Equity in earnings of affiliated companies                                (52,835)
(9) Changes in operating assets and liabilities, and other

Increase in accounts and notes receivable                                     (46,068)
Increase in inventories                                                       (38,043)
Increase in accounts payable                                                  116,946
Other                                                                         232,899

Net cash provided by operating activities                                     2,085,047

2    Cash flows from investing activities
1  Additions to finance receivables                                           (6,481,200)
2  Collection of finance receivables                                          5,252,685
3  Proceeds from sale of finance receivables                                  572,771
4  Additions to fixed assets excluding equipment leased to others             (1,005,931)
5  Additions to equipment leased to others                                    (604,298)
6  Proceeds from sales of fixed assets excluding equipment leased to others   61,847
7  Proceeds from sales of equipment leased to others                          286,538
8  Purchases of marketable securities and security investments                (1,113,998)
9  Proceeds from sales of marketable securities and security investments      197,985
10  Proceeds on maturity of marketable securities and security investments    723,980
11  Payment for additional investments in affiliated companies, net of cash   (28,229)
    acquired
12  Changes in investments and other assets, and other                        (8,557)

Net cash used in investing activities                                         (2,146,407)

3    Cash flows from financing activities
1  Purchase of common stock                                                   (454,611)
2  Proceeds from issuance of long-term debt                                   1,686,564
3  Payments of long-term debt                                                 (1,117,803)
4  Increase in short-term borrowings                                          30,327
5  Dividends paid                                                             (110,876)
6  Other                                                                      4,074

Net cash provided by financing activities                                     37,675

4    Effect of exchange rate changes on cash and                              (41,447)
     cash equivalents
5    Net decrease in cash and cash equivalents                                (65,132)
6    Cash and cash equivalents at beginning of period                         1,657,160
7    Cash and cash equivalents at end of period                               1,592,028


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