TOYOTA MOTOR CORPORATION

Notice of Dividend Amount • May 12, 2020

National Storage Mechanism | Additional information

RNS Number : 6074M

Toyota Motor Corporation

12 May 2020

[Reference Translation]

To Whom It May Concern:

May 12, 2020

Company Name: TOYOTA MOTOR CORPORATION Name and Title of Representative:

Akio Toyoda, President

(Code Number: 7203

First Section of Tokyo Stock Exchange

and Nagoya Stock Exchange)

Name and Title of Contact Person:

Kaname Shimizu, General Manager,

Accounting Division

(Telephone Number: 0565-28-2121)

Notice Concerning Distribution of Dividends from Surplus

At a meeting held on May 12, 2020, the Board of Directors of Toyota Motor Corporation ("TMC") resolved to distribute dividends from surplus, with record date dated March 31, 2020.  In relation to the above, we hereby inform you of the following:

1.  Details of dividends

(1)  Common shares

	Year-end dividend for FY 2020	Most recent dividend forecast	Year-end dividend paid for FY 2019
Record date	March 31, 2020	March 31, 2020	March 31, 2019
Dividend per share	120.00 yen	-	120.00 yen
Total amount of dividends	331,938 million yen	-	339,892 million yen
Effective date	May 28, 2020	-	May 24, 2019
Source of dividends	Retained earnings	-	Retained earnings

[Reference]  Details of dividends per common share through the fiscal year

Record date	Dividends for FY 2020   (ended March 31,2020)	Dividends for FY 2019   (ended March 31,2019)
End of interim period	100.00 yen	100.00 yen
End of fiscal period	120.00 yen	120.00 yen
Total	220.00 yen	220.00 yen

(2)  First Series Model AA Class Shares

	Year-end dividend for FY 2020	Most recent dividend forecast	Year-end dividend paid for FY 2019
Record date	March 31, 2020	March 31, 2020	March 31, 2019
Dividend per share	132.00 yen	-	105.50 yen
Total amount of dividends	6,217 million yen	-	4,969 million yen
Effective date	May 28, 2020	-	May 24, 2019
Source of dividends	Retained earnings	-	Retained earnings

[Reference]  Details of dividends per First Series Model AA Class Share through the fiscal year

Record date	Dividends for FY 2020   (ended March 31,2020)	Dividends for FY 2019   (ended March 31,2019)
End of interim period	132.00 yen	105.50 yen
End of fiscal period	132.00 yen	105.50 yen
Total	264.00 yen	211.00 yen

2.  Reason for the dividend amount

TMC deems the benefit of its shareholders as one of its priority management policies, and it continues to work to improve its corporate structure to realize sustainable growth in order to enhance its corporate value.

TMC will strive for the stable and continuous payment of dividends considering a consolidated payout ratio of 30% to shareholders of common stock as an indication. In addition, TMC will pay a prescribed amount of dividends to shareholders of First Series Model AA Class Shares.

In order to survive tough competition, TMC will utilize its internal funds mainly for the early commercialization of technologies for next-generation environment and safety, giving priority to customer safety and security.

Considering these factors, with respect to the dividends for this consolidated fiscal year, TMC has determined to pay a year-end dividend of 120 yen per common share and as a result, the annual dividend will be 220 yen per common share when combined with the interim dividend of 100 yen per common share.

In addition, TMC has determined to pay a year-end dividend of 132.00 yen per First Series Model AA Class Share in accordance with a prescribed calculation method and as a result, the annual dividend will be 264 yen per share when combined with the interim dividend of 132.00 yen per share.

-End-

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