1st Quarter Results 2/6

Toyota Motor Corporation
04 August 2006


              FY2007 First Quarter Consolidated Financial Results
                     (April 1, 2006 through June 30, 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


                                                                  August 4, 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                                   : Takahiko Ijichi, Managing Officer
                                                   Tel. [phone]
Whether or not to be prepared in accordance with : Yes
accounting principles generally accepted in the
United States of America



1. Consolidated results for FY2007 first quarter (April 1, 2006 through June 30,
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               %
FY2007 first quarter         5,638,112         (13.2)        512,419        (26.5)          554,648          (31.5)
FY2006 first quarter         4,981,785         (10.5)        405,128        (-9.7)          421,860         (-10.3)
FY2006                      21,036,909                     1,878,342                      2,087,360


                                 Net income               Net income per share           Net income per share
                                                                 - Basic                       - Diluted
                           Million yen              %                           Yen                             Yen
FY2007 first quarter           371,504         (39.2)                        115.21                          115.16
FY2006 first quarter           266,899         (-6.9)                         81.80                           81.79
FY2006                       1,372,180                                       421.76                          421.62

Note :     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 corresponding
period of the preceding year.



(2) Consolidated financial position
                            Total assets       Shareholders' equity         Ratio of         Shareholders' equity
                                                                      shareholders' equity         per share
                                  Million yen            Million yen                      %                     Yen
FY2007 first quarter               28,743,348             10,452,892                   36.4                3,250.47
FY2006                             28,731,595             10,560,449                   36.8                3,257.63



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


Figures in the above forecast of consolidated results have not changed from
those disclosed on May 10, 2006.

Reference: Forecast of net income per share - Basic (FY2007): 407.36 Yen



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.





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