Notice Concerning Distribution of Dividends from Surplus

At a meeting held on May 8, 2014, the Board of Directors of Toyota Motor Corporation (TMC) resolved to propose an agenda asking for authorization to distribute dividends from surplus, with record date dated March 31, 2014, at the 110th Ordinary General Shareholders’ Meeting to be held on June 17, 2014. In relation to the above, we hereby inform you of the following:

1. Details of dividends

	Amount to be proposed as Year-end dividend for FY 2014	Most recent dividend forecast	Year-end dividend paid for FY 2013
Record Date	March 31, 2014	March 31, 2014	March 31, 2013
Dividend per share	100.00 yen	Not reported	60.00 yen
Total amount of dividends	316,976 million yen	-	190,045 million yen
Effective date	June 18, 2014	-	June 17, 2013
Source of dividends	Retained earnings	-	Retained earnings

2. Reason for the dividend amount

TMC deems the benefit of its shareholders as one of its priority management policies and strives to continue to pay stable dividends with a consolidated dividend payout ratio of 30% while giving due consideration to factors such as business results for each term, investment plans and its cash reserves.

In order to successfully compete in this highly competitive industry, TMC will focus on the early commercialization of technologies for the next-generation environment and safety, giving priority to customer safety and sense of security.

Considering these factors, TMC plans to propose a year-end dividend of 100 yen per share, and an annual dividend of 165 yen per share, combined with the interim dividend of 65 yen per share.

(Reference)

Details of dividends through the fiscal year

	Dividend per share (yen)
Record date	End of interim period	End of fiscal period	Total
Dividends for FY2014 (ended March 31, 2014)	65.00	100.00 (plan)	165.00 (plan)
Dividends for FY2013 (ended March 31, 2013)	30.00	60.00	90.00