TOYOTA ANNOUNCES CONSOLIDATED BUSINESS
RESULTS FOR FISCAL 1984

TOYOTA MOTOR CORPORATION today announced its consolidated business results for fiscal year 1984 (July 1, 1983―June 30, 1984).

The subsidiaries of Toyota Motor Corporation totalled 108 companies as of June 30, 1983. Of those, 16 companies were selected for inclusion in this consolidated report, based on criteria set by the Ministry of Finance.

Included in the 16 companies are five domestic subsidiaries (Tokyo Toyota Motor Co., Ltd., Tokyo Toyo-pet Motor Sales Co., Ltd., OSAKA TOYOPET Co., Ltd., TOYOTA TOKYO COROLLA Co., Ltd., and Arakawa Auto Body Co., Ltd.), five overseas subsidiaries (Toyota Motor Sales, U.S.A., Inc., Australian Motor Industries Ltd., Thiess Toyota Pty., Ltd., Toyota Motor Thailand Co., Ltd., and Toyota Deutschland G.m.b.H.) three subsidiaries of Toyota Motor Sales, U.S.A., Inc., and three subsidiaries of Australian Motor Industries Ltd.

The Equity Method has been applied to the report.