{"url_path":"/sec/tm/10-k/2026/item-16a","section_key":"item-16a","section_title":"Item 16A AUDIT COMMITTEE FINANCIAL EXPERT","topic":"sec","document":{"doc_type":"20-F","doc_date":"2026-06-10","source_url":"https://www.sec.gov/Archives/edgar/data/1094517/0001193125-26-264811-index.html","accession_number":"0001193125-26-264811","cik":"0001094517","ticker":"TM","issuer_name":"TOYOTA MOTOR CORP/","edgar_url":"https://www.sec.gov/Archives/edgar/data/1094517/0001193125-26-264811-index.html","primary_entity_key":"0001094517","primary_entity_name":"TOYOTA MOTOR CORP/"},"word_count":316,"has_tables":true,"body_markdown":"ITEM 16A. AUDIT COMMITTEE FINANCIAL EXPERT\n\nToyota maintains an Audit & Supervisory Committee, in accordance with the Companies Act. Toyota’s Audit & Supervisory Committee is comprised of four members of the Board of Directors who are Audit & Supervisory Committee members, three of whom are outside and independent directors. Each member of the Board of Directors who is an Audit & Supervisory Committee member has been appointed at Toyota’s meetings of shareholders, and the Audit & Supervisory Committee has certain statutory powers independently, including auditing the business affairs and accounts of Toyota.\n\nToyota’s Audit & Supervisory Committee has determined that it does not have an “audit committee financial expert” serving on the Audit & Supervisory Committee. The qualifications for, and powers of, the Audit & Supervisory Committee member delineated in the Companies Act are different from those anticipated for any audit committee financial expert. Audit & Supervisory Committee members have the authority to be given reports from a certified public accountant or an accounting firm concerning audits, including technical accounting matters. At the same time, each Audit & Supervisory Committee member has the authority to consult internal and external experts on accounting matters. Each Audit & Supervisory Committee member must fulfill the requirements under Japanese laws and regulations and otherwise follow Japanese corporate governance practices and, accordingly, Toyota’s Audit & Supervisory Committee has confirmed that it is not necessarily in Toyota’s best interest to nominate as Audit & Supervisory Committee member a person who meets the definition of audit committee financial expert. Although Toyota does not have an audit committee financial expert on its Audit & Supervisory Committee, Toyota believes that Toyota’s current corporate governance structure, taken as a whole, including the Audit & Supervisory Committee members’ ability to consult internal and external experts, is fully equivalent to a structure having an audit committee financial expert on its Audit & Supervisory Committee.\n\n \n\n142\n\n##### Table of Contents"}