Material Agreement, Financial Obligation, Termination of Material Agreement (Form 8-K)

Item 1.01 Entry into a Material Definitive Agreement

On April 1, 2026, Toyota Motor Credit Corporation, a California corporation ("TMCC"), as borrower, entered into a revolving credit agreement (the "Intercompany Credit Agreement") with Toyota Motor Sales, U.S.A, Inc., a California corporation ("TMS"), as lender, providing for a revolving credit facility with aggregate lending commitments of up to $5,000,000,000. Commitments under the Intercompany Credit Agreement will be available until the period ending March 31, 2027. The Intercompany Credit Agreement may be used for general corporate purposes and was not drawn upon as of the date of this filing.

TMCC is wholly-owned by Toyota Financial Services International Corporation, a California corporation, which is a wholly-owned subsidiary of Toyota Financial Services Corporation ("TFSC"), a Japanese corporation. TFSC, in turn, is a wholly-owned subsidiary of Toyota Motor Corporation ("TMC"), a Japanese corporation. TMS is wholly-owned by Toyota Motor North America, Inc., a California corporation, which is a wholly-owned subsidiary of TMC.

The foregoing description of the Intercompany Credit Agreement does not purport to be complete and is subject to, and qualified in its entirety by reference to the full text of such agreement, a copy of which is attached hereto as Exhibit 10.1 and incorporated herein by reference.

Item 1.02 Termination of a Material Definitive Agreement

The Intercompany Credit Agreement replaces the Revolving Credit Agreement, dated as of April 1, 2025, between TMCC and TMS, which was terminated on April 1, 2026.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

The information set forth above in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.