Acquisition of Own Shares 102

Toyota Motor Corporation
09 May 2007

                                 (Translation)


May 9, 2007


To Whom It May Concern:


Company Name:
     TOYOTA MOTOR CORPORATION
Name and Title of Representative:
     Katsuaki Watanabe, President
(Code Number: 7203
     Securities exchanges throughout Japan)
Name and Title of Contact Person:
     Takuo Sasaki
     General Manager, Accounting Division
     (Telephone Number: 0565-28-2121)



    Notice Concerning Acquisition of Own Shares (Acquisition pursuant to the
    Resolution adopted at the 102nd Ordinary General Shareholders' Meeting)

(Acquisition of Own Shares under Article 156 of the Corporation Act)



At a meeting held on May 9, 2007, the Board of Directors of Toyota Motor
Corporation ('TMC') resolved to acquire its own shares pursuant to the
resolution adopted at the 102nd Ordinary General Shareholders' Meeting.  We
hereby inform you of the following.



1.     Reasons for acquisition of TMC's own shares

        To improve capital efficiency and implement flexible capital policies in
accordance with the business environment.



2.     Details of acquisition



(1)   Type of shares to be acquired                 Shares of common stock of TMC

(2)   Aggregate number of shares to be acquired     Up to 11,000,000 shares

(3)   Aggregate purchase price of shares            Up to JPY 62,990,000,000

(4)   Method of acquisition                         Purchase in the market through a trust bank

(5)   Acquisition period                            From May 11, 2007 to May 25, 2007





(Reference)





Matters resolved at the 102nd Ordinary General Shareholders' Meeting held on
June 23, 2006

•     Type of shares to be acquired                 Shares of common stock of TMC

•     Aggregate number of shares to be acquired     Up to 30,000,000 shares

•     Aggregate purchase price of shares            Up to JPY 200,000,000,000



Shares acquired as of May 9, 2007

•     Aggregate number of shares acquired           18,950,100 shares

•     Aggregate purchase price of shares            JPY 137,009,223,000




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