Amendment Subs Prospect

Toyota Motor Corporation
28 October 2005

                                 (Translation)



                                                                October 28, 2005

To Whom It May Concern:

Company Name:                              Kanto Auto Works, Ltd.
Name and Title of Representative:          Zenji Yasuda, President
Code Number:                               7223
                                           Tokyo Stock Exchange and 
                                           Nagoya Stock Exchange
Name and Title of Contact Person:          Yosuke Uematsu
                                           General Manager, Accounting Division
Telephone Number:                          046-861-5111
                                           (The Parent Company of Kanto 
                                           Auto Works, Ltd.)
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:          Masaki Nakatsugawa
                                           General Manager, Accounting Division
Telephone Number:                          0565-28-2121



            Notice Concerning Amendments to the Business Projections



Based on recent movements in our business performance, we hereby make the
following amendments to the consolidated business projections previously
disclosed upon the announcement of the annual financial statements of Fiscal
Year 2005 on April 27, 2005:



1.  Amendments to the prospective figures of full year consolidated business
performance of Fiscal Year 2006 ending March 31, 2006 (from April 1, 2005 to
March 31, 2006)



                                                            (In millions of yen)
                                                Net revenues       Ordinary income         Net income
Previous projections (A)                                 660,000               11,000                5,500

(Announced on April 27, 2005)
New projections (B)                                      690,000               13,000                7,400
Amount changed                                            30,000                2,000                1,900
(B - A)
% of change (%)                                              4.5                 18.2                 34.5
(Reference)                                              683,095               14,560                8,112
Actual performance of from April 1, 2004 to
March 31, 2005 (FY2005)



2.  Amendments to the prospective figures of full year non-consolidated business
performance of Fiscal Year 2006 ending March 31, 2006 (from April 1, 2005 to
March 31, 2006)



                                                            (In millions of yen)
                                                Net revenues       Ordinary income         Net income
Previous projections (A)                                 620,000               10,000                5,000

(Announced on April 27, 2005)
New projections (B)                                      650,000               12,000                6,800
Amount changed                                            30,000                2,000                1,800
(B - A)
% of change (%)                                              4.8                 20.0                 36.0
(Reference)                                              640,072               13,224                7,482
Actual performance from April 1, 2004 to
March 31, 2005 (FY2005)



3.   Reasons for the Amendments



With respect to our automobile operations for the Fiscal Year 2006 ending March
31, 2006 (from April 1, 2005 to March 31, 2006), our production of automobiles 
is expected to increase and our business streamlining efforts, including cost 
reduction, are expected to show results. For the foregoing reasons, we are 
amending our prospective figures for net revenues, ordinary income and net 
income.






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