Holdings in Toyota Industries

Toyota Motor Corporation
28 February 2003

                                 (TRANSLATION)

Form No. 1 (1)
                                                                             Acceptance
                            Amendment No 7 (a)                  Accepting Accepted  Local    Number
                                                                  Local     Year   Finance
                                                                 Finance            Bureau
                                                                 Bureau               in
                            (Report in accordance with Article                      Charge
                            27-25,

                             Paragraph 1 of the Securities and
                            Exchange Law)





To:  Director of Tokai Local Finance Bureau


Name            Fujio Cho, President, Toyota Motor       (b)         Effective date of     February 24, 2003 (c)
                Corporation                                          reporting duty

Address or head 1 Toyota-cho, Toyota City, Aichi         (b)         Submitted on          February 28, 2003
office location Prefecture





I.  Matters Regarding Submitter

1. Issuing company (d)

Name of issuing Toyota Industries      Company code       6201            Page number / Total          1/3
  company       Corporation                                               page number
                                       *(1) Listed  2. Over-the-counter

    Listed      * (1) Tokyo       (2) Osaka        (3) Nagoya             Total number of               1
  securities                                                              submitter and joint
   exchange     4  Fukuoka        5. Sapporo                              holders

  Head office    1, Toyoda-cho 2-chome, Kariya City, Aichi Prefecture     Submitting method (e)   * 1.  Jointly
   location
                                                                                                  (2)  Others



2. Submitter (Substantial Shareholder) (f)

* 1. Individual

(2) Judicial person          ( (1) Joint stock company  2. Limited liability       3. Other (              ) )
                                                        company                    

(Pronunciation)                                           (omitted in translation)
Name                                                      Toyota Motor Corporation

(Pronunciation)                                           (omitted in translation)
Address or head office location             1 Toyota-cho, Toyota City, Aichi Prefecture, 471-8571

(Pronunciation)                                           (omitted in translation)
Former name

(Pronunciation)                                           (omitted in translation)
Former address or head office
location

Individual Date of birth                   (pronunciation)                 (omitted in translation)
                                           Office's name
           Occupation                      Office's address

 Judicial  Date of incorporation           (pronunciation)             (omitted in       Title of
                                                                      translation)       Representative
  person   August 27, 1937                 Name of                      Fujio Cho
                                           representative                                     President
           Business       The manufacture, sale, leasing and repair of motor vehicles, ships, aircraft, other
           purposes       transportation machinery and apparatus, space machinery and apparatus, and parts
                          thereof, etc.

Place to contact and      Yuji Maki, Project General Manager of Planning Department, Accounting Division
name of person in charge
                                                       Telephone number               0565 (28) 2121


3. Holding purposes (g)

For strategic investment (maintenance and development of the business relationship)

                                                           End of Form No. 1 (1)



Form No. 1 (2)

Company code of              6201
issuing company                                               Page number/Total page              2/3
                                                              number


Name of submitter                                         Toyota Motor Corporation
(Substantial Shareholder)



4. Breakdown of stock, etc. held by the submitter (h)

                             Main Text of Article 27-23,   Article 27-23, Paragraph 3,    Article 27-23, Paragraph 3,   
                             Paragraph 3                   Item 1                         Item 2

  Shares                           72,316,114  shares                      --- shares                      --- shares

  Warrants                   A     ---         shares                                     G                    shares

  Certificate of stock       B     ---         shares                                     H                    shares
  acquisition rights
  Bonds with stock           C     10,030,747  shares                                     I                    shares
  acquisition rights
  Covered warrants relating  D     ---                                                    J
  to applicable securities
  Depositary receipts              ---
  representing ownership
  interest in shares
  Other related depositary   E     ---                                                    K
  receipts
  Bonds redeemable by        F     ---                                                    L
  applicable securities
  Total                      M     82,346,861  shares      N               --- shares     O                --- shares

Number of shares, etc., which    P            ---
were transferred through a
margin transaction and which are                             Total number of issued and     S         313,324,451 shares
to be deducted                                               outstanding shares  (as of
Number of held shares, etc.,     Q        82,346,861         January 31, 2003)
    (Total)(M+N+O-P)                                         Percentage of shares, etc.                     25.47 %
                                                             held by the above-stated
                                                             submitter
Number of potentially diluted    R        10,030,747
shares held                                                  (Q/(R+S)x100)
                                                             Percentage of shares, etc.                     27.20 %
    (A+B+C+D+E+F+G+H+I+J+K+L)                                held stated in preceding
                                                             report



5. Conditions concerning acquisition or disposal during the last sixty (60) days
of shares, etc. issued by issuing company(i)

       Date             Kind of stock, etc.            Number            Distinction between         Unit Price
                                                                       acquisition and disposal
February 24, 2003  Shares of Common Stock         4,965,400 shares  *1  Acquisition  (2) Disposal  JPY 1,714

                                                                    *1  Acquisition  2  Disposal
                                                                    *1  Acquisition  2  Disposal
                                                                    *1  Acquisition  2  Disposal
                                                                    *1  Acquisition  2  Disposal
                                                                    *1  Acquisition  2  Disposal
                                                                    *1  Acquisition  2  Disposal
                                                                    *1  Acquisition  2  Disposal
                                                                    *1  Acquisition  2  Disposal
                                                                    *1  Acquisition  2  Disposal
                                                                    *1  Acquisition  2  Disposal
                                                                    *1  Acquisition  2  Disposal

                                                           End of Form No. 1 (2)



Form No. 1 (3)
Company code of              6201
                                                              Page number/Total page              3/3
issuing company                                               number


Name of submitter                                         Toyota Motor Corporation

(Substantial Shareholder)



6. Material agreements including security agreements related to the shares, etc. (j)
Not Applicable



7. Funds for acquiring held shares, etc. (k)

(1) Breakdown of funds for acquisition
Amount of own funds T                44,544,577               Total amount of      U             ---
    (JPY1,000)
                                                         borrowed funds (JPY1,000)


Other funds         Not Applicable
(specifically)
                                                       Total amount of other   V              ---
                                                         funds (JPY1,000)


   Total amount of funds for                                       44,544,577
          acquisition

       (T+U+V) (JPY1,000)



(2) Breakdown of loans
 Number         * Name            Type of        * Name of         * Location     'Purpose' of      Amount
           (Name of branch)      business      representative                      borrowing
                                                                                                  (JPY1,000)
   1        Not Applicable                                                            * 12
   2                                                                                  * 12
   3                                                                                  * 12
   4                                                                                  * 12
   5                                                                                  * 12
   6                                                                                  * 12
   7                                                                                  * 12
   8                                                                                  * 12
   9                                                                                  * 12
   10                                                                                 * 12

                                                           End of Form No. 1 (3)




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