Number of Listed Shares

Toyota Motor Corporation
20 January 2005

                             (Excerpt Translation)





                                                                January 20, 2005

                                                        Toyota Motor Corporation

                                               (Toyota Jidosha Kabushiki Kaisha)

                                    1, Toyota-cho, Toyota City, Aichi Prefecture



                            Report on Number of Listed Shares



We hereby report changes in the number of listed securities, as a result of the
exercise of stock acquisition rights, etc. in December 2004 (the 'Current
Month').




1. Summary
     Number of listed shares as of the end of the           3,609,997,492 shares
     preceding month
     Total number of shares changed during the Current                  0 shares
     Month
     (out of which, as a result of exercise of warrants to            (0 shares)
     subscribe for shares)
     (out of which, as a result of exercise of stock                  (0 shares)
     acquisition rights)
     (out of which, as a result of other reasons)                     (0 shares)
     Number of listed shares as of the end of the Current   3,609,997,492 shares
     Month


2. Warrants to subscribe for shares exercised (Bonds with detachable warrants to 
subscribe for shares)
     Aggregate face value of the bonds allotted to the           JPY 600,000,000
     outstanding warrants as at the end of the preceding month
     Aggregate face value of the bonds originally allotted                 JPY 0
     to the warrants exercised during the Current Month
     Aggregate face value of the bonds as allotted to the        JPY 600,000,000
     outstanding warrants at the end of the Current Month



(1) Number of shares
     Total number of shares delivered during the Current                0 shares
     Month
     (out of which, number of newly issued shares)                    (0 shares)
     (out of which, number of shares transferred from                 (0 shares)
     treasury shares)
(2) Exercise price
     Aggregate exercise price during the Current Month                     JPY 0
     (out of which, aggregate amount of newly issued                     (JPY 0)
     shares)
     (out of which, aggregate amount of shares transferred               (JPY 0)
     from treasury shares)


3. Stock acquisition rights exercised


(1) Number of shares
     Total number of shares delivered during the Current           31,000 shares
     Month
     (out of which, number of newly issued shares)                    (0 shares)
     (out of which, number of shares transferred from            (31,000 shares)
     treasury shares)
(2) Exercise price
     Aggregate exercise price during the Current Month            JPY 91,698,000
     (out of which, aggregate amount of newly issued                     (JPY 0)
     shares)
     (out of which, aggregate amount of shares transferred      (JPY 91,698,000)
     from treasury shares)




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