Statement Timely Disclosure

Toyota Motor Corporation
25 February 2005



                     Statement Regarding Timely Disclosure

                                                               February 25, 2005



To: Mr. Takuo Tsurushima
    President & CEO
    Tokyo Stock Exchange, Inc.

    1 Toyota-cho, Toyota City,
    Aich Prefecture, 471-8571, Japan
    Address of the Head Office

    Toyota Motor Corporation
    Company Name

    Fujio Cho
    President, Member of the Board

Toyota Motor Corporation, hereby fully acknowledges that timely and appropriate
disclosure of corporate information to investors constitutes a basis for a sound
securities market, and undertakes to provide corporate information diligently to
investors in a timely and appropriate manner, including working to enhance the
company structure and procedures described in the exhibit attached hereto in
order to conduct prompt, accurate and fair disclosure of corporate information
at all times considering the viewpoint of investors.



          Company Structure and Procedures Regarding Timely Disclosure
           (Attachment for the Statement Regarding Timely Disclosure)



                                                               February 25, 2005
                                          Company Name: Toyota Motor Corporation
                                                               Code Number: 7203



(Guiding Principles)

Toyota practices its guiding principle of disclosing operating results, business
and financial information in a timely and appropriate manner.  Such guiding
principles are set forth in 'Contribution towards Sustainable Development' which
explains the 'Guiding Principles at Toyota.'

(Disclosure Committee and its Purpose)

Toyota has established a Disclosure Committee that is chaired by the officer
responsible for the accounting division in an effort to ensure that information
disclosed is accurate, fair and timely.

The Disclosure Committee meets periodically to draft, report and assess annual
reports prepared pursuant to the U.S. Securities Exchange Act of 1934, as
amended.  The Disclosure Committee also holds meetings on an ad hoc basis as
necessary.



(Procedures of the Disclosure Committee)

The Disclosure Committee performs the following procedures:

(1)   Collection of information

Collect information of Toyota and its subsidiaries that may be subject to
disclosure based on the materiality standards of the Disclosure Committee
through periodic and timely communications with the heads of the relevant
divisions responsible for information disclosure.

(2)   Assessment of material information to be disclosed

Assess disclosure of collected information based on applicable laws and
regulations, such as stock exchange rules and securities laws, and guidelines.

(3)   Disclosure based on assessment

Based on the assessment made above, disclose information in a timely manner.
When necessary, a report to the company representative and certification
procedures on the disclosure documents will precede the disclosure.  The board
of corporate auditors may receive reports from the Disclosure Committee as
necessary and may have opportunities to hold reporting and Q & A sessions with
company representatives.

(4)   Ensuring of appropriate information collection and disclosure procedures

Make further efforts to enhance the company structure pertaining to timely and
fair disclosure: the internal auditing division assesses the overall information
disclosure process and independent outside auditors and outside legal counsel
provide support in establishing disclosure control and procedures as well as
advise on the sufficiency and appropriateness of the information disclosure.

(5)   Provision of company regulation

Details of the procedures above and the organizational structure
are provided in the Company's disclosure guidelines.


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