Stmt.re Business Performance

Toyota Motor Corporation
28 October 2002

                                 (Translation)


                                                                October 28, 2002

To Whom It May Concern:

Company Name:  Hino Motors, Ltd.
Name and Title of Representative:
Tadaaki Jagawa, President
Code Number: 7205
Securities exchanges throughout Japan

Name and Title of Contact Person:
Toshihisa Sakaki
General Manager,
Public Relations Department,
Corporate Planning Division
Telephone Number: 03-5419-9320


Our Parent Company: Toyota Motor Corporation
Name and Title of Representative:
Fujio Cho, President
Code Number: 7203
Securities exchanges throughout Japan



      Notice Concerning Amendments to the Business Performance Projections


Based on recent movements in our business performance, we hereby make the
following amendments to the business performance projections disclosed upon the
announcement of the financial statements on May 10, 2002:


1.    Amendments to the prospective figures of consolidated interim business
performance of the Fiscal Year 2003 ending March 31, 2003 (from April 1, 2002 to
September 30, 2002)

                                                         (In millions of yen, %)

                                                 Net sales         Ordinary income         Net income

Previous projections (A)                                 390,000                2,000                2,000
(Announced on May 10, 2002)

New projections (B)                                      390,135                3,744                3,743

Amount changed                                               135                1,744                1,743
(B - A)

% of change                                                 0.0%                87.2%                87.2%

Actual performance from April 1, 2001 to                 367,694                1,680                  125
September 30, 2001 (interim period of
FY2002)


2.        Reasons for the Amendments



The prospective figures of the consolidated interim business performance of the
Fiscal Year 2003 were announced in May 2002.  The new projection of net sales is
expected to be about the same as the previous projection as the increase in
vehicles produced on commission for Toyota Motor Corporation and exported
vehicles was offset by the lower-than-expected domestic sales of trucks and
buses.


Due to cost percentage improvement and rationalization efforts, etc., ordinary
income and net income are expected to exceed the previously announced
prospective figures as shown above.


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