Subsids Bus.Prospects - Amnds

Toyota Motor Corporation
10 November 2000





              Notice Concerning Amendments to the Business Prospects
                      of a Subsidiary (Kanto Auto Works. Ltd.)

Based on the  movements  of the recent business performance, we hereby make
amendments to the business performance prospects of Kanto Auto Works, Ltd., a
subsidiary of Toyota Motor Corporation, disclosed upon the announcement of the
financial statements on May 16, 2000 as follows:

1. Amendments  to  the  prospective figures of  non-consolidated  business
performance of Fiscal Year 2001 ending March 31, 2001 (from April 1, 2000
through March 31, 2001)

                                                       (in millions of yen)
                                Net sales        Ordinary       Net income
                                                 income
Previous prospects (A)
(Announced on May 16, 2000)      389,000         7,000               100
New prospects (B)                394,000         7,000               600
Amount changed
(B - A)                            5,000             -               500
% of change                          1.3%            -             6 times
Year-to-year actual performance
(FY2000)                         354,692         6,479             3,791

2. Amendments to the prospective figures of consolidated business performance of
Fiscal Year 2001 ending March 31, 2001 (from April 1, 2000 through March 31,
2001)
                                                      (in millions of yen)
                               Net sales        Ordinary       Net
                                                 income        income/(loss)

Previous prospects (A)
(Announced on May 16, 2000)     408,000           6,700            (700)
New prospects (B)               412,000           6,700             200
Amount changed
(B - A)                           4,000               -             900
% of change                         1.0%              -               -
Year-to-year actual performance
(FY2000)                        369,376           6,656           3,831


3. Name of the subsidiary, etc.

          Name of the subsidiary           :    Kanto Auto Works, Ltd.
          Location of the head office      :    Yokosuka, Kanagawa
          Name and title of representative :    Susumu Uchikawa, President
          Business                         :    Manufacture and sale of         
                                               automobile bodies and parts

Notes:

This report contains forward-looking statements that reflect plans and
expectations of the Company and the Kanto Auto Works, Ltd. These forward-looking
statements involve known and unknown risks, uncertainties and other factors that
may cause our actual results, performance, achievements or financial position to
be materially different from any future results, performance, achievements or
financial position expressed or implied by these forward-looking statements.
These factors include: (i) changes in economic conditions affecting the
automotive markets in which we operate; (ii) fluctuations in currency exchange
rates; (iii) our ability to realize production efficiencies and to implement
capital expenditures at the levels and times planned by management; (iv) changes
in the laws, regulations and government policies affecting our automotive
operations; (v) political instability in the markets in which we operate; (vi)
our ability to timely develop and achieve market acceptance of new products; and
(vii) difficulties and impediments to the conduct of our business caused by
events outside our control.