Acquisition of Own Shares 103

Toyota Motor Corporation
09 May 2007

                                 (Translation)


May 9, 2007

To Whom It May Concern:


Company Name:

     TOYOTA MOTOR CORPORATION

Name and Title of Representative:
     Katsuaki Watanabe, President
     (Code Number: 7203
     Securities exchanges throughout Japan)

Name and Title of Contact Person:

     Takuo Sasaki
     General Manager, Accounting Division
     (Telephone Number: 0565-28-2121)



    Notice Concerning Acquisition of Own Shares (To be proposed at the 103rd
                    Ordinary General Shareholders' Meeting)

(Acquisition of Own Shares under Article 156 of the Corporation Act)

At a meeting held on May 9, 2007, the Board of Directors of Toyota Motor
Corporation ('TMC') resolved to propose an agenda asking for authorization to acquire its
own shares under the provision of Article 156 of the Corporation Act at the 103rd Ordinary
General Shareholders' Meeting to be held on June 22, 2007.  We hereby inform you of the
following.



1.     Reasons for acquisition of TMC's own shares

       To improve capital efficiency and implement flexible capital policies in
       accordance with the business environment.


2.     Type of shares to be acquired        Shares of common stock of TMC


3.     Aggregate number of shares to be acquired     Up to 30,000,000 shares

4.     Aggregate acquisition price of shares   Up to JPY 250,000,000,000

5.     Acquisition period

       One year from the day immediately following the close of the 103rd
       Ordinary General Shareholders' Meeting.


(Note) The above acquisition of own shares shall be conditional upon the
       proposal

'Acquisition of Own Shares' being approved at the 103rd Ordinary General
Shareholders'

Meeting scheduled to be held on June 22, 2007.


 (Reference)

•     Number of issued shares of TMC

(Excluding the number of own shares)                       3,197,936,692 shares

•     Number of own shares                                 412,060,800 shares





(as of March 31, 2007)


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