Amd to Forecast FY09

RNS Number : 5716K

Toyota Motor Corporation

22 December 2008

[Translation]

December 22, 2008

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 Amendments to the Forecasts for FY2009

Based on our recent business performance, we, TOYOTA MOTOR CORPORATION ('Toyota'), hereby announce the following amendments to the forecasts of consolidated and unconsolidated financial results for FY2009 (April 1, 2008 through March 31, 2009), previously announced on November 6, 2008, as follows:

1. Amendments to the forecasts of consolidated financial results for FY2009

(April 1, 2008 through March 31, 2009).

(Amount: billion yen)

	Net revenues	Operating income	Income before income taxes, minority interest and equity in earnings of affiliated companies	Net income
Previous forecasts (A)	23,000.0	600.0	640.0	550.0
New forecasts (B)	21,500.0	-150.0	-50.0	50.0
Amount changed (B - A)	-1,500.0	-750.0	-690.0	-500.0
% of change	-6.5%	-	-	-90.9%
(Reference) Actual results for FY2008	26,289.2	2,270.3	2,437.2	1,717.8

2. Amendments to the forecasts of unconsolidated financial results for FY2009

(April 1, 2008 through March 31, 2009).

(Amount: billion yen)

	Net sales	Operating income	Ordinary income	Net income
Previous forecasts (A)	10,600.0	140.0	600.0	510.0
New forecasts (B)	9,500.0	-220.0	220.0	220.0
Amount changed (B - A)	-1,100.0	-360.0	-380.0	-290.0
% of change	-10.4%	-	-63.3%	-56.9%
(Reference) Actual results for FY2008	12,079.2	1,108.6	1,580.6	1,138.1

3. Reasons for the Amendments

The forecasts of consolidated and unconsolidated financial results for FY2009 decreased from the

previously announced forecasts, due to factors such as the revision of the sales plan in response to

the unexpected degree of the slowdown in the automotive market, and the revision of the assumed

exchange rates in response to further appreciation of the yen.

(Note) This notice contains forward-looking statements that reflect Toyota's forecasts for consolidated and

unconsolidated results. These forward-looking statements are not guarantees of future performance and involve

known and unknown risks, uncertainties and other factors that may cause Toyota's 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 and market demand affecting, and the competitive environment in, the automotive markets in

Japan, North America, Europe and other markets in which Toyota operates; (ii) fluctuations in currency exchange

rates, particularly with respect to the value of the Japanese yen, the U.S. dollar, the Euro, the Australian dollar, the

Canadian dollar and the British pound; (iii) Toyota's 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 in the markets in which Toyota operates that affect Toyota's automotive operations,
                      particularly laws, regulations and government policies relating to trade, environmental protection, vehicle
                      emissions, vehicle fuel economy and vehicle safety, as well as changes in laws, regulations and government
                      policies that affect Toyota's other operations, including the outcome of future litigation and other legal
                      proceedings; (v) political instability in the markets in which Toyota operates; (vi) Toyota's ability to timely develop
                      and achieve market acceptance of new products; and (vii) fuel shortages or interruptions in transportation
                      systems, labor strikes, work stoppages or other interruptions to, or difficulties in, the employment of labor in the
                     major markets where Toyota purchases materials, components and supplies for the production of its products or
                      where its products are produced, distributed or sold.