Amend to Business Prospects

Toyota Motor Corporation
24 October 2000



                                     Filed on October 24, 2000
                                     Company Name: Toyoda Boshoku Corporation
                                     Name and Title of Representative:
                                        Junichi Yoshikawa, President
                                     Code Number: 3116
                                        First Section of Tokyo and Nagoya Stock
                                          Exchanges
                                     Name and Title of Contact Person:
                                        Hitoshi Sumi
                                        General Manager, Accounting Division
                                     Telephone Number: (0566) 26-0313

                                     (Parent Company)
                                     Company Name: Toyota Motor Corporation
                                     Name and Title of Representative:
                                        Fujio Cho, President
                                     Code Number: 7203
                                        Securities exchanges throughout Japan.
                                     Name and Title of Contact Person:
                                           Takasuke Haruki
                                           General Manager, Accounting Division 
                                    Telephone Number: (0565) 28-2121


           Notice Concerning Amendments to the Business Prospects

We hereby make amendments to the business performance prospects of Toyoda
Boshoku  Corporation ('Corporation') for the Fiscal Year 2001 (from  April
1, 2000 through March 31, 2001) disclosed upon the announcement  of  the
financial statements in May 2000 as follows:

1. Non-consolidated accounting

(1) Amendments to the interim business performance prospects (from April
    1, 2000 through  September 30, 2000)
                                                       (in millions of yen)
                           Net sales      Ordinary         Net
                                          income      income/(loss)
Previous prospects (A)      26,500        1,300            (380)
New prospects (B)           29,900        1,700             140
Amount changed (B - A)       3,400          400             520
% of  change                  12.8%       30.8%              -                  
                                                                               
Year-to-year actual         23,282          922             487
performance(for reference)

(2) Amendments to the business performance prospects for FY2001 (from April 1,  
         2000 through March 31, 2001)
                                                         (in millions of yen)

                                 Net sales        Ordinary            Net
                                                  income        income/(loss)
Previous prospects (A)              54,000         2,750            (670)
New prospects (B)                   75,000         3,600             450
Amount changed (B - A)              21,000           850           1,120
% of change                          38.9%          30.9%              -
Year-to-year actual performance     49,677         2,526           1,375
(for reference)

2. Consolidated accounting

  (1) Amendments to the consolidated interim business performance
      prospects (from April 1, 2000 through September 30, 2000)
                                                
                                                        (in millions of yen)

                                   Net sales         Ordinary         Net
                                                      income     income/(loss)
Previous prospects (A)                26,700           1,300         (370)
New prospects (B)                     30,100           1,700           80
Amount changed (B-A)                   3,400             400          450
% of change                            12.7%            30.8%           -
Year-to-year actual performance           -                -            -
(for reference)

   (Note)  Consolidated  interim  financial statements  for  the  interim
           period  of FY2000 (from April 1, 1999 through September 30, 1999)
           have not been prepared.

(2) Amendments to the consolidated business performance prospects for
    FY2001 (from April 1, 2000 through March 31, 2001)
                                            
                                                         (in millions of yen)

                                   Net sales        Ordinary        Net
                                                    income      income/(loss)
Previous prospects (A)                54,500           2,780           (650)
New prospects (B)                     75,500           3,700            440
Amount changed (B-A)                  21,000             920          1,090
% of change                            38.5%            33.1%             -
Year-to-year actual performance       50,109           2,551          1,375
(for reference)

3. Reasons for the amendments above are as follows:

  (1) Non-consolidated accounting
     For  the  interim  period  of FY2001 (from  April 1, 2000  through
     September  30,  2000),  the sales of auto  parts  and  textiles  are
     expected  to  exceed  the  prospectus  figures  disclosed  upon  the
     announcement  of  financial statements in May, and the  incomes  are
     also expected to increase.

     In  addition, the business performance prospects shall be amended as
     above, as the net income for the interim period  of  FY2001  will
     increase due to the decrease in pension benefit obligation from the amount 
    disclosed upon the announcement of the financial statements in May. The     
   scope of pension benefit obligation was expanded due to the application of   
  'Accounting Standards for Retirement Benefits,' and the Corporation           
 will record the newly recognized obligation as expenses in
     lump-sum during this fiscal year.
           
     The business performance prospects shall be amended with the
     expected increases in net sales and incomes during the current             
    fiscal year, resulting from the increases in net sales and incomes          
   during the interim period, the merger between the Corporation and
     Toyoda Kako Corporation, and the expected revenue growth during the        
    second half of the fiscal year.
            
 (2) Consolidated accounting
            
     The consolidated business performance prospects are amended
     in line with the amendments to the non-consolidated business               
    performance prospects for the interim period and FY2001.