Amendment Subsidiary Prospect

Toyota Motor Corporation
26 July 2004

                                 (Translation)





                                                                    July 26,2004

To Whom It May Concern:



                        Company Name: Daihatsu Motor Co., Ltd.
                        Name and Title of Representative:
                                                Takaya Yamada, President
                        (Code Number: 7262
                                                Tokyo Stock Exchange and
                                                Osaka Stock Exchange)
                        Name and Title of Contact Person:
                                                Takanori Matsuo, Director and
                                                General Manager of Finance,
                                                Accounting and Cost Management 
                                                Division
                        Telephone Number: 072-754-3062



                        (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:
                                                Takashi Hata, Managing Officer
                        Telephone Number:0565-28-2121


              Notice Concerning Amendments to Business Projections

Based on recent movement in our business performance, we hereby make amendments
to the business performance projections for the first half year of Fiscal Year
2005 ending March 31, 2005 (from April 1, 2004 to September 30, 2004) disclosed
upon the announcement of the financial statements on April 26, 2004 as follows:

1. Amendments to the prospective figures of interim business performance of
Fiscal Year 2005 ending March 31, 2005 (from April 1, 2004 to September 30, 2004)


                                                                        (In millions of yen)
                                Consolidated                       Non-Consolidated
                     Net sales    Ordinary        Interim   Net sales   Ordinary     Interim
                                   income       net income                income     net income
Previous                520,000       10,000        6,000    395,000       9,000       6,000
projections (A)

New projections (B)     540,000       14,500        9,500    430,000      13,000       9,000

Amount changed(B-A)      20,000        4,500        3,500     35,000       4,000       3,000

% of change (%)             3.8         45.0         58.3        8.9        44.4        50.0

(Reference)             477,015        8,425        3,777    376,196       7,440       4,440
Actual performance
of Interim Period
of FY2004


2. Reasons for the Amendments


       Net sales, ordinary income and interim net income are expected to
increase from the previously announced projections, due to the good performance
in the first quarter of Fiscal Year 2005, and for the interim period of Fiscal
Year 2005, due to the expectation that the strong domestic sales of mini-cars
will continue and that the sales to Toyota Motor Corporation will increase.




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