Business Performance-Amendmts

Toyota Motor Corporation
22 April 2002


                                  Company Name: Hino Motors, Ltd.
                                  Name and Title of Representative:
                                  Tadaaki Jagawa, President
                                  Code Number: 7205
                                  Securities exchanges throughout Japan
                                  Name and Title of Contact Person:
                                  Toshihisa Sakaki
                                  General Manager, Public Relations Department,
                                  Corporate Planning Division
                                  Telephone Number: 03-5419-9320

                                  Our Parent Company: Toyota Motor Corporation
                                  Name and Title of Representative:
                                  Fujio Cho, President
                                  Code Number: 7203
                                  Securities exchanges throughout Japan


                          Notice Concerning Amendments to 
               the Business Performance Projections (Consolidated)

Based on the movements of our recent business performance, we hereby make
amendments to the business performance projections disclosed upon the
announcement of the financial statements on November 20, 2001 as follows:

1. Amendments to the prospective figures of consolidated business performance of 
   the Fiscal Year 2002 ending March 31, 2002 (from April 1, 2001 to March 31, 
   2002)


                                                         (In millions of yen, %)
                                                       Ordinary 
                                        Net sales        income     Net income
Previous projections (A) 
(Announced on November 20, 2001)          760,000         7,400         13,000

New projections (B)                       759,000         4,500          8,000

Amount changed (B-A)                       (1,000)       (2,900)        (5,000)

% of change                                 (0.1%)       (39.2%)        (38.5%)

Actual performance from April 1, 
2000 to March 31, 2001 (FY2001)           703,998         3,056        (13,301)


2. Reasons for the Amendments

   The prospective figures of the consolidated business performance of the 
   Fiscal Year 2002 were announced in November 2001. However, the new projection 
   of net sales is expected to decrease by 0.1% compared with the previous 
   projection due to the lower-than-expected domestic sales of trucks and buses, 
   notwithstanding the increase in vehicles produced on commission for Toyota 
   Motor Corporation.

   Due to the decrease in the expected earnings of the consolidated subsidiaries
   (mainly the sales companies) and for other reasons, prospective figures of
   ordinary income and net income are expected to fall below the previously
   announced prospective figures as shown above.



                           Notice Concerning Amendments to 
             the Business Performance Projections (Non-consolidated)

Based on the movements of our recent business performance, we hereby make
amendments to the business performance projections disclosed upon the
announcement of the financial statements on November 20, 2001 as follows:

1. Amendments to the prospective figures of non-consolidated business 
   performance of the Fiscal Year 2002 ending March 31, 2002 (from April 1, 2001 
   to March 31, 2002)

                                                         (In millions of yen, %)
                                                       Ordinary 
                                        Net sales        income     Net income
Previous projections (A) 
(Announced on November 20, 2001)          568,200         8,700         15,200

New projections (B)                       564,000         8,400         13,200

Amount changed (B-A)                       (4,200)         (300)        (2,000)

% of change                                 (0.7%)        (3.4%)        (13.2%)

Actual performance from April 1, 
2000 to March 31, 2001 (FY2001)           520,338        10,376          8,590


2. Reasons for the Amendments

   The prospective figures of the non-consolidated business performance of the 
   Fiscal Year 2002 were announced in November 2001. However, the new projection 
   of net sales is expected to decrease by 0.7% compared with the previous 
   projection due to the lower-than-expected domestic sales of trucks and buses, 
   notwithstanding the increase in vehicles produced on commission for Toyota 
   Motor Corporation.

   Due to such decrease in sales, the prospective figures of ordinary income and 
   net income are expected to fall below the previously announced prospective 
   figures as shown above.



                      This information is provided by RNS
            The company news service from the London Stock Exchange