Stmnt re Kanto Auto Works Ltd

Toyota Motor Corporation
2 October 2000



Toyota Motor Corporation:  The Company and Kanto Auto Works, Ltd. jointly issued
 'Notice Concerning Amendments to the Business Prospects.'


Notice Concerning Amendments to the Business Prospects

Based on the movements of our recent business performance, we hereby make
amendments to the business performance prospects of Kanto Auto Works, Ltd.
disclosed upon the announcement of the financial statements on May 16, 2000 as
follows:

1.  Amendments to the prospective figures of non-consolidated interim business
performance of Fiscal Year 2001 ending March 31, 2001 (from April 1, 2000
through September 30, 2000)

                                                           (In millions of yen)
                                                 Ordinary             Net
                                    Net sales
                                                 income         income/(loss)
Previous prospects (A)
(Announced on May 16, 2000)          173,000        100              (1,600)
New prospects (B)                    179,000        800              (1,100)
Amount changed
(B-A)                                  6,000        700                 500
% of change                             3.5%      Octuple                 -
Year-to-year actual performance
(Actual performance of interim      171,087       1,831               1,142
period of FY2000)

2.  Amendments to the prospective figures of consolidated interim business
performance of Fiscal Year 2001 ending March 31, 2001 (from April 1, 2000
through September 30, 2000)

                                                          (In millions of yen)

                                               Ordinary               Net
                                  Net sales
                                               income/(loss)     income/(loss)
Previous prospects (A)
(Announced on May 16, 2000)        183,000         (400)            (2,500)
New prospects (B)                  189,000          500             (1,400)
Amount changed                           
(B - A)                              6,000          900              1,100
% of change
Year-to-year actual performance
(Actual performance of interim     178,726        1,987              1,242


3  Reasons for the Amendments

The figures of non-consolidated business performance, including net sales,
ordinary income and interim net income, are expected to increase as a result of
increase in the production of automobiles with high profit margins and decrease
in the depreciation expenses compared to the initial prospects.

The figures of consolidated business performance, including net sales, ordinary
income and interim net income, are expected to increase as a result of the above
reasons for the increase in the non-consolidated business performance and
decrease in the expenses compared to the initial prospects due to the
recalculation and determination of the unfunded amount of consolidated
subsidiaries by applying the 'Accounting Standards for Retirement Benefits'.