Summary of Business Report

Toyota Motor Corporation
24 June 2005

Japanese Business Report (for the Registrant's 101st fiscal period from April 1,
2004 through March 31, 2005), consisting of 16 pages (including cover pages).
The report included the following sections:

I.      Message to shareholders from Chairman Hiroshi Okuda and President Fujio
Cho, including a brief discussion of dividend payments for the fiscal year.

II.     Tabular and graphic presentation of selected current and historical
consolidated financial figures.

III.    Narrative and graphic presentation of consolidated segment
information by operating and geographic segments.

IV.     Topics section describing major developments in the Registrant's
business activities during the fiscal year.

V.      Special presentation on the new generation hybrid system, 'THS II'.

VI.     Presentation of new management.

VII.    Consolidated and unconsolidated financial statements, including the
statements of income, balance sheets and statements of cash flows (consolidated
basis only) for the years ended March 31, 2004 and 2005.

VIII.   Shareholder information.

IX.     List of directors, corporate auditors and managing officers.

X.      Back cover setting forth addresses and other general information.




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