3rd Quarter Results 3/5

Toyota Motor Corporation
05 February 2003


              FY2003 Third Quarter Consolidated Financial Results
                  (October 1, 2002 through December 31, 2002)

   (All financial information has been prepared in accordance with accounting
                    principles generally accepted in Japan)

        English translation from the original Japanese-language document


                                                                February 5, 2003

Company name                                       : Toyota Motor Corporation

Stock exchanges on which the shares are listed     : Tokyo, Nagoya, Osaka, Fukuoka and Sapporo
                                                     Stock Exchanges in Japan

Code number                                        : 7203

Location of the head office                        : Aichi Prefecture

URL                                                : http://www.toyota.co.jp

Representative                                     : Fujio Cho, President

Contact person                                     : Takahiko Ijichi, General Manager, Accounting Division
                                                     Tel. [phone]

Whether or not to be prepared in accordance with   : No
accounting principles generally accepted in the
United States



Results of FY2003 Third Quarter (October 1, 2002 through December 31, 2002)

(1) Consolidated financial results

                                                                      (Amounts less than one million yen are omitted.)

                                    Net sales                Operating income             Ordinary income
                              Million yen              %  Million yen            %   Million yen             %

FY2003 third quarter            4,186,777         (13.2)      379,436       (23.3)       370,268        (59.0)

FY2002 third quarter            3,697,897                     307,783                    232,873

FY2002                         15,106,297                   1,123,470                  1,113,524


                                   Net income          Net income    Net income
                                                        per share     per share
                                                         - basic      - diluted
                             Million yen            %           Yen           Yen

FY2003 third quarter             216,097       (93.9)         62.94         62.94

FY2002 third quarter             111,472                      30.99             -

FY2002                           615,824                     170.69        170.69

 Note : Regarding net sales, operating income, ordinary income and net income,
        the figures in parentheses show percentage of changes from the corresponding
        period of the preceding year.



(2) Consolidated financial position


                              Total assets     Shareholders' equity       Ratio of       Shareholders' equity
                                                                    shareholders' equity       per share
                                                                    
                                   Million yen          Million yen                    %                   Yen

FY2003 third quarter                20,058,944            7,510,024                 37.4              2,197.50

FY2002                              19,888,937            7,325,072                 36.8              2,059.94


Supplement

   (All financial information has been prepared in accordance with accounting
                    principles generally accepted in Japan)


                                                                February 5, 2003

Toyota Motor Corporation

                       Financial Results for Nine Months
                   (April 1, 2002 through December 31, 2002)

Consolidated statements of income

                                                                     (Amounts less than one million yen are omitted.)
                                            Nine months ended      Nine months ended      Increase      % of
                                            December 31, 2002      December 31, 2001     (Decrease)    change

                                                    Million yen             Million yen   Million yen

Net sales                                            12,073,459              10,531,458     1,542,001      14.6

Operating income                                      1,110,264                 814,364       295,900      36.3

Ordinary income                                       1,164,296                 759,522       404,774      53.3

Income before income taxes and minority               1,360,716                 759,522       601,194      79.2
interest in consolidated subsidiaries

Net income                                              769,894                 402,586       367,308      91.2


                                                            Yen                     Yen

Net income per share-basic                               221.67                  111.32

Net income per share-diluted                             221.67                       -

Unconsolidated statements of income

                                                                     (Amounts less than one million yen are omitted.)

                                            Nine months ended      Nine months ended      Increase      % of
                                            December 31, 2002      December 31, 2001     (Decrease)    change
                                            
                                                    Million yen             Million yen   Million yen

Net sales                                             6,506,820               6,067,454       439,366       7.2

Operating income                                        707,948                 549,344       158,604      28.9

Ordinary income                                         743,555                 520,820       222,735      42.8

Income before income taxes                              906,013                 520,820       385,193      74.0

Net income                                              535,924                 305,605       230,319      75.4


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