3rd Quarter Results 5/5

Toyota Motor Corporation
05 February 2003




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


UNCONSOLIDATED STATEMENTS OF INCOME

                   (Million yen; amounts less than one million yen are omitted.)

                                                FY2003 third quarter    FY2002 third quarter          Increase
                                               (October 2002 through   (October 2001 through         (Decrease)
                                                  December 2002)          December 2001)

Net sales                                               2,302,043               2,055,511                246,532

Operating income                                          236,609                 195,127                 41,482

Ordinary income                                           261,805                 173,707                 88,098
Income before income taxes                                261,805                 173,707                 88,098
Income taxes - current                                    112,500                 111,800                    700
Income taxes - deferred                                   (4,400)                (40,100)                 35,700
Net income                                                153,705                 102,007                 51,698




UNCONSOLIDATED BALANCE SHEETS

                   (Million yen; amounts less than one million yen are omitted.)

                                              FY2003 third quarter            FY2002                 Increase
                                                       (As of                  (As of                (Decrease)
                                                  December 31,2002)        March 31,2002)
                Assets
Current assets                                        3,332,804               3,431,039                (98,235)
  Cash, deposits and trade accounts                   1,050,862               1,260,192               (209,330)
  receivable
  Marketable securities                               1,224,270               1,190,085                  34,185
  Others                                              1,057,670                 980,761                  76,909
Fixed assets                                          4,965,962               5,036,891                (70,929)
  Property, plant and equipment                       1,242,870               1,275,101                (32,231)
  Buildings, machinery and equipment                    686,548                 691,649                 (5,101)
  Others                                                556,321                 583,452                (27,131)
  Investments and other assets                        3,723,092               3,761,789                (38,697)
  Investments in securities                           1,733,341               1,832,686                (99,345)
  Others                                              1,989,750               1,929,103                  60,647
             Total assets                             8,298,766               8,467,930               (169,164)


                                              FY2003 third quarter             FY2002                 Increase
                                                        (As of                  (As of                (Decrease)
                                                  December 31,2002)        March 31,2002)
              Liabilities
Current liabilities                                   1,614,564               1,961,602               (347,038)
Long-term liabilities                                   868,620                 844,169                  24,451
Total liabilities                                     2,483,184               2,805,772               (322,588)

         Shareholders' equity
Common stock                                            397,049                 397,049                       -
Capital surplus                                         416,970                 415,150                   1,820

Retained earnings                                     5,189,465               4,908,068                 281,397
                  <153,705>             < 470,239 >             <(316,534)>
Net unrealized gains on other                            82,406                  99,656                (17,250)
securities
Less: treasury stock                                  (270,310)               (157,766)               (112,544)
Total shareholders' equity                            5,815,581               5,662,158                 153,423

  Total liabilities and shareholders'                 8,298,766               8,467,930               (169,164)
                equity


                      This information is provided by RNS
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