3rd Quarter Results

Toyota Motor Corporation
06 February 2007

                                                           For immediate release
                                                                February 6, 2007



                Toyota Announces Third Quarter Financial Results
        Net Revenues, Operating Income and Net Income Reach New Records
                             for the third quarter

  (All consolidated financial information has been prepared in accordance with
   accounting principles generally accepted in the United States of America)


Tokyo-TOYOTA MOTOR CORPORATION (TMC) today announced operating results for the
third quarter ended December 31, 2006.



On a consolidated basis, net revenues for the period totaled 6.15 trillion yen,
an increase of 15.2 percent compared to the same period last year.  Operating
income increased 19.2 percent to 574.7 billion yen, while income before income
taxes, minority interest and equity in earnings of affiliated companies was
615.9 billion yen.  Net income increased 7.3 percent to 426.7 billion yen.



Positive contributions to operating income totaled 170.0 billion yen, consisting
of 120.0 billion yen from marketing efforts, 30.0 billion yen from the effects
of changes in foreign exchange rates and 20.0 billion yen from cost reduction
efforts.  Negative factors totaled 77.5 billion yen, including an increase in R&
D expenses of 21.6 billion yen.



Commenting on the results, TMC Senior Managing Director Takeshi Suzuki said, 'As
for the third quarter consolidated results, Toyota posted record results in net
revenues, operating income and net income.  We believe our company wide efforts
have contributed to these results.'



Consolidated vehicle sales for the period reached 2.155 million, an increase of
175 thousand units over the same period last year.



In Japan, vehicle sales decreased by 30 thousand over the same period last year,
to 541 thousand units.  While sales of certain existing models declined, sales
of redesigned models such as the Corolla and Estima and new models such as the
Auris and Lexus LS were favorable.  Toyota's market share excluding
mini-vehicles grew by 1.3 percent compared with the same period last year, to
47.5 percent.  Operating income from Japanese operations increased by 102.4
billion yen over the same period last year, to 383.5 billion yen, mainly due to
an increase in production volume and exports.



In North America, vehicle sales reached 764 thousand, an increase of 121
thousand units, due to strong sales of redesigned models such as the RAV4, Camry
and Yaris and the new model FJ Cruiser.  Operating income decreased by 28.7
billion yen, to 99.1 billion yen.  This is mainly due to temporary expenses such
as costs associated with the start up of the Texas plant.



In Europe, led by strong sales of compact models such as the Yaris, vehicle
sales increased by 60 thousand, to 306 thousand units.  Operating income from
European operations increased by 8.2 billion yen, to 34.8 billion yen.  The
increase in operating income was mainly due to increases in both production
volume and vehicle units sold.



In Asia, sales decreased by 13 thousand, to 204 thousand units, as a result of
weakened market conditions in Indonesia and Taiwan.  Operating income from Asian
operations decreased by 10.5 billion yen, to 28.1 billion yen, as a result of
decreases in both production and sales volume.



In other regions, including Central and South America, Oceania and Africa,
vehicle sales increased to 340 thousand units, an increase of 37 thousand, due
to continuing popularity of the IMV series in Central and South America and the
Camry in Oceania.  Operating income in these regions increased by 16.3 billion
yen, to 31.0 billion yen.



TMC estimates that the projected consolidated vehicle sales for the fiscal year
ending March 31, 2007 will be 8.470 million units, which is unchanged from TMC's
forecast announced in November 2006.  Consolidated revenues and earnings
forecast for the fiscal year also remain unchanged, with consolidated net
revenues of 23.2 trillion yen, operating income of 2.20 trillion yen and net
income of 1.55 trillion yen.  Foreign exchange rate assumptions for the full
year are now 116 yen against US dollar and 147 yen against Euro, based on the
actual rates in first three quarters.




(Please see attached information for details on financial results. Further
information is also available on the Internet at www.toyota.co.jp)


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Cautionary Statement with Respect to Forward-Looking Statements

This release contains forward-looking statements that reflect Toyota's plans and
expectations.  These forward-looking statements are not guarantees of future
performance and involve known and unknown risks, uncertainties and other factors
that may cause Toyota's actual results, performance, achievements or financial
position to be materially different from any future results, performance,
achievements or financial position expressed or implied by these forward-looking
statements.  These factors include: (i) changes in economic conditions and
market demand affecting, and the competitive environment in, the automotive
markets in Japan, North America, Europe and other markets in which Toyota
operates; (ii) fluctuations in currency exchange rates, particularly with
respect to the value of the Japanese yen, the U.S. dollar, the Euro, the
Australian dollar and the British pound; (iii) Toyota's ability to realize
production efficiencies and to implement capital expenditures at the levels and
times planned by management; (iv) changes in the laws, regulations and
government policies in the markets in which Toyota operates that affect Toyota's
automotive operations, particularly laws, regulations and policies relating to
trade, environmental protection, vehicle emissions, vehicle fuel economy and
vehicle safety, as well as changes in laws, regulations and government policies
that affect Toyota's other operations, including the outcome of future
litigation and other legal proceedings; (v) political instability in the markets
in which Toyota operates; (vi) Toyota's ability to timely develop and achieve
market acceptance of new products; and (vii) fuel shortages or interruptions in
transportation systems, labor strikes, work stoppages or other interruptions to,
or difficulties in, the employment of labor in the major markets where Toyota
purchases materials, components and supplies for the production of its products
or where its products are produced, distributed or sold.

A discussion of these and other factors which may affect Toyota's actual
results, performance, achievements or financial position is contained in
Toyota's annual report on Form 20-F, which is on file with the United States
Securities and Exchange Commission.






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