Amd to FY2008 re subsidiary

Toyota Motor Corporation
25 March 2008

                                 (Translation)

                                                                  March 25, 2008


To Whom It May Concern:
                                       Company Name:  Hino Motors, Ltd.
                                       Name and Title of Representative:
                                       Shoji Kondo, President
                                       (Code Number: 7205
                                       The first sections of the Tokyo Stock
                                       Exchange and the Nagoya Stock Exchange)
                                       Name and Title of Contact Person:
                                       Toshihisa Sakaki
                                       General Manager, Corporate Communications
                                       Department, Corporate Planning Division
                                       Telephone Number: 03-5419-9320
                                       (The Parent Company of Hino Motors, Ltd.)
                                       Company Name:  Toyota Motor Corporation
                                       Name and Title of Representative:
                                       Katsuaki Watanabe, President
                                       (Code Number: 7203
                                       Securities exchanges throughout Japan)

                        Notice Concerning Amendments to
                the Business Projections for the Fiscal Year 2008

Based on recent business performance of Hino Motors, Ltd. (the 'Company'), we
hereby announce the following amendments to the business projections previously
disclosed on October 31, 2007, upon the announcement of the financial statements
for the first half of the Fiscal Year 2008, for the Fiscal Year 2008 (from April
1, 2007 to March 31, 2008), as follows:

1. Amendments to the prospective figures for the consolidated business
   performance for Fiscal Year 2008 (from April 1, 2007 to March 31, 2008).

                                                                                    (In millions of yen)
                                          Net revenues      Operating    Ordinary income      Net
                                                             income                          income
Previous projections (A)                       1,340,000          44,000          40,000         22,000

New projections (B)                            1,360,000          46,000          40,000         22,000
Amount changed                                    20,000           2,000               -              -

(B - A)
% of change                                         1.5%            4.5%              -%             -%
(Reference)                                    1,287,668          36,701          36,841         20,059

Actual results

for the Fiscal Year 2007

2. Amendments to the prospective figures for the non-consolidated business
   performance for  Fiscal Year 2008 (from April 1, 2007 to March 31, 2008)


                                                                                           (In millions of yen)
                                                     Net revenues    Operating     Ordinary             Net
                                                                      income        income            income
                 Previous projections (A)                1,000,000        27,000        29,000          18,000

                 New projections (B)                     1,030,000        30,000        29,000           4,500
                 Amount changed                             30,000         3,000             -         -13,500

                 (B - A)
                 % of change                                  3.0%         11.1%            -%          -75.0%
                 (Reference)                               976,683        25,910        28,658          16,501

                 Actual results

                 for the Fiscal Year 2007


3.   Reasons for the Amendments

Among the figures for the consolidated business performance for Fiscal Year
2008, net revenues and operating income are expected to increase from the
previously announced projected figures, due to factors such as an increase in
overseas sales, including in Indonesia, Vietnam and Latin America. The figures
for ordinary income and net income are expected to be as announced previously,
since non-operating expenses may increase due to the impact of currency exchange
losses from the rising yen.

As for the non-consolidated business performance, the figures for net revenues
and operating income are expected to increase from the previously announced
projected figure for the same reasons as those for the amendments to the
consolidated business performance stated above.  Moreover, for the same reasons
as for the consolidated figures, the figure for ordinary income is expected to
be as announced previously.  The figure for net income is expected to fall below
the previously announced projected figure reflecting the impairment loss of the
stock in a U.S. subsidiary whose financial position deteriorated. This
deterioration was caused by the rapid decrease of the subsidiary's sales volume
in the United States due to the impact of the U.S. market slump.

(Note)      The prospective figures for the business performance stated above
are based upon information that is currently in the Company's possession and
upon certain premises that the Company deems reasonable.  The Company's actual
future performance or other similar results could differ materially from those
discussed above, due to various factors.



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