Amended Subsidiary's Prospect

Toyota Motor Corporation
26 September 2002

                                 (Translation)



To Whom It May Concern:

                                      Filed on September 26, 2002
                                      Company Name: Kanto Auto Works, Ltd.
                                      Name and Title of Representative:
                                              Susumu Uchikawa, President
                                      Code Number: 7223
                                              First Section of Tokyo and Nagoya Stock
                                                    Exchanges
                                      Name and Title of Contact Person:
                                              Michitoshi Yamashita
                                              Director & General Manager, Finance and Cost
                                                      Management Division
                                      Telephone Number: 0468-61-5111

                                      (Parent Company)
                                      Company Name: Toyota Motor Corporation
                                      Name and Title of Representative:
                                              Fujio Cho, President
                                      Code Number: 7203
                                              Securities exchanges throughout Japan
                                      Name and Title of Contact Person:
                                                 Takanori Matsuo
                                                 General Manager, Accounting Division
                                        Telephone Number: 0565-28-2121


             Notice Concerning Amendments to the Business Prospects

Based on recent progress in our business performance, we hereby make amendments
to the business performance prospects of Kanto Auto Works, Ltd. ('KAW')
disclosed upon the announcement of the financial statements for the Fiscal Year
2002 ending March 31, 2002 on May 10, 2002 and that of the financial statements
for the first quarter ending June 30, 2002 on August 1, 2002 as follows:


1. Amendments to the prospective figures of non-consolidated interim business
performance of Fiscal Year 2003 ending March 31, 2003 (from April 1, 2002 to
September 30, 2002)
                                                                                        (In millions of yen)

                                                     Net sales         Ordinary income     Interim net income

Previous prospects (A)                                  270,000                2,200                1,500
(Announced on August 1, 2002)

New prospects (B)                                       272,100                3,000                6,400

Amount changed                                            2,100                  800                4,900
(B - A)

% of change                                                0.8%                36.4%               326.7%

From April 1, 2001 to September 30, 2001                296,337                1,887                1,312
(Actual performance of interim
 period of FY2002)


2. Amendments to the prospective figures of consolidated interim business
performance of Fiscal Year 2003 ending March 31, 2003 (from April 1, 2002 to
September 30, 2002)

                                                                                       (In millions of yen)

                                                Net sales         Ordinary income     Interim net income
Previous prospects (A)                                  280,000                2,200                1,600
(Announced on August 1, 2002)

New prospects (B)                                       283,000                2,400                6,600

Amount changed                                            3,000                  200                5,000
(B - A)

% of change                                                1.1%                 9.1%               312.5%

From April 1, 2001 to September 30, 2001                305,662                1,360                  947
(Actual performance of interim period of
FY2002)


3. Amendments to the prospective figures of non-consolidated business
performance of Fiscal Year 2003 ending March 31, 2003 (from April 1, 2002 to
March 31, 2003)

                                                                                                (In millions of yen)

                                                     Net sales         Ordinary income         Net income
Previous prospects (A)                                  526,300                7,300                4,400

New prospects (B)                                       538,100                8,100                9,300

Amount changed                                           11,800                  800                4,900
(B - A)

% of change                                                2.2%                11.0%               111.4%

From April 1, 2001 to March 31, 2002                    578,331                7,307                4,627
(Actual performance of FY2002)



4. Amendments to the prospective figures of consolidated business performance of
Fiscal Year 2003 ending March 31, 2003 (from April 1, 2002 to March 31, 2003)

                                                                                          (In millions of yen)

                                                      Net sales         Ordinary income         Net income
Previous prospects (A)                                  546,200                7,400                4,600

New prospects (B)                                       558,000                7,600                9,600

Amount changed                                           11,800                  200                5,000
(B - A)

% of change                                                2.2%                 2.7%               108.7%

From April 1, 2001 to March 31, 2002                    596,845                6,863                4,185
(Actual performance of FY2002)


5. Reasons for the Amendments


With regard to the figures of non-consolidated interim business performance, due to the increase in the production of
automobiles and streamlining efforts, net sales and ordinary income are expected to increase JPY 2,100 million and JPY
800 million, respectively.

In connection with enforcement of the Defined Benefit Pension Plan Law, on July 25, 2002, KAW received approval for
exemption from the obligation of the future benefit payment regarding substituted portions of its employee pension
funds.  Due to such exemption, the retirement benefit obligation will expire and extraordinary profit of JPY 8,265
million will be recorded.  As a result, the interim net income is expected to increase JPY 4,900 million.

The figures of consolidated interim business performance, including net sales, ordinary income and interim net income,
are expected to increase as a result of the above reason for the increase in the figures of non-consolidated interim
business performance.

In line with the above increase in the interim figures, the prospective figures for non-consolidated business
performance and consolidated business performance, including net sales, ordinary income and net income, are expected to
increase correspondingly.




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