Dissolution of a Subsidiary

Toyota Motor Corporation
07 April 2006

                                 (Translation)


To Whom It May Concern:

                                                                   April 7, 2006



                                                 Company Name: HINO MOTORS, LTD.

                                               Name and Title of Representative:
                                                          Shoji Kondo, President
                                                               Code Number: 7205
                                           Tokyo Stock Exchange and Nagoya Stock
                                                                        Exchange
                                               Name and Title of Contact Person:
                                                                Toshihisa Sakaki
                                       General Manager, Corporate Communications
                                         Department, Corporate Planning Division
                                                  Telephone Number: 03-5419-9320
                                           (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
                                               Name and Title of Contact Person:
                                                              Masaki Nakatsugawa
                                            General Manager, Accounting Division
                                                  Telephone Number: 0565-28-2121



Notice Concerning the Dissolution of a Subsidiary


We hereby notify you that TOKYO HINO MOTOR LTD ('TOKYO HINO'), a subsidiary of
HINO MOTORS, LTD. ('HINO'), decided to dissolve its subsidiary as described
below.



1.    Facts of the Subsidiary to be dissolved



       Trade Name: Sakamori Jidousha Kabushiki Kaisha

       Location: 271, Fukai 7-chome, Kitamoto-shi, Saitama Prefecture

       Name of Representative: Yoshimasa Tabata, President

       Contents of Business: Automobile maintenance business

       Date of Incorporation: September, 1967

       Capital: JPY 20 million

       Total Assets: JPY 193 million (as of March 31, 2005)

       Number of Employees: 17 persons

       Major Clients: TOHUN Service Corporation, TOKYO HINO and others

       Shareholders: TOKYO HINO: 84% (TOKYO HINO is a 99.9% owned subsidiary of
       HINO)
       Individual shareholders: 2 persons, 16%

       Business Performance (Fiscal year ended March 31, 2005):

       Net sales: JPY 356 million

       Ordinary income: JPY 14 million



2.    Schedule for Dissolution


       Scheduled to be dissolved on April 24, 2006


3.    Reason for Dissolution


       In order to improve business efficiency of HINO group


4.       Anticipated Effects on Business Performance


       The anticipated effects of the dissolution on each of HINO's and TOYOTA
       MOTOR CORPORATION's business performances are very minor.


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