Final Results 6

Toyota Motor Corporation
11 May 2004


                                 (Translation)


To Whom It May Concern:

                                                                    May 11, 2004
                                                        Toyota Motor Corporation
                                               (Toyota Jidosha Kabushiki Kaisha)
                                    1, Toyota-cho, Toyota City, Aichi Prefecture


                     Notice Concerning Repurchase of Shares
      (Repurchase of Shares under Article 210 of the Commercial Code)


At its meeting held on May 11, 2004, the Board of Directors of Toyota Motor
Corporation ('TMC') resolved to propose an agenda asking for authorization to
repurchase its shares under the provision of Article 210 of the Commercial Code
at the FY2004 Ordinary General Shareholders' Meeting to be held on June 23,
2004.  We hereby inform you as follows.



1.     Reasons for repurchase

In order to improve capital efficiency and to implement flexible capital
policies in accordance with the business environment.

2.     Type of shares to be repurchased      Shares of common stock of TMC

3.     Aggregate purchase price of shares    Up to JPY 250,000,000,000

4.     Aggregate number of shares to be repurchased    Up to 65,000,000 shares


(Note) The above repurchase of shares shall be conditional upon the agendum
'Repurchase of Shares' being approved at the FY2004 Ordinary General
Shareholders' Meeting scheduled to be held on June 23, 2004.


 (Reference)

Number of issued shares of TMC                             3,609,997,492 shares
(as of March 31, 2004)


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