Projection chg. of Subsidiary

Toyota Motor Corporation
14 February 2003

                                 (Translation)


To Whom It May Concern:

                                                               February 14, 2003


                                                        Company Name: DAIHATSU MOTOR CO., LTD.
                                                        Name and Title of Representative:
                                                        Takaya Yamada, President
                                                        (Code Number: 7262 Securities exchanges throughout Japan)
                                                        Name and Title of Contact Person:
                                                        Miehiro Morita, Managing Director
                                                        Telephone Number: 072-754-3062

                                                        Parent Company of DAIHATSU MOTOR CO., LTD.:
                                                        TOYOTA MOTOR CORPORATION
                                                        Name and Title of Representative:
                                                        Fujio Cho, President
                                                        (Code Number: 7203 Securities exchanges throughout Japan)
                                                        Name and Title of Contact Person:
                                                        Takahiko Ijichi General Manager, Accounting Division
                                                        Telephone Number: 0565-28-2121





Notice Concerning Return of Substituted Portion of the Employee Pension Fund and Amendments to the Business Performance 
                                                  Projections



We hereby notify you of the return of a substituted portion of the employee pension fund by DAIHATSU MOTOR CO., LTD. 
('DAIHATSU') and the amendments to the full-year consolidated business performance projections of DAIHATSU for the
Fiscal Year 2003 ending March 31, 2003 due to a record of extraordinary profit in accordance with the return of 
substituted portion.


1.   Return of substituted portion of the employee pension fund
     In conjunction with enforcement of the Defined Benefit Enterprise Pension Law, DAIHATSU Employee Pension Fund, in
     which DAIHATSU is enrolled, received approval from the Minister of Health, Labor and Welfare, for exemption from
     payment of future benefit regarding the substituted portion of the employee pension fund on January 30, 2003.

     DAIHATSU applied transitional accounting treatment specified in paragraph 47-2 of the 'Practical Guidelines of
     Accounting for Retirement Benefits (Interim Report)' (Accounting Committee Report No. 13 of The Japanese Institute
     of Certified Public Accountants), and recognized an extinguishment of retirement benefit obligations with respect
     to such substituted portion as of the date of the approval.

     As a result of the above, DAIHATSU expects to record an extraordinary profit of JPY 13 billion for both
     consolidated and non-consolidated financial statements for the Fiscal Year 2003 ending March 31, 2003

2.   Amendments to the prospective figures of the consolidated business performance for the 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 projections  (A)                                                     950,000           16,000            6,500

New projections  (B)                                                          950,000           16,000           14,000

Amount changed  (B - A)                                                             -                -            7,500

% of change                                                                         -                -           115.4%

Actual performance from April 1, 2001 to March 31, 2002  (FY2002)             943,938           16,132            9,310



(Reasons for amendments)
Reasons for amendments to the business performance projections are as set out in 1 above.


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