Purchase of Own Securities

Toyota Motor Corporation
25 February 2003

                                 (TRANSLATION)


To Whom It May Concern:

                                                               February 25, 2003
                                                        Toyota Motor Corporation
                                               (Toyota Jidosha Kabushiki Kaisha)
                                    1, Toyota-cho, Toyota City, Aichi Prefecture



                         Notice of Repurchase of Shares through
                   N-NET Closing Price Orders on Nagoya Stock Exchange


Toyota Motor Corporation ('TMC') determined the method for repurchasing its
shares pursuant to the provisions of Article 210 of the Commercial Code and we
hereby inform you as follows.


1. Type of shares to be repurchased                Shares of common stock of TMC
2. Aggregate number of shares to be repurchased    17,000,000 shares
3. Date of repurchase                              February 26, 2003
4. Purchase price                                  JPY 2,805 per share
5. Method of repurchase
   TMC will purchase its shares through N-NET closing price orders on the Nagoya Stock Exchange during the period from 
8:20 a.m.
   to 8:50 a.m. on February 26, 2003 (purchase orders shall be made during such trading times only.)
6. Publication of the results of repurchase
   The results of repurchase will be announced after the conclusion of the 8:50 a.m. trading hour of February 26, 2003.
    (Note 1) The above number of shares shall not be changed.  However, there is a possibility that a part or all of 
such shares
             may not be repurchased due to market conditions, etc.
    (Note 2) The shares for which orders to sell have been placed shall be repurchased up to the number of shares 
scheduled to be
             repurchased.



(Reference)

Matters resolved at the FY 2002 Ordinary General Shareholders' Meeting held on
June 26, 2002.
    • Type of shares to be repurchased                             Shares of common stock of TMC
    • Aggregate number of shares to be repurchased                 Up to 170,000,000 shares
    • Aggregate purchase price of shares                           Up to JPY 600,000,000,000



Shares having been repurchased up to February 25, 2003
     • Aggregate number of shares repurchased                          85,098,300 shares
     • Aggregate purchase price of shares                              JPY 256,503,172,500



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Contact: TMC, Public Affairs at (03) 3817-91116 (Tokyo Head Office)
(0565) 23-15204 (Head Office)
(052) 952-34614 (Nagoya)


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