(TRANSLATION)

To Whom It May Concern:

                                                                    June 6, 2005
                                                        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  16,800,000 shares

3.   Date of repurchase                            June 7, 2005

4.   Purchase price                                JPY 3,860 per share

5.   Method of repurchase

          Purchase 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 June 7, 2005
          (purchase orders shall be made during such trading hours 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 June 7, 2005.

     (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 100th Ordinary General Shareholders' Meeting held on
June 23, 2004.

o    Type of shares to be repurchased              Shares of common stock of TMC

o    Aggregate number of shares to be repurchased  Up to 65,000,000 shares

o    Aggregate purchase price of shares            Up to JPY 250,000,000,000


Shares having been repurchased up to June 6, 2005

o    Aggregate number of shares repurchased        43,456,500 shares

o    Aggregate purchase price of shares            JPY 184,780,215,000