Daimler Truck AG's stake in ARCHION Corporation, the Tokyo Stock Exchange Prime-listed company at the center of last year's commercial-vehicle integration agreement among Toyota Motor, Daimler Truck AG, Hino Motors and Mitsubishi Fuso Truck and Bus, fell to 25.00% from 27.14%, according to an amended large-shareholding report filed with Japan's Kanto Local Finance Bureau on August 21, 2026. The report covers a reporting-obligation date of August 14, 2026, when Daimler Truck's holding dropped more than one percentage point, the threshold that triggers this kind of filing.
The reduction came through two off-market sales. On July 22, 2026, Daimler Truck sold 393,927,900 shares, 14.29% of ARCHION's stock, at ¥250.80 each. On August 14, it disposed of a further 59,089,200 shares, or 2.14%, at ¥249.60 each. That second block was the exercise of a greenshoe option: Daimler Truck had lent the shares to SMBC Nikko Securities under an agreement running July 29 to August 19, 2026, tied to an earlier overallotment offering.
| Date | Shares Disposed | Share of Total | Price per Share |
|---|---|---|---|
| July 22, 2026 | 393,927,900 | 14.29% | ¥250.80 |
| August 14, 2026 | 59,089,200 | 2.14% | ¥249.60 |
These are not opportunistic sales. Under a June 10, 2025 business-integration agreement among Toyota Motor, Daimler Truck AG, Hino Motors and Mitsubishi Fuso Truck and Bus, which ARCHION itself joined as a party on July 31, 2025, the two parent companies committed to cut their respective holdings to 25% each of ARCHION's 2,756,582,628 outstanding shares. The filing states the goal explicitly: to raise the free-float ratio of ARCHION's common stock. Once that adjustment is fully carried out, the voting-rights split will be uneven even though the equity stakes match: 26.7% for Daimler Truck against 19.9% for Toyota, a gap tied to Toyota's Class A shares.
The filing also lays out governance terms attached to the deal. Daimler Truck keeps the right to nominate one ARCHION audit-committee director for as long as it holds 10% or more of voting rights, and a Daimler-nominated director already sits on the board. Both parents are barred from selling ARCHION shares for 60 months after the integration took effect without mutual agreement, and until the free-float adjustment trade is complete, Daimler Truck has agreed not to exercise voting rights beyond a bare majority at shareholder meetings without Toyota's prior consent.