Daimler Truck AG and Toyota Motor Corporation have set the indicative price range for a joint sale of nearly 788 million shares they hold in ARCHION Co., Ltd. (TSE Prime: 543A), the automotive-sector company disclosed on July 15. ARCHION's board approved the offering on July 6, 2026. The deal is a secondary sale of existing shares, not a new stock issuance, so ARCHION itself raises no fresh capital from the transaction.
The indicative price is ¥250 to ¥300 per share. At the top of that range, the base offering of 787,855,700 shares would be worth roughly ¥236bn before fees. The sale splits into a domestic tranche of 425,442,100 shares and an international tranche of 362,413,600 shares, plus an over-allotment option of up to 118,178,300 additional shares that underwriters can exercise if domestic demand runs hot.
Final pricing lands on a date between July 22 and July 27, 2026, set through a bookbuilding method prescribed by Japan Securities Dealers Association rules. The final price cannot exceed 95% of ARCHION's Tokyo Stock Exchange closing price on whichever day is chosen. That discount mechanic gives underwriters room to place the stock even if the share price moves before the deal prices. Settlement follows five business days after pricing, landing somewhere between July 29 and August 3, 2026.
| Term | Detail |
|---|---|
| Indicative price range | ¥250 to ¥300 per share |
| Sellers | Daimler Truck AG; Toyota Motor Corporation |
| Domestic tranche | 425,442,100 shares |
| International tranche | 362,413,600 shares |
| Total before over-allotment | 787,855,700 shares |
| Over-allotment (maximum) | 118,178,300 shares |
| Pricing decision window | July 22 to July 27, 2026 |
| Settlement window | July 29 to August 3, 2026 |
The notice itself is a compliance filing, not a sales pitch: it states plainly that it is not an offer to sell securities in the United States and that ARCHION's shares are not registered under the US Securities Act. That is standard language for an offering that reaches international investors, not a comment on ARCHION's size or governance. Anyone wanting those details will need the pricing-date filing and, eventually, the full offering prospectus, which the company says will include its financial statements and management information.
What the July 15 notice does not say is just as notable. There is no stated reason for the sell-down, no disclosed post-sale ownership stakes for Daimler Truck or Toyota, and no confirmation of how the final split between domestic and international buyers will land. Those figures should surface once ARCHION and its underwriters lock in the price later this month.