Latest Tokyo Brief coverage on TIER IV, Inc., tracking filings, financial news, and market signals from Japan.
TSE:593A
METI has selected TIER IV as an indirect recipient of a subsidy covering two-thirds of a requested ¥6.0bn budget to adapt its Autoware software for autonomous buses in Saudi Arabia, but the formal grant decision and final amount are still pending.
Japan's loss-making autonomous-driving software developer fixed its offer price and lined up Morgan Stanley and SMBC to sell shares abroad, funneling the proceeds into custom AI chips and mass-production supply chains.
TIER IV set ¥862.75 as the price for its overseas share offering, unlocking part of an ¥8.7bn budget for autonomous-driving AI and custom semiconductors through the year to September 2028.
TIER IV has begun soliciting overseas institutional demand for a common-share offering and is also contemplating a domestic tranche. The size, split and pricing are still undecided, with estimated net proceeds of 9.8 billion yen to 29.8 billion yen earmarked for autonomous-driving R&D, production and hiring.
Current holdings disclosed by tracked funds.
| Fund | NAV weight | Holdings as of |
|---|---|---|
| TSE Growth 250 ETF | 1.31% | 19 Oct 2026 |