Within this month, Toyota and Daimler Truck are set to reduce their respective holdings in Archion, the joint-venture commercial vehicle company. The anticipated total value of the stakes to be divested falls within the range of JPY 200 billion to JPY 300 billion, roughly equivalent to $1.24 billion to $1.87 billion. This strategic move will involve the public sale of approximately 900 million shares, representing around 30% of Archion's total share capital. The purpose of this share sale is to comply with regulatory mandates concerning the free float of shares, which are essential for Archion's upcoming listing on the Tokyo Stock Exchange.

Archion has announced that it is currently assessing a range of capital policy options, including the potential for additional share offerings. However, a final decision has yet to be reached. Meanwhile, Toyota has chosen to remain silent on the matter for the time being. Archion emerged as a new commercial vehicle powerhouse following the merger of Toyota's Hino Motors and Daimler's Mitsubishi Fuso Truck and Bus Corporation. Both Toyota and Daimler Truck currently hold a 25% stake each in Archion.

Japanese media outlets predict that Archion could make an official announcement regarding these developments as early as next week. The capital market has responded favorably to the news, with Toyota's stock price experiencing a 1.25% increase and Daimler Truck's stock price rising by 0.98% during trading on the 3rd in the Tokyo stock market. Notably, Archion's stock price witnessed a substantial surge of 5.03%.