This excerpt taken from the TM 6-K filed Nov 20, 2006.
Notice Concerning Offering Price, Etc.
We hereby notify you that with respect to the offer for sale shares of common stock of Toyota Motor Corporation (TMC) (the Shares) in the domestic markets and the overseas markets, which was resolved at its Board of Directors Meeting on November 7, 2006, the offering price, etc. was determined today, November 20, 2006, as follows:
Calculation of offering price