Hino Motors, a leading Japanese commercial vehicle manufacturer, recently announced its decision to sell six of its domestic sales subsidiaries as part of its upcoming merger with Mitsubishi Fuso Truck and Bus Corporation (MFTBC) to form Archion Corporation on 1st April 2026.
The company disclosed that it will be transferring 80% of the shares in five of its subsidiaries – Higashi Hokkaido Hino Motors, Hokkaido Hino Motors, Miyagi Hino Motors, Fukushima Hino Motors, and Minami Kanto Hino Motors – to Ho Tai Motor Company, its longstanding Taiwanese distributor. Hino will retain a minority stake of 20% or less in these sales companies. Ho Tai Motor Company, listed on the Taiwan Stock Exchange, has been Hino’s distributor in Taiwan for over 70 years and also distributes vehicles from Toyota and Lexus, two of Taiwan’s top automotive brands.
In a separate deal, Hino has also agreed to transfer 88.5% of the issued shares of Shizuoka Hino Motors to Aichi Hino Motors Ltd, a reputable Hino dealer based in Aichi Prefecture. The company anticipates a one-off gain from the sale of these shares in the first quarter of the 2026 fiscal year, which commences in April. These divestments are part of Hino’s strategy in preparation for its merger with MFTBC.
Hino emphasized that the merger with MFTBC aims to enhance product and service competitiveness while ensuring that both companies continue to compete in the market. To maintain service quality for customers, uphold a fair competitive environment, and address potential competition law concerns resulting from the integration, Hino opted to transfer managerial control of certain domestic sales companies to partners without any capital relationship to either Hino or MFTBC.
The original article, “Hino to sell six sales subsidiaries in Japan,” was sourced from Just Auto, a brand owned by GlobalData. The information provided is for general informational purposes only and should not be considered as advice. It is recommended to seek professional or specialist advice before making any decisions based on the content.
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