Hino to sell six sales subsidiaries in Japan

Japanese commercialized conveyance shaper Hino Motors announced that it has agreed to merchantability six home income subsidiaries, up of its planned merger with Mitsubishi Fuso Truck and Bus Corporation (MFTBC) connected 1April 2026 to signifier Archion Corporation.

Hino confirmed that it plans to transportation 80% of the shares successful 5 of the subsidiaries, including Higashi Hokkaido Hino Motors, Hokkaido Hino Motors, Miyagi Hino Motors, Fukushima Hino Motors and Minami Kanto Hino Motors, to its Taiwanese distributor Ho Tai Motor Company. Hino confirmed it volition clasp a 20% involvement oregon little successful these income companies.

Taiwan Stock Exchange-listed Ho Tai Motor has been Hino’s Taiwanese distributor for much than 70 years. The institution besides distributes Toyota and Lexus vehicles, Taiwan’s 2 starring automotive brands, crossed its extended organisation network.

In a abstracted transaction, Hino has besides agreed to transportation 88.5% of the issued shares of Shizuoka Hino Motors to Aichi Hino Motors Ltd, a long-standing Hino trader operating successful Aichi Prefecture.

Hino confirmed it expects to publication a one-off summation from the merchantability of these shares successful the archetypal 4th of the 2026 fiscal twelvemonth (FY26), which starts successful April. The institution confirmed that the merchantability of these six subsidiaries is linked with its plans to merge with MFTBC.

Hino said that portion its merger with MFTBC is aimed astatine strengthening merchandise and work competitiveness, the 2 companies volition proceed to vie successful the marketplace, adding that “to guarantee continued work prime for customers, support a just competitory situation and code imaginable contention instrumentality concerns arising from the integration, Hino decided to transportation managerial power of definite home income companies to partners with nary superior narration to either Hino oregon MFTBC.”

"Hino to merchantability six income subsidiaries successful Japan" was primitively created and published by Just Auto, a GlobalData owned brand.

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