The integration of Mitsubishi Fuso and Hino Motors is set for completion, with Daimler Truck and Toyota Motor aiming to each hold a 25% stake in the new holding company, which is planned to start operations in April 2026.
This strategic move is intended to enhance the competitiveness of Japanese commercial vehicle manufacturers and contribute to a sustainable mobility society.
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The merger plan was first announced in April this year.
The newly formed holding company, which plans to own 100% of both Mitsubishi Fuso and Hino, is expected to be listed on the Prime Market of the Tokyo Stock Exchange.
The collaboration is designed to operate on an equal footing, focusing on the development, procurement, and production of commercial vehicles.
The companies anticipate announcing further details, including the name of the holding company, in the coming months, contingent upon approval from boards, shareholders, and authorities.
Commercial vehicles, considered essential “social infrastructure”, are at the heart of this collaboration.
The four companies share a vision to “contribute to an affluent society through mobility” and believe that the integration will lead to improved business efficiency and a stronger automotive industry foundation in Japan and Asia.
Hino CEO Satoshi Ogiso said: “Cooperation among these 4 companies is truly “once-in-a-lifetime opportunity”. In addition to operational synergy, we can expect immeasurable synergy affection from synthesising different culture and climate of us.
“Under commonly aimed aspiration, we are confident with building strong and resilient team to empathizing with each other and contributing to society. As a new commercial vehicle company rooted in Japan, we collaboratively create ever better future.”
