What's Happening?
Hino Motors has announced the transfer of managerial control of six of its consolidated subsidiaries. This decision involves selling stakes to HO TAI MOTOR and Aichi Hino Motors, as approved by Hino's
board of directors on December 18, 2025. Specifically, Hino Motors will transfer 80% of shares in five subsidiaries to Taiwan-based HO TAI MOTOR, including Higashi Hokkaido Hino Motors, Hokkaido Hino Motors, Miyagi Hino Motors, Fukushima Hino Motors, and Minami Kanto Hino Motors. Additionally, 88.5% of Shizuoka Hino Motors will be transferred to Aichi Hino Motors. These transfers are part of a strategic move to address potential competition law concerns related to Hino Motors' planned business integration with Mitsubishi Fuso Truck and Bus Corporation. This integration involves Hino Motors, Mitsubishi Fuso, Toyota Motor Corporation, and Daimler Truck, following an agreement executed on June 10, 2025.
Why It's Important?
The transfer of control over these subsidiaries is significant as it aims to maintain a competitive commercial environment in the truck manufacturing industry. By addressing competition law concerns, Hino Motors ensures that the planned business integration with Mitsubishi Fuso does not lead to monopolistic practices, thereby preserving fair competition. This move is crucial for stakeholders, including consumers and other industry players, as it ensures continued competition in sales operations between the two truck manufacturers. Furthermore, the transfer is expected to generate extraordinary income for Hino Motors, potentially impacting its financial performance positively in the coming years.
What's Next?
Hino Motors anticipates recording extraordinary income from these share sales starting in or after April 2026. The company will likely focus on integrating its operations with Mitsubishi Fuso while maintaining competitive practices. Stakeholders, including HO TAI MOTOR and Aichi Hino Motors, will play a significant role in the distribution and sales of Hino vehicles in their respective regions. The industry will be watching closely to see how this integration impacts market dynamics and whether it leads to further consolidation or strategic partnerships within the automotive sector.
