Hino Motors details integration with Mitsubishi Fuso, revises earnings forecast

Hino Motors, Toyota, Daimler Truck, and Mitsubishi Fuso Truck and Bus Corporation are progressing with their business integration, forming a new holding company, ARCHION Corporation. This integration, effective April 1, 2026, will involve a share exchange where ARCHION will be the parent company for both Hino and Mitsubishi Fuso. ARCHION will issue 845,069,664 common shares to Hino shareholders and 1,736,000,310 common shares to Mitsubishi Fuso shareholders.

ARCHION's proposed management includes Karl Deppen as chief executive and Hetal Laligi as chief financial officer, effective April 1, 2026. Hino also announced a change in its representative director, with Satoshi Ogiso transitioning to a director role at ARCHION, and Satyakam Arya appointed as the new representative director and president of Hino Motors, effective April 1, 2026.

Hino revised its consolidated full-year earnings forecast for the fiscal year ending March 31, 2026. While sales are projected to remain at JPY 1,500,000m, operating profit is revised upward to JPY 65,000m (from JPY 40,000m) and ordinary profit to JPY 60,000m (from JPY 35,000m), with net income attributable to shareholders of the parent company projected at JPY 40,000m (from JPY 20,000m). However, Hino will not be issuing an interim dividend.