Hino Motors to transfer Hamura plant to Toyota in ¥150 bn deal

Hino Motors, Ltd. announced on November 27, 2025, an agreement to transfer its Hamura Plant to Toyota Motor Hamura, Inc., a wholly-owned subsidiary established on August 21, 2025. This follows a share transfer agreement on June 10, 2025, where all shares of the new company will be transferred to Toyota Motor Corporation on April 1, 2026. The split will not alter Hino's capital or structure.

The Hamura Plant generated 148,151 million yen in net sales for the fiscal year ended March 31, 2025. As of September 30, 2025, it had assets totaling 49,184 million yen and liabilities of 9,566 million yen. Toyota Motor Hamura, Inc. will manufacture automobiles and automotive parts. The transfer price for the shares is 150 billion yen, with Hino Motors retaining 100% ownership until the transfer to Toyota.