Japanese commercial vehicle manufacturer Hino Motors will sell six domestic sales subsidiaries ahead of its merger with Mitsubishi Fuso Truck and Bus Corporation (MFTBC) to form Archion Corporation on 1 April 2026. Hino will transfer 80% of shares in five subsidiaries to Ho Tai Motor Company, retaining a 20% stake or less.

Ho Tai Motor Company, Hino’s Taiwanese distributor for over 70 years, will acquire the shares of the five subsidiaries. The company also distributes Toyota and Lexus vehicles in Taiwan, two of the country’s top automotive brands.

In a separate deal, Hino will transfer 88.5% of Shizuoka Hino Motors shares to Aichi Hino Motors Ltd, a dealer in Aichi Prefecture. Hino expects to record a one-time gain from the sale in the first quarter of fiscal year 2026, starting in April.

The sale of the six subsidiaries is part of Hino’s strategy to merge with MFTBC, aiming to strengthen product and service competitiveness. Hino will transfer managerial control of certain sales companies to partners with no capital relationship to address competition law concerns.

Read more at Yahoo Finance: Hino to sell six sales subsidiaries in Japan