Fuso and Hino unite under ARCHION on April 1, with Toyota and Daimler Truck each targeting a 25 per cent stake in the new holding company.
Japan’s Fair Trade Commission Greenlights Fuso-Hino Merger
Mitsubishi Fuso and Hino Motors have announced that their planned merger has cleared regulatory hurdles, with Japan’s Fair Trade Commission confirming on February 26, 2026, that it will not issue a cease and desist order against the business integration, subject to the implementation of remedial measures.
The decision clears the path for the two commercial vehicle makers to proceed with the merger under a new holding company, ARCHION Corporation, which is scheduled to commence operations on April 1. Hino Motors, Toyota (Hino Motors‘ parent company), Mitsubishi Fuso, and Daimler Truck AG (Mitsubishi Fuso‘s parent company) said they would continue preparations toward that date.
The integration agreement between Mitsubishi Fuso and Hino Motors was first signed on June 10, 2025. Under the arrangement, Toyota and Daimler Truck are aiming to hold a 25 per cent stake in ARCHION. The new holding company is targeting a listing on the Tokyo Stock Exchange Prime Market and is expected to hold 100 per cent of both Hino Motors and Mitsubishi Fuso shares.
ARCHION‘s designated CEO is Karl Deppen, who currently serves as President and CEO of Mitsubishi Fuso, while Hetal Laligi has been designated as Chief Financial Officer. Satoshi Ogiso, currently President and CEO of Hino Motors, will serve as Executive Director and Chief Technology Officer of ARCHION.
The new group has outlined plans to consolidate its five domestic truck production sites in Japan into three by the end of 2028. It has also identified zero-emission vehicle development and platform integration across its heavy-, medium-, and light-duty ranges as the main priorities.
