Archion share sale reshapes ownership around Fuso and Hino

Toyota and Daimler Truck’s lower sales than Mitsubishi Fuso and Hino test how well Archion’s management can survive on itself; Archion Corporation, a holding company formed over Mitsubishi Fuso Truck and Bus Corporation and Hino Motors, Ltd., has approved a secondary offering of 787,855,700 shares of common stock. Toyota Motor Corporation and Daimler Truck AG will sell approximately 394 million shares each, reducing their stake from 41.4% to the targeted 25%. Both companies had committed under the original Hino-Mitsubishi Fuso integration agreement to achieve this 25% target within a specified period following the business combination. The offer, approved by Archion’s board of directors on 6 July 2026, delivers on this commitment and will increase the group’s tradable shareholding to over 35%; The minimum rate required to maintain listing on the Tokyo Stock Exchange Prime Market, where Archion debuts on April 1, 2026. Archion was formed to combine the commercial vehicle operations of Mitsubishi Fuso and Hino under a single holding structure, with Karl Deppen serving as President and Chief Executive Officer. The Group serves customers in approximately 170 countries through the combined production and sales networks of its subsidiaries. Equal participation of both selling shareholders preserves the ownership parity established during integration, limiting the risk of either parent exerting dominant influence. The company has positioned zero-emission technology and autonomous driving as the main areas of its strategic development; The fuel cell collaboration between Archion and its two major shareholders formed the central arm of this program.

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