Hino Motors said it will hand over managerial control of six consolidated subsidiaries, following board approval on December 18, 2025. The company is selling 80% stakes in five entities to Taiwan’s HO TAI MOTOR — Higashi Hokkaido Hino Motors, Hokkaido Hino Motors, Miyagi Hino Motors, Fukushima Hino Motors, and Minami Kanto Hino Motors. In addition, 88.5% of Shizuoka Hino Motors will shift to Aichi Hino Motors.

The move is tied to competition risks as Hino plans a business integration with Mitsubishi Fuso Truck and Bus. An integration agreement among Hino, Mitsubishi Fuso, Toyota, and Daimler Truck was signed on June 10, 2025. Hino stresses that transferring control is intended to preserve a competitive landscape in the commercial segment, with manufacturers continuing to vie for sales after the tie-up. To industry eyes, this reads as a practical way to address those risks while keeping everyday rivalry alive on the sales front.

HO TAI MOTOR has sold Hino trucks in Taiwan for more than 70 years and manages the distributor network for Hino, Toyota, and Lexus; the company is listed on the Taiwan Stock Exchange. Aichi Hino Motors sells Hino vehicles in Aichi Prefecture under a dealer agreement. Hino expects a one-off gain from the stake sales in the reporting period beginning April 2026.