ARCHION Corporation Listing Approved as Hino Motors and MFTBC Complete Business Integration

The ARCHION Corporation listing has been officially approved by the Tokyo Stock Exchange, marking a significant milestone in the business integration between Hino Motors and Mitsubishi Fuso Truck and Bus Corporation. Announced on March 2, the approval confirms that the newly established holding company will be listed on the Prime Market effective April 1. This development formalizes the strategic consolidation of the two commercial vehicle manufacturers under a unified corporate structure while preserving operational independence in key areas.

Approval of ARCHION Corporation Listing on Prime Market

The ARCHION Corporation listing will take effect on April 1 following approval from the Tokyo Stock Exchange. The Prime Market designation reflects compliance with the exchange’s highest listing standards, signaling corporate governance strength and financial stability. As part of this transition, Hino Motors is scheduled to be delisted from the exchange effective March 30, completing its shift into the new holding structure.

Head Office Location Confirmed in Tokyo

The headquarters of ARCHION will be located at Sumitomo Fudosan Osaki Garden Tower in Shinagawa Ward, Tokyo. Establishing the head-office functions in a central Tokyo business district reinforces the strategic positioning of the newly formed holding company and supports coordinated oversight of group operations.

Business Integration Structure and Operating Model

The ARCHION Corporation listing represents the structural outcome of the business integration between Hino Motors and Mitsubishi Fuso Truck and Bus Corporation. Under this framework, both companies will function as operating subsidiaries of ARCHION. Despite the unified ownership model, they will continue to maintain a certain competitive relationship in sales activities, ensuring market dynamism within the commercial vehicles segment.

Maintaining Competitive Sales Operations

While governance and strategic direction will be centralized under ARCHION, the two operating entities will retain autonomy in sales functions. This approach enables brand differentiation and competitive positioning while benefiting from shared corporate oversight and resource alignment.

Leadership Appointments Under ARCHION

The ARCHION Corporation listing also brings clarity to the leadership structure of the new holding entity. Karl Deppen, currently President and Chief Executive Officer of Mitsubishi Fuso Truck and Bus Corporation, will assume the role of Representative Director & CEO of ARCHION. Additionally, Hetal Laligi, Senior Vice President and Chief Financial Officer of Mitsubishi Fuso Truck and Bus Corporation, will serve as Representative Director & CFO of ARCHION.

Executive Continuity and Strategic Direction

The appointment of senior executives from Mitsubishi Fuso Truck and Bus Corporation ensures leadership continuity during the integration phase. Their experience within the commercial vehicles industry is expected to support strategic alignment, operational efficiency, and long-term growth under the ARCHION framework.

The ARCHION Corporation listing ultimately establishes a new corporate platform designed to strengthen governance, optimize integration synergies, and position the combined group for sustained competitiveness in the commercial vehicles sector.