Toyota Motor (7203) Collaboration summary

Opening remarks and agenda

• The event marked the official announcement of the integration of Mitsubishi Fuso and Hino Motors, with participation from Daimler Truck and Toyota Motor Corporation, aiming to establish a new Japanese truck powerhouse.

• The new listed holding company is planned to start operations in April 2026, pending necessary approvals.

Objectives of the partnership

• The integration aims to combine Mitsubishi Fuso and Hino on equal footing to co-develop commercial vehicles, collaborate on procurement and production, and accelerate CASE (Connected, Autonomous, Shared, Electric) technologies.

• The partnership seeks to address industry challenges such as decarbonization, driver shortages, increased competition, and logistics efficiency, while ensuring long-term sustainability and growth.

• The collaboration aims to enhance competitiveness and strengthen the automotive industry in Japan and Asia.

Partner introductions and roles

• Daimler Truck and Toyota will each own 25% of the new holding company, which will own 100% of Mitsubishi Fuso and Hino.

• Karl Deppen, current CEO of Mitsubishi Fuso, will serve as CEO of the new holding company headquartered in Tokyo, which will be listed on the Tokyo Stock Exchange.

• Key leaders from all four companies participated, emphasizing their shared vision and complementary strengths.