# EDGAR Filing Document

**Accession Number:** 0002037949
**File Stem:** 0000947871-25-000948
**Filing Date:** 2025-11
**Character Count:** 58167
**Document Hash:** ceaf05ddcb5034ede21dd092f2772fa3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000947871-25-000948.hdr.sgml**: 20251105

**ACCESSION NUMBER**: 0000947871-25-000948

**CONFORMED SUBMISSION TYPE**: CB

**PUBLIC DOCUMENT COUNT**: 6

**FILED AS OF DATE**: 20251105

**DATE AS OF CHANGE**: 20251105

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Hino Motors, Ltd.
- **CENTRAL INDEX KEY:** 0002037949

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** M0
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** CB
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-95073
- **FILM NUMBER:** 251451626

**BUSINESS ADDRESS:**
- **STREET 1:** 3-1-1 HINO-DAI, HINO-SHI
- **CITY:** TOKYO
- **STATE:** M0
- **ZIP:** 191-8660
- **BUSINESS PHONE:** 81-42-586-5011

**MAIL ADDRESS:**
- **STREET 1:** 3-1-1 HINO-DAI, HINO-SHI
- **CITY:** TOKYO
- **STATE:** M0
- **ZIP:** 191-8660
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Mitsubishi Fuso Truck & Bus Corp
- **CENTRAL INDEX KEY:** 0002039570

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** CB

**BUSINESS ADDRESS:**
- **STREET 1:** 10 OHKURA-CHO, NAKAHARA-KU, KAWASAKI-SHI
- **CITY:** KANAGAWA
- **STATE:** M0
- **ZIP:** 211-8522
- **BUSINESS PHONE:** 81-070-4260-8000

**MAIL ADDRESS:**
- **STREET 1:** 10 OHKURA-CHO, NAKAHARA-KU, KAWASAKI-SHI
- **CITY:** KANAGAWA
- **STATE:** M0
- **ZIP:** 211-8522

**UNITED STATES<br> SECURITIES AND EXCHANGE COMMISSION<br> Washington, D.C. 20549** 

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FORM CB<br> TENDER OFFER/RIGHTS OFFERING NOTIFICATION FORM

Please place an X in the box(es) to designate the appropriate rule provision(s) relied upon to file this Form:

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| | |
|:---|:---|
| Securities Act Rule 801 (Rights Offering) | □ |
| Securities Act Rule 802 (Exchange Offer) | ⌧ |
| Exchange Act Rule 13e-4(h)(8) (Issuer Tender Offer) | □ |
| Exchange Act Rule 14d-1(c) (Third Party Tender Offer) | □ |
| Exchange Act Rule 14e-2(d) (Subject Company Response) | □ |

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| |
|:---|
| <br> **Hino Jidousha Kabushiki Kaisha**<br> **Mitsubishi Fuso Truck/Bus Kabushiki Kaisha**<br>|
| (Name of Subject Company)<br>|
| **Hino Motors, Ltd.** <br> **Mitsubishi Fuso Truck and Bus Corporation**<br>|
| (Translation of Subject Company's Name into English (if applicable)) |
| **Japan** |
| (Jurisdiction of Subject Company's Incorporation or Organization) |
| **Hino Motors, Ltd.** <br> **Mitsubishi Fuso Truck and Bus Corporation**<br>|
| (Name of Person(s) Furnishing Form) |
| **Common Stock** |
| (Title of Class of Subject Securities) |
| **N/A** |
| (CUSIP Number of Class of Securities (if applicable)) |
| <br> **Hino Motors, Ltd.** <br> **Attn: Takao Kemmochi**<br> **3-1-1, Hino-dai, Hino-shi, Tokyo 191-8660, Japan**<br> **+81-70-7485-2003**<br>**Mitsubishi Fuso Truck and Bus Corporation**<br> **Attn: Markward Schemitsch**<br> **10 Ohkura-cho, Nakahara-ku, Kawasaki-shi, Kanagawa, 211-8522 Japan**<br> **+81-70-4260-8000**<br>|
| (Name, Address (including zip code) and Telephone Number (including area code)<br> of Person(s) Authorized to Receive Notices and Communications on Behalf of Subject Company)<br>|
| **N/A** |
| (Date Tender Offer/Rights Offering Commenced) |

---

**PART I – INFORMATION SENT TO SECURITY HOLDERS**

**Item 1. Home Jurisdiction Documents** 

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| | |
|:---|:---|
| &nbsp;&nbsp;**Exhibit**<br> **<u>Number</u>** |  |
| &nbsp;&nbsp;99.1 | &nbsp;&nbsp; [(Disclosure Update) Notice Concerning Preparation of Share Delivery Plan and Management Structure of ARCHION Group, dated November 4, 2025 (English Translation).](ss5538169_ex9901.htm) |
| &nbsp;&nbsp;99.2 | &nbsp;&nbsp; [Notice Concerning Granting of Voting Rights to Shareholders who will Acquire Shares in Holding Company after Record Date Regarding Business Integration of Hino Motors, Ltd. and Mitsubishi Fuso Truck and Bus Corporation, dated November 4, 2025 (English Translation).](ss5538169_ex9902.htm) |
| &nbsp;&nbsp;99.3 | &nbsp;&nbsp;[Notice Concerning Change of Representative Directors, dated November 4, 2025 (English Translation).](ss5538169_ex9903.htm) |

---

**Item 2. Informational Legends**

The required legend is prominently included in the document(s) referred to in Item 1.

**PART II – INFORMATION NOT REQUIRED TO BE SENT TO SECURITY HOLDERS** 

N/A

**PART III – CONSENT TO SERVICE OF PROCESS**

Hino Motors, Ltd. submitted to the Securities and Exchange Commission a written irrevocable consent and power of attorney on Form F-X dated June 11, 2025.<br> Mitsubishi Fuso Truck and Bus Corporation submitted to the Securities and Exchange Commission a written irrevocable consent and power of attorney on Form F-X dated June 11, 2025.<br>

**SIGNATURES** 

After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

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| | |
|:---|:---|
|  | **Hino Motors, Ltd.**<br>/s/ Yasushi Nakano |
|  | Name: Yasushi Nakano |
|  | Title: Chief Financial Officer |
| Date: November 5, 2025 |  |

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**SIGNATURES** 

After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

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| | |
|:---|:---|
|  | **Mitsubishi Fuso Truck and Bus Corporation**<br>/s/ Hetal Laligi |
|  | Name: Hetal Laligi |
|  | Title: Senior Vice President and CFO |
| Date: November 5, 2025 |  |

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| | |
|:---|:---|
|  | **Mitsubishi Fuso Truck and Bus Corporation**<br>/s/ Markward Schemitsch |
|  | Name: Markward Schemitsch |
|  | Title: General Counsel |
| Date: November 5, 2025 |  |

---

## Exhibit 99.1

The business integration described in this press release involve securities of a Japanese company. The business integration is subject to disclosure requirements of Japan that are different from those of the United States. Financial information included in this document, if any, was excerpted from financial statements prepared in accordance with foreign accounting standards that may not be comparable to the financial statements of United States companies.<br>It may be difficult for you to enforce your rights and any claim you may have arising under the U.S. federal securities laws, since the issuer is located in Japan and some or all of its officers and directors reside outside of the United States. You may not be able to sue a Japanese company or its officers or directors in a Japanese court for violations of the U.S. securities laws. It may be difficult to compel a Japanese company and its affiliates to subject themselves to a U.S. court's judgment. You should be aware that the issuer may purchase securities otherwise than under the business integration, such as in the open market or through privately negotiated purchases.<br>This document has been translated from the Japanese-language original for reference purposes only. In the event of any conflict or discrepancy between this document and the Japanese-language original, the Japanese-language original shall prevail in all respects.<br>

![](image_001.jpg)

November 4, 2025

To Whom It May Concern

Company name: Hino Motors, Ltd.

Representative: Satoshi Ogiso, President & CEO,<br> Member of the Board of Directors,

(Code Number: 7205 TSE, Prime, NSE, Premier)

Contact Person: Makoto Iijima, General Manager, Corporate Communications Dept, Public Affairs Div.<br> Phone: (042)586-5494

**(Disclosure Update) Notice Concerning Preparation of Share Delivery Plan and** 

**Management Structure of ARCHION Group** 

Hino Motors, Ltd. (the "Company"), as stated in its press releases titled "Notice Concerning Execution of Business Integration Agreement Regarding Business Integration of Hino Motors, Ltd. and Mitsubishi Fuso Truck and Bus Corporation" dated June 10, 2025 (the "Press Release dated June 10, 2025"), entered into a business integration agreement with Mitsubishi Fuso Truck and Bus Corporation ("MFTBC"), Toyota Motor Corporation (the parent company of the Company), and Daimler Truck AG (the parent company of MFTBC) regarding the business integration (the "Business Integration") between the Company and MFTBC.

The Company hereby announces that the integrated holding company of the Company and MFTBC (name after the Business Integration: ARCHION Corporation) has determined to implement a share delivery in which (a) the holding company will become the parent company and (b) MFTBC will become the subsidiary of the holding company, and has prepared the share delivery plan as of today, as follows. Additionally, the Company hereby announces that the management structure for the ARCHION Group, scheduled to commence operations on April 1, 2026, has been provisionally determined today. For details regarding the management structures of the holding company, the Company and MFTBC, please also refer to today's announcement "ARCHION Announces Board and Executive Leadership Ahead of intended April 2026 Launch" (https://www.hino-global.com/corp/news/assets/0e88b4802943095734b13e774c377468.pdf).

The item numbers and defined terms are as specified in the Press Release dated June 10, 2025, and any newly determined or changed matters among the previously undetermined matters are underlined.

2. Summary of the Business Integration

&nbsp;&nbsp;&nbsp;&nbsp;(2) Schedule for the Business Integration

The schedule for the Business Integration shall be as below. Such schedule is based on current expectations and may change in the future depending on the progress of obtaining necessary clearances and regulatory approvals under competition and other laws and regulations in relation to the Business Integration, investigations by authorities or litigation and the like, surrounding the issues regarding the certification on gas emission and fuel efficiency of the Company's engines (the "Engine Issues"), the status of satisfaction of the conditions precedent in respect of the Business Integration, as provided for in the Business Integration Agreement (including the implementation of the Third-party Allotment and the withdrawal of the Company's business from certain sanctioned countries) or other reasons.

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| | |
|:---|:---|
| &nbsp;&nbsp;Execution of the MOU | &nbsp;&nbsp;May 30, 2023 |
| &nbsp;&nbsp;Resolution of a meeting of the Company's Board of Directors regarding the execution of the Business Integration Agreement | &nbsp;&nbsp;June 10, 2025 |
| &nbsp;&nbsp;Execution of the Business Integration Agreement | &nbsp;&nbsp;June 10, 2025 |
| &nbsp;&nbsp; Date of public announcement of the record date for the general meeting of shareholders of the Company to approve the share exchange agreement (the "Share Exchange Agreement") pertaining to the Share Exchange<br>| &nbsp;&nbsp;September 11, 2025 |
| &nbsp;&nbsp;Record date for the general meeting of shareholders of the Company to approve the Share Exchange Agreement | &nbsp;&nbsp;September 30, 2025 |
| &nbsp;&nbsp; Execution of the Share Exchange Agreement<br>| &nbsp;&nbsp;<u>October 20, 2025</u> |
| &nbsp;&nbsp;Preparation of the share delivery plan for the Share Delivery (the "Share Delivery Plan") | &nbsp;&nbsp;<u>Today</u> |
| &nbsp;&nbsp;General meeting of shareholders of the Company to approve the Share Exchange Agreement | &nbsp;&nbsp;November 28, 2025 (scheduled) |
| &nbsp;&nbsp;General meeting of shareholders of the Integrated Company to approve the Share Exchange Agreement | &nbsp;&nbsp;<u>Today</u> |
| &nbsp;&nbsp;General meeting of shareholders of the Integrated Company to approve the Share Delivery Plan | &nbsp;&nbsp;<u>Today</u> |
| &nbsp;&nbsp;Date of application for transfer of the shares of MFTBC in connection with the Share Delivery | &nbsp;&nbsp;<u>March 17, 2026 (scheduled)</u> |
| &nbsp;&nbsp;Effective date of the Business Integration (effective date of the Share Exchange and the Share Delivery) | &nbsp;&nbsp;April 1, 2026 (scheduled) |

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&nbsp;&nbsp;&nbsp;&nbsp;(7) Status of the Integrated Company after the Business Integration

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| | | | |
|:---|:---|:---|:---|
|  |  |  | &nbsp;&nbsp;Integrated Company |
| &nbsp;&nbsp;(a) | &nbsp;&nbsp;Name | &nbsp;&nbsp;Name | &nbsp;&nbsp;ARCHION Corporation |
| &nbsp;&nbsp;(b) | &nbsp;&nbsp;Address | &nbsp;&nbsp;Address | &nbsp;&nbsp;Shinagawa Ward, Tokyo |
| &nbsp;&nbsp;(c) | &nbsp;&nbsp;Name and Title of Representative | &nbsp;&nbsp;Name and Title of Representative | &nbsp;&nbsp; Karl Deppen, Representative Director & CEO<br> Hetal Laligi, Representative Director & CFO |
| &nbsp;&nbsp;(d) | &nbsp;&nbsp;Description of Business | &nbsp;&nbsp;Description of Business | &nbsp;&nbsp;Management control over the business of the Company and MFTBC after the Business Integration (planned) |
| &nbsp;&nbsp;(e) | &nbsp;&nbsp;Stated Capital | &nbsp;&nbsp;Stated Capital | &nbsp;&nbsp;The stated capital as of the Business Integration will be determined closer to the date of the Business Integration. |
| &nbsp;&nbsp;(f) | &nbsp;&nbsp;Fiscal Year End | &nbsp;&nbsp;Fiscal Year End | &nbsp;&nbsp;March 31 |
| &nbsp;&nbsp;(g) | &nbsp;&nbsp;Net Assets | &nbsp;&nbsp;Net Assets | &nbsp;&nbsp;Not determined at present. |
| &nbsp;&nbsp;(h) | &nbsp;&nbsp;(h) | &nbsp;&nbsp;Total Assets | &nbsp;&nbsp;Not determined at present. |
| &nbsp;&nbsp;(i) | &nbsp;&nbsp;(i) | &nbsp;&nbsp;Governance Structure | &nbsp;&nbsp;The Integrated Company will be a company with an audit and supervisory committee and in addition to directors and a general meeting of shareholders, will have a board of directors, an audit and supervisory committee, and an accounting auditor. In addition, the Integrated Company will also establish a board of executive officers, a voluntary nomination committee, and a voluntary compensation committee, etc. |
| &nbsp;&nbsp;(j) | &nbsp;&nbsp;(j) | &nbsp;&nbsp;Board of directors at the time of the Business Integration | &nbsp;&nbsp; The board of directors of the Integrated Company at the time of the Business Integration shall consist of one (1) director nominated by Daimler Truck (who will also serve as an audit and supervisory committee member), one (1) executive director nominated by the Company, one (1) executive director nominated by MFTBC, and one (1) executive director to be determined by mutual agreement among the four companies, four (4) independent outside directors (three (3) of whom will also serve as audit and supervisory committee members), and one (1) director (who will also serve as an audit and supervisory committee member), totaling nine (9) members.<br> <u>This composition reflects a strong commitment to transparent, high-integrity governance and is strategically designed to harness synergies across the four-company collaboration—driving sustainable growth and long-term value creation for the entire group. For the independent outside directors, individuals possessing extensive corporate management experience and specialized expertise in governance/legal, finance, and accounting have been selected. They will provide effective oversight, guide the broad strategic direction of corporate management, and support appropriate risk-management.</u><br> The directors scheduled for appointment are as follows:<br> Karl Deppen, Representative Director & <u>Chief Executive Officer (CEO)</u><br> Hetal Laligi, Representative Director & <u>Chief Financial Officer (CFO)</u><br> Satoshi Ogiso, Director & <u>Chief Technology Officer (CTO)</u><br> Kiyotaka Ise, Non-Executive Director<br> Christian Herrmann, Non-Executive Director<br> <u>Kazushi Ambe, Independent Outside Director</u><br> <u>Akihiro Eto, Independent Outside Director</u><br> <u>Shoko Kimijima, Independent Outside Director</u><br> Izumi Kobayashi, Independent Outside Director<br>|

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<u>(k)</u> <u>Executive structure at the time of the Business Integration (CxO)</u> <u>For the executive structure, individuals with deep industry experience, insight and proven track records, capable of maximizing the strengths of both companies, have been appointed as Chief Officers (CxO). They will establish strategic frameworks within each function and drive execution as a group. Each will play a significant role in contributing to the aspiration and success of the new group structure, as well as in building the culture necessary for the success of the ARCHION Group.</u> <u>The CxOs scheduled for appointment are as follows:</u> <u>Karl Deppen, Chief Executive Officer (CEO)</u> <u>Hetal Laligi, Chief Financial Officer (CFO)</u> <u>Satoshi Ogiso, Chief Technology Officer (CTO)</u> <u>Manabu Koshimizu, Chief Administrative Officer (CAdO)</u> <u>Leina Kawachi, Chief Human Resource Officer (CHRO)</u> <u>Norio Yoshida, Chief Compliance & Legal Officer (CCLO)</u> <u>Kyotaro Hagiwara, Chief Digital Officer (CDO)</u> Norio Yoshida, In charge of Internal Audit

(<u>l</u>) Right to appoint directors, etc., after the Business Integration After the Business Integration, as long as Daimler Truck
 holds 10% or more of the voting rights of the Integrated Company, Daimler Truck shall have the right to nominate one (1) director (who
 shall also serve as an audit and supervisory committee member and a nomination committee member at the least) of the Integrated Company. After the Business Integration, as long as Toyota
 holds 10% or more of the voting rights of the Integrated Company, the Integrated Company or Daimler Truck may, at any time, request Toyota
 to recommend or introduce one (1) candidate who is an audit and supervisory committee member for director (a "Toyota Background
 Candidate"). The Integrated Company may, at its discretion, appoint a Toyota Background Candidate as a director of the Integrated
 Company. After the Business Integration, as long as Daimler
 Truck holds 10% or more of the voting rights of the Integrated Company, the Integrated Company shall ensure that the number of independent
 outside directors shall not fall below the total number of executive directors and directors appointed by Daimler Truck and the Toyota
 Background Candidate by two (2) or more, unless the four companies separately agree otherwise.

(<u>m</u>) Lock-up and right of first refusal In principle, Toyota and Daimler Truck may not transfer their shares of the Integrated Company (excluding the Shareholding Ratio Adjustment Transaction, etc. Toyota and Daimler Truck will each hold a 25% stake of the total issued shares of the Integrated Company after the Shareholding Ratio Adjustment Transaction.) for a 60-month period from the effective date of the Business Integration (the "Lock-up Period"), and have agreed that they may transfer their shares of the Integrated Company after the Lock-up Period has lapsed. On the other hand, Toyota and Daimler Truck have agreed in principle to grant each other a right of first refusal with respect to the transfer of the shares.

Other details of the Integrated Company and other statuses after the Business Integration will be determined through discussions between the four companies, the Company, MFTBC, Toyota and Daimler Truck.

3. Share Exchange

&nbsp;&nbsp;&nbsp;&nbsp;(7) Outline of the Parties to the Share Exchange

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| | | | | |
|:---|:---|:---|:---|:---|
|  |  | &nbsp;&nbsp; Wholly-owning parent company<br> resulting from the Share Exchange<br> (the Integrated Company) | &nbsp;&nbsp; Wholly-owned subsidiary<br> resulting from the Share Exchange<br> (the Company) | &nbsp;&nbsp; Wholly-owned subsidiary<br> resulting from the Share Exchange<br> (the Company) |
| &nbsp;&nbsp;(a) | &nbsp;&nbsp;Name | &nbsp;&nbsp;ARCHION Corporation (as of the date the Business Integration) | &nbsp;&nbsp;Hino Motors, Ltd. | &nbsp;&nbsp;Hino Motors, Ltd. |
| &nbsp;&nbsp;(b) | &nbsp;&nbsp;Address | &nbsp;&nbsp;Shinagawa Ward, Tokyo (as of the date of the Business Integration) | &nbsp;&nbsp;1-1 Hinodai 3-chome, Hino-shi, Tokyo | &nbsp;&nbsp;1-1 Hinodai 3-chome, Hino-shi, Tokyo |
| &nbsp;&nbsp;(c) | &nbsp;&nbsp;Name and Title of Representative | &nbsp;&nbsp; Karl Deppen, Representative Director & CEO<br> Hetal Laligi, Representative Director & CFO<br> (as of the date of the Business Integration) | &nbsp;&nbsp;Satoshi Ogiso, President & CEO, Member of the Board of Directors | &nbsp;&nbsp;Satoshi Ogiso, President & CEO, Member of the Board of Directors |
| &nbsp;&nbsp;(d) | &nbsp;&nbsp;Description of Business | &nbsp;&nbsp;Management control over the business of the Company and MFTBC after the Business Integration (planned) | &nbsp;&nbsp;Manufacture of trucks and buses, light commercial vehicles and passenger vehicles (consigned vehicles from Toyota), engines and spare parts, etc. | &nbsp;&nbsp;Manufacture of trucks and buses, light commercial vehicles and passenger vehicles (consigned vehicles from Toyota), engines and spare parts, etc. |
| &nbsp;&nbsp;(e) | &nbsp;&nbsp;Stated Capital | &nbsp;&nbsp;The stated capital as of the Business Integration will be determined closer to the date of the Business Integration. | &nbsp;&nbsp; 72,717 million yen<br> (as of March 31, 2025) | &nbsp;&nbsp; 72,717 million yen<br> (as of March 31, 2025) |
| &nbsp;&nbsp;(f) | &nbsp;&nbsp;Date of Incorporation | &nbsp;&nbsp;A preparatory company for the Business Integration has been established as of June 2, 2025. | &nbsp;&nbsp;May 1, 1942 | &nbsp;&nbsp;May 1, 1942 |
| &nbsp;&nbsp;(g) | &nbsp;&nbsp;Number of Issued Shares | &nbsp;&nbsp;The number of issued shares as of the Business Integration is undetermined. | &nbsp;&nbsp; 574,580,850 shares<br> (as of March 31, 2025) | &nbsp;&nbsp; 574,580,850 shares<br> (as of March 31, 2025) |
| &nbsp;&nbsp;(h) | &nbsp;&nbsp;Fiscal Year End | &nbsp;&nbsp;March 31 | &nbsp;&nbsp;March 31 | &nbsp;&nbsp;March 31 |
| &nbsp;&nbsp;(i) | &nbsp;&nbsp;Number of Employees | &nbsp;&nbsp;The number of employees as of the Business Integration is undetermined. | &nbsp;&nbsp; (On a consolidated basis) 33,608<br> (as of March 31, 2025) | &nbsp;&nbsp; (On a consolidated basis) 33,608<br> (as of March 31, 2025) |
| &nbsp;&nbsp;(j) | &nbsp;&nbsp;Major Trading Partner(s) | &nbsp;&nbsp;- | &nbsp;&nbsp;The Company has many customers inside and outside Japan. | &nbsp;&nbsp;The Company has many customers inside and outside Japan. |
| &nbsp;&nbsp;(k) | &nbsp;&nbsp;Main Bank(s) | &nbsp;&nbsp;- | &nbsp;&nbsp; Sumitomo Mitsui Banking Corporation<br> Mizuho Bank, Ltd.<br> MUFG Bank, Ltd. | &nbsp;&nbsp; Sumitomo Mitsui Banking Corporation<br> Mizuho Bank, Ltd.<br> MUFG Bank, Ltd. |
| &nbsp;&nbsp;(l) | &nbsp;&nbsp; Major Shareholders and Shareholding Ratios (Note 1)<br> (the Company: as of March 31, 2025) | &nbsp;&nbsp;100.00% | &nbsp;&nbsp;Toyota Motor Corporation | &nbsp;&nbsp;50.14% |
| &nbsp;&nbsp;(l) | &nbsp;&nbsp; Major Shareholders and Shareholding Ratios (Note 1)<br> (the Company: as of March 31, 2025) | &nbsp;&nbsp;100.00% | &nbsp;&nbsp;The Master Trust Bank of Japan, Ltd. | &nbsp;&nbsp;10.30% |
| &nbsp;&nbsp;(l) | &nbsp;&nbsp; Major Shareholders and Shareholding Ratios (Note 1)<br> (the Company: as of March 31, 2025) | &nbsp;&nbsp;100.00% | &nbsp;&nbsp;Custody Bank of Japan, Ltd. | &nbsp;&nbsp;3.27% |
| &nbsp;&nbsp;(l) | &nbsp;&nbsp; Major Shareholders and Shareholding Ratios (Note 1)<br> (the Company: as of March 31, 2025) | &nbsp;&nbsp;100.00% | &nbsp;&nbsp;STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Settlement & Clearing Services Department of Mizuho Bank, Ltd.) | &nbsp;&nbsp;1.69% |
| &nbsp;&nbsp;(l) | &nbsp;&nbsp; Major Shareholders and Shareholding Ratios (Note 1)<br> (the Company: as of March 31, 2025) | &nbsp;&nbsp;100.00% | &nbsp;&nbsp;HSBC BANK PLC A/C M AND G (ACS) VALUE PARTNERS CHINA EQUITY FUND (Standing Proxy: Custody Business Department of The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch) | &nbsp;&nbsp;1.37% |

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;(l) | &nbsp;&nbsp;Major Shareholders and Shareholding Ratios (Note 1)<br> (the Company: as of March 31, 2025) | &nbsp;&nbsp;The Company | &nbsp;&nbsp;100.00% |  |  |  |  |
| &nbsp;&nbsp;(l) | &nbsp;&nbsp;Major Shareholders and Shareholding Ratios (Note 1)<br> (the Company: as of March 31, 2025) | &nbsp;&nbsp;The Company | &nbsp;&nbsp;100.00% |  |  |  |  |
| &nbsp;&nbsp;(l) | &nbsp;&nbsp;Major Shareholders and Shareholding Ratios (Note 1)<br> (the Company: as of March 31, 2025) | &nbsp;&nbsp;The Company | &nbsp;&nbsp;100.00% |  |  |  |  |
| &nbsp;&nbsp;(l) | &nbsp;&nbsp;Major Shareholders and Shareholding Ratios (Note 1)<br> (the Company: as of March 31, 2025) | &nbsp;&nbsp;The Company | &nbsp;&nbsp;100.00% |  |  |  |  |
| &nbsp;&nbsp;(l) | &nbsp;&nbsp;Major Shareholders and Shareholding Ratios (Note 1)<br> (the Company: as of March 31, 2025) | &nbsp;&nbsp;The Company | &nbsp;&nbsp;100.00% |  |  |  |  |
| &nbsp;&nbsp;(l) | &nbsp;&nbsp;Major Shareholders and Shareholding Ratios (Note 1)<br> (the Company: as of March 31, 2025) | &nbsp;&nbsp;The Company | &nbsp;&nbsp;100.00% | &nbsp;&nbsp;STATE STREET BANK AND TRUST COMPANY 505223 (Standing Proxy: Settlement & Clearing Services Department of Mizuho Bank, Ltd.) | &nbsp;&nbsp;STATE STREET BANK AND TRUST COMPANY 505223 (Standing Proxy: Settlement & Clearing Services Department of Mizuho Bank, Ltd.) | &nbsp;&nbsp;STATE STREET BANK AND TRUST COMPANY 505223 (Standing Proxy: Settlement & Clearing Services Department of Mizuho Bank, Ltd.) | &nbsp;&nbsp;0.77% |
| &nbsp;&nbsp;(l) | &nbsp;&nbsp;Major Shareholders and Shareholding Ratios (Note 1)<br> (the Company: as of March 31, 2025) | &nbsp;&nbsp;The Company | &nbsp;&nbsp;100.00% | &nbsp;&nbsp;JP MORGAN CHASE BANK 385781 (Standing Proxy: Settlement & Clearing Services Department of Mizuho Bank, Ltd.) | &nbsp;&nbsp;JP MORGAN CHASE BANK 385781 (Standing Proxy: Settlement & Clearing Services Department of Mizuho Bank, Ltd.) | &nbsp;&nbsp;JP MORGAN CHASE BANK 385781 (Standing Proxy: Settlement & Clearing Services Department of Mizuho Bank, Ltd.) | &nbsp;&nbsp;0.67% |
| &nbsp;&nbsp;(l) | &nbsp;&nbsp;Major Shareholders and Shareholding Ratios (Note 1)<br> (the Company: as of March 31, 2025) | &nbsp;&nbsp;The Company | &nbsp;&nbsp;100.00% | &nbsp;&nbsp;STATE STREET BANK WEST CLIENT - TREATY 505234 (Standing Proxy: Settlement & Clearing Services Department of Mizuho Bank, Ltd.) | &nbsp;&nbsp;STATE STREET BANK WEST CLIENT - TREATY 505234 (Standing Proxy: Settlement & Clearing Services Department of Mizuho Bank, Ltd.) | &nbsp;&nbsp;STATE STREET BANK WEST CLIENT - TREATY 505234 (Standing Proxy: Settlement & Clearing Services Department of Mizuho Bank, Ltd.) | &nbsp;&nbsp;0.62% |
| &nbsp;&nbsp;(l) | &nbsp;&nbsp;Major Shareholders and Shareholding Ratios (Note 1)<br> (the Company: as of March 31, 2025) | &nbsp;&nbsp;The Company | &nbsp;&nbsp;100.00% | &nbsp;&nbsp;Hino Motors Employees' Stock Ownership Association | &nbsp;&nbsp;Hino Motors Employees' Stock Ownership Association | &nbsp;&nbsp;Hino Motors Employees' Stock Ownership Association | &nbsp;&nbsp;0.56% |
| &nbsp;&nbsp;(l) | &nbsp;&nbsp;Major Shareholders and Shareholding Ratios (Note 1)<br> (the Company: as of March 31, 2025) | &nbsp;&nbsp;The Company | &nbsp;&nbsp;100.00% | &nbsp;&nbsp;Tokio Marine & Nichido Fire Insurance Co., Ltd. | &nbsp;&nbsp;Tokio Marine & Nichido Fire Insurance Co., Ltd. | &nbsp;&nbsp;Tokio Marine & Nichido Fire Insurance Co., Ltd. | &nbsp;&nbsp;0.52% |
| &nbsp;&nbsp;(m) | &nbsp;&nbsp;Relationship between the Companies | &nbsp;&nbsp;Relationship between the Companies | &nbsp;&nbsp;Relationship between the Companies | &nbsp;&nbsp;Relationship between the Companies | &nbsp;&nbsp;Relationship between the Companies | &nbsp;&nbsp;Relationship between the Companies | &nbsp;&nbsp;Relationship between the Companies |
|  | &nbsp;&nbsp;Capital Relationship | &nbsp;&nbsp;The Company will hold all of the issued shares of the Integrated Company until the effective date of the Share Exchange. | &nbsp;&nbsp;The Company will hold all of the issued shares of the Integrated Company until the effective date of the Share Exchange. | &nbsp;&nbsp;The Company will hold all of the issued shares of the Integrated Company until the effective date of the Share Exchange. | &nbsp;&nbsp;The Company will hold all of the issued shares of the Integrated Company until the effective date of the Share Exchange. | &nbsp;&nbsp;The Company will hold all of the issued shares of the Integrated Company until the effective date of the Share Exchange. | &nbsp;&nbsp;The Company will hold all of the issued shares of the Integrated Company until the effective date of the Share Exchange. |
|  | &nbsp;&nbsp;Personal Relationship | &nbsp;&nbsp;<u>Upon the Business Integration, two (2) directors from the Company are scheduled to be appointed as directors of the Integrated Company. Additionally, the Company's officers are scheduled to be appointed as the Chief Officers (CxO) of the Integrated Company. Other personal relationship as of the Business Integration is undetermined.</u> | &nbsp;&nbsp;<u>Upon the Business Integration, two (2) directors from the Company are scheduled to be appointed as directors of the Integrated Company. Additionally, the Company's officers are scheduled to be appointed as the Chief Officers (CxO) of the Integrated Company. Other personal relationship as of the Business Integration is undetermined.</u> | &nbsp;&nbsp;<u>Upon the Business Integration, two (2) directors from the Company are scheduled to be appointed as directors of the Integrated Company. Additionally, the Company's officers are scheduled to be appointed as the Chief Officers (CxO) of the Integrated Company. Other personal relationship as of the Business Integration is undetermined.</u> | &nbsp;&nbsp;<u>Upon the Business Integration, two (2) directors from the Company are scheduled to be appointed as directors of the Integrated Company. Additionally, the Company's officers are scheduled to be appointed as the Chief Officers (CxO) of the Integrated Company. Other personal relationship as of the Business Integration is undetermined.</u> | &nbsp;&nbsp;<u>Upon the Business Integration, two (2) directors from the Company are scheduled to be appointed as directors of the Integrated Company. Additionally, the Company's officers are scheduled to be appointed as the Chief Officers (CxO) of the Integrated Company. Other personal relationship as of the Business Integration is undetermined.</u> | &nbsp;&nbsp;<u>Upon the Business Integration, two (2) directors from the Company are scheduled to be appointed as directors of the Integrated Company. Additionally, the Company's officers are scheduled to be appointed as the Chief Officers (CxO) of the Integrated Company. Other personal relationship as of the Business Integration is undetermined.</u> |
|  | &nbsp;&nbsp;Business Relationship | &nbsp;&nbsp;Not applicable | &nbsp;&nbsp;Not applicable | &nbsp;&nbsp;Not applicable | &nbsp;&nbsp;Not applicable | &nbsp;&nbsp;Not applicable | &nbsp;&nbsp;Not applicable |
|  | &nbsp;&nbsp;Status as Related Parties | &nbsp;&nbsp;The Company will remain the wholly-owning parent company of the Integrated Company until the effective date of the Share Exchange. | &nbsp;&nbsp;The Company will remain the wholly-owning parent company of the Integrated Company until the effective date of the Share Exchange. | &nbsp;&nbsp;The Company will remain the wholly-owning parent company of the Integrated Company until the effective date of the Share Exchange. | &nbsp;&nbsp;The Company will remain the wholly-owning parent company of the Integrated Company until the effective date of the Share Exchange. | &nbsp;&nbsp;The Company will remain the wholly-owning parent company of the Integrated Company until the effective date of the Share Exchange. | &nbsp;&nbsp;The Company will remain the wholly-owning parent company of the Integrated Company until the effective date of the Share Exchange. |
| &nbsp;&nbsp;(n) | &nbsp;&nbsp;Results of Operations and Financial Condition for the Last 3 Years (in million yen, unless otherwise specifically indicated) | &nbsp;&nbsp;Results of Operations and Financial Condition for the Last 3 Years (in million yen, unless otherwise specifically indicated) | &nbsp;&nbsp;Results of Operations and Financial Condition for the Last 3 Years (in million yen, unless otherwise specifically indicated) | &nbsp;&nbsp;Results of Operations and Financial Condition for the Last 3 Years (in million yen, unless otherwise specifically indicated) | &nbsp;&nbsp;Results of Operations and Financial Condition for the Last 3 Years (in million yen, unless otherwise specifically indicated) | &nbsp;&nbsp;Results of Operations and Financial Condition for the Last 3 Years (in million yen, unless otherwise specifically indicated) | &nbsp;&nbsp;Results of Operations and Financial Condition for the Last 3 Years (in million yen, unless otherwise specifically indicated) |
| &nbsp;&nbsp;Fiscal Years | &nbsp;&nbsp;Fiscal Years | &nbsp;&nbsp;Integrated Company | &nbsp;&nbsp;Integrated Company | &nbsp;&nbsp; Company (consolidated)<br> (J-GAAP) | &nbsp;&nbsp; Company (consolidated)<br> (J-GAAP) | &nbsp;&nbsp; Company (consolidated)<br> (J-GAAP) | &nbsp;&nbsp; Company (consolidated)<br> (J-GAAP) |
| &nbsp;&nbsp;Fiscal Years | &nbsp;&nbsp;Fiscal Years | &nbsp;&nbsp;- | &nbsp;&nbsp;- | &nbsp;&nbsp;Fiscal Year Ended March 31, 2023 | &nbsp;&nbsp;Fiscal Year Ended March 31, 2024 | &nbsp;&nbsp;Fiscal Year Ended March 31, 2025 | &nbsp;&nbsp;Fiscal Year Ended March 31, 2025 |
| &nbsp;&nbsp;Net Assets | &nbsp;&nbsp;Net Assets | &nbsp;&nbsp;- | &nbsp;&nbsp;- | &nbsp;&nbsp;433409 | &nbsp;&nbsp;463420 | &nbsp;&nbsp;251020 | &nbsp;&nbsp;251020 |
| &nbsp;&nbsp;Total Assets | &nbsp;&nbsp;Total Assets | &nbsp;&nbsp;- | &nbsp;&nbsp;- | &nbsp;&nbsp;1361735 | &nbsp;&nbsp;1464375 | &nbsp;&nbsp;1478180 | &nbsp;&nbsp;1478180 |
| &nbsp;&nbsp; Net Assets per Share<br> (in yen) | &nbsp;&nbsp; Net Assets per Share<br> (in yen) | &nbsp;&nbsp;- | &nbsp;&nbsp;- | &nbsp;&nbsp;640.94 | &nbsp;&nbsp;682.98 | &nbsp;&nbsp;310.90 | &nbsp;&nbsp;310.90 |
| &nbsp;&nbsp;Net Sales | &nbsp;&nbsp;Net Sales | &nbsp;&nbsp;- | &nbsp;&nbsp;- | &nbsp;&nbsp;1507336 | &nbsp;&nbsp;1516255 | &nbsp;&nbsp;1697229 | &nbsp;&nbsp;1697229 |
| &nbsp;&nbsp;Operating Income | &nbsp;&nbsp;Operating Income | &nbsp;&nbsp;- | &nbsp;&nbsp;- | &nbsp;&nbsp;17406 | &nbsp;&nbsp;-8103 | &nbsp;&nbsp;57490 | &nbsp;&nbsp;57490 |
| &nbsp;&nbsp;Ordinary Income | &nbsp;&nbsp;Ordinary Income | &nbsp;&nbsp;- | &nbsp;&nbsp;- | &nbsp;&nbsp;15787 | &nbsp;&nbsp;-9233 | &nbsp;&nbsp;39310 | &nbsp;&nbsp;39310 |
| &nbsp;&nbsp;Profit Attributable to Owners of Parent | &nbsp;&nbsp;Profit Attributable to Owners of Parent | &nbsp;&nbsp;- | &nbsp;&nbsp;- | &nbsp;&nbsp;-117664 | &nbsp;&nbsp;17087 | &nbsp;&nbsp;-217753 | &nbsp;&nbsp;-217753 |
| &nbsp;&nbsp; Profit per Share<br> (in yen) | &nbsp;&nbsp; Profit per Share<br> (in yen) | &nbsp;&nbsp;- | &nbsp;&nbsp;- | &nbsp;&nbsp;-204.98 | &nbsp;&nbsp;29.77 | &nbsp;&nbsp;-379.34 | &nbsp;&nbsp;-379.34 |
| &nbsp;&nbsp; Dividends per share<br> (in yen) | &nbsp;&nbsp; Dividends per share<br> (in yen) | &nbsp;&nbsp;- | &nbsp;&nbsp;- | &nbsp;&nbsp;0.00 | &nbsp;&nbsp;0.00 | &nbsp;&nbsp;0.00 | &nbsp;&nbsp;0.00 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Note) The shareholding ratios are calculated based on the total number of issued shares excluding treasury shares.

4. Share Delivery

&nbsp;&nbsp;&nbsp;&nbsp;(7) Outline of the Parties to the Share Delivery

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | &nbsp;&nbsp; Parent company<br> resulting from the Share Delivery<br> (the Integrated Company) | &nbsp;&nbsp; Subsidiary<br> resulting from the Share Delivery<br> (MFTBC) | &nbsp;&nbsp; Subsidiary<br> resulting from the Share Delivery<br> (MFTBC) |
| &nbsp;&nbsp;(a) | &nbsp;&nbsp;Name | &nbsp;&nbsp;ARCHION Corporation (as of the date of the Business Integration) | &nbsp;&nbsp;Mitsubishi Fuso Truck and Bus Corporation | &nbsp;&nbsp;Mitsubishi Fuso Truck and Bus Corporation |
| &nbsp;&nbsp;(b) | &nbsp;&nbsp;Address | &nbsp;&nbsp;Shinagawa Ward, Tokyo (as of the date of the Business Integration) | &nbsp;&nbsp;10 Ohkura-cho, Nakahara-ku, Kawasaki-shi, Kanagawa | &nbsp;&nbsp;10 Ohkura-cho, Nakahara-ku, Kawasaki-shi, Kanagawa |
| &nbsp;&nbsp;(c) | &nbsp;&nbsp;Name and Title of Representative | &nbsp;&nbsp; Karl Deppen, Representative Director & CEO<br> Hetal Laligi, Representative Director & CFO<br> (as of the date of the Business Integration) | &nbsp;&nbsp;Karl Deppen, President & CEO | &nbsp;&nbsp;Karl Deppen, President & CEO |
| &nbsp;&nbsp;(d) | &nbsp;&nbsp;Description of Business | &nbsp;&nbsp;Management control over the business of the Company and MFTBC after the Business Integration (planned) | &nbsp;&nbsp;Development, design, manufacture, sale and purchase, import and export, and other trade business of trucks, buses, industry engines, etc. | &nbsp;&nbsp;Development, design, manufacture, sale and purchase, import and export, and other trade business of trucks, buses, industry engines, etc. |
| &nbsp;&nbsp;(e) | &nbsp;&nbsp;Stated Capital | &nbsp;&nbsp;The stated capital as of the Business Integration will be determined closer to the date of the Business Integration. | &nbsp;&nbsp; 35,000 million yen<br> (as of December 31, 2024) | &nbsp;&nbsp; 35,000 million yen<br> (as of December 31, 2024) |
| &nbsp;&nbsp;(f) | &nbsp;&nbsp;Date of Incorporation | &nbsp;&nbsp;A preparatory company for the Business Integration has been established as of June 2, 2025. | &nbsp;&nbsp;January 6, 2003 | &nbsp;&nbsp;January 6, 2003 |
| &nbsp;&nbsp;(g) | &nbsp;&nbsp;Number of Issued Shares | &nbsp;&nbsp;The number of issued shares as of the Business Integration is undetermined. | &nbsp;&nbsp; 5,600,001 shares<br> (as of December 31, 2024) | &nbsp;&nbsp; 5,600,001 shares<br> (as of December 31, 2024) |
| &nbsp;&nbsp;(h) | &nbsp;&nbsp;Fiscal Year End | &nbsp;&nbsp;March 31 | &nbsp;&nbsp;December 31 | &nbsp;&nbsp;December 31 |
| &nbsp;&nbsp;(i) | &nbsp;&nbsp;Number of Employees | &nbsp;&nbsp;The number of employees as of the Business Integration is undetermined. | &nbsp;&nbsp; approximately 13,000 on consolidated basis;<br> (as of December 31, 2024) | &nbsp;&nbsp; approximately 13,000 on consolidated basis;<br> (as of December 31, 2024) |
| &nbsp;&nbsp;(j) | &nbsp;&nbsp;Major Trading Partner(s) | &nbsp;&nbsp;- | &nbsp;&nbsp;- | &nbsp;&nbsp;- |
| &nbsp;&nbsp;(k) | &nbsp;&nbsp;Main Bank(s) | &nbsp;&nbsp;- | &nbsp;&nbsp;- | &nbsp;&nbsp;- |
| &nbsp;&nbsp;(l) | &nbsp;&nbsp; Major Shareholders and Shareholding Ratios (Note 1)<br> (MFTBC: as of December 31, 2024) | &nbsp;&nbsp;100.00% | &nbsp;&nbsp;Daimler Truck AG | &nbsp;&nbsp;89.29% |
| &nbsp;&nbsp;(l) | &nbsp;&nbsp; Major Shareholders and Shareholding Ratios (Note 1)<br> (MFTBC: as of December 31, 2024) | &nbsp;&nbsp;100.00% | &nbsp;&nbsp;MUFG Bank, Ltd. | &nbsp;&nbsp;2.38% |
| &nbsp;&nbsp;(l) | &nbsp;&nbsp; Major Shareholders and Shareholding Ratios (Note 1)<br> (MFTBC: as of December 31, 2024) | &nbsp;&nbsp;100.00% | &nbsp;&nbsp;Mitsubishi Heavy Industries, Ltd. | &nbsp;&nbsp;2.38% |
| &nbsp;&nbsp;(l) | &nbsp;&nbsp; Major Shareholders and Shareholding Ratios (Note 1)<br> (MFTBC: as of December 31, 2024) | &nbsp;&nbsp;100.00% | &nbsp;&nbsp;Mitsubishi Corporation | &nbsp;&nbsp;2.38% |
| &nbsp;&nbsp;(l) | &nbsp;&nbsp; Major Shareholders and Shareholding Ratios (Note 1)<br> (MFTBC: as of December 31, 2024) | &nbsp;&nbsp;100.00% | &nbsp;&nbsp;Tokio Marine & Nichido Fire Insurance Co., Ltd. | &nbsp;&nbsp;0.71% |
| &nbsp;&nbsp;(l) | &nbsp;&nbsp; Major Shareholders and Shareholding Ratios (Note 1)<br> (MFTBC: as of December 31, 2024) | &nbsp;&nbsp;100.00% | &nbsp;&nbsp;Mitsubishi UFJ Trust and Banking Corporation | &nbsp;&nbsp;0.71% |
| &nbsp;&nbsp;(l) | &nbsp;&nbsp; Major Shareholders and Shareholding Ratios (Note 1)<br> (MFTBC: as of December 31, 2024) | &nbsp;&nbsp;100.00% | &nbsp;&nbsp;Meiji Yasuda Life Insurance Company | &nbsp;&nbsp;0.71% |
| &nbsp;&nbsp;(l) | &nbsp;&nbsp; Major Shareholders and Shareholding Ratios (Note 1)<br> (MFTBC: as of December 31, 2024) | &nbsp;&nbsp;100.00% | &nbsp;&nbsp;AGC Inc. | &nbsp;&nbsp;0.36% |
| &nbsp;&nbsp;(l) | &nbsp;&nbsp; Major Shareholders and Shareholding Ratios (Note 1)<br> (MFTBC: as of December 31, 2024) | &nbsp;&nbsp;100.00% | &nbsp;&nbsp;Nippon Yusen Kaisha | &nbsp;&nbsp;0.36% |
| &nbsp;&nbsp;(l) | &nbsp;&nbsp; Major Shareholders and Shareholding Ratios (Note 1)<br> (MFTBC: as of December 31, 2024) | &nbsp;&nbsp;100.00% | &nbsp;&nbsp;Mitsubishi Electric Corporation | &nbsp;&nbsp;0.36% |
| &nbsp;&nbsp;(l) | &nbsp;&nbsp; Major Shareholders and Shareholding Ratios (Note 1)<br> (MFTBC: as of December 31, 2024) | &nbsp;&nbsp;100.00% | &nbsp;&nbsp;Mitsubishi Materials Corporation | &nbsp;&nbsp;0.36% |
| &nbsp;&nbsp;(m) | &nbsp;&nbsp;Relationship between the Companies | &nbsp;&nbsp;Relationship between the Companies | &nbsp;&nbsp;Relationship between the Companies | &nbsp;&nbsp;Relationship between the Companies |
|  | &nbsp;&nbsp;Capital Relationship | &nbsp;&nbsp;Not applicable | &nbsp;&nbsp;Not applicable | &nbsp;&nbsp;Not applicable |
|  | &nbsp;&nbsp;Personal Relationship | &nbsp;&nbsp;<u>Upon the Business Integration, two (2) directors from MFTBC are scheduled to be appointed as directors of the Integrated Company. Additionally, the MFTBC's officers are scheduled to be appointed as the Chief Officers (CxO) of the Integrated Company. Other personal relationship as of the Business Integration is undetermined.</u> | &nbsp;&nbsp;<u>Upon the Business Integration, two (2) directors from MFTBC are scheduled to be appointed as directors of the Integrated Company. Additionally, the MFTBC's officers are scheduled to be appointed as the Chief Officers (CxO) of the Integrated Company. Other personal relationship as of the Business Integration is undetermined.</u> | &nbsp;&nbsp;<u>Upon the Business Integration, two (2) directors from MFTBC are scheduled to be appointed as directors of the Integrated Company. Additionally, the MFTBC's officers are scheduled to be appointed as the Chief Officers (CxO) of the Integrated Company. Other personal relationship as of the Business Integration is undetermined.</u> |
|  | &nbsp;&nbsp;Business Relationship | &nbsp;&nbsp;Not applicable | &nbsp;&nbsp;Not applicable | &nbsp;&nbsp;Not applicable |
|  | &nbsp;&nbsp;Status as Related Parties | &nbsp;&nbsp;Not applicable | &nbsp;&nbsp;Not applicable | &nbsp;&nbsp;Not applicable |
| &nbsp;&nbsp;(n) | &nbsp;&nbsp;Results of Operations and Financial Condition for the Last 3 Years (in million yen, unless otherwise specifically indicated) | &nbsp;&nbsp;Results of Operations and Financial Condition for the Last 3 Years (in million yen, unless otherwise specifically indicated) | &nbsp;&nbsp;Results of Operations and Financial Condition for the Last 3 Years (in million yen, unless otherwise specifically indicated) | &nbsp;&nbsp;Results of Operations and Financial Condition for the Last 3 Years (in million yen, unless otherwise specifically indicated) |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;Fiscal Years | &nbsp;&nbsp;Integrated Company | &nbsp;&nbsp;MFTBC (non-consolidated)(JGAAP) (Note2) | &nbsp;&nbsp;MFTBC (non-consolidated)(JGAAP) (Note2) | &nbsp;&nbsp;MFTBC (non-consolidated)(JGAAP) (Note2) |
| &nbsp;&nbsp;Fiscal Years | &nbsp;&nbsp;- | &nbsp;&nbsp;Fiscal Year Ended December 31, 2022 | &nbsp;&nbsp;Fiscal Year Ended December 31, 2023 | &nbsp;&nbsp;Fiscal Year Ended December 31, 2024 |
| &nbsp;&nbsp;Net Assets | &nbsp;&nbsp;- | &nbsp;&nbsp;243886 | &nbsp;&nbsp;258978 | &nbsp;&nbsp;257241 |
| &nbsp;&nbsp;Total Assets | &nbsp;&nbsp;- | &nbsp;&nbsp;504895 | &nbsp;&nbsp;579094 | &nbsp;&nbsp;558922 |
| &nbsp;&nbsp; Net Assets per Share<br> (in yen) | &nbsp;&nbsp;- | &nbsp;&nbsp;43551.13 | &nbsp;&nbsp;46246.23 | &nbsp;&nbsp;45936.05 |
| &nbsp;&nbsp;Net Sales | &nbsp;&nbsp;- | &nbsp;&nbsp;699316 | &nbsp;&nbsp;832928 | &nbsp;&nbsp;794652 |
| &nbsp;&nbsp;Operating Income | &nbsp;&nbsp;- | &nbsp;&nbsp;17192 | &nbsp;&nbsp;36526 | &nbsp;&nbsp;35386 |
| &nbsp;&nbsp;Ordinary Income | &nbsp;&nbsp;- | &nbsp;&nbsp;21028 | &nbsp;&nbsp;39994 | &nbsp;&nbsp;36632 |
| &nbsp;&nbsp;Profit Attributable to Owners of Parent | &nbsp;&nbsp;- | &nbsp;&nbsp;16012 | &nbsp;&nbsp;29931 | &nbsp;&nbsp;28538 |
| &nbsp;&nbsp; Profit per Share<br> (in yen) | &nbsp;&nbsp;- | &nbsp;&nbsp;2859.43 | &nbsp;&nbsp;5344.88 | &nbsp;&nbsp;5096.12 |
| &nbsp;&nbsp; Dividends per share<br> (in yen) | - | &nbsp;&nbsp;Note 3 | &nbsp;&nbsp;Note 3 | &nbsp;&nbsp;Note 3 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Note) 1. The shareholding ratios are calculated based on the total number of issued shares excluding treasury
shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. MFTBC's results of operations and financial conditions set forth herein are those of MFTBC on an
individual basis. Since the scope of the Business Integration is not limited to MFTBC on an individual basis, such results of operations
and financial conditions do not fully present the results of operations and financial conditions of the business of MFTBC that will be
subject to the Business Integration.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. As MFTBC is a private company, its "Dividends per Share" are not disclosed at its request.

End

## Exhibit 99.2

The business integration described in this press release involve securities of a Japanese company. The business integration is subject to disclosure requirements of Japan that are different from those of the United States. Financial information included in this document, if any, was excerpted from financial statements prepared in accordance with foreign accounting standards that may not be comparable to the financial statements of United States companies.<br>It may be difficult for you to enforce your rights and any claim you may have arising under the U.S. federal securities laws, since the issuer is located in Japan and some or all of its officers and directors reside outside of the United States. You may not be able to sue a Japanese company or its officers or directors in a Japanese court for violations of the U.S. securities laws. It may be difficult to compel a Japanese company and its affiliates to subject themselves to a U.S. court's judgment. You should be aware that the issuer may purchase securities otherwise than under the business integration, such as in the open market or through privately negotiated purchases.<br>This document has been translated from the Japanese-language original for reference purposes only. In the event of any conflict or discrepancy between this document and the Japanese-language original, the Japanese-language original shall prevail in all respects.<br>

![](image_001.jpg)

November 4, 2025

To Whom It May Concern

Company name: Hino Motors, Ltd.

Representative: Satoshi Ogiso, President & CEO,<br> Member of the Board of Directors,

(Code Number: 7205 TSE, Prime, NSE, Premier)

Contact Person: Makoto Iijima, General Manager, Corporate Communications Dept, Public Affairs Div.<br> Phone: (042)586-5494

**Notice Concerning Granting of Voting Rights to Shareholders who will Acquire Shares in Holding Company after Record Date Regarding Business Integration of**

**Hino Motors, Ltd. and Mitsubishi Fuso Truck and Bus Corporation**

Hino Motors, Ltd. (the "Company"), as stated in its press releases titled "Notice Concerning Execution of Business Integration Agreement Regarding Business Integration of Hino Motors, Ltd. and Mitsubishi Fuso Truck and Bus Corporation" dated June 10, 2025 (the "Press Release dated June 10, 2025"), entered into a business integration agreement with Mitsubishi Fuso Truck and Bus Corporation ("MFTBC"), Toyota Motor Corporation (the parent company of the Company; "Toyota"), and Daimler Truck AG (the parent company of MFTBC) regarding the business integration (the "Business Integration") between the Company and MFTBC.

The Company hereby announces that the integrated holding company of the Company and MFTBC (name after the Business Integration: ARCHION Corporation; the "Integrated Company") has determined as of today to grant voting rights at the ordinary general meeting of shareholders, to be held in June 2026 (the "Ordinary General Meeting of Shareholders"), to those who will acquire the Integrated Company's common shares through (a) a share exchange (the "Share Exchange") in which the Integrated Company will become the wholly-owning parent company and the Company will become the wholly-owned subsidiary of the Integrated Company, and (b) a share delivery (the "Share Delivery") in which the Integrated Company will become the parent company and MFTBC will become the subsidiary of the Integrated Company, after the record date for voting rights at the Ordinary General Meeting of Shareholders, subject to the conditions that the Share Exchange and the Share Delivery become effective, as follows:

1. Shares for which Voting Rights are Granted

Integrated Company's common shares to be delivered through the Share Exchange and the Share Delivery.

(Reference)

&nbsp;&nbsp;&nbsp;&nbsp;(a) Number of Integrated Company's common shares to be delivered through the Share Exchange: 845,069,664 Shares (Scheduled)

The Integrated Company, upon the Share Exchange, plans to allot and deliver 845,069,664 common shares and 175,512,774 class A shares of the Integrated Company. The number of such shares is the planned number of shares calculated by subtracting the number of treasury shares (426,984 common shares) from the total number of issued shares (574,580,850 common shares) of the Company as of September 30, 2025, and adding the number of shares to be issued by way of the issue of common shares and class A shares of the Company to Toyota through a third-party allotment, which was resolved at a meeting of the Company's Board of Directors held on June 10, 2025 (the "Third-Party Allotment") (270,915,798 common shares and 175,512,774 class A shares). In addition, with respect to the treasury shares held by the Company (including treasury shares to be acquired by the Company in response to an exercise of appraisal rights under Article 785 of the Companies Act upon the Share Exchange) as of the time immediately before the time at which the Integrated Company acquires all of the Company's issued shares through the Share Exchange (the "Reference Time"), the Company plans to cancel all of such treasury shares at the Reference Time by a resolution of the Board of Directors to be held by the day immediately before the effective date of the Share Exchange. The total number of shares of the Integrated Company to be allotted and delivered upon the Share Exchange may be changed in the future due to reasons such as the acquisition or cancellation of the treasury shares by the Company.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Number of Integrated Company's common shares to be delivered through the Share Delivery: 1,736,000,310 Shares (Scheduled)

The Integrated Company, upon the Share Delivery, plans to allot and deliver 1,736,000,310 common shares of the Integrated Company in the event that the Integrated Company acquires all of MFTBC's common shares held by all shareholders of MFTBC. The number of such shares was calculated on the assumption that the total number of issued shares of the Integrated Company after the Share Exchange would be 1,020,582,438 shares (which is calculated by subtracting the number of treasury shares (426,984 common shares) from the total number of issued shares (574,580,850 common shares) of the Company as of September 30, 2025, and adding the number of shares to be issued by way of the Third-Party Allotment (270,915,798 common shares and 175,512,774 class A shares); this number may be changed in the future due to reasons such as the acquisition or cancellation of the treasury shares by the Company) and the total number of issued shares of MFTBC (excluding the number of treasury shares) would be 5,600,001 shares.

2. Reason for Granting Voting Rights

As announced in the Press Release dated June 10, 2025, the Company, MFTBC and the Integrated Company will implement the Share Exchange and the Share Delivery on April 1, 2026, as the effective date.

Therefore, the Integrated Company has considered that it is consistent with the purport of the Business Integration to, at the Ordinary General Meeting of Shareholders, grant voting rights to the Company's shareholders acquiring the common shares of the Integrated Company through the Share Exchange, and the MFTBC's shareholders acquiring the common shares of the Integrated Company through the Share Delivery. Accordingly, pursuant to Article 124, paragraph 4 of the Companies Act, the Company has decided to grant voting rights to those shareholders who will acquire the common shares of the Integrated Company after the record date for voting rights at the Ordinary General Meeting of Shareholders (March 31, 2026) through the Share Exchange and the Share Delivery.

End

## Exhibit 99.3

&nbsp;&nbsp;The business integration described in this press release involve securities of a Japanese company. The business integration is subject to disclosure requirements of Japan that are different from those of the United States. Financial information included in this document, if any, was excerpted from financial statements prepared in accordance with foreign accounting standards that may not be comparable to the financial statements of United States companies.<br>It may be difficult for you to enforce your rights and any claim you may have arising under the U.S. federal securities laws, since the issuer is located in Japan and some or all of its officers and directors reside outside of the United States. You may not be able to sue a Japanese company or its officers or directors in a Japanese court for violations of the U.S. securities laws. It may be difficult to compel a Japanese company and its affiliates to subject themselves to a U.S. court's judgment. You should be aware that the issuer may purchase securities otherwise than under the business integration, such as in the open market or through privately negotiated purchases.<br>This document has been translated from the Japanese-language original for reference purposes only. In the event of any conflict or discrepancy between this document and the Japanese-language original, the Japanese-language original shall prevail in all respects.<br>

![](image_002.jpg)

November 4, 2025

To Whom It May Concern

Company name: Hino Motors, Ltd.<br> Representative: Satoshi Ogiso, President & CEO,<br> Member of the Board of Directors,<br> (Code Number: 7205 TSE, Prime, NSE, Premier)<br> Contact Person: Makoto Iijima, General Manager, <br> Corporate Communications Dept, Public Affairs Div.<br> Phone: (042)586-5494<br>

**Notice Concerning Change of Representative Directors**

Hino Motors, Ltd. (the "Company") hereby announces that, at its Board of Directors meeting held on November 4, 2025, the Board of Directors has resolved the change of Representative Directors, as follows.

1. Reason for Change

This change of Representative Directors is due to the business integration with Mitsubishi Fuso Truck and Bus Corporation to be implemented in April 2026, resulting in the Company becoming a wholly-owned subsidiary of ARCHION Corporation, the new holding company. Under the new group management structure, the Company will carry out corporate transformation and promote business globally. The Company will leverage the strengths of each individual under the management structure that places the right people in the right positions, and will aim for sustainable growth and maximization of group synergy based on the HINO Way values of "Integrity," "Contribution," and "Empathy" that the Company has cultivated.

2. Scheduled Date of Appointment

April 1, 2026

3. Details of Change

Name <u>New position</u> <u>Current position</u> <br> <u>Satoshi Ogiso</u> <u>ARCHION Corporation Member of the Board</u> <u>President, Member of the Board of Directors</u> <br> <u>Satyakam Arya</u> <u>President, Member of the Board of Directors</u> <u>Managing Director & CEO, Daimler India Commercial Vehicles Pvt. Ltd.</u>

4. Brief Career Summary of Newly Appointed Representative Director

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; Name<br> (Date of birth) | &nbsp;&nbsp;Brief career summary | &nbsp;&nbsp;Brief career summary | &nbsp;&nbsp;Number of shares owned (thousand shares) |
| &nbsp;&nbsp; Satyakam Arya<br> (August 19, 1973) | &nbsp;&nbsp;Oct. 1995 | &nbsp;&nbsp;Joined Maruti Suzuki India, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;- |
| &nbsp;&nbsp; Satyakam Arya<br> (August 19, 1973) | &nbsp;&nbsp;Oct 2004 | &nbsp;&nbsp; Manager, Supply Chain Management<br> Senior Manager, Purchasing,<br> New Holland Tractors | &nbsp;&nbsp;&nbsp;&nbsp;- |
| &nbsp;&nbsp; Satyakam Arya<br> (August 19, 1973) | &nbsp;&nbsp;March 2005 | &nbsp;&nbsp; Project Manager,<br> Renault Nissan Purchasing Organization | &nbsp;&nbsp;&nbsp;&nbsp;- |
| &nbsp;&nbsp; Satyakam Arya<br> (August 19, 1973) | &nbsp;&nbsp; Dec. 2007 | &nbsp;&nbsp; Project Materials Head,<br> Mahindra & Mahindra Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;- |
| &nbsp;&nbsp; Satyakam Arya<br> (August 19, 1973) | &nbsp;&nbsp;Jan. 2009 | &nbsp;&nbsp; Vice President, Global Procurement,<br> Daimler India Commercial Vehicles Pvt. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;- |
| &nbsp;&nbsp; Satyakam Arya<br> (August 19, 1973) | &nbsp;&nbsp;Sep. 2014 | &nbsp;&nbsp; Director, Head of Global Procurement,<br> Daimler Trucks Asia | &nbsp;&nbsp;&nbsp;&nbsp;- |
| &nbsp;&nbsp; Satyakam Arya<br> (August 19, 1973) | &nbsp;&nbsp;Jul. 2016 | &nbsp;&nbsp;President & CEO, PABCO Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;- |
| &nbsp;&nbsp; Satyakam Arya<br> (August 19, 1973) | &nbsp;&nbsp;Apr. 2017 | &nbsp;&nbsp; Director, Head of Customer Services,<br> Daimler Trucks Asia | &nbsp;&nbsp;&nbsp;&nbsp;- |
| &nbsp;&nbsp; Satyakam Arya<br> (August 19, 1973) | &nbsp;&nbsp;Jul. 2017<br> Nov. 2018  | &nbsp;&nbsp;Chairman of the Board, PABCO Ltd.<br>Managing Director & CEO,<br> Daimler India Commercial Vehicles Pvt. Ltd.<br> (to present)  | &nbsp;&nbsp;&nbsp;&nbsp;- |

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