In a move to strengthen its ties with Hino Motors Ltd., Toyota Motor Corp. plans to purchase 13.3 million shares in the major truck manufacturer, increasing its shareholding to 20.1 percent, Toyota announced Sept. 29.

Toyota, which already controls 16.4 percent of Hino’s outstanding shares, plans to buy the shares as soon as possible. Once it holds more than 20 percent of Hino’s outstanding shares, the truck maker’s financial results will be reflected in Toyota’s consolidated financial reports.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.