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Holding company over Hino Motors and Mitsubishi Fuso, making commercial trucks and buses in Japan.
Holding company over Hino Motors and Mitsubishi Fuso, making commercial trucks and buses in Japan.
Sells trucks and buses mostly to fleet operators through dealer networks, with parts and service after the sale adding steadier income. It is the holding company created to combine Hino Motors and Mitsubishi Fuso, with Toyota and Daimler Truck each holding about a quarter.
In one line: A holding company over two truck brands, like a Japanese PACCAR.
Moat: narrow (scale, brand, distribution). Combined Hino/Fuso scale and dealer networks after the 2026 merger of Japan's two truck makers.
Headquarters: Tokyo, Japan · Founded: 2026 · Employees: 32,339
Size ARCHION (543A.T) is a Japan Consumer Discretionary company (Motor Vehicles) with a market value of $5.11B, the 239th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥275 on 6 Nov 2026.
Performance Over six months the shares fell 9.2%, against -24.4% for the median peer and +1.8% for the Japan market (cap-weighted) — 8th highest of 21 in its peer set.
Growth Revenue grew 9.0% over the last twelve months (peer median +15.8%); the operating margin is 4.9% (peer median 0.8%).
Valuation It trades at 2.4× forward earnings against a peer median of 16.0× (cheapest of 15).
Price implies For today's price to make sense, revenue must grow about 7% a year for seven years (Req g). Recent delivered growth is +1%, so the hurdle is +7 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 4.2 points below its cost of capital (9.3% WACC).
Next results Next results expected around 10 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥1.80T | ¥1.57T | ¥1.70T | ¥1.52T | ¥1.51T |
| Revenue growth | — | -8% | +12% | +1% | — |
| Gross profit | ¥315B | ¥285B | ¥296B | ¥234B | ¥240B |
| EBITDA | ¥158B | ¥142B | ¥117B | ¥48.4B | ¥74.7B |
| Net income | ¥322B | ¥84.4B | -¥218B | ¥17.1B | -¥118B |
| Free cash flow | n/a | ¥32.5B | -¥60.9B | -¥178B | -¥99.1B |
| Capital expenditure | n/a | ¥57.2B | ¥73.7B | ¥75.8B | ¥67.3B |
| Total debt | ¥418B | ¥215B | ¥422B | ¥390B | ¥306B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| ARCHION 543A.T | $5.11B | -9% | +9% | 5% | 2.4× | 7.4% |
| Isuzu Motors 7202.T | $9.26B | -1% | +5% | 6% | 8.8× | n/a |
| Paccar PCAR | $53.7B | -11% | -1% | 11% | 15.4× | 11.2% |
| Daimler Truck DTG.DE | $34.7B | -1% | -14% | 5% | 10.6× | 9.8% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 543A.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.5% | -0.3% | 8th lowest of 21 |
| 6-month return | -9.2% | -24.4% | 8th highest of 21 |
| Distance from 52-week high | -51.1% | -34.6% | 4th lowest of 21 |
| Revenue growth (TTM) | +9.0% | +15.8% | 9th lowest of 21 |
| Operating margin | 4.9% | 0.8% | 7th highest of 21 |
| Forward P/E | 2.4× | 16.0× | cheapest of 15 |
| Growth the price implies (Req g, 7 yrs) | 7.4% | -5.6% | 2nd most demanding of 11 |
| Growth delivered (Del g) | +0.9% | +12.9% | 2nd lowest of 11 |
| Hurdle (Req g minus delivered) | +6.5 pp | -17.4 pp | most demanding of 11 |
| ROIC minus cost of capital | -4.2 pp | -3.8 pp | 9th lowest of 18 |
| EV / EBITDA | 6.2× | 7.6× | 3rd cheapest of 7 |
| Net debt / EBITDA | 0.5× | 0.7× | 5th least indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| ARCHION 543A.T | Japan | $5.11B | -9% | +9% | 5% | 2.4× | 7.4% | +0.9% |
| Loncin Motor 603766.SS | China | $4.97B | +5% | +2% | 9% | 15.9× | -5.5% | +12.7% |
| Chongqing Afari Technology 601777.SS | China | $4.94B | -35% | +17% | -11% | 208.0× | n/a | n/a |
| Iveco IVG.MI | Italy | $5.55B | +3% | -5% | 3% | 12.7× | n/a | n/a |
| Mazda Motor 7261.T | Japan | $4.52B | +12% | +4% | 3% | 6.9× | -14.8% | +11.3% |
| Nissan Motor 7201.T | Japan | $5.98B | -24% | -1% | 2% | 23.1× | n/a | n/a |
| Guangzhou Automobile 601238.SS | China | $6.22B | -32% | +5% | -18% | n/a | n/a | n/a |
| Zhejiang Leapmotor Technology 9863.HK | Hong Kong | $6.34B | -25% | +71% | -1% | 16.1× | -14.5% | +150.7% |
| FAW Jiefang 000800.SZ | China | $4.11B | -17% | +22% | -1% | 29.5× | n/a | n/a |
| BAIC BluePark New Energy Technology 600733.SS | China | $4.02B | -41% | +54% | -19% | n/a | n/a | n/a |
| Federal Signal FSS | United States | $6.92B | -4% | +24% | 17% | 20.1× | 11.8% | +14.0% |
| Volvo Car VOLCAR-B.ST | Sweden | $3.63B | -45% | -17% | 0% | n/a | n/a | n/a |
| Zhejiang CFMoto Power 603129.SS | China | $7.23B | +16% | +40% | 11% | 19.9× | -3.9% | +34.5% |
| Jardine Cycle & Carriage C07.SI | Singapore | $7.36B | -28% | -11% | 10% | 8.2× | -7.8% | +8.9% |
| Sinotruk Jinan Truck 000951.SZ | China | $3.46B | -10% | +36% | 4% | 11.2× | -5.8% | -0.8% |
| Ather Energy ATHERENERG.NS | India | $7.57B | +101% | +63% | -7% | n/a | n/a | n/a |
| Minth 0425.HK | Hong Kong | $3.45B | -37% | +14% | 11% | 7.5× | 2.7% | +14.8% |
| VinFast Auto VFS | United States | $7.60B | -25% | +74% | -86% | n/a | n/a | n/a |
| NIO 9866.HK | Hong Kong | $7.60B | -46% | +70% | -4% | n/a | n/a | n/a |
| Harley-Davidson HOG | United States | $3.40B | +28% | -15% | -4% | 18.6× | 0.4% | +2.0% |
| Yadea 1585.HK | Hong Kong | $3.36B | -28% | +13% | 7% | 8.9× | -11.2% | +13.0% |