Koito Manufacturing Co (JP:7276) has released an update.
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Koito Manufacturing Co. has entered into a merger agreement to acquire LiDAR company Cepton, Inc., intending to make Cepton a consolidated subsidiary by Q4 of the fiscal year 2025. The acquisition aligns with Koito’s expansion in sensor technology for ADAS and autonomous driving, aiming to enhance safety in next-generation mobility and drive sustainable corporate growth. The financial impact of this transaction is reportedly not material for the fiscal year ending March 2025 and has been accounted for in the revised business results forecast.
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