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Stanley Electric Co ( (JP:6923) ) has provided an announcement.
Stanley Electric Co., Ltd. has entered into a Basic Integration Agreement with Mitsubishi Electric Mobility Corporation to establish a joint venture for the lamp system business for next-generation vehicles. This strategic move is expected to enhance their market positioning in the automotive sector by focusing on electronic and control components for advanced vehicle lighting systems.
The most recent analyst rating on (JP:6923) stock is a Buy with a Yen3200.00 price target. To see the full list of analyst forecasts on Stanley Electric Co stock, see the JP:6923 Stock Forecast page.
More about Stanley Electric Co
Stanley Electric Co., Ltd. operates in the automotive industry, focusing on the development, design, manufacture, and sale of electronic and control components for automotive lamp systems. The company targets both four-wheel and two-wheel vehicles, including next-generation vehicles.
Average Trading Volume: 589,231
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen423.4B
For detailed information about 6923 stock, go to TipRanks’ Stock Analysis page.