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Stanley Electric Co ( (JP:6923) ) has issued an update.
Stanley Electric Co., Ltd. has completed the acquisition of all shares of Iwasaki Electric Co., Ltd., a Tokyo-based developer and manufacturer of light sources, lighting equipment, applied optics, and environmental equipment, making it a wholly owned consolidated subsidiary. The deal strengthens Stanley Electric’s position in the lighting and optical solutions market by integrating Iwasaki Electric’s product portfolio and expertise, although the company is still assessing the impact on its consolidated financial results and has indicated it will disclose further information if required.
The most recent analyst rating on (JP:6923) stock is a Buy with a Yen3500.00 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. is a Japan-based manufacturer specializing in lighting and optical technologies, supplying light sources, lighting equipment, and related solutions. Through this focus, the company serves industrial and commercial markets that rely on advanced illumination and applied optics systems.
Average Trading Volume: 565,708
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen299.5B
For an in-depth examination of 6923 stock, go to TipRanks’ Overview page.