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Stanley Electric Co ( (JP:6923) ) has issued an update.
Stanley Electric has resolved to acquire all shares of Iwasaki Electric Co., Ltd. from Lux Holdings, L.P., turning the long-established lighting specialist into a consolidated subsidiary. By integrating Iwasaki Electric’s strengths in outdoor and public lighting, its extensive relationships with government and public-sector customers, and its competitive position in industrial light sources and irradiation equipment, Stanley aims to broaden its lighting solutions from automotive into municipal infrastructure, factories, and commercial facilities. The move is intended to accelerate development of next-generation public lighting such as smart streetlights, support the expansion of Stanley’s streetlight business in Japan as well as ASEAN and Indian markets, and enhance growth in its Electronic Component and Applied Electronic Product businesses by leveraging combined technological and market capabilities.
The most recent analyst rating on (JP:6923) stock is a Buy with a Yen3709.00 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 Japanese manufacturer specializing in technologies that harness the properties of light across three main segments: automotive equipment, where it focuses on automotive lamps; electronic components, including LEDs and related devices; and applied electronic products such as automotive sensors, optical modules, and units. The group’s business is oriented toward automotive applications and broader lighting and optical solutions, with an increasing emphasis on expanding its electronics-related offerings and infrastructure lighting solutions in domestic and overseas markets.
Average Trading Volume: 628,354
Technical Sentiment Signal: Buy
Current Market Cap: Yen400.9B
Learn more about 6923 stock on TipRanks’ Stock Analysis page.