Stanley Electric Co.,Ltd. [6923.T]
TOKYO, Mar 31 (Pulse News Wire) – Stanley Electric CO.,LTD. (6923.T) announced today that it has resolved to acquire all shares of Ishikawa Denki Co., Ltd., making it a wholly-owned subsidiary.
The acquisition was initially disclosed on January 29, 2026. However, the company noted that while necessary procedures related to competition laws in Japan have been completed, similar processes in Vietnam remain pending.
As such, the effective implementation of the share purchase is contingent upon receiving final approvals from Vietnamese authorities. Stanley Electric anticipates completing the transaction in April 2026.
In the event of any further significant developments, the company stated it would promptly update stakeholders accordingly.
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