Source disclosure: January 29, 2026
Stanley Electric Co., Ltd. [6923.T]
TOKYO, Jan 29 (Pulse News Wire) – Stanley Electric CO.,LTD. (6923.T) announced today that its board of directors approved the acquisition of all shares of Iwasaki Electric Co., Ltd., making it a wholly-owned subsidiary.
The move aims to strengthen the company's lighting solutions portfolio across automotive, public infrastructure, factories, and commercial facilities. Iwasaki Electric, founded in 1944, specializes in lighting solutions and industrial light sources. With this acquisition, Stanley Electric plans to accelerate development of next-generation streetlights and expand road lighting operations in ASEAN markets.
The transaction is expected to close on April 1, 2026, subject to regulatory approvals in Japan and Vietnam. Financial details show Iwasaki Electric had a capital of ¥6.934 billion as of March 2025. The total consideration includes advisory fees and could fluctuate based on price adjustments outlined in the share purchase agreement.
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