Stanley Electric Co (JP:6923) has released an update.
Stanley Electric Co., Ltd. announced the absorption-type merger of its wholly-owned subsidiary, Stanley Tsuruoka Works Co., Ltd., aimed at reorganizing their LED business for improved efficiency and competitiveness. The merger, set to take effect on April 1, 2025, is expected to have minimal impact on the company’s consolidated business results. This strategic move is intended to enhance the management of resources within the Stanley Group and to continue LED production without any change in share distribution or company structure.
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