Stanley Electric’s acquisition of all shares in Iwasaki Electric
Corporate
Stanley Electric Co., Ltd. (Head office: 2-9-13 Nakameguro, Meguro-ku, Tokyo; President and Representative Director: Yasuaki Kaizumi) (hereinafter the “Company”) hereby announces that it has resolved at its board of directors meeting held today to acquire all shares of Iwasaki Electric Co., Ltd. (hereinafter "Iwasaki Electric") and make it a consolidated subsidiary effective April 1, 2026 (hereinafter the “Share Acquisition”), as described below.
Guided by its core business philosophy of "the boundless pursuit of the Value of Light", Stanley Electric group develops, manufactures, and sells products that leverage the various properties of light through three businesses: the Automotive Equipment Business, centered on automotive lamps; the Electronic Component Business, which provides devices such as LEDs; and the Applied Electronic Product Business, which handles automotive sensors and optical modules and units.
Iwasaki Electric, with its dual pillars of the Lighting Solutions Business and the Applied Optics and Environment Business, has established strong business relationships with government agencies and public sector entities based on its long-standing track record, mainly in outdoor and public lighting, and its extensive sales and service network. It also has extremely strong market competitiveness in industrial UV light sources and irradiation equipment used for curing, sterilization, heating, and other applications utilizing various light technology.
The Company has centered its business on Automotive Equipment Business, pursued the global expansion of its three business segments and engaged in expanding the portfolios of Electronic Component Business and the Applied Electronic Product Business (collectively, the "Electronics Business"). On this occasion, with Iwasaki Electric as a partner possessing unique strengths, the Company will be able to offer solutions for public infrastructure and industrial sectors that had been difficult to access independently. Also, combining their technologies, know‑how and various product lineup with our global manufacturing and sales network will strengthen our Electronics Business and expand our overseas infrastructure business.
Prompted by this transaction, both companies — which have pursued businesses addressing social issues through light — will complement each other with their strengths and open a new phase of growth.
| Target company | Iwasaki Electric Co., Ltd. |
| Number of shares to be acquired | 278,331 shares (Percentage of voting rights: 100.0%) |
| Acquisition price | 70,292 million yen (includes advisory fees to be paid upon the Share Acquisition.) |
| Method of Share Acquisition | Acquisition of all shares from an investment fund (Lux Holdings, L.P.) and minority shareholders |
| Date of Share Acquisition | Date of Share Acquisition April 1, 2026 (scheduled) |
| Trade name | Iwasaki Electric Co., Ltd. |
| Establishment | August 18, 1944 |
| Representative | Yoshitake Ito, President and Chief Executive Officer |
| Head ffice | 1-1-7 Higashinihonbashi, Chuo-ku, Tokyo |
| Business description | Business description Development, manufacture and sale of various light sources, lighting equipment, applied optics and environment equipment (applications of ultraviolet, infrared, and electron beam), related solutions |
| Capital | 6,934 million yen (as of March 31, 2025) |
| Consolidated net sales | Consolidated net sales 60,099 million yen (Fiscal year ended March 2025) |
| Number of employees | 1,470 (consolidated, as of May 2025) |