(Correction) (Progress of Disclosure Matters) Change of Status of Equity Method Affiliate to
Consolidated Subsidiary
We hereby announce that some of the statements in the " (Progress of Disclosure Matters) Change of Status of Equity Method Affiliate to Consolidated Subsidiary " announced on April 26, 2024, were incorrect, as described below. Corrections are underlined.
(Before correction)
1.
Outline of acquired shares
(1) Voting rights ratio before change
36.1%
(2) Voting rights ratio to be acquired
3.9%
(3) Acquisition price
2,755million yen
(4) Voting rights ratio after change
40.0%
(After correction)
1.
Outline of acquired shares
(1) Voting rights ratio before change
36.1%
(2) Voting rights ratio to be acquired
3.9%
(3) Acquisition price
27,431million yen
(4) Voting rights ratio after change
40.0%
.
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26 April 2024 and is solely responsible for the information contained therein. Distributed by
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Stanley Electric Co Ltd is a Japan-based company mainly engaged in the manufacture and sale of automotive equipment products, component products and electronic applied products. The Company operates through three segments. The Automotive Equipment segment mainly manufactures automotive lighting products, which are sold to automobile manufacturers. The Components segment mainly manufactures electronic device products that are sold to manufacturers related to electrical machinery and automobiles. The Electronic Applied Products segment mainly manufactures electronic applied products such as units and modules that meet the specifications of customers, such as liquid crystal backlights, and operation panels that are sold mainly to electrical equipment, automobiles, and automobile-related manufacturers. In addition, the Company is also engaged in business activities such as promotion of employment of people with physical disabilities and financial and management services for groups.
STANLEY ELECTRIC CO., LTD. 
