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Stanley Electric rises for third day to new year-to-date high on medium-term plan targeting 10% operating margin in FY03/2030
Stanley Electric Co Ltd <6923> shares extended gains for a third straight session on Monday, hitting a fresh year-to-date high. Following Friday's close, the company announced a new medium-term business plan through the fiscal year ending March 2030, targeting net sales of 700 billion yen (up from 518.456 billion yen in the fiscal year ended March 2026) and an operating margin of 10% (up from 8.2%). In its automotive segment, Stanley Electric will advance initiatives in South America, India, and China, while its electronics business will focus on expanding backlight products into the automotive market.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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