Stanley Electric Co., Ltd. announced that it will issue 7,500,000 treasury shares at issue price of ¥2534 per share for an aggregate gross proceeds of ¥19,005,000,000 on September 27, 2022. The transaction will include participation from Honda Motor Co., Ltd. The transaction is expected to close on October 14, 2022. The company issues shares through third-party allotment.

The transaction has been approved by the board of directors of the company.