Stanley Electric Co., Ltd. and Mitsubishi Electric Mobility Corporation have finalized their Integration Agreement to establish a joint venture company for the lamp system business for next-generation vehicles. This agreement involves an absorption-type split, with Stanley Electric establishing Stanley Mobility Electric Co., Ltd. as the Absorption-Type Split Successor Company on July 1, 2025. Mitsubishi Electric Mobility resolved at its board meeting on July 25, 2025, to enter into an absorption-type split agreement with the Absorption-Type Split Successor Company, which was executed on July 31, 2025.

Stanley Electric also resolved and executed its absorption-type split agreement on July 31, 2025. This joint venture aims to focus on electronic and control components for lamp systems in both four-wheel and two-wheel next-generation vehicles.