Stanley Electric’s FY 2023-24 net sales rises 7.5% year over year to $3.1 billion

Japanese supplier forecasts higher sales and income in FY 2024-25

Stanley Electric has reported a 7.5% year-over-year increase in net sales to ¥472.4 billion ($3.1 billion) in the financial year ended March 31, the Japan-based automotive lighting supplier said in a press release June 6. Despite growth in sales, the company witnessed a 2.4% year-over-year decline in operating income to ¥35.8 billion. Net income remained stable at ¥26.5 billion as reported in the previous financial year.