Kokuyo, a major stationery maker headquartered in Osaka, has announced that it will sell all of its 45% stake in pentel maker Pentel to rival Plus.

"Kokuyo" attempted a hostile takeover of "Pentel", but gave up after receiving a backlash from "Pentel", and this time, it decided to let go of its shares.

According to the announcement, "Kokuyo" owns 45.6% of the shares of "Pentel", but all shares will be sold to stationery maker "Plus".



As a result, "Plus" will have about 76% of the shares of "Pentel" that it currently holds, and will make it a subsidiary.



KOKUYO has announced a policy of aiming to make Pentel a subsidiary in 2019, but Pentel has protested on the grounds that there was no prior consultation, leading to a hostile takeover. rice field.



After that, "Kokuyo" gave up on making it a subsidiary because "Pentel" formed a capital alliance with "Plus". It will drip.



On the other hand, "KOKUYO" has announced that it will aim to strengthen its overseas business by forming a business alliance with "Pentel", which has abundant sales channels overseas.

Plus “Respect Pentel’s management independence and accelerate collaboration”

Plas said, "We intend to make Pentel a consolidated subsidiary and hold the acquired shares for the long term. While respecting the independence of Pentel's management, we will further accelerate collaboration in various fields such as manufacturing and development, domestic business, and overseas business. I made a comment saying.