I saw this today on the reddit fountain pen sub.
Link to the thread
From this article (in Japanese)
Also talked about in this podcast
The above linked article says basically this (copied from the reddit thread above)
"Financial news from last Tuesday. Sailor published convertible bond for Plus to get 2 billion Yen, which if converted to stock would give Plus over 57% ownership. Plus had been the largest holder before. Expectedly, their official stance about if they will convert that bond to stock is “no comment”.
The article also said last year Sailor booked 21 million in the red, -1.4% sales year-over-year.
The Nikkei article said Sailor is meeting difficulties with the Chinese fountain pen market, while in domestic market they are threatened by low birth rate and move to paperless business.
Comparing companies, Plus is the level of Kokuyo, giant office supplies and stationery company. They won against Kokuyo in bidding for Pentel last year. Even if they won’t interfere with the high end fountain pens, maybe help in expanding the other Sailor stationeries like roller balls and markers ?"
I don't fully understand this, red numbers are never great, but -1.4% isn't that bad?
Besides, Sailor products are so popular and regularly sell out so quickly, how can they be on a decline? Or is that maybe more tied to their robot division (though I doubt that, as the article talks explicitily about stationery).
How is Platinum doing?
Pilot is flogging so many gel pens, I doubt they are in trouble, but then I never thought Sailor could be, though the decline of just 1.4% doesn't seem exactly terrible to me...
On top of that "apparently they have a real problem getting the seal done correctly or something; there was a mention in the podcast that for each realo they successfully make that they have to trash one that is not successful."
Edited by Olya, 28 June 2020 - 12:38.