Overview
Other Products

The Sailor Pen Co.,Ltd.

Sailor Pen is a Japanese writing instrument manufacturer specializing in fountain pens, ballpoint pens, ink products, and related stationery, with competitive strengths in premium nib craftsmanship (including proprietary specialty nibs such as the 'Naginata Togi') and a broad ink color lineup including 100-color customizable ink collections. The company also operates a Robot Equipment Division, manufacturing standard and custom industrial robots for plastic injection molding automation. Domestically, writing instrument sales are handled through affiliated sales company Chorus Co., Ltd., while international distribution is supported by Sailor Pen Europe SAS (Europe) and THE SAILOR (THAILAND) CO., LTD.

Market Cap
¥2.88B
US$18.3M
EV
¥4.11B
US$26.2M
Stock¥97▼-3.00%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
NM
LTM EV/EBIT
NM
LTM PER
NM
LTM PBR
2.9
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-33.9%pt
10012345
Oct 24, 25 – Oct 23, 26StockTOPIX
1Dec 3, 25Unauthorized purchase of 40k shares via hacked Rakuten account
2Dec 4, 25Correction after unauthorized trading spike
3Dec 16, 25Continued volatility from unauthorized trading incident
4Dec 24, 25Ongoing volatility from unauthorized trading case
5Jan 27, 26Activist investor accumulating shares
MC → EV Bridge
2.88BUS$18.3MMarket Cap1.89BUS$12.0M+ Debt0.66BUS$4.24M− Cash0.01BUS$0.05M− Inv. Sec.0.02BUS$0.11M+ NCI4.11BUS$26.2MEV
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Performance & Balance
Revenue 5Y (¥B)
5.39US$34.4M'21/125.03US$32.1M'22/124.56US$29.1M'23/124.68US$29.8M'24/124.30US$27.4M'25/12
EBITDA 5Y (¥B)
0.18US$1.15M'21/12-0.03-US$0.21M'22/12-0.14-US$0.90M'23/12-0.11-US$0.70M'24/12-0.16-US$1.04M'25/12
Net Income 5Y (¥B)
0.05US$0.34M'21/12-0.19-US$1.23M'22/12-1.51-US$9.62M'23/12-1.15-US$7.30M'24/12-0.22-US$1.41M'25/12
Capital Structure
35%
65%
EquityD/E 1.89xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
2.56US$16.3M3.02US$19.3M'21/121.27US$8.08M1.22US$7.79M'22/120.67US$4.26M1.53US$9.76M'23/120.59US$3.78M1.93US$12.3M'24/120.55US$3.49M1.91US$12.2M'25/12
Shareholders
Top 10 hold 65.1%
1
PLUS Corporation
57.81%
2
Hisayuki YAMANAKA
1.35%
3
The Sailor Pen Co.,Ltd. Business Partners' Stock Ownership Association
1.26%
4
Rakuten Securities, Inc. (Joint Account)
0.97%
5
Shinya MURAYAMA
0.94%
6
EH Co., Ltd.
0.80%
7
Toshiya KOMATSUBARA
0.51%
8
Shun MAKIHATA
0.51%
9
The Sailor Pen Co.,Ltd. Officers' Stock Ownership Association
0.50%
10
Masao MEGURO
0.48%
Management
8 officers
Hikaru TAMURA
Representative Director, President
Mar 1988: Joined PLUS Corporation May 2011: General Manager, Marketing Division, PLUS Corporation Stationery Company (hereinafter "PSC") May 2012: General Manager (Deputy Head), No. 2 Product Business Division, PSC Marketing Headquarters; concurrently General Manager, Applied Development Department Apr 2016: Head of New Business Promotion Office (Head of Division), PSC Overseas Sales Headquarters; concurrently General Manager, Overseas Sales Support Department Jan 2018: Head of CCD Promotion Office (Head of Division), PSC Jan 2019: Executive Officer, Center Head of Product Development Center (Head of Division), PSC; concurrently General Manager, No. 2 Product Planning Department and Head of CCD Promotion Office (Head of Division) Aug 2019: Seconded to the Company as Executive Officer, General Manager, Product Development Department, Business Management Headquarters, Stationery Business Division Jan 2024: Executive Officer, Head of Development Division, the Company; concurrently Head of Corporate Strategy Office Mar 2024: Director, Head of Development Division, the Company; concurrently Head of Corporate Strategy Office Jun 2024: Director, Head of Development Division, the Company Mar 2025: Representative Director, President, the Company (current)
1965-01-05
Takashi KIMURA
Managing Director, Head of Administration Division
Apr 1987: Joined the Company Apr 2016: Deputy Manager, Technical Department, Tenno Plant, Stationery Business Division Dec 2017: Plant Manager, Tenno Plant, Stationery Business Division Mar 2018: Executive Officer, Plant Manager, Tenno Plant, Stationery Business Division May 2021: Executive Officer, General Manager, Head Office Administration Department Sep 2022: Executive Officer, Head of Administration Division Mar 2023: Director, Head of Administration Division Mar 2024: Managing Director, Head of Administration Division Jun 2024: Managing Director Jan 2025: Managing Director, Head of Administration Division (current)
1965-02-07
Naoki WADA
Managing Director, Head of Manufacturing Division, in charge of Development Division
Apr 1989: Joined Pentel Co., Ltd. Feb 2010: Section Manager, No. 2 Marking Manufacturing Section, Pentel Co., Ltd. Jun 2011: Deputy Manager (Sub-Section Head), Marking Profit Center, Pentel Co., Ltd. Nov 2012: Deputy General Manager, Art Materials Manufacturing Department, Pentel Co., Ltd. Jun 2013: Seconded to Pentel Taiwan (Plant Manager) Oct 2018: General Manager, Art Materials Planning and Development Department, Pentel Co., Ltd. Mar 2020: Plant Manager, Ibaraki Plant, Pentel Co., Ltd. Jun 2021: Executive Officer, Plant Manager, Ibaraki Plant, Pentel Co., Ltd. Jun 2023: Seconded to the Company as Executive Officer, Head of Manufacturing Division Mar 2024: Director, Head of Manufacturing Division, the Company Mar 2025: Managing Director, Head of Manufacturing Division, the Company; concurrently in charge of Development Division Oct 2025: Managing Director, in charge of Development Division, the Company Mar 2026: Managing Director, in charge of Manufacturing Division, the Company; concurrently in charge of Development Division (current)
1966-12-12
Yoshikazu SAYAMA
Director, Head of Sales Division
Apr 1987: Joined the Company May 2011: Deputy Manager, Planning Department, Sales Division, Stationery Business May 2012: Kyushu Branch Manager, Sales Division, Stationery Business Mar 2017: Executive Officer, Head of Sales Division, Stationery Business Mar 2018: Director, Head of Stationery Business Aug 2019: Director, Head of Sales Division, Stationery Business Aug 2020: Director, Assistant to Head of Stationery Business, the Company; Director, Chorus Co., Ltd. Sep 2022: Director, Head of Domestic Sales, the Company; Director, Chorus Co., Ltd. Jan 2024: Director, Head of Domestic Sales, the Company; Non-Executive Director, Chorus Co., Ltd. Apr 2024: Director, Head of Sales Division, the Company; Non-Executive Director, Chorus Co., Ltd. May 2025: Director, Head of Sales Division, the Company (current)
1965-03-22
Toshikatsu NAKAZAWA
Director (Full-time Audit and Supervisory Committee Member)
Apr 1980: Joined the Company Mar 1990: Joined Sumitomo Forestry Co., Ltd. Apr 2011: Representative Director, President, Sumirin Film Care Co., Ltd. Jun 2018: Chairman, National Association of Paid Nursing Homes (public interest foundation) (current) Mar 2022: Director, Full-time Audit and Supervisory Committee Member, the Company (current)
1955-09-24
Satoshi NAKAJIMA
Director, Head of Corporate Strategy Office
Mar 1985: Joined PLUS Corporation Sep 1994: Resident Section Chief, Taiwan PLUS, Product Business Division, PLUS Corporation Jan 2006: General Manager, Shanghai Hanhong Plus Stationery, PLUS Stationery Co., Ltd. (now PLUS Corporation Stationery Company (hereinafter "PSC")) Aug 2011: Head of Product Business Promotion Office (Head of Division), Marketing Division, PSC May 2012: Head of No. 1 Product Business Division (Deputy Head of Division), PSC Marketing Headquarters; concurrently Head of Product Business Promotion Office (Deputy Head of Division) Sep 2014: Seconded to PSC Taiwan PLUS Co., Ltd. as Director (General Manager) Jan 2017: Head of SCM Division, PSC Jan 2018: Executive Officer, Head of SCM Division, PSC; concurrently General Manager, Procurement and Development Department Jan 2019: Seconded to PLUS Vietnam Industrial Co., Ltd. as Representative Director, President Feb 2023: General Manager, Sustainability Promotion Department, CSR Division, PSC May 2024: Seconded to the Company as General Manager, Overseas Sales Department Jun 2024: Head of Corporate Strategy Office, the Company; concurrently General Manager, Overseas Sales Department Mar 2026: Director, Head of Corporate Strategy Office, the Company (current)
1961-12-20
Naoko KUMAO
Director (Audit and Supervisory Committee Member)
Dec 2017: Registered as attorney-at-law Dec 2017: Joined Legal Plus Law Corporation Jun 2018: Joined Shimamura Law and Accounting Office (current) Mar 2020: Director, Audit and Supervisory Committee Member, the Company (current) Jun 2021: Outside Director, Audit and Supervisory Committee Member, Colowide Co., Ltd. Jul 2022: Outside Director, Audit and Supervisory Committee Member, Hamee Corp. (current) Nov 2022: Outside Director, Audit and Supervisory Committee Member, Meikou Network Japan Co., Ltd. (current) Jun 2025: Outside Director, Audit and Supervisory Committee Member, Atom Corporation (current)
1970-02-27
Yayoi HASEGAWA
Director (Audit and Supervisory Committee Member)
Dec 2017: Registered as attorney-at-law Dec 2017: Joined Tokyo Chuo Law Office (current) Apr 2024: Director, Audit and Supervisory Committee Member, the Company (current)
1975-03-19
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-08-07
Semi-Annual Securities Report
Period: Jan 2026 – Dec 2026
TDnet
2026-08-06
Q2 Earnings Flash
FY ending Dec 2026
EDINETAmended
2026-05-27
Amended Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2026-05-15
Q1 Earnings Flash
FY ending Dec 2026
EDINET
2026-03-26
Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-11-14
Q3 Earnings Flash
FY ending Dec 2025
EDINET
2025-08-08
Semi-Annual Securities Report
Period: Jan 2025 – Dec 2025
EDINETAmended
2025-05-27
Amended Annual Securities Report
Period: Jan 2024 – Dec 2024
TDnet
2025-05-15
Q1 Earnings Flash
FY ending Dec 2025
EDINET
2025-03-28
Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-08-09
Semi-Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-05-15
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-03-28
Annual Securities Report
Period: Jan 2023 – Dec 2023
EDINET
2023-11-14
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-05-15
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINET
2023-03-30
Annual Securities Report
Period: Jan 2022 – Dec 2022
EDINET
2022-11-14
Quarterly Securities Report
EDINET
2022-08-12
Quarterly Securities Report
EDINET
2022-05-13
Quarterly Securities Report
EDINET
2022-03-30
Annual Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-12
Quarterly Securities Report
EDINET
2021-05-14
Quarterly Securities Report
EDINET
2021-03-30
Annual Securities Report
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