PLUS Corporation agreed to acquire 45.6% stake in Pentel Co., Ltd. from Kokuyo Co., Ltd. (TSE:7984) on September 30, 2022. For the period ended March 31, 2022, Pentel reported net assets of ¥18.73 billion, total assets of ¥48.37 billion, sales of ¥36.84 billion, EBIT of ¥990 million. The transaction has been approved by the board of Kokuyo Co.

The transaction is expected to close on September 30, 2022.