An undisclosed buyer agreed to acquire 16% stake in Sunrise Trading Co., Ltd. from The Sailor Pen Co., Ltd. for ¥44.03 million.

The Sailor Pen Co.,Ltd. is a Japan-based company mainly engaged in the manufacture and sale of stationeries and robots. The Company operates through two business segments. The Stationery segment is mainly engaged in the manufacture and sale of fountain pens, ballpoint pens, mechanical pencils and other stationeries, as well as the purchase and sale of prize payout equipment. The Robot Equipment segment is mainly engaged in the design, manufacture, sale and maintenance of automatic take-out robots for plastic injection molding products, stock equipment and custom-made equipment.