The Sailor Pen Co., Ltd. (TSE:7992) entered into an agreement to acquire a 70% stake in SAS Univers & Marques from Loic Rainouard on February 2, 2021. Under the term, The Sailor Pen will acquire 70 shares of SAS Univers & Marques. Post completion, SAS Univers & Marques will operate as a consolidated subsidiary of The Sailor Pen. As of December 31, 2020, SAS Univers & Marques reported net assets of ¥8 million, total assets of ¥14.35 million, sales of ¥20.96 million, EBIT 0 and net loss of ¥0.25 million. The transaction was approved and resolved by the board of directors of The Sailor Pen on February 2, 2021. The transaction is expected close on February 8, 2021.