Japanese enterprise spends 4,700 billion VND to acquire Thien Long ballpoint pen

Kokuyo Group (Japan) has just announced that it will acquire Thien Long Group Joint Stock Company (TLG), the largest stationery manufacturer in Vietnam, through two transactions including buying shares and public offering.

The transaction is expected to be divided into two parts. Kokuyo will buy all shares of Thien Long An Thinh Company (TLAT) - the unit holding 46.82% of Thien Long shares, owned by Thien Long founder and his associates.

Japanese enterprise plans to spend 4,500 billion VND to acquire Thien Long ballpoint pen.

The second transaction immediately after that was a public offer to purchase common shares from Thien Long shareholders at a rate of 18.19%.

If successful, this Japanese company will hold 65.01% of shares, officially turning Thien Long into a subsidiary of Kokuyo.

The estimated value of the deal is up to 27.6 billion yen, equivalent to 4,700 billion VND. Kokuyo said it will use its own capital to pay.

The TLAT acquisition is scheduled to be completed in August 2026, with the public offering taking place between October and November 2026, subject to regulatory approval. Kokuyo said the deal will not have a significant impact on its 2025 results and will update the information as new developments arise.

Kokuyo's announcement also said the group has signed an agreement with the founder and associates on the acquisition of TLAT shares and a public offering.

Thien Long is the largest stationery manufacturer in Vietnam today, established in 1981.

Thien Long's two affiliated companies, Phuong Nam Cultural JSC and PEGA Holdings JSC, are not included in this acquisition.

According to Kokuyo, TLG owns a significant market share in Vietnam's writing instrument market, has good product development, a strong production and trade system, and a strong regional sales network in the ASEAN region.

The acquisition of TLG is part of Kokuyo’s goal of becoming Asia’s leading stationery company by 2030, accelerating the global expansion of its Campus brand. Kokuyo also expects to make ASEAN its fourth core market alongside Japan, China and India.

Thien Long has issued a statement on this issue. Accordingly, TLG said that the shareholders of TLAT, the unit owning 46.82% of TLG's charter capital, are in the process of negotiating, agreeing and signing a tentative transaction with Kokuyo to transfer all of TLAT's shares.

“Information related to the expected transaction depends on the next steps between the parties and will be carefully received and updated by the company, based on official announcements from major shareholder TLAT,” TLG's announcement said.

According to Thien Long, Kokuyo is a corporation with a history of more than 100 years, with a solid position in the world market in the field of stationery and business solutions. This is also the partner that TLG has cooperated with to carry out contracts for processing products according to requirements and designs in recent times.

This company not only operates in Japan, but has expanded to many Asian countries such as China, Thailand, Vietnam, Indonesia, Malaysia, Singapore...

Founder of Thien Long ballpoint pen company Co Gia Tho.

Thien Long Group Joint Stock Company is listed on the Ho Chi Minh City Stock Exchange (HoSE) with stock code TLG.

At the end of the trading session on December 4, TLG shares were priced at VND64,200/share. The corresponding market capitalization reached more than VND5,600 billion.

In the first 9 months of 2025, Thien Long recorded net revenue of more than VND 3,225 billion, an increase of 10.7% over the same period last year. However, profit after tax decreased by 10.7% over the same period, reaching nearly VND 376 billion. The company has achieved 77% of the revenue target and 84% of the profit target.

Thien Long's Board of Directors recently agreed to select December 12, 2025 as the final registration date to finalize the list of shareholders entitled to receive dividends. This payment plan includes both stocks and cash.

The expected payment date is December 26, 2025. It is estimated that the company will spend about VND 87.8 billion in cash to fulfill its obligations to shareholders in this period.

Thien Long, established in 1981, is the leading stationery company in Vietnam with more than 1,000 products under brands such as Thien Long, FlexOffice, Colokit and Flexio. The company's products are exported to more than 74 countries.
Starting from a family production facility, Mr. Co Gia Tho, current Chairman of the Board of Directors of Thien Long, has gradually built Thien Long into the number 1 stationery group in Vietnam. Currently, Mr. Tho holds 6.27% of the capital of Thien Long Ballpoint Pen.
Thien Long An Thinh Investment Joint Stock Company is currently the largest shareholder, owning 46.82% of the company's charter capital. This is also the company whose legal representative is Mr. Co Gia Tho, Chairman of the Board of Directors and General Director.

Ha Linh

Source: https://vtcnews.vn/doanh-nghiep-nhat-chi-4-700-ty-dong-thau-tom-but-bi-thien-long-ar991146.html