How a Japanese Pen Maker Anticipated the Writing-Tool Renaissance

In the face of the existential threat of email, Nakaya, based in Tokyo, doubled down on quality.
Nakaya decorated its Dorsal Fin Version 2 fountain pen ($5,000) with a motif of Hanuman, a Hindu deity.

Nakaya decorated its Dorsal Fin Version 2 fountain pen ($5,000) with a motif of Hanuman, a Hindu deity.

Photographer: Keirnan Monaghan for Bloomberg Businessweek; Prop stylist: Theo Vamvounakis

Here’s a fact you have to write down to believe: Over the past 10 years, during which the world has adopted smartphones and social media, sales of fountain pens have risen.

Retail sales, in particular, have grown consistently. In 2016 they were up 2.1 percent from the year before, making fountain pens a $1 billion market, according to a report by Euromonitor International. To compare, the overall market for personal luxury goods—watches, handbags, cars—was stagnant over the same period, suggesting that a good pen is a better investment than the bespoke suit in which it’s stowed.