Komori
Earnings7956PIGEON CORPORATIONInformation and Communications, Services and Others

Financial Results Summary for the Second Quarter (Interim Period) of the Fiscal Year Ending December 2026 [Japanese GAAP] (Consolidated)

For the interim period of the fiscal year ending December 2026, net sales increased 9.8% year on year and operating income increased 17.9%, resulting in higher sales and higher profit. The full-year earnings forecast and annual dividend forecast remain unchanged.

Worth reading
48Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
9.8
% (year-on-year increase in revenue)
Wording
Conditional
How definitive the wording is.

Results for this period

Interim period (second quarter)1 January 2026–30 June 2026ConsolidatedJapanese GAAP
Net Sales58,977¥ millionYear on year +9.8%Progress 52.0%
Operating profit7,878¥ millionYear on year +17.9%Progress 56.7%
Ordinary income7,986¥ millionYear on year +16.2%Progress 56.4%
Net income attributable to owners of the parent5,221¥ millionYear on year +12.9%Progress 57.1%

The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.

Net income per share¥43.66
Financial position at period-end
Total assets115,267¥ million
of which net assets 88,333 ¥ millionEquity ratio 74.1%vs. prior year-end -1.2pt

塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.

Cash inflows and outflows
Operating+3,146
Investment-1,902
Financials-5,542
Net change-4,298

Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.

Cash and cash equivalents at end of period¥36,271 million
Segment revenue
Japan Business19,78031.2%+7.1%
China Business24,07238.0%+13.2%
Singapore business7,28711.5%+1.2%
Americas and Europe business12,23919.3%+15.3%
Segment profit
Japan Business1,74417.7%+57.5%
China Business6,13662.2%+7.7%
Singapore business1,05910.7%-4.9%
Americas and Europe business9289.4%+90.9%
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥113,500 million (YoY +4.0%)
Operating profit¥13,900 million (YoY +5.6%)
Ordinary income¥14,150 million (YoY +3.4%)
Net income¥9,140 million (YoY +6.7%)
Annual Dividend Forecast¥76 → ¥76(0.0%)
Factors Behind Changes in Business Performance

Sales increased as high-value-added products such as childcare appliances, baby food and skincare products in the Japan business, and core products such as nursing bottles and nipples in the overseas businesses, performed well or remained firm. The increase in gross profit from higher sales and the improvement in the gross profit margin offset the increase in selling, general and administrative expenses associated with growth investments and other factors.

Disclosure regarding the going concern assumption

None. The notes regarding the going concern assumption state, “There are no applicable matters.”

Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥20 million / Extraordinary loss Loss on sale of fixed assets ¥1 million, Loss on Disposal of Fixed Assets ¥21 million, Business restructuring loss ¥89 million
Depreciation and amortization¥2,395 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable Yes / Subject person Analysts and institutional investors
Issued Shares at Period-End121,653,486 Shares
Treasury Shares at Period-End2,201,138 Shares
Results for this period
ItemDetails
Fiscal Period ClassificationInterim period (second quarter)
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 January 2026–30 June 2026
Net Sales¥58,977 million (YoY +9.8%)
Operating profit¥7,878 million (YoY +17.9%)
Ordinary income¥7,986 million (YoY +16.2%)
Profit attributable to owners of the parent¥5,221 million (YoY +12.9%)
Net income per share¥43.66
Equity ratioEnd of the current fiscal period 74.1 / End of previous period 75.3
Total assets¥115,267 million
Net assets¥88,333 million
Cash flows from operating activities¥3,146 million
Cash flows from investing activities¥-1,902 million
Cash flows from financing activities¥-5,542 million
Cash and cash equivalents at end of period¥36,271 million
Full-year earnings forecastNet Sales ¥113,500 million (YoY +4.0%) / Operating profit ¥13,900 million (YoY +5.6%) / Ordinary income ¥14,150 million (YoY +3.4%) / Net income ¥9,140 million (YoY +6.7%)
Annual Dividend Forecast¥76 → ¥76(0.0%)
Segment revenueJapan Business ¥19,780 million (YoY +7.1%) / China Business ¥24,072 million (YoY +13.2%) / Singapore business ¥7,287 million (YoY +1.2%) / Americas and Europe business ¥12,239 million (YoY +15.3%)
Segment profitJapan Business ¥1,744 million (YoY +57.5%) / China Business ¥6,136 million (YoY +7.7%) / Singapore business ¥1,059 million (YoY -4.9%) / Americas and Europe business ¥928 million (YoY +90.9%)
Depreciation and amortization¥2,395 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥20 million / Extraordinary loss Loss on sale of fixed assets ¥1 million, Loss on Disposal of Fixed Assets ¥21 million, Business restructuring loss ¥89 million
Disclosure regarding the going concern assumptionNone. The notes regarding the going concern assumption state, “There are no applicable matters.”
Change in accounting policyChanges due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No
Changes in the scope of consolidationNew Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable Yes / Subject person Analysts and institutional investors
Issued Shares at Period-End121,653,486 Shares
Treasury Shares at Period-End2,201,138 Shares
Factors Behind Changes in Business PerformanceSales increased as high-value-added products such as childcare appliances, baby food and skincare products in the Japan business, and core products such as nursing bottles and nipples in the overseas businesses, performed well or remained firm. The increase in gross profit from higher sales and the improvement in the gross profit margin offset the increase in selling, general and administrative expenses associated with growth investments and other factors.
Items this document does not state (8)
Operating MarginRevision to Earnings ForecastPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogImpairment lossMaterial subsequent events

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

Sales increased across all businesses because high-value-added products, including childcare appliances, baby food and skincare products, performed well in the Japan business, while core products such as nursing bottles and nipples remained firm in overseas businesses, led by the China business. In terms of profit, the increase in gross profit from higher sales and the improvement in the gross profit margin offset the increase in selling, general and administrative expenses associated with growth investments and other factors.

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Financial Results Summary for the Second Quarter (Interim Period) of the Fiscal Year Ending December 2026 [Japanese GAAP] (Consolidated) | PIGEON CORPORATION (7956) timely disclosure | Komori