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Revision to earnings forecasts7956PIGEON CORPORATIONInformation and Communications, Services and Others

Notice Regarding Revisions to Earnings Forecasts

The consolidated full-year forecasts for the fiscal year ending December 2026 were revised upward. Revenue, operating profit, ordinary profit and profit attributable to owners of the parent were all raised, while the dividend forecast remains unchanged.

Worth reading
63In focus
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
9.5
% (change in ordinary profit)
Wording
Avoiding a definitive answer
How definitive the wording is.

Revised forecast

Fiscal year ending December 2026 · Full yearPrevious forecast published 13 February 2026
Net Sales113,500→118,400million
+4.3%
Operating profit13,900→14,800million
+6.5%
Ordinary income14,150→15,500million
+9.5%
Profit attributable to owners of the parent9,140→9,800million
+7.2%
Net income per share—→—Yen
—

The bar length represents the relative magnitude of change, based on the item that changed the most in this document.

Reason for the revision

All businesses reported higher revenue during the cumulative third-quarter period, and profitability improved through growth in high-value-added products, price management and rigorous assessment of various cost benefits. For the fourth quarter, the company expects a pullback from some front-loaded demand in the Japan and China businesses, higher costs resulting from raw material trends and the situation in the Middle East, and investments to strengthen its business foundations, while judging that favorable business momentum will continue.

Previous-period resultsFiscal year ended December 2025: revenue ¥109,170 million, operating profit ¥13,158 million, ordinary profit ¥13,681 million, profit attributable to owners of the parent ¥8,570 million, earnings per share ¥71.65
Dividend forecast revisionUnchanged from ¥76 per share announced on 13 February 2026
Consolidated / non-consolidatedConsolidated
Revised forecast
ItemDetails
Net Sales¥113,500 million → ¥118,400 million(+4.3%)
Operating profit¥13,900 million → ¥14,800 million(+6.5%)
Ordinary income¥14,150 million → ¥15,500 million(+9.5%)
Profit attributable to owners of the parent¥9,140 million → ¥9,800 million(+7.2%)
Net income per share¥76.41 → ¥81.98
Fiscal Period CoveredFiscal year ending December 2026
Period CoveredFull year
Publication date of previous forecast13 February 2026
Previous-period resultsFiscal year ended December 2025: revenue ¥109,170 million, operating profit ¥13,158 million, ordinary profit ¥13,681 million, profit attributable to owners of the parent ¥8,570 million, earnings per share ¥71.65
Reason for the revisionAll businesses reported higher revenue during the cumulative third-quarter period, and profitability improved through growth in high-value-added products, price management and rigorous assessment of various cost benefits. For the fourth quarter, the company expects a pullback from some front-loaded demand in the Japan and China businesses, higher costs resulting from raw material trends and the situation in the Middle East, and investments to strengthen its business foundations, while judging that favorable business momentum will continue.
Dividend forecast revisionUnchanged from ¥76 per share announced on 13 February 2026
Consolidated / non-consolidatedConsolidated
Items this document does not state (1)
Details and amount of extraordinary loss

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.

All businesses reported higher revenue for the cumulative third quarter, and profitability improved through growth in high-value-added products, price management and rigorous assessment of cost benefits. For the fourth quarter, the company expects a pullback from front-loaded demand, higher costs resulting from raw material trends and the situation in the Middle East, and expenses to strengthen its business foundations for growth, while judging that favorable business momentum will continue.

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Notice Regarding Revisions to Earnings Forecasts | PIGEON CORPORATION (7956) timely disclosure | Komori