Reported Earnings • Aug 07
Second quarter 2026 earnings: EPS and revenues exceed analyst expectations Second quarter 2026 results: EPS: JP¥24.36 (up from JP¥19.17 in 2Q 2025). Revenue: JP¥31.3b (up 9.7% from 2Q 2025). Net income: JP¥2.91b (up 27% from 2Q 2025). Profit margin: 9.3% (up from 8.0% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 4.0%. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Household Products industry in Japan. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 5% per year. Annonce • Jul 07
Pigeon Corporation to Report Q2, 2026 Results on Aug 06, 2026 Pigeon Corporation announced that they will report Q2, 2026 results on Aug 06, 2026 Upcoming Dividend • Jun 22
Upcoming dividend of JP¥38.00 per share Eligible shareholders must have bought the stock before 29 June 2026. Payment date: 08 September 2026. The company is paying out more than 100% of its profits and is paying out 92% of its cash flow. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.9%). Higher than average of industry peers (2.5%). Reported Earnings • May 17
First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2026 results: EPS: JP¥19.30 (down from JP¥19.49 in 1Q 2025). Revenue: JP¥27.7b (up 9.8% from 1Q 2025). Net income: JP¥2.31b (flat on 1Q 2025). Profit margin: 8.3% (down from 9.2% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 6.1%. Earnings per share (EPS) missed analyst estimates by 34%. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Household Products industry in Japan. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Annonce • May 09
Pigeon Corporation to Report Q1, 2026 Results on May 14, 2026 Pigeon Corporation announced that they will report Q1, 2026 results on May 14, 2026 Declared Dividend • Apr 11
Final dividend of JP¥38.00 announced Dividend of JP¥38.00 is the same as last year. Ex-date: 29th June 2026 Payment date: 8th September 2026 Dividend yield will be 4.5%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is not covered by earnings (106% earnings payout ratio) nor is it adequately covered by cash flows (92% cash payout ratio). The dividend has increased by an average of 7.8% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 18% to bring the payout ratio under control. EPS is expected to grow by 23% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Annonce • Mar 18
Pigeon Corporation Launches Nurture & Nest Baby Bottle Collection At Target Nationwide Pigeon, a trusted global leader in premium precision-engineered baby feeding solutions, announced the launch of the 'Nurture & Nest' collection in Target stores nationwide and on Target.com. Backed by more than 60 years of research and design innovation, the collection supports babies and parents from day one with expertly crafted bottles and nipples, now available in Target locations across the U.S. Pigeon's breastfeeding research, conducted from 2010 to 2020, involved approximately 1,000 cases cooperating with babies and mothers to continuously improve feeding solutions. This dedication has earned numerous international accolades, including the National Parenting Product Award, IF Design Award, Good Design Award, and the Top Influential Brand Award in Asia. Pigeon is also the best-selling baby bottle brand in numerous countries and regions worldwide, including Japan, Singapore, and China. The 'Nurture & Nest' collection reflects the brand's commitment to advancing infant care through extensive research, customer feedback, and hospital collaborations, delivering safe, thoughtfully designed solutions families can trust. Pigeon's 'Nurture & Nest' nursing bottles build on decades of research into babies' sucking behavior, including latching on, sucking behavior, and swallowing. Crafted to adapt to each stage of babies' development and pursue to design nursing bottles in which babies can suck as they do in breastfeeding, resulting in no interference with breastfeeding continuity. Each bottle features: A soft nipple that enables smooth tongue movement. Newly developed silicone rubber has brought the nipple one step closer to the softness of a mother's nipple. A nipple with a latch-on line and gradual slope to encourage a deep, comfortable latch. Pigeon offers five nipple stages to support your baby's feeding development from newborn to toddler. A slow, natural flow with an advanced anti-colic air vent system to minimize swallowed air and discomfort. A wide neck designed for easy holding and cleaning. Target's assortment includes borosilicate glass bottles and premium BPA- and BPS-free PPSU bottles, paired with silicone nipples as well as replacement nipple packs. The 'Nurture & Nest' collection is now available in Target stores and on Target.com in single and twin packs, ranging from $17.99–$35.99 MSRP. Reported Earnings • Feb 14
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: JP¥71.64 (up from JP¥70.00 in FY 2024). Revenue: JP¥109.2b (up 4.8% from FY 2024). Net income: JP¥8.57b (up 2.4% from FY 2024). Profit margin: 7.9% (down from 8.0% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.1%. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Household Products industry in Japan. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Annonce • Jan 27
Pigeon Corporation to Report Fiscal Year 2025 Results on Feb 13, 2026 Pigeon Corporation announced that they will report fiscal year 2025 results on Feb 13, 2026 Upcoming Dividend • Dec 22
Upcoming dividend of JP¥38.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 30 March 2026. Payout ratio and cash payout ratio are on the higher end at 91% and 81% respectively. Trailing yield: 4.7%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.2%). Reported Earnings • Nov 08
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: JP¥20.15 (up from JP¥15.49 in 3Q 2024). Revenue: JP¥26.8b (up 8.4% from 3Q 2024). Net income: JP¥2.41b (up 30% from 3Q 2024). Profit margin: 9.0% (up from 7.5% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) also surpassed analyst estimates by 35%. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Household Products industry in Japan. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Oct 29
Now 21% undervalued Over the last 90 days, the stock has risen 3.5% to JP¥1,729. The fair value is estimated to be JP¥2,178, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 3.5% per annum. Earnings are also forecast to grow by 3.9% per annum over the same time period. Annonce • Oct 02
Pigeon Corporation to Report Q3, 2025 Results on Nov 06, 2025 Pigeon Corporation announced that they will report Q3, 2025 results on Nov 06, 2025 Buy Or Sell Opportunity • Oct 01
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.2% to JP¥1,743. The fair value is estimated to be JP¥2,178, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 3.5% per annum. Earnings are also forecast to grow by 3.9% per annum over the same time period. Declared Dividend • Sep 09
First half dividend of JP¥38.00 announced Dividend of JP¥38.00 is the same as last year. Ex-date: 29th December 2025 Payment date: 30th March 2026 Dividend yield will be 4.1%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is not adequately covered by earnings (96% earnings payout ratio). However, it is covered by cash flows (81% cash payout ratio). The dividend has increased by an average of 8.9% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 7.2% to bring the payout ratio under control. EPS is expected to grow by 12% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Buy Or Sell Opportunity • Aug 15
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.5% to JP¥1,757. The fair value is estimated to be JP¥2,205, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 3.9% per annum. Earnings are also forecast to grow by 3.1% per annum over the same time period. Reported Earnings • Aug 08
Second quarter 2025 earnings: EPS misses analyst expectations Second quarter 2025 results: EPS: JP¥19.17 (up from JP¥13.95 in 2Q 2024). Revenue: JP¥28.5b (up 3.4% from 2Q 2024). Net income: JP¥2.29b (up 38% from 2Q 2024). Profit margin: 8.0% (up from 6.1% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.8%. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Household Products industry in Japan. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 5% per year. Buy Or Sell Opportunity • Jul 02
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.0% to JP¥1,746. The fair value is estimated to be JP¥2,204, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.5% over the last 3 years. Earnings per share has declined by 6.4%. For the next 3 years, revenue is forecast to grow by 3.9% per annum. Earnings are also forecast to grow by 4.1% per annum over the same time period. Annonce • Jun 24
Pigeon Corporation to Report Q2, 2025 Results on Aug 07, 2025 Pigeon Corporation announced that they will report Q2, 2025 results on Aug 07, 2025 Upcoming Dividend • Jun 20
Upcoming dividend of JP¥38.00 per share Eligible shareholders must have bought the stock before 27 June 2025. Payment date: 03 September 2025. The company is paying out more than 100% of its profits and is paying out 76% of its cash flow. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (4.0%). Higher than average of industry peers (2.0%). Reported Earnings • May 14
First quarter 2025 earnings: EPS exceeds analyst expectations First quarter 2025 results: EPS: JP¥19.49 (up from JP¥15.94 in 1Q 2024). Revenue: JP¥25.2b (up 6.2% from 1Q 2024). Net income: JP¥2.33b (up 22% from 1Q 2024). Profit margin: 9.2% (up from 8.0% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 15%. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Household Products industry in Japan. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 4% per year. Declared Dividend • Apr 11
Final dividend of JP¥38.00 announced Shareholders will receive a dividend of JP¥38.00. Ex-date: 27th June 2025 Payment date: 3rd September 2025 Dividend yield will be 4.4%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is not covered by earnings (163% earnings payout ratio). However, it is covered by cash flows (76% cash payout ratio). The dividend has increased by an average of 9.7% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 81% to bring the payout ratio under control. EPS is expected to grow by 17% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Annonce • Apr 09
Pigeon Corporation to Report Q1, 2026 Results on May 13, 2025 Pigeon Corporation announced that they will report Q1, 2026 results on May 13, 2025 Buy Or Sell Opportunity • Apr 04
Now 21% undervalued Over the last 90 days, the stock has risen 18% to JP¥1,725. The fair value is estimated to be JP¥2,184, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.6% over the last 3 years. Earnings per share has declined by 9.1%. For the next 3 years, revenue is forecast to grow by 4.6% per annum. Earnings are also forecast to grow by 5.3% per annum over the same time period. Price Target Changed • Mar 25
Price target increased by 7.2% to JP¥1,716 Up from JP¥1,600, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of JP¥1,772. Stock is up 21% over the past year. The company is forecast to post earnings per share of JP¥71.72 for next year compared to JP¥70.00 last year. Reported Earnings • Feb 16
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: JP¥70.00 (up from JP¥62.06 in FY 2023). Revenue: JP¥104.2b (up 10% from FY 2023). Net income: JP¥8.37b (up 13% from FY 2023). Profit margin: 8.0% (up from 7.9% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Household Products industry in Japan. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 14% per year. Annonce • Feb 14
Pigeon Corporation, Annual General Meeting, Mar 27, 2025 Pigeon Corporation, Annual General Meeting, Mar 27, 2025. Upcoming Dividend • Dec 20
Upcoming dividend of JP¥38.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 28 March 2025. The company is paying out more than 100% of its profits and is paying out 91% of its cash flow. Trailing yield: 5.2%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.5%). Buy Or Sell Opportunity • Dec 06
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.0% to JP¥1,486. The fair value is estimated to be JP¥1,858, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 11%. For the next 3 years, revenue is forecast to grow by 4.3% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Annonce • Dec 03
Pigeon Corporation to Report Fiscal Year 2024 Results on Feb 14, 2025 Pigeon Corporation announced that they will report fiscal year 2024 results on Feb 14, 2025 Reported Earnings • Nov 09
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: JP¥15.49 (down from JP¥22.70 in 3Q 2023). Revenue: JP¥24.7b (flat on 3Q 2023). Net income: JP¥1.85b (down 32% from 3Q 2023). Profit margin: 7.5% (down from 11% in 3Q 2023). Revenue missed analyst estimates by 8.3%. Earnings per share (EPS) also missed analyst estimates by 20%. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Household Products industry in Japan. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings. New Risk • Nov 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 141% Cash payout ratio: 136% Minor Risk Share price has been volatile over the past 3 months (5.8% average weekly change). Buy Or Sell Opportunity • Nov 08
Now 23% undervalued Over the last 90 days, the stock has risen 6.7% to JP¥1,448. The fair value is estimated to be JP¥1,882, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 8.6%. For the next 3 years, revenue is forecast to grow by 4.1% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Annonce • Sep 23
Pigeon Corporation(TSE:7956) dropped from FTSE All-World Index (USD) Pigeon Corporation(TSE:7956) dropped from FTSE All-World Index (USD) Reported Earnings • Aug 20
Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2024 results: EPS: JP¥13.95 (down from JP¥17.79 in 2Q 2023). Revenue: JP¥27.6b (up 13% from 2Q 2023). Net income: JP¥1.67b (down 22% from 2Q 2023). Profit margin: 6.1% (down from 8.7% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 6.0%. Earnings per share (EPS) missed analyst estimates by 19%. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Household Products industry in Japan. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings. Declared Dividend • Aug 16
Dividend of JP¥38.00 announced Shareholders will receive a dividend of JP¥38.00. Ex-date: 27th December 2024 Payment date: 28th March 2025 Dividend yield will be 4.9%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is not covered by earnings (132% earnings payout ratio) nor is it covered by cash flows (102% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 47% to bring the payout ratio under control. EPS is expected to grow by 23% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥1,553, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 21x in the Household Products industry in Japan. Total loss to shareholders of 46% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,847 per share. Buy Or Sell Opportunity • Aug 02
Now 20% undervalued Over the last 90 days, the stock has risen 1.3% to JP¥1,465. The fair value is estimated to be JP¥1,838, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 7.1%. For the next 3 years, revenue is forecast to grow by 4.3% per annum. Earnings are also forecast to grow by 7.1% per annum over the same time period. Annonce • Jul 10
Pigeon Corporation to Report Q2, 2024 Results on Aug 08, 2024 Pigeon Corporation announced that they will report Q2, 2024 results at 3:00 PM, Tokyo Standard Time on Aug 08, 2024 Reported Earnings • May 18
First quarter 2024 earnings: EPS misses analyst expectations First quarter 2024 results: EPS: JP¥15.94 (down from JP¥20.38 in 1Q 2023). Revenue: JP¥23.7b (flat on 1Q 2023). Net income: JP¥1.91b (down 22% from 1Q 2023). Profit margin: 8.0% (down from 10% in 1Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.6%. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Household Products industry in Japan. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings. Price Target Changed • May 02
Price target decreased by 9.8% to JP¥1,634 Down from JP¥1,811, the current price target is an average from 7 analysts. New target price is 13% above last closing price of JP¥1,446. Stock is down 32% over the past year. The company is forecast to post earnings per share of JP¥66.48 for next year compared to JP¥62.06 last year. Annonce • Apr 17
Pigeon Corporation to Report Q1, 2024 Results on May 14, 2024 Pigeon Corporation announced that they will report Q1, 2024 results at 3:00 PM, Tokyo Standard Time on May 14, 2024 Declared Dividend • Apr 11
Final dividend of JP¥38.00 announced Shareholders will receive a dividend of JP¥38.00. Ex-date: 27th June 2024 Payment date: 4th September 2024 Dividend yield will be 5.3%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is not covered by earnings (102% earnings payout ratio) nor is it covered by cash flows (102% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 13% to bring the payout ratio under control. EPS is expected to grow by 25% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Annonce • Mar 17
Pigeon Corporation to Report Q3, 2024 Results on Nov 07, 2024 Pigeon Corporation announced that they will report Q3, 2024 results on Nov 07, 2024 Reported Earnings • Feb 18
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: JP¥62.06 (down from JP¥71.72 in FY 2022). Revenue: JP¥94.5b (flat on FY 2022). Net income: JP¥7.42b (down 14% from FY 2022). Profit margin: 7.9% (down from 9.0% in FY 2022). Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) also missed analyst estimates by 15%. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Household Products industry in Japan. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 28% per year, which means it is performing significantly worse than earnings. Annonce • Feb 18
Pigeon Corporation, Annual General Meeting, Mar 28, 2024 Pigeon Corporation, Annual General Meeting, Mar 28, 2024. Major Estimate Revision • Feb 16
Consensus EPS estimates fall by 10% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from JP¥79.77 to JP¥71.54 per share. Revenue forecast steady at JP¥101.6b. Net income forecast to shrink 3.4% next year vs 5.5% growth forecast for Household Products industry in Japan . Consensus price target down from JP¥1,904 to JP¥1,811. Share price fell 5.4% to JP¥1,512 over the past week. Price Target Changed • Feb 07
Price target decreased by 13% to JP¥1,904 Down from JP¥2,184, the current price target is an average from 9 analysts. New target price is 19% above last closing price of JP¥1,607. Stock is down 24% over the past year. The company is forecast to post earnings per share of JP¥73.10 for next year compared to JP¥71.72 last year. Upcoming Dividend • Dec 21
Upcoming dividend of JP¥38.00 per share at 4.7% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 01 April 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 4.7%. Within top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.2%). Annonce • Nov 30
Pigeon Corporation Unveils GoMini Plus Electric Breast Pump - Empowering On-The-Go Mums with Exclusive Rhythmic Expression Mode Pigeon announced the highly anticipated launch of its second-generation Go Mini Electric Breast Pump, the GoMini Plus. Tailor-made for modern, on-the-go mums, this ground-breaking innovation promises a pumping experience like never before. Made with love and backed by decades of breastfeeding research, the new GoMini Plus redefines convenience and comfort for breastfeeding mothers. Finding a suction pressure that is just right is essential for a smooth and comfortable pumping experience. decades of dedicated research and development in breastfeeding have borne fruit in the form of the GoMini Plus's Rhythmic Expression Mode that is unique to Pigeon. The GoMini Plus also comes with a silicone flange cushion for a snug fit around mothers' breasts. With today's fast-paced lifestyle, mothers need a reliable companion that supports their breastfeeding journey in any setting; the GoMiniPlus is the one that's there for mothers. Whether at home, in the office, or while travelling, this compact breast pump delivers a pleasant and efficient pumping experience. Coming in at just 148g or roughly 8 strawberries, the lightweight build of the Go Mini Plus makes it easy to slip into a purse or a baby bag and allows for one-hand operation of the pump. A new pause and resume function on the motor unit of the pump allows mums to have better control over their pump sessions. At Pigeon, supporting mothers on their breastfeeding journey goes beyond innovative products. Pigeon's extensive research has led to the development of Pump-Store-Feed-Care, which encompasses a system of Pigeon breast feeding devices and accessories that are essential for a seamless and comfortable breastfeeding experience. From efficient pumping with the GoMini Plus Electric Breast Pump, to storing precious breast milk safely in Pigeon Breast Milk Storage Bags, to effortlessly feeding their little ones with Pigeon SofTouch Nursing Bottles and caring for mother's breasts with Pigeon Nipple Care Cream or Pigeon Nipple Shield, Pigeon is dedicated to being every family's go-to partner for mother and baby needs. To apply the Pump-Store-Feed- Care system to the GoMini Plus, the breast pump comes with two of PigeonsofTouch PP Nursing Bottles, two pieces of sealing discs to use the bottles for breast milk storage and two sets of nipples, screw caps and hoods for immediate feeding. The Pigeon GoMini Plus Electric breast Pump and other breastfeeding-related products are available for purchase at major departmental stores, baby specialist stores, online marketplaces and Pigeon's E-Shop. Reported Earnings • Nov 09
Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2023 results: EPS: JP¥22.70 (down from JP¥24.72 in 3Q 2022). Revenue: JP¥24.9b (down 1.9% from 3Q 2022). Net income: JP¥2.72b (down 8.2% from 3Q 2022). Profit margin: 11% (in line with 3Q 2022). Revenue missed analyst estimates by 4.4%. Earnings per share (EPS) exceeded analyst estimates by 4.0%. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Household Products industry in Japan. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings. Price Target Changed • Nov 09
Price target increased by 9.6% to JP¥2,342 Up from JP¥2,136, the current price target is an average from 11 analysts. New target price is 45% above last closing price of JP¥1,615. Stock is down 16% over the past year. The company is forecast to post earnings per share of JP¥73.54 for next year compared to JP¥71.72 last year. Reported Earnings • Aug 10
Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2023 results: EPS: JP¥17.79 (up from JP¥11.48 in 2Q 2022). Revenue: JP¥24.4b (up 3.4% from 2Q 2022). Net income: JP¥2.13b (up 55% from 2Q 2022). Profit margin: 8.7% (up from 5.8% in 2Q 2022). Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) exceeded analyst estimates by 13%. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Household Products industry in Japan. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥38.00 per share at 3.7% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 05 September 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.1%). Reported Earnings • May 14
First quarter 2023 earnings: EPS and revenues exceed analyst expectations First quarter 2023 results: EPS: JP¥20.38 (down from JP¥21.87 in 1Q 2022). Revenue: JP¥23.6b (up 8.7% from 1Q 2022). Net income: JP¥2.44b (down 6.8% from 1Q 2022). Profit margin: 10% (down from 12% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) also surpassed analyst estimates by 20%. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Household Products industry in Japan. Board Change • Mar 17
High number of new directors Full-Time Auditor Koji Ishigami was the last director to join the board, commencing their role in 2022. Reported Earnings • Feb 17
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: JP¥71.72 (down from JP¥73.43 in FY 2021). Revenue: JP¥94.9b (up 2.0% from FY 2021). Net income: JP¥8.58b (down 2.3% from FY 2021). Profit margin: 9.0% (down from 9.4% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 1.5%. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Household Products industry in Japan. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 18% per year. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥38.00 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 31 March 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.1%). Price Target Changed • Dec 14
Price target decreased to JP¥2,165 Down from JP¥2,382, the current price target is an average from 11 analysts. New target price is approximately in line with last closing price of JP¥2,231. Stock is down 4.1% over the past year. The company is forecast to post earnings per share of JP¥72.55 for next year compared to JP¥73.43 last year. Reported Earnings • Nov 10
Third quarter 2022 earnings: EPS exceeds analyst expectations Third quarter 2022 results: EPS: JP¥24.72 (up from JP¥17.55 in 3Q 2021). Revenue: JP¥25.4b (up 15% from 3Q 2021). Net income: JP¥2.96b (up 41% from 3Q 2021). Profit margin: 12% (up from 9.5% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 31%. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Household Products industry in Japan. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 28% per year, which means it is performing significantly worse than earnings. Reported Earnings • Aug 11
Second quarter 2022 earnings: EPS and revenues miss analyst expectations Second quarter 2022 results: EPS: JP¥11.48 (down from JP¥25.72 in 2Q 2021). Revenue: JP¥23.6b (down 9.0% from 2Q 2021). Net income: JP¥1.37b (down 55% from 2Q 2021). Profit margin: 5.8% (down from 12% in 2Q 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) also missed analyst estimates by 12%. Over the next year, revenue is forecast to grow 9.9%, compared to a 6.1% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 18% per year. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥38.00 per share Eligible shareholders must have bought the stock before 29 June 2022. Payment date: 06 September 2022. Payout ratio is on the higher end at 94%, and the cash payout ratio is above 100%. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.3%). Reported Earnings • May 16
First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2022 results: EPS: JP¥21.87 (up from JP¥16.78 in 1Q 2021). Revenue: JP¥21.7b (up 1.7% from 1Q 2021). Net income: JP¥2.62b (up 30% from 1Q 2021). Profit margin: 12% (up from 9.4% in 1Q 2021). The increase in margin was primarily driven by higher revenue. Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) exceeded analyst estimates by 34%. Over the next year, revenue is forecast to grow 8.5%, compared to a 5.4% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings. Buying Opportunity • May 12
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 10%. The fair value is estimated to be JP¥2,588, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.0% over the last 3 years. Earnings per share has declined by 16%. For the next 3 years, revenue is forecast to grow by 5.4% per annum. Earnings is also forecast to grow by 8.1% per annum over the same time period. Buying Opportunity • Apr 15
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 13%. The fair value is estimated to be JP¥2,592, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.0% over the last 3 years. Earnings per share has declined by 16%. For the next 3 years, revenue is forecast to grow by 5.4% per annum. Earnings is also forecast to grow by 8.1% per annum over the same time period. Annonce • Apr 08
Pigeon Corporation to Report Q1, 2022 Results on May 12, 2022 Pigeon Corporation announced that they will report Q1, 2022 results on May 12, 2022 Annonce • Feb 17
Pigeon Corporation, Annual General Meeting, Mar 30, 2022 Pigeon Corporation, Annual General Meeting, Mar 30, 2022. Reported Earnings • Feb 17
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: JP¥73.43 (down from JP¥88.93 in FY 2020). Revenue: JP¥93.1b (down 6.3% from FY 2020). Net income: JP¥8.79b (down 18% from FY 2020). Profit margin: 9.4% (down from 11% in FY 2020). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) also missed analyst estimates by 5.1%. Over the next year, revenue is forecast to grow 9.8%, compared to a 5.0% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 21% per year. Buying Opportunity • Feb 03
Now 23% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be JP¥2,952, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.5% per annum over the last 3 years. Earnings per share has declined by 18% per annum over the last 3 years. 