Pigeon is forecast to grow earnings and revenue by 9.7% and 4.3% per annum respectively. EPS is expected to grow by 9.6% per annum. Return on equity is forecast to be 13.7% in 3 years.
Key information
9.7%
Earnings growth rate
9.57%
EPS growth rate
Household Products earnings growth
0.5%
Revenue growth rate
4.3%
Future return on equity
13.67%
Analyst coverage
Good
Last updated
23 Jun 2026
Recent future growth updates
Recent updates
Earnings and Revenue Growth Forecasts
DB:9N3 - Analysts future estimates and past financials data (JPY Millions)
Date
Revenue
Earnings
Free Cash Flow
Cash from Op
Avg. No. Analysts
12/31/2028
126,888
11,782
11,166
N/A
9
12/31/2027
122,628
10,747
10,161
N/A
10
12/31/2026
117,714
9,515
10,060
N/A
10
3/31/2026
111,650
8,548
N/A
N/A
N/A
12/31/2025
109,170
8,570
9,916
13,058
N/A
9/30/2025
108,660
9,980
N/A
N/A
N/A
6/30/2025
106,592
9,421
11,205
14,077
N/A
3/31/2025
105,649
8,796
N/A
N/A
N/A
12/31/2024
104,171
8,371
12,031
14,281
N/A
9/30/2024
97,556
5,568
N/A
N/A
N/A
6/30/2024
97,772
6,431
10,010
13,336
N/A
3/31/2024
94,597
6,891
N/A
N/A
N/A
12/31/2023
94,461
7,423
8,873
14,523
N/A
9/30/2023
97,156
8,914
N/A
N/A
N/A
6/30/2023
97,631
9,157
6,640
12,862
N/A
3/31/2023
96,820
8,402
N/A
N/A
N/A
12/31/2022
94,921
8,581
7,646
13,210
N/A
9/30/2022
94,361
8,548
N/A
N/A
N/A
6/30/2022
91,095
7,690
6,729
13,450
N/A
3/31/2022
93,435
9,394
N/A
N/A
N/A
12/31/2021
93,080
8,785
5,000
10,893
N/A
9/30/2021
94,968
8,463
N/A
N/A
N/A
6/30/2021
98,226
9,873
9,372
13,377
N/A
3/31/2021
97,903
9,782
N/A
N/A
N/A
12/31/2020
99,380
10,643
14,577
18,400
N/A
12/31/2019
108,468
12,203
N/A
15,380
N/A
10/31/2019
102,881
11,563
N/A
N/A
N/A
7/31/2019
104,419
12,694
N/A
14,621
N/A
4/30/2019
104,407
13,526
N/A
N/A
N/A
1/31/2019
104,747
14,238
N/A
13,632
N/A
10/31/2018
106,607
16,324
N/A
N/A
N/A
7/31/2018
106,362
16,131
N/A
15,724
N/A
4/30/2018
104,384
14,894
N/A
N/A
N/A
1/31/2018
102,563
14,515
N/A
17,094
N/A
10/31/2017
100,184
12,986
N/A
N/A
N/A
7/31/2017
97,386
12,066
N/A
14,412
N/A
4/30/2017
95,871
12,109
N/A
N/A
N/A
1/31/2017
94,640
11,118
N/A
14,810
N/A
10/31/2016
93,696
10,974
N/A
N/A
N/A
7/31/2016
91,989
10,460
N/A
14,226
N/A
4/30/2016
93,146
10,210
N/A
N/A
N/A
1/31/2016
92,209
10,197
N/A
13,479
N/A
10/31/2015
91,265
9,863
N/A
N/A
N/A
7/31/2015
91,406
9,659
N/A
12,902
N/A
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 9N3's forecast earnings growth (9.7% per year) is above the savings rate (1.9%).
Earnings vs Market: 9N3's earnings (9.7% per year) are forecast to grow slower than the German market (17% per year).
High Growth Earnings: 9N3's earnings are forecast to grow, but not significantly.
Revenue vs Market: 9N3's revenue (4.3% per year) is forecast to grow slower than the German market (6.7% per year).
High Growth Revenue: 9N3's revenue (4.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 9N3's Return on Equity is forecast to be low in 3 years time (13.7%).
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Company Analysis and Financial Data Status
Data
Last Updated (UTC time)
Company Analysis
2026/07/10 23:57
End of Day Share Price
2026/07/10 00:00
Earnings
2026/03/31
Annual Earnings
2025/12/31
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
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Industry and Sector Metrics
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Analyst Sources
Pigeon Corporation is covered by 24 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.