Reported Earnings • May 12
First quarter 2026 earnings released: EPS: JP¥74.07 (vs JP¥48.16 in 1Q 2025) First quarter 2026 results: EPS: JP¥74.07 (up from JP¥48.16 in 1Q 2025). Revenue: JP¥31.5b (up 8.3% from 1Q 2025). Net income: JP¥2.68b (up 44% from 1Q 2025). Profit margin: 8.5% (up from 6.4% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Commercial Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 1% per year. Declared Dividend • Apr 11
Final dividend of JP¥63.00 announced Shareholders will receive a dividend of JP¥63.00. Ex-date: 29th June 2026 Payment date: 1st September 2026 Dividend yield will be 1.7%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (38% earnings payout ratio) and cash flows (86% cash payout ratio). The dividend has increased by an average of 33% 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. EPS is expected to grow by 40% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Board Change • Apr 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Outside Director Harunobu Terada was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Feb 20
Pilot Corporation (TSE:7846) announces an Equity Buyback for 2,119,000 shares, representing 5.69% for ¥10,600 million. Pilot Corporation (TSE:7846) announces a share repurchase program. Under the program, the company will repurchase up to 2,119,000 shares of its common stock, representing 5.69% of its outstanding shares for ¥10,600 million. he shares will be repurchased at a price of ¥ 4,845 per share. The purpose of the program is to further enhance shareholder returns and promote management that is conscious of the cost of capital and stock price, the Company has introduced progressive dividends and flexibly acquire treasury share to improve our capital structure and achieve a balance between efficiency and safety.. The program is valid till February 24, 2026. As of January 31, 2026, the company had 37,264,551 shares outstanding (excluding treasury stock) and 3,640,649 shares in treasury. Announcement • Feb 16
Pilot Corporation, Annual General Meeting, Mar 27, 2026 Pilot Corporation, Annual General Meeting, Mar 27, 2026. Reported Earnings • Feb 14
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: JP¥317 (down from JP¥389 in FY 2024). Revenue: JP¥126.4b (flat on FY 2024). Net income: JP¥12.1b (down 21% from FY 2024). Profit margin: 9.5% (down from 12% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 17%. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • Feb 14
Pilot Corporation Revises Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2027 Pilot Corporation revised consolidated earnings guidance for the fiscal year ending December 31, 2027. For the year, the company expects net sales to be JPY 139,000 million against initial target of JPY 145,000 million. Operating margin to be 15% or more against initial target of 16% or more. Reason for the revision: While the Company has been considering and advancing measures based on the current Medium-Term Management Plan, it has determined, in the light of the current business environment and actual results, that achieving the initially assumed level of sales growth will require additional time. Reflecting consolidated financial results for the fiscal year ended December 31, 2025, the Company has resolved to revise its financial targets under the current Medium-Term Management Plan to make them more feasible. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥60.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 31 March 2026. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.0%). Announcement • Dec 03
Pilot Corporation to Report Fiscal Year 2025 Results on Feb 13, 2026 Pilot Corporation announced that they will report fiscal year 2025 results on Feb 13, 2026 Reported Earnings • Nov 08
Third quarter 2025 earnings released: EPS: JP¥70.98 (vs JP¥75.30 in 3Q 2024) Third quarter 2025 results: EPS: JP¥70.98 (down from JP¥75.30 in 3Q 2024). Revenue: JP¥29.5b (flat on 3Q 2024). Net income: JP¥2.69b (down 8.2% from 3Q 2024). Profit margin: 9.1% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 1% per year. Announcement • Sep 05
Pilot Corporation to Report Q3, 2025 Results on Nov 06, 2025 Pilot Corporation announced that they will report Q3, 2025 results on Nov 06, 2025 Declared Dividend • Sep 02
First half dividend of JP¥60.00 announced Shareholders will receive a dividend of JP¥60.00. Ex-date: 29th December 2025 Payment date: 31st March 2026 Dividend yield will be 2.6%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (34% earnings payout ratio) and cash flows (51% cash payout ratio). The dividend has increased by an average of 28% 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. EPS is expected to grow by 26% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 08
Second quarter 2025 earnings released: EPS: JP¥151 (vs JP¥158 in 2Q 2024) Second quarter 2025 results: EPS: JP¥151 (down from JP¥158 in 2Q 2024). Revenue: JP¥35.8b (down 2.7% from 2Q 2024). Net income: JP¥5.80b (down 6.9% from 2Q 2024). Profit margin: 16% (in line with 2Q 2024). Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Commercial Services 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. Upcoming Dividend • Jun 20
Upcoming dividend of JP¥58.50 per share Eligible shareholders must have bought the stock before 27 June 2025. Payment date: 02 September 2025. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (4.0%). Higher than average of industry peers (2.2%). Announcement • Jun 04
Pilot Corporation to Report Q2, 2025 Results on Aug 07, 2025 Pilot Corporation announced that they will report Q2, 2025 results on Aug 07, 2025 Price Target Changed • May 30
Price target decreased by 7.7% to JP¥4,800 Down from JP¥5,200, the current price target is provided by 1 analyst. New target price is 20% above last closing price of JP¥4,002. Stock is down 8.7% over the past year. The company is forecast to post earnings per share of JP¥336 for next year compared to JP¥389 last year. Major Estimate Revision • May 30
Consensus EPS estimates fall by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from JP¥136.3b to JP¥126.6b. EPS estimate also fell from JP¥385 per share to JP¥336 per share. Net income forecast to shrink 9.0% next year vs 9.3% growth forecast for Commercial Services industry in Japan . Consensus price target down from JP¥5,200 to JP¥4,800. Share price was steady at JP¥4,002 over the past week. Reported Earnings • May 10
First quarter 2025 earnings released: EPS: JP¥48.16 (vs JP¥68.44 in 1Q 2024) First quarter 2025 results: EPS: JP¥48.16 (down from JP¥68.44 in 1Q 2024). Revenue: JP¥29.1b (up 1.1% from 1Q 2024). Net income: JP¥1.86b (down 31% from 1Q 2024). Profit margin: 6.4% (down from 9.4% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Commercial Services 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 7% per year. Declared Dividend • Apr 11
Final dividend increased to JP¥58.50 Dividend of JP¥58.50 is 10% higher than last year. Ex-date: 27th June 2025 Payment date: 2nd September 2025 Dividend yield will be 3.2%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (40% cash payout ratio). The dividend has increased by an average of 28% 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. EPS is expected to grow by 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Board Change • Apr 02
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Outside Director Masanobu Muramatsu was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Mar 25
Pilot Corporation to Report Q1, 2025 Results on May 09, 2025 Pilot Corporation announced that they will report Q1, 2025 results on May 09, 2025 Reported Earnings • Feb 16
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: JP¥389 (up from JP¥346 in FY 2023). Revenue: JP¥126.2b (up 6.4% from FY 2023). Net income: JP¥15.2b (up 11% from FY 2023). Profit margin: 12% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.7%. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Commercial Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 1% per year. Announcement • Jan 08
Pilot Corporation Announces Resignation of Dennis Burleigh as Senior Executive Officer Pilot Corporation announced resignation of Dennis Burleigh as Senior Executive Officer, effective December 31, 2024. Reason for resignation: Due to a change in the president of Pilot Corporation of America, the consolidated subsidiary. List of Executive Officers (January 1, 2025): Shu Itoh, Chairman; Fumio Fujisaki, President; Masakazu Shirakawa, Senior Managing Executive Officer; Toshio Araki, Managing Executive Officer; Kazuhiko Yokoyama- Senior Executive Officer; Katsuji Hatano, Senior Executive Officer; Takeshi Kodaira, Senior Executive Officer; Yoshio Wada, Senior Executive Officer; Hideo Yokoi, Executive Officer; Junichi Hojo, Executive Officer; Mashiho Kojo, Executive Officer; Masayuki Mizuumi, Executive Officer; Shinya Saimu, Executive Officer; Toshiyuki Kikawa, Executive Officer; Tomoo Koike, Executive Officer; Atsushi Hasegawa, Executive Officer; Harunobu Terada, Executive Officer. Announcement • Jan 03
Pilot Corporation to Report Fiscal Year 2024 Results on Feb 14, 2025 Pilot Corporation announced that they will report fiscal year 2024 results on Feb 14, 2025 Upcoming Dividend • Dec 20
Upcoming dividend of JP¥53.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 31 March 2025. Payout ratio is a comfortable 30% but the company is paying out more than the cash it is generating. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (2.1%). Reported Earnings • Nov 08
Third quarter 2024 earnings released: EPS: JP¥75.30 (vs JP¥54.42 in 3Q 2023) Third quarter 2024 results: EPS: JP¥75.30 (up from JP¥54.42 in 3Q 2023). Revenue: JP¥29.7b (up 11% from 3Q 2023). Net income: JP¥2.93b (up 36% from 3Q 2023). Profit margin: 9.9% (up from 8.0% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Commercial Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Sep 10
Pilot Corporation to Report Q3, 2024 Results on Nov 06, 2024 Pilot Corporation announced that they will report Q3, 2024 results on Nov 06, 2024 Declared Dividend • Aug 09
Dividend of JP¥53.00 announced Shareholders will receive a dividend of JP¥53.00. Ex-date: 27th December 2024 Payment date: 31st March 2025 Dividend yield will be 2.5%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (31% earnings payout ratio) but not covered by cash flows (465% cash payout ratio). The dividend has increased by an average of 27% 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 decline by 66% to shift the payout ratio to a potentially unsustainable range, which is more than the 1.9% EPS decline seen over the last 5 years. Announcement • Jun 25
Pilot Corporation Appoints Harunobu Terada as Executive Officer, Effective July 1, 2024 Pilot Corporation announced that, the Board of Directors meeting held on June 25, 2024, resolved to change the position of executive officer in order to accelerate the decision-making of the company and strengthen the supervisory function by enhancing the number of financial officers. Changes in Executive Officer: Harunobu Terada as Executive Officer. Date of appointment: July 1, 2024. Announcement • Jun 22
Pilot Corporation to Report Q2, 2024 Results on Aug 07, 2024 Pilot Corporation announced that they will report Q2, 2024 results on Aug 07, 2024 Reported Earnings • May 12
First quarter 2024 earnings released: EPS: JP¥68.44 (vs JP¥91.81 in 1Q 2023) First quarter 2024 results: EPS: JP¥68.44 (down from JP¥91.81 in 1Q 2023). Revenue: JP¥28.8b (up 5.1% from 1Q 2023). Net income: JP¥2.70b (down 26% from 1Q 2023). Profit margin: 9.4% (down from 13% in 1Q 2023). The decrease in margin was driven by higher expenses. 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 7% per year. Announcement • May 11
Pilot Corporation (TSE:7846) announces an Equity Buyback for 1,000,000 shares, representing 2.53% for ¥4,000 million. Pilot Corporation (TSE:7846) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares of its common stock, representing 2.53% of its outstanding shares for ¥ 4,000 million. The purpose of the program is improving corporate value and shareholder returns. The shares repurchased will be cancelled. The program is valid till October 31, 2024. As of March 31, 2024, the company had 39,449,434 shares outstanding (excluding treasury stock) and 2,364,966 shares in treasury. Declared Dividend • Apr 11
Final dividend of JP¥53.00 announced Shareholders will receive a dividend of JP¥53.00. Ex-date: 27th June 2024 Payment date: 2nd September 2024 Dividend yield will be 2.5%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (26% earnings payout ratio) but not covered by cash flows (444% cash payout ratio). The dividend has increased by an average of 26% 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 decline by 71% to shift the payout ratio to a potentially unsustainable range, which is more than the 1.3% EPS decline seen over the last 5 years. Announcement • Mar 27
Pilot Corporation to Report Q1, 2024 Results on May 10, 2024 Pilot Corporation announced that they will report Q1, 2024 results on May 10, 2024 Reported Earnings • Feb 14
Full year 2023 earnings released: EPS: JP¥346 (vs JP¥400 in FY 2022) Full year 2023 results: EPS: JP¥346 (down from JP¥400 in FY 2022). Revenue: JP¥118.6b (up 5.1% from FY 2022). Net income: JP¥13.7b (down 13% from FY 2022). Profit margin: 12% (down from 14% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Jan 08
Berkshire Hathaway Inc., Pilot Travel Centers LLC, and National Indemnity Company Reach Settlement with Pilot Corporation Berkshire Hathaway Inc. announced that it has reached an agreement to fully settle the Delaware litigation, including all claims and counterclaims, between Pilot Corporation and Berkshire Hathaway Inc., Pilot Travel Centers LLC, and National Indemnity Company. Announcement • Dec 23
Pilot Corporation to Report Fiscal Year 2023 Results on Feb 13, 2024 Pilot Corporation announced that they will report fiscal year 2023 results on Feb 13, 2024 Upcoming Dividend • Dec 21
Upcoming dividend of JP¥50.00 per share at 2.4% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 01 April 2024. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.9%). Announcement • Nov 08
Pilot Corporation (TSE:7846) agreed to acquire remaining 50% stake in PT Pilot Pen Indonesia from Pt Pilotindo Prima. Pilot Corporation (TSE:7846) agreed to acquire remaining 50% stake in PT Pilot Pen Indonesia from Pt Pilotindo Prima for November 7, 2023. As a result, PPI will become a wholly owned subsidiary. Reported Earnings • Nov 08
Third quarter 2023 earnings released: EPS: JP¥54.42 (vs JP¥79.72 in 3Q 2022) Third quarter 2023 results: EPS: JP¥54.42 (down from JP¥79.72 in 3Q 2022). Revenue: JP¥26.8b (flat on 3Q 2022). Net income: JP¥2.15b (down 32% from 3Q 2022). Profit margin: 8.0% (down from 12% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 12% per year. Announcement • Sep 06
Pilot Corporation to Report Q3, 2023 Results on Nov 07, 2023 Pilot Corporation announced that they will report Q3, 2023 results on Nov 07, 2023 Reported Earnings • Aug 08
Second quarter 2023 earnings released: EPS: JP¥158 (vs JP¥155 in 2Q 2022) Second quarter 2023 results: EPS: JP¥158 (up from JP¥155 in 2Q 2022). Revenue: JP¥34.0b (up 8.8% from 2Q 2022). Net income: JP¥6.22b (up 2.0% from 2Q 2022). Profit margin: 18% (down from 20% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 12% per year. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥50.00 per share at 2.2% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 01 September 2023. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.5%). In line with average of industry peers (2.0%). Announcement • Jun 04
Pilot Corporation to Report Q2, 2023 Results on Aug 07, 2023 Pilot Corporation announced that they will report Q2, 2023 results on Aug 07, 2023 Reported Earnings • May 12
First quarter 2023 earnings released: EPS: JP¥91.81 (vs JP¥85.26 in 1Q 2022) First quarter 2023 results: EPS: JP¥91.81 (up from JP¥85.26 in 1Q 2022). Revenue: JP¥27.4b (up 4.5% from 1Q 2022). Net income: JP¥3.62b (up 7.7% from 1Q 2022). Profit margin: 13% (in line with 1Q 2022). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 14
Full year 2022 earnings released: EPS: JP¥400 (vs JP¥362 in FY 2021) Full year 2022 results: EPS: JP¥400 (up from JP¥362 in FY 2021). Revenue: JP¥112.9b (up 9.5% from FY 2021). Net income: JP¥15.8b (up 11% from FY 2021). Profit margin: 14% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Feb 13
Pilot Corporation, Annual General Meeting, Mar 30, 2023 Pilot Corporation, Annual General Meeting, Mar 30, 2023. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 31 March 2023. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (2.4%). Announcement • Dec 06
Pilot Corporation to Report Fiscal Year 2022 Results on Feb 13, 2023 Pilot Corporation announced that they will report fiscal year 2022 results on Feb 13, 2023 Reported Earnings • Nov 09
Third quarter 2022 earnings released: EPS: JP¥79.72 (vs JP¥87.01 in 3Q 2021) Third quarter 2022 results: EPS: JP¥79.72 (down from JP¥87.01 in 3Q 2021). Revenue: JP¥26.6b (up 5.3% from 3Q 2021). Net income: JP¥3.15b (down 8.4% from 3Q 2021). Profit margin: 12% (down from 14% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 6% per year. Announcement • Sep 09
Pilot Corporation to Report Q3, 2022 Results on Nov 07, 2022 Pilot Corporation announced that they will report Q3, 2022 results on Nov 07, 2022 Reported Earnings • Aug 09
Second quarter 2022 earnings released: EPS: JP¥155 (vs JP¥113 in 2Q 2021) Second quarter 2022 results: EPS: JP¥155 (up from JP¥113 in 2Q 2021). Revenue: JP¥31.3b (up 13% from 2Q 2021). Net income: JP¥6.10b (up 36% from 2Q 2021). Profit margin: 20% (up from 16% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 29 June 2022. Payment date: 01 September 2022. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (2.3%). Announcement • Jun 08
Pilot Corporation to Report Q2, 2022 Results on Aug 08, 2022 Pilot Corporation announced that they will report Q2, 2022 results on Aug 08, 2022 Reported Earnings • May 11
First quarter 2022 earnings released: EPS: JP¥85.26 (vs JP¥67.54 in 1Q 2021) First quarter 2022 results: EPS: JP¥85.26 (up from JP¥67.54 in 1Q 2021). Revenue: JP¥26.2b (up 15% from 1Q 2021). Net income: JP¥3.36b (up 26% from 1Q 2021). Profit margin: 13% (up from 12% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 8% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 08
Pilot Corporation to Report Q1, 2022 Results on May 10, 2022 Pilot Corporation announced that they will report Q1, 2022 results on May 10, 2022 Announcement • Feb 17
Pilot Corporation, Annual General Meeting, Mar 30, 2022 Pilot Corporation, Annual General Meeting, Mar 30, 2022. Agenda: General meeting of shareholders. Reported Earnings • Feb 16
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: JP¥362 (up from JP¥252 in FY 2020). Revenue: JP¥103.1b (up 18% from FY 2020). Net income: JP¥14.3b (up 44% from FY 2020). Profit margin: 14% (up from 11% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 4% per year and the company’s share price has also fallen by 4% per year. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 31 March 2022. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (2.1%). Reported Earnings • Nov 10
Third quarter 2021 earnings released: EPS JP¥87.01 (vs JP¥56.13 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥25.3b (up 24% from 3Q 2020). Net income: JP¥3.43b (up 55% from 3Q 2020). Profit margin: 14% (up from 11% in 3Q 2020). The increase in margin was driven by higher revenue. 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 10% per year. Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS JP¥113 (vs JP¥77.89 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥27.6b (up 31% from 2Q 2020). Net income: JP¥4.47b (up 46% from 2Q 2020). Profit margin: 16% (up from 15% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 14% per year. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 29 June 2021. Payment date: 01 September 2021. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.0%). Lower than average of industry peers (2.0%). Reported Earnings • May 10
First quarter 2021 earnings released: EPS JP¥67.54 (vs JP¥51.26 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: JP¥22.8b (up 2.1% from 1Q 2020). Net income: JP¥2.66b (up 32% from 1Q 2020). Profit margin: 12% (up from 9.1% in 1Q 2020). 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 17% per year. Reported Earnings • Apr 03
Full year 2020 earnings released The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥87.1b (down 16% from FY 2019). Net income: JP¥9.93b (down 25% from FY 2019). Profit margin: 11% (down from 13% in FY 2019). The decrease in margin was driven by lower revenue. 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. Announcement • Mar 11
Pilot Corporation to Report Q1, 2021 Results on May 07, 2021 Pilot Corporation announced that they will report Q1, 2021 results on May 07, 2021 Is New 90 Day High Low • Mar 03
New 90-day high: JP¥3,315 The company is up 8.0% from its price of JP¥3,065 on 03 December 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is flat over the same period. Announcement • Feb 16
Pilot Corporation, Annual General Meeting, Mar 30, 2021 Pilot Corporation, Annual General Meeting, Mar 30, 2021.