Pigeon Corporation logo

Pigeon Corporation

7956.T

JPXConsumer DefensiveHousehold & Personal Products

Latest quote

¥2,142

−¥13.50 · -0.63%

Aug 24, 3:30 PM JST

7956.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Pigeon Corporation is a global enterprise engaged in the creation, production, distribution, import, and export of a wide array of goods tailored for infants, young children, new and expectant mothers, women's wellness, home healthcare needs, and senior care, catering to both the Japanese market and international customers. Its operations are structured across four primary business divisions: Japan, China, Singapore, and the Lansinoh business. The company's product portfolio spans essentials for breastfeeding and weaning, skincare formulations, women's care items, and various other baby and maternal necessities, including larger-sized products for infants. Beyond its merchandise, Pigeon provides comprehensive services such as parenting guidance, professional babysitter placement, event-specific childcare, and early childhood education. It also operates its own network of childcare facilities and preschools. Additionally, the company offers anti-aging and elder care products, complemented by associated support services for seniors. Specific items for infants and mothers include feeding bottles, nipples, personal hygiene products, and specialized dermatological solutions. All its offerings are sold under the prominent Pigeon and Lansinoh brands. Established in Tokyo, Japan, in 1949, the firm was originally known as Pigeon Honyuki Honpo Corporation before officially changing its name to Pigeon Corporation in 1966.

Industry
Household & Personal Products
Sector
Consumer Defensive
Headquarters
JP
CEO
Ryo Yano
Listed since
Jan 4, 2001
Employees
3,042

Market position

Day range

Current ¥2,142

52-week range

Current ¥2,142

Open
¥2,194
Previous close
¥2,155.5
Volume
816.3K
0.79× average
Average volume
1.04M
Average daily volume
Market cap
256.28B JPY
Beta
0.3
Market reference 1
50-day average
¥2,036.82
+5.16% above average
200-day average
¥1,764.28
+21.41% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
154.52B JPY
P/E (TTM)
27.95×
P/B (TTM)
P/S (TTM)
2.24×
EV / EBITDA
8.58×
Earnings yield
4.45%
Free cash flow yield
5.32%
Dividend yield
3.55%

Profitability & efficiency

Gross margin
50.44%
Operating margin
12.54%
Net margin
8.01%
Return on equity
10.34%
Return on assets
7.79%
Return on invested capital
9.49%

Financial health

Debt / equity
0.07×
Current ratio
4.22×
Altman Z-score
8.5
Piotroski F-score
7 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends54%38%21%4%Gross margin, FY2021: 47.35%Gross margin, FY2022: 47.23%Gross margin, FY2023: 48.12%Gross margin, FY2024: 49.32%Gross margin, FY2025: 50.23%Operating margin, FY2021: 14.33%Operating margin, FY2022: 12.85%Operating margin, FY2023: 11.36%Operating margin, FY2024: 11.65%Operating margin, FY2025: 12.05%Net margin, FY2021: 9.44%Net margin, FY2022: 9.04%Net margin, FY2023: 7.86%Net margin, FY2024: 8.04%Net margin, FY2025: 7.85%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 47.35%. Gross margin FY2022 47.23%. Gross margin FY2023 48.12%. Gross margin FY2024 49.32%. Gross margin FY2025 50.23%. Operating margin FY2021 14.33%. Operating margin FY2022 12.85%. Operating margin FY2023 11.36%. Operating margin FY2024 11.65%. Operating margin FY2025 12.05%. Net margin FY2021 9.44%. Net margin FY2022 9.04%. Net margin FY2023 7.86%. Net margin FY2024 8.04%. Net margin FY2025 7.85%.

Income trends

Revenue

109.17B JPY+4.80%

Operating income

13.16B JPY+8.40%

Net income

8.57B JPY+2.38%
Income trends across reported periods119.34B JPY78.65B JPY37.95B JPY−2.75B JPYRevenue, FY2021: 93.08B JPYRevenue, FY2022: 94.92B JPYRevenue, FY2023: 94.46B JPYRevenue, FY2024: 104.17B JPYRevenue, FY2025: 109.17B JPYOperating income, FY2021: 13.34B JPYOperating income, FY2022: 12.2B JPYOperating income, FY2023: 10.73B JPYOperating income, FY2024: 12.14B JPYOperating income, FY2025: 13.16B JPYNet income, FY2021: 8.79B JPYNet income, FY2022: 8.58B JPYNet income, FY2023: 7.42B JPYNet income, FY2024: 8.37B JPYNet income, FY2025: 8.57B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 93.08B JPY. Revenue FY2022 94.92B JPY. Revenue FY2023 94.46B JPY. Revenue FY2024 104.17B JPY. Revenue FY2025 109.17B JPY. Operating income FY2021 13.34B JPY. Operating income FY2022 12.2B JPY. Operating income FY2023 10.73B JPY. Operating income FY2024 12.14B JPY. Operating income FY2025 13.16B JPY. Net income FY2021 8.79B JPY. Net income FY2022 8.58B JPY. Net income FY2023 7.42B JPY. Net income FY2024 8.37B JPY. Net income FY2025 8.57B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue109.17B JPY104.17B JPY94.46B JPY94.92B JPY93.08B JPY
Cost of goods sold54.33B JPY52.8B JPY49.01B JPY50.09B JPY49.01B JPY
Gross profit54.84B JPY51.37B JPY45.45B JPY44.83B JPY44.07B JPY
Research and development3.42B JPY3.65B JPY3.79B JPY3.6B JPY
Selling, general, and administrative41.68B JPY35.82B JPY31.07B JPY28.85B JPY27.13B JPY
Operating expenses41.68B JPY39.23B JPY34.72B JPY32.64B JPY30.74B JPY
Interest income300M JPY355M JPY256M JPY182M JPY179M JPY
Interest expense86M JPY75M JPY98M JPY94M JPY79M JPY
Depreciation and amortization4.6B JPY4.88B JPY5.08B JPY4.95B JPY4.16B JPY
Operating income13.16B JPY12.14B JPY10.73B JPY12.2B JPY13.34B JPY
Net income8.57B JPY8.37B JPY7.42B JPY8.58B JPY8.79B JPY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
36%
4 beats, 7 misses, 0 met estimates
Average EPS surprise
-8.20%
11 comparable reports
Latest EPS result
24.35
Estimate 22.77 · Beat by 6.94%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates30.5924.2317.8711.51Q1 '25BeatQ2 '25BeatQ3 '25MissQ4 '25BeatQ1 '26MissQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 13, 2025: actual 24.62, estimate 14.03, surprise +75.48%, Beat. Q2 2025, reported May 12, 2025: actual 19.49, estimate 16.97, surprise +14.85%, Beat. Q3 2025, reported Aug 6, 2025: actual 19.17, estimate 20.81, surprise -7.88%, Miss. Q4 2025, reported Nov 5, 2025: actual 20.15, estimate 14.89, surprise +35.33%, Beat. Q1 2026, reported Feb 13, 2026: actual 12.83, estimate 24.78, surprise -48.22%, Miss. Q2 2026, reported May 14, 2026: actual 19.31, estimate 29.27, surprise -34.03%, Miss. Q3 2026, reported Aug 6, 2026: actual 24.35, estimate 22.77, surprise +6.94%, Beat. Q4 2026, reported Nov 5, 2026: actual —, estimate 20.9, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates32.52B29.67B26.82B23.98BQ1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 13, 2025: actual 28.13B JPY, estimate 25.7B JPY, surprise +9.47%, Beat. Q2 2025, reported May 12, 2025: actual 25.23B JPY, estimate 28.66B JPY, surprise -11.98%, Miss. Q3 2025, reported Aug 6, 2025: actual 28.51B JPY, estimate 26.04B JPY, surprise +9.48%, Beat. Q4 2025, reported Nov 5, 2025: actual 26.79B JPY, estimate 28.6B JPY, surprise -6.31%, Miss. Q1 2026, reported Feb 13, 2026: actual 28.64B JPY, estimate 28.6B JPY, surprise +0.17%, Beat. Q2 2026, reported May 14, 2026: actual 27.71B JPY, estimate 26.13B JPY, surprise +6.05%, Beat. Q3 2026, reported Aug 6, 2026: actual 31.27B JPY, estimate 31.26B JPY, surprise +0.04%, Beat. Q4 2026, reported Nov 5, 2026: actual —, estimate 29.29B JPY, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

¥76.00

2025 complete year+2.7% since 2021

2026 partial: ¥38.00

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Dec 29, 2026

¥38.00

Semi-Annual

Record Dec 31, 2026 · Payment Dec 29, 2026

Dividend

Ex-dividend Jun 29, 2026

¥38.00

Semi-Annual

Record Jun 30, 2026 · Payment Sep 7, 2026

Dividend

Ex-dividend Dec 29, 2025

¥38.00

Semi-Annual

Record Dec 31, 2025 · Payment Mar 30, 2026

Dividend

Ex-dividend Jun 27, 2025

¥38.00

Semi-Annual

Record Jun 30, 2025 · Payment Sep 8, 2025

Dividend

Ex-dividend Dec 27, 2024

¥38.00

Semi-Annual

Record Dec 31, 2024 · Payment Mar 28, 2025

Dividend

Ex-dividend Jun 27, 2024

¥38.00

Semi-Annual

Record Jun 30, 2024 · Payment Sep 3, 2024

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