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Consumer Non-Durables

Pigeon Corp.

Business Summary

Pigeon Corp. engages in the manufacture, sale, import and export of baby and childcare products, maternity items, women's care, home healthcare and nursing care products. It operates through the following segments: Japan Business, China Business, Singapore Business, and Lansinoh Business. The Japan Business segment handles domestic baby and mother care, childcare service, and health and elder care businesses. The China Business segment deals with the manufacture and sale of childcare and women’s supplies in China, South Korea, Hong Kong, Taiwan, and Russia. The Singapore Business segment manages the production and sale of childcare and women’s products in Singapore, Indonesia, Thailand, Malaysia, India, Australia, and Middle East. The Lansinoh Business segment includes the manufacture and sale of childcare and womens products in Germany, Turkey, United States, and United Kingdom. The company was founded by Yuichi Nakata on August 15, 1957 and is headquartered in Tokyo, Japan.

Financial Highlights

Dec 2020 JPYUSD
Revenue99,371M930.71M
Gross Profit49,921M467.56M
Operating income15,316M143.45M
Income before tax15,836M148.32M
Net income10,644M99.69M
EBITDA19,288M180.65M
Diluted EPS88.930.83
Dividends Per Share700.65
Total Assets93,472M905.34M
Total liabilities20,843M201.87M
Total equity69,903M677.05M
Operating cash flow18,400M172.33M
Currency in JPYCurrency in USD

Historical Data

 Jan 2016Jan 2017Jan 2018Dec 2019Dec 2020
Revenue 92,207.57M 94,630M 102,583M 109,099.72M 99,371M
Gross Profit 43,345.07M 44,689M 50,573M 55,419.31M 49,921M
Operating income 14,521.83M 16,016M 19,414M 18,626.19M 15,316M
Income before tax 14,887.19M 16,234M 20,916M 18,658.92M 15,836M
Net income 10,197.26M 11,118M 14,515M 12,588.01M 10,644M
EBITDA 17,072.00M 18,372M 21,864M 22,735.65M 19,288M
Diluted EPS 85.15 92.83 121.20 105.11 88.93
Dividends Per Share 42 53 66 68 70
Total Assets 73,943.16M 78,889M 84,467M 90,491M 93,472M
Total liabilities 23,150.22M 25,150M 21,653M 20,026M 20,843M
Total equity 49,567.42M 52,387M 60,693M 67,722M 69,903M
Operating cash flow 13,479.71M 14,806M 17,094M 14,098M 18,400M
 Jan 2016Jan 2017Jan 2018Dec 2019Dec 2020
Revenue 761.59M 872.78M 917.55M 1,000.81M 930.71M
Gross Profit 358.01M 412.17M 452.34M 508.38M 467.56M
Operating income 119.94M 147.71M 173.64M 170.86M 143.45M
Income before tax 122.96M 149.72M 187.08M 171.16M 148.32M
Net income 84.22M 102.54M 129.82M 115.47M 99.69M
EBITDA 141.00M 169.44M 195.56M 208.56M 180.65M
Diluted EPS 0.70 0.85 1.08 0.96 0.83
Dividends Per Share 0.34 0.48 0.59 0.62 0.65
Total Assets 610.77M 700.76M 773.82M 832.67M 905.34M
Total liabilities 191.22M 223.40M 198.36M 184.27M 201.87M
Total equity 409.42M 465.35M 556.02M 623.16M 677.05M
Operating cash flow 111.33M 136.55M 152.89M 129.32M 172.33M

Valuation Measures

Dec 2020
PER47.84
ROA11.57%
ROE15.46%
Operating margin15.41%
Profit margin10.71%

Key executives

  • President & Representative Director: Norimasa Kitazawa
  • Executive Officer, GM-Accounting & Finance: Hiroyasu Maki
  • Director, Head-Quality Management, R&D: Yasunori Kurachi
  • Executive Officer & General Manager-Administration: Koji Ishigami
  • Director & Senior Managing Executive Officer: Eiji Akamatsu

Shareholders

  • Baillie Gifford & Co. (9.8%)
  • Nomura Asset Management Co., Ltd. (6.9%)
  • Morgan Stanley Investment Management Co. (4.6%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (4.6%)
  • Asset Management One Co., Ltd. (4.3%)
  • Morgan Stanley Asia Ltd. (Investment Management) (4.2%)
  • First Sentier Investors (Australia) IM Ltd. (3.5%)
  • BlackRock Fund Advisors (2.7%)
  • The Vanguard Group, Inc. (2.1%)
  • Comgest SA (2.1%)

Contact Details

  • Website:http://www.pigeon.co.jp
  • Address: 4-4 Nihonbashi Hisamatsu-cho, Chuo-Ku, Tokyo, 103-8480, Japan
  • Phone: +81.3.3661.4200

Related Companies

  • Pigeon Board Incentive Plan
  • Lansinoh Laboratorios do Brasil Ltda.
  • Lansinoh Laboratories Shanghai
  • Lansinoh Laboratories Benelux NV
  • PT Pigeon Baby Lab Indonesia
  • Pigeon Manufacturing Ibaraki Corp.
  • Pigeon Baby Products (Shanghai) Co., Ltd.
  • Pigeon Manufacturing (Shanghai) Co., Ltd.
  • Pigeon (Shanghai) Co., Ltd.
  • Pigeon Industries (Changzhou) Co., Ltd.
  • Pigeon Tahira Corp.
  • Pigeon India Pvt Ltd.
  • Pigeon Hearts Corp.
  • Pigeon Singapore Pte Ltd.
  • Pigeon Home Products KK
  • PHP Hyogo KK
  • Pigeon Manaka KK
  • PHP Ibaraki KK
  • Tahira KK
  • Thai Pigeon Co., Ltd.
  • Lansinoh Laboratories, Inc.
  • Pigeon Employee Stock Ownership Plan

Competitors

  • Organic Tea Cosmetics Holdings Co. Ltd.
Last Updated on 22 Apr, 2021

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