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Consumer Non-Durables

Pigeon Corp.

Business Summary

Pigeon Corp. engages in the manufacture, sale, import and export of baby and child care products, maternity items, women's care, home healthcare and nursing care products. It operates through the following segments: Domestic Baby and Mother, Child-Rearing Support, Health Care and Nursing Care, Overseas, China and Others. The Domestic Baby and Mother segment manufactures and sells child care products such as breast-feeding necessities, baby foods, and baby supplies. The Child Rearing Support segment operates child care facilities and provides baby-sitting services. The Healthcare and Nursing Care segment engages in the manufacture and sale of both health and nursing care products, and also provides home-care support services. The Overseas segment manufactures and sells child care and women's care products for overseas markets. The China segment handles purchased goods sales from businesses in China and other subsidiaries. The Others segment includes the manufacture and sale of child care products to non-group of companies. It also includes the sale of women's care products such as supplements and maternity goods. The company was founded by Yuichi Nakata on August 15, 1957 and is headquartered in Tokyo, Japan.

Financial Highlights

Dec 2019 JPYUSD
Revenue109,099.72M1,000.81M
Gross Profit55,419.31M508.38M
Operating income18,626.19M170.86M
Income before tax18,658.92M171.16M
Net income12,588.01M115.47M
EBITDA22,735.65M208.56M
Diluted EPS105.110.96
Dividends Per Share680.62
Total Assets90,491M832.67M
Total liabilities20,026M184.27M
Total equity67,722M623.16M
Operating cash flow14,098M129.32M
Currency in JPYCurrency in USD

Historical Data

 Jan 2015Jan 2016Jan 2017Jan 2018Dec 2019
Revenue 84,126.63M 92,207.57M 94,630M 102,583M 109,099.72M
Gross Profit 38,296.06M 43,345.07M 44,689M 50,573M 55,419.31M
Operating income 12,780.73M 14,521.83M 16,016M 19,414M 18,626.19M
Income before tax 13,140.03M 14,887.19M 16,234M 20,916M 18,658.92M
Net income 8,451.77M 10,197.26M 11,118M 14,515M 12,588.01M
EBITDA 14,875.31M 17,072.00M 18,372M 21,864M 22,735.65M
Diluted EPS 70.55 85.15 92.83 121.20 105.11
Dividends Per Share 35 42 53 66 68
Total Assets 72,367.08M 73,943.16M 78,889M 84,467M 90,491M
Total liabilities 25,069.86M 23,150.22M 25,150M 21,653M 20,026M
Total equity 46,164.48M 49,567.42M 52,387M 60,693M 67,722M
Operating cash flow 10,135.46M 13,479.71M 14,806M 17,094M 14,098M
 Jan 2015Jan 2016Jan 2017Jan 2018Dec 2019
Revenue 785.92M 761.59M 872.78M 917.55M 1,000.81M
Gross Profit 357.76M 358.01M 412.17M 452.34M 508.38M
Operating income 119.39M 119.94M 147.71M 173.64M 170.86M
Income before tax 122.75M 122.96M 149.72M 187.08M 171.16M
Net income 78.95M 84.22M 102.54M 129.82M 115.47M
EBITDA 138.96M 141.00M 169.44M 195.56M 208.56M
Diluted EPS 0.65 0.70 0.85 1.08 0.96
Dividends Per Share 0.32 0.34 0.48 0.59 0.62
Total Assets 616.07M 610.77M 700.76M 773.82M 832.67M
Total liabilities 213.42M 191.22M 223.40M 198.36M 184.27M
Total equity 393.00M 409.42M 465.35M 556.02M 623.16M
Operating cash flow 94.68M 111.33M 136.55M 152.89M 129.32M

Valuation Measures

Dec 2019
PER38.19
ROA14.38%
ROE19.60%
Operating margin17.07%
Profit margin11.53%

Key executives

  • President & Representative Director: Norimasa Kitazawa
  • Director, Head-Finance, Accounting & Audit Office: Tadashi Itakura
  • Executive Officer & GM-Corporate Planning: Tsutomu Matsunaga
  • Executive Officer, GM-Accounting & Finance: Hiroyasu Maki
  • Director, Head-Development & Quality Management: Yasunori Kurachi

Shareholders

  • Baillie Gifford & Co. (10.7%)
  • Nomura Asset Management Co., Ltd. (5.9%)
  • First Sentier Investors (Australia) IM Ltd. (5.8%)
  • Matthews International Capital Management LLC (4.4%)
  • Asset Management One Co., Ltd. (4.3%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (4.0%)
  • Aberdeen Standard Investments (Japan) Ltd. (3.0%)
  • Morgan Stanley Investment Management, Inc. (2.8%)
  • BlackRock Fund Advisors (2.7%)
  • The Vanguard Group, Inc. (2.5%)

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 Baby Products (Shanghai) Co., Ltd.
  • Pigeon Manufacturing (Shanghai) Co. Ltd.
  • Pigeon (Shanghai) Co. Ltd.
  • Pigeon Industries (Changzhou) Co. Ltd.
  • Pigeon Tahira Corp.
  • Pigeon India Private Limited.
  • 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 5 Aug, 2020

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