Company profile

PIGEON CORPORATION

EDINET
E02404
Securities
7956
Industry
Other Products
Latest annual securities report
2026-03-19 Annual Securities Report PDF HTML
Latest financial report
2026-08-07 Semiannual Securities Report PDF HTML
Latest filing
—
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Industry position

Other Products

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Profitability Strong Current Top 28% 5-year trend Broadly stable
Financial strength Strong Based on Equity ratio Current Top 28% 5-year trend Broadly stable
Growth Average Current Top 50% 5-year trend Improving
Cash generation Strong Current Top 25% 5-year trend Improving

Latest half-year results

H1 FY2026

2026/01/01 - 2026/06/30

Consolidated · Japanese GAAP · Cumulative YTD

For H1 FY2026, revenue was ¥58.98 billion, up 9.8% year over year. Operating income was ¥7.88 billion, up 17.9% year over year. Net income was ¥5.35 billion, up 13.2% year over year.

Revenue ¥58.98B up 9.8% year over year
Operating income ¥7.88B up 17.9% year over year
Net income ¥5.35B up 13.2% year over year
Operating cash flow ¥3.15B
Free cash flow ¥1.24B
Total assets ¥115.27B

Half-year trend

Half-year financial trend

H1 values are cumulative year-to-date.

H2 values are calculated when comparable.

Consolidated · Japanese GAAP · Cumulative YTD

Mode

Half-year financial data

Annual key financial indicators

FY2025

Consolidated Japanese GAAP

Revenue reached ¥109.17 billion, up 4.8% year over year. Operating income was ¥13.16 billion, up 8.4% year over year. Operating margin was 12.1%. Net income was ¥8.57 billion, up 2.4% year over year. ROE was 10.0%; equity ratio was 75.3%; free cash flow was ¥9.91 billion.

Revenue ¥109.17B up 4.8% year over year
Operating income ¥13.16B up 8.4% year over year
Net income ¥8.57B up 2.4% year over year
Total assets¥110.09B
Total equity—
Operating cash flow¥13.06B
Free cash flow¥9.91B

Industry position details

Other Products

Annual data for the same fiscal year and industry

Comparison sample varies by metric

Profitability Strong

Operating margin Top 25% / ROE Top 37%

Financial strength Strong
Based on Equity ratio

Equity ratio Top 31%

Growth Average

Revenue growth Bottom 54% / 3-year revenue CAGR Bottom 54%

Cash generation Strong

Operating cash flow margin Top 32% / Free cash flow margin Top 25%

Profitability Industry position history Broadly stable
2025 Top 23% 2024 Top 25% 2023 Top 31% 2022 Top 25% 2021 Top 15%
Financial strength Industry position history Broadly stable
2025 Top 22% 2024 Top 22% 2023 Top 18% 2022 Top 18% 2021 Top 18%
Growth Industry position history Improving
2025 Top 43% 2024 Top 38% 2023 Bottom 20% 2022 Bottom 27% 2021 Bottom 34%
Cash generation Industry position history Improving
2025 Top 17% 2024 Top 13% 2023 Top 16% 2022 Top 13% 2021 Top 32%
Profitability Operating margin 12.1% Industry median 7.0% Top 25% Comparison sample 32
Profitability ROE 10.0% Industry median 8.3% Top 37% Comparison sample 33
Financial strength Equity ratio 75.3% Industry median 56.7% Top 31% Comparison sample 33
Growth Revenue growth +4.8% Industry median +5.3% Bottom 54% Comparison sample 32
Growth 3-year revenue CAGR +4.8% Industry median +4.9% Bottom 54% Comparison sample 30
Cash generation Operating cash flow margin 12.0% Industry median 6.2% Top 32% Comparison sample 32
Cash generation Free cash flow margin 9.1% Industry median 3.9% Top 25% Comparison sample 32

Annual financial data

Fiscal year Scope Accounting standard Revenue Operating income Ordinary income Profit before tax Net income Profit attributable to owners of parent Comprehensive income Total assets Total liabilities Net assets Shareholders' equity Equity Equity attributable to owners of parent Equity for ratio Operating cash flow Investing cash flow Financing cash flow Free cash flow Cash and cash equivalents Basic EPS P/E Share price Market cap Book value per share Dividend per share Shares issued Equity ratio Official equity ratio ROE ROA Operating margin Ordinary income margin Net margin Operating cash flow margin Free cash flow margin Dividend payout ratio Revenue YoY Operating income YoY Ordinary income YoY Profit before tax YoY Net income YoY Total assets YoY Equity YoY Operating cash flow YoY Investing cash flow YoY Financing cash flow YoY Free cash flow YoY Cash and cash equivalents YoY EPS YoY Dividend per share YoY Shares issued YoY Employees YoY Average salary YoY Employees Average salary
FY2025 Consolidated Japanese GAAP 109170000000 13158000000 13681000000 8570000000 8570000000 11161000000 110088000000 24201000000 85887000000 66689000000 85887000000 13058000000 -3144000000 -10818000000 9914000000 39609000000 71.65 22.5 1612.125 196120626117.750 693.11 121653486 0.7801667757 0.753 0.0997822721 0.0778468135 0.1205276175 0.1253183109 0.0785014198 0.1196116149 0.0908124943 0.0479884037 0.0839443117 0.0300406565 0.0237725481 0.0164346124 0.0151287719 -0.0856382606 -1.765171504 -0.0168248896 -0.2457395009 0.0104078978 0.0235714286 0.0 -0.0078277886 3042
FY2024 Consolidated Japanese GAAP 104171000000 12139000000 13282000000 8371000000 8371000000 13176000000 108308000000 23701000000 84607000000 67145000000 84607000000 14281000000 -1137000000 -10639000000 13144000000 39201000000 70.0 20.8 1456.00 177127475616.00 678.53 121653486 0.781170366 0.749 0.098939804 0.0772888429 0.1165295524 0.1275018959 0.0803582571 0.137091897 0.126177151 0.1027937456 0.1317359687 0.1527512585 0.127711168 0.0783353246 0.0434101644 -0.0166632239 0.7920248765 -0.0373439938 0.4514134276 0.1409901912 0.1279407025 0.0 -0.1525704809 3066
FY2023 Consolidated Japanese GAAP 94461000000 10726000000 11522000000 7423000000 7423000000 10540000000 100440000000 19352000000 81087000000 67876000000 81087000000 14523000000 -5467000000 -10256000000 9056000000 34357000000 62.06 26.2 1625.972 197805161938.392 648.73 121653486 0.8073178017 0.772 0.0915436506 0.0739048188 0.1135495072 0.1219762653 0.0785826955 0.1537459904 0.0958702533 -0.0048461352 -0.1204592046 -0.1443000371 -0.1349493066 -0.0127097402 0.0141960176 0.0993943982 0.0339282559 -0.0610386923 0.1993113495 0.0021585042 -0.1346904629 0.0 -0.0486458059 3618
FY2022 Consolidated Japanese GAAP 94921000000 12195000000 13465000000 8581000000 8581000000 12165000000 101733000000 21781000000 79952000000 69706000000 79952000000 13210000000 -5659000000 -9666000000 7551000000 34283000000 71.72 30.2 2165.944 263494638080.784 640.96 121653486 0.785900347 0.754 0.1073268961 0.0843482449 0.1284752584 0.1418548056 0.0904014918 0.1391683611 0.0795503629 0.019778685 -0.0855578884 -0.0807618788 -0.0232214001 0.0376471308 0.040906132 0.2127054071 -0.0118004649 -0.1119291384 0.4247169811 -0.0265489238 -0.0234204793 0.0 -0.033545108 3803
FY2021 Consolidated Japanese GAAP 93080000000 13336000000 14648000000 8785000000 8785000000 12994000000 98042000000 21232000000 76810000000 70062000000 76810000000 10893000000 -5593000000 -8693000000 5300000000 35218000000 73.44 29.9 2195.856 267133537154.016 617.59 121653486 0.7834397503 0.754 0.1143731285 0.0896044552 0.1432746025 0.1573700043 0.0943811775 0.1170283627 0.0569402664 -0.0633930368 -0.1292765735 -0.0909203749 -0.1745748379 0.0488916467 0.0576247849 -0.4079891304 -0.4660550459 0.0582818763 -0.6366129585 -0.0494466937 -0.1741819409 0.0 0.012609367 3935
FY2020 Consolidated Japanese GAAP 99380000000 15316000000 16113000000 10643000000 10643000000 11129000000 93472000000 20846000000 72625000000 70020000000 72625000000 18400000000 -3815000000 -9231000000 14585000000 37050000000 88.93 47.8 4250.854 517131207577.044 584.3 121653486 0.7769706436 0.748 0.1465473322 0.113862975 0.1541155162 0.1621352385 0.1070939827 0.1851479171 0.1467599115 -0.0063689173 -0.1028584817 -0.0677505207 -0.0775697695 0.0329425026 0.0306827697 0.3051496666 0.0450563204 -0.0569040531 0.4436306048 0.1429540967 -0.0772024489 0.0 -0.0171977744 3886
FY2019 Consolidated Japanese GAAP 100017000000 17072000000 17284000000 11538000000 11538000000 12253000000 90491000000 20028000000 70463000000 68269000000 70463000000 14098000000 -3995000000 -8734000000 10103000000 32416000000 96.37 41.7 4018.629 488880226790.694 565.64 121653486 0.7786741223 0.748 0.1637455118 0.1275043927 0.1706909825 0.1728106222 0.1153603887 0.1409560375 0.1010128278 3954

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Source data: Financial Services Agency EDINET / Data organization, aggregation, and metric calculations: bestforever.jp