Includes financial results for the past five years.
Quarterly Highlights (Fiscal Year Ending December 2024, 2Q)
Sales of the Pigeon Group expanded during the consolidated first half under review, while earnings retreated. Net sales grew to ¥51,313 million (up 6.9% YOY), buoyed by yen depreciation and led by the China Business and Lansinoh Business. In earnings, higher revenues boosted gross profit margin, but the Group invested heavily in selling, general and administrative expenses in a vigorous effort to bolster net sales and market share for nursing bottles and the baby skincare category, particularly in the China Business. Operating income fell to ¥5,822 million (down 10.6% YOY), ordinary income declined to ¥6,431 million (down 9.6% YOY) and net income attributable to owners of parent dropped to ¥3,574 million (down 21.7% YOY).
Millions of Yen
Millions of Yen
| 1Q | 2Q | 3Q | Full Year | Forecast | |
|---|---|---|---|---|---|
| Net sales | 23,749 | 51,313 | 101,000 | ||
| Operating income | 2,697 | 5,822 | 11,400 | ||
| Ordinary income | 2,963 | 6,431 | 11,400 | ||
| Net income | 1,906 | 3,574 | 7,600 |
Performance Highlights (Consolidated Five-Year Summary)
Millions of Yen
Millions of Yen
Millions of Yen
Millions of Yen
| FY ended Dec. 2019 | FY ended Dec. 2020 | FY ended Dec. 2021 | FY ended Dec. 2022 | FY ended Dec. 2023 | |
|---|---|---|---|---|---|
| Net sales | 100,017 | 99,380 | 93,080 | 94,921 | 94,461 |
| Operating income | 17,072 | 15,316 | 13,336 | 12,195 | 10,726 |
| Ordinary income | 17,284 | 16,113 | 14,648 | 13,465 | 11,522 |
| Net income | 11,538 | 10,643 | 8,785 | 8,581 | 7,423 |