1. Japan Stocks

  2. •

    Consumer Defensive

  3. •

    Household & Personal Products
Pigeon Corporation

Pigeon Corporation

PIGEF
Pigeon CorporationUS flagOther OTC
10.32
USD
- -
- -
1.23BMarket Cap
Pigeon Corporation
PIGEF
(Other OTC)

Recent

price

10.32

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
475.68
492.41
542.06
645.05
702.24
769.92
790.15
856.56
874.6
- -
830.34
778.03
793.31
789.74
871.1
912.64
817.67
Revenue per Share
24.39
26.51
38.09
58.18
70.55
85.14
92.83
121.2
118.89
- -
88.93
73.43
71.72
62.06
70
71.64
53.78
Basic EPS, GAAP
2.52
22.25
48.29
35.42
58.27
84.39
101.67
115.56
68.82
- -
121.8
41.79
63.9
74.02
100.61
82.9
- -
Free Cash Flow per Basic Share
12.64
14.64
14.67
22.83
33.35
39.99
46.94
59
68.97
- -
71.17
73.06
75
76.16
76.08
76.12
- -
Dividend per Share
196.95
208.8
232.22
267.57
305.38
350.6
396.45
458.65
508.55
- -
554.16
554.7
551.28
537.01
531.02
525.97
529.01
Book Value per Share
215.31
221.93
259.73
320.96
380.42
412.87
439.46
496.86
520.71
- -
582.14
620.53
648.92
665.53
696.67
708.14
699.27
Tangible Book Value per Share
120
120
120
120
120
120
120
120
120
- -
120
120
120
120
120
120
120
Basic Weighted Avg Shares
57,123
59,131
65,092
77,457
84,127
92,207
94,630
102,583
104,740
- -
99,371
93,080
94,921
94,461
104,171
109,170
97,772
Sales/Revenue/Turnover
7.96
8.53
10.89
13.38
15.19
15.75
16.92
18.92
18.72
- -
15.41
14.33
12.85
11.35
11.65
12.05
10.27
Operating Margin (%)
1,940
1,833
1,817
2,071
2,095
2,549
2,356
2,450
2,804
- -
3,972
4,161
4,947
5,079
4,876
4,601
- -
Depreciation Expense
2,928
3,183
4,574
6,986
8,452
10,197
11,118
14,515
14,238
- -
10,643
8,785
8,581
7,423
8,371
8,570
6,431
Net Income, GAAP
30.95
30.75
36.03
34.44
34.27
29.72
30.13
29.44
27.97
- -
31.42
33.64
33.33
32.2
33.53
33.65
35.49
Effective Tax Rate (%)
5.13
5.38
7.03
9.02
10.05
11.06
11.75
14.15
13.59
- -
10.71
9.44
9.04
7.86
8.04
7.85
6.58
Profit Margin (%)
11,936
13,061
17,487
22,544
31,754
34,690
33,863
40,505
42,578
46,295
49,567
51,182
51,580
51,268
56,079
58,434
56,479
Working Capital
1,615
1,642
2,204
2,012
5,928
5,000
- -
- -
- -
- -
- -
1,384
2,057
1,824
1,769
1,359
- -
LT Debt
27,044
27,936
32,365
39,982
47,297
50,792
53,736
62,812
66,582
70,463
72,625
76,810
79,952
81,087
84,607
85,887
84,953
Total Equity
10.14
10.58
12.83
16.64
16.57
17.68
18.59
21.55
21.1
- -
14.36
11.5
10.01
8.74
9.45
9.94
7.59
Return on Invested Capital (%)
10.6
10.59
14.3
19.82
20.23
20.98
21
25.6
23.08
- -
15.37
12.37
11.93
10.44
11.91
12.3
9.33
Return on Capital (%)
12.76
13.07
17.27
23.28
24.6
25.96
24.85
28.35
24.58
- -
16.31
13.24
12.97
11.4
13.11
13.56
9.96
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'23
Mar'24
Jun'24
ST Debt
76
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
1,824
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
120
120
120
Market Capitalization
269,811
175,476
186,521

Working Capital

FRC

•

in mil. unless spec.
Dec'23
Mar'24
Jun'24
Total Current Assets
64,800
67,603
73,660
Cash, Cash Equivalents & STI
34,357
31,513
35,335
Accounts Receivable, Net
14,412
18,678
21,346
Inventories
13,533
14,199
14,456
Total Current Liabilities
13,532
15,941
17,181
Payables & Accruals
- -
- -
- -
ST Debt
76
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.47%
3.42%
1.51%
Free Cash Flow
- -
4.27%
-17.58%
Net Income, GAAP
- -
-3.62%
2.38%
Sales/Revenue/Turnover
- -
2.05%
4.8%
Total Cash Common Dividend
- -
1.35%
0.08%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
23,749
27,564
- -
- -
104,171
2025
- -
- -
- -
- -
109,170
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
15.94
- -
- -
- -
70
2025
- -
- -
- -
- -
71.64
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
76.08
2025
- -
- -
- -
- -
76.12
2026
- -
- -
- -
- -
- -
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Business
Pigeon Corporation Pigeon Corporation (PIGEF) manufactures, sells, imports, and exports baby and child-care products, maternity items, women's care products, home healthcare products, and nursing care products; offers breastfeeding-related items including nursing bottles, nipples, breast pumps, breast pads, nipple care products, and breast milk storage bags under the Pigeon and Lansinoh brands; provides non-woven products such as wet wipes and baby strollers; develops skincare, cleaning, disinfecting, and aging-prevention products; and operates child-minding centers, daycare services, preschool education, in-home nursing care support, outpatient care facilities, event childcare, and babysitter dispatch services. The company conducts operations across four main segments—Japan Business, China Business, Singapore Business, and Lansinoh Business—with subsidiaries and offices spanning Japan, China, Singapore, Malaysia, Indonesia, the United States, Turkey, Belgium, the United Kingdom, France, South Korea, India, Thailand, Kenya, and Hong Kong; it targets parents, infants from birth to 18 months, mothers, and elder care needs in approximately 80 countries worldwide. Founded in 1957 and headquartered at 4-4 Nihonbashi-Hisamatsucho, Chuo-ku, Tokyo, Japan, Pigeon Corporation maintains manufacturing facilities in Japan, China, and other regions through entities such as Pigeon Home Products Corporation, Pigeon Manufacturing Hyogo Corporation, and Pigeon Manufacturing (Shanghai) Co., Ltd. Recent developments include the launch of the Pigeon Kids brand in November 2025 with products like color-changing "Magic Bubble Body Soap" and "Magic Bubble Shampoo" to enter the kids market; receipt of the Mothers Selection Grand Prize 2025 for the "Po-chit" series of steam sterilizer-dryers for nursing bottles; and a strategic partnership with Japan Activation Capital announced in May 2025 to drive sustainable growth and enhance corporate value, alongside SBTi validation of near-term GHG emission reduction targets in April 2025.