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PIGEON, Last Fiscal Year's Ordinary Profit Unexpectedly Increases, 3% Increase in The Current Fiscal Year

Fri Feb 13, 2026 2:00 pm JST Earnings

7956 PIGEON CORPORATION 【J-GAAP】

Earnings Report

PIGEON CORPORATION <7956> [TSE Prime] announced its financial results in the afternoon session on February 13th (14:00). The consolidated ordinary profit for the fiscal year ended December 2025 increased by 3.0% from the previous period to 13.6 billion yen exceeding the previous forecast of 12.9 billion yen and resulted in an increase in profit, a complete reversal from the forecast for a decline in profit. For the fiscal year ending December 2026, the consolidated ordinary profit is expected to grow by 3.4% to 14.1 billion yen. This will be the third consecutive term of revenue and profit growth.

In the most recent three-month period, from October to December (4Q), the consolidated ordinary profit dropped to 3.01 billion yen, a 32.3% decrease compared to the same period last year. The operating profit margin decreased from 13.0% in the same period last year to 10.9%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 94,461 10,726 11,522 7,423 62.1 76 Feb 15, 2024 J-GAAP
Dec, 2024 104,171 12,139 13,282 8,371 70.0 76 Feb 14, 2025 J-GAAP
Dec, 2025 109,170 13,158 13,681 8,570 71.7 76 Feb 13, 2026 J-GAAP
YoY +4.8% +8.4% +3.0% +2.4% +2.4%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2025 Guidance 109,700 12,900 12,900 8,400 70.2 76 Feb 14, 2025 J-GAAP
Dec, 2025 Results 109,170 13,158 13,681 8,570 71.7 76 Feb 13, 2026 J-GAAP
Revision Rate -0.5% +2.0% +6.1% +2.0% +2.0%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2025 53,734 6,684 6,875 4,624 38.7 38 Aug 7, 2025 J-GAAP
Jan - Jun, 2026 Guidance 38 Feb 13, 2026 J-GAAP
YoY

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2024 104,171 12,139 13,282 8,371 70.0 76 Feb 14, 2025 J-GAAP
Dec, 2025 109,170 13,158 13,681 8,570 71.7 76 Feb 13, 2026 J-GAAP
Dec, 2026 Guidance 113,500 13,900 14,150 9,140 76.4 76 Feb 13, 2026 J-GAAP
YoY +4.0% +5.6% +3.4% +6.7% +6.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 28,134 3,658 4,449 2,945 24.6 13.0 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 25,227 3,193 3,214 2,331 19.5 12.7 May 13, 2025 J-GAAP
Apr - Jun, 2025 28,507 3,491 3,661 2,293 19.2 12.2 Aug 7, 2025 J-GAAP
Jul - Sep, 2025 26,792 3,344 3,795 2,411 20.2 12.5 Nov 6, 2025 J-GAAP
Oct - Dec, 2025 28,644 3,130 3,011 1,535 12.8 10.9 Feb 13, 2026 J-GAAP
YoY +1.8% -14.4% -32.3% -47.9% -47.9%

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