Pigeon Corporation Reports Consolidated Earnings Results for the Period from February 1, 2019 to December 31, 2019; Announces Dividend for the Year Ended December 31, 2019, Payable on March 30, 2020; Provides Consolidated Earnings Guidance for the Year Ending December 31, 2020; Provides Dividend Guidance for the Year Ending December 31, 2020
February 12, 2020
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Pigeon Corporation reported consolidated earnings results for the period from February 1, 2019 to December 31, 2019. For the period, the company reported net sales of ¥100,017 million against ¥104,747 million a year ago. Operating income was ¥17,072 million against ¥19,612 million a year ago. Net income was ¥11,769 million against ¥14,594 million a year ago. Net income per share was ¥96.37 against ¥118.89 a year ago.
The company announced a dividend of ¥35.00 per share for the year ended December 31, 2019. Scheduled commencement date of dividend payments is March 30, 2020.
For the year ending December 31, 2020, the company expects dividend per common share of ¥36.00.
For the year ending December 31, 2020, the company expects net sales of ¥109,000 million, operating income of ¥18,100 million and net income attributable to owners of parent was ¥12,600 million or ¥105.23 per share.
Pigeon Corp is a Japan-based company mainly engaged in the manufacture, purchase and sale of childcare and nursing products. It has six business segments. Domestic Baby and Mom segment manufactures and sells childcare and womenâs products. Products are mainly weaning related products, skin care products, wet tissues, baby foods and outing products. China segment manufactures and sells products in China, South Korea, Hong Kong, Taiwan, Russia. Lansinoh segment manufactures and sells products in United States, Germany, United Kingdom, Turkey, China. Singapore segment manufactures and sells products in ASEAN countries such as Singapore, Indonesia, Thailand and Malaysia, as well as India, Australia and Middle East. Healthcare and Nursing Care segment manufactures and sells products and provides nursing care services. Products are incontinence products, care facility products. Children Support segment operates childcare facilities and infant classrooms and provides baby-sitting services.
Pigeon Corporation Reports Consolidated Earnings Results for the Period from February 1, 2019 to December 31, 2019; Announces Dividend for the Year Ended December 31, 2019, Payable on March 30, 2020; Provides Consolidated Earnings Guidance for the Year Ending December 31, 2020; Provides Dividend Guidance for the Year Ending December 31, 2020