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.