Pigeon Corporation announced consolidated earnings results for the year ended January 31, 2018. For the period, the company reported net sales of ¥94,640 million, operating income of ¥16,015 million, ordinary income of ¥16,462 million, net income attributable to owners of parent of ¥11,118 million or net income per share of ¥121.20 compared to net sales of ¥102,563 million, operating income of ¥19,412 million, ordinary income of ¥20,129 million, net income attributable to owners of parent of ¥14,515 million or net income per share of ¥92.84 for the same period last year. Income before income taxes was ¥16,234 million against ¥20,916 million a year ago. Net cash provided by operating activity was ¥14,810 million compared to ¥17,094 million a year ago. Purchase of tangible fixed assets was ¥2,424 million compared to ¥2,199 million a year ago. Purchase of intangible assets was ¥210 million compared to ¥1,055 million a year ago.

For the full year ending January 31, 2019, the consolidated company expects net sales of ¥107,000 million, operating income of ¥20,400 million, ordinary income of ¥20,400 million, net income attributable to owners of parent of ¥14,100 million or net income per share of ¥117.73.