Pigeon Corp. announced consolidated earnings results for the first quarter ended April 30, 2016. For the period, on consolidated basis reported net sales of ¥22,746 million, operating income of ¥3,732 million, ordinary income of ¥3,597 million, net income attributable to owners of parent of ¥2,482 million or net income per share of ¥20.72 compared to net sales of ¥21,809 million, operating income of ¥3,596 million, ordinary income of ¥3,662 million, net income attributable to owners of parent of ¥2,469 million or net income per share of ¥20.62 for the same period last year. Income before income taxes was ¥3,537 million against ¥3,668 million a year ago.

For the year ending January 31, 2017, on consolidated basis, it expects net sales of ¥95,000 million, operating income of ¥15,000 million, ordinary income of ¥15,300 million, net income attributable to owners of parent of ¥10,400 million or net income per share of ¥86.84 for the fiscal year ending January 31, 2017.