Pigeon Corporation announced consolidated earnings results for the first quarter ended March 31, 2020. For the quarter, the company reported net sales of JPY 22,836 million against JPY 25,458 million a year ago. Operating income was JPY 3,403 million against JPY 4,501 million a year ago. Net income was JPY 2,933 million or JPY 23.97 per share against JPY 3,208 million or JPY 26.22 per share a year ago.