Pigeon reports strong interim sales and profit growth

Pigeon Corporation reported consolidated net sales of 53.7bn yen for the second quarter, up 4.7% year-over-year. Operating profit rose 14.8% to 6.7bn yen, while profit attributable to owners jumped 29.4% to 4.6bn yen.

The Chinese business contributed 21.3bn yen in sales, while Japanese operations generated 18.5bn yen. The Singaporean business reported 7.2bn yen and Lansinoh generated 10.6bn yen.

The company maintains its full-year forecast of 109.7bn yen in net sales and 8.4bn yen profit attributable to owners.