Pilot Corporation reports mixed Q3 results: sales dip, operating profit up

For the nine months ended September 30, 2025, Pilot Corporation reported consolidated net sales of JPY 94,456 million, a 0.9% decrease year-on-year. Despite this, operating profit saw a marginal increase of 0.2% to JPY 14,266 million. Ordinary profit, however, declined by 4.8% to JPY 14,620 million, and profit attributable to owners of parent decreased by 12.8% to JPY 10,348 million. Basic earnings per share stood at JPY 270.23, down from JPY 302.33 in the prior period.

The company's financial position showed total assets at JPY 174,879 million, a JPY 1,822 million decrease from December 31, 2024. Net assets increased by JPY 1,510 million to JPY 143,089 million, largely due to a JPY 5,668 million increase in retained earnings and a JPY 3,940 million increase in treasury shares from an acquisition on May 9, 2025. The equity ratio improved to 81.3% from 79.1%.

Segment-wise, net sales in the Japan segment to external customers decreased by 3.6% to JPY 26,733 million, with segment operating profit down 13.6% to JPY 8,636 million. Conversely, the Asia segment saw a significant increase in net sales to external customers by 11.7% to JPY 17,391 million, and a remarkable 192.6% rise in segment operating profit to JPY 807 million. The forecast for the fiscal year ending December 31, 2025, remains unchanged.