Pilot Corporation (7846) AI Stock Analysis

• Market Cap: ¥164.69B
• Dividend Yield: 2.87%
• Average Volume (3M): 74.46K
• Price to Earnings (P/E): 11.6
• Beta (1Y): 0.42
• Revenue Growth: 5.42%
• EPS Growth: 13.99%
• Country: JP
• Employees: 2,965
• Sector: Industrials
• Sector Strength: 94
• Industry: Business Equipment & Supplies
• EPS (TTM): 48.16
• Shares Outstanding: 40,905,200
• 10 Day Avg. Volume: 70,630
• 30 Day Avg. Volume: 74,463
• PEG Ratio: -2.15
• Price to Book (P/B): 1.17
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ¥4,600.00
• Price Target Upside: 7.63% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

• Rating: 81 Outperform
• Price Target: ¥4,665.00 ▲(9.15%Upside)

Pilot Corporation's stock is rated positively due to its strong financial performance and attractive valuation. The technical analysis presents a neutral outlook, indicating some potential for price appreciation. The absence of earnings call and corporate events data limits additional insights, but overall, the stock appears well-positioned for growth with solid fundamentals and attractive valuation.

Pilot Corporation Business Overview & Revenue Model

Company Description

Pilot Corporation (7846) is a renowned Japanese company primarily engaged in the manufacture and sale of writing instruments. Founded in 1918, the company operates across various sectors, including stationery, office supplies, and related accessories. Pilot is well-known for its innovative and high-quality products, such as pens, mechanical pencils, markers, and fountain pens, catering to both individual consumers and businesses worldwide.

How the Company Makes Money

Pilot Corporation generates revenue through the design, production, and sale of a wide range of writing instruments and stationery products. The company's primary revenue streams include the sale of pens, pencils, markers, and other writing tools, which are distributed through an extensive network of retailers and wholesalers globally. Additionally, Pilot Corporation capitalizes on brand loyalty and innovation by regularly introducing new products and limited editions, which often command premium pricing. Strategic partnerships with distributors and retailers, coupled with effective marketing campaigns, further bolster its market presence and financial performance.

Pilot Corporation Financial Statement Overview

Summary

Pilot Corporation demonstrates strong financial health with solid revenue growth, high profitability margins, and a stable balance sheet with low leverage. Cash flow generation is robust, although there's room for improvement in cash conversion. Overall, the company is well-positioned for future growth.

Income Statement

Pilot Corporation exhibits strong revenue growth with a 6.40% increase in total revenue from 2023 to 2024. The gross profit margin stands at 51.30%, indicating efficient cost management. The net profit margin is robust at 12.03%, reflecting strong profitability. However, EBIT margin decreased slightly to 14.11%, indicating a slight increase in operational costs. Overall, the company shows solid growth and profitability metrics.

Balance Sheet

The balance sheet reflects strong equity with an equity ratio of 79.15%, showcasing financial stability. The debt-to-equity ratio is low at 0.01, indicating minimal leverage risk. Return on Equity (ROE) is healthy at 10.86%, reflecting efficient use of equity capital. The company maintains a strong cash position, enhancing its financial resilience. Overall, the balance sheet presents a stable financial position with low leverage.

Cash Flow

The company reported a significant increase in operating cash flow to net income ratio at 1.50, showing strong cash generation capability. Free cash flow increased substantially by 29.89%, demonstrating efficient capital allocation. However, the free cash flow to net income ratio is relatively moderate at 0.76, suggesting room for improvement in converting profits into free cash flow. Overall, the cash flow statement highlights robust cash generation with potential for better cash conversion.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	126.17B	118.59B	112.85B	103.06B	87.10B
Gross Profit	64.73B	61.88B	60.11B	54.19B	45.24B
EBITDA	22.93B	23.66B	25.07B	24.29B	18.47B
Net Income	15.18B	13.66B	15.77B	14.27B	9.93B
Balance Sheet
Total Assets	176.70B	166.47B	156.54B	143.16B	123.57B
Cash, Cash Equivalents and Short-Term Investments	39.98B	39.17B	46.13B	46.52B	38.31B
Total Debt	855.00M	2.63B	4.46B	9.41B	14.48B
Total Liabilities	35.12B	34.12B	38.55B	40.81B	35.70B
Stockholders Equity	139.85B	130.41B	116.55B	101.05B	86.74B
Cash Flow
Free Cash Flow	11.54B	888.00M	9.24B	16.24B	10.08B
Operating Cash Flow	22.73B	10.18B	13.75B	19.82B	15.14B
Investing Cash Flow	-11.05B	-10.71B	-5.35B	-3.60B	-4.46B
Financing Cash Flow	-11.04B	-7.38B	-8.37B	-7.96B	-5.40B

Pilot Corporation Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 4274.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:7846, the sentiment is Positive. The current price of 4274 is above the 20-day moving average (MA) of 4120.93, above the 50-day MA of 4021.06, and below the 200-day MA of 4278.63, indicating a neutral trend. The MACD of 60.33 indicates Negative momentum. The RSI at 72.43 is Negative, neither overbought nor oversold. The STOCH value of 87.28 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:7846.

Pilot Corporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
7846	81 Outperform	¥164.69B	11.61		2.87%	5.42%	13.99%
7984	74 Outperform	€409.74B	20.77	7.55%	2.33%	2.90%	-14.49%
7976	73 Outperform	¥109.19B	10.70		2.13%	20.31%	6.00%
Sector *	71 Outperform	¥263.98B	13.78	8.47%	2.91%	6.34%	13.00%
7975	70 Neutral	¥3.91B	10.34		2.17%	4.21%	―
7962	51 Neutral	¥23.69B	159.34		1.68%	1.78%	-46.92%
7992	46 Neutral	¥3.62B	―		―	6.93%	33.43%

Pilot Corporation Corporate Events

Pilot Corporation Advances Treasury Share Acquisition

Pilot Corporation announced the progress of its acquisition of treasury shares, acquiring 264,700 common shares for approximately 1.067 billion yen between June 2 and June 30, 2025. This move is part of a broader resolution to acquire up to 1.6 million shares, aiming to enhance shareholder value and optimize capital structure.

Pilot Corporation Announces Treasury Share Disposal for Executive Incentive Plan

Pilot Corporation announced the disposal of 60,300 treasury shares through a third-party allotment to The Master Trust Bank of Japan, as part of its Executive Remuneration Board Incentive Plan. This move is intended to motivate directors and executive officers to enhance corporate value, with a minor impact on stock market dilution.

Pilot Corporation Announces Treasury Share Acquisition to Boost Shareholder Value

Pilot Corporation’s Board of Directors has resolved to acquire up to 1.6 million of its own shares, valued at a maximum of 6 billion yen, as part of its strategy to enhance shareholder value and improve capital efficiency. This move aligns with the company’s 2025-2027 Medium-Term Management Plan, which aims to balance dividends and share repurchases, targeting a total payout ratio of 50% or more, while supporting its 2030 Vision for sustainable growth through strategic investments.

Pilot Corporation Reports Q1 2025 Financial Results with Mixed Performance

Pilot Corporation reported its consolidated financial results for the first quarter of 2025, showing a slight increase in net sales by 1.1% to ¥29,118 million compared to the previous year. However, the profit attributable to owners of the parent decreased by 31.3% to ¥1,856 million. The company also announced the acquisition of treasury shares, which impacted the basic earnings per share. Despite the decrease in profit, the company maintains a strong equity ratio of 81.4%, indicating a stable financial position.