Overview
Other Products

PILOT CORPORATION

Pilot Corporation is a leading Japanese manufacturer and distributor of writing instruments and stationery products, including fountain pens, ballpoint pens, and mechanical pencils, with globally recognized brands such as FriXion and Dr. Grip. Beyond its core writing instruments business, the company operates in toys (e.g., Mell-chan dolls), jewelry and precious metal accessories derived from its fountain pen technology, and industrial materials including ceramics components. The company leverages strong product innovation and brand equity across Japan, the Americas, Europe, and Asia.

Market Cap
¥230B
US$1.46B
EV
¥195B
US$1.24B
Stock¥2,187.5▲+0.11%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
7.7
x
LTM EV/EBIT
10.3
x
LTM PER
15.6
x
LTM PBR
1.6
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+19.0%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Aug 7, 26Q2 FY2026/12 earnings announced
MC → EV Bridge
230BUS$1.46BMarket Cap7.53BUS$48.0M+ Debt34.4BUS$220M− Cash8.81BUS$56.2M− Inv. Sec.0.66BUS$4.20M+ NCI195BUS$1.24BEV
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Performance & Balance
Revenue 5Y (¥B)
103US$657M'21/12113US$720M'22/12119US$756M'23/12126US$805M'24/12126US$806M'25/12
EBITDA 5Y (¥B)
23.0US$147M'21/1225.1US$160M'22/1223.5US$150M'23/1222.9US$146M'24/1223.1US$147M'25/12
Net Income 5Y (¥B)
14.3US$91.0M'21/1215.8US$101M'22/1213.7US$87.1M'23/1215.2US$96.8M'24/1212.1US$76.9M'25/12
Capital Structure
95%
EquityD/E 0.05xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
50.5US$322M9.41US$60.0M'21/1251.9US$331M4.47US$28.5M'22/1247.0US$300M2.63US$16.8M'23/1248.9US$312M1.76US$11.2M'24/1248.1US$307M5.95US$37.9M'25/12
Shareholders
Top 10 hold 40.5%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
11.55%
2
Custody Bank of Japan, Ltd. (Trust Account)
7.83%
3
Asahi Mutual Life Insurance Company (Standing Proxy: Custody Bank of Japan, Ltd.)
3.22%
4
MUFG Bank, Ltd.
3.12%
5
Mizuho Trust & Banking Co., Ltd. (Retirement Benefit Trust, Mizuho Bank, Ltd. Account; Re-trustee: Custody Bank of Japan, Ltd.)
2.84%
6
Shochiku Co.,Ltd.
2.76%
7
KOREA SECURITIES DEPOSITORY-SHINHAN SECURITIES (Standing Proxy: Citibank, N.A., Tokyo Branch)
2.68%
8
Employee Stock Ownership Association
2.43%
9
Aichi Bank, Ltd.
2.03%
10
STATE STREET BANK AND TRUSTCOMPANY 505103 (Standing Proxy: Mizuho Bank, Ltd.)
2.00%
Management
10 officers
Fumio FUJISAKI
Representative Director, President
Apr 1984 Joined Pilot Pen Co., Ltd. (now Pilot Corporation) Sep 2011 General Manager, Corporate Planning Office, Pilot Corporation Mar 2015 Executive Officer, Pilot Corporation Mar 2019 Senior Executive Officer, Pilot Corporation Mar 2022 Director, Senior Executive Officer, Pilot Corporation Mar 2024 Representative Director, President and Executive Officer, Pilot Corporation (current)
1960-07-20
Takeshi KODAIRA
Representative Director
Apr 1985 Joined Pilot Pen Co., Ltd. (now Pilot Corporation) Mar 2015 General Manager, Manufacturing Department, Hiratsuka Plant, Pilot Pen Co., Ltd. Mar 2015 Executive Officer, Pilot Corporation Mar 2022 Director, Senior Executive Officer, Pilot Corporation Mar 2025 Representative Director, Senior Managing Executive Officer, Pilot Corporation (current)
1961-04-26
Toshiyuki KIGAWA
Director
Apr 1989 Joined Dai-Ichi Kangyo Bank, Ltd. (now Mizuho Bank, Ltd.) Oct 2012 General Manager, Namba Corporate Business Department II, Namba Branch, Mizuho Bank, Ltd. Apr 2014 General Manager, Umeda Corporate Business Department, Umeda Branch, Mizuho Bank, Ltd. Jan 2018 Joined Pilot Corporation Jul 2018 General Manager, Information Systems Office, Pilot Corporation Mar 2022 Executive Officer, General Manager, General Affairs Department, Pilot Corporation Mar 2026 Director, Managing Executive Officer, Pilot Corporation (current)
1964-10-30
Masanobu MURAMATSU
Director
Mar 1983 Registered as Certified Public Accountant Nov 1989 Registered as Certified Tax Accountant (registration cancelled Nov 2021) Nov 2012 Representative Partner, Gyosei Tax Accounting Corporation Jun 2013 Outside Audit and Supervisory Board Member, Yachiyo Industry Co., Ltd. Mar 2020 Outside Director, Pilot Corporation Dec 2021 Full-time Senior Advisor, Azabu Partners Tax Corporation (current) Mar 2022 Director (Audit and Supervisory Committee Member), Pilot Corporation Mar 2024 Director, Pilot Corporation (current)
1955-09-09
Yoshimi OGATA
Director
Apr 1984 Joined Tokyu Department Store Co., Ltd. Oct 2001 General Manager, Sales Division, Parfums Givenchy K.K. Jun 2007 Representative Director, Swatch Group Japan K.K. Sep 2010 Representative Director and President, Luxury Timepieces Japan K.K. (now Kering Japan K.K.) Oct 2018 Representative Director, Office Ogata Co., Ltd. (current) Mar 2026 Director, Pilot Corporation (current)
1960-06-30
Harunobu TERADA
Director (Full-time Audit and Supervisory Committee Member)
Apr 1988 Joined Pilot Pen Co., Ltd. (now Pilot Corporation) Mar 2022 General Manager, Accounting Department, Pilot Corporation Jul 2024 Executive Officer, Pilot Corporation Mar 2026 Director (Full-time Audit and Supervisory Committee Member), Pilot Corporation (current)
1965-08-15
Toshizo KAMIYAMA
Director (Audit and Supervisory Committee Member)
Apr 2001 Registered as Certified Public Accountant Nov 2010 Registered as Certified Tax Accountant Nov 2010 Representative Partner, Kamiyama Accounting Tax Corporation (current) Jul 2013 Audit and Supervisory Board Member, ATL Systems Co., Ltd. (current) Oct 2015 Representative Partner, Aruto Tsukiji Audit LLC (current) Mar 2020 Outside Audit and Supervisory Board Member, Pilot Corporation Mar 2022 Director (Audit and Supervisory Committee Member), Pilot Corporation (current) Jun 2023 Audit and Supervisory Board Member, Heibonsha Co., Ltd. (current) Oct 2025 Audit and Supervisory Board Member, NEXT Arc United Inc. (current)
1968-11-06
Tsuguyoshi FUJITA
Director (Audit and Supervisory Committee Member)
Apr 2000 Registered as Attorney-at-law Apr 2000 Attorney-at-law, Nagatacho Law Office Nov 2003 Partner Attorney-at-law, Nagatacho Law Office (current) Mar 2022 Director (Audit and Supervisory Committee Member), Pilot Corporation (current)
1969-10-17
Misuzu SHIBATA
Director
Oct 2000 Registered as Attorney-at-law Nov 2001 Partner Attorney-at-law, NS Sogo Law Office (current) Oct 2007 Deputy Director, Credit System Response Office, General Affairs Division, Supervisory Bureau, Financial Services Agency Apr 2017 Instructor in Civil Advocacy, Legal Training and Research Institute of the Supreme Court of Japan Jun 2017 Outside Director, Delica Foods Holdings Co., Ltd. (current) Jun 2020 Outside Director, SOMPO Holdings, Inc. (current) Jun 2020 Outside Director, Space Value Holdings Co., Ltd. Mar 2023 Director, Pilot Corporation (current)
1974-07-25
Hiroshi KONO
Director
Apr 1985 Joined Sony Corporation (now Sony Group Corporation) Apr 2003 Senior Vice President, Sony Electronics Inc. (U.S.) Apr 2012 Representative Director, President, Sony Marketing Inc. Jun 2012 Director, Sony Computer Entertainment Inc. Apr 2018 Representative Director, Executive Vice President, Sony Imaging Products & Solutions Inc. Apr 2021 Managing Executive Officer, Sony Corporation Apr 2024 Representative, Office K LLC (now Representative Director, Office K Co., Ltd.) (current) Jun 2024 Outside Director, Confidence Interworks Inc. (current) Mar 2025 Director, Pilot Corporation (current)
1962-06-11
Large Shareholding Reports
Mizuho Bank, Ltd.
2026-04-07
2.61%→2.67%
MUFG Bank, Ltd.
2026-03-16
4.11%→2.69%
Annual report (as of 2026-06-30): 3.12%
Mizuho Bank, Ltd.
2026-03-06
3.92%→2.61%
Mizuho Bank, Ltd.
2026-01-22
3.84%→3.92%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-08-07
Semi-Annual Securities Report
Period: Jan 2026 – Dec 2026
TDnet
2026-08-06
Q2 Earnings Flash
FY ending Dec 2026
TDnet
2026-05-11
Q1 Earnings Flash
FY ending Dec 2026
EDINET
2026-04-07
Large Shareholding Report
EDINET
2026-03-26
Annual Securities Report
Period: Jan 2025 – Dec 2025
EDINET
2026-03-16
Large Shareholding Report
EDINET
2026-03-06
Large Shareholding Report
EDINET
2026-01-22
Large Shareholding Report
TDnet
2025-11-06
Q3 Earnings Flash
FY ending Dec 2025
EDINET
2025-08-08
Semi-Annual Securities Report
Period: Jan 2025 – Dec 2025
EDINET
2025-05-09
Securities Registration Statement
TDnet
2025-05-09
Q1 Earnings Flash
FY ending Dec 2025
EDINET
2025-03-28
Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-08-08
Semi-Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-05-13
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-03-28
Annual Securities Report
Period: Jan 2023 – Dec 2023
EDINET
2023-11-08
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-08
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-05-11
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINET
2023-03-30
Annual Securities Report
Period: Jan 2022 – Dec 2022
EDINET
2022-11-08
Quarterly Securities Report
EDINET
2022-08-09
Quarterly Securities Report
EDINET
2022-05-11
Quarterly Securities Report
EDINET
2022-03-30
Annual Securities Report
EDINET
2021-11-09
Quarterly Securities Report
EDINET
2021-08-11
Quarterly Securities Report
EDINET
2021-05-11
Quarterly Securities Report
EDINET
2021-03-30
Annual Securities Report
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