Pilot Corporation
Pilot Corporation engages in the manufacturing, purchase, and sale of writing instruments and other stationery goods in Japan, the United States, Europe, and Asia. The company is involved in the manufacturing and sale of fountain pens, ballpoint pens, mechanical pencils, markers, and other products. It also offers stationery goods, such as planners and notebooks, as well as toys, ceramics product… Read more
Pilot Corporation (POGHF) - Net Assets
Latest net assets as of June 2025: $143.84 Billion USD
Based on the latest financial reports, Pilot Corporation (POGHF) has net assets worth $143.84 Billion USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($176.17 Billion) and total liabilities ($32.34 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $143.84 Billion |
| % of Total Assets | 81.64% |
| Annual Growth Rate | 11.76% |
| 5-Year Change | 61.12% |
| 10-Year Change | N/A |
| Growth Volatility | 3.74 |
Pilot Corporation - Net Assets Trend (2019–2024)
This chart illustrates how Pilot Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Pilot Corporation (2019–2024)
The table below shows the annual net assets of Pilot Corporation from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $141.58 Billion | +6.98% |
| 2023-12-31 | $132.34 Billion | +12.17% |
| 2022-12-31 | $117.99 Billion | +15.28% |
| 2021-12-31 | $102.35 Billion | +16.47% |
| 2020-12-31 | $87.87 Billion | +8.25% |
| 2019-12-31 | $81.18 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Pilot Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 42.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $136.13 Billion | 97.34% |
| Other Components | $3.72 Billion | 2.66% |
| Total Equity | $139.85 Billion | 100.00% |
Pilot Corporation Competitors by Market Cap
The table below lists competitors of Pilot Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Lincoln Educational Services
NASDAQ:LINC
|
$1.02 Billion |
|
Micro Tech Nanjing Co Ltd
SHG:688029
|
$1.02 Billion |
|
Chengdu Kanghong Pharmaceuticals Group Co Ltd
SHE:002773
|
$1.02 Billion |
|
Endo, Inc.
OTCQX:NDOI
|
$1.02 Billion |
|
Bangchak Corporation Public Company Limited
BK:BCP-R
|
$1.02 Billion |
|
China Meheco Co Ltd
SHG:600056
|
$1.02 Billion |
|
EVEREST MED.LTD DL-0001
F:6HN
|
$1.02 Billion |
|
Juventus Football Club S.p.A
PINK:JVTSF
|
$1.02 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Pilot Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 130,408,000,000 to 139,850,000,000, a change of 9,442,000,000 (7.2%).
- Net income of 15,181,000,000 contributed positively to equity growth.
- Dividend payments of 4,048,000,000 reduced retained earnings.
- Share repurchases of 4,486,000,000 reduced equity.
- Other factors increased equity by 2,795,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $15.18 Billion | +10.86% |
| Dividends Paid | $4.05 Billion | -2.89% |
| Share Repurchases | $4.49 Billion | -3.21% |
| Other Changes | $2.79 Billion | +2.0% |
| Total Change | $- | 7.24% |
Book Value vs Market Value Analysis
This analysis compares Pilot Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.01x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $2023.37 | $28.55 | x |
| 2020-12-31 | $2199.10 | $28.55 | x |
| 2021-12-31 | $2561.98 | $28.55 | x |
| 2022-12-31 | $2954.52 | $28.55 | x |
| 2023-12-31 | $3305.70 | $28.55 | x |
| 2024-12-31 | $3628.69 | $28.55 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Pilot Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.86%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.03%
- • Asset Turnover: 0.71x
- • Equity Multiplier: 1.26x
- Recent ROE (10.86%) is below the historical average (12.85%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 16.64% | 12.80% | 0.82x | 1.58x | $5.30 Billion |
| 2020 | 11.45% | 11.40% | 0.70x | 1.42x | $1.26 Billion |
| 2021 | 14.12% | 13.85% | 0.72x | 1.42x | $4.16 Billion |
| 2022 | 13.53% | 13.98% | 0.72x | 1.34x | $4.12 Billion |
| 2023 | 10.48% | 11.52% | 0.71x | 1.28x | $620.20 Million |
| 2024 | 10.86% | 12.03% | 0.71x | 1.26x | $1.20 Billion |
Industry Comparison
This section compares Pilot Corporation's net assets metrics with peer companies in the Business Equipment & Supplies industry.
Industry Context
- Industry: Business Equipment & Supplies
- Average net assets among peers: $111,823,529,426
- Average return on equity (ROE) among peers: -16.85%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Pilot Corporation (POGHF) | $143.84 Billion | 16.64% | 0.22x | $1.02 Billion |
| Acco Brands Corporation (ACCO) | $773.70 Million | 13.80% | 2.60x | $277.61 Million |
| Acacia Research Corporation (ACTG) | $35.79 Million | -15.23% | 0.12x | $171.69 Million |
| Brother Industries Ltd (BRTHF) | $412.49 Billion | 12.13% | 0.72x | $4.64 Billion |
| Champion Industries Inc (CHMP) | $22.93 Million | -120.00% | 3.40x | $2.10 |
| Ennis Inc (EBF) | $316.40 Million | 13.15% | 0.51x | $478.58 Million |
| Eshallgo Inc. Class A Ordinary Shares (EHGO) | $16.56 Million | -65.22% | 0.50x | $3.54 Million |
| Koala Corporation (KARE) | $39.74 Million | 10.15% | 1.30x | $1.91 |
| Konica Minolta Inc (KNCAY) | $474.08 Billion | -10.02% | 1.57x | $2.08 Billion |
| Kokuyo Co., Ltd. (KUKYF) | $230.10 Billion | 5.96% | 0.41x | $2.53 Billion |
| Pricer AB (publ) (PCRBF) | $353.17 Million | -13.17% | 0.40x | $73.82 Million |