For the quarter ended 31 March, net profit reached Y2.68bn from Y1.86bn, while revenue increased to Y31.53bn from Y29.12bn.
Operating profit fell to Y4.15bn from Y4.63bn, but pretax profit rose to Y4.58bn from Y4.09bn and earnings per share climbed to Y74.08 from Y48.16.
The Japanese pen maker said the results were prepared under Japanese accounting standards, showing stronger bottom-line performance despite weaker operating profit in the latest quarter.
With net profit soaring, why did Pilot's core operating profit fall, and what does this reveal about its future?
How would Pilot's results look to global investors if reported under international standards instead of Japan's unique JGAAP?