Pilot (TSE:7846) Construction In Progress: 円4,269 Mil (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:7846 Pilot Corp TSE:7846
76 GF Score
Price 円2,090.00
GF Value 円1,790.02
Valuation Modestly Overvalued
! 7 Warning Signs
View Full Analysis

What is Pilot Construction In Progress?

Pilot TSE:7846 +2.93% 76 Construction In Progress is 円4,269 Mil as of Jun. 2026. GuruFocus rates TSE:7846 with a GF Score™ of 76/100 and a GF Value™ of 円1,790.02 (Modestly Overvalued). The stock has 7 warning signs investors should review.

Pilot's quarterly construction in progress increased from Dec. 2025 (円3,073 Mil) to Mar. 2026 (円4,253 Mil) and increased from Mar. 2026 (円4,253 Mil) to Jun. 2026 (円4,269 Mil).

Pilot's annual construction in progress declined from Dec. 2023 (円5,612 Mil) to Dec. 2024 (円4,295 Mil) and declined from Dec. 2024 (円4,295 Mil) to Dec. 2025 (円3,073 Mil).


Pilot Construction In Progress Historical Data

* Premium members only.

The historical data trend for Pilot's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Pilot Construction In Progress Chart

Pilot Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 745.00 2,874.00 5,612.00 4,295.00 3,073.00

Pilot Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2,966.00 3,805.00 3,073.00 4,253.00 4,269.00
TSE:7846
76GF Score
Pilot Corp TSE:7846
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Pilot Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of 円4,269 Mil mean?
Pilot (TSE:7846) has a Construction In Progress of 円4,269 Mil as of Jun. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Pilot and its competitors.
Is Pilot's Construction In Progress too high?
Pilot's current Construction In Progress is 円4,269 Mil. Overall, Pilot has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pilot's Construction In Progress compare to competitors?
Pilot's Construction In Progress of 円4,269 Mil can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for an Industrial Products company?
A good Construction In Progress depends on the Industrial Products industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Pilot and its competitors. Pilot's current Construction In Progress is 円4,269 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pilot stock overvalued right now?
Based on GuruFocus' analysis, Pilot (TSE:7846) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,790.02, compared to a current price of 円2,090.00 — trading 16.8% above its estimated fair value. The current Construction In Progress is 円4,269 Mil. Pilot's overall GF Score™ is 76/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Pilot (TSE:7846), the current Construction In Progress is 円4,269 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Pilot (TSE:7846) Overvalued in 2026?

Based on GuruFocus' analysis, Pilot stock appears to be overvalued. The current stock price of 円2,090.00 is trading 16.8% above its estimated GF Value™ of 円1,790.02. GuruFocus considers Pilot to be Modestly Overvalued.

Key valuation signals for TSE:7846:

  • Construction In Progress: 円4,269 Mil
  • GF Value™: 円1,790.02 vs. price of 円2,090.00 (16.8% above fair value)
  • GF Score™: 76/100 with 7 warning signs

No single metric tells the full story. See the TSE:7846 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Pilot Business Description

Other Exchanges POGHF:USA
Address 2-6-21 Kyobashi, Chuo-ku, Tokyo, JPN, 104-8304
Pilot Corp is a Japanese company that manufactures, purchases, and distributes stationery items, including writing instruments, other stationery products, and toys, and relevant services. The company operates through four segments: Japan, the Americas, Europe, and Asia. The Japan segment distributes products through direct sales to retail stores in Japan, and this segment contributes a majority proportion of total group revenue. The Americas segment is mainly engaged in the manufacture and sales of ball pens in the United States, Mexico, and Brazil. The Europe segment operates in Sweden, the United Kingdom, Germany, France, and others. The Asia segment provides writing materials in Taiwan, mainland China, Hong Kong, Indonesia, Malaysia, and Singapore.
76GF Score

Get the complete analysis for TSE:7846

Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円2,090.00
Price
円1,790.02
GF Value