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Presentation materials for financial results4919Milbon Co.,Ltd.Materials and Chemicals

Milbon Co., Ltd. Financial Results Presentation for the Second Quarter of the Fiscal Year Ending December 2026 (67th Fiscal Year)

In the first half of FY2026, strong overseas operations, higher revenue and an improved gross profit margin drove revenue and operating profit above both the previous-year period and the company's plan. Accordingly, the full-year forecasts were revised upward to revenue of ¥55.6 billion and operating profit of ¥6.55 billion, and a share buyback was approved.

Worth reading
82Important
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
72.7
Year-on-year change in operating profit (%)
Wording
Definitive
How definitive the wording is.

Contents of this document

Presentation materials for financial resultsSecond quarter of the fiscal year ending December 202611 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥26,878 million+8.3%
Operating profit¥3,347 million+72.7%
Ordinary income¥3,499 million+88.8%
Net income¥2,416 million+476.5%
Gross Profit Margin63.8%
Operating profit margin12.5%
Selling, general and administrative expenses¥13,788 million
Results for the three months of the current quarter
Net Sales
¥14,463 million
Operating profit
¥2,097 million
Ordinary income
¥2,162 million
Net income
¥1,400 million
Full-year earnings forecast
Net Sales
¥55,600 million
Gross profit
¥34,900 million
Selling, general and administrative expenses
¥28,350 million
Operating profit
¥6,550 million
Ordinary income
¥6,740 million
Net income
¥4,600 million
ROE
9.3 %
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Revenue was 2.9% above plan and operating profit was 39.5% above plan, substantially exceeding the company's plan
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Gross profit increase from higher sales¥1,295 million
  • Increase in Gross Profit Margin¥339 million
  • Lower inventory write-downs¥164 million
  • Other gross profit factors¥175 million
  • Lower promotional expenses¥177 million
  • Decrease in R&D expenses¥5 million
  • Personnel expenses¥-234 million
  • Logistics Costs¥-136 million
  • Travel and transportation expenses¥-9 million
  • Other expenses¥-131 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Additional raw material and supply costs due to the situation in the Middle East¥500 million
New initiatives
  • New hair-color brand Pretowa scheduled for launch on 10 September 2026
  • New styling series for men scheduled for launch in the second half
  • Share buyback of up to ¥1.8 billion
  • Direction of the next medium-term business plan, including productivity improvements through the use of DX and AI
Key KPIsA metric the company considers important as a management benchmark.
  • Domestic hair-care product revenue growth4.4 %
    Year on year against the same period last year+4.4%
  • Overseas revenue growth (yen basis)24.7 %
    Year on year against the same period last year+24.7%
  • Overseas revenue growth (local-currency basis)16.7 %
    Year on year against the same period last year+16.7%
  • Number of salons carrying Aujua8,724 facilities
    Year on year against the same period last year8,217 salons in the previous-year period
  • Number of salons carrying Global Milbon35,918 facilities
    Year on year against the same period last year31,755 salons in the previous-year period
  • New product revenue4.5 Hundreds of millions of yen
Segment results
Japan
Net Sales
¥18,993 million+2.8%
Operating profit
¥2,161 million+31.6%
Overseas expansion
Net Sales
¥7,884 million+24.7%
Operating profit
¥1,185 million+398.1%
South Korea
Net Sales
¥2,975 million+15.5%
Operating profit
¥1,108 million+23.8%
China
Net Sales
¥1,515 million+27.0%
Operating profit
¥209 million+78.7%
United States
Net Sales
¥1,668 million+45.0%
Operating profit
¥274 million
EU
Net Sales
¥383 million+59.3%
Operating profit
¥-33 million
Other
Net Sales
¥1,341 million+15.5%
Operating profit
¥249 million+132.4%
Financial targets
ROE
Full-year forecast9.3 %
Risk amount incorporated into the outlookThe amount representing the range of variation the company expects in its forecast.
¥500 million
DetailsHigher raw material and supply costs due to the situation in the Middle East
Market Size / Share
  • Markets and RegionsSouth Korea
    ShareEstimated No. 2
  • Markets and RegionsChina
    ShareEstimated No. 4
  • Markets and RegionsWestern United States
    ShareNo. 1 among major distributors
  • Markets and RegionsEastern United States
    ShareNo. 1 among major distributors
Annual Dividend
Annual¥88 per share
Interim¥40 per share
End of period¥48 per share
Acquisition of treasury shares
Buyback limitUp to ¥1.8 billion
Contents of this document
ItemDetails
Document typePresentation materials for financial results
Fiscal Period CoveredSecond quarter of the fiscal year ending December 2026
Net Sales¥26,878 million (YoY +8.3%)
Operating profit¥3,347 million (YoY +72.7%)
Ordinary income¥3,499 million (YoY +88.8%)
Net income¥2,416 million (YoY +476.5%)
Gross Profit Margin63.8%
Operating profit margin12.5%
Selling, general and administrative expenses¥13,788 million
Results for the three months of the current quarterNet Sales ¥14,463 million / Operating profit ¥2,097 million / Ordinary income ¥2,162 million / Net income ¥1,400 million
Full-year earnings forecastNet Sales ¥55,600 million / Gross profit ¥34,900 million / Selling, general and administrative expenses ¥28,350 million / Operating profit ¥6,550 million / Ordinary income ¥6,740 million / Net income ¥4,600 million / ROE 9.3 %
Self-assessment against the planRevenue was 2.9% above plan and operating profit was 39.5% above plan, substantially exceeding the company's plan
Segment resultsJapan Net Sales ¥18,993 million (YoY +2.8%) / Operating profit ¥2,161 million (YoY +31.6%) / Overseas expansion Net Sales ¥7,884 million (YoY +24.7%) / Operating profit ¥1,185 million (YoY +398.1%) / South Korea Net Sales ¥2,975 million (YoY +15.5%) / Operating profit ¥1,108 million (YoY +23.8%) / China Net Sales ¥1,515 million (YoY +27.0%) / Operating profit ¥209 million (YoY +78.7%) / United States Net Sales ¥1,668 million (YoY +45.0%) / Operating profit ¥274 million / EU Net Sales ¥383 million (YoY +59.3%) / Operating profit ¥-33 million / Other Net Sales ¥1,341 million (YoY +15.5%) / Operating profit ¥249 million (YoY +132.4%)
Breakdown of Factors Affecting the ChangeFactors Gross profit increase from higher sales / Amount ¥1,295 million, Factors Increase in Gross Profit Margin / Amount ¥339 million, Factors Lower inventory write-downs / Amount ¥164 million, Factors Other gross profit factors / Amount ¥175 million, Factors Lower promotional expenses / Amount ¥177 million, Factors Decrease in R&D expenses / Amount ¥5 million, Factors Personnel expenses / Amount ¥-234 million, Factors Logistics Costs / Amount ¥-136 million, Factors Travel and transportation expenses / Amount ¥-9 million, Factors Other expenses / Amount ¥-131 million
Key KPIsIndicator name Domestic hair-care product revenue growth / Value 4.4 % / Year on year against the same period last year 4.4 %, Indicator name Overseas revenue growth (yen basis) / Value 24.7 % / Year on year against the same period last year 24.7 %, Indicator name Overseas revenue growth (local-currency basis) / Value 16.7 % / Year on year against the same period last year 16.7 %, Indicator name Number of salons carrying Aujua / Value 8,724 facilities / Year on year against the same period last year 8,217 salons in the previous-year period, Indicator name Number of salons carrying Global Milbon / Value 35,918 facilities / Year on year against the same period last year 31,755 salons in the previous-year period, Indicator name New product revenue / Value 4.5 Hundreds of millions of yen / Year on year against the same period last year Not disclosed
Assumptions Underlying the Business OutlookAdditional raw material and supply costs due to the situation in the Middle East ¥500 million
Risk amount incorporated into the outlookAmount ¥500 million / Details Higher raw material and supply costs due to the situation in the Middle East
Financial targetsROE Full-year forecast 9.3 %
Annual DividendAnnual ¥88 per share / Interim ¥40 per share / End of period ¥48 per share
Acquisition of treasury sharesBuyback limit Up to ¥1.8 billion / Period Not disclosed
Market Size / ShareMarkets and Regions South Korea / Share Estimated No. 2, Markets and Regions China / Share Estimated No. 4, Markets and Regions Western United States / Share No. 1 among major distributors, Markets and Regions Eastern United States / Share No. 1 among major distributors
New initiativesNew hair-color brand Pretowa scheduled for launch on 10 September 2026, New styling series for men scheduled for launch in the second half, Share buyback of up to ¥1.8 billion, Direction of the next medium-term business plan, including productivity improvements through the use of DX and AI
Items this document does not state (9)
Progress against full-year forecastUnit price and quantity metricsNumber of stores and locationsNumber of employeesMedium-term management plan targetsPayout ratioCapital expendituresOrders received and order backlogKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

Strong overseas operations, the effect of higher revenue, an improved gross profit margin and the timing shift of certain SG&A expenses boosted operating profit. The revised full-year forecasts assume an increase in gross profit from the upward revision to revenue, while incorporating higher raw material and supply costs due to the situation in the Middle East.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Milbon Co., Ltd. Financial Results Presentation for the Second Quarter of the Fiscal Year Ending December 2026 (67th Fiscal Year) | Milbon Co.,Ltd. (4919) timely disclosure | Komori