Milbon, the leading company in hair cosmetics for salons, surged on expectations that it would announce and carry out an increase to its earnings forecast for the fiscal year ending December 2026 and a share buyback. The share price rose as high as ¥3,270, surpassing the year-to-date high of ¥2,960 set on 29 July.
Milbon, regarded as the leading specialist in hair cosmetics for salons, surged. Buying dominated the market on news that the company would raise its earnings forecast for the fiscal year ending December 2026 and conduct a share buyback, sending the share price as high as ¥3,270.
The article reports that the company indicated it planned to raise its earnings forecast for the fiscal year ending December 2026 and was expected to conduct a share buyback.
As of 1:43 p.m., the stock was trading higher than the previous day, and the article also reported that it had surpassed the year-to-date high of ¥2,960 set on 29 July.