Milbon Raises FY2026 Earnings Forecast on Strong Overseas Haircare Sales
Milbon (TSE:4919) has raised its full-year earnings guidance for the fiscal year ending December 2026, citing robust international demand for haircare products that is offsetting raw material cost pressures.
| Item | Before | After | Change | Change % |
|---|---|---|---|---|
| Revenue | JPY 54.8bn | JPY 55.6bn | JPY 0.8bn | 1.5% |
| Operating Profit | JPY 6.3bn | JPY 6.55bn | JPY 0.25bn | 4.0% |
| Ordinary Income | JPY 6.18bn | JPY 6.74bn | JPY 0.56bn | 9.1% |
| Net Profit | JPY 4.3bn | JPY 4.6bn | JPY 0.3bn | 7.0% |
| EPS | JPY 135.30/share | JPY 144.60/share | JPY 9.30/share | 6.9% |
The company attributed the upward revision to stronger-than-expected sales momentum in overseas markets, particularly for haircare products. While Milbon anticipates higher raw material and procurement costs in the second half due to Middle East geopolitical tensions, the revenue uplift is expected to more than offset these headwinds. The company maintained its dividend forecast unchanged.
The revision underscores Milbon’s resilience in international markets despite inflationary pressures. Operating profit climbs 4.0% while ordinary income (keijo rieki)—a Japan-specific metric encompassing operating profit plus non-operating income and expenses—rises 9.1%, reflecting improved financial performance beyond core operations. Net profit increases 7.0%, with earnings per share rising to JPY 144.60/share. For international investors, the ordinary income metric warrants attention as it differs materially from operating profit and can be significantly affected by financial income and expenses. The revision signals management confidence in sustained overseas demand momentum through year-end.
Source: Original filing (TDnet) | 日本語版
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