Milbon Co., Ltd.

FY2021 Second Quarter (January 1, 2021 - June 30, 2021)

Financial Results Presentation Materials

August 6, 2021

© 2021 MILBON Co., Ltd.

Table of Contents

P3 Consolidated Operating Results

P4 Consolidated Sales by Product Category

P15 Consolidated Statement of Earnings

P16 Consolidated Trends in Capital Expenditures and R&D Expenses

P17 Trends in Market Related Data, Trends in FPs

P18 Consolidated Net Sales in Japan and Overseas

P19 Consolidated Operating Income in Japan and Overseas

P20 Outlook of Overseas Subsidiaries

P22 Appendix

P23 Progress in FY2021 (62th Term)

NOTE :Figures by brand are based on consolidated gross sales figures.

© 2021 MILBON Co., Ltd.

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Milbon Group

Financial Results for

FY2021 (62th Term) Second Quarter

Masahiro Murai, Executive Director

© 2021 MILBON Co., Ltd.

Consolidated Operating Results (FY2021 6 months)

  • Despite differences depending on the area, customers began to return to salons, and also due to an increase in store sales, compared to last year, which was significantly affected by COVID-19, sales increased significantly by 23.3%. Operating profit also rose 53.2% due to restrictions on activities following COVID- 19, which has continued since last year, and the effect of higher sales.

(Unit: million yen)

FY2020

% total

FY2021

% total

Increase/

Increase/

6 months

6 months

Decrease

ratio (%)

Decrease

Net sales

15,869

100.0

19,558

100.0

3,689

23.3

Gross profit

10,540

66.4

12,907

66.0

2,367

22.5

SG&A expenses

8,151

51.4

9,248

47.3

1,097

13.5

Operating income

2,388

15.1

3,659

18.7

1,270

53.2

Ordinary income

2,102

13.3

3,355

17.2

1,252

59.5

Profit attributable to

1,451

9.1

2,413

12.3

962

66.3

owners of parent

© 2021 MILBON Co., Ltd.

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Consolidated Sales by Product Category [Hair Care Products (1)]

Consolidated Sales (FY2021 6 months)

(Unit: million yen)

FY2020

FY2021

Increase/

Increase/

6 months

6 months

Decrease

Decrease ratio (%)

9,391

11,288

1,896

20.2

  • Sales of premium brands grew significantly (+33.8% YoY) on the back of consumers' growing awareness of hair and salons' heightened awareness of store sales. Aujua rose 30.1% YoY, as the Hair Care Series Repairlity Line, launched in February, became a hit due to its response to damages to fashionable bleach hair and its high sensitivity. Global Milbon sales increased 46.6% YoY due to continued steady growth overseas, including in the U.S. and China. Expectations for future growth of PREMIUM Position launched in June.
  • In professional brands, sales rose 11.9% YoY due to GRANDLINKAGE launched in February and the new Elujuda Bleach Care product, which captures breach care needs launched in June.

* Sales growth by brand is based on consolidated gross sales.

© 2021 MILBON Co., Ltd.

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Milbon Co. Ltd. published this content on 19 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 August 2021 02:03:03 UTC.