Milbon Co., Ltd.

FY2021 First Quarter (January 1, 2021 -March 31, 2021)

Financial Results Presentation Materials

May 11, 2021

© 2021 MILBON Co., Ltd.

Table of Contents

P2 Consolidated Operating Results

P3 Consolidated Sales by Product Category

P14 Consolidated Statement of Earnings

P15 Consolidated Trends in Capital Expenditures and R&D Expenses

P16 Trends in Market Related Data, Trends in FPs

P17 Consolidated Net Sales in Japan and Overseas

P18 Consolidated Operating Income in Japan and Overseas

P19 Outlook of Overseas Subsidiaries

P22 Appendix

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

© 2021 MILBON Co., Ltd.

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1

Consolidated Operating Results (FY2021 3 months)

  • Against the backdrop of heightened awareness of hair in mask lifestyles, the company collaborated with distributors to develop activities closely linked to salons. As a result, consolidated sales rose 14.9% YoY.
  • Operating income increased year-on-year due to the absorption of fixed costs associated with the increase in sales and a significant decrease in activity costs such as travel expenses and event expenses under the Emergency Declaration.

(Unit: million yen)

FY2020

% total

FY2021

% total

Increase/

Increase/

3 months

3 months

Decrease

ratio (%)

Decrease

Net sales

7,825

100.0

8,989

100.0

1,163

14.9

Gross profit

5,233

66.9

5,950

66.2

716

13.7

SG&A expenses

4,202

53.7

4,316

48.0

114

2.7

Operating income

1,031

13.2

1,633

18.2

602

58.4

Ordinary income

835

10.7

1,502

16.7

666

79.8

Profit attributable to

601

7.7

1,091

12.1

489

81.4

owners of parent

© 2021 MILBON Co., Ltd.

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2

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

Consolidated Sales (FY2021 3 months)

(Unit: million yen)

FY2020

FY2021

Increase/

Increase/

3 months

3 months

Decrease

Decrease ratio (%)

4,424

4,975

551

12.5

  • Premium brands up 25.6% YoY. In Aujua, the new Hair Care Series Repairlity Line, which specializes in breach hair, which has increased in recent years, met market needs. As a result, Aujua brand as a whole grew 22.6% YoY. Sales of Global Milbon rose 35.3% YoY, driven by growth in sales abroad, particularly in the US and China.
  • In February, the company launched GRANDLINKAGE, a new product that is expected to be a mainstay brand for professional brands. Expectations for the creation of a contact point in the future.

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

© 2021 MILBON Co., Ltd.

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3

Consolidated Sales by Product Category [Hair Care Products (2)]

New Products

FY2021 3 months

Aujua Hair care Series Repairlity Line

A hair care series that cares for hair damage due to bleach and makes a smooth hair from inside.

(Unit: million yen)

FY2021 target

FY2021

Progress rate (%)

3 months

800

221

27.7

GRANDLINKAGE

A new color care brand that sustains the colors and bundles immediately after salon color.

(Unit: million yen)

FY2021 target

FY2021

Progress rate (%)

3 months

1,200

251

20.9

February 10, 2021 Debut

February 9, 2021 Debut

© 2021 MILBON Co., Ltd.

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4

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Milbon Co. Ltd. published this content on 19 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 May 2021 01:01:03 UTC.