Milbon : Summary of Financial Results for the second quarter 2020

August 6, 2020

To Whom It May Concern

Company Name	Milbon Co., Ltd.
Representative	Ryuji Sato, President and CEO
(Code Number: 4919 - First Section of the Tokyo Stock Exchange)
Inquiries	Masahiro Murai, Executive Director

(with revisions and revisions of numerical data)

Partial Revision of " Consolidated Financial Results for the Six Months Ended June 30, 2020 [Japanese GAAP] "

There were some items that should be partially revised with regard to the "" Consolidated Financial Results for the Six Months Ended June 30, 2020 [Japanese GAAP] ", which was announced on August 5, 2020. We will inform you as follows.

The parts to be corrected are underlined.

(Summary Information)

3. Consolidated operating forecasts for the fiscal year ending December 31, 2020 (January 1, 2020 - December 31, 2020)

[Before correction]

(Percentages show year-on-year changes.)

	Net		Operating income	Ordinary income	Profit attributable to	Basic earnings
	sales		owners of parent	per share
Year ending	Million yen		％	Million yen	％	Million yen	％	Million yen	％	Yen
December 31, 2020	34,900		96.2	5,930	87.8	5,280	84.7	3,840	85.0	117.95
[After correction]
							(Percentages show year-on-year changes.)
	Net sales		Operating income	Ordinary income	Profit attributable to	Basic earnings
		owners of parent	per share
Year ending	Million yen		%	Million yen	%	Million yen	%	Million yen	%	Yen
December 31, 2020	34,900		(3.8)	5,930	(12.2)	5,280	(15.3)	3,840	(15.0)	117.95

Consolidated Financial Results for the Six Months Ended June 30, 2020

[Japanese GAAP]

			August 5, 2020
Name of registrant:	Milbon Co., Ltd.	Tokyo Stock Exchange, First Section
Code No.:	4919	URL http://www.milbon.co.jp
Representative:	Ryuji Sato, President and CEO
Inquiries:	Masahiro Murai, Executive Director	TEL: [phone]
Scheduled filing date for quarterly report: August 7, 2020

Scheduled starting date of dividend payments: August 28, 2020

Preparation of supplementary materials on the quarterly results: Yes

Holding of an explanatory meeting on the quarterly results: Yes (For institutional investors and analysts)

(Amounts of less than one million yen have been omitted.)

1. Consolidated financial results for the six months ended June 30, 2020 (January 1, 2020 - June 30, 2020)

		(1) Consolidated operating results															(Percentages show year-on-year	changes.)
						Net sales					Operating income	Ordinary income		Profit attributable to owners
											of parent
						Million yen	%				Million yen	%		Million yen	%		Million yen	%
			Six months ended June 30, 2020	15,869		(8.0)			2,388		(22.7)		2,102		(25.6)	1,451		(27.4)
			Six months ended June 30, 2019			17,242		6.1				3,089		3.8		2,824		2.8		1,999		(6.4)
(Note) Comprehensive income	Six months ended June 30, 2020: 515 million yen [(72.9)%]	Six months ended June 30, 2019: 1,900 million yen [(14.8)%]
						Basic earnings per share		Diluted earnings per share
								Yen				Yen
	Six months ended June 30, 2020					44.57			-
	Six months ended June 30, 2019					61.07			-
(2) Consolidated financial position
						Total assets					Net assets			Equity ratio
							Million yen			Million yen			%
		As of June 30, 2020					38,969						33,925				87.1
		As of December 31, 2019					41,912						35,882				85.6

(Reference) Equity As of June 30, 2020: 33.925 billion yenAs of December 31, 2019: 35.882 billion yen

2. Payment of dividends

			Annual dividends
	End of 1st quarter	End of 2nd quarter	End of 3rd quarter		End of fiscal year	Total
	Yen	Yen	Yen		Yen	Yen
Year ended December 31, 2019	-	27.00	-	29.00	56.00
Year ending December 31, 2020	-	27.00
Year ending December 31, 2020		-	-		29.00	56.00
(forecast)
(Note) Changes to latest dividends forecast: Yes

For details, please refer to the "Notice of Revisions to Earnings and Dividend Forecasts and Dividends from Surplus (Interim Dividends)" announced on August 5, 2020.

3. Consolidated operating forecasts for the fiscal year ending December 31, 2020 (January 1, 2020 - December 31, 2020)

(Percentages show year-on-year changes.)

	Net sales		Operating income	Ordinary income	Profit attributable to	Basic earnings per share
		owners of parent
	Million yen	% Million yen	% Million yen	% Million yen	%	Yen
Year ending December 31, 2020	34,900		(3.8)	5,930	(12.2)	5,280	(15.3)	3,840	(15.0)	117.95
(Note) Changes to latest performance forecast: Yes

For details, please refer to the "Notice of Revisions to Earnings and Dividend Forecasts and Dividends from Surplus (Interim Dividends)" announced on August 5, 2020.

*Notes
(1) Significant changes in subsidiaries during the period
(changes in specified subsidiaries resulting in the change in the scope of consolidation)	: Yes
New: 1 company (Company name: Milbon (Zhejiang) Cosmetics Co., Ltd.)	Exclude: 0 companies (Company name: )

1. Application of accounting methods specific to the preparation of quarterly consolidated financial statements: No
2. Changes in accounting policies, changes in accounting estimates and retrospective restatements

1. Changes in accounting policies due to amendment to the

	accounting standards, etc.	:	None
2)	Changes in accounting policies other than those in 1) above	:	None
3)	Changes in accounting estimates	:	None
4)	Retrospective restatements	:	None

(4) Number of shares issued (common stock)
1) Number of shares issued at the end of the period	As of	33,117,234 shares	As of	33,117,234 shares
(including treasury shares)	June 30, 2020	December 31, 2019
2) Number of treasury shares at the end of the period	As of	614,657 shares	As of	378,250 shares
	June 30, 2020	December 31, 2019
3) Average number of shares during the period	Six months ended	32,556,981 shares	Six months ended	32,739,519 shares
	June 30, 2020	June 30, 2019

*These financial statements are not subject to the review of the quarterly financial statements by a certified public accountant or an audit corporation.

*Explanation on the appropriate use of operating forecasts and other special instructions

Operating forecasts and other statements regarding the future presented in these materials are based on information currently available and certain assumptions deemed to be reasonable, and actual performance may differ substantially due to various factors.