4919
Milbon Co., Ltd.
株式会社ミルボン
Consumer Defensive · Household & Personal Products
Milbon Co., Ltd. manufactures and sells cosmetic products in Japan and internationally. The company offers shampoo, hair treatment, hair tonic and cream, liquid and foam hairdressing products, set lotions, and hair spray products; hair coloring products, such as oxidative and acid hair dyes, and hair bleaches; and permanent wave products, including thioglycolic acid-based and cysteine-based permanent wave products, as well as hair straightening products. It also provides skincare and make-up cosmetics, as well as health food, beauty equipment, etc. The company offers its products under the MILBON, Elujuda, ORDEVE, and iMPREA brands. The company was incorporated in 1960 and is headquartered in Tokyo, Japan.
Read more
← Companies
Overview
Filings & Signals
Ownership
Financials
▾ Collapse Charts
Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Net Sales
¥52.9B
¥51.3B
¥47.8B
¥45.2B
¥41.6B
Cost of Sales
¥19.7B
¥18.7B
¥18.2B
¥15.7B
¥14.1B
Gross Profit
¥33.2B
¥32.6B
¥29.5B
¥29.5B
¥27.5B
SG&A
¥27.5B
¥25.8B
¥24.0B
¥22.0B
¥19.7B
Operating Income
¥5.7B
¥6.8B
¥5.5B
¥7.6B
¥7.8B
Non-Operating Income
¥136M
¥172M
¥186M
¥399M
¥229M
Dividend Income
¥11M
¥17M
¥17M
¥16M
¥32M
Interest Income
¥20M
¥24M
¥20M
¥21M
¥26M
Non-Operating Expenses
¥333M
¥43M
¥125M
¥122M
¥888M
Ordinary Income
¥5.5B
¥7.0B
¥5.6B
¥7.8B
¥7.2B
Pre-tax Income
¥4.9B
¥7.0B
¥5.4B
¥7.8B
¥7.1B
Income Taxes
¥1.5B
¥2.0B
¥1.4B
¥2.2B
¥2.0B
Current Tax
¥1.3B
¥1.9B
¥1.5B
¥2.4B
¥2.2B
Deferred Tax
¥165M
¥59M
¥-103M
¥-141M
¥-159M
Net Income (owners)
¥3.4B
¥5.0B
¥4.0B
¥5.6B
¥5.1B
Comprehensive Income
¥5.0B
¥5.7B
¥4.7B
¥6.3B
¥5.8B
EBITDA
¥8.0B
¥9.1B
¥7.8B
¥9.6B
¥9.6B
EPS
¥106.26
¥154.12
¥122.99
¥171.49
¥157.17
Shares Outstanding
31.8M
32.6M
32.5M
32.5M
32.5M
Shares Issued (total)
32.3M
33.1M
33.1M
33.1M
33.1M
Treasury Shares
0.5M
0.6M
0.6M
0.6M
0.6M
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥57.8B
¥58.9B
¥53.4B
¥52.8B
¥48.2B
Current Assets
¥29.1B
¥30.9B
¥26.2B
¥26.7B
¥24.9B
Cash & Deposits
¥11.8B
¥13.8B
¥11.3B
¥12.3B
¥13.4B
Trade Receivables
¥5.9B
¥5.9B
¥5.2B
¥5.1B
—
Non-Current Assets
¥28.7B
¥28.0B
¥27.2B
¥26.1B
¥23.3B
PP&E
¥22.9B
¥22.3B
¥21.0B
¥19.8B
¥17.8B
Intangible Assets
¥1.5B
¥1.7B
¥1.9B
¥1.9B
¥1.5B
Investment Securities
¥643M
¥875M
¥1.3B
¥1.8B
¥1.6B
Deferred Tax Assets
¥284M
¥940M
¥910M
¥827M
¥578M
Total Liabilities
¥8.7B
¥10.1B
¥7.5B
¥8.8B
¥8.0B
Current Liabilities
¥7.7B
¥9.2B
¥6.6B
¥8.0B
¥7.3B
Taxes Payable
¥435M
¥1.2B
¥411M
¥1.3B
¥1.4B
Non-Current Liabilities
¥1.1B
¥874M
¥892M
¥772M
¥731M
Pension Obligations
¥22M
¥17M
¥15M
¥11M
¥8M
Deferred Tax Liab.
—
—
¥0M
¥1M
¥1M
Total Equity
¥49.1B
¥48.8B
¥45.9B
¥44.0B
¥40.2B
Capital Stock
¥2.0B
¥2.0B
¥2.0B
¥2.0B
¥2.0B
Capital Surplus
¥199M
¥299M
¥307M
¥275M
¥246M
Retained Earnings
¥43.6B
¥45.2B
¥43.1B
¥41.9B
¥38.8B
Treasury Stock
¥-1.5B
¥-1.9B
¥-2.0B
¥-2.0B
¥-2.1B
AOCI
¥4.8B
¥3.2B
¥2.5B
¥1.9B
¥1.2B
Equity (owners)
¥44.3B
¥45.6B
¥43.4B
¥42.1B
¥39.0B
Net Cash ⓘ
¥11.8B
¥13.8B
¥11.3B
¥12.3B
¥13.4B
NCAV ⓘ
¥20.4B
¥20.9B
¥18.7B
¥17.9B
¥16.9B
NCAV/Share
¥641
¥640
¥575
¥551
¥519
BV/Share
¥1,393
¥1,401
¥1,334
¥1,295
¥1,200
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥5.4B
¥7.6B
¥4.8B
¥5.0B
¥6.6B
Interest Received
¥29M
¥40M
¥37M
¥35M
¥59M
D&A
¥2.3B
¥2.3B
¥2.3B
¥2.1B
¥1.8B
Investing CF
¥-3.0B
¥-2.5B
¥-3.1B
¥-3.9B
¥-4.0B
CapEx
¥2.9B
¥2.2B
¥2.6B
¥3.1B
¥3.8B
Purchase Investments
—
—
—
—
¥-12M
Proceeds from Invest.
—
¥36M
—
¥1M
¥473M
Financing CF
¥-4.9B
¥-2.9B
¥-2.8B
¥-2.6B
¥-1.9B
Dividends Paid
¥-2.9B
¥-2.9B
¥-2.8B
¥-2.5B
¥-1.9B
Share Buybacks
¥-2.0B
—
—
—
—
Free Cash Flow
¥2.4B
¥5.4B
¥2.2B
¥1.9B
¥2.8B
Net Change in Cash
¥-2.3B
¥2.5B
¥-966M
¥-1.1B
¥1.0B
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
7.0%
10.6%
8.9%
13.2%
13.4%
ROA
5.9%
8.9%
7.5%
11.0%
10.6%
EPS
¥106.26
¥154.12
¥122.99
¥171.49
¥157.17
DPS
¥88.00
¥88.00
¥88.00
¥86.00
¥68.00
BPS
¥1,543.67
¥1,499.20
¥1,411.56
¥1,352.52
¥1,236.41
FCF/Share
¥77
¥167
¥67
¥60
¥86
NCAV/Share
¥641
¥640
¥575
¥551
¥519
Payout Ratio
82.8%
57.1%
71.6%
50.1%
43.3%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 19
Date Activist Stake Event Flag Demands Source
2025-10-21
Nomura Asset Management Co., Ltd.
4.07%
-1.16%
change
Passive
—
2025-08-20
Burgundy Asset Management Ltd.
2.3%
-2.8%
change
Passive
—
2025-05-07
Misaki Capital Inc.
4.1%
-1.1%
change
Passive
—
2025-01-29
Misaki Capital Inc.
5.2%
+0.18%
change
Passive
—
2025-01-21
Nomura Asset Management Co., Ltd.
5.23%
change
Passive
—
2025-01-09
Nomura Securities Co.,Ltd.
5.04%
-0.84%
change
Passive
—
2024-11-25
Kazunobu Konoike
8.4%
change
Passive
—
2024-09-19
Misaki Capital Inc.
5.02%
initial_5pct
Passive
—
2024-07-04
Burgundy Asset Management Ltd.
5.1%
initial_5pct
Passive
—
2024-05-21
Nomura Securities Co.,Ltd.
5.88%
-1.1%
change
Passive
—
2024-03-07
Capital Research and Management Company
2.67%
-4.63%
change
Passive
—
2023-12-20
Nomura Securities Co.,Ltd.
6.98%
change
Passive
—
2023-10-06
Nippon Life Insurance Company
3.08%
change
Passive
—
2023-09-13
Capital Research and Management Company
9.65%
correction
Passive
—
2023-09-13
Capital Research and Management Company
7.3%
-2.35%
correction
Passive
—
2023-09-07
Capital Research and Management Company
7.3%
-2.35%
change
Passive
—
2023-08-21
Capital Research and Management Company
9.65%
-0.81%
change
Passive
—
2023-07-19
JPMorgan Asset Management (Japan) Limited
4.84%
change
Passive
—
2023-06-20
Capital Research and Management Company
10.46%
change
Passive
—
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 1
#
Shareholder
Shares (thou.)
% of Total
1
Japan Master Trust Bank
日本マスタートラスト信託銀行株式会社(信託口)
3,070
9.66%
2
鴻池資産管理株式会社
2,782
8.75%
3
株式会社コーセー
1,328
4.18%
4
Employee Stock Ownership Plan
ミルボン従業員持株会
735
2.31%
5
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
695
2.19%
6
RBC IST 15 PCT NON LENDING ACCOUNT-CLIENT ACCOUNT
RBC IST 15 PCT NON LENDING ACCOUNT-CLIENT ACCOUNT(常任代理人 シティバンク、エヌ・エイ東京支店)
653
2.06%
7
STATE STREET BANK AND TRUST COMPANY
STATE STREET BANK AND TRUST COMPANY (常任代理人 株式会社みずほ銀行決済営業部)
602
1.89%
8
村井 佳比子
483
1.52%
9
北嶋 舞子
482
1.52%
10
大阪佐々木化学株式会社
480
1.51%
Domestic Nominees
11.8%
-2.3% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
1.9%
-4.4% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
21.9%
-1.7% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
Japan Master Trust Bank
日本マスタートラスト信託銀行
13.12%
11.32%
9.66%
-1.66%
鴻池資産管理
5.90%
8.54%
8.75%
+0.21%
式会社コーセー
—
4.08%
4.18%
+0.10%
Employee Stock Ownership Plan
ミルボン従業員持株会
↑
1.97%
2.04%
2.31%
+0.27%
Japan Custody Bank
日本カストディ銀行
3.16%
2.82%
2.19%
-0.63%
RBC IST 15 PCT NON LENDING ACCOUNT-CLIENT ACCOUNT
—
2.02%
2.06%
+0.04%
State Street
4.52%
6.26%
1.89%
-4.37%
村井 佳比子
1.49%
1.49%
1.52%
+0.03%
北嶋 舞子
NEW ENTRY
—
—
—
1.52%
NEW
大阪佐々木化学
NEW ENTRY
—
—
—
1.51%
NEW
MISAKI ENGAGEMENT MASTER FUND
last seen 2024
Exited Top 10
3.13%
3.68%
—
みずほ銀行
last seen 2024
Exited Top 10
1.50%
1.73%
—
特定有価証券信託受託者 株式会社SMBC信託銀行
last seen 2023
Exited Top 10
4.08%
—
—
鴻池 一信
last seen 2023
Exited Top 10
2.66%
—
—
Concentration (HHI)
ⓘ
279
292
212
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥643M
-49% since 2023
Holdings
1
Trend
Stable
vs 2023
Held Company
FY2025
¥643M total
FY2023
¥1,269M total
Book Val ¥M
Shares
Book Val ¥M
Shares
㈱コーセー
643
120,000
1,269
120,000
M
Portfolio total
643
1,269
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding