Milbon Co., Ltd. Revises Earnings Guidance for the Fiscal Year Ending December 31, 2021
August 06, 2021 at 02:00 am EDT
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Milbon Co., Ltd. revised earnings guidance for the fiscal year ending December 31, 2021. For the year, the company expected net sales of JPY 40,600 million, operating income of JPY 7,800 million and profit attributable to owners of parent of JPY 5,100 million or JPY 156.89 per basic share compared to previously announced expected net sales of JPY 38,200 million, operating income of JPY 6,420 million and profit attributable to owners of parent of JPY 4,050 million or JPY 124.50 per basic share.
Milbon Co., Ltd. is a Japan-based company mainly engaged in the manufacture and sale of hair cosmetics, as well as the provision of related services. The Company is involved in the provision of permanent wave lotions, including thioglycolic acid permanent wave lotion, cysteine permanent wave lotion and anti-frizz straightening lotion; hair care products, including shampoos, hair conditioners, hair treatment, hair tonics, hair creams, liquid and foamy hairdressing products, setting lotions and hair sprays; hair colorants, encompassing oxidation hair dyes, hair dyeing products and hair bleaches, as well as other products, including hair rods, rollers, flat irons and schedule books, among others.