KOSÉ Corporation and Milbon Co. Ltd. signed an agreement to establish a capital and business alliance. The companies have established a Business Alliance Committee with the primary role of determining how to utilize the strengths of the two companies, leverage their technologies for joint research, develop and sell products, provide services, and perform other activities.

Committee members will discuss specific alliance activities in the following areas that can contribute too growth of the business operations and corporate value of the two companies. Joint development of skin care and makeup products for beauty salons and the sale of these products in Japan and other countries. Joint development of other products and services for customers in Japan and other countries.

Extensive training programs for beauty care professionals worldwide and the use of the two companies' marketing and market development expertise in Japan and other countries.