Milbon Co., Ltd. Reports Consolidated and Non-Consolidated Earnings Results for the Year Ended December 2016; Consolidated Earnings Guidance for the Year Ending December 2017; Declares Dividend for the Year Ended December 2016, Payable on March 17, 2017; Provides Dividend Guidance for the Second Quarter of 2017 and Full Year 2017
January 25, 2017 at 02:00 pm
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Milbon Co. Ltd. reported consolidated earnings results for the year ended December 2016. For the year, on consolidated basis, net sales were ¥29,134 million against ¥27,377 million a year ago. Operating income was ¥5,113 million against ¥4,727 million a year ago. Ordinary income was ¥4,733 million against ¥4,427 million a year ago. Profit attributable to owners of parent was ¥3,069 million against ¥2,950 million a year ago. Basic earnings per share were ¥187.47 against ¥180.20 a year ago. Cash flows from operating activities were ¥3,355 million against ¥3,895 million a year ago. Rate of return on equity was 11.4% against 11.7% a year ago.
For the year, non-consolidated basis, net sales were ¥27,558 million against ¥25,934 million a year ago. Operating income was ¥4,841 million against ¥4,786 million a year ago. Ordinary income was ¥4,489 million against ¥4,491 million a year ago. Profit was ¥2,898 million against ¥3,020 million a year ago. Basic earnings per share were ¥177.05 against ¥184.49 a year ago.
For the year ending December 2017, on consolidated basis, the company expects net sales of ¥31,000 million, operating income of ¥5,300 million, ordinary income of ¥4,890 million and profit attributable to owners of parent of ¥3,450 million or ¥210.73 per basic share.
The company declared a dividend of ¥40.00 per share for the year ended December 2016. The dividend is payable on March 17, 2017.
The company expects to pay a dividend of ¥40.00 per share for the second quarter of 2017.
The company expects to pay a dividend of ¥42.00 per share for the fiscal year 2017.
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.
Milbon Co., Ltd. Reports Consolidated and Non-Consolidated Earnings Results for the Year Ended December 2016; Consolidated Earnings Guidance for the Year Ending December 2017; Declares Dividend for the Year Ended December 2016, Payable on March 17, 2017; Provides Dividend Guidance for the Second Quarter of 2017 and Full Year 2017