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Milbon Co Ltd (MIOFF)
OTHER OTC:MIOFF
Holding MIOFF?
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Earnings Data
Report Date
Feb 14, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
$0.36Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 15, 2024
|% Change Since: 92.60%
|Next Earnings Date:Feb 14, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a positive sentiment overall, with notable achievements in revenue growth, product launches, and strategic initiatives. While challenges remain in China and some product categories, the company's strong performance in other regions and sectors offsets these issues.Company Guidance
In the second quarter of fiscal year 2024, Milbon reported a robust financial performance, with consolidated net sales reaching JPY 24.526 billion, marking an 8.0% year-on-year increase and surpassing the forecast by 2.3%. Domestic operations contributed approximately 75% of net sales, or JPY 18.367 billion, with a growth of 6.9% year-on-year, driven primarily by a 9% increase in hair care product sales. Overseas sales, accounting for 25% of the total, grew by 11.4%, influenced by a weaker yen, while actual growth, excluding currency effects, was 2.8%. Notably, South Korea and the U.S. markets offset challenges in China, where net sales saw a contraction. Operating income also exceeded expectations, supported by improved gross profit margins and controlled SG&A expenses. The company's strategic focus on high-end hair care products and the expansion of their Smart Salon initiative contributed significantly to these positive results, while efforts to manage rising raw material costs and logistics are ongoing. Milbon remains on track to meet its full-year targets and maintains its dividend commitment for fiscal 2024.Record-Breaking Revenue and Growth
Milbon recorded JPY 24.526 billion in consolidated net sales, a year-on-year increase of 8.0%, surpassing the forecast by 2.3%.
Strong Performance in Japan and Overseas
Japan's net sales grew by 6.9% year-on-year, while overseas sales grew by 11.4%, driven by South Korea and the U.S.
Improvement in Gross Profit Margin
Gross profit margin showed a recovery trend from Q1 to Q2, driven by higher sales and cost containment efforts.
Successful High-End Product Launches
Aujua's Presedia and Elujuda's Frizz Fixer performed well, highlighting Milbon's R&D capabilities.
Milbon's Smart Salon and E-commerce Initiatives
Milbon:iD is on track to reach 1 million users, and Smart Salon locations increased from 23 to 44 within six months.
Significant Growth in North America
The U.S. market saw strong growth in hair care products, with Sophistone boosting brand awareness.
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MIOFF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MIOFF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 15, 2024 | $27.31 | $27.31 | 0.00% |
| Aug 09, 2024 | $27.31 | $27.31 | 0.00% |
| May 14, 2024 | $27.06 | $27.06 | 0.00% |
| Feb 14, 2024 | $27.06 | $27.06 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Milbon Co Ltd (MIOFF) report earnings?
Milbon Co Ltd (MIOFF) is schdueled to report earning on Feb 14, 2025, TBA Not Confirmed.
What is Milbon Co Ltd (MIOFF) earnings time?
Milbon Co Ltd (MIOFF) earnings time is at Feb 14, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MIOFF EPS forecast?
Currently, no data Available
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