Milbon Future Growth
Future criteria checks 2/6
Milbon is forecast to grow earnings and revenue by 12.2% and 5.2% per annum respectively. EPS is expected to grow by 12.4% per annum. Return on equity is forecast to be 10.3% in 3 years.
Key information
12.2%
Earnings growth rate
12.43%
EPS growth rate
| Personal Products earnings growth | 14.7% |
| Revenue growth rate | 5.2% |
| Future return on equity | 10.33% |
| Analyst coverage | Low |
| Last updated | 22 Jun 2026 |
Recent future growth updates
Recent updates
Narrative Update • Jun 24
4919: Equity Compensation Reforms Will Support A More Attractive Earnings Profile
Analysts have adjusted their price target on Milbon to ¥3,183 from ¥2,980, citing updated assumptions for revenue growth, profit margins, and a future P/E of 18.56x as the key drivers behind the change. What's in the News for Milbon Milbon has scheduled a board meeting for April 10, 2026.
New Narrative • Jun 11
Salon Service Upgrades And Overseas Expansion Will Define The Next Chapter
Catalysts About Milbon Milbon develops and sells professional hair care, hair coloring and cosmetics products for salons, supported by education and on-site stylist training. What are the underlying business or industry changes driving this perspective?Narrative Update • Jun 08
4919: Equity Compensation Reforms Will Support A More Attractive Future Outlook
Milbon's analyst price target is unchanged at ¥2,980. Small tweaks to inputs, such as slightly lower revenue growth expectations, a modestly higher profit margin, and a marginally lower assumed future P/E, are helping analysts fine-tune rather than reset their view.Narrative Update • May 19
4919: Governance Reforms And Incentive Plans Will Support A Stable Outlook
Analysts have kept Milbon's price target steady at ¥2,980, with only minor model tweaks to the discount rate, revenue growth, profit margin, and future P/E assumptions supporting this unchanged view. What's in the News Milbon has scheduled a board meeting for April 10, 2026, to discuss the planned disposal of treasury shares as restricted shares to board directors and executive officers (Key Developments).Narrative Update • Apr 24
4919: Governance Reforms And Board Changes Will Support A Positive Outlook
Analysts have kept Milbon's fair value estimate unchanged at ¥2,980. They made only slight adjustments to inputs such as the discount rate and assumed future P/E to reflect updated modeling assumptions, rather than a shift in overall conviction.Narrative Update • Apr 08
4919: Governance Reforms And Unchanged Fair Value Will Shape A Balanced Outlook
Milbon’s analyst price target remains at ¥2,980. Small adjustments to the discount rate, revenue growth, profit margin and forward P/E assumptions have led analysts to reaffirm, rather than reset, their valuation view.Narrative Update • Mar 25
4919: Governance Reforms And 2026 Guidance Will Shape A Balanced Outlook
The analyst price target for Milbon has shifted from ¥2,680 to ¥2,980, with analysts pointing to updated assumptions around discount rates, revenue growth, profit margins and future P/E as key drivers of the change. What's in the News Board meeting scheduled for February 13, 2026 to address a notice concerning partial amendments to the Articles of Incorporation, signaling governance and structural topics on the agenda (Key Developments).Analysis Article • Dec 17
Milbon (TSE:4919) Will Pay A Dividend Of ¥48.00
Milbon Co., Ltd.'s ( TSE:4919 ) investors are due to receive a payment of ¥48.00 per share on 30th of March. This makes...Analysis Article • Dec 03
Milbon (TSE:4919) Has Affirmed Its Dividend Of ¥48.00
Milbon Co., Ltd.'s ( TSE:4919 ) investors are due to receive a payment of ¥48.00 per share on 30th of March. This means...Narrative Update • Sep 06
Digital Expansion And Global Reach Will Define Future Leadership
Milbon's consensus price target remains steady at ¥2680, as both the discount rate and future P/E ratio saw negligible movement, indicating no material change in analysts' outlook or fair value. What's in the News Board resolved to repurchase own shares.Analysis Article • Aug 24
Milbon's (TSE:4919) Dividend Will Be ¥48.00
The board of Milbon Co., Ltd. ( TSE:4919 ) has announced that it will pay a dividend on the 30th of March, with...Analysis Article • Aug 16
There May Be Some Bright Spots In Milbon's (TSE:4919) Earnings
TSE:4919 1 Year Share Price vs Fair Value Explore Milbon's Fair Values from the Community and select yours The market...New Narrative • Jun 22
Digital Expansion And Global Reach Will Define Future Leadership
Expansion in global markets and emphasis on premium, innovative beauty products are accelerating revenue growth and strengthening brand differentiation.Analysis Article • May 14
Milbon Co., Ltd.'s (TSE:4919) Intrinsic Value Is Potentially 41% Above Its Share Price
Key Insights The projected fair value for Milbon is JP¥3,452 based on 2 Stage Free Cash Flow to Equity Milbon is...Analysis Article • Apr 11
Milbon's (TSE:4919) Dividend Will Be ¥40.00
The board of Milbon Co., Ltd. ( TSE:4919 ) has announced that it will pay a dividend of ¥40.00 per share on the 25th of...Analysis Article • Apr 08
Risks To Shareholder Returns Are Elevated At These Prices For Milbon Co., Ltd. (TSE:4919)
When close to half the companies in Japan have price-to-earnings ratios (or "P/E's") below 11x, you may consider Milbon...Analysis Article • Dec 17
Milbon's (TSE:4919) Dividend Will Be ¥48.00
Milbon Co., Ltd. ( TSE:4919 ) will pay a dividend of ¥48.00 on the 29th of March. This makes the dividend yield 2.5...Analysis Article • Dec 03
Milbon (TSE:4919) Has Announced A Dividend Of ¥48.00
Milbon Co., Ltd. ( TSE:4919 ) has announced that it will pay a dividend of ¥48.00 per share on the 29th of March. Based...Analysis Article • Aug 11
Milbon (TSE:4919) Has Affirmed Its Dividend Of ¥48.00
The board of Milbon Co., Ltd. ( TSE:4919 ) has announced that it will pay a dividend of ¥48.00 per share on the 29th of...Analysis Article • Aug 05
Milbon (TSE:4919) Might Be Having Difficulty Using Its Capital Effectively
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? In a perfect world...Analysis Article • Apr 25
Milbon (TSE:4919) Is Paying Out A Dividend Of ¥40.00
Milbon Co., Ltd. ( TSE:4919 ) will pay a dividend of ¥40.00 on the 26th of August. This makes the dividend yield 2.9...Analysis Article • Apr 11
Milbon (TSE:4919) Will Pay A Dividend Of ¥40.00
Milbon Co., Ltd.'s ( TSE:4919 ) investors are due to receive a payment of ¥40.00 per share on 26th of August. The...Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 12/31/2028 | 61,629 | 5,539 | 4,815 | N/A | 3 |
| 12/31/2027 | 58,636 | 5,045 | 4,300 | N/A | 3 |
| 12/31/2026 | 55,633 | 4,543 | 4,475 | N/A | 3 |
| 3/31/2026 | 54,098 | 3,991 | N/A | N/A | N/A |
| 12/31/2025 | 52,863 | 3,437 | 2,050 | 5,383 | N/A |
| 9/30/2025 | 52,150 | 3,305 | N/A | N/A | N/A |
| 6/30/2025 | 51,597 | 3,156 | 1,947 | 5,061 | N/A |
| 3/31/2025 | 50,989 | 4,507 | N/A | N/A | N/A |
| 12/31/2024 | 51,316 | 5,017 | 5,085 | 7,625 | N/A |
| 9/30/2024 | 50,605 | 4,905 | N/A | N/A | N/A |
| 6/30/2024 | 49,585 | 4,086 | 5,197 | 8,101 | N/A |
| 3/31/2024 | 48,930 | 4,092 | N/A | N/A | N/A |
| 12/31/2023 | 47,762 | 4,001 | 1,555 | 4,765 | N/A |
| 9/30/2023 | 46,981 | 3,756 | N/A | N/A | N/A |
| 6/30/2023 | 46,474 | 4,897 | 358 | 4,501 | N/A |
| 3/31/2023 | 45,943 | 5,293 | N/A | N/A | N/A |
| 12/31/2022 | 45,238 | 5,577 | 1,186 | 5,008 | N/A |
| 9/30/2022 | 44,271 | 5,694 | N/A | N/A | N/A |
| 6/30/2022 | 43,491 | 5,571 | 1,498 | 5,248 | N/A |
| 3/31/2022 | 42,228 | 5,184 | N/A | N/A | N/A |
| 12/31/2021 | 41,582 | 5,109 | 2,149 | 6,636 | N/A |
| 9/30/2021 | 40,229 | 5,189 | N/A | N/A | N/A |
| 6/30/2021 | 39,414 | 5,166 | 5,653 | 8,914 | N/A |
| 3/31/2021 | 36,889 | 4,694 | N/A | N/A | N/A |
| 12/31/2020 | 35,725 | 4,204 | 4,579 | 6,548 | N/A |
| 9/30/2020 | 34,829 | 3,846 | N/A | N/A | N/A |
| 6/30/2020 | 34,893 | 3,969 | 3,373 | 4,589 | N/A |
| 3/31/2020 | 36,205 | 4,277 | N/A | N/A | N/A |
| 12/31/2019 | 36,266 | 4,517 | N/A | 4,486 | N/A |
| 9/30/2019 | 36,575 | 4,582 | N/A | N/A | N/A |
| 6/30/2019 | 35,625 | 4,357 | N/A | 4,112 | N/A |
| 3/31/2019 | 35,282 | 4,262 | N/A | N/A | N/A |
| 12/31/2018 | 35,185 | 4,495 | N/A | 6,487 | N/A |
| 9/30/2018 | 33,308 | 3,772 | N/A | N/A | N/A |
| 6/30/2018 | 32,732 | 4,213 | N/A | 4,515 | N/A |
| 3/31/2018 | 31,777 | 4,120 | N/A | N/A | N/A |
| 12/31/2017 | 30,886 | 3,584 | N/A | 4,012 | N/A |
| 9/20/2017 | 30,549 | 3,835 | N/A | N/A | N/A |
| 6/20/2017 | 29,872 | 3,113 | N/A | 4,244 | N/A |
| 3/20/2017 | 29,324 | 3,061 | N/A | N/A | N/A |
| 12/20/2016 | 29,134 | 3,069 | N/A | 3,355 | N/A |
| 9/20/2016 | 28,823 | 2,989 | N/A | N/A | N/A |
| 6/20/2016 | 28,521 | 2,970 | N/A | 3,322 | N/A |
| 3/20/2016 | 28,002 | 2,861 | N/A | N/A | N/A |
| 12/20/2015 | 27,377 | 2,950 | N/A | 3,895 | N/A |
| 9/20/2015 | 26,767 | 3,107 | N/A | N/A | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 4919's forecast earnings growth (12.2% per year) is above the savings rate (0.8%).
Earnings vs Market: 4919's earnings (12.2% per year) are forecast to grow faster than the JP market (9.8% per year).
High Growth Earnings: 4919's earnings are forecast to grow, but not significantly.
Revenue vs Market: 4919's revenue (5.2% per year) is forecast to grow slower than the JP market (6.6% per year).
High Growth Revenue: 4919's revenue (5.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 4919's Return on Equity is forecast to be low in 3 years time (10.3%).
Discover growth companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/26 09:01 |
| End of Day Share Price | 2026/06/26 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Milbon Co., Ltd. is covered by 7 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Katsuro Hirozumi | Daiwa Securities Co. Ltd. |
| Masao Yoshida | Ichiyoshi Research Institute Inc. |
| Hisae Kawamoto | Jefferies LLC |