August 6, 2021
To Whom It May Concern
Company Name
Milbon Co., Ltd.
Representative
Ryuji Sato, President and CEO(Code Number: 4919 - First Section of the Tokyo Stock Exchange)
Inquiries
Masahiro Murai, Executive Director
TEL: +81-3-3517-3915

Notice of Revisions to Earnings and Dividend Forecasts and Dividends from Surplus (Interim Dividends)
At the Board of Directors meeting held today, we have issued a resolution to revise the earnings forecast and dividend forecast for thefiscal year ending December 2021 published on February 12, 2021 as follows, and to distribute surplus (interim distribution) basedon June 30, 2021.

1．Revision of Earnings Forecast and Dividend Forecast(1) Revision of Consolidated operating forecasts for the fiscal year ending December 31, 2021 (January 1, 2021-December 31, 2021)
Net sales
Previously announced

Operating income

Ordinary income

Profit attributable to

Basic earnings

owners of parent

per share

Million yen

Million yen

Million yen

Million yen

Yen

outlook (A)38,200

6,420

5,710

4,050

124.50Current revised outlook (B)40,600

7,800

7,120

5,100

156.89

Increase (B-A)

2,400

1,380

1,410

1,050

32.396.3

21.5

24.7

25.9

26.0

35,725

6,394

5,791

4,204

129.24Year-on-year change (%)(Reference) Results for theprevious fiscal year
(Year ended December 31,2020)(2) Change of forecasts for cash dividends
Annual dividends

Previous Forecast
Revised forecast
Results for the current
fiscal year

End of 1st quarterEnd of 2nd quarterEnd of 3rd quarterEnd of fiscal year

Total

Yen

Yen

Yen

Yen

Yen

―

―

―

28.00

56.00

―

―

―

33.00

63.00

―

30.00

―

―

27.00

―

29.00

56.00

(Reference) Results
for the previous fiscal year
(Year ended December 31,2019)

(3) Reason for the amendment
In the consolidated cumulative second quarter, both the domestic and overseas markets performed better than expected despite theimpact of COVID-19. Although we cannot predict the status of infections with COVID-19, we have revised our earnings forecasts
and dividend forecasts assuming that regulations will not be strengthened in the future, such as requests to suspend operations dueto the spread of infections.

2．Dividends from retained earnings (interim dividends)(1) Details of dividends
Determined amount
Record date

Latest dividend forecast

Results for the previous fiscal year

(May 12, 2021)

June 30, 2021

June 30, 2021

30 yen28 yen27 yen975 Million yen

910 Million yen

877 Million yen

Effective dateAugust 16, 2021―

August 28, 2020

Dividend resource

Retained earnings―

Retained earnings

Dividend per ShareTotal amount of dividends

June 30, 2020

(2) Reasons for dividends
We regard returning profits to shareholders as an important management issue, and our basic policy is to distribute profits inaccordance with business performance while strengthening our corporate structure through internal reserves to improve
profitability in the future.
As a result of comprehensively taking into account the above policies and revisions to the earnings forecasts, we increased theinterim dividend by 2 yen from the previous forecast to 30 yen per share.

(NOTE)The above forecasts were prepared based on information available on the date of publication of this material, and may differ
from the forecasts due to changes in various factors in the future.