February 24, 2017
To Whom It May Concern
Company Name:
Milbon Co., Ltd.
Title of Representative:
Ryuji Sato, President and CEO(Code Number: 4919 - First Section of the Tokyo Stock Exchange)
Inquiry:
Masahiro Murai, Managing Director
Telephone:+81-6-6928-2331

Change in Fiscal Period (Closing Date of Business Year)and Partial Amendments to the Articles of Incorporation; Revision of
Operating Forecasts Associated with the Fiscal Period Change
Milbon Co., Ltd. (hereinafter referred to as “the Company”) hereby announces that the Company, at themeeting of the Board of Directors held on February 24, 2017, resolved to change its fiscal period (closingdate of business year) subject to the approval of the “Partial Amendments to the Articles of Incorporation”
at the 57th Ordinary General Meeting of Shareholders scheduled on March 16, 2017. The Company alsoannounces a revision to its operating forecasts associated with the fiscal period change.

1.

Reason for the fiscal period change
The business year of the Company has been from December 21 each year to December 20 of thefollowing year hitherto. However, the Company intends to unify the business year cycle so that it runs
from January 1 to December 31 each year, for the Group as a whole including four overseas
consolidated subsidiaries. The aim is to promote integrated operations of its business, such as theGroup’s budgeting and results management, along with timely and appropriate disclosure ofmanagement information.

2.

Details of the fiscal period change
Current closing date:
December 20 each year
After the change:
December 31 each year
For overseas consolidated subsidiaries
MILBON USA, INC. / Milbon Korea Co., Ltd. / MILBON (THAILAND) CO., LTD.
Current closing date:
September 30 each year
After the change:
December 31 each year
Milbon Trading (Shanghai) Co., Ltd.
Current closing date:
December 31 each year
After the change:
December 31 each year (unchanged)
The 58th term serves as the transition period for the change in the fiscal period. The term shall be 12months plus 11 days from December 21, 2016 to December 31, 2017. For consolidated accounting,overseas consolidated subsidiaries shall announce consolidated financial results on the basis ofrespective individual results for the period from October 1, 2016 to December 31, 2017.

- 1 -3.

Details of the partial amendments to the Articles of Incorporation
The amendments shall be as follows.
(The underlined parts represent the amendments.)

Current Articles of Incorporation

4.

Proposed Amendments(Record date)
Article 12. Shareholders recorded on the shareholder
registry of the Company on December 20 each year shallconstitute shareholders of the Company and are entitled
to exercise their rights at Ordinary General Meetings ofShareholders.

(Record date)
Article 12. Shareholders recorded on the shareholder
registry of the Company on December 31 each year
shall constitute shareholders of the Company and areentitled to exercise their rights at Ordinary General
Meetings of Shareholders.

(Business year)
Article 35. The business year of the Company shall be fromDecember 21 each year to December 20 of the followingyear.

(Business year)
Article 35. The business year of the Company shall befrom January 1 to December 31 each year.

(Distribution of surplus)
Article 36 (Text of the Article omitted)
2. Apart from the preceding paragraph, the Company
may pay interim dividends to the shareholders or
registered pledgees of shares recorded on theshareholder registry on June 20 each year, based on
the resolution of the Board of Directors.

(Distribution of surplus)
Article 36 (Unchanged)
2. Apart from the preceding paragraph, the Company
may pay interim dividends to the shareholders orregistered pledgees of shares recorded on theshareholder registry on June 30 each year, based on
the resolution of the Board of Directors.

(Newly established)

Supplementary provisions(Newly established)(58th business year)
Article 1. Notwithstanding the provisions of Article 35(Business year), the 58th business year shall be from
December 21, 2016 to December 31, 2017.

(Newly established)(Record date for interim dividends for the 58th businessyear)Article 2. Notwithstanding the provisions of Article 36(Distribution of surplus), Paragraph 2, record date forinterim dividends for the 58th business year shall beJune 20, 2017.

(Newly established)(Effective period of supplementary provisions)
Article 3. These supplementary provisions shall remain in
effect until December 31, 2017, and shall be deleted at
the end of the same date.

Time schedule
Date of the General Meeting of Shareholders for deliberating theproposal for the amendments to the Articles of Incorporation:
Effective date of the amendments to the Articles of incorporation:- 2 -Thursday, March 16, 2017
Thursday, March 16, 2017

5.

Operating forecasts after the fiscal period change
Consolidated operating forecasts for the fiscal year ending December 31, 2017 (December 21, 2016 December 31, 2017)

Previously
announced forecast (A)(December 21, 2016 December 20, 2017)
Revised forecast (B)(December 21, 2016 December 31, 2017)
Increase amount (B - A)
Year-on-year change (%)(Reference)
Actual results ofthe fiscal year ended December
20, 2016

Net sales

Operatingincome

Million yen

Million yen

31,000Ordinaryincome

Profit attributable toowners of parent

Basic earnings
per share

Million yen

Million yen

Yen

5,300

4,890

3,450

210.7332,700

5,550

5,100

3,580

218.67

1,700

250

210

130-

5.5%

4.7%

4.3%

3.8%

-

29,134

5,113

4,733

3,069

187.47- 3 -