Milbon to Replace Long-Standing Auditor with Ernst & Young ShinNihon

Milbon Co ( (JP:4919) ) just unveiled an announcement.

Milbon Co., Ltd. plans to change its independent auditor, proposing Ernst & Young ShinNihon LLC to replace long-time auditor GYOSEI & CO. at its 66th Annual General Meeting of Shareholders scheduled for March 27, 2026. The move reflects Milbon’s desire for a fresh audit perspective and better alignment with its evolving management structure and global business expansion.

The Audit & Supervisory Board judged Ernst & Young ShinNihon LLC to be the most suitable candidate, citing its global network, expertise, independence, quality control framework, and appropriate fee structure for Milbon’s scale. While affirming that GYOSEI & CO. has maintained an adequate audit framework over its 34-year substantial tenure, the company believes the switch will strengthen governance and support its medium- to long-term effort to enhance corporate value.

The most recent analyst rating on (JP:4919) stock is a Buy with a Yen3100.00 price target. To see the full list of analyst forecasts on Milbon Co stock, see the JP:4919 Stock Forecast page.

More about Milbon Co

Milbon Co., Ltd. is a Japanese company listed on the Tokyo Stock Exchange Prime Market that operates in the cosmetics and personal care sector. The company focuses on beauty and haircare products and is increasingly expanding its operations overseas, necessitating robust global governance and audit capabilities to support its medium- to long-term corporate value enhancement.

Average Trading Volume: 178,871

Technical Sentiment Signal: Hold

Current Market Cap: Yen86.45B

See more data about 4919 stock on TipRanks’ Stock Analysis page.