Milbon Co Ltd (Milbon) manufactures and supplies hair cosmetics and hair care products. The company primarily offers permanent wave products, hair coloring products, shampoos, hair styling products, conditioners, hair treatments, scalp lotion, and tools for permanents makeup. It also offers hair treatment services.

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Milbon has undertaken various R&D initiatives focusing on advanced research of original technologies, co-existence with society and the environment, and the development of a wide range of beauty products. The company employs the TAC Product Development System, which involves collaboration with skilled beauticians to scientifically analyze and incorporate intuitive beauty know-how into product development. The company has strengthened its hair care business through basic and fundamental research and is engaged in environmentally conscious R&D activities. Milbon is also expanding its global R&D efforts by enhancing collaborative systems across Japan, the US, China, and Thailand. The company aims to develop local products tailored to regional characteristics and create products appreciated by hairdressers worldwide. The company conducts in R&D activities in Central Research Institute, Japan; Innovation Center, Japan; North America Research Institute, the US; China Research Institute, China; and Thailand Research Institute, Thailand, which are responsible for conducting advanced research and development activities, long-term product and service development, promoting collaboration with other companies and utilizing cutting-edge research technologies. In FY2025, the company incurred an expense of JPY2,672.5 million on its R&D, which grew 9%YoY and stood at 5.1% of its total revenue.