{
 "as_of": "2026-11-06",
 "cmr": "jp-cm-kg/TSE-PRIME/4919",
 "fence": "The page is the record's research on the issuer — no analyst, no rating, no view.",
 "markdown": "The page is the record's research on the issuer — no analyst, no rating, no view.\n\n# Milbon Co.,Ltd. (Prime Market: 4919) — research page\n\nAs of 2026-11-06 · jp-cm-kg · record version 1\n\n## Identity and listing\n\nThe issuer is Milbon Co.,Ltd., listed on the Prime Market under ticker 4919. The ISIN is not on the record and the LEI is not on the record. The security type is Corporate. The segment is not on the record. The sector is 3200 Chemicals and the jurisdiction is Japan (EDINET domestic filer). The listing status is listed, not halted.\n\n## The disclosure read\n\nThe record holds 13 filings in the twelve months to 2026-11-06, across 9 filing days. The filings comprise 2 ad hoc, 4 corporate news, 5 regulatory filing and 2 results. The median gap between filing days is 37.0 days. The latest filing is dated 2026-11-02, is a corporate news filing, and is 4 days before the record date. The Prime Market median is 29.0 days of cadence, 10 filings and 70.0 days of latency across 1557 issuers. The 3200 Chemicals sector median is 36.5 days of cadence, 9.0 filings and 91 days of latency across 202 issuers. The issuer's cadence gap of 37.0 days is above both medians, and its filing count of 13 is above both medians.\n\n## Auditor\n\nThe auditor of record is 仰星監査法人. Its location is not on the record. Auditor changes are not on the record, as the market's register does not yet carry a lifecycle type map.\n\n## Events and halts\n\nListing, delisting, name change, domicile change and segment move are each not on the record, as the market's register does not yet carry a lifecycle type map. The halt flag shows listed, not halted.\n\n## Orderability\n\nFor the client category Qualified Institutional Investors, the outcome is not determinable, because the rule states a product scope and the subject's record carries no instrument class to place within it. The rule version is acm-68000/jp/suitability-principle-fiea-article-40/r1, with the chapter as of 2026-11-04.\n\n## Coverage\n\nThe record finds 3 research houses named on the issuer's own investor-relations page: Daiwa Securities Co., Ltd., Jefferies Japan Limited and SMBC Nikko Securities Inc.\n\n## Open research\n\nThe record holds 6 openly published research notes, all from Nippon Investment Bespoke Research UK Ltd, dated 2025-09-11, 2025-03-14, 2024-09-13, 2024-03-15, 2023-03-28 and 2021-03-31.\n\n## Licensed\n\nLicensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.\n\n## As-of depth\n\nThe vintage is not sealed. No issuer years are sealed, the market's earliest sealed date is not on the record, and the live record began is not on the record.\n\n## Sources\n\n14 source pages are named on this page; every value above carries its own source page and read date in the numbers.\n\n- https://www.jpx.co.jp/english/markets/statistics-equities/misc/tvdivq0000001vg2-att/data_e.xlsx (identity.exchange)\n- https://disclosure2dl.edinet-fsa.go.jp/searchdocument/codelist/Edinetcode.zip (identity.jurisdiction)\n- https://mcp.jp-cm-kg.ai/events/TSE-PRIME/4919 (the disclosure lines)\n- https://www.jpx.co.jp/markets/equities/suspended/index.html (the halt flag)\n- https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100XTTF (the auditor)\n- https://mcp.jp-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://www.milbon.com/en/ir/analyst_coverage/ (coverage)\n- https://www.milbon.com/en/ir/uploads/docs/Nippon-IBR_Milbon%20(4919)%20FY25%201H%2011_09_25%20(EN).pdf (open research)\n- https://www.milbon.com/en/ir/uploads/docs/Nippon-IBR_Milbon%20(4919)%20FY24%2014_03_25%20(EN).pdf (open research)\n- https://www.milbon.com/en/docs/Nippon-IBR_Milbon%20(4919)%20FY24%201H%2013_09_24%20(EN).pdf (open research)\n- https://www.milbon.com/en/docs/Nippon-IBR_Milbon%20(4919)%20FY23%2015_03_24%20(EN).pdf (open research)\n- https://www.milbon.com/en/docs/Nippon-IBR_Milbon%20(4919)%20FY22%2028_03_23%20(EN).pdf (open research)\n- https://www.milbon.com/en/ir/uploads/docs/20210331_SponsoredResearchReport.pdf (open research)\n- https://mcp.jp-cm-kg.ai/record/TSE-PRIME/4919 (the record)\n",
 "market": "JP",
 "node": "jp-cm-kg",
 "numbers": {
  "as_of_depth": {
   "issuer_years_sealed": [],
   "live_record_began": null,
   "node_history_from": null,
   "node_years_sealed": [],
   "note": "the JP vintage is not sealed; the record is the live record as of 2026-11-06",
   "record_version": 1,
   "sealed": false
  },
  "auditor": {
   "auditor": {
    "read_by": "EDINET XBRL-to-CSV facts (API v2 type=5, 有価証券報告書 docTypeCode 120) — element jpcrp_cor:AuditFirm1Consolidated",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100XTTF",
    "state": "sourced",
    "value": "仰星監査法人"
   },
   "auditor_firm_id": {
    "market": "JP",
    "state": "not_on_record"
   },
   "auditor_location": {
    "market": "JP",
    "state": "not_on_record"
   },
   "changes": {
    "market": "JP",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "cmr": "jp-cm-kg/TSE-PRIME/4919",
  "coverage": {
   "count": 3,
   "houses": [
    {
     "analyst": "Katsuro Hirozumi",
     "house": "Daiwa Securities Co., Ltd.",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.milbon.com/en/ir/analyst_coverage/",
     "state": "sourced"
    },
    {
     "analyst": "Hisae Kawamoto",
     "house": "Jefferies Japan Limited",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.milbon.com/en/ir/analyst_coverage/",
     "state": "sourced"
    },
    {
     "analyst": "Shima Yamanaka",
     "house": "SMBC Nikko Securities Inc.",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.milbon.com/en/ir/analyst_coverage/",
     "state": "sourced"
    }
   ],
   "pages_checked": [
    {
     "page": "https://www.milbon.com/en/ir/analyst_coverage/",
     "result": "read: 3 of 6 named houses found on the page"
    }
   ],
   "read_by": "Perplexity sonar (search) · page read by this rail",
   "read_date": "2026-11-12",
   "since": "not stated on the page read",
   "state": "found"
  },
  "disclosure": {
   "against": {
    "exchange": {
     "issuers": 1557,
     "median_cadence_gap_days": 29,
     "median_filings": 10,
     "median_latency_days": 70,
     "name": "Prime Market"
    },
    "sector": {
     "issuers": 202,
     "median_cadence_gap_days": 36.5,
     "median_filings": 9,
     "median_latency_days": 91,
     "name": "3200 Chemicals"
    }
   },
   "by_type": {
    "ad_hoc": 2,
    "corporate_news": 4,
    "regulatory_filing": 5,
    "results": 2
   },
   "cadence_median_gap_days": 37,
   "filing_days": 9,
   "filings": 13,
   "latency_days": 4,
   "latest": [
    {
     "category": "自己株券買付状況報告書 (share buy-back status report)",
     "date": "2026-11-02",
     "source": "https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100ZB7P",
     "title": "自己株券買付状況報告書（法２４条の６第１項に基づくもの）",
     "type": "corporate_news"
    },
    {
     "category": "自己株券買付状況報告書 (share buy-back status report)",
     "date": "2026-09-01",
     "source": "https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YZXL",
     "title": "自己株券買付状況報告書（法２４条の６第１項に基づくもの）",
     "type": "corporate_news"
    },
    {
     "category": "半期報告書 (half-year report)",
     "date": "2026-08-10",
     "source": "https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YVN9",
     "title": "半期報告書－第67期(2026/01/01－2026/12/31)",
     "type": "results"
    },
    {
     "category": "135",
     "date": "2026-08-10",
     "source": "https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YUVA",
     "title": "確認書",
     "type": "regulatory_filing"
    },
    {
     "category": "135",
     "date": "2026-04-15",
     "source": "https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100XZ50",
     "title": "確認書",
     "type": "regulatory_filing"
    }
   ],
   "latest_filing_date": "2026-11-02",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.jp-cm-kg.ai/events/TSE-PRIME/4919",
   "window": {
    "from": "2025-11-06",
    "to": "2026-11-06"
   }
  },
  "identity": {
   "exchange": {
    "read_by": "JPX listed-issuers workbook (data_e.xlsx, English)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.jpx.co.jp/english/markets/statistics-equities/misc/tvdivq0000001vg2-att/data_e.xlsx",
    "state": "sourced",
    "value": "Prime Market"
   },
   "isin": {
    "market": "JP",
    "reason": "no LEI, so no GLEIF ISIN route",
    "state": "not_on_record"
   },
   "jurisdiction": {
    "read_by": "EDINET code list (Edinetcode.zip, filer master with corporate number) (提出者種別)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/codelist/Edinetcode.zip",
    "state": "sourced",
    "value": "Japan (EDINET domestic filer)"
   },
   "lei": {
    "market": "JP",
    "reason": "no GLEIF record registered as 1200-01-001206 (RA000412)",
    "state": "not_on_record"
   },
   "name": {
    "read_by": "JPX listed-issuers workbook (data_e.xlsx, English)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.jpx.co.jp/english/markets/statistics-equities/misc/tvdivq0000001vg2-att/data_e.xlsx",
    "state": "sourced",
    "value": "Milbon Co.,Ltd."
   },
   "sector": {
    "read_by": "JPX listed-issuers workbook (data_e.xlsx, English) (33-sector classification)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.jpx.co.jp/english/markets/statistics-equities/misc/tvdivq0000001vg2-att/data_e.xlsx",
    "state": "sourced",
    "value": "3200 Chemicals"
   },
   "security_type": {
    "read_by": "JPX listed-issuers workbook (data_e.xlsx, English)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.jpx.co.jp/english/markets/statistics-equities/misc/tvdivq0000001vg2-att/data_e.xlsx",
    "state": "sourced",
    "value": "Corporate"
   },
   "segment": {
    "market": "JP",
    "state": "not_on_record"
   },
   "ticker": {
    "read_by": "JPX listed-issuers workbook (data_e.xlsx, English)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.jpx.co.jp/english/markets/statistics-equities/misc/tvdivq0000001vg2-att/data_e.xlsx",
    "state": "sourced",
    "value": "4919"
   },
   "website": {
    "market": "JP",
    "state": "not_on_record"
   }
  },
  "licensed": {
   "columns": [
    "licensor",
    "entitlement",
    "title",
    "date",
    "source"
   ],
   "rows": [],
   "rule": "A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded."
  },
  "lifecycle": {
   "delisting": {
    "market": "JP",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "domicile_change": {
    "market": "JP",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "listing": {
    "market": "JP",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "name_change": {
    "market": "JP",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "segment_move": {
    "market": "JP",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "market": "JP",
  "node": "jp-cm-kg",
  "numbers_hash": "sha256:b6ee8644c41ec1025e0d01d9ca1d47f8d5ed573a603966a74f3eefbfbc66b0b0",
  "open_research": {
   "read_date": "2026-11-12",
   "rows": [
    {
     "date": "2025-09-11",
     "kind": "issuer-sponsored",
     "publisher": "Nippon Investment Bespoke Research UK Ltd",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://www.milbon.com/en/ir/uploads/docs/Nippon-IBR_Milbon%20(4919)%20FY25%201H%2011_09_25%20(EN).pdf",
     "state": "sourced",
     "title": "MILBON CO., LTD (4919 JP) RESEARCH UPDATE – 11 SEPTEMBER 2025"
    },
    {
     "date": "2025-03-14",
     "kind": "issuer-sponsored",
     "publisher": "Nippon Investment Bespoke Research UK Ltd",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://www.milbon.com/en/ir/uploads/docs/Nippon-IBR_Milbon%20(4919)%20FY24%2014_03_25%20(EN).pdf",
     "state": "sourced",
     "title": "MILBON CO., LTD (4919 JP) RESEARCH UPDATE – 14 MARCH 2025"
    },
    {
     "date": "2024-09-13",
     "kind": "issuer-sponsored",
     "publisher": "Nippon Investment Bespoke Research UK Ltd",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://www.milbon.com/en/docs/Nippon-IBR_Milbon%20(4919)%20FY24%201H%2013_09_24%20(EN).pdf",
     "state": "sourced",
     "title": "MILBON CO., LTD (4919 JP) RESEARCH UPDATE – 13 SEPTEMBER 2024"
    },
    {
     "date": "2024-03-15",
     "kind": "issuer-sponsored",
     "publisher": "Nippon Investment Bespoke Research UK Ltd",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://www.milbon.com/en/docs/Nippon-IBR_Milbon%20(4919)%20FY23%2015_03_24%20(EN).pdf",
     "state": "sourced",
     "title": "MILBON CO., LTD (4919 JP) RESEARCH UPDATE – 15 MARCH 2024"
    },
    {
     "date": "2023-03-28",
     "kind": "issuer-sponsored",
     "publisher": "Nippon Investment Bespoke Research UK Ltd",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://www.milbon.com/en/docs/Nippon-IBR_Milbon%20(4919)%20FY22%2028_03_23%20(EN).pdf",
     "state": "sourced",
     "title": "MILBON CO., LTD (4919 JP) RESEARCH UPDATE – 28 MARCH 2023"
    },
    {
     "date": "2021-03-31",
     "kind": "issuer-sponsored",
     "publisher": "Nippon Investment Bespoke Research UK Ltd",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://www.milbon.com/en/ir/uploads/docs/20210331_SponsoredResearchReport.pdf",
     "state": "sourced",
     "title": "MILBON CO., LTD (4919 JP) RESEARCH UPDATE – 31 MARCH 2021"
    }
   ],
   "state": "found"
  },
  "orderability": {
   "chapter_as_of": "2026-11-04",
   "client_categories": [
    "Qualified Institutional Investors"
   ],
   "outcomes": {
    "Qualified Institutional Investors": {
     "determinable": false,
     "reason": "the rule states a product scope and the subject's record carries no instrument class to place within it",
     "signal": null
    }
   },
   "read": {
    "basis": "one live read per instrument class, halt state and client category on this market; this issuer's group",
    "chapter": "https://mcp.jp-cm-kg.ai/book/aio.json",
    "door": "https://mcp.jp-cm-kg.ai/mcp",
    "tool": "get_orderability"
   },
   "rule_version": "acm-68000/jp/suitability-principle-fiea-article-40/r1",
   "section": "jp.aio.v6"
  },
  "record": {
   "as_of": "2026-11-06",
   "url": "https://mcp.jp-cm-kg.ai/record/TSE-PRIME/4919",
   "version": 1
  },
  "schema": "research-numbers v0.1 (USR-01, 2026-11-11)",
  "status": {
   "read_date": "2026-11-08",
   "source": "https://www.jpx.co.jp/markets/equities/suspended/index.html",
   "value": "listed, not halted"
  }
 },
 "numbers_hash": "sha256:b6ee8644c41ec1025e0d01d9ca1d47f8d5ed573a603966a74f3eefbfbc66b0b0",
 "path": "/jp/TSE-PRIME/4919",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "The issuer is Milbon Co.,Ltd., listed on the Prime Market under ticker 4919. The ISIN is not on the record and the LEI is not on the record. The security type is Corporate. The segment is not on the record. The sector is 3200 Chemicals and the jurisdiction is Japan (EDINET domestic filer). The listing status is listed, not halted.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 13 filings in the twelve months to 2026-11-06, across 9 filing days. The filings comprise 2 ad hoc, 4 corporate news, 5 regulatory filing and 2 results. The median gap between filing days is 37.0 days. The latest filing is dated 2026-11-02, is a corporate news filing, and is 4 days before the record date. The Prime Market median is 29.0 days of cadence, 10 filings and 70.0 days of latency across 1557 issuers. The 3200 Chemicals sector median is 36.5 days of cadence, 9.0 filings and 91 days of latency across 202 issuers. The issuer's cadence gap of 37.0 days is above both medians, and its filing count of 13 is above both medians.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor of record is 仰星監査法人. Its location is not on the record. Auditor changes are not on the record, as the market's register does not yet carry a lifecycle type map.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "Listing, delisting, name change, domicile change and segment move are each not on the record, as the market's register does not yet carry a lifecycle type map. The halt flag shows listed, not halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "For the client category Qualified Institutional Investors, the outcome is not determinable, because the rule states a product scope and the subject's record carries no instrument class to place within it. The rule version is acm-68000/jp/suitability-principle-fiea-article-40/r1, with the chapter as of 2026-11-04.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "The record finds 3 research houses named on the issuer's own investor-relations page: Daiwa Securities Co., Ltd., Jefferies Japan Limited and SMBC Nikko Securities Inc.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "The record holds 6 openly published research notes, all from Nippon Investment Bespoke Research UK Ltd, dated 2025-09-11, 2025-03-14, 2024-09-13, 2024-03-15, 2023-03-28 and 2021-03-31.",
   "title": "Open research"
  },
  {
   "id": "licensed",
   "text": "Licensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.",
   "title": "Licensed"
  },
  {
   "id": "depth",
   "text": "The vintage is not sealed. No issuer years are sealed, the market's earliest sealed date is not on the record, and the live record began is not on the record.",
   "title": "As-of depth"
  },
  {
   "id": "sources",
   "text": "14 source pages are named on this page; every value above carries its own source page and read date in the numbers.",
   "title": "Sources"
  }
 ],
 "sources": [
  {
   "for": "identity.exchange",
   "source": "https://www.jpx.co.jp/english/markets/statistics-equities/misc/tvdivq0000001vg2-att/data_e.xlsx"
  },
  {
   "for": "identity.jurisdiction",
   "source": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/codelist/Edinetcode.zip"
  },
  {
   "for": "the disclosure lines",
   "source": "https://mcp.jp-cm-kg.ai/events/TSE-PRIME/4919"
  },
  {
   "for": "the halt flag",
   "source": "https://www.jpx.co.jp/markets/equities/suspended/index.html"
  },
  {
   "for": "the auditor",
   "source": "https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100XTTF"
  },
  {
   "for": "the orderability chapter",
   "source": "https://mcp.jp-cm-kg.ai/book/aio.json"
  },
  {
   "for": "coverage",
   "source": "https://www.milbon.com/en/ir/analyst_coverage/"
  },
  {
   "for": "open research",
   "source": "https://www.milbon.com/en/ir/uploads/docs/Nippon-IBR_Milbon%20(4919)%20FY25%201H%2011_09_25%20(EN).pdf"
  },
  {
   "for": "open research",
   "source": "https://www.milbon.com/en/ir/uploads/docs/Nippon-IBR_Milbon%20(4919)%20FY24%2014_03_25%20(EN).pdf"
  },
  {
   "for": "open research",
   "source": "https://www.milbon.com/en/docs/Nippon-IBR_Milbon%20(4919)%20FY24%201H%2013_09_24%20(EN).pdf"
  },
  {
   "for": "open research",
   "source": "https://www.milbon.com/en/docs/Nippon-IBR_Milbon%20(4919)%20FY23%2015_03_24%20(EN).pdf"
  },
  {
   "for": "open research",
   "source": "https://www.milbon.com/en/docs/Nippon-IBR_Milbon%20(4919)%20FY22%2028_03_23%20(EN).pdf"
  },
  {
   "for": "open research",
   "source": "https://www.milbon.com/en/ir/uploads/docs/20210331_SponsoredResearchReport.pdf"
  },
  {
   "for": "the record",
   "source": "https://mcp.jp-cm-kg.ai/record/TSE-PRIME/4919"
  }
 ],
 "title": "Milbon Co.,Ltd. (4919) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}