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Mandom
(4917)
Mandom (4917) vs. iShares MSCI Japan ETF (EWJ)
Mandom Business Overview & Revenue Model
Mandom Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 78.25B | 76.18B | 73.23B | 67.05B | 57.36B | 63.31B |
| Gross Profit | 35.23B | 32.90B | 31.53B | 28.68B | 23.40B | 29.43B |
| EBITDA | 6.25B | 6.59B | 8.58B | 6.85B | 4.82B | 6.28B |
| Net Income | 1.93B | 1.86B | 2.60B | 958.00M | -621.00M | 860.00M |
Balance Sheet | ||||||
| Total Assets | 96.06B | 97.49B | 93.27B | 91.00B | 85.77B | 87.91B |
| Cash, Cash Equivalents and Short-Term Investments | 29.83B | 29.12B | 26.98B | 21.49B | 20.02B | 16.14B |
| Total Debt | 3.44B | 95.00M | 102.00M | 142.00M | 226.00M | 3.69B |
| Total Liabilities | 20.04B | 20.82B | 20.06B | 19.82B | 16.72B | 18.20B |
| Stockholders Equity | 69.65B | 69.89B | 66.52B | 65.12B | 63.32B | 64.22B |
Cash Flow | ||||||
| Free Cash Flow | 1.85B | 3.12B | 5.06B | 2.45B | 5.60B | -2.67B |
| Operating Cash Flow | 3.19B | 4.92B | 6.81B | 4.07B | 7.69B | 6.21B |
| Investing Cash Flow | -2.80B | -2.08B | -887.00M | -1.26B | -185.00M | -5.68B |
| Financing Cash Flow | -2.07B | -2.20B | -2.11B | -2.07B | -5.38B | 1.13B |
Mandom Technical Analysis
Mandom Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ¥159.34B | 19.84 | ― | 5.00% | 1.41% | 0.75% | |
75 Outperform | ÂĄ80.42B | 24.98 | 6.83% | 3.53% | 3.05% | -32.61% | |
68 Neutral | ÂĄ298.99B | 29.93 | 6.05% | 3.92% | -1.16% | 36.30% | |
66 Neutral | ÂĄ142.37B | 74.02 | 2.73% | 1.45% | 3.95% | -25.42% | |
66 Neutral | ¥34.52B | 23.14 | ― | 1.81% | 0.22% | 4.15% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
57 Neutral | ÂĄ314.29B | 42.00 | 2.72% | 2.61% | 1.37% | -5.60% |
Mandom Corporate Events
Mandom Corporation has issued another amendment notice related to its earlier board statement supporting a management buyout (MBO) and recommending shareholders tender their shares into a takeover bid by Kalon Holdings Co., Ltd. The latest revision follows Kalon’s January 28, 2026 change to the tender offer price for Mandom’s common shares and the company’s same-day revision of its financial results forecasts, which required Kalon to file an updated Tender Offer Registration Statement and extend the tender period to February 12, 2026. While Mandom confirms that, as of January 29, 2026, its formal opinion in favor of the tender offer remains unchanged from its December 4, 2025 position, it reiterates that this stance may change in the future and urges shareholders to closely monitor further disclosures as the MBO and tender process continues to evolve.
The most recent analyst rating on (JP:4917) stock is a Buy with a Yen3480.00 price target. To see the full list of analyst forecasts on Mandom stock, see the JP:4917 Stock Forecast page.
Mandom Corporation announced that Kalon Holdings Co., Ltd., which has been pursuing a tender offer for Mandom’s shares since September 2025, has filed yet another amendment to its Tender Offer Registration Statement with the Kanto Local Finance Bureau as of January 28, 2026. As a result, Mandom’s prior notice regarding the commencement and subsequent amendments and extensions of the tender offer will be revised in line with the latest filing, underscoring the ongoing, heavily regulated and evolving nature of the proposed transaction and signaling continued procedural adjustments that shareholders and market participants must monitor closely.
The most recent analyst rating on (JP:4917) stock is a Buy with a Yen3480.00 price target. To see the full list of analyst forecasts on Mandom stock, see the JP:4917 Stock Forecast page.
Mandom Corporation has sharply revised down its consolidated earnings forecast for the fiscal year ending March 31, 2026, cutting projected net sales from ¥84.32 billion to ¥78.6 billion and reducing expected operating income by 22.9% as weaker performance in major domestic brands, sluggish exports in Indonesia, and delayed recovery and fierce competition in other overseas markets weigh on results. Current net income attributable to owners of the parent is now forecast to fall about 25% below the previous estimate despite higher gains from securities sales, reflecting both the shortfall in sales and additional expenses related to the implementation of a management buyout, signaling ongoing profitability pressures as the company navigates challenging market conditions in Asia.
The most recent analyst rating on (JP:4917) stock is a Buy with a Yen3480.00 price target. To see the full list of analyst forecasts on Mandom stock, see the JP:4917 Stock Forecast page.
Mandom Corporation announced further amendments to its previously disclosed statements supporting a management buyout (MBO) and recommending that shareholders tender their shares, reflecting updates tied to changes in the tender offer for its common stock by Kalon Holdings Co., Ltd. The latest revisions arise from Kalon’s amended tender offer registration, which incorporates an agreement involving Hibiki Path Advisors regarding transfer and description of tender-related shareholdings, an extension of the tender offer period to January 29, 2026, and disclosure that Mandom has received a legally binding letter of intent from Kohlberg Kravis Roberts & Co. L.P. on a potential take-private transaction; despite these developments, Mandom states that its previously expressed favorable opinion on the ongoing tender offer remains unchanged as of January 16, 2026.
The most recent analyst rating on (JP:4917) stock is a Hold with a Yen3193.00 price target. To see the full list of analyst forecasts on Mandom stock, see the JP:4917 Stock Forecast page.
Kalon Holdings Co., Ltd., which has been conducting a tender offer for the shares of Mandom Corporation since September 2025, has filed yet another amendment to its Tender Offer Registration Statement with the Kanto Local Finance Bureau as of January 15, 2026. As a result, Mandom announced that the original tender offer commencement notice and its previous amendments, including those related to extensions of the tender offer period, will be revised accordingly as detailed in an attached document, underscoring the ongoing, highly regulated nature of the bid process and signaling continued adjustments to the terms or conditions of the offer for shareholders and market participants.
The most recent analyst rating on (JP:4917) stock is a Buy with a Yen3061.00 price target. To see the full list of analyst forecasts on Mandom stock, see the JP:4917 Stock Forecast page.
Mandom Corporation announced that it has received a legally binding letter of intent from Kohlberg Kravis Roberts & Co. L.P. (KKR) to take the company private via a tender offer for its common shares followed by a squeeze-out, constituting a new competing transaction to the ongoing tender offer by Kalon Holdings. In response, Mandom’s board on January 14, 2026 resolved to formally commission its Special Committee to evaluate the KKR proposal, specifically to assess whether the tender offer terms are fair, whether the transaction contributes to corporate value and the interests of general shareholders, and whether the board should support and recommend shareholders to tender, while two representative directors recused themselves from the deliberations to mitigate conflicts of interest and all statutory auditors raised no objections. This development intensifies the contest for control of Mandom, with the company leveraging its previously introduced response policy to large-scale share acquisitions and a structured governance process to secure the most favorable outcome for its shareholders.
The most recent analyst rating on (JP:4917) stock is a Buy with a Yen3061.00 price target. To see the full list of analyst forecasts on Mandom stock, see the JP:4917 Stock Forecast page.
Mandom Corporation announced a further partial amendment to its previous statements supporting the management buyout and recommending shareholders tender their shares, reflecting new developments in the ongoing tender offer for its stock by Kalon Holdings. The update follows Kalon Holdings’ agreement with Ogawa & Co. Ltd. for Ogawa to tender all of its Mandom shares and not withdraw them, and the resulting filing of an amended Tender Offer Registration Statement that, among other changes, extends the tender offer period to January 20, 2026. Despite these procedural changes, Mandom stated that its board’s positive opinion on the tender offer remains unchanged as of January 6, 2026, signaling continued support for the MBO process and providing shareholders with additional time and clarity as a major shareholder has committed to participate.
The most recent analyst rating on (JP:4917) stock is a Hold with a Yen2930.00 price target. To see the full list of analyst forecasts on Mandom stock, see the JP:4917 Stock Forecast page.
Mandom Corporation announced that Kalon Holdings Co., Ltd., which has been conducting a tender offer for Mandom’s shares since late September 2025, has filed yet another amendment to its Tender Offer Registration Statement with the Kanto Local Finance Bureau as of January 5, 2026. As a result, the original notice regarding the commencement of the tender offer and its subsequent amendments and tender offer period extension will be revised again, with details set out in an attached document. The repeated amendments and extensions underscore the complexity and evolving nature of the takeover process, and may influence the timing, terms, and certainty of the transaction for Mandom’s shareholders and other stakeholders. This release was issued by Mandom at the formal request of Kalon Holdings, the tender offeror, under Japan’s Financial Instruments and Exchange Act.
The most recent analyst rating on (JP:4917) stock is a Hold with a Yen2930.00 price target. To see the full list of analyst forecasts on Mandom stock, see the JP:4917 Stock Forecast page.
Mandom Corporation announced amendments to its previous press releases regarding a management buyout (MBO) and tender offer for its shares. The amendments were necessitated by a non-binding letter of intent from a third-party candidate to take the company private, prompting changes to the tender offer registration statement and an extension of the tender offer period to January 5, 2026. These developments could impact the company’s market positioning and shareholder decisions.
The most recent analyst rating on (JP:4917) stock is a Buy with a Yen2690.00 price target. To see the full list of analyst forecasts on Mandom stock, see the JP:4917 Stock Forecast page.
Kalon Holdings Co., Ltd. has filed an amendment to its tender offer registration statement for acquiring shares of Mandom Corporation, as required by the Financial Instruments and Exchange Act. This amendment reflects ongoing adjustments in the tender offer process, which could impact Mandom’s market position and stakeholder interests.
The most recent analyst rating on (JP:4917) stock is a Buy with a Yen2690.00 price target. To see the full list of analyst forecasts on Mandom stock, see the JP:4917 Stock Forecast page.
Mandom Corporation has announced an amendment to its previous notice regarding its opinion on a management buyout (MBO) and recommendation to tender shares, in light of a large-scale acquisition attempt by City Index Eleventh Co., Ltd. The company has been exploring alternative acquisition proposals to enhance corporate value and shareholder interests, and has received a non-binding letter of intent from a third-party candidate about taking the company private. However, the company maintains its neutral stance on the tender offer, leaving the decision to shareholders.
The most recent analyst rating on (JP:4917) stock is a Buy with a Yen2690.00 price target. To see the full list of analyst forecasts on Mandom stock, see the JP:4917 Stock Forecast page.
Kalon Holdings Co., Ltd. has filed an amendment to the tender offer registration statement for Mandom Corporation, necessitating changes to the initial notice of the tender offer. This move is part of a series of amendments aimed at acquiring shares of Mandom Corporation, indicating ongoing strategic maneuvers that could impact Mandom’s market position and shareholder interests.
The most recent analyst rating on (JP:4917) stock is a Buy with a Yen2690.00 price target. To see the full list of analyst forecasts on Mandom stock, see the JP:4917 Stock Forecast page.
Mandom Corporation announced amendments to its previous press release regarding the Management Buyout (MBO) and tender offer by Kalon Holdings Co., Ltd. The changes include an extension of the tender offer period and an increase in the tender offer price. The company’s board maintains a neutral stance on recommending shareholders to tender their shares, as they are exploring other acquisition proposals to enhance corporate value.
The most recent analyst rating on (JP:4917) stock is a Buy with a Yen2690.00 price target. To see the full list of analyst forecasts on Mandom stock, see the JP:4917 Stock Forecast page.
Mandom Corporation announced a response to an amendment statement filed by Kalon Holdings Co., Ltd. regarding a tender offer for Mandom’s common shares. The amendment includes changes to the purchase terms, notably adjusting the share price to 2,520 yen. Mandom’s board will evaluate these changes to determine their impact on corporate value and shareholder interests, with a decision on their stance forthcoming.
The most recent analyst rating on (JP:4917) stock is a Buy with a Yen2690.00 price target. To see the full list of analyst forecasts on Mandom stock, see the JP:4917 Stock Forecast page.
Kalon Holdings Co., Ltd. has filed an amendment to its tender offer registration statement for Mandom Corporation, necessitating changes to the initial notice regarding the tender offer. This amendment reflects ongoing adjustments in the acquisition process, which may impact Mandom’s market position and shareholder interests.
The most recent analyst rating on (JP:4917) stock is a Buy with a Yen2690.00 price target. To see the full list of analyst forecasts on Mandom stock, see the JP:4917 Stock Forecast page.
Kalon Holdings Co., Ltd. has announced an extension of the tender offer period for Mandom Corporation’s shares, initially set to conclude on November 19, 2025, now extended to December 4, 2025. This extension aims to provide Mandom’s shareholders more time to consider the offer, potentially increasing the success rate of the tender offer, and reflects the market conditions and shareholder responses since the offer’s commencement.
The most recent analyst rating on (JP:4917) stock is a Buy with a Yen2690.00 price target. To see the full list of analyst forecasts on Mandom stock, see the JP:4917 Stock Forecast page.
Mandom Corporation has announced amendments to its previous press release concerning its opinion on a management buyout (MBO) and the recommendation for shareholders to tender their shares. The company has decided to maintain its favorable opinion on the tender offer but has withdrawn its recommendation for shareholders to tender their shares, leaving the decision to individual shareholders. This move could impact the company’s strategic direction and influence shareholder decisions.
The most recent analyst rating on (JP:4917) stock is a Buy with a Yen2690.00 price target. To see the full list of analyst forecasts on Mandom stock, see the JP:4917 Stock Forecast page.
Mandom Corporation reported a 5.3% increase in net sales for the six months ended September 30, 2025, with significant growth in operating and ordinary income. However, the company announced a revision to its dividend policy, deciding not to pay dividends for the fiscal year ending March 2026, which may impact shareholder returns.
The most recent analyst rating on (JP:4917) stock is a Buy with a Yen2690.00 price target. To see the full list of analyst forecasts on Mandom stock, see the JP:4917 Stock Forecast page.
Kalon Holdings Co., Ltd. has filed an amendment to the tender offer registration statement for Mandom Corporation’s shares, extending the purchase period to November 19, 2025. This move is part of Kalon’s strategy to take Mandom private, which may impact Mandom’s market presence and shareholder dynamics.
The most recent analyst rating on (JP:4917) stock is a Buy with a Yen2690.00 price target. To see the full list of analyst forecasts on Mandom stock, see the JP:4917 Stock Forecast page.
Mandom Corporation has introduced a response policy to address the large-scale acquisition of its shares by City Index Eleventh Co., Ltd. The policy aims to ensure shareholders have the necessary time and information to make informed decisions, as well as to secure a viable acquisition proposal. The rapid acquisition by City Index Eleventh Co., Ltd. has created significant pressure on shareholders, prompting Mandom to take measures to protect their interests.
The most recent analyst rating on (JP:4917) stock is a Buy with a Yen2690.00 price target. To see the full list of analyst forecasts on Mandom stock, see the JP:4917 Stock Forecast page.
Mandom Corporation has announced the setting of a record date for a potential extraordinary shareholders’ meeting, which may be convened in response to large-scale acquisitions of its shares by City Index Eleventh Co., Ltd. and others. This measure is part of a response policy to manage such acquisitions, ensuring that shareholders’ interests are protected and that any necessary countermeasures can be discussed if the acquiring parties do not comply with the set rules.
The most recent analyst rating on (JP:4917) stock is a Buy with a Yen2690.00 price target. To see the full list of analyst forecasts on Mandom stock, see the JP:4917 Stock Forecast page.
Mandom Corporation has announced an amendment to its previous recommendation regarding a management buyout (MBO) and tender offer by Kalon Holdings. Due to a significant increase in share acquisition by City Index Eleventh Co., Ltd. and others, the likelihood of the tender offer’s success has decreased. Consequently, Mandom’s board has decided to maintain its favorable opinion of the tender offer but withdraws its recommendation for shareholders to tender their shares, leaving the decision to individual shareholders. The company has also introduced a response policy to protect its corporate value and shareholder interests.
The most recent analyst rating on (JP:4917) stock is a Buy with a Yen2690.00 price target. To see the full list of analyst forecasts on Mandom stock, see the JP:4917 Stock Forecast page.
Mandom Corporation has introduced a response policy to address the large-scale acquisition of its shares by City Index Eleventh Co., Ltd. and related parties, who have rapidly increased their shareholding to 17.63%. The company aims to protect its corporate value and shareholders’ interests by ensuring that decisions on its financial and business policies are not unduly influenced by these acquisitions, which may lack transparency and exert pressure on shareholders.
The most recent analyst rating on (JP:4917) stock is a Buy with a Yen2690.00 price target. To see the full list of analyst forecasts on Mandom stock, see the JP:4917 Stock Forecast page.