Mandom (4917) AI Stock Analysis

• Market Cap: $101.12B
• Dividend Yield: 1.77%
• Average Volume (3M): 913.89K
• Price to Earnings (P/E): 50.2
• Beta (1Y): 0.34
• Revenue Growth: 5.55%
• EPS Growth: -14.52%
• Country: JP
• Employees: 2,672
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Household & Personal Products
• EPS (TTM): 18.31
• Shares Outstanding: 48,269,210
• 10 Day Avg. Volume: 700,370
• 30 Day Avg. Volume: 913,890
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 0.47
• Enterprise Value/Revenue: 0.61
• Enterprise Value/Gross Profit: 1.39
• Enterprise Value/Ebitda: 7.62
• 1Y Price Target: $1,650.65
• Price Target Upside: -26.80% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 64 Neutral
• Price Target: ¥2,456.00 ▲(8.91% Upside)

Mandom's stock score is primarily influenced by its stable financial position and strong revenue growth. However, the high P/E ratio and overbought technical indicators suggest caution. The company's low leverage is a positive, but cash flow management needs improvement to enhance shareholder value.

Mandom Business Overview & Revenue Model

Company Description

Mandom Corporation engages in the manufacture and sale of cosmetics, perfumes, and quasi-drugs in Japan, Indonesia, and internationally. It offers a range of products, including men's everyday grooming products, as well as general fashion items, such as hair styling, skin care, and body care products; and hair coloring, scalp care, and face care products under the Gatsby and Lúcido brands. The company also provides a range of women's grooming and fashion items, such as hair styling and body care products comprises make-up and skin care items, as well as hair styling, coloring, and treatment products under the Bifesta, Pixy, Lúcido-L, and Pucelle brands. In addition, it offers professional-use products and technologies to hair salons through distributors; and provides insurance agency, travel, and general services. Mandom Corporation sells its products to drug stores and convenience stores through distributors. The company was formerly known as Tancho Corporation and changed its name to Mandom Corporation in April 1971. Mandom Corporation was founded in 1927 and is headquartered in Osaka, Japan.

How the Company Makes Money

Mandom Corporation generates revenue through the sale of its cosmetic and personal care products across various markets, primarily in Asia. The company's revenue streams are largely driven by its well-established brands such as 'Gatsby' and 'Lucido-L.' Mandom sells its products through multiple distribution channels, including retail stores, online platforms, and wholesale distributors. Additionally, the company benefits from strategic partnerships and collaborations that enhance its market presence and product offerings, further contributing to its earnings. Mandom's focus on research and innovation allows it to continuously introduce new and improved products, catering to evolving consumer preferences and trends.

Mandom Financial Statement Overview

Summary

Mandom shows stable revenue growth and a strong balance sheet with low leverage. However, profitability margins are low, and cash flow management needs improvement, as indicated by a significant decline in free cash flow.

Income Statement

Mandom's income statement shows a steady revenue growth with a TTM growth rate of 2.58%. The gross profit margin remains strong at approximately 43%, indicating efficient production processes. However, the net profit margin is relatively low at 2.44%, suggesting room for improvement in cost management or pricing strategies. The EBIT and EBITDA margins have decreased compared to previous periods, which could indicate rising operational costs or competitive pressures.

Balance Sheet

The balance sheet is robust with a very low debt-to-equity ratio of 0.0014, indicating minimal leverage and financial risk. The equity ratio is strong, reflecting a solid capital structure. Return on equity is modest at 2.69%, suggesting that while the company is stable, it could enhance shareholder returns through more efficient use of equity.

Cash Flow

Cash flow analysis reveals challenges, with a significant decline in free cash flow growth at -72.97% TTM. The operating cash flow to net income ratio is healthy at 0.33, indicating good cash generation relative to earnings. However, the decline in free cash flow suggests potential issues in cash management or increased capital expenditures.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	78.15B	76.18B	73.23B	67.05B	57.36B	63.31B
Gross Profit	34.37B	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	2.02B	1.86B	2.60B	958.00M	-621.00M	860.00M
Balance Sheet
Total Assets	94.59B	97.49B	93.27B	91.00B	85.77B	87.91B
Cash, Cash Equivalents and Short-Term Investments	25.50B	29.12B	26.98B	21.49B	20.02B	16.14B
Total Debt	3.24B	95.00M	102.00M	142.00M	226.00M	3.69B
Total Liabilities	19.58B	20.82B	20.06B	19.82B	16.72B	18.20B
Stockholders Equity	68.61B	69.89B	66.52B	65.12B	63.32B	64.22B
Cash Flow
Free Cash Flow	916.00M	3.12B	5.06B	2.45B	5.60B	-2.67B
Operating Cash Flow	2.42B	4.92B	6.81B	4.07B	7.69B	6.21B
Investing Cash Flow	-2.63B	-2.08B	-887.00M	-1.26B	-185.00M	-5.68B
Financing Cash Flow	-2.08B	-2.20B	-2.11B	-2.07B	-5.38B	1.13B

Mandom Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2255.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4917, the sentiment is Positive. The current price of 2255 is above the 20-day moving average (MA) of 2091.10, above the 50-day MA of 1697.14, and above the 200-day MA of 1409.81, indicating a bullish trend. The MACD of 178.12 indicates Positive momentum. The RSI at 71.86 is Negative, neither overbought nor oversold. The STOCH value of 42.35 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:4917.

Mandom Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
4923	73 Outperform	¥39.75B	27.80	―	1.48%	6.10%	13.84%
4919	72 Outperform	$79.75B	25.31	6.66%	3.57%	4.06%	-22.80%
4927	68 Neutral	$293.68B	45.69	3.99%	3.92%	-0.89%	-34.14%
4928	65 Neutral	¥148.75B	19.56	―	5.17%	-1.63%	1.81%
4917	64 Neutral	$101.12B	50.19	3.06%	1.77%	5.55%	-14.52%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
4922	61 Neutral	¥335.40B	111.99	1.11%	2.38%	2.82%	-79.45%

Mandom Corporate Events

Mandom Corporation Revises Dividend Forecasts Amid Tender Offer Plans

Mandom Corporation has announced a revision to its dividend forecasts for the fiscal year ending March 31, 2026, deciding not to distribute any interim or year-end dividends. This decision is linked to a planned tender offer by Kalon Holdings, which aims to take Mandom private and delist its shares. The company has also resolved to abolish its shareholder benefit plan contingent on the successful completion of the tender offer. The tender offer process is expected to take time due to necessary legal clearances in Japan and Vietnam, with commencement anticipated around late September 2025.

The most recent analyst rating on (JP:4917) stock is a Hold with a Yen1547.00 price target. To see the full list of analyst forecasts on Mandom stock, see the JP:4917 Stock Forecast page.

Mandom Corporation Supports Management Buyout Proposal

Mandom Corporation’s board of directors has expressed support for a management buyout (MBO) involving a tender offer by Kalon Holdings, Co., Ltd. The company recommends shareholders tender their shares if the offer proceeds. The tender offer is contingent on obtaining necessary competition law clearances in Japan and Vietnam, with the process expected to commence around late September 2025, pending regulatory approvals.

The most recent analyst rating on (JP:4917) stock is a Hold with a Yen1547.00 price target. To see the full list of analyst forecasts on Mandom stock, see the JP:4917 Stock Forecast page.

Kalon Holdings Announces Tender Offer for Mandom Corporation

Kalon Holdings, Co., Ltd. has announced its decision to acquire shares of Mandom Corporation through a tender offer, aiming to take the company private. This move is part of a series of transactions under the Financial Instruments and Exchange Act, with necessary procedures and approvals pending under competition laws in Japan and Vietnam. The tender offer is expected to commence around late September 2025, subject to the completion of these conditions.

The most recent analyst rating on (JP:4917) stock is a Hold with a Yen1547.00 price target. To see the full list of analyst forecasts on Mandom stock, see the JP:4917 Stock Forecast page.

Mandom Corporation Reports Strong Q1 Growth and Positive Outlook for FY2026

Mandom Corporation reported a significant increase in its consolidated business results for the three months ended June 30, 2025, with net sales rising by 10.2% and operating income increasing by 45.9% compared to the same period last year. The company forecasts continued growth for the fiscal year ending March 31, 2026, with expected net sales of 84,320 million yen, indicating a 10.7% year-on-year increase, reflecting strong market positioning and operational performance.

The most recent analyst rating on (JP:4917) stock is a Buy with a Yen1600.00 price target. To see the full list of analyst forecasts on Mandom stock, see the JP:4917 Stock Forecast page.