Mandom (4917) AI Stock Analysis

• Market Cap: ¥127.98B
• Dividend Yield: 1.45%
• Average Volume (3M): 988.92K
• Price to Earnings (P/E): 66.5
• Beta (1Y): 0.44
• Revenue Growth: 3.95%
• EPS Growth: -25.42%
• Country: JP
• Employees: 2,672
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Household & Personal Products
• EPS (TTM): 17.88
• Shares Outstanding: 48,269,210
• 10 Day Avg. Volume: 356,360
• 30 Day Avg. Volume: 988,916
• PEG Ratio: -1.12
• Price to Book (P/B): 0.85
• Price to Sales (P/S): 0.78
• P/FCF Ratio: 19.05
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 63 Neutral
• Price Target: ¥2,930.00 ▲(6.24% Upside)

Mandom's stock score is primarily driven by its strong financial performance, particularly its revenue growth and solid balance sheet. However, technical indicators suggest the stock is overbought, and valuation metrics indicate it may be overpriced relative to peers. These factors contribute to a moderate overall score, with potential risks of a price correction.

Positive Factors

Revenue Growth

The consistent revenue growth indicates Mandom's successful market penetration and product demand, particularly in Asia, supporting long-term business expansion.

Balance Sheet Health

A low debt-to-equity ratio suggests financial stability and low leverage, providing Mandom with flexibility to invest in growth opportunities and withstand economic fluctuations.

Cash Generation

Strong free cash flow growth enhances Mandom's ability to fund operations, invest in new projects, and return value to shareholders, supporting sustainable long-term growth.

Negative Factors

Profitability Margins

Modest net profit margins suggest challenges in cost management or pricing strategy, which may limit profitability and competitiveness in the long term.

Operational Efficiency

Fluctuating EBIT and EBITDA margins indicate potential inefficiencies in operations, which could hinder Mandom's ability to optimize costs and improve profitability.

Cash Flow Efficiency

Low cash flow efficiency suggests difficulties in converting income to cash, which may affect liquidity and the ability to fund future growth initiatives.

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 generates revenue primarily through the sale of its personal care products across different markets, with a significant focus on the Asian region. The company's revenue model is based on direct product sales to consumers through retail channels, including supermarkets, drugstores, and e-commerce platforms. Key revenue streams include the sales of hair care products, skincare items, and cosmetics. Mandom also engages in strategic partnerships with distributors and retailers to enhance product visibility and accessibility. Additionally, the company invests in marketing and brand promotion to drive consumer engagement and increase market share, contributing to its overall earnings.

Mandom Financial Statement Overview

Summary

Mandom shows steady revenue growth and a strong gross profit margin, but faces challenges with low net profit margins and declining EBIT and EBITDA margins. The balance sheet is robust with minimal leverage, but cash flow management needs improvement due to a significant decline in free cash flow growth.

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	78.25B	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

• Technical Analysis Sentiment: Positive
• Last Price: 2758.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Negative
• STOCH: Negative

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 2758 is above the 20-day moving average (MA) of 2742.75, above the 50-day MA of 2552.50, and above the 200-day MA of 1807.71, indicating a bullish trend. The MACD of 75.42 indicates Positive momentum. The RSI at 76.45 is Negative, neither overbought nor oversold. The STOCH value of 95.22 is Negative, 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
4928	76 Outperform	¥158.66B	19.76	―	5.00%	1.41%	0.75%
4919	75 Outperform	¥76.87B	23.88	6.83%	3.53%	3.05%	-32.61%
4927	68 Neutral	$290.92B	29.13	6.05%	3.92%	-1.16%	36.30%
4923	66 Neutral	¥34.05B	24.42	―	1.81%	0.22%	4.15%
4917	63 Neutral	¥127.98B	66.54	2.73%	1.45%	3.95%	-25.42%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
4922	57 Neutral	¥298.60B	39.91	2.72%	2.61%	1.37%	-5.60%

Mandom Corporate Events

Mandom Corporation Announces Amendments to MBO and Tender Offer

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 Amends Tender Offer for Mandom Corporation

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 Amends MBO Opinion Amid Acquisition Talks

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 Amends Tender Offer for Mandom Corporation

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 Updates Tender Offer Details Amidst Ongoing Acquisition Discussions

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 Reviews Amended Tender Offer Terms by Kalon Holdings

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 Amends Tender Offer for Mandom Corporation

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 Extends Tender Offer for Mandom Corporation

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 Amends MBO Opinion and Shareholder Recommendation

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 Reports Increased Sales but Halts Dividend Payments

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 Extends Tender Offer for Mandom Corporation

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 Responds to Large-Scale Share Acquisition

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 Prepares for Potential Shareholders’ Meeting Amid Large-Scale Acquisitions

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 Revises Stance on Tender Offer Amid Share Acquisition Surge

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 Responds to Large-Scale Share Acquisition

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.

Kalon Holdings Amends Tender Offer for Mandom Corporation Shares

Kalon Holdings Co., Ltd. has filed an amendment to the tender offer registration statement for acquiring shares of Mandom Corporation, with the aim of taking the company private. This move follows the receipt of regulatory approvals from the Japan Fair Trade Commission, allowing Kalon Holdings to proceed with the acquisition, which could significantly impact Mandom’s market positioning and stakeholder interests.

The most recent analyst rating on (JP:4917) stock is a Hold with a Yen2456.00 price target. To see the full list of analyst forecasts on Mandom stock, see the JP:4917 Stock Forecast page.

Kalon Holdings Amends Tender Offer for Mandom Corporation

Kalon Holdings Co., Ltd. has filed an amendment to the tender offer registration statement for the acquisition of Mandom Corporation’s shares, following approval from the National Competition Commission of Vietnam. This amendment does not alter the initial conditions of the tender offer but updates the public notice to reflect the new regulatory approval.

The most recent analyst rating on (JP:4917) stock is a Hold with a Yen2456.00 price target. To see the full list of analyst forecasts on Mandom stock, see the JP:4917 Stock Forecast page.