Why is Mandom Corp. ?
1
Poor Management Efficiency with a low ROE of 2.06%
- The company has been able to generate a Return on Equity (avg) of 2.06% signifying low profitability per unit of shareholders funds
2
Poor long term growth as Net Sales has grown by an annual rate of -1.41% and Operating profit at -29.65% over the last 5 years
3
Negative results in Dec 25
- OPERATING CASH FLOW(Y) Lowest at JPY 3,547 MM
- INVENTORY TURNOVER RATIO(HY) Lowest at 2.42 times
- NET SALES(Q) Lowest at JPY 17,941 MM
4
With ROE of 2.16%, it has a very attractive valuation with a 0.92 Price to Book Value
- The stock is trading at a premium compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of 131.61%, its profits have fallen by -49.5%
- At the current price, the company has a high dividend yield of 0
How much should you sell?
- All quantity irrespective of whether you are making profits or losses
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in FMCG)
When to re-enter? - We will constantly monitor the company and review our call based on new data
Is Mandom Corp. for you?
Medium Risk, High Return
Absolute
Risk Adjusted
Volatility
Mandom Corp.
131.61%
3.97
38.69%
Japan Nikkei 225
36.73%
1.30
28.24%
Quality key factors
Factor
Value
Sales Growth (5y)
-1.41%
EBIT Growth (5y)
-29.65%
EBIT to Interest (avg)
6.57
Debt to EBITDA (avg)
0
Net Debt to Equity (avg)
-0.42
Sales to Capital Employed (avg)
1.08
Tax Ratio
33.97%
Dividend Payout Ratio
96.96%
Pledged Shares
0
Institutional Holding
0.02%
ROCE (avg)
2.16%
ROE (avg)
2.06%
Valuation Key Factors 
Factor
Value
P/E Ratio
43
Industry P/E
Price to Book Value
0.92
EV to EBIT
34.32
EV to EBITDA
6.67
EV to Capital Employed
0.86
EV to Sales
0.46
PEG Ratio
NA
Dividend Yield
0.04%
ROCE (Latest)
2.52%
ROE (Latest)
2.16%
Technical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bearish
Bullish
RSI
Bearish
Bearish
Bollinger Bands
Bullish
Mildly Bullish
Moving Averages
Mildly Bullish (Daily)
KST
Mildly Bearish
Bullish
Dow Theory
No Trend
Mildly Bullish
OBV
No Trend
No Trend
Technical Movement
3What is working for the Company
RAW MATERIAL COST(Y)
Fallen by -10.56% (YoY
NET PROFIT(9M)
Higher at JPY 2,494.87 MM
DEBTORS TURNOVER RATIO(HY)
Highest at 7.06 times
-11What is not working for the Company
OPERATING CASH FLOW(Y)
Lowest at JPY 3,547 MM
INVENTORY TURNOVER RATIO(HY)
Lowest at 2.42 times
NET SALES(Q)
Lowest at JPY 17,941 MM
INTEREST(Q)
Highest at JPY 9 MM
Here's what is working for Mandom Corp.
Debtors Turnover Ratio
Highest at 7.06 times
in the last five Semi-Annual periodsMOJO Watch
Company has been able to sell its Debtors faster
Debtors Turnover Ratio
Net Profit
Higher at JPY 2,494.87 MM
than preceding 12 month period ended Dec 2025MOJO Watch
In the nine month period the company has already crossed sales of the previous twelve months
Net Profit (JPY MM)
Raw Material Cost
Fallen by -10.56% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has improved; this may lead to a rise in profit margin
Raw Material Cost as a percentage of Sales
Here's what is not working for Mandom Corp.
Operating Cash Flow
Lowest at JPY 3,547 MM and Fallen
In each year in the last three yearsMOJO Watch
The company's cash revenues from business operations are falling
Operating Cash Flows (JPY MM)
Interest
At JPY 9 MM has Grown at 12.5%
period on period (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (JPY MM)
Net Sales
Lowest at JPY 17,941 MM
in the last five periodsMOJO Watch
Near term sales trend is negative
Net Sales (JPY MM)
Net Sales
At JPY 17,941 MM has Fallen at -8.29%
over average net sales of the previous four periods of JPY 19,563.25 MMMOJO Watch
Near term sales trend is negative
Net Sales (JPY MM)
Interest
Highest at JPY 9 MM
in the last five periods and Increased by 12.5% (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (JPY MM)
Inventory Turnover Ratio
Lowest at 2.42 times
in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling inventory has slowed
Inventory Turnover Ratio






