Overview
Chemicals

MANDOM CORPORATION

Mandom Corporation is a Japanese cosmetics manufacturer specializing in personal care products for men and women, marketed under iconic brands such as GATSBY (men's hair styling, skincare, and body care) and LUCIDO (men's grooming for mature consumers), with additional brands targeting women and younger demographics. The company develops and sells a broad range of products including hair styling agents, facial cleansers, deodorant body washes, and cooling/refreshment products, leveraging proprietary technologies such as TRP channel research and InsideLock styling technology. Mandom maintains a strong market position in Japan and across Asia, with manufacturing and sales operations spanning Indonesia, China, Malaysia, Singapore, Thailand, the Philippines, Taiwan, Korea, and Vietnam.

Market Cap
¥139B
US$886M
EV
¥114B
US$726M
Stock¥3,085▲+0.00%
US$1 = ¥157.25 (2026-10-30)
LTM EV/EBITDA
17.0
x
LTM EV/EBIT
41.6
x
LTM PER
64.4
x
LTM PBR
2.0
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+13.5%pt
1001
Nov 4, 25 – May 14, 26StockTOPIX
1Dec 16, 25CVC raises TOB price to 3,105 yen per share
MC → EV Bridge
139BUS$886MMarket Cap0.09BUS$0.57M+ Debt23.5BUS$149M− Cash8.11BUS$51.6M− Inv. Sec.6.42BUS$40.8M+ NCI114BUS$726MEV
AI Briefing
Generating insights…
Performance & Balance
Revenue 5Y (¥B)
57.4US$365M'22/367.0US$426M'23/373.2US$466M'24/376.2US$484M'25/3
EBITDA 5Y (¥B)
3.03US$19.3M'22/36.40US$40.7M'23/36.44US$40.9M'24/35.01US$31.9M'25/3
Net Income 5Y (¥B)
-0.62-US$3.95M'22/30.96US$6.09M'23/32.60US$16.5M'24/31.86US$11.8M'25/3
Capital Structure
100%
EquityD/E 0.00xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
27.4US$174M0.23US$1.44M'22/329.8US$189M0.14US$0.90M'23/333.6US$213M0.10US$0.65M'24/336.0US$229M0.10US$0.60M'25/3'26/3
Shareholders
Top 10 hold 52.5%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
11.57%
2
Jun NOMURA (Standing Proxy: Mita Securities Co., Ltd.)
9.97%
3
Nishimura Scholarship Foundation
7.98%
4
City Index First Co., Ltd.
6.48%
5
Custody Bank of Japan, Ltd. (Trust Account)
5.21%
6
NOMURA INTERNATIONAL PLC A/C JAPAN FLOW (Standing Proxy: Nomura Securities Co., Ltd.)
2.41%
7
M·N Holdings Co., Ltd.
2.37%
8
JP JPMSE LUX RE UBS AG LONDON BRANCH EQ CO (Standing Proxy: MUFG Bank, Ltd.)
2.36%
9
Motonobu NISHIMURA
2.07%
10
BNY GCM CLIENT ACCOUNT JPRD AC ISG (FE-AC; Standing Proxy: MUFG Bank, Ltd.)
2.05%
Management
10 officers
Motonobu NISHIMURA
Representative Director, Chairman
Apr 1977 Joined the Company Apr 1983 General Manager, Eastern Japan Sales Division Jun 1984 Director (current) Jun 1987 Managing Director Jun 1990 Representative Director (current); Vice President Jun 1995 Director, President May 2000 Audit & Supervisory Board Member, PT MANDOM INDONESIA Tbk Jun 2004 President and Executive Officer Apr 2008 General Manager, Internal Control Promotion Division Apr 2021 In charge of Internal Audit Office; Chairman (current)
1951-01-09
Ken NISHIMURA
Representative Director, President and Executive Officer; Chief Executive Officer (CEO), Chief Operating Officer (COO) for Japan Business, and Chief Marketing Officer (CMO)
Apr 2008 Joined the Company Jan 2011 Assistant Manager, MANDOM CORPORATION (SINGAPORE) PTE. LTD. Apr 2013 Human Resources Department Jul 2015 Human Resources Department, stationed in Europe; IESE Business School (Spain) May 2017 Graduated from IESE Business School (MBA) Jul 2017 Executive Officer; General Manager, Corporate Strategy Department Apr 2018 Managing Executive Officer; General Manager, Marketing Division Jun 2019 Director (current) Apr 2021 Representative Director (current); President and Executive Officer (current) May 2021 Audit & Supervisory Board Member, PT MANDOM INDONESIA Tbk Apr 2022 In charge of Internal Audit Office (current) Apr 2023 General Manager, Marketing Division; in charge of Management Reform Office and Head of Office Apr 2024 CEO, COO for Japan Business, and CMO (current)
1982-05-12
Shinichiro KOSHIBA
Director, Senior Managing Executive Officer and Chief Risk Officer (CRO)
Apr 1987 Joined the Company Jul 1993 Managing Director, SUNWA MARKETING CO., LTD. May 1997 Accounting, ZHONGSHAN CITY RIDA FINE CHEMICAL CO., LTD. (now ZHONGSHAN CITY RIDA COSMETICS CO., LTD.) Apr 2002 General Manager, Sales Planning Department Jun 2008 Executive Officer Apr 2013 Managing Executive Officer; General Manager, Marketing Division Jun 2016 Director (current) Apr 2018 Senior Managing Executive Officer (current); General Manager, Overseas Business Division; Chairman of Audit & Supervisory Board, PT MANDOM INDONESIA Tbk (current) Apr 2021 In charge of overseas business Apr 2024 COO, Overseas Business Apr 2025 CRO (current)
1963-12-24
Koichi WATANABE
Director, Managing Executive Officer and Chief Operating Officer (COO), Indonesia Business
Apr 1988 Joined the Company Apr 2007 Director, PT MANDOM INDONESIA Tbk Apr 2011 Managing Director, PT MANDOM INDONESIA Tbk Apr 2014 Executive Officer; in charge of Fukusaki Plant and Production Technology Department; Plant Manager, Fukusaki Plant Apr 2017 Senior Managing Director, PT MANDOM INDONESIA Tbk Apr 2020 Managing Executive Officer (current); General Manager, Production Division Apr 2024 COO, Indonesia Business (current) May 2024 President and Executive Officer, PT MANDOM INDONESIA Tbk (current) Jun 2024 Director (current)
1965-11-16
Yasuaki KAMEDA
Full-time Audit & Supervisory Board Member
Apr 2008 Joined the Company; General Manager, First Product Development Department Apr 2009 Executive Officer Apr 2012 In charge of First Chain Store Sales Division, Second Chain Store Sales Division and Distribution Development Division; General Manager, Second Chain Store Sales Division Apr 2014 In charge of Corporate Planning, Public Relations & IR Office; General Manager, Corporate Planning Department Apr 2015 Managing Executive Officer; General Manager, Corporate Planning; in charge of Corporate Planning Apr 2017 In charge of Corporate Planning & Finance, and HR & Resources Jun 2017 Director Apr 2018 Senior Managing Executive Officer Apr 2021 Executive Vice President; in charge of Domestic Business Jun 2024 Full-time Audit & Supervisory Board Member (current)
1961-11-01
Hitoshi TANII
Director
Apr 1996 Joined Nippon Telegraph and Telephone Corporation Sep 1997 Managing Partner, Digital Network Service Limited Partnership Jan 2000 Representative Director, Infocast Corporation Jun 2005 Representative Director, Synergy Marketing Inc. Sep 2016 Outside Director, Market Enterprise Inc. Feb 2017 Representative Director, Pay Forward Inc. (current) Jan 2019 Outside Director, Space Engine Inc. Jul 2019 Chairman of the Board, Synergy Marketing Inc. (current) Aug 2019 Outside Director, Anycarry Inc. (current) Dec 2019 Outside Director, Ondeck Inc. Jan 2020 Representative Director, Happy PR Inc. (current) Jun 2020 Outside Director, the Company (current)
1972-06-02
Asami ITO
Director
Mar 2000 Representative Director, Nippon Dengi Kogyo Co., Ltd. (current) Apr 2012 President and Representative Director, Nippon Accessory Co., Ltd. (current) Jul 2012 President and Representative Director, Jyurico Co., Ltd. (current) Jun 2020 Outside Director, Kimoto Co., Ltd. Mar 2023 Outside Director, Ryobi Limited (current) Jun 2023 Outside Director, the Company (current)
1967-11-24
Tetsuro HARADA
Director
Apr 1981 Joined Japan Maritime Self-Defense Force Apr 1990 Joined Nippon Life Insurance Company Jun 1996 MBA, Haas School of Business, University of California, Berkeley Jun 2006 Executive Officer, DreamIncubator Inc. Nov 2017 Director, I-PET Insurance Co., Ltd. Jun 2018 Director, DreamIncubator Inc. Jun 2020 Representative Director and CEO, DreamIncubator Inc. Oct 2020 Director (Audit and Supervisory Committee Member), I-PET Holdings Inc. Jun 2021 Director, I-PET Holdings Inc. Jun 2023 Director, DreamIncubator Inc. Jun 2024 Director (Audit and Supervisory Committee Member), DreamIncubator Inc. (current) Jun 2024 Outside Director, the Company (current) Jun 2024 Outside Director, Wacoal Holdings Corp. (current)
1965-09-22
Mikiharu MORI
Audit & Supervisory Board Member
Oct 2004 Joined Nagashima Ohno & Tsunematsu (until Dec 2015) Sep 2011 Joined Shearman & Sterling LLP (until Jul 2012) Jan 2016 Joined Hibiya Nakada Law Office (until Mar 2019) Jul 2017 Partner, Hibiya Nakada Law Office Apr 2019 Established Tokyo International Law Office; Co-Managing Partner and Representative Partner (current) Jun 2021 Outside Audit & Supervisory Board Member, the Company (current)
1976-12-14
Motohiro TANAKA
Audit & Supervisory Board Member
Oct 1988 Joined Asahi Shinwa Certified Public Accountants (now Azsa LLC) Mar 1992 Registered as Certified Public Accountant Mar 1997 Audit & Supervisory Board Member, Hyogensha Co., Ltd. (current) May 2011 Partner, Azsa LLC Jul 2013 Head of Kobe Office, Azsa LLC Jul 2017 Managing Executive Officer; Head of Osaka Second Business Division, Azsa LLC Jul 2021 Senior Executive Officer; Head of Kyoto Office, Azsa LLC Jul 2023 Representative, Motohiro Tanaka Certified Public Accountant Office (current) Jun 2024 Auditor, Matsushita Konosuke Memorial Foundation (current) Jun 2024 Outside Audit & Supervisory Board Member, the Company (current) Apr 2025 Specially Appointed Professor, Graduate School of Accountancy, Kansai University (current)
1961-03-23
Large Shareholding Reports
―
2026-03-04
9.31%→0.00%
Annual report (as of 2025-09-30): 6.48%
Hibiki Path Advisors SPC
2026-03-04
5.17%→0.00%
Hibiki Path Advisors SPC
2026-01-22
5.17%
Hibiki Path Advisors Pte. Ltd.
2026-01-22
5.01%→0.00%
―
2025-12-16
9.33%→9.33%
―
2025-12-04
9.33%→9.33%
―
2025-11-10
9.33%→9.33%
Hibiki Path Advisors Pte. Ltd.
2025-11-06
5.01%
―
2025-11-05
9.33%→9.33%
―
2025-10-15
9.33%→9.33%
―
2025-10-06
9.33%→9.33%
―
2025-10-01
9.33%→9.33%
―
2025-09-30
9.33%→9.33%
―
2025-09-29
9.33%→9.33%
―
2025-09-26
8.39%→9.33%
―
2025-09-25
6.67%→8.39%
―
2025-09-24
6.67%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-03-04
Large Shareholding Report
EDINET
2026-03-04
Large Shareholding Report
TDnet
2026-02-06
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2026-01-22
Large Shareholding Report
EDINET
2026-01-22
Large Shareholding Report
EDINET
2025-12-16
Large Shareholding Report
EDINET
2025-12-04
Large Shareholding Report
EDINET
2025-11-14
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-11-10
Large Shareholding Report
EDINET
2025-11-06
Large Shareholding Report
EDINET
2025-11-05
Large Shareholding Report
EDINET
2025-10-15
Large Shareholding Report
EDINET
2025-10-06
Large Shareholding Report
EDINET
2025-10-01
Large Shareholding Report
EDINET
2025-09-30
Large Shareholding Report
EDINET
2025-09-29
Large Shareholding Report
EDINET
2025-09-26
Large Shareholding Report
EDINET
2025-09-25
Large Shareholding Report
EDINET
2025-09-24
Large Shareholding Report
TDnet
2025-08-07
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-23
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-07
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-12
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-06
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-24
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-09
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-10
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-26
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-10
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
Ask AI
I have this company's financials, ownership, and management on hand. Ask me anything from an M&A perspective.
Ask me!
End of Preview

Try the full product

Free demo (no time limit, up to 10 companies). Explore Comps, DCF, LBO, WACC on every screen. Excel export is on the paid plan.

Free Demo (No Time Limit, 10 Companies) →