Mandom Corp raises full-year profit forecast on cost controls

Mandom Corporation (TSE: 4917) has revised its consolidated earnings forecast for the fiscal year ending March 31, 2025, upwards, according to an announcement released April 24, 2025. While revenue is projected to be slightly lower than the initial forecast at JPY76.18 billion compared to the previous estimate of JPY77 billion, the company now expects significantly improved profitability. Operating income is now projected at JPY1.02 billion, a 30.8% increase from the initial JPY780 million. Ordinary income sees a 38% increase, reaching JPY2.18 billion from the initial JPY1.58 billion forecast. Net income attributable to owners of the parent company is expected to more than double, increasing by 104.4% from JPY910 million to JPY1.86 billion, translating to earnings per share of JPY41.28. The company attributes this positive revision to better-than-expected cost of sales management in Japan, driven by activities such as product price revisions. Further, the company was able to reduce expenses beyond initial planning, and benefited from increased interest income. The dividend forecast remains unchanged.