August 6, 2024

Consolidated Business Results(April 1, 2024 to June 30, 2024: Japanese Standards)
Corporate Name:
Listed Exchange:
Code Number:
URL:
Representative:
Contact:

Mandom Corporation
TSE Prime Market4917
https://www.mandom.co.jp
Ken Nishimura, Representative Director, President and CEO
Masanori Sawada, CFO
TEL (81)-6-6767-5001
Dividend Payout:
Documents Providing Supplemental Information:
Yes
Financial Briefing:
Yes (for institutional investors and analysts)(Figures rounded down to the nearest million yen)

1.

Consolidated Earnings for the First Quarter of the Fiscal Year Ended March 2025
(April 1, 2024 to June 30, 2024)(1) Consolidated Financial Highlights(cumulative)(% = Changes from the same period in the previous fiscal year)

Net Sales

Operating Income¥ millions
1Q, FYE March 2025
1Q, FYE March 2024
Note: Comprehensive Income
1Q, FYE March 2025%

Net Income
Attributable toOwners of Parent

Ordinary Income¥ millions%¥ millions%¥ millions%

19,265

4.4

696



1,016



666



18,455

15.0

1,033



1,230



911



¥2,243million (-5.8%)

1Q, FYE March 2024

Earnings per Share¥2,382million (-4.8%)

Diluted Earnings per Shareyenyen

1Q, FYE March 2025

14.83



1Q, FYE March 2024

20.27

(2) Consolidated Financial Position
Total Assets

Net Assets

Shareholders’ Equity Ratio¥ millions¥ millions%

1Q, FYE March 2025

94,30374,42371.7

FYE March 2024

93,26573,20771.3

Reference: Shareholders’ Equity
1Q, FYE March 2025

2.

¥67,619 million

FYE March 2024

¥66,517 million

Dividends
Annual Dividend
First
Quarter End

SecondQuarter End

ThirdQuarter EndYear EndTotalyenyenyenyenyen

FYE March 2024



20.00



20.00

40.00

FYE March 2025


20.00



20.00

40.00

FYE March 2025(forecast)

Note: Changes to most recently reported dividend forecast: None1

3.

Consolidated Earnings Forecast, Fiscal Year Ending March 2025
(April 1, 2024 to March 31, 2025)(% = change vs. the same period in prior year)
Net Sales

Operating Income

Ordinary Income¥ millions%¥ millions%¥ millions

77,0005.1780



1,580

Full YearNet Income
Attributable toOwners of Parent% ¥ millions910

Earnings per Share%yen

20.24

Note: Changes to most recently reported earnings forecast: None*Notes(1) Changes in consolidation of significant subsidiaries during the cumulative consolidated quarter(changes in consolidation of specific subsidiaries): None
(2) Application of special accounting treatment in the preparation of quarterly financial statements: Yes(3) Changes in accounting estimates, methods, or presentation
a. Changes in accounting methods in connection with changes: Yes
b. Changes in accounting methods other than a.: Nonec. Changes in accounting estimates: Noned. Changes in presentation: None(4) Issued shares (common stock)a. Shares outstanding, end of period (including treasury stock)
1Q, FYE March 2025

48,269,212 shares

FYE March 2024

48,269,212 sharesb. Treasury stock, end of period
1Q, FYE March 2025

3,346,898 shares

FYE March 2024

3,300,668 sharesc. Average outstanding shares during the period (cumulative)
1Q, FYE March 2025

44,963,566 shares

1Q, FYE March 2024

44,965,410 shares* Review of the accompanying quarterly consolidated financial statements by a certified public accountant orauditing firm: Yes (optional)* Appropriate Use of Business Forecasts; Other Special Items
Information in this report concerning future performance is based on information available and certain
assumptions deemed reasonable. Forecasts are not promises of future performance. Actual earnings may
differ significantly from forecasts due to a number of factors.

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1. Overview of Results of Operations, etc.
（1） Results of Operations for the First Three-Month Period

During the first three-month period of the consolidated fiscal year under review, the Japanese economy saw a sign of apickup in personal income due to improvement of the employment situation amid a moderate economic recovery, but thetrend of personal consumption was at a standstill on the back of price increases, etc.
Asia is where the Mandom Group conducts most of its overseas business, and the economy was robust in general.
Under these economic conditions, the Group has been promoting various measures based on the Basic Management
Policies of the Middle-Range Plan, positioning it as a period of “building a foundation for growth” for achieving“VISION2027,” its future goal.
Net sales for the first three-month period of the fiscal year under review were ¥19,265 million (up 4.4% year on year).
This was mainly attributable to robust sales in Japan.
Operating income was ¥696 million (down 32.5% year on year). This result primarily reflects a decrease in sales inIndonesia and an increase in the cost of sales ratio. As a result, ordinary income and net income attributable to owners ofparent were ¥1,016 million (down 17.4% year on year) and ¥666 million (down 26.8% year on year), respectively.
Operating results by business segment are as follows (net sales represent sales to external customers):
Please note that, starting from the first three-month period of the current consolidated fiscal year, we have changed themethod of allocating internal profits in the sales source segment, which were previously allocated to the customer segment,
to leaving them in the sales source segment rather than allocating them to the customer segment, in line with review ofperformance evaluation indicators. This change has been conducted in order to more appropriately evaluate the businessperformance of each reportable segment. In terms of year-on-year comparisons, the figures of the same period of theprevious year have been adjusted in accordance with the changed calculation method for comparison.
Sales in Japan were ¥10,845 million (up 11.6% year on year). This was mainly attributable to robust sales of the “Gatsby”
brand in the men’s business. In terms of profits, operating income was ¥321 million (up 90.2% year on year) mainly due toan increase in gross profit.
Sales in Indonesia were ¥2,742 million (down 16.1% year on year). This was mainly due to a decrease in sales of the“Gatsby” brand. In terms of profits, operating loss stood at ¥319 million (in contrast to operating income of ¥38 million in
the same period of the previous year) owing primarily to an increase in the cost of sales ratio.
Sales for Overseas, Other increased to ¥5,676 million (up 3.8% year on year). This result reflects an increase in theamount of sales converted into yen due to the weaker yen. In terms of profits, operating income fell to ¥749 million (down
15.4% year on year) due to an increase in expenses such as selling and personnel expenses.
（2） Financial Position

Total consolidated assets as of June 30, 2024 amounted to ¥94,303 million, representing a ¥1,038 million increase
compared with the end of the previous consolidated fiscal year, mainly due to an increase in cash and deposits. Total
liabilities were ¥19,880 million, a decrease of ¥177 million from the end of the previous consolidated fiscal year, mainly
due to a decrease in provision for bonuses. Total net assets increased by ¥1,216 million from the end of the previous
consolidated fiscal year to ¥74,423 million due to factors such as an increase in foreign currency translation adjustments,resulting in an equity ratio of 71.7% (compared with 71.3% at the end of the previous consolidated fiscal year).
（3） Cash Flows

Cash and cash equivalents (“cash”) for the first three-month period under review increased by ¥778 million from theend of the previous consolidated fiscal year to ¥22,784 million.
The following discusses the status and factors that affected cash flows during the period under review.
(Cash Flows from Operating Activities)
Net cash provided by operating activities was ¥1,356 million (compared with ¥390 million in the same period of theprevious year). The main factors responsible for the increase included income before income taxes of ¥1,018 million anddepreciation and amortization of ¥975 million, while negative factors included a decrease of ¥728 million in accounts
payable-other.
(Cash Flows from Investing Activities)
Net cash used in investing activities was ¥85 million (compared with ¥758 million in the same period of the previousyear). This was mainly due to decreases of ¥962 million in expenditures for time deposits and ¥418 million used foracquisition of property, plant and equipment and an increase of ¥1,371 million in proceeds from withdrawal of time deposits.
(Cash Flows from Financing Activities)
Net cash used in financing activities was ¥1,065 million (compared with ¥943 million in the same period of the previousyear). This was mainly attributable to a decrease resulting from dividend payments of ¥874 million.
（4） Qualitative Information concerning Forecasts of Consolidated Earnings

There has been no change in the consolidated earnings forecast announced on May 14, 2024.

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