Kandal M Venture (FMFC)
Contract manufacturer of affordable-luxury handbags and small leather goods.
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Manufactures affordable-luxury handbags and small leather goods for fashion brands, earning revenue from finished goods sold after customer-led design and approval. The Cayman holding company relies on Cambodian production and Hong Kong procurement, trading, and invoicing, with orders placed customer by customer.
Manufactures affordable-luxury handbags and small leather goods for fashion brands, using customer design packages to assess manufacturability, develop prototypes, and move approved styles into production. Product categories include shoulder bags, crossbody bags, tote bags, backpacks, top-handle handbags, satchels, and wallets.
Runs production from Cambodia, with a Hong Kong subsidiary handling procurement, trading, and customer invoicing. Materials include leather, fabric, hardware, and edge paint, sourced internationally or specified by customers. Quality checks occur when materials arrive and throughout production; logistics providers ship finished goods to customer-designated locations.
Depends on order-by-order customer authorizations rather than long-term agreements, while production remains centered at a single leased Cambodian site. Customer concentration, supplier availability and customer-designated materials, Cambodian labor requirements, trade policy, and the ability to meet inspection, cost, and delivery standards shape execution.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Mar 31, 2026Cash & short-term investments $3.6M · Total debt $87.6K · Total assets $11.2M · Shareholders' equity $8.0M
- Revenue
- $9.2M
- Operating income
- $132.5K
- Net income
- $66.8K
No dividends on record.
| Institutions | 1.75% | 320.5K shares | |
|---|---|---|---|
| 7 holders · as of Jun 30, 2026 | |||
| Strategic holders | 9.28% | 1.70M shares | |
| 1 holder · as of Aug 13, 2026 | |||
| Other | 88.97% | 16.28M shares | |
| remainder | |||
18.30M company shares as of Sep 1, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
JAK FMFC Opportunities I LLCStrategic | 9.28% | 1.70M | filed Aug 13, 2026 |
HRT Financial LPInstitution | 0.65% | 119,211 | as of Jun 30, 2026 |
XTX Topco LtdInstitution | 0.40% | 73,374 | as of Jun 30, 2026 |
Citadel Advisors LLCInstitution | 0.22% | 39,567 | as of Jun 30, 2026 |
UBS Group AGInstitution | 0.21% | 39,220 | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
Not reported.