Multimodal embedding is a crucial research topic for cross-modal understanding, data mining, and translation. Many studies have attempted to extract representations from given entities and align them in a shared embedding space. However, because entities in different modalities exhibit different abstraction levels and modality-specific information, it is insufficient to embed related entities close to each other. In this study, we propose the Target-Oriented Deformation Network (TOD-Net), a novel module that continuously deforms the embedding space into a new space under a given condition, thereby providing conditional similarities between entities. Unlike methods based on cross-modal attention applied to words and cropped images, TOD-Net is a post-process applied to the embedding space learned by existing embedding systems and improves their performances of retrieval. In particular, when combined with cutting-edge models, TOD-Net gains the state-of-the-art image-caption retrieval model associated with the MS COCO and Flickr30k datasets. Qualitative analysis reveals that TOD-Net successfully emphasizes entity-specific concepts and retrieves diverse targets via handling higher levels of diversity than existing models.