1. Japan Stocks

  2. •

    Consumer Cyclical

  3. •

    Specialty Retail
Mandarake Inc.

Mandarake Inc.

2652.T
Mandarake Inc.JP flagTokyo Stock Exchange
446.00
JPY
- -
- -
14.45BMarket Cap
Mandarake Inc.
2652.T
(Tokyo Stock Exchange)

Recent

price

446.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
244.72
252.94
261.82
285.71
286.24
277.94
276.91
289.32
297.83
303.68
272.25
290.61
319.67
1,938.12
438.47
465.11
415.64
Revenue per Share
7.56
7.84
10.44
20.36
21.04
18.25
10.93
12.38
12.82
17.03
4.2
10.79
17.74
188.45
41.75
34.36
42.7
Basic EPS, GAAP
7.86
10.5
-4.18
6.25
-30.95
-47.79
3.68
3.61
15.34
-2.47
2.5
7.25
13.88
143.89
30.2
-3.89
- -
Free Cash Flow per Basic Share
0.17
0.17
0.17
0.17
0.17
0.17
0.2
0.2
0.2
0.2
0.2
0.19
0.19
0.97
0.2
1.02
- -
Dividend per Share
61.5
69.18
79.45
99.65
120.52
138.61
149.33
87.38
119.24
130.03
128
138.59
153.1
922.78
220.91
247.27
202.47
Book Value per Share
89.96
98.03
108.17
128.99
149.41
166.63
177.7
190.11
203.16
220.41
224.29
234.88
251.86
1,447.03
328.94
361.73
309.84
Tangible Book Value per Share
33
33
33
33
33
33
33
33
33
33
33
33
33
7
33
33
33
Basic Weighted Avg Shares
8,107
8,379
8,673
9,464
9,482
9,206
9,172
9,583
9,865
10,059
9,018
9,626
10,589
12,840
14,455
15,183
13,767
Sales/Revenue/Turnover
16.08
15.53
17.68
20.48
20.8
20.02
16.12
7.72
7.13
8.86
2.85
6.24
8.82
14.6
14.38
11.8
15.36
Operating Margin (%)
168
188
180
163
114
119
263
251
264
246
243
236
239
218
242
239
- -
Depreciation Expense
251
260
346
674
697
605
362
410
425
564
139
357
587
1,248
1,376
1,122
1,414
Net Income, GAAP
44.42
47.9
51.79
40.88
39.49
40.33
41.33
40.58
35.48
33.45
43.38
36.72
35.05
32.62
33.01
35.84
32.33
Effective Tax Rate (%)
3.09
3.1
3.99
7.13
7.35
6.57
3.95
4.28
4.3
5.61
1.54
3.71
5.55
9.72
9.52
7.39
10.27
Profit Margin (%)
3,909
3,776
1,995
4,992
5,210
4,477
5,590
5,509
5,827
5,247
4,941
5,635
5,732
6,626
7,299
7,550
7,069
Working Capital
4,766
4,256
2,133
4,398
5,161
5,001
5,744
5,243
4,963
3,650
3,180
3,428
2,812
2,495
1,726
1,111
2,156
LT Debt
3,022
3,276
3,617
4,285
4,977
5,576
5,931
6,335
6,753
7,310
7,443
7,793
8,374
9,616
10,865
11,823
10,289
Total Equity
8.69
7.83
8.46
12.22
11.03
8.81
6.48
3.22
3.27
4.18
1.01
2.59
4.05
8.03
8.53
6.89
8.96
Return on Invested Capital (%)
4.28
4.17
5.25
9.03
7.83
5.74
3.28
3.91
4.33
5.36
1.46
3.38
5.34
10.7
11.38
9.09
11.93
Return on Capital (%)
13.09
12
14.05
22.73
19.11
14.09
7.59
10.46
12.41
13.66
3.26
8.09
12.16
22.32
20.55
14.61
23.18
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'23
Dec'24
Mar'24
ST Debt
3,651
3,586
3,628
LT Borrowings
2,495
2,268
2,156
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
33
33
33
Market Capitalization
11,626
14,786
18,509

Working Capital

FRC

•

in mil. unless spec.
Sep'23
Dec'24
Mar'24
Total Current Assets
11,521
11,452
11,812
Cash, Cash Equivalents & STI
1,470
1,140
1,483
Accounts Receivable, Net
360
431
434
Inventories
9,551
9,677
9,723
Total Current Liabilities
4,895
4,602
4,743
Payables & Accruals
- -
- -
- -
ST Debt
3,651
3,586
3,628
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.86%
9.76%
8.82%
Free Cash Flow
17.84%
56.13%
-112.74%
Net Income, GAAP
25.96%
65.08%
-18.51%
Sales/Revenue/Turnover
5.43%
11.12%
5.03%
Total Cash Common Dividend
42.13%
80.26%
400.75%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,546
3,680
- -
- -
14,455
2025
- -
- -
- -
- -
15,183
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
11.49
- -
- -
- -
41.75
2025
- -
- -
- -
- -
34.36
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.2
2025
- -
- -
- -
- -
1.02
2026
- -
- -
- -
- -
- -
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Business
Mandarake Inc. (2652.T) is a Japan-based specialty retailer that buys and sells second-hand collectibles and goods related to Japanese popular culture, anime, manga, and otaku interests; its core products and services include manga and animation-related books, doujinshi (self-published works), toys, dolls, figurines, trading cards, video games, cosplay items, animation cels, DVDs, CDs, art books, subculture items, and own-published catalogs such as Mandarake Manga List and Mandarake Zenbu. Founded in 1980 as a used manga bookstore by Masuzo Furukawa and formally incorporated in 1987, the company is headquartered in Nakano-ku, Tokyo, and operates a network of over 10 physical stores across Japan—including flagship locations in Nakano Broadway (with 27 category-specific annexes), Akihabara Complex, Shibuya, Ikebukuro, Nagoya, Osaka (Umeda and Grandchaos), Fukuoka, and Sapporo—alongside a major fulfillment center in Chiba (Mandarake Sahra) and online platforms supporting sales and auctions in Japanese and English with shipments to 83 countries. Mandarake serves domestic and international collectors and enthusiasts, with toys comprising 48% of non-consolidated sales, books 14%, doujinshi 13%, and exports accounting for 17%; the company listed on the Tokyo Stock Exchange Mothers market in 2000, transitioning to the Second Section in 2015, and continues steady revenue growth through fiscal 2024 with record operating profits reported in recent interim filings.