Mandarake Inc. logo

Mandarake Inc.

2652.T

JPXConsumer CyclicalSpecialty Retail

Latest quote

¥443

+¥15.00 · +3.50%

Aug 24, 1:26 PM JST

2652.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Mandarake Inc. is a Japanese retailer that manages and operates a chain of stores specializing in vintage books and an array of antique collectibles. Their product selection is vast, ranging from the latest releases to cherished vintage items, encompassing categories such as toys, dolls, video games, various subculture artifacts, art books, and independent fan-made comics (doujinshi). Beyond retail, the company also engages in editing and distributing its own publications. Customers have the option to purchase items either directly from their physical locations or conveniently through their online platform. Founded in 1980, Mandarake Inc. is headquartered in Tokyo, Japan.

Industry
Specialty Retail
Sector
Consumer Cyclical
Headquarters
JP
CEO
Hiroshi Kawashiro
Listed since
Sep 29, 2005
Employees
420

Market position

Volume
274.9K
1.88× average
Average volume
146.19K
Average daily volume
Market cap
14.35B JPY
Beta
0.5
Market reference 1

Financials

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends58%38%19%-1%Gross margin, FY2021: 52.19%Gross margin, FY2022: 52.32%Gross margin, FY2023: 52.99%Gross margin, FY2024: 53.11%Gross margin, FY2025: 53.06%Operating margin, FY2021: 6.24%Operating margin, FY2022: 8.82%Operating margin, FY2023: 14.60%Operating margin, FY2024: 14.38%Operating margin, FY2025: 11.80%Net margin, FY2021: 3.71%Net margin, FY2022: 5.55%Net margin, FY2023: 9.72%Net margin, FY2024: 9.52%Net margin, FY2025: 7.39%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 52.19%. Gross margin FY2022 52.32%. Gross margin FY2023 52.99%. Gross margin FY2024 53.11%. Gross margin FY2025 53.06%. Operating margin FY2021 6.24%. Operating margin FY2022 8.82%. Operating margin FY2023 14.60%. Operating margin FY2024 14.38%. Operating margin FY2025 11.80%. Net margin FY2021 3.71%. Net margin FY2022 5.55%. Net margin FY2023 9.72%. Net margin FY2024 9.52%. Net margin FY2025 7.39%.

Income trends

Revenue

15.18B JPY+5.03%

Operating income

1.79B JPY-13.76%

Net income

1.12B JPY-18.51%
Income trends across reported periods16.67B JPY10.74B JPY4.81B JPY−1.13B JPYRevenue, FY2021: 9.63B JPYRevenue, FY2022: 10.59B JPYRevenue, FY2023: 12.84B JPYRevenue, FY2024: 14.46B JPYRevenue, FY2025: 15.18B JPYOperating income, FY2021: 600.51M JPYOperating income, FY2022: 934.07M JPYOperating income, FY2023: 1.87B JPYOperating income, FY2024: 2.08B JPYOperating income, FY2025: 1.79B JPYNet income, FY2021: 357.39M JPYNet income, FY2022: 587.48M JPYNet income, FY2023: 1.25B JPYNet income, FY2024: 1.38B JPYNet income, FY2025: 1.12B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 9.63B JPY. Revenue FY2022 10.59B JPY. Revenue FY2023 12.84B JPY. Revenue FY2024 14.46B JPY. Revenue FY2025 15.18B JPY. Operating income FY2021 600.51M JPY. Operating income FY2022 934.07M JPY. Operating income FY2023 1.87B JPY. Operating income FY2024 2.08B JPY. Operating income FY2025 1.79B JPY. Net income FY2021 357.39M JPY. Net income FY2022 587.48M JPY. Net income FY2023 1.25B JPY. Net income FY2024 1.38B JPY. Net income FY2025 1.12B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue15.18B JPY14.46B JPY12.84B JPY10.59B JPY9.63B JPY
Cost of goods sold7.13B JPY6.78B JPY6.04B JPY5.05B JPY4.6B JPY
Gross profit8.06B JPY7.68B JPY6.8B JPY5.54B JPY5.02B JPY
Selling, general, and administrative6.07B JPY5.37B JPY4.72B JPY4.42B JPY4.26B JPY
Operating expenses6.26B JPY5.6B JPY4.93B JPY4.61B JPY4.42B JPY
Interest income992K JPY106K JPY6K JPY5K JPY7K JPY
Interest expense45.32M JPY35.08M JPY34.47M JPY36.95M JPY40.29M JPY
Depreciation and amortization239.32M JPY241.94M JPY218.21M JPY238.66M JPY235.77M JPY
Operating income1.79B JPY2.08B JPY1.87B JPY934.07M JPY600.51M JPY
Net income1.12B JPY1.38B JPY1.25B JPY587.48M JPY357.39M JPY

Company facts updated Aug 24, 2026.

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