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M

Mandarake 2652.T · JPY

Consumer Discretionary · Tokyo Stock Exchange · 🇯🇵 Japan

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370

+3.64%

Close of 9 Nov 2026, in JPY

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in JPY, from our data supplier.

FY2025

Revenue

¥15.18bn

FY2016FY2025

Net income

¥1.12bn

FY2016FY2025

Free cash flow

−¥123.6m

FY2016FY2025

Shareholders' equity

¥11.82bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue¥15.18bn¥14.46bn¥12.84bn¥10.59bn¥9.63bn¥9.02bn¥10.06bn¥9.87bn¥9.58bn¥9.17bn
Gross profit¥8.06bn¥7.68bn¥6.80bn¥5.54bn¥5.02bn¥4.54bn¥5.19bn¥5.10bn¥4.79bn¥4.55bn
Operating income¥1.79bn¥2.08bn¥1.87bn¥934.1m¥600.5m¥257.3m¥890.9m¥703.7m¥740.1m¥688.7m
Net income¥1.12bn¥1.38bn¥1.25bn¥587.5m¥357.4m¥139.2m¥564.0m¥424.6m¥410.2m¥361.9m
Diluted earnings per share34.6241.8737.6917.7410.794.2017.0312.8212.3810.93

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assets¥18.92bn¥18.10bn¥17.92bn¥16.67bn¥16.12bn¥15.85bn¥15.64bn¥15.15bn¥14.74bn¥14.42bn
Cash and short-term investments¥766.2m¥1.25bn¥1.47bn¥845.5m¥736.3m¥766.6m¥659.1m¥732.7m¥553.2m¥665.0m
Total liabilities¥7.09bn¥7.23bn¥8.31bn¥8.30bn¥8.33bn¥8.41bn¥8.33bn¥8.39bn¥8.40bn¥8.49bn
Debt¥4.91bn¥5.06bn¥6.15bn¥6.45bn¥6.78bn¥7.05bn¥6.97bn¥6.95bn¥7.28bn¥7.50bn
Shareholders' equity¥11.82bn¥10.86bn¥9.62bn¥8.37bn¥7.79bn¥7.44bn¥7.31bn¥6.75bn¥6.33bn¥5.93bn
Shares outstanding32m33m33m33m33m33m33m33m33m33m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operations¥215.2m¥1.09bn¥1.19bn¥562.1m¥392.9m¥232.7m−¥39.1m¥567.1m¥400.2m¥370.3m
Capital spending−¥338.8m−¥89.6m−¥237.9m−¥75.9m−¥147.7m−¥140.2m−¥42.0m−¥56.6m−¥272.3m−¥245.0m
Free cash flow−¥123.6m¥995.9m¥953.2m¥486.2m¥245.2m¥92.6m−¥81.2m¥510.5m¥127.8m¥125.3m
Dividends paid−¥33.3m−¥6.7m−¥6.4m−¥6.4m−¥6.4m−¥6.6m−¥6.6m−¥6.6m−¥6.7m−¥6.6m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue¥4.38bn¥4.19bn¥4.13bn¥3.88bn¥3.66bn¥3.88bn¥3.76bn¥3.61bn
Gross profit¥2.37bn¥2.35bn¥2.22bn¥1.99bn¥1.95bn¥2.12bn¥1.99bn¥1.95bn
Operating income¥573.3m¥760.3m¥556.7m¥457.9m¥399.4m¥614.5m¥320.3m¥358.8m
Net income¥376.8m¥513.3m¥352.4m¥309.1m¥258.6m¥408.5m¥145.5m¥225.9m
Diluted earnings per share11.7115.9610.889.547.9812.614.426.87
Total assets¥20.19bn¥20.07bn¥19.47bn¥18.92bn¥18.64bn¥18.69bn¥18.15bn¥18.10bn
Cash and short-term investments¥602.0m¥1.26bn¥1.09bn¥766.2m¥894.3m¥1.34bn¥929.1m¥1.25bn
Debt¥3.50bn¥5.14bn¥3.98bn¥4.91bn¥3.81bn¥4.94bn¥3.29bn¥3.34bn
Shareholders' equity¥12.88bn¥12.66bn¥12.14bn¥11.82bn¥11.51bn¥11.39bn¥10.98bn¥10.86bn

Financial ratios

Data as of 1 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin53.1%53.1%53.0%52.3%52.2%50.3%
Operating margin11.8%14.4%14.6%8.8%6.2%2.9%
Net margin7.4%9.5%9.7%5.5%3.7%1.5%
Return on equity9.5%12.7%13.0%7.0%4.6%1.9%
Return on assets5.9%7.6%7.0%3.5%2.2%0.9%
Free cash flow yield4.1%8.6%10.4%4.6%3.9%2.7%
Revenue growth5.0%12.6%21.3%10.0%6.7%-10.3%
Earnings growth-18.5%10.2%112.5%64.4%156.8%-75.3%
Current ratio2.54x2.61x2.35x2.24x2.39x2.12x
Debt to equity0.42x0.47x0.64x0.77x0.87x0.95x
Equity ratio62.5%60.0%53.7%50.2%48.3%46.9%
Interest coverage39.55x59.24x54.37x25.28x14.90x5.55x
Buybacks as a share of market value1.5%0.8%0.0%0.0%0.0%0.0%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue12.8%11.0%5.2%
Operating income24.3%47.4%5.6%
Net income24.1%51.8%6.4%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin53.1%52.9%52.5%51.9%
Operating margin13.1%12.6%10.5%9.7%
Net margin8.4%8.2%6.7%6.0%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings9.89.311.811.210.523.87.09.611.19.9
Price to sales0.70.91.10.60.40.40.40.40.50.4

Dividends and splits

Per share, in the currency the company pays

Paid for 23 years. Last went ex-dividend on 29 Sept 2025.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year1.001.000.200.200.200.200.200.20
  • 5-for-1 split · 26 Apr 2024
  • 6-for-1 split · 27 Mar 2015
  • 300-for-1 split · 26 Mar 2009

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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