Japanese collectibles retailer Mandarake reported a 10.2% jump in annual profit, driven by robust demand from domestic and overseas customers for its rare items and memorabilia.
Net income rose to ¥1.38 billion ($9.2 million) for the fiscal year ended September, while revenue climbed 12.5% to ¥14.5 billion. The Tokyo-based company benefited from increased foot traffic at its stores and growing online sales through its SAHRA e-commerce platform.
The retailer, known for selling anime merchandise and vintage collectibles, opened a new store in Kyoto last October, expanding its physical presence. Operating profit margin remained strong at 14.3%, though slightly below last year’s 14.6%.
Mandarake faces intensifying competition as new players enter the second-hand goods market. The company is investing in inventory, which increased by ¥559 million during the year, to maintain its edge in rare and specialized items.
Looking ahead, Mandarake forecasts a modest 3.8% revenue growth to ¥15 billion for fiscal 2025, citing concerns about China’s economic outlook and unstable currency markets. The company plans to strengthen its web auctions and expand warehouse facilities to support online sales growth.
