TAY TWO Co. raised its full-year profit forecast despite slightly lower-than-expected sales, as Japan’s growing trading card market boosted margins at the multi-package retailer.
The Okayama-based company now expects operating profit of ¥911 million (US$6.1 million) for the fiscal year ending February 2025, a 17% increase from its previous outlook, according to a statement Thursday. The retailer maintained lower revenue expectations at ¥36.48 billion (US$244 million).
TAY TWO attributed the profit surge primarily to soaring prices in the secondhand trading card market, which offset weaker overall sales that fell 0.9% below earlier projections. The company operates various retail formats including Furuhon Ichiba and Trecapark stores that sell used merchandise.
The global trading card market has been experiencing significant growth, with research firms projecting expansion at nearly 5% annually through 2033. Japan represents a key market in the Asia-Pacific region, particularly for anime and gaming trading cards.
The retailer also revealed it booked ¥154 million in impairment losses on store fixed assets after assessing their future value, providing clarity on previously undetermined final profit figures. Net income is now forecast at ¥501 million for the fiscal year.
TAY TWO’s results highlight the continued strength in collectible markets, where rising card values have transformed what was once primarily a hobby into a significant retail segment with investment characteristics.
