Mandarake (TSE:2652) Construction In Progress: 円75 Mil (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:2652 Mandarake Inc TSE:2652
76 GF Score
Price 円455.00
GF Value 円407.42
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Mandarake Construction In Progress?

Mandarake TSE:2652 -1.52% 76 Construction In Progress is 円75 Mil as of Mar. 2026. GuruFocus rates TSE:2652 with a GF Score™ of 76/100 and a GF Value™ of 円407.42 (Modestly Overvalued). The stock has 6 warning signs investors should review.

Mandarake's quarterly construction in progress increased from Sep. 2025 (円38 Mil) to Dec. 2025 (円44 Mil) and increased from Dec. 2025 (円44 Mil) to Mar. 2026 (円75 Mil).

Mandarake's annual construction in progress increased from Sep. 2023 (円3 Mil) to Sep. 2024 (円6 Mil) and increased from Sep. 2024 (円6 Mil) to Sep. 2025 (円38 Mil).

Mandarake Construction In Progress Historical Data

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The historical data trend for Mandarake's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Mandarake Construction In Progress Chart

Mandarake Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 2.09 2.97 5.50 38.44

Mandarake Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.50 5.50 38.44 44.33 74.99
TSE:2652
76GF Score
Mandarake Inc TSE:2652
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Mandarake Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of 円75 Mil mean?
Mandarake (TSE:2652) has a Construction In Progress of 円75 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Mandarake and its competitors.
Is Mandarake's Construction In Progress too high?
Mandarake's current Construction In Progress is 円75 Mil. Overall, Mandarake has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mandarake's Construction In Progress compare to AMZN and BABA?
Mandarake's Construction In Progress of 円75 Mil can be compared against companies in the Retail - Cyclical industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for a Retail - Cyclical company?
A good Construction In Progress depends on the Retail - Cyclical industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Mandarake and its competitors. Mandarake's current Construction In Progress is 円75 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mandarake stock overvalued right now?
Based on GuruFocus' analysis, Mandarake (TSE:2652) is currently considered Modestly Overvalued. The stock's GF Value™ is 円407.42, compared to a current price of 円455.00 — trading 11.7% above its estimated fair value. The current Construction In Progress is 円75 Mil. Mandarake's overall GF Score™ is 76/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Mandarake (TSE:2652), the current Construction In Progress is 円75 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Mandarake (TSE:2652) Overvalued in 2026?

Based on GuruFocus' analysis, Mandarake stock appears to be overvalued. The current stock price of 円455.00 is trading 11.7% above its estimated GF Value™ of 円407.42. GuruFocus considers Mandarake to be Modestly Overvalued.

Key valuation signals for TSE:2652:

  • Construction In Progress: 円75 Mil
  • GF Value™: 円407.42 vs. price of 円455.00 (11.7% above fair value)
  • GF Score™: 76/100 with 6 warning signs

No single metric tells the full story. See the TSE:2652 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Mandarake Business Description

Address 52-15 Nakano 5-chome, Nakano-ku, Tokyo, JPN, 164-0001
Mandarake Inc is a Japan-based company engaged in the purchase and sale of Japanese cartoon-related secondhand books, goods, and animation-related products.
76GF Score

Get the complete analysis for TSE:2652

Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円455.00
Price
円407.42
GF Value