Mercari ( (MRCIF) ) has released its Q2 earnings. Here is a breakdown of the information Mercari presented to its investors.
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Mercari, Inc. is a Tokyo-based company operating in the e-commerce sector, primarily known for its consumer-to-consumer (C2C) marketplace app in Japan and the United States, as well as its fintech ventures offering payment and credit services.
In its latest earnings report for the six months ending December 31, 2024, Mercari announced a modest revenue growth of 1.9% year-on-year, reaching ¥94,161 million. The company also achieved a significant increase in operating profit and net profit attributable to owners of the parent, rising by 45.9% and 62.3% respectively, demonstrating improved financial performance.
Key highlights from the report include a robust performance in the Japan region with a 7.9% increase in revenue and a 16.1% rise in segment profit. However, the US market faced challenges with a 21% decline in GMV and a 16.1% decrease in revenue due to changes in the fee model. Despite these challenges, the company managed to reduce its segment loss in the US by promoting revenue improvements and altering its fee structure starting January 2025.
The fintech segment showed promising results, contributing ¥1.6 billion in operating profit, supported by a high credit balance and a strong collection rate. Overall, Mercari’s financial position remains strong with total assets slightly increasing to ¥505,969 million by the end of the period.
Looking forward, Mercari aims to continue its growth trajectory with a forecasted revenue increase of up to 12.1% for the full fiscal year ending June 2025, driven by strategic initiatives in both its marketplace and fintech operations.
