Mercari demonstrated strong financial performance with record high revenue and profit, significant growth in Fintech, and successful new service launches. However, some challenges remain, especially in the U.S. market and in achieving desired Marketplace growth.

Company Guidance

During the FY '24 earnings call for Mercari, several key metrics were highlighted. The company achieved a record high consolidated revenue of JPY 187.4 billion, marking a 9% year-on-year growth, and a core operating profit (OP) increase of 30% year-on-year, reaching JPY 18.8 billion. The Marketplace business achieved an adjusted core operating margin at the upper limit of its target at 40%, while the Fintech segment saw a revenue growth of 40% year-on-year, significantly expanding its credit business. In the U.S., although the core operating loss decreased, the business did not return to growth as expected. Mercari's new services showed promise, with Mercard issuing over 3.4 million cards and Mercari Hallo accumulating 5 million users within three months. Cross-border transaction GMV grew 3.5x year-on-year, and B2C GMV increased 2.7x. For FY '25, Mercari projects revenue between JPY 200 billion to JPY 210 billion and core OP between JPY 22 billion to JPY 25 billion, aiming for a GMV growth of around 10% and an adjusted core OP margin of 37% to 42%.

Record High Consolidated Revenue and Core Operating Profit

Mercari marked record high consolidated revenue of JPY 187.4 billion and core operating profit of JPY 18.8 billion, showing a 9% and 30% year-on-year increase respectively.

Significant Growth in Fintech Business

The Fintech business achieved a 40% year-on-year revenue growth, reaching JPY 43.7 billion. The credit business, a key profit center, grew by 60% year-on-year.

Successful Launch of New Services

Mercard, launched at the end of 2022, issued more than 3.4 million cards. Mercari Hallo, launched in March, gained 5 million registered users in nearly 3 months.

Growth in Cross-Border Transactions and B2C

GMV from cross-border transactions grew 3.5x year-on-year, and B2C GMV grew 2.7x, indicating strong growth in these segments.

Improvement in U.S. Business Operating Loss

The core operating loss of the U.S. business significantly decreased due to reexamining fixed costs, including marketing and payroll expenses.

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Mercari (JP:4385) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

JP:4385 Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 09, 2018	2018 (Q4)	- / -37.73	―	―	―	―
Nov 08, 2018	2019 (Q1)	- / -28.76	―	―	―	―
Feb 07, 2019	2019 (Q2)	- / -15.16	―	―	―	―
May 09, 2019	2019 (Q3)	- / -27.37	―	―	―	―
Aug 08, 2019	2019 (Q4)	- / -60.00	-37.733	-59.02% (-22.27)	―	―
Nov 07, 2019	2020 (Q1)	- / -67.43	-28.764	-134.41% (-38.66)	―	―
Feb 06, 2020	2020 (Q2)	- / -64.80	-15.155	-327.55% (-49.64)	―	―
Apr 30, 2020	2020 (Q3)	- / -74.38	-27.372	-171.75% (-47.01)	―	―
Aug 06, 2020	2020 (Q4)	- / -3.59	-44.56	91.94% (+40.97)	―	―
Oct 30, 2020	2021 (Q1)	- / 27.37	-46.79	158.50% (+74.16)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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JP:4385 Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 06, 2024	¥2171.50	¥1824.00	-16.00%
Aug 13, 2024	¥2100.00	¥2175.00	+3.57%
May 10, 2024	¥1758.00	¥1918.00	+9.10%
Feb 13, 2024	¥2435.00	¥2435.50	+0.02%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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FAQ

When does Mercari Inc (JP:4385) report earnings?

Mercari Inc (JP:4385) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.

What is Mercari Inc (JP:4385) earnings time?

Mercari Inc (JP:4385) earnings time is at Feb 06, 2025, TBA Not Confirmed.

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is the P/E ratio of Mercari Inc stock?

The P/E ratio of Mercari is N/A.

What is JP:4385 EPS forecast?

JP:4385 EPS forecast for the fiscal quarter 2025 (Q2) is 17.46.

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