Komori
Earnings presentation4385Mercari,Inc.Information and Communications, Services and Others

FY2024.6 Second-Quarter Financial Results Briefing Materials

For the second quarter of FY2024.6, consolidated revenue reached a record high due to growth in Marketplace and Fintech, and core operating profit also increased year on year. However, the company indicated that it does not expect year-on-year profit growth for the full year because it plans to increase investment in acquiring メルカード customers and in spot work.

Worth reading
71In focus
Scored from 5 of 6 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
481
¥ hundred million
Wording
Conditional
How definitive the wording is.

Contents of this document

Earnings presentation2024年6月期 第2四半期9 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥481 hundred million+9.0%
Operating profit¥39 100 million +33.0%core operating profit
Results for the three months of the current quarter連結売上収益481億円、コア営業利益39億円。Marketplace売上収益282億円、調整後コア営業利益105億円、Fintech売上収益108億円・調整後売上収益74億円、コア営業利益0.2億円・調整後コア営業利益-33億円、US売上収益110億円・75百万ドル、調整後営業利益-14億円・-9百万ドル
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
概ね想定通り
New initiatives
  • スポットワーク事業への参入と2024年初春のサービスローンチ準備
  • スマホデータ消去サービス・スマホ買取サービスの提供開始
  • まとめ買い機能、ゆうパケットポストminiの提供開始
  • メルカリ内でのビットコイン決済機能の開発
  • USでのコミュニティ機能提供と対面取引の実証実験
  • メルカリ寄付 かんたん寄付設定の開始
  • Transition to a company with a three-committee board structure
Key KPIsA metric the company considers important as a management benchmark.
  • Marketplace GMV¥2,809 hundred million+10.0%
  • Marketplace MAUAmount not stated+9.0%
  • Marketplace調整後コア営業利益率37 %-5.0%
  • Fintechユーザ数1,683 10,000 people
  • Fintech債権残高¥1,549 hundred million
  • 債権回収率99.1 %
  • US GMV239 USD million-12.0%
  • US MAU507 10,000 people-2.0%
  • Number of Mercard cards issued250 万枚超
  • Crypto-asset trading accounts100 over 10,000 accounts
Unit price and quantity metricsThese figures show sales broken down by price and volume.
メルカリ内ARPU向上効果、Marketplaceのスマホ取引件数QoQ+29%。ARPUの数値自体はNot disclosed。
Segment results
  • Japan Region
    Revenue357億円
    Core operating profit¥7.2 billion
    Year on year against the same period last year売上収益+15%、営業利益-14%
  • Marketplace
    Revenue282億円
    調整後売上収益Disclosed
    Core operating profit¥7.2 billion
    調整後コア営業利益¥10.5 billion
    Year on year against the same period last year売上収益+7%、コア営業利益-12%、調整後コア営業利益-3%
  • Fintech
    Revenue108億円、調整後売上収益74億円
    Core operating profit0.2億円、調整後コア営業利益-33億円
    Year on year against the same period last year売上収益+46%、調整後売上収益+60%、コア営業利益-90%
  • US
    Revenue110億円（IFRS）、75百万ドル（US GAAP）
    Adjusted operating profit-14億円（IFRS）、-9百万ドル（US GAAP）
    Year on year against the same period last year売上収益-7%（IFRS）、-11%（US GAAP）、調整後営業損失は前年同期比で縮小
  • Other
    Revenue¥1.6 billion
    Core operating profit-¥100 million
    Year on year against the same period last year売上収益+26%
Medium-term management plan targets
Marketplaceの中期目標としてGMV 3年CAGR+15%、調整後営業利益率40%以上。目標年度はNot disclosed。
Market Size / Share
2022年オンラインCtoC市場約2.3兆円、2021年フリマアプリ市場約1.2兆円、2022年メルカリGMV約9,327億円、米国オンライン・リユース市場2022年740億ドル、2030年予想1,800億ドル。メルカリのGMVシェアは伸長と記載。
Number of employees
連結従業員数はQoQで増加。人数の具体値はNot disclosed。エンジニアを中心に採用を継続予定。
Annual Dividend
配当の予定はない。中間・期末の内訳はNot disclosed。
Contents of this document
ItemDetails
Document typeEarnings presentation
Fiscal Period Covered2024年6月期 第2四半期
Net Sales¥481 hundred million (YoY +9.0%)
Operating profit¥39 100 million (core operating profit) (YoY +33.0%)
Results for the three months of the current quarter連結売上収益481億円、コア営業利益39億円。Marketplace売上収益282億円、調整後コア営業利益105億円、Fintech売上収益108億円・調整後売上収益74億円、コア営業利益0.2億円・調整後コア営業利益-33億円、US売上収益110億円・75百万ドル、調整後営業利益-14億円・-9百万ドル
Self-assessment against the plan概ね想定通り
Segment resultsSegment Japan Region / Revenue 357億円 / Core operating profit ¥7.2 billion / Year on year against the same period last year 売上収益+15%、営業利益-14%, Segment Marketplace / Revenue 282億円 / 調整後売上収益 Disclosed / Core operating profit ¥7.2 billion / 調整後コア営業利益 ¥10.5 billion / Year on year against the same period last year 売上収益+7%、コア営業利益-12%、調整後コア営業利益-3%, Segment Fintech / Revenue 108億円、調整後売上収益74億円 / Core operating profit 0.2億円、調整後コア営業利益-33億円 / Year on year against the same period last year 売上収益+46%、調整後売上収益+60%、コア営業利益-90%, Segment US / Revenue 110億円（IFRS）、75百万ドル（US GAAP） / Adjusted operating profit -14億円（IFRS）、-9百万ドル（US GAAP） / Year on year against the same period last year 売上収益-7%（IFRS）、-11%（US GAAP）、調整後営業損失は前年同期比で縮小, Segment Other / Revenue ¥1.6 billion / Core operating profit -¥100 million / Year on year against the same period last year 売上収益+26%
Key KPIs¥2,809 hundred million (YoY +10.0%), 非開示 (YoY +9.0%), 37 % (YoY -5.0%), 1,683 10,000 people, ¥1,549 hundred million, 99.1 %, 239 USD million (YoY -12.0%), 507 10,000 people (YoY -2.0%), 250 万枚超, 100 over 10,000 accounts
Unit price and quantity metricsメルカリ内ARPU向上効果、Marketplaceのスマホ取引件数QoQ+29%。ARPUの数値自体はNot disclosed。
Number of employees連結従業員数はQoQで増加。人数の具体値はNot disclosed。エンジニアを中心に採用を継続予定。
Medium-term management plan targetsMarketplaceの中期目標としてGMV 3年CAGR+15%、調整後営業利益率40%以上。目標年度はNot disclosed。
Annual Dividend配当の予定はない。中間・期末の内訳はNot disclosed。
Market Size / Share2022年オンラインCtoC市場約2.3兆円、2021年フリマアプリ市場約1.2兆円、2022年メルカリGMV約9,327億円、米国オンライン・リユース市場2022年740億ドル、2030年予想1,800億ドル。メルカリのGMVシェアは伸長と記載。
New initiativesスポットワーク事業への参入と2024年初春のサービスローンチ準備, スマホデータ消去サービス・スマホ買取サービスの提供開始, まとめ買い機能、ゆうパケットポストminiの提供開始, メルカリ内でのビットコイン決済機能の開発, USでのコミュニティ機能提供と対面取引の実証実験, メルカリ寄付 かんたん寄付設定の開始, Transition to a company with a three-committee board structure
Items this document does not state (17)
Ordinary incomeNet incomeGross Profit MarginOperating profit marginSelling, general and administrative expensesFull-year earnings forecastProgress against full-year forecastBreakdown of Factors Affecting the ChangeNumber of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookFinancial targetsPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

各事業の着実な成長、Marketplaceのロイヤルティプログラム・越境取引・カテゴリー強化・BtoC施策、Fintechのメルカードや定額払いの成長、グループシナジーの創出が増収・増益要因として説明されている。一方、メルカードのユーザ獲得投資とスポットワーク事業への投資増加を見込むため、通期では前年同期比の増益を想定していない。

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
FY2024.6 Second-Quarter Financial Results Briefing Materials | Mercari,Inc. (4385) timely disclosure | Komori