Worth reading
72In focus
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
79
コア営業利益の前年同期比（%）Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationFY2025年6月期 第2四半期8 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Results for the three months of the current quarter
連結コア営業利益
¥70 100 million+79.0%
Marketplace
GMV
¥2,960 100 million+5.0%
調整後コア営業利益率
39 %
Fintech
Core operating profit
¥12 100 million
US
GMV
175 USD million-27.0%
Core operating profit
¥-1 100 million
Full-year earnings forecast
Revenue
2,000-2,100
Core operating profit
220-250
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
目標達成に向けて前進Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
下期偏重を想定。その他の数値前提はNot disclosedNew initiatives
- Marketplaceのホーム画面刷新
- 『おまかせクルマ取引』のオプション提供
- CtoB機能『買取リクエスト』の提供
- 大手リユース企業の出店拡大
- 商品回収センターの新規開設
- 不正利用検知AIシステムなどの構築予定
- Fintechでイーサリアム保有によりメルカリポイントを毎月付与するサービス開始
- USで新手数料モデル導入
- OBOGコネクトの新機能とAI/LLMを活用した求人作成機能の提供
Key KPIsA metric the company considers important as a management benchmark.
- Marketplace GMV¥2,960 100 millionYear on year against the same period last year+5%
- Fintech receivables balance¥2,133 100 millionYear on year against the same period last year+38%
- Fintech 11-month collection rate99%超
- US GMV175 USD millionYear on year against the same period last year-27%
Segment results
Marketplace
GMV
¥2,960 100 million+5.0%
調整後コア営業利益率
39 %
Fintech
Receivables balance
¥2,133 100 million+38.0%
Core operating profit
¥12 100 million
US
GMV
175 USD million-27.0%
Core operating profit
¥-1 100 million
Medium-term management plan targets
FY2027年6月期
RevenueDouble-digit CAGR
Core operating profitCAGR of 25% or more
Marketplace
GMV成長率YoY +10%前後
調整後コア営業利益率37-42%
Fintech
Core operating profitAt least ¥10 billion
Market Size / Share
- 米国オンライン・リユース市場：2030年に1,800億ドル予想
- 後払い決済市場：2027年に2.4兆円予想
- スポットワーク潜在市場規模：年間約5兆円
- 世界の越境EC市場：2030年に7兆9,380億ドル予想
- 国内BtoC EC市場：2030年に約23.9兆円予想
- CtoC潜在市場規模：年間約7.6兆円
Annual Dividend
配当の予定はない| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | FY2025年6月期 第2四半期 |
| Results for the three months of the current quarter | 連結コア営業利益 ¥70 100 million (YoY +79.0%) / Marketplace GMV ¥2,960 100 million (YoY +5.0%) / 調整後コア営業利益率 39 % / Fintech Core operating profit ¥12 100 million / US GMV 175 USD million (YoY -27.0%) / Core operating profit ¥-1 100 million |
| Full-year earnings forecast | Revenue 2,000-2,100 / Core operating profit 220-250 |
| Self-assessment against the plan | 目標達成に向けて前進 |
| Segment results | Marketplace GMV ¥2,960 100 million (YoY +5.0%) / 調整後コア営業利益率 39 % / Fintech Receivables balance ¥2,133 100 million (YoY +38.0%) / Core operating profit ¥12 100 million / US GMV 175 USD million (YoY -27.0%) / Core operating profit ¥-1 100 million |
| Key KPIs | Indicator name Marketplace GMV / Value ¥2,960 100 million / Year on year against the same period last year +5%, Indicator name Fintech receivables balance / Value ¥2,133 100 million / Year on year against the same period last year +38%, Indicator name Fintech 11-month collection rate / Value 99%超 / Year on year against the same period last year Not disclosed, Indicator name US GMV / Value 175 USD million / Year on year against the same period last year -27% |
| Assumptions Underlying the Business Outlook | 下期偏重を想定。その他の数値前提はNot disclosed |
| Medium-term management plan targets | FY2027年6月期 Revenue Double-digit CAGR / Core operating profit CAGR of 25% or more / Marketplace GMV成長率 YoY +10%前後 / 調整後コア営業利益率 37-42% / Fintech Core operating profit At least ¥10 billion |
| Annual Dividend | 配当の予定はない |
| Market Size / Share | 米国オンライン・リユース市場：2030年に1,800億ドル予想, 後払い決済市場：2027年に2.4兆円予想, スポットワーク潜在市場規模：年間約5兆円, 世界の越境EC市場：2030年に7兆9,380億ドル予想, 国内BtoC EC市場：2030年に約23.9兆円予想, CtoC潜在市場規模：年間約7.6兆円 |
| New initiatives | Marketplaceのホーム画面刷新, 『おまかせクルマ取引』のオプション提供, CtoB機能『買取リクエスト』の提供, 大手リユース企業の出店拡大, 商品回収センターの新規開設, 不正利用検知AIシステムなどの構築予定, Fintechでイーサリアム保有によりメルカリポイントを毎月付与するサービス開始, USで新手数料モデル導入, OBOGコネクトの新機能とAI/LLMを活用した求人作成機能の提供 |
Items this document does not state (19)
Net SalesOperating profitOrdinary incomeNet incomeGross Profit MarginOperating profit marginSelling, general and administrative expensesProgress against full-year forecastBreakdown of Factors Affecting the ChangeUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk 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.連結では、Marketplaceでホーム画面刷新などのプロダクト施策が効果を発揮し、後半にかけてGMVが伸長した。Fintechでは定額払い債権残高の増加と収益化を意識した経営により増益となった。USでは購入手数料の変更によるGMV成長率の鈍化後、2025年1月の新手数料モデル導入と収益改善により改善した。Marketplaceではメルカリ ハロへの投資強化や不正利用対策費用も追加計上した。
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.