Worth reading
60In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
441
¥100 million (core operating profit)Wording
Conditional
How definitive the wording is.Contents of this document
Presentation materials on financial resultsFY2026.6 full year (4Q)8 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales2,292 Hundred millions of yen+19.0%
Results for the three months of the current quarterQuarterly trend charts were disclosed for revenue and core operating profit, as well as Marketplace GMV, MAU, revenue and core operating profit, Fintech revenue and core operating profit, and US GMV, MAU, revenue and core operating profit. Individual figures were not disclosed in the body text.
Full-year earnings forecast
Revenue
2,600-2,900
Core operating profit
450 or more
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Met the forecast issued after the 3Q upward revisionNew initiatives
- Acquisition and retirement of treasury shares
- Advancing the transition to an AI-native company and establishing an AI governance framework
- Conducting proprietary cross-border transactions in the US through the global app
- Launching “m department”
- Providing BaaS functionality in Fintech
- Expanding the range of cryptocurrencies handled through a partnership with Coincheck
- Introducing PSUs (performance share units)
Key KPIsA metric the company considers important as a management benchmark.
- Marketplace GMV growth rate15 % year-on-year
- Marketplace MAU2,400 More than 10,000 people
- Cross-border transaction GMV1,122 Hundred millions of yen
- Receivables balance3,581 Hundred millions of yenYear on year against the same period last year+44.0%
- Number of Mercard cards issued632 10,000 passes
- Crypto-asset trading accounts400 over 10,000 accounts
- AI tool adoption rate among all employees100 %
- Development output per engineer7.6 times vs. FY2024.6
Unit price and quantity metricsThese figures show sales broken down by price and volume.
For Marketplace, the company stated that the number of customers, average transaction value and purchase frequency all grew in a balanced manner. MAU, cumulative customers and active customers were also disclosed.Segment results
Marketplace
GMV growth rate_yoy_pct15
Core operating profit
429 Hundred millions of yen
Core operating profit_yoy_pct41
Fintech
Revenue
651 Hundred millions of yen
Revenue_yoy_pct29
Core operating profit
91 Hundred millions of yen
US
GMV growth rate_yoy_pct11
Core operating profit
20 Hundred millions of yen
Medium-term management plan targets
RevenueDouble-digit CAGR (from FY2024.6)
Core operating profitCAGR of 25% or more (from FY2024.6, achieved in FY2026.6)
Target fiscal yearFY2027.6
Number of employees
The number of employees was not disclosed. The company disclosed a 100% AI tool adoption rate among all employees and its policy of recruiting AI-native talent.Acquisition of treasury shares
Number of shares acquired4 million shares (maximum)
Acquisition price¥10 billion (maximum)
Acquisition period6 August 2026 to 30 October 2026
Scheduled retirement date12 November 2026
| Item | Details |
|---|---|
| Document type | Presentation materials on financial results |
| Fiscal Period Covered | FY2026.6 full year (4Q) |
| Net Sales | 2,292 Hundred millions of yen (YoY +19.0%) |
| Results for the three months of the current quarter | Quarterly trend charts were disclosed for revenue and core operating profit, as well as Marketplace GMV, MAU, revenue and core operating profit, Fintech revenue and core operating profit, and US GMV, MAU, revenue and core operating profit. Individual figures were not disclosed in the body text. |
| Full-year earnings forecast | Revenue 2,600-2,900 / Core operating profit 450 or more |
| Self-assessment against the plan | Met the forecast issued after the 3Q upward revision |
| Segment results | Marketplace GMV growth rate_yoy_pct 15 / Core operating profit 429 Hundred millions of yen / Core operating profit_yoy_pct 41 / Fintech Revenue 651 Hundred millions of yen / Revenue_yoy_pct 29 / Core operating profit 91 Hundred millions of yen / US GMV growth rate_yoy_pct 11 / Core operating profit 20 Hundred millions of yen |
| Key KPIs | Indicator name Marketplace GMV growth rate / Value 15 % (year-on-year), Indicator name Marketplace MAU / Value 2,400 More than 10,000 people, Indicator name Cross-border transaction GMV / Value 1,122 Hundred millions of yen, Indicator name Receivables balance / Value 3,581 Hundred millions of yen / Year on year against the same period last year 44 Hundred millions of yen, Indicator name Number of Mercard cards issued / Value 632 10,000 passes, Indicator name Crypto-asset trading accounts / Value 400 over 10,000 accounts, Indicator name AI tool adoption rate among all employees / Value 100 %, Indicator name Development output per engineer / Value 7.6 times (vs. FY2024.6) |
| Unit price and quantity metrics | For Marketplace, the company stated that the number of customers, average transaction value and purchase frequency all grew in a balanced manner. MAU, cumulative customers and active customers were also disclosed. |
| Number of employees | The number of employees was not disclosed. The company disclosed a 100% AI tool adoption rate among all employees and its policy of recruiting AI-native talent. |
| Medium-term management plan targets | Revenue Double-digit CAGR (from FY2024.6) / Core operating profit CAGR of 25% or more (from FY2024.6, achieved in FY2026.6) / Target fiscal year FY2027.6 |
| Acquisition of treasury shares | Number of shares acquired 4 million shares (maximum) / Acquisition price ¥10 billion (maximum) / Acquisition period 6 August 2026 to 30 October 2026 / Scheduled retirement date 12 November 2026 |
| New initiatives | Acquisition and retirement of treasury shares, Advancing the transition to an AI-native company and establishing an AI governance framework, Conducting proprietary cross-border transactions in the US through the global app, Launching “m department”, Providing BaaS functionality in Fintech, Expanding the range of cryptocurrencies handled through a partnership with Coincheck, Introducing PSUs (performance share units) |
Items this document does not state (18)
Operating profitOrdinary incomeNet incomeGross Profit MarginOperating profit marginSelling, general and administrative expensesProgress against full-year forecastBreakdown of Factors Affecting the ChangeNumber of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookFinancial targetsAnnual DividendPayout ratioCapital expendituresOrders received and order backlogMarket Size / ShareKey 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.Marketplace benefited from growth in MAU, GMV and demand for entertainment and hobby products, as well as marketing initiatives such as the “Super Mercari Market” and the expansion of cross-border transactions. Fintech benefited from customer acquisition and increased usage of Mercard, growth in the receivables balance, and, in the US, product improvements, category initiatives, shipping discount campaigns, and demand for entertainment and hobby products. The share repurchase was based on the strengthened earnings platform, a return to positive retained earnings, and the share price level.
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.