Komori
Mercari (4385) · TargetAdvanced

Enhancing Corporate Value Through Growth in GMV and Revenue

First written in FY2018. 35 of 36 entries say "Advanced", first in FY2019-Q1. Latest entry: FY2026.

36entries
9years
7from disclosures
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How it moved
ProgressHeldSoftenedWorseAdvancedFY2019-Q1 – FY20262018: 22019: 420192020: 420202021: 420212022: 420222023: 420232024: 320242025: 220252026: 92026
Same theme, other companies
Marketplace Growth Driven by GMV and Merchant ExpansionA theme 8 companies write about · 0 as a headwind · 8 as a tailwind

The whole theme swung hardest in 2021: 1 of 6 companies on the "Worse" side.

4 other companies' latest entry also says "Advanced".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2026AdvancedAnnual report

    「GMV¹ for the consolidated fiscal year increased 14.7% year on year to ¥1,285.6 billion, returning to double-digit growth for the first time since the fiscal year ended June 2023.」

    Marketplace GMV increased 14.7% year on year to ¥1.2856 trillion, returning to double-digit growth. Consolidated revenue also increased to ¥229.2 billion.
  2. FY2026-H1AdvancedAnnual report

    「In Marketplace, while giving top priority to strengthening the product's core experience, we are laying the foundation for accelerating GMV (Note 1) growth from the fiscal year ending June 2027 onward by placing particular emphasis on strengthening cross-border transactions, a high-growth business. During the six months ended in the interim period, growth progressed strongly, with GMV increasing 8.3% year on year to ¥599.4 billion, driven by efforts to improve the growth rate through a safe and secure transaction environment and fundamental improvements to the customer experience, as well as the major December campaign Super Mercari City.」

    Marketplace GMV increased 8.3% year on year to ¥599.4 billion, indicating progress in growth initiatives including strengthening cross-border transactions, improving the core experience and Super Mercari City.
  3. FY2025AdvancedAnnual report

    「As a result, revenue was ¥192.633 billion on a consolidated basis, mainly because revenue growth at Marketplace and US slowed, while core operating profit substantially exceeded the upper end of the consolidated earnings forecast of ¥25.000 billion, reaching ¥27.574 billion.」

    Consolidated revenue was ¥192.633 billion and core operating profit was ¥27.574 billion, exceeding the upper end of the full-year plan on the earnings front.
  4. FY2025-H1AdvancedAnnual report

    「As a result of product initiatives including a redesign of the home screen, Marketplace GMV (Note 1) increased 5% year on year to ¥553.7 billion for the six months ended in the interim period, while the adjusted core operating margin (Note 2) was 38%, including investment in Mercari Hallo.」

    Marketplace GMV increased 5% year on year to ¥553.7 billion for the six months ended in the interim period, indicating continued growth in GMV.
  5. FY2024AdvancedAnnual report

    「Growth in focus areas such as cross-border transactions and BtoC, as well as the loyalty program (Note 1), contributed to top-line growth, but growth did not accelerate, and full-year GMV was ¥1.0727 trillion, up 9% from the previous fiscal year.」

    Marketplace GMV was ¥1.0727 trillion, up 9% year on year, exceeding ¥1 trillion for the year. Meanwhile, the company explained that growth had not accelerated.
  6. FY2024-Q3AdvancedAnnual report

    「As a result, Marketplace GMV for the nine months ended in the third quarter was ¥802.6 billion, an increase of ¥72.7 billion year on year, while MAUs reached 22.83 million (Note 3).」

    Marketplace GMV was ¥802.6 billion, up ¥72.7 billion year on year, while MAUs reached 22.83 million, indicating growth in GMV and the user base.
  7. FY2024-Q2AdvancedAnnual report

    「As a result, Marketplace GMV for the six months ended in the second quarter was ¥527.0 billion, an increase of ¥51.7 billion year on year, while MAUs reached 23.54 million (Note 3).」

    Marketplace GMV was ¥527.0 billion, up ¥51.7 billion year on year, while MAUs reached 23.54 million, indicating growth in transaction volume and the user base.
  8. FY2024-Q1AdvancedAnnual report

    「As a result, Marketplace GMV was ¥246.0 billion in the first quarter, up ¥25.5 billion year on year, while MAUs reached 23.00 million (Note 3).」

    Marketplace GMV was ¥246.0 billion in the first quarter, up ¥25.5 billion year on year, while MAUs also reached 23.00 million. Growth in GMV and the user base continued.
  9. FY2023AdvancedAnnual report

    「In Marketplace, we will target GMV growth of at least 10% and an adjusted operating margin of 30-40% through marketing investment, product enhancements and expansion into new areas.」

    Under its policy of making growth in GMV and revenue the foundation for increasing corporate value, the company set specific targets of Marketplace GMV growth of at least 10% and an adjusted operating margin of 30-40%.
  10. FY2023-Q3AdvancedAnnual report

    「In the third quarter, as a result of focusing on acquiring new users and measures to encourage listings after acquisition, MAUs increased by 730,000 from the second quarter to 22.26 million, while GMV growth was 8% year on year. As a result, GMV for the nine months ended in the third quarter was ¥729.9 billion.」

    Marketplace GMV was ¥729.9 billion for the nine months ended in the third quarter, with growth of 8% year on year, while MAUs increased by 730,000 from the second quarter to 22.26 million.
  11. FY2023-Q2AdvancedAnnual report

    「As a result, Marketplace GMV growth was broadly on track at 10% year on year (Note 2), reaching ¥475.2 billion for the six months ended in the second quarter, up ¥39.3 billion year on year, while MAUs reached 21.53 million (Note 3).」

    Marketplace GMV was ¥475.2 billion for the six months ended in the second quarter, up ¥39.3 billion year on year, with growth of 10% year on year. MAUs also reached 21.53 million.
  12. FY2023-Q1AdvancedAnnual report

    「As a result, Marketplace GMV was ¥220.4 billion in the first quarter, up ¥16.2 billion year on year, while MAUs reached 20.75 million (Note 2).」

    Marketplace GMV was ¥220.4 billion in the first quarter, up ¥16.2 billion year on year.
  13. FY2022AdvancedAnnual report

    「Mercari JP GMV was ¥881.6 billion for the fiscal year, an increase of ¥97.0 billion year on year.」

    Against the policy of using growth in GMV and revenue as indicators of increasing corporate value, Mercari JP GMV was ¥881.6 billion for the year, up ¥97.0 billion year on year.
  14. FY2022-Q3AdvancedAnnual report

    「As a result, Mercari JP GMV was ¥662.9 billion for the nine months ended in the third quarter, up ¥86.6 billion year on year, while MAUs reached 20.69 million (Note 1).」

    Mercari JP GMV was ¥662.9 billion, up ¥86.6 billion year on year, while MAUs increased to 20.69 million. The growth rate slowed year on year.
  15. FY2022-Q2AdvancedAnnual report

    「As a result, Mercari JP GMV was ¥430.2 billion for the six months ended in the second quarter, up ¥62.6 billion year on year, while MAUs reached 20.45 million (Note 1).」

    Mercari JP GMV was ¥430.2 billion, up ¥62.6 billion year on year, while MAUs increased to 20.45 million.
  16. FY2022-Q1AdvancedAnnual report

    「As a result, Mercari GMV was ¥203.4 billion for the three months ended in the first quarter, up ¥32.8 billion year on year, while MAUs reached 19.84 million (Note 1).」

    Domestic Mercari GMV was ¥203.4 billion for the three months ended in the first quarter, up ¥32.8 billion year on year, while MAUs reached 19.84 million.
  17. FY2021AdvancedAnnual report

    「Mercari GMV was ¥784.5 billion for the fiscal year, up ¥158.6 billion year on year, while MAUs reached 19.54 million.」

    Annual GMV was ¥784.5 billion, up ¥158.6 billion year on year, reflecting progress in increasing corporate value through growth in GMV and revenue.
  18. FY2021-Q3AdvancedAnnual report

    「As a result, Mercari GMV was ¥576.2 billion for the nine months ended in the third quarter, up ¥130.8 billion year on year.」

    Mercari GMV was ¥576.2 billion for the nine months ended in the third quarter, up ¥130.8 billion year on year.
  19. FY2021-Q2AdvancedAnnual report

    「As a result, Mercari GMV was ¥367.6 billion for the six months ended in the second quarter, up ¥86.2 billion year on year.」

    Mercari GMV was ¥367.6 billion for the six months ended in the second quarter, up ¥86.2 billion year on year.
  20. FY2021-Q1AdvancedAnnual report

    「As a result, Mercari's GMV was ¥170.6 billion for the first quarter cumulative consolidated period, an increase of ¥43.7 billion year on year.」

    Domestic Mercari GMV was ¥170.6 billion, up ¥43.7 billion year on year.
  21. FY2020AdvancedAnnual report

    「As a result, Mercari's domestic GMV in Japan (Note 1) was ¥625.9 billion for the consolidated fiscal year, an increase of ¥135.6 billion year on year.」

    Domestic GMV was ¥625.9 billion for the year, an increase of ¥135.6 billion year on year, marking progress in the strategic focus on enhancing corporate value through growth in GMV and revenue.
  22. FY2020-Q3AdvancedAnnual report

    「As a result, Mercari's domestic GMV in Japan (Note 1) was ¥445.4 billion for the third quarter cumulative consolidated period, an increase of ¥84.3 billion year on year.」

    Domestic GMV was ¥445.4 billion for the third quarter cumulative period, an increase of ¥84.3 billion year on year. The strategic focus on enhancing corporate value through growth in GMV and revenue is advancing.
  23. FY2020-Q2AdvancedAnnual report

    「As a result, Mercari's domestic GMV in Japan (Note 1) was ¥281.3 billion for the second quarter cumulative consolidated period, an increase of ¥53.3 billion year on year.」

    Domestic GMV was ¥281.3 billion for the second quarter cumulative period, an increase of ¥53.3 billion year on year. Revenue was also ¥32.993 billion, up 38.7% year on year.
  24. FY2020-Q1AdvancedAnnual report

    「As a result, Mercari's domestic GMV in Japan (Note 1) was ¥126.8 billion for the first quarter cumulative consolidated period, an increase of ¥27.8 billion year on year.」

    Domestic GMV was ¥126.8 billion for the first quarter cumulative period, an increase of ¥27.8 billion year on year.
  25. FY2019AdvancedAnnual report

    「As a result, Mercari's domestic GMV in Japan (Note 4) was ¥490.2 billion for the consolidated fiscal year, an increase of ¥143.4 billion year on year.」

    Against the policy of using growth in GMV and revenue as indicators of enhanced corporate value, the company reported domestic GMV of ¥490.2 billion, an increase of ¥143.4 billion year on year, and consolidated revenue of ¥51.683 billion.
  26. FY2019-Q3AdvancedAnnual report

    「As a result, Mercari's domestic GMV in Japan (Note 4) was ¥361.0 billion for the third quarter cumulative consolidated period, an increase of ¥110.3 billion year on year.」

    Domestic GMV was ¥361.0 billion, an increase of ¥110.3 billion year on year. Revenue was also ¥37.378 billion, up 43.0% year on year.
  27. FY2019-Q2AdvancedAnnual report

    「As a result, Mercari's domestic GMV in Japan (Note 3) was ¥228.0 billion for the second quarter cumulative consolidated period, an increase of ¥71.0 billion year on year. In addition, cumulative domestic GMV in Japan since the service launch date of 2 July 2013 exceeded ¥1 trillion during the second quarter consolidated accounting period.」

    Domestic GMV was ¥228.0 billion for the cumulative period, an increase of ¥71.0 billion year on year, while cumulative GMV since the service launch exceeded ¥1 trillion.
  28. FY2019-Q1AdvancedAnnual report

    「Mercari's domestic GMV in Japan (Note 2) was ¥99.0 billion for the first quarter cumulative consolidated period, an increase of ¥28.8 billion year on year. In addition, as of 13 July 2018, cumulative domestic listings in Japan since the service launch date of 2 July 2013 had exceeded 1 billion items.」

    The company demonstrated concrete progress toward its growth targets through an increase in domestic GMV and cumulative listings exceeding 1 billion items.
  29. FY2018First statedAnnual report

    「Accordingly, we will seek to enhance corporate value through growth in GMV and revenue.」

    Assuming that growth stages differ by region, the group uses GMV and revenue as its primary growth drivers.
Moved together

"Expansion of Payment and Financial Services through Merpay" moved the same way as this thread, in the same document, in 32 of its 36 moves.

323130272423★123456
  1. ★This thread
  2. 1Expansion of Payment and Financial Services through Merpay32×
  3. 2Expansion of Mercari’s User Base and GMV in Japan31×
  4. 3Localization for U.S. Users and Business Expansion30×
  5. 4Expansion into overseas markets, including the US and UK27×
  6. 5Strengthening the Financial Base through the Securitization of Merpay Advance-Payment Receivables24×
  7. 6Recruiting, Developing and Retaining High-Quality Talent23×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Mercari yet. It last moved in the General Meetings of Shareholders of 2026-08-21: "Advanced".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Enhancing Corporate Value Through Growth in GMV and Revenue | Mercari,Inc. (4385) | Komori