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Mercari (4385) · TargetAdvanced

Securing Profitability in Overseas Operations

First written in FY2018. 8 of 21 entries say "Advanced", first in FY2021-Q3. Latest entry: FY2026.

21entries
9years
4from disclosures
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2018 – FY2019AdvancedFY2021-Q3 – FY2021AdvancedFY2023-Q3 – 2026-05-112018: 12019: 120192020: 020202021: 220212022: 220222023: 420232024: 320242025: 220252026: 62026
Same theme, other companies
Turning Overseas Sites into Profitable Businesses and Achieving ProfitabilityA theme 15 companies write about · 0 as a headwind · 15 as a tailwind

The whole theme swung hardest in 2022: 4 of 8 companies on the "Worse" side.

5 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.
Showing 14 of the 15 companies compared. The sentences above are computed from all 15.
Full recordFilings, disclosures and news, newest first
  1. FY2026AdvancedAnnual report

    「Core operating profit was ¥2,062 million, as we maintained investment discipline while investing in marketing. In addition, the effects of steady product improvements translated into results sooner than expected, resulting in segment profit of ¥1,664 million, up 125.8% year on year, and positive GMV growth while maintaining break-even.」

    The US business reported segment profit of ¥1,664 million, up from ¥873 million in the same period of the previous year. It achieved positive GMV growth while maintaining break-even.
  2. FY2026-H1AdvancedAnnual report

    「Segment profit was ¥873 million, compared with a segment loss of ¥1,368 million in the same period of the previous year.」

    Regarding profitability of the overseas business, the US business moved from a segment loss of ¥1,368 million in the same period of the previous year to segment profit of ¥873 million.
  3. FY2025AchievedAnnual report

    「In addition, by improving the efficiency of marketing expenses and reviewing fixed costs, we achieved break-even for the fiscal year ending June 2025.」

    Regarding securing profitability for the US business, break-even was achieved for the full fiscal year ending June 2025.
  4. FY2025-H1AdvancedAnnual report

    「Meanwhile, further earnings improvements aimed at achieving break-even resulted in a monthly profit in December, and the segment loss improved to ¥1,368 million, compared with a segment loss of ¥2,137 million in the same period of the previous year.」

    Regarding securing profitability for the overseas business, the monthly profit in December and the reduction of the segment loss to ¥1,368 million were reported. However, break-even was not achieved for the current consolidated fiscal year.
  5. FY2024RaisedAnnual report

    「③ US: Commit to break-even while aiming to return to a growth trajectory」

    Regarding securing profitability for the overseas business, the previous policy of improvement took concrete shape as the more clearly defined goal of committing to break-even in the fiscal year ending June 2025.
  6. FY2024-Q3MitigatedAnnual report

    「Continued disciplined investment and cost control resulted in the segment loss improving to ¥2,906 million, compared with a loss of ¥7,767 million in the same period of the previous year, continuing the improving trend.」

    Although the US business remains in the red, disciplined investment and cost control narrowed the segment loss to ¥2,906 million from ¥7,767 million in the same period of the previous year.
  7. FY2024-Q2MitigatedAnnual report

    「Meanwhile, continued cost reviews as part of a leaner operating structure significantly improved the segment loss, which was ¥2,137 million, compared with a loss of ¥6,389 million in the same period of the previous year.」

    The US segment loss narrowed to ¥2,137 million from ¥6,389 million in the same period of the previous year, indicating progress in improving profitability through cost reviews.
  8. FY2024-Q1MitigatedAnnual report

    「Meanwhile, continued cost reviews as part of a leaner operating structure significantly improved the segment loss, which was ¥699 million, compared with a loss of ¥3,110 million in the same period of the previous year.」

    Although the US business remains in the red, continued cost reviews narrowed the segment loss to ¥699 million from ¥3,110 million in the same period of the previous year, indicating progress toward securing profitability.
  9. FY2023MitigatedAnnual report

    「Meanwhile, after reviewing costs to create a leaner operating structure, the segment loss improved significantly to ¥8,804 million, compared with a loss of ¥12,135 million in the same period of the previous year.」

    Although the US business remains in the red, the segment loss narrowed to ¥8,804 million from ¥12,135 million in the previous year following the cost review, showing progress toward improved profitability.
  10. FY2023-Q3AdvancedAnnual report

    「Meanwhile, after reviewing costs to create a leaner operating structure, the segment loss was ¥7,628 million, compared with a loss of ¥9,748 million in the same period of the previous year.」

    The US business continues to report a loss, but the segment loss narrowed to ¥7,628 million from ¥9,748 million in the same period of the previous year, indicating improved profitability following the cost review.
  11. FY2023-Q2WorsenedAnnual report

    「In the US, revenue for the six-month period of the second quarter was ¥23,022 million, up 13.9% year on year, while the segment loss was ¥6,324 million, compared with a loss of ¥4,567 million in the same period of the previous year.」

    The US segment loss widened to ¥6,324 million from ¥4,567 million in the same period of the previous year. Challenges in securing profitability for the overseas business worsened.
  12. FY2023-Q1WorsenedAnnual report

    「Segment profit or loss: Japan Region 7,854; US △2,971」

    The US segment reported a loss of ¥2,971 million in the first quarter, widening from a loss of ¥1,868 million in the same quarter of the previous year. Challenges in securing profitability for the overseas business persist.
  13. FY2022WorsenedAnnual report

    「Segment profit or loss: Japan Region 16,624; US △12,135」

    Regarding profitability of the overseas business, the US segment reported a loss of ¥12,135 million for the fiscal year ending June 2022, quantifying the risk of prolonged and widening losses.
  14. FY2021AdvancedAnnual report

    「This fiscal year, the introduction of payment processing fees in addition to selling fees improved our earnings base, and we achieved our first quarterly operating profit in the fourth quarter.」

    Regarding profitability of the US business, the introduction of payment processing fees improved the earnings base and led to the first quarterly operating profit.
  15. FY2021-Q3AdvancedAnnual report

    「Payment processing fees introduced in the previous quarter proved effective this quarter, improving unit economics.」

    Regarding profitability of the US business, payment processing fees introduced in the previous quarter proved effective, indicating an improvement in unit economics.
  16. FY2019RestatedAnnual report

    「Although we continued to report an operating loss on a consolidated basis for the fiscal year ended June 2019, we will continue working to expand new businesses and secure profitability.」

    While the consolidated business remains in the red, the policy of expanding new businesses and securing profitability has been reaffirmed.
  17. FY2018First statedAnnual report

    「Based on the performance of the Japan business, which demonstrated the profitability of our Group's business model, we will also work to secure profitability in the US market.」

    The US business is still in the investment phase and has not generated operating profit, but it aims to secure profitability based on experience from the Japan business.
Moved together

"Prolonged and widening losses in U.S. and U.K. operations" moved the same way as this thread, in the same document, in 16 of its 21 moves.

161414141312★123456
  1. ★This thread
  2. 1Prolonged and widening losses in U.S. and U.K. operations16×
  3. 2Enhancing Corporate Value Through Growth in GMV and Revenue14×
  4. 3Expansion of Payment and Financial Services through Merpay14×
  5. 4Strengthening the Financial Base through the Securitization of Merpay Advance-Payment Receivables14×
  6. 5Expansion of Mercari’s User Base and GMV in Japan13×
  7. 6Localization for U.S. Users and Business Expansion12×

★ 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 Financial Results Presentation of 2026-08-05: "Cited as achieved".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Securing Profitability in Overseas Operations | Mercari,Inc. (4385) | Komori