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Mercari (4385) · TargetAdvanced

Expansion of Mercari’s User Base and GMV in Japan

First written in FY2018. 31 of 32 entries say "Advanced", first in FY2019-Q1. Latest entry: FY2026.

32entries
9years
3from disclosures
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ProgressHeldSoftenedWorseAdvancedFY2019-Q1 – FY20262018: 22019: 420192020: 420202021: 420212022: 420222023: 420232024: 320242025: 220252026: 52026
Same theme, other companies
Growth of Marketplace and Rental-Space PlatformsA theme 6 companies write about · 1 as a headwind · 5 as a tailwind

3 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

    「For the fiscal year ending June 2026, GMV (gross merchandise value) reached ¥1.2856 trillion, while MAUs expanded to more than 24 million.」

    Across domestic and international Marketplace operations, GMV expanded to ¥1.2856 trillion and MAUs to more than 24 million.
  2. FY2026-H1AdvancedAnnual report

    「GMV increased 8.3% year on year to ¥599.4 billion, progressing strongly.」

    GMV including domestic Marketplace increased 8.3% year on year to ¥599.4 billion, and transaction volume continued to expand.
  3. FY2025AdvancedAnnual report

    「GMV (gross merchandise value) for the fiscal year ended June 2025 was ¥1.1209 trillion, while MAUs had grown to more than 23.00 million.」

    Domestic Marketplace GMV reached ¥1.1209 trillion, while MAUs increased to more than 23.00 million.
  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.」

    Domestic Marketplace GMV increased 5% year on year to ¥553.7 billion, indicating expansion in domestic transaction volume.
  5. FY2024AdvancedAnnual report

    「GMV (gross merchandise value) for the fiscal year ended June 2024 was ¥1.0727 trillion, while MAUs had grown to more than 22.00 million.」

    For the domestic Marketplace user base and transaction volume, MAUs increased to more than 22.00 million and GMV to ¥1.0727 trillion.
  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).」

    Domestic Marketplace GMV was ¥802.6 billion and MAUs were 22.83 million, indicating expansion of the domestic user base and transaction volume.
  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).」

    For domestic Marketplace, GMV was ¥527.0 billion, up ¥51.7 billion year on year, while MAUs increased to 23.54 million.
  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).」

    For domestic Marketplace, progress in the user base and transaction volume was indicated by GMV of ¥246.0 billion, up ¥25.5 billion year on year, and MAUs of 23.00 million.
  9. FY2023AdvancedAnnual report

    「Disciplined investment in initiatives with cumulative benefits proved effective, enabling steady growth and high profitability, with MAUs of 22.60 million, full-year GMV of ¥984.6 billion, up 10% year on year, and an adjusted operating margin of 44%.」

    For domestic Marketplace, progress in the user base and transaction volume was indicated by 22.60 million MAUs and full-year GMV of ¥984.6 billion, up 10% year on year.
  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.」

    For the domestic Marketplace user base, MAUs increased to 22.26 million, while GMV grew 8% year on year.
  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).」

    For domestic Marketplace transaction volume and the user base, progress was indicated by GMV of ¥475.2 billion for the six months ended in the second quarter, up ¥39.3 billion year on year, and MAUs of 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).」

    For domestic Marketplace transaction volume and the user base, first-quarter results showed GMV of ¥220.4 billion and MAUs of 20.75 million.
  13. FY2022AdvancedAnnual report

    「Mercari JP operates Mercari, a flea-market app and marketplace for consumer-to-consumer (CtoC) transactions, an area it has pursued since its founding. It provides a distinctive user experience that enables anyone to buy and sell goods easily and conveniently, and MAUs had grown to more than 20.40 million as of the end of June 2022.」

    Domestic Mercari's user base expanded to more than 20.40 million MAUs as of the end of June 2022, while GMV reached ¥881.6 billion.
  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).」

    Domestic Mercari's GMV and user base expanded, reaching ¥662.9 billion in GMV and 20.69 million MAUs.
  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).」

    Domestic Mercari's GMV and user base expanded, reaching ¥430.2 billion in GMV and 20.45 million MAUs.
  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's user base expanded to 19.84 million MAUs, while GMV increased ¥32.8 billion year on year.
  17. FY2021AdvancedAnnual report

    「Mercari JP operates Mercari, a flea-market app and marketplace for consumer-to-consumer (CtoC) transactions, an area it has pursued since its founding. It provides a distinctive user experience that enables anyone to buy and sell goods easily and conveniently, and MAUs had grown to more than 19.54 million as of the end of June 2021.」

    Domestic Mercari MAUs exceeded 19.54 million as of the end of June 2021, providing concrete evidence of user-base expansion.
  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.」

    Domestic Mercari GMV was ¥576.2 billion, 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.」

    Domestic Mercari GMV was ¥367.6 billion, 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 transaction volume increased ¥43.7 billion year on year, and expansion of the user base and GMV continued.
  21. FY2020AdvancedAnnual report

    「Mercari's registered MAUs were 17.4 million in the fourth quarter of the fiscal year ended June 2020.」

    Domestic Mercari registered MAUs reached 17.4 million, providing concrete evidence of user-base expansion.
  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 Mercari GMV increased ¥84.3 billion year on year, and expansion of the user base and transaction volume continued.
  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 Mercari transaction volume expanded, with GMV increasing ¥53.3 billion 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 Mercari transaction volume expanded, with GMV increasing ¥27.8 billion year on year.
  25. FY2019AdvancedAnnual report

    「Mercari's registered MAUs were 13.5 million in the fourth quarter of the fiscal year ended June 2019.」

    Domestic Mercari registered MAUs reached 13.5 million, while annual domestic GMV increased to ¥490.2 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 continued to expand, increasing by ¥110.3 billion from the previous year. The company also explained that MAUs increased steadily as the user base expanded.
  27. FY2019-Q2AdvancedAnnual report

    「As a result, Mercari's domestic Japan GMV (Note 3) was ¥228.0 billion for the six months ended in the second quarter, up ¥71.0 billion year on year.」

    Domestic transaction volume increased by ¥71.0 billion from the previous year, indicating concrete progress in expanding the user base and GMV.
  28. FY2019-Q1AdvancedAnnual report

    「Mercari's domestic Japan GMV (Note 2) was ¥99.0 billion for the three months ended in the first quarter, up ¥28.8 billion year on year.」

    Domestic Japan GMV was ¥99.0 billion in the quarter, up ¥28.8 billion year on year. The size of the user base itself is not disclosed in this filing.
  29. FY2018First statedAnnual report

    「Demand for buying and selling used goods continues to increase, and we believe that by leveraging our dominant positioning in the flea-market app market, we can further expand the user base and GMV of Mercari in Japan.」

    In the domestic market, the company indicated a policy of leveraging its strong existing positioning to further increase its user base and transaction volume.
Moved together

"Enhancing Corporate Value Through Growth in GMV and Revenue" moved the same way as this thread, in the same document, in 31 of its 32 moves.

313128252323★123456
  1. ★This thread
  2. 1Enhancing Corporate Value Through Growth in GMV and Revenue31×
  3. 2Expansion of Payment and Financial Services through Merpay31×
  4. 3Localization for U.S. Users and Business Expansion28×
  5. 4Expansion into overseas markets, including the US and UK25×
  6. 5Recruiting, Developing and Retaining High-Quality Talent23×
  7. 6Strengthening the Financial Base through the Securitization of Merpay Advance-Payment Receivables23×

★ 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 Earnings presentation of 2026-08-05: "Advanced".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Expansion of Mercari’s User Base and GMV in Japan | Mercari,Inc. (4385) | Komori