Japan · Delayed Price · Currency is JPY Mercari Earnings Call Transcripts
Fiscal Year 2025
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Core operating profit rose 46% to JPY 27.5B, exceeding forecasts, while revenue hit a record JPY 192.6B but grew just 3% year-on-year. All segments achieved profitability, with fintech and cross-border transactions driving future growth.
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Record core operating profit rose 79% year-on-year, with revenue up 2%. Marketplace and U.S. GMV growth lagged but improved later in the quarter, while Fintech saw strong credit balance growth and profitability. U.S. segment improved profitability despite declining GMV.
Fiscal Year 2024
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Record high revenue and core operating profit were achieved, led by strong marketplace and Fintech growth, while U.S. losses narrowed after restructuring. FY 2025 targets double-digit revenue growth, higher profitability, and breakeven in the U.S. business.