The earnings call highlighted significant achievements in profitability and technological integration, particularly in the Fintech and cross-border transactions segments. However, there are notable challenges with revenue growth and GMV, especially in the Marketplace and U.S. segments, indicating areas for improvement.

Company Guidance

During Mercari's FY 2025 Full Year Financial Results Presentation, key performance metrics were highlighted. The company reported a core operating profit of JPY 27.5 billion, surpassing forecasts, with a revenue of JPY 192.6 billion, which, despite being below expectations, still marked a record high. The marketplace, Fintech, and U.S. segments all achieved profitability for the first time, with cross-border transaction GMV over JPY 90 billion and Mercard issuances exceeding 5 million. Looking forward to FY 2026, Mercari anticipates revenue growth of 4% to 9%, aiming for a core operating profit between JPY 28 billion and JPY 32 billion. The company plans to invest in AI and capitalize on its credit business, targeting a CAGR of over 25% in core operating profit compared to FY 2024. Additionally, the Fintech segment saw a significant core operating profit rise to JPY 4.5 billion, driven by a 32% growth in the credit balance. The U.S. business also achieved profitability with a JPY 900 million operating profit. Mercari continues to focus on being an AI-native company, enhancing user experiences, and strengthening its product offerings across all segments.

Record High Core Operating Profit

Core operating profit reached JPY 27.5 billion, significantly exceeding the forecast, representing a 46% year-on-year growth.

Profitability Across All Segments

All three business segments, Marketplace, Fintech, and U.S., achieved full-year profitability for the first time.

Fintech Segment Growth

Fintech core operating profit significantly exceeded the initial target, ending at JPY 4.5 billion, with a year-on-year credit balance growth of 32%.

AI Integration Success

AI now generates 70% of code related to product development, leading to a 64% year-over-year increase in development output per engineer.

Cross-Border Transaction Growth

Cross-border transaction GMV exceeded JPY 90 billion, marking a 15-fold increase since FY 2022, now accounting for approximately 8% of total Marketplace GMV.

Mercari (JP:4385) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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JP:4385 Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 29, 2025	2026 (Q1)	27.50 / -	17.9	―	―	―
Aug 05, 2025	2025 (Q4)	45.77 / 87.56	28.79	204.13% (+58.77)
May 07, 2025	2025 (Q3)	22.36 / 26.47	25.75	2.80% (+0.72)		―
Feb 07, 2025	2025 (Q2)	17.46 / 27.12	10.67	154.17% (+16.45)
Nov 06, 2024	2025 (Q1)	- / 17.90	17.27	3.65% (+0.63)		―
Aug 13, 2024	2024 (Q4)	- / 28.79	49.673	-42.04% (-20.88)
May 10, 2024	2024 (Q3)	18.37 / 25.75	23.91	7.70% (+1.84)		―
Feb 13, 2024	2024 (Q2)	18.78 / 10.67	4.91	117.31% (+5.76)
Nov 14, 2023	2024 (Q1)	11.31 / 17.27	2.56	574.61% (+14.71)		―
Aug 10, 2023	2023 (Q4)	51.97 / 49.67	0.864	5649.19% (+48.81)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

JP:4385 Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 05, 2025	¥2336.00	¥2315.00	-0.90%
May 07, 2025	¥2265.00	¥2311.50	+2.05%
Feb 07, 2025	¥1907.00	¥2307.00	+20.98%
Nov 06, 2024	¥2171.50	¥1824.00	-16.00%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Mercari Inc (JP:4385) report earnings?

Mercari Inc (JP:4385) is schdueled to report earning on Oct 29, 2025, TBA (Confirmed).

What is Mercari Inc (JP:4385) earnings time?

Mercari Inc (JP:4385) earnings time is at Oct 29, 2025, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is the P/E ratio of Mercari Inc stock?

The P/E ratio of Mercari is N/A.

What is JP:4385 EPS forecast?

JP:4385 EPS forecast for the fiscal quarter 2026 (Q1) is 27.5.

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