Mercari, Inc. ( (MCARY) ) has released its Q2 earnings. Here is a breakdown of the information Mercari, Inc. presented to its investors.
Mercari, Inc. is a Japanese company operating primarily in the e-commerce sector, known for its marketplace platform that facilitates consumer-to-consumer transactions, with a focus on enhancing user experience through innovative product initiatives.
In its latest earnings report for the six months ending December 31, 2024, Mercari, Inc. has shown a steady increase in revenue and profit compared to the previous year, highlighting its strategic efforts to expand its business operations and improve profitability.
Key financial metrics from the report reveal that the company achieved a revenue of ¥94,161 million, marking a 1.9% increase year-on-year. The operating profit surged by 45.9%, reaching ¥11,413 million, while the profit attributable to owners of the parent increased significantly by 62.3% to ¥7,384 million. The company’s Japan region contributed significantly to these results, with a revenue increase of 7.9% year-on-year. However, challenges remain in the U.S. market, where efforts to change the fee model have not yet yielded the desired growth.
The company’s financial position remains robust, with total assets increasing slightly to ¥505,969 million and equity rising to ¥80,681 million. The Fintech segment demonstrated profitability with a core operating profit of ¥1.6 billion, supported by a high collection rate and an expanding customer base.
Looking ahead, Mercari, Inc. is focused on achieving top-line growth and increasing profitability, with projected consolidated revenue for the fiscal year ending June 30, 2025, expected to be between ¥200,000 million and ¥210,000 million, and core operating profit anticipated to rise between 16.6% and 32.5% year-on-year.