Added to YB: 2026-05-26
Pitch date: 2026-03-19
4385.T [bullish]
Mercari, Inc.
+23.38%
current return
Author Info
No bio for this author
Company Info
Mercari, Inc. plans, develops, and operates Mercari marketplace applications in Japan and the United States.
Market Cap
JPY 693.3B
Pitch Price
JPY 3.4K
Price Target
N/A
Dividend
N/A
EV/EBITDA
17.83
P/E
21.00
EV/Sales
3.67
Sector
Broadline Retail
Category
value
Mercari, Inc. - $4385.T
4385.T: Japan's leading C2C marketplace (~70% share) transitioning from 'great asset, messy structure' to 'improving structure.' Domestic GMV +11.1% YoY (vs expectations of maturity), op profit +54.1%, FY6/26 guidance raised to ¥32-36bn. Fintech now profitable vs prior drag, US stabilizing at breakeven. Trading high-teens P/E despite improving margins & earnings quality. Catalysts: sustained GMV growth, margin expansion, fintech acceptance, capital returns. Risks: promotional boost temporary, mgmt over-invests, fintech credit, competition.
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