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M

Mercari 4385.T · JPY

Consumer Discretionary · Tokyo Stock Exchange · 🇯🇵 Japan

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3,805

+6.20%

Close of 9 Nov 2026, in JPY

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in JPY, from our data supplier.

FY2026

Revenue

¥229.29bn

FY2017FY2026

Net income

¥35.40bn

FY2017FY2026

Free cash flow

−¥10.93bn

FY2017FY2026

Shareholders' equity

¥137.07bn

FY2017FY2026

Income statement

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue¥229.29bn¥192.63bn¥187.41bn¥171.97bn¥147.05bn¥106.11bn¥76.28bn¥51.68bn¥35.77bn¥22.07bn
Gross profit¥168.91bn¥138.26bn¥129.73bn¥113.96bn¥95.14bn¥81.80bn¥55.61bn¥38.82bn¥28.96bn¥19.35bn
Research and development—¥344.0m¥478.0m¥369.0m¥398.0m¥418.0m¥323.0m¥241.0m¥85.0m—
Operating income¥44.18bn¥27.57bn¥18.87bn¥16.71bn−¥3.91bn¥5.21bn−¥20.39bn−¥12.55bn−¥4.85bn−¥3.00bn
Net income¥35.40bn¥26.11bn¥13.46bn¥13.11bn−¥7.57bn¥5.72bn−¥22.77bn−¥13.76bn−¥7.04bn−¥4.21bn
Diluted earnings per share208.89154.4179.6976.98-46.3535.80-145.02-89.71-48.73-24.82

Balance sheet

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Total assets¥726.62bn¥543.76bn¥501.77bn¥418.35bn¥339.86bn¥262.53bn¥199.65bn¥163.69bn¥117.75bn¥54.49bn
Cash and short-term investments¥184.07bn¥147.03bn¥192.00bn¥201.82bn¥211.41bn¥171.46bn¥141.01bn¥130.77bn¥109.16bn¥50.86bn
Total liabilities¥589.15bn¥444.12bn¥429.62bn¥362.69bn¥301.87bn¥222.52bn¥164.27bn¥112.75bn¥63.33bn¥50.07bn
Debt¥274.32bn¥199.38bn¥193.31bn¥160.55bn¥132.17bn¥71.30bn¥52.45bn¥52.71bn¥29.02bn¥22.39bn
Shareholders' equity¥137.07bn¥99.27bn¥71.84bn¥55.35bn¥37.68bn¥39.63bn¥34.79bn¥50.94bn¥54.42bn¥4.42bn
Shares outstanding169m169m169m170m163m160m157m153m144m169m

Cash flow

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash from operations−¥9.51bn−¥11.95bn−¥43.34bn−¥35.82bn−¥26.22bn¥3.37bn¥12.53bn−¥7.29bn−¥3.44bn¥6.35bn
Capital spending−¥1.41bn−¥300.0m−¥155.0m−¥580.0m−¥669.0m−¥420.0m−¥773.0m−¥1.70bn−¥692.0m−¥269.0m
Free cash flow−¥10.93bn−¥12.25bn−¥43.49bn−¥36.40bn−¥26.89bn¥2.95bn¥11.76bn−¥8.99bn−¥4.13bn¥6.08bn

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue¥62.00bn¥61.04bn¥56.81bn¥49.44bn¥48.57bn¥49.91bn¥49.24bn¥44.92bn
Gross profit¥45.45bn¥45.63bn¥41.89bn¥35.94bn¥34.99bn¥36.65bn¥35.30bn¥31.32bn
Operating income¥9.31bn¥14.64bn¥10.91bn¥9.33bn¥7.59bn¥8.80bn¥7.09bn¥4.10bn
Net income¥15.97bn¥8.84bn¥5.60bn¥4.99bn¥14.38bn¥4.35bn¥4.45bn¥2.93bn
Diluted earnings per share94.2452.1933.1129.4985.0425.7026.3417.37
Cash from operations¥9.75bn−¥17.97bn−¥19.46bn¥18.16bn−¥20.09bn¥1.15bn¥15.71bn−¥8.72bn
Capital spending−¥366.0m−¥305.0m−¥614.0m−¥128.0m−¥46.0m−¥104.0m−¥58.0m−¥92.0m
Free cash flow¥9.38bn−¥18.27bn−¥20.07bn¥18.04bn−¥20.14bn¥1.04bn¥15.65bn−¥8.81bn
Total assets¥726.62bn¥673.76bn¥615.14bn¥556.79bn¥543.76bn¥523.10bn¥505.97bn¥484.67bn
Cash and short-term investments¥184.07bn¥155.23bn¥159.05bn¥148.56bn¥147.03bn¥183.74bn¥183.94bn¥162.14bn
Debt¥144.81bn¥127.34bn¥227.83bn¥103.86bn¥192.40bn¥68.78bn¥177.01bn¥62.01bn
Shareholders' equity¥137.07bn¥120.15bn¥110.89bn¥104.81bn¥99.27bn¥84.70bn¥80.37bn¥74.18bn

Growth per year

Compound annual rate

3 years5 years10 years
Revenue10.1%16.7%34.0%
Operating income38.3%53.3%—
Net income39.2%44.0%—

Average margins

Over each period

1 year3 years5 years10 years
Gross margin72.8%70.5%70.4%71.6%
Operating margin17.0%13.7%10.5%5.5%
Net margin14.6%11.3%8.3%3.1%

Valuation history

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Price to earnings18.220.522.533.9-58.2163.7-31.6-24.9-37.8
Price to sales2.82.81.62.63.08.89.46.67.4

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
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