Japan Specialist

Mark Chadwick

Over 20 years experience in equities and asset management in Asia and Japan. Qualified CFA with experience analyzing companies as a buy-side analyst. In-depth knowledge of company fundamental analysis, corporate governance and valuations.

Mercari (4385) | Fintech and Gig Economy as Key Catalysts

Mercari's Credit Card Boosts Sales, New Gig Worker Service to Add New Revenue Stream

Equity Bottom-Up

<ul>
<li>Mercari Q1 FY25: Stock Down 16%; Revenues up +2% y/y, but core OP down -13% y/y</li>
<li>This quarter was a rough one for Mercari’s core Marketplace business. GMV growth slowed to mid-single digits</li>
<li>Fintech segment continues to power ahead. Revenue here jumped +37%, fueled by more customers and higher credit balances.</li>
</ul>


Mercari Q1 FY25: Stock Down 16%; Revenues up +2% y/y, but core OP down -13% y/y
This quarter was a rough one for Mercari’s core Marketplace business. GMV growth slowed to mid-single digits
Fintech segment continues to power ahead. Revenue here jumped +37%, fueled by more customers and higher credit balances.


Mercari (4385) | Q1 FY25 Results: Stock Down 16%