Mercari's First Quarter FinTech Results

Mercari recorded a favorable start to the fiscal year in all three of Mercari Group's major businesses, with the recovery of the Marketplace GMV growth rate, the achievement of positive GMV growth in its US business, and the growth of FinTech credit services. Consolidated revenue was 49.4B JPY (+10% YoY) and consolidated core operating profit was 9.3B (+128% YoY). Going forward, Mercari aims to continue promoting product innovation by leveraging AI, and from Q2 onward, they aim to achieve their full-year financial forecast while strengthening the investment needed for growth in FY2027.6.

The FinTech segment achieved stable increases in both income and profit, with revenue of 14.2B JPY (+22% YoY) and core operating profit of 2.7B JPY (+2.3B JPY YoY); making good progress towards the business objectives.

Core operating profit was the highest amount to date, led by favorable revenue growth. Compared to FY2025.6 Q4, in which Mercari strengthened investments to acquire cardholders alongside the launch of Mercard Gold, advertising costs decreased QoQ, but Mercari plans to strengthen growth investment in Q2 and beyond.

In addition to continuous growth of fixed-amount payment, the FinTech segment saw significant growth of installment payments both inside and outside of Mercari, thus substantially growing the credit balance. Mercari also maintained a high collection rate, showing that they are appropriately balancing growth and risk management.

Mercari plans to expand and diversify financing in sync with the growth of its credit services centered on non-recourse receivable liquidation, in which financing is based on confidence in the actual credit receivable for Merpay Smart Payments

Mercari is planning to continue investments mainly in initiatives to acquire Mercard holders and expand the range of Merpay users to achieve mid/long-term top-line growth in Q2 and beyond; Mercari is anticipating an increase in investment compared to Q1.

FY2027.6—Mid-Term Objectives of Main Businesses

FY2026.6—Business Objectives

Stellar FinTech Performance Drives Mercari’s Full-Year Results

Introduction Mercari is committed to achieving the mid-term policy announced in FY2024.6, which‬ aims for double-digit CAGR growth in revenue and a CAGR of at least 25% in core‬ operating profit in FY2027.6. These targets remain unchanged. Following Mercari’s basic policy‬ to essentially aim for top-line growth that

Japan FinTech ObserverNorbert Gehrke