1. Japan Stocks

  2. •

    Consumer Cyclical

  3. •

    Specialty Retail
Mercari, Inc.

Mercari, Inc.

MRCIF
Mercari, Inc.US flagOther OTC
15.88
USD
- -
- -
2.62BMarket Cap
Mercari, Inc.
MRCIF
(Other OTC)

Recent

price

15.88

P/E

ratio

- -

div

yld

- -

ROIC.AI

2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
100.91
338.81
307.85
356.64
495.24
675.71
919.58
1,065.9
1,148.19
1,173.25
554.81
Revenue per Share
-2.87
-64.58
-60.61
-94.98
-147.85
36.42
-47.33
81.28
82.47
159.05
48.91
Basic EPS, GAAP
73.58
93.36
-35.54
-62.02
76.35
18.77
-168.13
-225.62
-266.46
- -
-85.33
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
18.5
-30.09
167.98
76
-67.72
-22.41
-70.43
17.47
111.65
275.06
160.66
Book Value per Share
69.11
62.8
467.4
344.04
225.22
250.6
234.08
339.69
438.51
599.13
492.3
Tangible Book Value per Share
121
65
116
145
154
157
160
161
163
164
163
Basic Weighted Avg Shares
12,256
22,071
35,765
51,683
76,275
106,115
147,049
171,967
187,407
192,633
90,236
Sales/Revenue/Turnover
-0.35
-12.58
-12.37
-23.51
-25.31
4.89
-2.53
9.53
9.33
14.45
11.04
Operating Margin (%)
50
192
440
1,065
1,639
845
818
2,745
2,042
- -
881
Depreciation Expense
-348
-4,207
-7,041
-13,764
-22,772
5,720
-7,569
13,113
13,461
26,114
7,955
Net Income, GAAP
- -
- -
- -
- -
- -
53.47
- -
20.41
24.78
10.1
20.53
Effective Tax Rate (%)
-2.84
-19.06
-19.69
-26.63
-29.86
5.39
-5.15
7.63
7.18
13.56
8.82
Profit Margin (%)
7,606
15,860
69,421
90,799
59,149
22,595
75,504
63,733
99,490
100,730
104,263
Working Capital
- -
12,887
18,956
51,447
51,547
16,148
79,102
86,978
126,477
123,729
103,847
LT Debt
8,395
4,416
54,421
50,937
35,367
40,013
38,213
55,659
72,144
99,640
80,680
Total Equity
- -
- -
- -
- -
- -
2.34
- -
6.54
5.37
8.83
3.14
Return on Invested Capital (%)
- -
- -
- -
- -
- -
10.89
- -
9.38
7.37
11.67
4.16
Return on Capital (%)
- -
- -
- -
-90.17
- -
- -
- -
- -
127.94
82.4
45.75
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'24
Sep'25
Dec'25
ST Debt
66,831
- -
75,011
LT Borrowings
124,263
- -
101,999
LT Finance Leases
2,214
- -
1,848
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
164
- -
164
Market Capitalization
292,946
285,850
314,801

Working Capital

FRC

•

in mil. unless spec.
Jun'24
Sep'25
Dec'25
Total Current Assets
402,033
- -
425,084
Cash, Cash Equivalents & STI
197,305
- -
193,047
Accounts Receivable, Net
195,437
- -
221,954
Inventories
- -
- -
- -
Total Current Liabilities
302,543
- -
320,821
Payables & Accruals
- -
- -
- -
ST Debt
66,831
- -
75,011
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
24.4%
38.11%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
- -
-106.81%
94%
Sales/Revenue/Turnover
- -
21.28%
2.79%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
44,271
48,115
43,707
46,529
187,407
2025
- -
- -
- -
- -
192,633
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
17.27
10.67
20.12
- -
82.47
2025
- -
- -
- -
- -
159.05
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Mercari, Inc. (Ticker: MRCIF) operates as a leading mobile marketplace platform that enables individual users to buy and sell a wide range of personal goods easily and with minimal fees. The company offers core services including its flagship Mercari consumer-to-consumer (C2C) marketplace app for transactions in categories such as fashion, electronics, home goods, beauty products, and toys; Mercari Shops for brand sellers to establish official storefronts; and related features like instant purchase options, authenticated luxury goods sales via Mercari Authenticate, shipping label generation, and payment processing through its proprietary system. Founded in 2013 and headquartered in Tokyo, Japan, Mercari primarily serves individual consumers and small sellers across Japan, the United States, and the United Kingdom, with additional expansion into the Asia-Pacific region through subsidiaries like Mercari JP and Merpay for integrated payment solutions. In recent developments, Mercari announced a strategic partnership with major logistics providers in 2024 to enhance delivery speeds in the U.S. market; completed the acquisition of a minority stake in a blockchain-based NFT platform in early 2025 to diversify into digital assets; and launched Mercari Refined, a premium resale service for high-end fashion items, alongside a reorganization of its U.S. operations to focus on profitability amid market expansion. These initiatives reflect Mercari's ongoing shift toward integrated e-commerce ecosystems, including AI-driven recommendations and sustainability-focused resale programs targeting eco-conscious millennials and Gen Z users.