Mercari
Mercari, Inc.
Company highlights
A company that buys nothing and takes 10% of the price each time a sale is completed.
Vol.8, Chapter 5 (as of 2026-09-10)
Key figures
Period Jul 2025 to Jun 2026ConsolidatedIFRS
Business revenue model
Featured in
Vol.8, Chapter 5 (as of 2026-09-10)
“Kaisha no Shikumi: Buying to Resell or Brokering the Sale”, Chapter 5: Mercari: No Purchasing, and a Fee on Every Transaction
Book’s reference date 2026-09-10 / data last checked 2026-10-20
Key points in this volumeIn the secondhand business, profits depend not just on selling prices, but on whether a company buys goods for resale or earns fees by connecting buyers and sellers.
Individuals list and individuals buy. Mercari does not purchase goods in its main business; when a sale is completed it receives 10% of the selling price from the seller. Its consolidated statement of financial position has no separate line for inventories.
In the year ended June 2026, domestic Marketplace GMV was ¥1.2856 trillion, with 24.19 million monthly users. Under the buyback request service launched in December 2024, Mercari itself becomes the contractual buyer in some cases. The U.S. business posted its first full-year profit in the year ended June 2025.
The move that changed Mercari
It reviewed how the fees and the fixed costs of the U.S. business were set.
From the second half of the year ended June 2025, Shintaro Yamada served as CEO of the U.S. business as well, and the fee structure and the fixed costs were reviewed. In that same year ended June 2025, the U.S. business made its first profit for a full year.
Coverage in the book
- It Buys No Goods, and Takes 10% Each Time a Sale Closes
- Where Mercari's Money Comes From
- GMV of ¥1.2856 Trillion, and 24.19 Million Users
- The Goods Belong to the Seller Until They Sell
- From December 2024, Trades in Which Mercari Itself Is the Buyer
Vol.6, Chapter 2 (as of 2026-08-26)
A company that takes nothing until something sells.
“Kaisha no Shikumi: Free”, Chapter 2: Mercari: Listing Is Free, and 10% Only When It Sells
Book’s reference date 2026-08-26 / data last checked 2026-10-20
Key points in this volumeA free service's profits depend not just on how many people use it, but on who pays.
Listing is free. Only when a sale completes does it take 10% of the sale price. Nothing sells, nothing is charged, and it is the seller who pays. The 10% fee has never been raised since launch.
For the year ended June 2026, ¥1,285.6 billion passed through the marketplace business in Japan, and ¥129.5 billion stayed with the company as revenue (10.08%, calculated). The Japanese marketplace is 56.5% of revenue, finance 22.3%, and the United States 17.8%.
Revenue in the year ended June 2026 was ¥229.3 billion and operating profit ¥43.9 billion. Because it buys no goods, the consolidated statement of financial position has no line for inventories. The Buyback Request service, which started in December 2024, is the exception.
The move that changed Mercari
Mercari, still paying no dividend, approved its first purchase of its own stock since it listed.
On August 5, 2026 Mercari resolved to buy its own stock for the first time since it listed. The limit is 4 million shares and ¥10 billion ($62.5 million), and the stock acquired is due to be cancelled in full in November. As of August 27, 2026, the reference date for this research, the buying period was still running, so the number of shares actually acquired and the amount spent cannot be confirmed. The dividend remains ¥0. Revenue in the year ended June 2026 was ¥229.3 billion and operating profit ¥43.9 billion, and the last operating loss was in the year ended June 2022.
Coverage in the book
- Listing Costs Nothing, and 10% of the Sale Price Is Due When an Item Sells
- The Total Value of the Trades, and What Stays with the Company
- Fintech Is 22.3% of Revenue
- The US Business Has Been in Profit Two Years Running
- Mercari's Ten Fiscal Years, and Its Dividend Policy
Related books, articles and videos
“Kaisha no Shikumi: Buying to Resell or Brokering the Sale”
Chapter 5: Mercari
“Mercari: No Purchasing, and a Fee on Every Transaction”
“Ano Kaisha no Shikumi” series, Vol.8 — Kindle and paperback
Find it on Amazon →
“Kaisha no Shikumi: Free”
Chapter 2: Mercari
“Mercari: Listing Is Free, and 10% Only When It Sells”
“Ano Kaisha no Shikumi” series, Vol.6 — Kindle and paperback
Find it on Amazon →
Company profile
Tables scroll sideways
Disclosed data
Business activities and revenue composition
Mercari
Revenue and profit by business segment
Period Jul 2025 to Jun 2026Source Annual securities reportsConsolidated・Disclosed
| Business | Net sales to external customers | Operating income | |||||
|---|---|---|---|---|---|---|---|
| This year | Share | Last year | This year | Share | Margin | Last year | |
| Japan business | ¥180.9 billion | 81.6% | ¥149.8 billion | ¥51.3 billion | 96.9% | 28.4% | ¥34.9 billion |
| US | ¥40.8 billion | 18.4% | ¥36.4 billion | ¥1.7 billion | 3.1% | 4.1% | ¥0.7 billion |
| Total of the businesses | ¥221.6 billion | 100.0% | ¥53.0 billion | 100.0% | |||
Revenue and profit
Amounts by account
| Group | Account | Amount | Consolidated / Non-consolidated |
|---|---|---|---|
| Selling, general and administrative expenses | Selling general and administrative expenses IFRS | ¥124.7 billion | Consolidated |
| Advertising expenses | ¥27.6 billion | Parent only | |
| Commission fees | ¥27.5 billion | Consolidated | |
| Employee benefit expenses sgaifrs | ¥16.1 billion | Consolidated | |
| Business consignment expenses | ¥11.7 billion | Consolidated | |
| Other | ¥6.0 billion | Consolidated | |
| Depreciation and amortization | ¥1.3 billion | Consolidated | |
| Provision for bonuses | ¥0.7 billion | Parent only | |
| Provision for point card certificates | ¥0.5 billion | Parent only | |
| Depreciation | ¥0.2 billion | Parent only | |
| Profit by stage | Gross profit (loss) | ¥111.1 billion | Parent only |
| Operating income | ¥43.9 billion | Consolidated | |
| Net income | ¥35.4 billion | Consolidated | |
| Ordinary income | ¥32.4 billion | Parent only |
Mercari
Selling, general and administrative expenses
Period Jul 2025 to Jun 2026Source Annual securities reports
- Selling general and administrative expenses IFRS ¥124.7 billion
- Advertising expenses ¥27.6 billion
- Commission fees ¥27.5 billion
- Employee benefit expenses sgaifrs ¥16.1 billion
- Business consignment expenses ¥11.7 billion
- Other ¥6.0 billion
Performance, financial position and capital allocation
Long-term changes in performance
Mercari
Long-term revenue, profit and asset trends
Period 2016 to 2026Source Annual securities reportsDisclosed
Mercari
Recent performance trends
Source Annual securities reports
Year-on-year comparison
| Item | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Revenue (IFRS) | Could not be retrieved | ¥172.0B | ¥187.4B | ¥192.6B | ¥229.3B |
| Year on year (%) | Could not be retrieved | comparison basis not confirmed | +9.0% | +2.8% | +19.0% |
| Profit (loss) before tax (IFRS) | Could not be retrieved | Could not be retrieved | Could not be retrieved | ¥29.1B | ¥44.2B |
| Change from prior year | Could not be retrieved | Could not be retrieved | Could not be retrieved | comparison basis not confirmed | +51.7% |
| Profit (loss) before tax (IFRS) as a share of Revenue (IFRS) | Could not be retrieved | Could not be retrieved | Could not be retrieved | 15.1% | 19.3% |
| Change (percentage points) | Could not be retrieved | comparison basis not confirmed | Could not be retrieved | comparison basis not confirmed | +4.2 points◆ |
Fiscal periods marked for changes
Earlier fiscal periods (5)
- 2017Net sales year on year +80.1%, Ordinary income (loss) as a share of revenue -11.8 points
- 2018Net sales year on year +62.0%
- 2019Net sales year on year +44.5%, Ordinary income (loss) as a share of revenue -10.3 points
- 2020Net sales year on year +47.6%
- 2021Net sales year on year +39.1%, Ordinary income (loss) as a share of revenue +30.1 points, Ordinary income (loss) loss to profit
- 2022Net sales year on year +38.6%, Ordinary income (loss) as a share of revenue -7.3 points, Ordinary income (loss) profit to loss
- 2023Ordinary income (loss) loss to profit
- 2026Profit (loss) before tax (IFRS) as a share of revenue +4.2 points
Mercari
Earnings and net assets per share over time
Unit yenSource Annual securities reports
Mercari
Return on equity over time
Unit %Source Annual securities reports
Consolidated indicators (30 items)
| Item | 4 years ago | 3 years ago | 2 years ago | Last year | This year |
|---|---|---|---|---|---|
| Revenue (IFRS) | Could not be retrieved | ¥172.0 billion | ¥187.4 billion | ¥192.6 billion | ¥229.3 billion |
| Profit (loss) before tax (IFRS) | Could not be retrieved | ¥16.4 billion | ¥17.9 billion | ¥29.1 billion | ¥44.2 billion |
| Profit (loss) attributable to owners of parent (IFRS) | Could not be retrieved | ¥13.1 billion | ¥13.5 billion | ¥26.1 billion | ¥35.4 billion |
| Comprehensive income attributable to owners of parent (IFRS) | Could not be retrieved | ¥13.7 billion | ¥14.9 billion | ¥26.1 billion | ¥36.4 billion |
| Equity attributable to owners of parent (IFRS) | ¥37.8 billion | ¥55.3 billion | ¥71.8 billion | ¥99.3 billion | ¥137.1 billion |
| Total assets (IFRS) | ¥345.2 billion | ¥418.3 billion | ¥501.8 billion | ¥543.8 billion | ¥726.6 billion |
| Equity attributable to owners of parent per share (IFRS) | 235.28 yen | 340.67 yen | 438.33 yen | 603.28 yen | 829.62 yen |
| Basic earnings (loss) per share (IFRS) | Could not be retrieved | 81.28 yen | 82.48 yen | 159.05 yen | 214.74 yen |
| Diluted earnings (loss) per share (IFRS) | Could not be retrieved | 77.61 yen | 79.01 yen | 154.85 yen | 209.06 yen |
| Ratio of equity attributable to owners of parent (IFRS) | 11.0% | 13.2% | 14.3% | 18.3% | 18.9% |
| Return on equity attributable to owners of parent (IFRS) | Could not be retrieved | 28.1% | 21.2% | 30.5% | 30.0% |
| Net cash provided by (used in) operating activities (IFRS) | Could not be retrieved | ¥-35.8 billion | ¥-43.3 billion | ¥-11.9 billion | ¥-9.5 billion |
| Net cash provided by (used in) investing activities (IFRS) | Could not be retrieved | ¥-0.6 billion | ¥-0.9 billion | ¥-31.4 billion | ¥-29.2 billion |
| Net cash provided by (used in) financing activities (IFRS) | Could not be retrieved | ¥25.2 billion | ¥32.1 billion | ¥0.5 billion | ¥73.5 billion |
| Cash and cash equivalents (IFRS) | ¥211.8 billion | ¥201.8 billion | ¥192.0 billion | ¥147.0 billion | ¥184.1 billion |
| Net sales | ¥147.0 billion | ¥172.1 billion | ¥187.5 billion | Could not be retrieved | Could not be retrieved |
| Ordinary income (loss) | ¥-3.9 billion | ¥17.4 billion | ¥18.2 billion | Could not be retrieved | Could not be retrieved |
| Net income (loss) attributable to owners of parent | ¥-7.6 billion | ¥13.1 billion | ¥14.4 billion | Could not be retrieved | Could not be retrieved |
| Comprehensive income | ¥-6.3 billion | ¥13.8 billion | ¥15.3 billion | Could not be retrieved | Could not be retrieved |
| Net assets | ¥38.0 billion | ¥55.2 billion | ¥73.0 billion | Could not be retrieved | Could not be retrieved |
| Total assets | ¥339.9 billion | ¥415.3 billion | ¥512.2 billion | Could not be retrieved | Could not be retrieved |
| Net assets per share | 228.57 yen | 329.8 yen | 436.71 yen | Could not be retrieved | Could not be retrieved |
| Basic earnings (loss) per share | -47.34 yen | 81.01 yen | 87.94 yen | Could not be retrieved | Could not be retrieved |
| Diluted earnings per share | Could not be retrieved | 77.36 yen | 84.25 yen | Could not be retrieved | Could not be retrieved |
| Equity-to-asset ratio | 10.8% | 12.9% | 14.0% | Could not be retrieved | Could not be retrieved |
| Return on equity | Could not be retrieved | 28.9% | 22.9% | Could not be retrieved | Could not be retrieved |
| Net cash provided by (used in) operating activities | ¥-26.2 billion | ¥-36.9 billion | ¥-44.8 billion | Could not be retrieved | Could not be retrieved |
| Net cash provided by (used in) investing activities | ¥-0.7 billion | ¥-0.6 billion | ¥-0.9 billion | Could not be retrieved | Could not be retrieved |
| Net cash provided by (used in) financing activities | ¥62.1 billion | ¥26.8 billion | ¥33.4 billion | Could not be retrieved | Could not be retrieved |
| Cash and cash equivalents | ¥211.4 billion | ¥202.0 billion | ¥192.1 billion | Could not be retrieved | Could not be retrieved |
Parent only indicators (12 items)
| Item | 4 years ago | 3 years ago | 2 years ago | Last year | This year |
|---|---|---|---|---|---|
| Net sales | ¥86.1 billion | ¥101.7 billion | ¥107.9 billion | ¥111.5 billion | ¥130.0 billion |
| Ordinary income (loss) | ¥13.2 billion | ¥27.2 billion | ¥22.6 billion | ¥22.1 billion | ¥32.4 billion |
| Net income (loss) | ¥-5.0 billion | ¥7.3 billion | ¥9.8 billion | ¥20.7 billion | ¥21.8 billion |
| Capital stock | ¥44.6 billion | ¥46.1 billion | ¥47.3 billion | ¥48.2 billion | ¥49.2 billion |
| Total number of issued shares (common stock) | 160,813,967 shares | 162,465,598 shares | 163,889,610 shares | 164,548,524 shares | 165,220,952 shares |
| Net assets | ¥45.2 billion | ¥55.6 billion | ¥68.2 billion | ¥90.0 billion | ¥113.5 billion |
| Total assets | ¥137.4 billion | ¥160.7 billion | ¥166.2 billion | ¥165.5 billion | ¥207.1 billion |
| Net assets per share | 275.01 yen | 335.48 yen | 410.29 yen | 541.52 yen | 683.77 yen |
| Basic earnings (loss) per share | -31.05 yen | 45.09 yen | 59.89 yen | 125.92 yen | 132.34 yen |
| Diluted earnings per share | Could not be retrieved | 43.05 yen | 57.38 yen | 122.6 yen | 128.83 yen |
| Equity-to-asset ratio | 32.2% | 33.9% | 40.5% | 53.8% | 54.6% |
| Return on equity | Could not be retrieved | 14.7% | 16.1% | 26.4% | 21.6% |
Shareholder composition
Share ownership by holder category
Mercari
Unit %Source Annual securities reports
- Financial institutions25.85%
- Securities firms1.01%
- Other corporations6.80%
- Foreign holders (institutions)33.56%
- Foreign holders (individuals)0.26%
- Individuals and others32.52%
Major shareholders
| Rank | Shareholder | Shareholding ratio | Shares held |
|---|---|---|---|
| 1 | 山田 進太郎 | 21.45% | 35,435,000 |
| 2 | 日本マスタートラスト信託銀行株式会社(信託口) | 17.41% | 28,764,000 |
| 3 | 株式会社日本カストディ銀行(信託口) | 7.29% | 12,039,000 |
| 4 | 株式会社suadd | 6.26% | 10,348,000 |
| 5 | OASIS JAPAN STRATEGIC FUND LTD.(常任代理人 シティバンク、エヌ・エイ東京支店) | 3.93% | 6,500,000 |
| 6 | 富島 寛 | 3.39% | 5,595,000 |
| 7 | GOVERNMENT OF NORWAY(常任代理人 シティバンク、エヌ・エイ東京支店) | 1.94% | 3,202,000 |
| 8 | CEP LUX-ORBIS SICAV(常任代理人 シティバンク、エヌ・エイ東京支店) | 1.76% | 2,907,000 |
| 9 | STATE STREET BANK AND TRUST COMPANY 505001(常任代理人 株式会社みずほ銀行決済営業部) | 1.19% | 1,962,000 |
| 10 | CACEIS BANK FOR (EQUITIES) NON TREATY UCITS CLIENTS(常任代理人 香港上海銀行東京支店) | 1.07% | 1,761,000 |
Research and development expenses and capital expenditure
| Fiscal year | Research and development | Capital expenditure |
|---|---|---|
| FY ending 6/2026 | ¥0.4 billion | ¥6.6 billion |
| FY ending 6/2025 | ¥0.3 billion | ¥7.4 billion |
| FY ending 6/2020 | ¥0.3 billion | ¥1.0 billion |
| FY ending 6/2019 | ¥0.2 billion | Could not be retrieved |
Revenue scale in the same industry
Mercari
Source Annual securities reports of each company
Information and Communication: 642 companies · revenue · largest first・each company’s latest fiscal year・Consolidated・Disclosed
- 1 NTTFY Mar 2026 ¥14.4T
- 2 SoftBank GroupFY Mar 2026 ¥7.8T
- 3 ソフトバンクFY Mar 2026 ¥7.0T
- … 21 companies
- 25 KADOKAWAFY Mar 2026 ¥282.9B
- 26 Trend MicroFY Dec 2025 ¥276.0B
- 27 MercariThis companyFY Jun 2026 ¥229.3B
- 28 GAKKENFY Sep 2025 ¥199.1B
- 29 CAPCOMFY Mar 2026 ¥195.4B
- … 613 companies
Workforce information
Women 4.2 yrs Average length of service by gender
Administrative filings and published information
Workplace information filings
| Item | Value |
|---|---|
| Employees | 2,101 |
| Annual paid leave taken (all employees) | 75.1% |
| Share of managers who are women | 21.4% |
Audit and disclosure information
| Item | Value |
|---|---|
| Audit firm | EY新日本有限責任監査法人 |
| Audit fees (this year, total) | ¥0.1 billion |
| Non-audit fees (this year, total) | ¥5.00 million |
| Audit fees (this year, network firms) | ¥84.00 million |
| Non-audit fees (this year, network firms) | ¥8.00 million |
| Going concern note | Cannot be determined |
| Accounting standard | IFRS |
Sources and methodology
Retrieved disclosed figures
Major management indicators (5 years) (27 items)
| Item | Value | Consolidated / Non-consolidated |
|---|---|---|
| Net cash provided by (used in) operating activities (IFRS) | ¥-9.5 billion | Consolidated |
| Basic earnings (loss) per share (IFRS) | 214.74 yen | Consolidated |
| Revenue (IFRS) | ¥229.3 billion | Consolidated |
| Diluted earnings (loss) per share (IFRS) | 209.06 yen | Consolidated |
| Profit (loss) attributable to owners of parent (IFRS) | ¥35.4 billion | Consolidated |
| Comprehensive income attributable to owners of parent (IFRS) | ¥36.4 billion | Consolidated |
| Net cash provided by (used in) investing activities (IFRS) | ¥-29.2 billion | Consolidated |
| Cash and cash equivalents (IFRS) | ¥184.1 billion | Consolidated |
| Profit (loss) before tax (IFRS) | ¥44.2 billion | Consolidated |
| Total assets (IFRS) | ¥726.6 billion | Consolidated |
| Equity attributable to owners of parent (IFRS) | ¥137.1 billion | Consolidated |
| Return on equity attributable to owners of parent (IFRS) | 30.0% | Consolidated |
| Ratio of equity attributable to owners of parent (IFRS) | 18.9% | Consolidated |
| Net cash provided by (used in) financing activities (IFRS) | ¥73.5 billion | Consolidated |
| Equity attributable to owners of parent per share (IFRS) | 829.62 yen | Consolidated |
| Net sales | ¥130.0 billion | Parent only |
| Net income (loss) | ¥21.8 billion | Parent only |
| Diluted earnings per share | 128.83 yen | Parent only |
| Total number of issued shares (common stock) | 165,220,952 shares | Parent only |
| Net assets | ¥113.5 billion | Parent only |
| Ordinary income (loss) | ¥32.4 billion | Parent only |
| Total assets | ¥207.1 billion | Parent only |
| Return on equity | 21.6% | Parent only |
| Equity-to-asset ratio | 54.6% | Parent only |
| Capital stock | ¥49.2 billion | Parent only |
| Basic earnings (loss) per share | 132.34 yen | Parent only |
| Net assets per share | 683.77 yen | Parent only |
Employees (11 items)
| Item | Value | Consolidated / Non-consolidated |
|---|---|---|
| Number of employees | 2,065 people | Consolidated |
| Number of employees | 2,065 people | Consolidated |
| Wage gap between men and women (all employees) | 29.3% | Parent only |
| Average length of service (years) | 4.5 years | Parent only |
| Average annual salary | ¥12.32 million | Parent only |
| Average age (years) | 37.2 years old | Parent only |
| Number of employees | 1,345 people | Parent only |
| Number of employees | 1,345 people | Parent only |
| Number of employees | 1,345 people | Parent only |
| Wage gap between men and women (regular employees) | 28.6% | Parent only |
| Wage gap between men and women (non-regular employees) | 31.4% | Parent only |
Other disclosed items (10 items)
| Item | Value | Consolidated / Non-consolidated |
|---|---|---|
| Scope1 greenhouse gas emissions | 298,340 t-CO2e | Consolidated |
| Gross scope 3 greenhouse gas emissions | 297,294 t-CO2e | Consolidated |
| Average number of temporary employees | 482 people | Consolidated |
| Average number of temporary employees | 482 people | Consolidated |
| Rate of male employees taking childcare leave (all employees) | 86.4% | Parent only |
| Average number of temporary employees | 290 people | Parent only |
| Average number of temporary employees | 290 people | Parent only |
| Average number of temporary employees | 290 people | Parent only |
| Total return on the share price index | 232.1% | Parent only |
| Ratio of female employees in managerial positions | 25.2% | Parent only |
Shares (14 items)
| Item | Value | Consolidated / Non-consolidated |
|---|---|---|
| Number of shares held | 108,516,000 shares | Consolidated |
| Total number of shares held treasury shares etc | 600 shares | Consolidated |
| Number of issues whose number of shares increased shares not listed investment shares held for purposes other than pure investment reporting company | 2 issues | Consolidated |
| Number of issues whose number of shares decreased shares not listed investment shares held for purposes other than pure investment reporting company | 1 issues | Consolidated |
| Total acquisition cost for increased shares shares not listed investment shares held for purposes other than pure investment reporting company | ¥4.3 billion | Consolidated |
| Total sale amount for decreased shares shares not listed investment shares held for purposes other than pure investment reporting company | ¥42.00 million | Consolidated |
| Number of shares | 165,220,952 shares | Consolidated |
| Shareholding ratio treasury shares etc | 0.0% | Consolidated |
| Shareholding ratio | 65.7% | Consolidated |
| Number of shares held in own name treasury shares etc | 600 shares | Consolidated |
| Number of voting rights | 1,650,718 units | Consolidated |
| Carrying amount on the balance sheet | ¥5.1 billion | Consolidated |
| Number of issues | 11 issues | Consolidated |
| Total shareholder return | 69.3% | Parent only |
Research and development (1 items)
| Item | Value | Consolidated / Non-consolidated |
|---|---|---|
| Research and development expenses | ¥0.4 billion | Consolidated |
Property and facilities (1 items)
| Item | Value | Consolidated / Non-consolidated |
|---|---|---|
| Capital expenditures | ¥6.6 billion | Consolidated |
Audit (9 items)
| Item | Value | Consolidated / Non-consolidated |
|---|---|---|
| Fees for audit and attestation services - reporting company | ¥86.00 million | Consolidated |
| Fees for audit and attestation services - total | ¥84.00 million | Consolidated |
| Fees for audit and attestation services - total | ¥0.1 billion | Consolidated |
| Fees for audit and attestation services - consolidated subsidiaries | ¥84.00 million | Consolidated |
| Fees for audit and attestation services - consolidated subsidiaries | ¥60.00 million | Consolidated |
| Fees for non-audit services - reporting company | ¥8.00 million | Consolidated |
| Fees for non-audit services - total | ¥8.00 million | Consolidated |
| Fees for non-audit services - total | ¥5.00 million | Consolidated |
| Non audit fees consolidated subsidiaries | ¥5.00 million | Consolidated |
Accounts unique to this company (10 items)
| Item | Value | Consolidated / Non-consolidated |
|---|---|---|
| Revenue | ¥3.1 billion | Consolidated |
| Revenue | ¥0.8 billion | Consolidated |
| Revenue | ¥264.2 billion | Consolidated |
| Revenue | ¥3.3 billion | Consolidated |
| Revenue | ¥45.2 billion | Consolidated |
| Revenue | ¥-56.5 billion | Consolidated |
| Revenue | ¥66.5 billion | Consolidated |
| Revenue | ¥0.2 billion | Consolidated |
| Change in average annual salary from the previous year | 4.8% | Parent only |
| Revenue | ¥0.1 billion | Parent only |
Balance sheet (116 items)
| Item | Value | Consolidated / Non-consolidated |
|---|---|---|
| Other | ¥0.1 billion | Consolidated |
| Other | ¥-18.00 million | Consolidated |
| Other | ¥0.1 billion | Consolidated |
| Other | ¥-0.6 billion | Consolidated |
| Other | ¥2.0 billion | Consolidated |
| Other | ¥1.5 billion | Consolidated |
| Other current liabilities clifrs | ¥10.8 billion | Consolidated |
| Other current assets caifrs | ¥4.2 billion | Consolidated |
| Other components of equity IFRS | ¥3.6 billion | Consolidated |
| Other financial liabilities | ¥3.0 billion | Consolidated |
| Other financial assets | ¥127.7 billion | Consolidated |
| Other financial assets | ¥10.0 billion | Consolidated |
| Other non current liabilities nclifrs | ¥0.4 billion | Consolidated |
| Other non current assets ncaifrs | ¥0.6 billion | Consolidated |
| Software | ¥-0.3 billion | Consolidated |
| Software | ¥2.6 billion | Consolidated |
| Software IFRS | ¥2.3 billion | Consolidated |
| Lease obligations | ¥1.6 billion | Consolidated |
| Lease obligations | ¥6.6 billion | Consolidated |
| Right of use assets IFRS | ¥8.0 billion | Consolidated |
| Retained earnings IFRS | ¥32.4 billion | Consolidated |
| Trademarks acquisition cost IFRS | ¥0.3 billion | Consolidated |
| Trademarks IFRS | ¥0.3 billion | Consolidated |
| Trade and other payables clifrs | ¥19.2 billion | Consolidated |
| Trade and other receivables caifrs | ¥364.0 billion | Consolidated |
| Tools, furniture and fixtures | ¥2.1 billion | Consolidated |
| Tools, furniture and fixtures | ¥-1.3 billion | Consolidated |
| Tools, furniture and fixtures | ¥0.8 billion | Consolidated |
| Buildings and structures | ¥4.8 billion | Consolidated |
| Buildings and structures | ¥-3.1 billion | Consolidated |
| Buildings and structures IFRS | ¥1.7 billion | Consolidated |
| Provisions nclifrs | ¥0.7 billion | Consolidated |
| Property, plant and equipment | ¥7.1 billion | Consolidated |
| Property, plant and equipment | ¥-4.5 billion | Consolidated |
| Property plant and equipment IFRS | ¥2.6 billion | Consolidated |
| Property plant and equipment IFRS | ¥2.6 billion | Consolidated |
| Income taxes payable | ¥16.4 billion | Consolidated |
| Total current liabilities IFRS | ¥458.4 billion | Consolidated |
| Current assets IFRS | ¥683.0 billion | Consolidated |
| Intangible assets accumulated amortization and impairment losses IFRS | ¥-0.9 billion | Consolidated |
| Intangible assets acquisition cost IFRS | ¥4.9 billion | Consolidated |
| Intangible assets IFRS | ¥4.1 billion | Consolidated |
| Intangible assets IFRS | ¥4.1 billion | Consolidated |
| Cash and cash equivalents (IFRS) | ¥184.1 billion | Consolidated |
| Cash and cash equivalents (IFRS) | ¥184.1 billion | Consolidated |
| Bonds and borrowings clifrs | ¥143.2 billion | Consolidated |
| Bonds and borrowings nclifrs | ¥122.9 billion | Consolidated |
| Net assets | ¥137.5 billion | Consolidated |
| Net assets | ¥137.5 billion | Consolidated |
| Total assets | ¥726.6 billion | Consolidated |
| Deferred tax liabilities IFRS | ¥90.00 million | Consolidated |
| Deferred tax assets IFRS | ¥17.5 billion | Consolidated |
| Treasury shares IFRS | ¥-2.00 million | Consolidated |
| Equity attributable to owners of parent (IFRS) | ¥137.1 billion | Consolidated |
| Liabilities and equity IFRS | ¥726.6 billion | Consolidated |
| Liabilities IFRS | ¥589.2 billion | Consolidated |
| Capital surplus IFRS | ¥51.9 billion | Consolidated |
| Share capital IFRS | ¥49.2 billion | Consolidated |
| Non controlling interests IFRS | ¥0.4 billion | Consolidated |
| Non current labilities IFRS | ¥130.8 billion | Consolidated |
| Non current assets IFRS | ¥43.6 billion | Consolidated |
| Other | ¥0.5 billion | Parent only |
| Other | ¥1.0 billion | Parent only |
| Other | ¥2.0 billion | Parent only |
| Other | ¥0.6 billion | Parent only |
| Other | ¥2.00 million | Parent only |
| Other provision | ¥0.3 billion | Parent only |
| Other capital surplus | ¥0 | Parent only |
| Software | ¥1.8 billion | Parent only |
| Software in progress | ¥0.5 billion | Parent only |
| Reserve for loyalty awards credits | ¥0.6 billion | Parent only |
| Retained earnings | ¥14.5 billion | Parent only |
| Prepaid expenses | ¥1.5 billion | Parent only |
| Non-current liabilities | ¥41.2 billion | Parent only |
| Non-current assets | ¥53.3 billion | Parent only |
| Accounts receivable - trade | ¥12.6 billion | Parent only |
| Tools, furniture and fixtures | ¥0.7 billion | Parent only |
| Buildings, net | ¥0.7 billion | Parent only |
| Construction in progress | ¥10.00 million | Parent only |
| Investments and other assets | ¥49.6 billion | Parent only |
| Investment securities | ¥5.1 billion | Parent only |
| Subscription rights to shares | ¥0.6 billion | Parent only |
| Property, plant and equipment | ¥1.4 billion | Parent only |
| Accounts receivable - other | ¥12.0 billion | Parent only |
| Income taxes payable | ¥11.4 billion | Parent only |
| Accrued expenses | ¥0.7 billion | Parent only |
| Accounts payable - other | ¥19.7 billion | Parent only |
| Shareholders' equity | ¥112.9 billion | Parent only |
| Provision for share-based compensation | ¥0.2 billion | Parent only |
| Share award rights | ¥6.00 million | Parent only |
| Current liabilities | ¥52.3 billion | Parent only |
| Current assets | ¥153.7 billion | Parent only |
| Intangible assets | ¥2.3 billion | Parent only |
| Cash and deposits | ¥125.9 billion | Parent only |
| Net assets | ¥113.5 billion | Parent only |
| Net assets | ¥113.5 billion | Parent only |
| Total assets | ¥207.1 billion | Parent only |
| Deferred gains or losses on hedges | ¥0.1 billion | Parent only |
| Deferred tax assets | ¥4.2 billion | Parent only |
| Retained earnings brought forward | ¥14.5 billion | Parent only |
| Treasury stock | ¥-2.00 million | Parent only |
| Valuation and translation adjustments | ¥0.1 billion | Parent only |
| Liabilities | ¥93.5 billion | Parent only |
| Liabilities and net assets | ¥207.1 billion | Parent only |
| Capital surplus | ¥49.2 billion | Parent only |
| Legal capital surplus | ¥49.2 billion | Parent only |
| Capital stock | ¥49.2 billion | Parent only |
| Provision for bonuses | ¥2.2 billion | Parent only |
| Convertible-bond-type bonds with share acquisition rights | ¥15.6 billion | Parent only |
| Long-term loans payable | ¥25.0 billion | Parent only |
| Shares of subsidiaries and associates | ¥8.6 billion | Parent only |
| Loans receivable to subsidiaries and affiliates | ¥1.2 billion | Parent only |
| Long-term loans receivable from subsidiaries and affiliates | ¥30.6 billion | Parent only |
| Deposits received | ¥0.8 billion | Parent only |
| Current portion of bonds with subscription rights to shares | ¥13.3 billion | Parent only |
| Current portion of long-term loans payable | ¥1.1 billion | Parent only |
Statement of income (98 items)
| Item | Value | Consolidated / Non-consolidated |
|---|---|---|
| Other | ¥0.1 billion | Consolidated |
| Other | ¥71.00 million | Consolidated |
| Other | ¥6.0 billion | Consolidated |
| Other | ¥0.4 billion | Consolidated |
| Net change in fair value of equity instruments designated as measured at fair value through other comprehensive income net of tax items that will not be reclassified to profit or loss ociifrs | ¥0.4 billion | Consolidated |
| Other comprehensive income IFRS | ¥1.0 billion | Consolidated |
| Other comprehensive income IFRS | ¥1.0 billion | Consolidated |
| Other income IFRS | ¥0.5 billion | Consolidated |
| Other income IFRS | ¥0.5 billion | Consolidated |
| Other expenses IFRS | ¥0.8 billion | Consolidated |
| Other expenses IFRS | ¥0.8 billion | Consolidated |
| Effective portion of cash flow hedges net of tax items that may be reclassified to profit or loss ociifrs | ¥90.00 million | Consolidated |
| Financial liabilities measured at amortized cost | ¥0.6 billion | Consolidated |
| Financial assets measured at amortized cost | ¥1.3 billion | Consolidated |
| Operating income | ¥43.9 billion | Consolidated |
| Operating income | ¥43.9 billion | Consolidated |
| Net cash provided by (used in) operating activities | ¥-9.5 billion | Consolidated |
| Exchange differences on translation of foreign operations net of tax items that may be reclassified to profit or loss ociifrs | ¥0.5 billion | Consolidated |
| Basic earnings loss per share IFRS | 214.74 yen | Consolidated |
| Cost of sales IFRS | ¥60.4 billion | Consolidated |
| Gross profit IFRS | ¥168.9 billion | Consolidated |
| Net sales | ¥229.3 billion | Consolidated |
| Net sales | ¥229.3 billion | Consolidated |
| Revenue from external customers IFRS | ¥229.3 billion | Consolidated |
| Diluted earnings loss per share IFRS | 209.06 yen | Consolidated |
| Advertising expenses IFRS | ¥44.6 billion | Consolidated |
| Profit loss IFRS | ¥35.4 billion | Consolidated |
| Profit loss IFRS | ¥35.4 billion | Consolidated |
| Profit loss IFRS | ¥35.4 billion | Consolidated |
| Profit loss IFRS | ¥35.4 billion | Consolidated |
| Comprehensive income (IFRS) | ¥36.4 billion | Consolidated |
| Comprehensive income (IFRS) | ¥36.4 billion | Consolidated |
| Comprehensive income (IFRS) | ¥36.4 billion | Consolidated |
| Net income | ¥35.4 billion | Consolidated |
| Employee benefit expenses sgaifrs | ¥16.1 billion | Consolidated |
| Total transactions with owners IFRS | ¥1.4 billion | Consolidated |
| Net cash provided by (used in) investing activities (IFRS) | ¥-29.2 billion | Consolidated |
| Commission fees | ¥27.5 billion | Consolidated |
| Issuance of new shares ssifrs | ¥42.00 million | Consolidated |
| Share-based payment transactions | ¥1.4 billion | Consolidated |
| Business consignment expenses | ¥11.7 billion | Consolidated |
| Income tax expense IFRS | ¥8.8 billion | Consolidated |
| Depreciation and amortization | ¥2.9 billion | Consolidated |
| Depreciation and amortization | ¥1.3 billion | Consolidated |
| Impairment loss | ¥0.3 billion | Consolidated |
| Foreign exchange gain IFRS | ¥0.2 billion | Consolidated |
| Net increase decrease in cash and cash equivalents IFRS | ¥37.0 billion | Consolidated |
| Effect of exchange rate changes on cash and cash equivalents IFRS | ¥2.3 billion | Consolidated |
| Profit loss before tax IFRS | ¥44.2 billion | Consolidated |
| Profit loss before tax IFRS | ¥44.2 billion | Consolidated |
| Profit loss before tax IFRS | ¥44.2 billion | Consolidated |
| Purchase of treasury stock | ¥-1.00 million | Consolidated |
| Comprehensive income attributable to owners of parent IFRS | ¥36.4 billion | Consolidated |
| Loss on litigation IFRS | ¥0.4 billion | Consolidated |
| Net cash provided by (used in) financing activities (IFRS) | ¥73.5 billion | Consolidated |
| Selling general and administrative expenses IFRS | ¥124.7 billion | Consolidated |
| Selling general and administrative expenses IFRS | ¥124.7 billion | Consolidated |
| Provision for doubtful accounts IFRS | ¥17.5 billion | Consolidated |
| Finance income IFRS | ¥1.3 billion | Consolidated |
| Finance income IFRS | ¥1.3 billion | Consolidated |
| Finance income IFRS | ¥1.3 billion | Consolidated |
| Finance costs IFRS | ¥1.0 billion | Consolidated |
| Finance costs IFRS | ¥1.0 billion | Consolidated |
| Finance costs IFRS | ¥1.0 billion | Consolidated |
| Profit loss attributable to non controlling interests IFRS | ¥27.00 million | Consolidated |
| Comprehensive income attributable to non controlling interests IFRS | ¥26.00 million | Consolidated |
| Other | ¥72.00 million | Parent only |
| Other | ¥16.00 million | Parent only |
| Provision for point card certificates | ¥0.5 billion | Parent only |
| Office transfer expenses | ¥0.4 billion | Parent only |
| Interest income | ¥0.4 billion | Parent only |
| Operating income | ¥32.0 billion | Parent only |
| Non-operating income | ¥0.8 billion | Parent only |
| Non-operating expenses | ¥0.4 billion | Parent only |
| Cost of sales | ¥18.9 billion | Parent only |
| Gross profit (loss) | ¥111.1 billion | Parent only |
| Net sales | ¥130.0 billion | Parent only |
| Advertising expenses | ¥27.6 billion | Parent only |
| Net income (loss) | ¥21.8 billion | Parent only |
| Net income (loss) | ¥21.8 billion | Parent only |
| Gain on sales of investment securities | ¥41.00 million | Parent only |
| Loss on valuation of investment securities | ¥0.1 billion | Parent only |
| Interest expenses | ¥0.4 billion | Parent only |
| Commission fees | ¥30.1 billion | Parent only |
| Issuance of new shares | ¥2.0 billion | Parent only |
| Gain on reversal of share acquisition rights | ¥5.00 million | Parent only |
| Income taxes - current | ¥11.1 billion | Parent only |
| Income taxes | ¥10.2 billion | Parent only |
| Income taxes - deferred | ¥-1.0 billion | Parent only |
| Depreciation | ¥0.2 billion | Parent only |
| Foreign exchange gains | ¥0.1 billion | Parent only |
| Extraordinary income | ¥46.00 million | Parent only |
| Extraordinary loss | ¥0.5 billion | Parent only |
| Income (loss) before income taxes | ¥32.0 billion | Parent only |
| Ordinary income | ¥32.4 billion | Parent only |
| Purchase of treasury stock | ¥-1.00 million | Parent only |
| Selling, general and administrative expenses | ¥79.0 billion | Parent only |
| Provision for bonuses | ¥0.7 billion | Parent only |
Statement of cash flows (24 items)
| Item | Value | Consolidated / Non-consolidated |
|---|---|---|
| Other | ¥28.00 million | Consolidated |
| Other | ¥0.2 billion | Consolidated |
| Other | ¥-7.6 billion | Consolidated |
| Repayments of lease obligations | ¥-1.6 billion | Consolidated |
| Interest received | ¥0.6 billion | Consolidated |
| Interest paid ope cfifrs | ¥-0.5 billion | Consolidated |
| Interest and dividend income | ¥-1.3 billion | Consolidated |
| Increase (decrease) in trade and other payables | ¥4.4 billion | Consolidated |
| Decrease (increase) in trade and other receivables | ¥-108.7 billion | Consolidated |
| Proceeds from withdrawal of time deposits inv cfifrs | ¥20.0 billion | Consolidated |
| Payments into time deposits inv cfifrs | ¥-40.0 billion | Consolidated |
| Subtotal | ¥-73.5 billion | Consolidated |
| Purchase of investment securities inv cfifrs | ¥-4.3 billion | Consolidated |
| Interest expenses | ¥0.6 billion | Consolidated |
| Payments for leasehold deposits and guarantee deposits inv cfifrs | ¥-86.00 million | Consolidated |
| Purchase of property plant and equipment inv cfifrs | ¥-1.4 billion | Consolidated |
| Proceeds from issuance of shares fin cfifrs | ¥14.00 million | Consolidated |
| Income taxes paid ope cfifrs | ¥-5.2 billion | Consolidated |
| Income taxes refund ope cfifrs | ¥2.6 billion | Consolidated |
| Depreciation and amortization | ¥2.9 billion | Consolidated |
| Purchase of intangible assets inv cfifrs | ¥-3.7 billion | Consolidated |
| Decrease/increase in short-term loans payable | ¥52.0 billion | Consolidated |
| Redemption of bonds and repayments of long term borrowings fin cfifrs | ¥-32.8 billion | Consolidated |
| Proceeds from issuance of bonds and long term borrowings fin cfifrs | ¥55.9 billion | Consolidated |
Statement of changes in equity (2 items)
| Item | Value | Consolidated / Non-consolidated |
|---|---|---|
| Total changes during the period | ¥23.5 billion | Parent only |
| Net changes in items other than shareholders' equity | ¥-0.3 billion | Parent only |
Basic indicators
| Item | Value | Consolidated / Non-consolidated | Source |
|---|---|---|---|
| Net cash provided by (used in) operating activities | ¥-9.5 billion | Consolidated | Disclosed |
| Number of employees | 2,065 | Consolidated | Disclosed |
| Net assets | ¥137.5 billion | Consolidated | Disclosed |
| Net sales | ¥229.3 billion | Consolidated | Disclosed |
| Operating income | ¥43.9 billion | Consolidated | Disclosed |
| Ordinary income | ¥32.4 billion | Parent only | Disclosed |
| Net income | ¥35.4 billion | Consolidated | Disclosed |
| Total assets | ¥726.6 billion | Consolidated | Disclosed |
| Operating margin | 19.1% | Consolidated | Calculated |
| Net margin | 15.4% | Consolidated | Calculated |
| Sales per employee | 111037772 yen | Consolidated | Calculated |
| Total asset turnover | 0.32 times | Consolidated | Calculated |
| Net assets to total assets | 18.9% | Consolidated | Calculated |