Message from the CEO

A Message to Our Shareholders:
In the fiscal year ended June 2025, we operated our business under basic policies aiming for top-line growth that will lead to increased profits and expand businesses centered around Group synergy. As a result, the profitability of all three of our major businesses increased, with our US business achieving fullyear profitability for the first time. This marked a strong first year for our mid-term plan, with results significantly exceeding our growth targets for core operating profit. Furthermore, Group synergy expanded by leveraging Mercari’s user base, with such things as GMV from crossborder transactions exceeding 90.0B JPY and the number of Mercards issued surpassing 5.0 million. At the same time, we planted seeds for future synergy by launching new services such as Mercari Mobile and Mercari NFT.

On the other hand, some challenges have also become clear. In addition to the GMV growth rates for the Marketplace and the US businesses falling below their full-year targets, we are still only partway toward establishing our position as a truly safe and secure marketplace.

Mercari Group operates under its mission “Circulate all forms of value to unleash the potential in all people.” We believe that by circulating all forms of value, not just physical things and money, we can create opportunities for anyone to realize their dreams and contribute to society and the people around them. Furthermore, we want to be a company that unleashes the potential of people around the world.

In the fiscal year ending June 2026, we will build our organizational foundation as an AI-Native company, realizing strong growth as a group through the expansion of our business centered on strengthening the core product experience and Group synergy. We will remain diligent as a unified Group to improve our mid- to long-term corporate value.

Going forward, we ask you, our shareholders, for your continued support and encouragement.