Message from the CEO

A Message to Our Shareholders:
In the fiscal year ended June 2024, we further strengthened the profitability of our Japan Region businesses, centered on Marketplace/Fintech. We firmly promoted management that consciously balanced growth and profitability while taking on bold challenges in anticipation of the future, such as by releasing new services. In the 16 months since Mercard was launched in November 2022, we have issued just over 3 million cards. The foundation is being built for creating group synergy, with the bitcoin trading service on Mercari becoming No. 1 in the bitcoin trading industry in terms of new cryptoasset accounts opened in the past year. Mercari Hallo, a new business that we anticipate will support steady future growth, had a smooth launch in March 2024, reaching 5 million registered users in its first three months of service. However, there is still work for us to do on the growth of the business. The GMV growth rate of Marketplace fell below the target we set for the full year, and in our US business, we were unable to achieve our goal of getting back on track for growth.
Mercari Group’s mission is “Circulate all forms of value to unleash the potential in all people.” I believe that by circulating all forms of value, not just physical goods and money, we can create opportunities for anyone to realize their dreams and contribute to society and the people around them. Moreover, I would like Mercari to become a company that unleashes the potential in all people around the world. In addition to the stable growth of our existing businesses, we will realize strong growth as a group by continuing to take on bold challenges for several new and strengthened areas that are showing growth potential and by coming together as one to improve our corporate value in the mid-to-long term. We will move forward with developing our organization by creating a borderless organization where talent from all over the world can thrive, as well as by strengthening our corporate governance.
To that end, we ask you, our shareholders, for your continued support and encouragement.