I would like to begin by expressing my sincerest appreciation for the strong and constant support received from you, our shareholders. Mercari’s mission is to “create value in a global marketplace where anyone can buy & sell.” Everyone has clothes lying unused in their homes and things which they throw away once they no longer find value in them, but we believe that we can create new value by delivering these things to the people who need them. We aim to develop this kind of marketplace globally.
Since the very beginning, we have always invested in people and technology as a tech company and provided services that enable anyone to enjoy simple and safe buying and selling. As a result, we are growing as a presence that can shape consumer trends, such as buying new items with the intention of selling them through Mercari. We are also working to expand the Mercari ecosystem, and in February 2019, we launched Merpay, a mobile payment service built upon the technological capabilities and user base we have cultivated through Mercari. Furthermore, in order to grow into a service used globally going forward, we will approach our role as a public platform for society, through actions such as strengthening governance in addition to the efforts toward realizing a circular economy that we have been engaging in through our business since our founding, in a sincere and forward-looking manner.
Going forward, we will continue to aim for large growth in the medium to long term rather than short-term profitability. To realize this, we will strive for further business expansion and to increase our enterprise value by taking on bold challenges. I thank you in advance for your continued support and encouragement.