We fulfill our responsibilities as a public entity and build public trust by establishing a robust and highly transparent decision-making process, and through more effective corporate governance and thorough compliance.
We contribute to the realization of healthy internet services around the world by achieving a safe, secure, and fair transaction environment, and also by educating and sharing information throughout the industry.
Mercari carried out various initiatives to provide an environment for safe, secure, and fair transactions for our users. We significantly enhanced our governance structure by transitioning to a Company with Three Committees, which is a global standard. In addition, we joined the FIDO Alliance and strengthened our anti-fraud measures to reduce the monetary impact coming from fraudulent usage of our services. We also worked to form more partnerships with local governments and primary distributors.
In order to further strengthen our corporate governance, we separated supervisory and executive functions of the company to clarify their roles, and built a structure that realizes the timely and resolute decision-making and business promotion of the executive function while strengthening the supervisory function of the Board of Directors. Furthermore, in order to achieve highly transparent and effective supervision, we established a Board of Directors comprising diverse directors together with a Nomination Committee, Compensation Committee, and Audit Committee for which the majority of members are independent Outside Directors. We also put systems in place to clarify the selection process for Board of Directors candidates, ensure objectivity in deciding the compensation of executives, and strengthen collaboration between the Audit Committee and internal audit division.
Mercari maintains an internal control system and risk management structure based on the “Basic Policy for Establishing Internal Control Systems” defined by the Board of Directors.
In order to ensure that business is executed with the appropriate controls and appropriate risk-taking, the Board of Directors establishes policies such as a Basic Policy for Establishing Internal Control Systems, a Basic Compliance Policy, and a Basic Risk Management Policy. In addition to appropriately establishing internal controls and a risk management structure, the Board of Directors also regularly or as necessary receives reports regarding important compliance and risk management matters and provides supervision to ensure that such controls and structures function effectively.
As part of our security initiatives, we are committed to following our Information Security Policy to ensure that users can feel at ease using our services. To that end, we operate information security management based on ISO/IEC 27001.
In order to drive information security measures encompassing the entire company, Mercari Group has established an Information Security/System Risk Committee with the CEO as the person ultimately responsible for information security. We also assign a person responsible for information management in each of our subsidiary companies to ensure appropriate decision-making regarding relevant policies. Through this, we have built an organization that can carry out information security measures swiftly.
Furthermore, we deliver orientation training when new employees join the company, once a year we implement information security training for all employees as well as secure coding training for engineers. In addition to giving explanations of Mercari’s rules and best practices regarding information security, employees are encouraged to execute their work while maintaining a constant awareness of information security risks and to report potential security incidents promptly. The completion rate of our March 2023 training was approximately 90%.
Mercari is aware of the great responsibility involved in acquiring and handling customer information and observes various rules, ordinances, and guidelines including the Act on the Protection of Personal Information. Mercari Group has a team dedicated to protecting user information and respecting user privacy. We have internal rules and systems in place to ensure that we handle user information with the utmost respect for privacy. We also make decisions involving user privacy very carefully, considering not just legality, but also social standards and whether we believe the decision is truly acceptable. We also carry out internal training and information/knowledge sharing to ensure appropriate handling of user information. We work continuously to make sure our user privacy protection systems are effective and suited to a constantly-changing society.
Our customer service team works 24/7 to make sure any listings or accounts that violate our terms of service are removed as soon as possible, before they are seen by our users.
We analyze the reports we receive from our users to find ways to prevent the same issue or similar suspicious activity from happening in the future.
We have entered into agreements and partnerships with about 50 local governments.
Mercari provides a service called Mercari Donation, where users can donate their sales balance to an organization such as a local government of their choosing.
The Kashima Antlers is aiming to develop the city of Kashima and create a circular economy together with city residents, its partner companies, and soccer fans.
We use a fraud detection system to identify fraudulent transactions and prevent them before damage is done. By combining big data with AI technology, we continuously improve the accuracy of our detection systems.
Mercari uses an escrow system for all transactions. We hold on to funds during the transaction, ensuring both parties hold up their end of the deal before money changes hands.
With Mercari’s original shipping methods, RakuRaku Mercari Shipping and YuYu Mercari Shipping, sellers can ship items without either party needing to see the other’s name and address. Mercari also provides support if items are lost or damaged during shipping.
Circulate all forms of value to unleash the potential in all people