Financials

Mercari: FYE Jun 2026 and ten years of results (52 metrics)

FYE Jun 2026 · Revenue¥229bnYoY +19.0%

FYE Jun 2026 · Operating profit¥44bnYoY +57.7%

FYE Jun 2026 · Net profit¥35bnYoY +35.6%

FYE Jun 2026 · Equity ratio18.9%YoY +0.7pp

FYE Jun 2026 · Group employees2,065YoY −94

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Jun 2017Consolidated	¥22bn	n/a	-¥2.8bn	n/a	-12.6%	-¥4.2bn	Koizumi Fumiaki	Cash listings prompt an FSA warning; the items are banned in April
FYE Jun 2018Consolidated	¥36bn	+62.0%	-¥4.4bn	n/a	-12.4%	-¥7.0bn	Koizumi Fumiaki	Listed on TSE Mothers on 19 June, raising more than <span class="en-history_money" data-yen="60000000000" data-year="2018">$543.5M (¥60bn)</span>
FYE Jun 2019Consolidated	¥52bn	+44.5%	-¥12bn	n/a	-23.5%	-¥14bn	Koizumi Fumiaki	The Merpay smartphone payment service launches in February
FYE Jun 2020Consolidated	¥76bn	+47.6%	-¥19bn	n/a	-25.3%	-¥23bn	Yamada Shintaro	A business tie-up with NTT Docomo begins in February
FYE Jun 2021Consolidated	¥106bn	+39.1%	¥5.2bn	n/a	4.9%	¥5.7bn	Yamada Shintaro	Mercoin established in April as a domestic subsidiary
FYE Jun 2022Consolidated	¥147bn	+38.6%	-¥3.7bn	−171.7%	-2.5%	-¥7.6bn	Yamada Shintaro	Moved to the TSE Prime market in June on the segment restructuring
FYE Jun 2023Consolidated	¥172bn	+17.0%	¥16bn	n/a	9.5%	¥13bn	Yamada Shintaro	Bitcoin trading with Mercari proceeds begins at Mercoin in March
FYE Jun 2024Consolidated	¥187bn	+8.9%	¥17bn	+6.7%	9.3%	¥14bn	Yamada Shintaro	<em>Mercari Hallo</em> launches in March; <em>Eco Mercari Bin</em> on the 28th
FYE Jun 2025Consolidated	¥193bn	+2.8%	¥28bn	+59.2%	14.5%	¥26bn	Yamada Shintaro	—
FYE Jun 2026Consolidated	¥229bn	+19.0%	¥44bn	+57.7%	19.1%	¥35bn	Yamada Shintaro	—

How it compares

SoftBank Group¥7.80tnFY2025Operating margin 78.7%Rakuten Group¥2.50tnFY2025Operating margin 0.6%LY Corporation¥2.04tnFY2025Operating margin 16.8%CyberAgent¥874bnFY2025Operating margin 8.2%U-NEXT HOLDINGS¥390bnFY2025Operating margin 8.1%M3¥351bnFY2025Operating margin 20.9%MonotaRO¥334bnFY2025Operating margin 13.8%

Mercari¥229bnFY2026Operating margin 19.1%

ZOZO¥228bnFY2025Operating margin 30.4%

LINE CorporationDelisted 2020

Income statement Revenue, costs, each level of profit and the margins they leave

Where the revenue goes

¥ bn

Cost of sales SG&A Other operating costs Operating profit

Margins

Gross margin Operating margin Ordinary margin Net margin

Revenue net sales, operating revenue

FYE Jun 2026 ¥229bn

CAGR · 10 yrs +29.7%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Jun 2017	22.1	n/a	Cons. · Japanese GAAP
FYE Jun 2018	35.8	+62.0%	Cons. · Japanese GAAP
FYE Jun 2019	51.7	+44.5%	Cons. · Japanese GAAP
FYE Jun 2020	76.3	+47.6%	Cons. · Japanese GAAP
FYE Jun 2021	106	+39.1%	Cons. · Japanese GAAP
FYE Jun 2022	147	+38.6%	Cons. · Japanese GAAP
FYE Jun 2023	172	+17.0%	Cons. · Japanese GAAP
FYE Jun 2024	187	moved to IFRS	Cons. · IFRS
FYE Jun 2025	193	+2.8%	Cons. · IFRS
FYE Jun 2026	229	+19.0%	Cons. · IFRS

Definition: Everything the company took in from its own business
Formula: Revenue line of the income statement
Source: Securities report (XBRL)

Cost of sales

FYE Jun 2026 ¥60bn

CAGR · 10 yrs +41.1%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Jun 2017	2.7	n/a	Cons. · Japanese GAAP
FYE Jun 2018	6.8	+150.2%	Cons. · Japanese GAAP
FYE Jun 2019	12.9	+89.0%	Cons. · Japanese GAAP
FYE Jun 2020	20.7	+60.6%	Cons. · Japanese GAAP
FYE Jun 2021	24.3	+17.7%	Cons. · Japanese GAAP
FYE Jun 2022	51.9	+113.5%	Cons. · Japanese GAAP
FYE Jun 2023	58.0	+11.8%	Cons. · Japanese GAAP
FYE Jun 2024	57.7	moved to IFRS	Cons. · IFRS
FYE Jun 2025	54.4	−5.7%	Cons. · IFRS
FYE Jun 2026	60.4	+11.1%	Cons. · IFRS

Definition: The cost of what was sold
Formula: Cost of sales line of the income statement
Source: Securities report (XBRL)

Gross profit

FYE Jun 2026 ¥169bn

CAGR · 10 yrs +27.2%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Jun 2017	19.4	n/a	Cons. · Japanese GAAP
FYE Jun 2018	29.0	+49.7%	Cons. · Japanese GAAP
FYE Jun 2019	38.8	+34.0%	Cons. · Japanese GAAP
FYE Jun 2020	55.6	+43.3%	Cons. · Japanese GAAP
FYE Jun 2021	81.8	+47.1%	Cons. · Japanese GAAP
FYE Jun 2022	95.1	+16.3%	Cons. · Japanese GAAP
FYE Jun 2023	114	+19.8%	Cons. · Japanese GAAP
FYE Jun 2024	130	moved to IFRS	Cons. · IFRS
FYE Jun 2025	138	+6.6%	Cons. · IFRS
FYE Jun 2026	169	+22.2%	Cons. · IFRS

Definition: What the product or service itself earns
Formula: Revenue − cost of sales
Source: Securities report (XBRL)

SG&A selling, general and administrative expenses

FYE Jun 2026 ¥125bn

CAGR · 10 yrs +21.2%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Jun 2017	22.1	n/a	Cons. · Japanese GAAP
FYE Jun 2018	33.4	+50.9%	Cons. · Japanese GAAP
FYE Jun 2019	51.0	+52.7%	Cons. · Japanese GAAP
FYE Jun 2020	74.9	+47.0%	Cons. · Japanese GAAP
FYE Jun 2021	76.6	+2.3%	Cons. · Japanese GAAP
FYE Jun 2022	98.9	+29.0%	Cons. · Japanese GAAP
FYE Jun 2023	97.2	−1.6%	Cons. · Japanese GAAP
FYE Jun 2024	111	moved to IFRS	Cons. · IFRS
FYE Jun 2025	111	−0.2%	Cons. · IFRS
FYE Jun 2026	125	+12.7%	Cons. · IFRS

Definition: The cost of selling and of running the company
Formula: SG&A line of the income statement
Source: Securities report (XBRL)

Operating profit

FYE Jun 2026 ¥44bn

Average · 10 yrs ¥6.8bn

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Jun 2017	-2.8	n/a	Cons. · Japanese GAAP
FYE Jun 2018	-4.4	n/a	Cons. · Japanese GAAP
FYE Jun 2019	-12.1	n/a	Cons. · Japanese GAAP
FYE Jun 2020	-19.3	n/a	Cons. · Japanese GAAP
FYE Jun 2021	5.2	n/a	Cons. · Japanese GAAP
FYE Jun 2022	-3.7	−171.7%	Cons. · Japanese GAAP
FYE Jun 2023	16.4	n/a	Cons. · Japanese GAAP
FYE Jun 2024	17.5	moved to IFRS	Cons. · IFRS
FYE Jun 2025	27.8	+59.2%	Cons. · IFRS
FYE Jun 2026	43.9	+57.7%	Cons. · IFRS

Definition: What the core business earns
Formula: Gross profit − SG&A
Source: Securities report (XBRL)

Non-operating income

FYE Jun 2026 ¥1.3bn

CAGR · 10 yrs +53.6%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Jun 2017	0.0	n/a	Cons. · Japanese GAAP
FYE Jun 2018	0.0	+37.0%	Cons. · Japanese GAAP
FYE Jun 2019	0.1	+145.9%	Cons. · Japanese GAAP
FYE Jun 2020	0.2	+131.9%	Cons. · Japanese GAAP
FYE Jun 2021	0.2	−16.1%	Cons. · Japanese GAAP
FYE Jun 2022	0.1	−37.9%	Cons. · Japanese GAAP
FYE Jun 2023	0.5	+355.5%	Cons. · Japanese GAAP
FYE Jun 2024	0.9	moved to IFRS	Cons. · IFRS
FYE Jun 2025	1.9	+118.6%	Cons. · IFRS
FYE Jun 2026	1.3	−34.0%	Cons. · IFRS

Definition: Income from outside the core business
Formula: Non-operating income line of the income statement
Source: Securities report (XBRL)

Non-operating expenses

FYE Jun 2026 ¥1.0bn

CAGR · 10 yrs +47.1%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Jun 2017	0.0	n/a	Cons. · Japanese GAAP
FYE Jun 2018	0.4	+1045.2%	Cons. · Japanese GAAP
FYE Jun 2019	0.1	−68.5%	Cons. · Japanese GAAP
FYE Jun 2020	0.3	+163.4%	Cons. · Japanese GAAP
FYE Jun 2021	0.4	+31.2%	Cons. · Japanese GAAP
FYE Jun 2022	0.3	−25.1%	Cons. · Japanese GAAP
FYE Jun 2023	0.5	+70.0%	Cons. · Japanese GAAP
FYE Jun 2024	0.5	moved to IFRS	Cons. · IFRS
FYE Jun 2025	0.7	+36.9%	Cons. · IFRS
FYE Jun 2026	1.0	+50.0%	Cons. · IFRS

Definition: Costs arising outside the core business
Formula: Non-operating expenses line of the income statement
Source: Securities report (XBRL)

Ordinary profit keijo rieki

FYE Jun 2026 n/a

Average · 7 yrs -¥2.9bn

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Jun 2017	-2.8	n/a	Cons. · Japanese GAAP
FYE Jun 2018	-4.7	n/a	Cons. · Japanese GAAP
FYE Jun 2019	-12.2	n/a	Cons. · Japanese GAAP
FYE Jun 2020	-19.3	n/a	Cons. · Japanese GAAP
FYE Jun 2021	4.9	n/a	Cons. · Japanese GAAP
FYE Jun 2022	-3.8	−177.6%	Cons. · Japanese GAAP
FYE Jun 2023	17.4	n/a	Cons. · Japanese GAAP
FYE Jun 2024	n/a	moved to IFRS	Cons. · IFRS
FYE Jun 2025	n/a	n/a	Cons. · IFRS
FYE Jun 2026	n/a	n/a	Cons. · IFRS

Definition: A level of profit that exists only under Japanese GAAP
Formula: Operating profit + non-operating income − non-operating expenses
Source: Securities report (XBRL)

Extraordinary income

FYE Jun 2026 n/a

CAGR · 3 yrs −98.3%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Jun 2017	n/a	n/a	Cons. · Japanese GAAP
FYE Jun 2018	n/a	n/a	Cons. · Japanese GAAP
FYE Jun 2019	n/a	n/a	Cons. · Japanese GAAP
FYE Jun 2020	n/a	n/a	Cons. · Japanese GAAP
FYE Jun 2021	7.0	n/a	Cons. · Japanese GAAP
FYE Jun 2022	0.0	−99.5%	Cons. · Japanese GAAP
FYE Jun 2023	0.0	−93.7%	Cons. · Japanese GAAP
FYE Jun 2024	n/a	moved to IFRS	Cons. · IFRS
FYE Jun 2025	n/a	n/a	Cons. · IFRS
FYE Jun 2026	n/a	n/a	Cons. · IFRS

Definition: One-off gains, such as an asset sale
Formula: Extraordinary income line of the income statement
Source: Securities report (XBRL)

Extraordinary loss

FYE Jun 2026 n/a

CAGR · 6 yrs +33.9%

Fiscal year	Extraordinary loss ¥ bn	YoY	Basis
FYE Jun 2017	0.2	n/a	Cons. · Japanese GAAP
FYE Jun 2018	0.2	−21.9%	Cons. · Japanese GAAP
FYE Jun 2019	0.4	+105.2%	Cons. · Japanese GAAP
FYE Jun 2020	n/a	n/a	Cons. · Japanese GAAP
FYE Jun 2021	0.1	n/a	Cons. · Japanese GAAP
FYE Jun 2022	0.1	+22.0%	Cons. · Japanese GAAP
FYE Jun 2023	1.1	+699.2%	Cons. · Japanese GAAP
FYE Jun 2024	n/a	moved to IFRS	Cons. · IFRS
FYE Jun 2025	n/a	n/a	Cons. · IFRS
FYE Jun 2026	n/a	n/a	Cons. · IFRS

Definition: One-off losses, such as an impairment or a restructuring charge
Formula: Extraordinary loss line of the income statement
Source: Securities report (XBRL)

Net profit profit attributable to owners of the parent

FYE Jun 2026 ¥35bn

Average · 10 yrs ¥3.9bn

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Jun 2017	-4.2	n/a	Cons. · Japanese GAAP
FYE Jun 2018	-7.0	n/a	Cons. · Japanese GAAP
FYE Jun 2019	-13.8	n/a	Cons. · Japanese GAAP
FYE Jun 2020	-22.8	n/a	Cons. · Japanese GAAP
FYE Jun 2021	5.7	n/a	Cons. · Japanese GAAP
FYE Jun 2022	-7.6	−232.3%	Cons. · Japanese GAAP
FYE Jun 2023	13.1	n/a	Cons. · Japanese GAAP
FYE Jun 2024	14.4	moved to IFRS	Cons. · IFRS
FYE Jun 2025	26.1	+81.9%	Cons. · IFRS
FYE Jun 2026	35.4	+35.6%	Cons. · IFRS

Definition: What is left after tax
Formula: Pre-tax profit − income taxes
Source: Securities report (XBRL)

Gross margin

FYE Jun 2026 73.7%

Average · 10 yrs 73.9%

Fiscal year	Gross margin %	YoY	Basis
FYE Jun 2017	87.7	n/a	Cons. · Japanese GAAP
FYE Jun 2018	81.0	−6.7pp	Cons. · Japanese GAAP
FYE Jun 2019	75.1	−5.9pp	Cons. · Japanese GAAP
FYE Jun 2020	72.9	−2.2pp	Cons. · Japanese GAAP
FYE Jun 2021	77.1	+4.2pp	Cons. · Japanese GAAP
FYE Jun 2022	64.7	−12.4pp	Cons. · Japanese GAAP
FYE Jun 2023	66.2	+1.5pp	Cons. · Japanese GAAP
FYE Jun 2024	69.2	moved to IFRS	Cons. · IFRS
FYE Jun 2025	71.8	+2.6pp	Cons. · IFRS
FYE Jun 2026	73.7	+1.9pp	Cons. · IFRS

Definition: The share of revenue left after the cost of sales
Formula: Gross profit ÷ revenue
Source: Securities report (XBRL)

Operating margin

FYE Jun 2026 19.1%

Average · 10 yrs -1.9%

Fiscal year	Operating margin %	YoY	Basis
FYE Jun 2017	-12.6	n/a	Cons. · Japanese GAAP
FYE Jun 2018	-12.4	+0.2pp	Cons. · Japanese GAAP
FYE Jun 2019	-23.5	−11.1pp	Cons. · Japanese GAAP
FYE Jun 2020	-25.3	−1.8pp	Cons. · Japanese GAAP
FYE Jun 2021	4.9	+30.2pp	Cons. · Japanese GAAP
FYE Jun 2022	-2.5	−7.4pp	Cons. · Japanese GAAP
FYE Jun 2023	9.5	+12.0pp	Cons. · Japanese GAAP
FYE Jun 2024	9.3	moved to IFRS	Cons. · IFRS
FYE Jun 2025	14.5	+5.1pp	Cons. · IFRS
FYE Jun 2026	19.1	+4.7pp	Cons. · IFRS

Definition: The share of revenue the core business keeps
Formula: Operating profit ÷ revenue
Source: Securities report (XBRL)

Ordinary margin

FYE Jun 2026 n/a

Average · 7 yrs -8.9%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Jun 2017	-12.6	n/a	Cons. · Japanese GAAP
FYE Jun 2018	-13.3	−0.7pp	Cons. · Japanese GAAP
FYE Jun 2019	-23.5	−10.3pp	Cons. · Japanese GAAP
FYE Jun 2020	-25.3	−1.8pp	Cons. · Japanese GAAP
FYE Jun 2021	4.6	+29.9pp	Cons. · Japanese GAAP
FYE Jun 2022	-2.6	−7.2pp	Cons. · Japanese GAAP
FYE Jun 2023	10.1	+12.7pp	Cons. · Japanese GAAP
FYE Jun 2024	n/a	moved to IFRS	Cons. · IFRS
FYE Jun 2025	n/a	n/a	Cons. · IFRS
FYE Jun 2026	n/a	n/a	Cons. · IFRS

Definition: The share of revenue left at the ordinary-profit line
Formula: Ordinary profit ÷ revenue
Source: Securities report (XBRL)

Net margin

FYE Jun 2026 15.4%

Average · 10 yrs -5.1%

Fiscal year	Net margin %	YoY	Basis
FYE Jun 2017	-19.1	n/a	Cons. · Japanese GAAP
FYE Jun 2018	-19.7	−0.6pp	Cons. · Japanese GAAP
FYE Jun 2019	-26.6	−6.9pp	Cons. · Japanese GAAP
FYE Jun 2020	-29.9	−3.2pp	Cons. · Japanese GAAP
FYE Jun 2021	5.4	+35.2pp	Cons. · Japanese GAAP
FYE Jun 2022	-5.1	−10.5pp	Cons. · Japanese GAAP
FYE Jun 2023	7.6	+12.7pp	Cons. · Japanese GAAP
FYE Jun 2024	7.7	moved to IFRS	Cons. · IFRS
FYE Jun 2025	13.6	+5.9pp	Cons. · IFRS
FYE Jun 2026	15.4	+1.9pp	Cons. · IFRS

Definition: The share of revenue left after everything
Formula: Net profit ÷ revenue
Source: Securities report (XBRL)

Cost-of-sales ratio

FYE Jun 2026 26.3%

Average · 10 yrs 26.1%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Jun 2017	12.3	n/a	Cons. · Japanese GAAP
FYE Jun 2018	19.0	+6.7pp	Cons. · Japanese GAAP
FYE Jun 2019	24.9	+5.9pp	Cons. · Japanese GAAP
FYE Jun 2020	27.1	+2.2pp	Cons. · Japanese GAAP
FYE Jun 2021	22.9	−4.2pp	Cons. · Japanese GAAP
FYE Jun 2022	35.3	+12.4pp	Cons. · Japanese GAAP
FYE Jun 2023	33.7	−1.6pp	Cons. · Japanese GAAP
FYE Jun 2024	30.8	moved to IFRS	Cons. · IFRS
FYE Jun 2025	28.2	−2.5pp	Cons. · IFRS
FYE Jun 2026	26.3	−1.9pp	Cons. · IFRS

Definition: The share of revenue taken by the cost of sales
Formula: Cost of sales ÷ revenue
Source: Securities report (XBRL)

SG&A ratio

FYE Jun 2026 54.4%

Average · 10 yrs 75.7%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Jun 2017	100.2	n/a	Cons. · Japanese GAAP
FYE Jun 2018	93.3	−6.9pp	Cons. · Japanese GAAP
FYE Jun 2019	98.6	+5.3pp	Cons. · Japanese GAAP
FYE Jun 2020	98.2	−0.4pp	Cons. · Japanese GAAP
FYE Jun 2021	72.2	−26.0pp	Cons. · Japanese GAAP
FYE Jun 2022	67.2	−5.0pp	Cons. · Japanese GAAP
FYE Jun 2023	56.5	−10.7pp	Cons. · Japanese GAAP
FYE Jun 2024	59.1	moved to IFRS	Cons. · IFRS
FYE Jun 2025	57.5	−1.7pp	Cons. · IFRS
FYE Jun 2026	54.4	−3.1pp	Cons. · IFRS

Definition: The share of revenue taken by selling and administrative costs
Formula: SG&A ÷ revenue
Source: Securities report (XBRL)

Balance sheet Assets, debt and equity, and what they say about financial strength

What the balance sheet is made of

¥ bn

Equity Liabilities and non-controlling interests

Financial strength

Equity ratio Debt-to-equity

Total assets

FYE Jun 2026 ¥727bn

CAGR · 10 yrs +33.4%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Jun 2017	54.5	n/a	Cons. · Japanese GAAP
FYE Jun 2018	118	+116.1%	Cons. · Japanese GAAP
FYE Jun 2019	164	+39.0%	Cons. · Japanese GAAP
FYE Jun 2020	198	+21.0%	Cons. · Japanese GAAP
FYE Jun 2021	263	+32.6%	Cons. · Japanese GAAP
FYE Jun 2022	340	+29.5%	Cons. · Japanese GAAP
FYE Jun 2023	415	+22.2%	Cons. · Japanese GAAP
FYE Jun 2024	512	moved to IFRS	Cons. · IFRS
FYE Jun 2025	544	+6.2%	Cons. · IFRS
FYE Jun 2026	727	+33.6%	Cons. · IFRS

Definition: Everything the company holds
Formula: Total assets line of the balance sheet
Source: Securities report (XBRL)

Equity net assets, shareholders' equity

FYE Jun 2026 ¥137bn

CAGR · 10 yrs +46.5%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Jun 2017	4.4	n/a	Cons. · Japanese GAAP
FYE Jun 2018	54.4	+1132.4%	Cons. · Japanese GAAP
FYE Jun 2019	50.9	−6.4%	Cons. · Japanese GAAP
FYE Jun 2020	34.8	−31.7%	Cons. · Japanese GAAP
FYE Jun 2021	39.6	+13.9%	Cons. · Japanese GAAP
FYE Jun 2022	37.7	−4.9%	Cons. · Japanese GAAP
FYE Jun 2023	54.9	+45.7%	Cons. · Japanese GAAP
FYE Jun 2024	72.7	moved to IFRS	Cons. · IFRS
FYE Jun 2025	98.9	+36.1%	Cons. · IFRS
FYE Jun 2026	137	+38.6%	Cons. · IFRS

Definition: The part of the funding that never has to be repaid
Formula: Net assets line of the balance sheet
Source: Securities report (XBRL)

Interest-bearing debt

FYE Jun 2026 ¥266bn

CAGR · 10 yrs +36.3%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Jun 2017	16.4	n/a	Cons. · Japanese GAAP
FYE Jun 2018	20.0	+21.8%	Cons. · Japanese GAAP
FYE Jun 2019	52.7	+164.1%	Cons. · Japanese GAAP
FYE Jun 2020	52.4	−0.5%	Cons. · Japanese GAAP
FYE Jun 2021	35.8	−31.8%	Cons. · Japanese GAAP
FYE Jun 2022	80.0	+123.8%	Cons. · Japanese GAAP
FYE Jun 2023	156	+95.5%	Cons. · Japanese GAAP
FYE Jun 2024	190	moved to IFRS	Cons. · IFRS
FYE Jun 2025	191	+0.5%	Cons. · IFRS
FYE Jun 2026	266	+39.4%	Cons. · IFRS

Definition: Borrowings the company pays interest on
Formula: Loans + bonds + lease obligations
Source: Securities report (XBRL)

Short-term borrowings

FYE Jun 2026 ¥143bn

CAGR · 10 yrs +51.0%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Jun 2017	3.5	n/a	Cons. · Japanese GAAP
FYE Jun 2018	1.0	−71.4%	Cons. · Japanese GAAP
FYE Jun 2019	0.0	−100.0%	Cons. · Japanese GAAP
FYE Jun 2020	0.0	n/a	Cons. · Japanese GAAP
FYE Jun 2021	19.6	n/a	Cons. · Japanese GAAP
FYE Jun 2022	54.3	+176.8%	Cons. · Japanese GAAP
FYE Jun 2023	71.8	+32.4%	Cons. · Japanese GAAP
FYE Jun 2024	65.7	moved to IFRS	Cons. · IFRS
FYE Jun 2025	74.2	+13.0%	Cons. · IFRS
FYE Jun 2026	143	+93.1%	Cons. · IFRS

Definition: Borrowings repayable within a year
Formula: Short-term borrowings line of the balance sheet
Source: Securities report (XBRL)

Long-term borrowings

FYE Jun 2026 ¥123bn

CAGR · 10 yrs +23.1%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Jun 2017	18.9	n/a	Cons. · Japanese GAAP
FYE Jun 2018	28.0	+48.3%	Cons. · Japanese GAAP
FYE Jun 2019	52.7	+88.1%	Cons. · Japanese GAAP
FYE Jun 2020	52.4	−0.5%	Cons. · Japanese GAAP
FYE Jun 2021	51.5	−1.7%	Cons. · Japanese GAAP
FYE Jun 2022	27.1	−47.4%	Cons. · Japanese GAAP
FYE Jun 2023	84.5	+212.0%	Cons. · Japanese GAAP
FYE Jun 2024	124	moved to IFRS	Cons. · IFRS
FYE Jun 2025	117	−6.0%	Cons. · IFRS
FYE Jun 2026	123	+5.3%	Cons. · IFRS

Definition: Borrowings repayable in more than a year
Formula: Long-term borrowings line of the balance sheet
Source: Securities report (XBRL)

Bonds

FYE Jun 2026 n/a

Average · 9 yrs ¥11bn

Fiscal year	Bonds ¥ bn	YoY	Basis
FYE Jun 2017	0.0	n/a	Cons. · Japanese GAAP
FYE Jun 2018	0.0	n/a	Cons. · Japanese GAAP
FYE Jun 2019	0.0	n/a	Cons. · Japanese GAAP
FYE Jun 2020	0.0	n/a	Cons. · Japanese GAAP
FYE Jun 2021	0.1	n/a	Cons. · Japanese GAAP
FYE Jun 2022	50.0	+44945.0%	Cons. · Japanese GAAP
FYE Jun 2023	50.0	−0.0%	Cons. · Japanese GAAP
FYE Jun 2024	0.0	moved to IFRS	Cons. · IFRS
FYE Jun 2025	0.0	n/a	Cons. · IFRS
FYE Jun 2026	n/a	n/a	Cons. · IFRS

Definition: Bonds outstanding
Formula: Bonds line of the balance sheet
Source: Securities report (XBRL)

Intangible assets

FYE Jun 2026 ¥4.1bn

CAGR · 10 yrs +32.5%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Jun 2017	0.3	n/a	Cons. · Japanese GAAP
FYE Jun 2018	0.1	−63.1%	Cons. · Japanese GAAP
FYE Jun 2019	1.1	+800.8%	Cons. · Japanese GAAP
FYE Jun 2020	0.7	−37.2%	Cons. · Japanese GAAP
FYE Jun 2021	0.7	−3.1%	Cons. · Japanese GAAP
FYE Jun 2022	0.7	+1.2%	Cons. · Japanese GAAP
FYE Jun 2023	0.9	+28.4%	Cons. · Japanese GAAP
FYE Jun 2024	0.6	moved to IFRS	Cons. · IFRS
FYE Jun 2025	1.3	+122.8%	Cons. · IFRS
FYE Jun 2026	4.1	+221.9%	Cons. · IFRS

Definition: Assets with no physical form
Formula: Intangible assets line of the balance sheet
Source: Securities report (XBRL)

Goodwill

FYE Jun 2026 n/a

Average · 9 yrs ¥0.1bn

Fiscal year	Goodwill ¥ bn	YoY	Basis
FYE Jun 2017	0.0	n/a	Cons. · Japanese GAAP
FYE Jun 2018	0.1	n/a	Cons. · Japanese GAAP
FYE Jun 2019	1.0	+758.8%	Cons. · Japanese GAAP
FYE Jun 2020	0.0	−100.0%	Cons. · Japanese GAAP
FYE Jun 2021	0.0	n/a	Cons. · Japanese GAAP
FYE Jun 2022	0.0	n/a	Cons. · Japanese GAAP
FYE Jun 2023	0.0	n/a	Cons. · Japanese GAAP
FYE Jun 2024	0.0	moved to IFRS	Cons. · IFRS
FYE Jun 2025	0.0	n/a	Cons. · IFRS
FYE Jun 2026	n/a	n/a	Cons. · IFRS

Definition: What an acquisition cost above the net assets it brought
Formula: Goodwill line of the balance sheet
Source: Securities report (XBRL)

Equity ratio

FYE Jun 2026 18.9%

Average · 10 yrs 19.4%

Fiscal year	Equity ratio %	YoY	Basis
FYE Jun 2017	8.1	n/a	Cons. · Japanese GAAP
FYE Jun 2018	46.2	+38.1pp	Cons. · Japanese GAAP
FYE Jun 2019	31.1	−15.1pp	Cons. · Japanese GAAP
FYE Jun 2020	17.6	−13.6pp	Cons. · Japanese GAAP
FYE Jun 2021	15.1	−2.5pp	Cons. · Japanese GAAP
FYE Jun 2022	11.1	−4.0pp	Cons. · Japanese GAAP
FYE Jun 2023	13.2	+2.1pp	Cons. · Japanese GAAP
FYE Jun 2024	14.2	moved to IFRS	Cons. · IFRS
FYE Jun 2025	18.2	+4.0pp	Cons. · IFRS
FYE Jun 2026	18.9	+0.7pp	Cons. · IFRS

Definition: How much of the balance sheet is funded without debt
Formula: Equity ÷ total assets
Source: Securities report (XBRL)

Debt-to-equity ratio D/E ratio

FYE Jun 2026 194.2%

Average · 10 yrs 189.8%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Jun 2017	371.1	n/a	Cons. · Japanese GAAP
FYE Jun 2018	36.7	−334.4pp	Cons. · Japanese GAAP
FYE Jun 2019	103.5	+66.8pp	Cons. · Japanese GAAP
FYE Jun 2020	150.8	+47.3pp	Cons. · Japanese GAAP
FYE Jun 2021	90.2	−60.6pp	Cons. · Japanese GAAP
FYE Jun 2022	212.3	+122.1pp	Cons. · Japanese GAAP
FYE Jun 2023	284.7	+72.4pp	Cons. · Japanese GAAP
FYE Jun 2024	261.3	moved to IFRS	Cons. · IFRS
FYE Jun 2025	193.1	−68.3pp	Cons. · IFRS
FYE Jun 2026	194.2	+1.1pp	Cons. · IFRS

Definition: Borrowings measured against the company's own capital
Formula: Interest-bearing debt ÷ equity
Source: Securities report (XBRL)

ROE return on equity

FYE Jun 2026 25.8%

Average · 10 yrs -11.1%

Fiscal year	ROE %	YoY	Basis
FYE Jun 2017	-95.3	n/a	Cons. · Japanese GAAP
FYE Jun 2018	-12.9	+82.3pp	Cons. · Japanese GAAP
FYE Jun 2019	-27.0	−14.1pp	Cons. · Japanese GAAP
FYE Jun 2020	-65.5	−38.4pp	Cons. · Japanese GAAP
FYE Jun 2021	14.4	+79.9pp	Cons. · Japanese GAAP
FYE Jun 2022	-20.1	−34.5pp	Cons. · Japanese GAAP
FYE Jun 2023	23.8	+43.9pp	Cons. · Japanese GAAP
FYE Jun 2024	19.7	moved to IFRS	Cons. · IFRS
FYE Jun 2025	26.4	+6.7pp	Cons. · IFRS
FYE Jun 2026	25.8	−0.6pp	Cons. · IFRS

Definition: What the shareholders' capital earns
Formula: Net profit ÷ equity
Source: Securities report (XBRL)

ROA return on assets

FYE Jun 2026 4.9%

Average · 10 yrs -1.8%

Fiscal year	ROA %	YoY	Basis
FYE Jun 2017	-7.7	n/a	Cons. · Japanese GAAP
FYE Jun 2018	-6.0	+1.7pp	Cons. · Japanese GAAP
FYE Jun 2019	-8.4	−2.4pp	Cons. · Japanese GAAP
FYE Jun 2020	-11.5	−3.1pp	Cons. · Japanese GAAP
FYE Jun 2021	2.2	+13.7pp	Cons. · Japanese GAAP
FYE Jun 2022	-2.2	−4.4pp	Cons. · Japanese GAAP
FYE Jun 2023	3.1	+5.4pp	Cons. · Japanese GAAP
FYE Jun 2024	2.8	moved to IFRS	Cons. · IFRS
FYE Jun 2025	4.8	+2.0pp	Cons. · IFRS
FYE Jun 2026	4.9	+0.1pp	Cons. · IFRS

Definition: What the whole balance sheet earns
Formula: Net profit ÷ total assets
Source: Securities report (XBRL)

Asset turnover

FYE Jun 2026 0.32×

CAGR · 10 yrs −2.7%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Jun 2017	0.41	n/a	Cons. · Japanese GAAP
FYE Jun 2018	0.30	−25.0%	Cons. · Japanese GAAP
FYE Jun 2019	0.32	+4.0%	Cons. · Japanese GAAP
FYE Jun 2020	0.39	+22.0%	Cons. · Japanese GAAP
FYE Jun 2021	0.40	+4.9%	Cons. · Japanese GAAP
FYE Jun 2022	0.43	+7.0%	Cons. · Japanese GAAP
FYE Jun 2023	0.41	−4.2%	Cons. · Japanese GAAP
FYE Jun 2024	0.37	moved to IFRS	Cons. · IFRS
FYE Jun 2025	0.35	−3.2%	Cons. · IFRS
FYE Jun 2026	0.32	−10.9%	Cons. · IFRS

Definition: How much revenue each yen of assets produces
Formula: Revenue ÷ total assets
Source: Securities report (XBRL)

Cash flow statement Cash from operations, investment and financing, and what is left on hand

The three cash flows

¥ bn

Operating CF Investing CF Financing CF

Cash against debt

¥ bn

Cash and equivalents Interest-bearing debt Net cash

Operating cash flow

FYE Jun 2026 -¥9.5bn

Average · 10 yrs -¥12bn

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Jun 2017	6.4	n/a	Cons. · Japanese GAAP
FYE Jun 2018	-3.4	−154.1%	Cons. · Japanese GAAP
FYE Jun 2019	-7.3	n/a	Cons. · Japanese GAAP
FYE Jun 2020	12.5	n/a	Cons. · Japanese GAAP
FYE Jun 2021	3.4	−73.1%	Cons. · Japanese GAAP
FYE Jun 2022	-26.2	−878.6%	Cons. · Japanese GAAP
FYE Jun 2023	-36.9	n/a	Cons. · Japanese GAAP
FYE Jun 2024	-44.8	moved to IFRS	Cons. · IFRS
FYE Jun 2025	-11.9	n/a	Cons. · IFRS
FYE Jun 2026	-9.5	n/a	Cons. · IFRS

Definition: Cash the business itself generated
Formula: Cash flow from operating activities
Source: Securities report (XBRL)

Investing cash flow

FYE Jun 2026 -¥29bn

Average · 10 yrs -¥6.4bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Jun 2017	-0.9	n/a	Cons. · Japanese GAAP
FYE Jun 2018	-1.9	n/a	Cons. · Japanese GAAP
FYE Jun 2019	-2.8	n/a	Cons. · Japanese GAAP
FYE Jun 2020	-2.7	n/a	Cons. · Japanese GAAP
FYE Jun 2021	6.9	n/a	Cons. · Japanese GAAP
FYE Jun 2022	-0.7	−109.7%	Cons. · Japanese GAAP
FYE Jun 2023	-0.6	n/a	Cons. · Japanese GAAP
FYE Jun 2024	-0.9	moved to IFRS	Cons. · IFRS
FYE Jun 2025	-31.4	n/a	Cons. · IFRS
FYE Jun 2026	-29.2	n/a	Cons. · IFRS

Definition: Cash spent on, or released by, investment
Formula: Cash flow from investing activities
Source: Securities report (XBRL)

Financing cash flow

FYE Jun 2026 ¥73bn

CAGR · 10 yrs +14.7%

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Jun 2017	21.3	n/a	Cons. · Japanese GAAP
FYE Jun 2018	63.6	+198.3%	Cons. · Japanese GAAP
FYE Jun 2019	32.2	−49.4%	Cons. · Japanese GAAP
FYE Jun 2020	0.5	−98.6%	Cons. · Japanese GAAP
FYE Jun 2021	19.8	+4152.3%	Cons. · Japanese GAAP
FYE Jun 2022	62.1	+213.9%	Cons. · Japanese GAAP
FYE Jun 2023	26.8	−56.8%	Cons. · Japanese GAAP
FYE Jun 2024	33.4	moved to IFRS	Cons. · IFRS
FYE Jun 2025	0.5	−98.5%	Cons. · IFRS
FYE Jun 2026	73.5	+14478.0%	Cons. · IFRS

Definition: Cash raised from, or returned to, lenders and shareholders
Formula: Cash flow from financing activities
Source: Securities report (XBRL)

Cash and equivalents

FYE Jun 2026 ¥184bn

CAGR · 10 yrs +15.4%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Jun 2017	50.9	n/a	Cons. · Japanese GAAP
FYE Jun 2018	109	+114.6%	Cons. · Japanese GAAP
FYE Jun 2019	131	+19.8%	Cons. · Japanese GAAP
FYE Jun 2020	141	+7.8%	Cons. · Japanese GAAP
FYE Jun 2021	171	+21.6%	Cons. · Japanese GAAP
FYE Jun 2022	211	+23.3%	Cons. · Japanese GAAP
FYE Jun 2023	202	−4.4%	Cons. · Japanese GAAP
FYE Jun 2024	192	moved to IFRS	Cons. · IFRS
FYE Jun 2025	147	−23.5%	Cons. · IFRS
FYE Jun 2026	184	+25.2%	Cons. · IFRS

Definition: Cash on hand at the year end
Formula: Closing balance in the cash flow statement
Source: Securities report (XBRL)

Free cash flow

FYE Jun 2026 -¥39bn

Average · 10 yrs -¥18bn

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Jun 2017	5.4	n/a	Cons. · Japanese GAAP
FYE Jun 2018	-5.4	−199.4%	Cons. · Japanese GAAP
FYE Jun 2019	-10.1	n/a	Cons. · Japanese GAAP
FYE Jun 2020	9.9	n/a	Cons. · Japanese GAAP
FYE Jun 2021	10.3	+4.0%	Cons. · Japanese GAAP
FYE Jun 2022	-26.9	−361.7%	Cons. · Japanese GAAP
FYE Jun 2023	-37.5	n/a	Cons. · Japanese GAAP
FYE Jun 2024	-45.6	moved to IFRS	Cons. · IFRS
FYE Jun 2025	-43.3	n/a	Cons. · IFRS
FYE Jun 2026	-38.8	n/a	Cons. · IFRS

Definition: What is left once the business has paid for its own investment
Formula: Operating cash flow + investing cash flow
Source: Securities report (XBRL)

Operating cash flow margin

FYE Jun 2026 -4.1%

Average · 10 yrs -4.9%

Fiscal year	OCF margin %	YoY	Basis
FYE Jun 2017	28.8	n/a	Cons. · Japanese GAAP
FYE Jun 2018	-9.6	−38.4pp	Cons. · Japanese GAAP
FYE Jun 2019	-14.1	−4.5pp	Cons. · Japanese GAAP
FYE Jun 2020	16.4	+30.5pp	Cons. · Japanese GAAP
FYE Jun 2021	3.2	−13.3pp	Cons. · Japanese GAAP
FYE Jun 2022	-17.8	−21.0pp	Cons. · Japanese GAAP
FYE Jun 2023	-21.4	−3.6pp	Cons. · Japanese GAAP
FYE Jun 2024	-23.9	moved to IFRS	Cons. · IFRS
FYE Jun 2025	-6.2	+17.7pp	Cons. · IFRS
FYE Jun 2026	-4.1	+2.1pp	Cons. · IFRS

Definition: How much of the revenue turned into cash
Formula: Operating cash flow ÷ revenue
Source: Securities report (XBRL)

Net cash

FYE Jun 2026 -¥82bn

Average · 10 yrs ¥48bn

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Jun 2017	34.5	n/a	Cons. · Japanese GAAP
FYE Jun 2018	89.2	+158.7%	Cons. · Japanese GAAP
FYE Jun 2019	78.1	−12.5%	Cons. · Japanese GAAP
FYE Jun 2020	88.6	+13.4%	Cons. · Japanese GAAP
FYE Jun 2021	136	+53.2%	Cons. · Japanese GAAP
FYE Jun 2022	131	−3.2%	Cons. · Japanese GAAP
FYE Jun 2023	45.7	−65.2%	Cons. · Japanese GAAP
FYE Jun 2024	2.2	moved to IFRS	Cons. · IFRS
FYE Jun 2025	-43.9	−2112.9%	Cons. · IFRS
FYE Jun 2026	-82.1	n/a	Cons. · IFRS

Definition: Cash on hand once the borrowings are paid off
Formula: Cash and equivalents − interest-bearing debt
Source: Securities report (XBRL)

Shares and share price Shares outstanding, price, market capitalisation and the valuation multiples

Market capitalisation

FYE Jun 2026 ¥676bn

Change · 5 yrs −¥255bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Jun 2017	n/a	n/a
FYE Jun 2018	n/a	n/a
FYE Jun 2019	n/a	n/a
FYE Jun 2020	n/a	n/a
FYE Jun 2021	931	n/a
FYE Jun 2022	n/a	n/a
FYE Jun 2023	546	n/a
FYE Jun 2024	327	n/a
FYE Jun 2025	440	n/a
FYE Jun 2026	676	n/a

Definition: What the market says the company is worth
Formula: Year-end share price × shares outstanding
Source: Securities report (XBRL)

Share price year-end close

FYE Jun 2026 4,091¥

Change · 5 yrs −1,809¥

Fiscal year	Share price ¥	Basis
FYE Jun 2017	n/a	n/a
FYE Jun 2018	n/a	n/a
FYE Jun 2019	n/a	n/a
FYE Jun 2020	n/a	n/a
FYE Jun 2021	5,900	n/a
FYE Jun 2022	n/a	n/a
FYE Jun 2023	3,359	n/a
FYE Jun 2024	1,998	n/a
FYE Jun 2025	2,674	n/a
FYE Jun 2026	4,091	n/a

Definition: The closing price on the last day of the fiscal year
Formula: Year-end closing price
Source: Securities report (XBRL)

Shares outstanding

FYE Jun 2026 165,220,952shares

Change · 10 yrs +158,706,683 shares

Fiscal year	Shares outstanding shares	Basis
FYE Jun 2017	6,514,269	Parent
FYE Jun 2018	135,339,722	Parent
FYE Jun 2019	150,755,347	Parent
FYE Jun 2020	156,150,364	Parent
FYE Jun 2021	157,807,344	Parent
FYE Jun 2022	160,813,967	Parent
FYE Jun 2023	162,465,598	Parent
FYE Jun 2024	163,889,610	Parent
FYE Jun 2025	164,548,524	Parent
FYE Jun 2026	165,220,952	Parent

Definition: How many shares exist
Formula: Shares issued, from the key figures of the filing
Source: Securities report (XBRL)

EPS earnings per share

FYE Jun 2026 214.74¥

Change · 10 yrs +251.39¥

Fiscal year	EPS ¥	Basis
FYE Jun 2017	-36.65	Cons.
FYE Jun 2018	-60.61	Cons.
FYE Jun 2019	-94.98	Cons.
FYE Jun 2020	-147.86	Cons.
FYE Jun 2021	36.43	Cons.
FYE Jun 2022	-47.34	Cons.
FYE Jun 2023	81.28	Cons.
FYE Jun 2024	82.48	Cons.
FYE Jun 2025	159.05	Cons.
FYE Jun 2026	214.74	Cons.

Definition: Net profit for each share
Formula: Net profit ÷ average shares outstanding
Source: Securities report (XBRL)

BPS book value per share

FYE Jun 2026 829.61¥

Change · 10 yrs +151.71¥

Fiscal year	BPS ¥	Basis
FYE Jun 2017	677.90	Cons. · Japanese GAAP
FYE Jun 2018	402.11	Cons. · Japanese GAAP
FYE Jun 2019	337.87	Cons. · Japanese GAAP
FYE Jun 2020	222.77	Cons. · Japanese GAAP
FYE Jun 2021	251.11	Cons. · Japanese GAAP
FYE Jun 2022	234.33	Cons. · Japanese GAAP
FYE Jun 2023	338.01	Cons. · Japanese GAAP
FYE Jun 2024	443.46	Cons. · IFRS
FYE Jun 2025	601.03	Cons. · IFRS
FYE Jun 2026	829.61	Cons. · IFRS

Definition: Equity behind each share
Formula: Equity ÷ shares outstanding
Source: Securities report (XBRL)

PER price-to-earnings ratio

FYE Jun 2026 19.05×

Average · 5 yrs 52.67×

Fiscal year	PER ×	Basis
FYE Jun 2017	n/a	Cons.
FYE Jun 2018	n/a	Cons.
FYE Jun 2019	n/a	Cons.
FYE Jun 2020	n/a	Cons.
FYE Jun 2021	161.95	Cons.
FYE Jun 2022	n/a	Cons.
FYE Jun 2023	41.33	Cons.
FYE Jun 2024	24.22	Cons.
FYE Jun 2025	16.81	Cons.
FYE Jun 2026	19.05	Cons.

Definition: How many years of earnings the price stands for
Formula: Year-end price ÷ EPS
Source: Securities report (XBRL)

PBR price-to-book ratio

FYE Jun 2026 4.93×

Average · 5 yrs 9.52×

Fiscal year	PBR ×	Basis
FYE Jun 2017	n/a	Cons.
FYE Jun 2018	n/a	Cons.
FYE Jun 2019	n/a	Cons.
FYE Jun 2020	n/a	Cons.
FYE Jun 2021	23.84	Cons.
FYE Jun 2022	n/a	Cons.
FYE Jun 2023	9.86	Cons.
FYE Jun 2024	4.56	Cons.
FYE Jun 2025	4.43	Cons.
FYE Jun 2026	4.93	Cons.

Definition: The price measured against the book value behind it
Formula: Year-end price ÷ BPS
Source: Securities report (XBRL)

Workforce and productivity Headcount, pay and what each employee accounts for

Group employees

FYE Jun 2026 2,065people

Change · 10 yrs +1,469 people

Fiscal year	Group employees people	YoY	Basis
FYE Jun 2017	596	n/a	Cons.
FYE Jun 2018	1,140	+91.3%	Cons.
FYE Jun 2019	1,826	+60.2%	Cons.
FYE Jun 2020	1,792	−1.9%	Cons.
FYE Jun 2021	1,752	−2.2%	Cons.
FYE Jun 2022	2,209	+26.1%	Cons.
FYE Jun 2023	2,101	−4.9%	Cons.
FYE Jun 2024	2,080	−1.0%	Cons.
FYE Jun 2025	2,159	+3.8%	Cons.
FYE Jun 2026	2,065	−4.4%	Cons.

Definition: Everyone employed across the group
Formula: Consolidated headcount, from the employee section of the filing
Source: Securities report (XBRL)

Parent-company employees

FYE Jun 2026 1,345people

Change · 10 yrs +945 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Jun 2017	400	n/a	Parent
FYE Jun 2018	756	+89.0%	Parent
FYE Jun 2019	1,178	+55.8%	Parent
FYE Jun 2020	1,090	−7.5%	Parent
FYE Jun 2021	1,060	−2.8%	Parent
FYE Jun 2022	1,232	+16.2%	Parent
FYE Jun 2023	1,315	+6.7%	Parent
FYE Jun 2024	1,417	+7.8%	Parent
FYE Jun 2025	1,543	+8.9%	Parent
FYE Jun 2026	1,345	−12.8%	Parent

Definition: Employees of the filing company itself
Formula: Parent-only headcount, from the employee section of the filing
Source: Securities report (XBRL)

Average annual pay parent company

FYE Jun 2026 ¥12.3m

Change · 9 yrs +¥7.3m

Fiscal year	Average annual pay ¥ m	YoY	Basis
FYE Jun 2017	n/a	n/a	Parent
FYE Jun 2018	5.0	n/a	Parent
FYE Jun 2019	7.1	+41.8%	Parent
FYE Jun 2020	8.2	+15.2%	Parent
FYE Jun 2021	9.2	+12.1%	Parent
FYE Jun 2022	9.7	+5.2%	Parent
FYE Jun 2023	10.4	+7.0%	Parent
FYE Jun 2024	11.7	+12.7%	Parent
FYE Jun 2025	11.8	+0.8%	Parent
FYE Jun 2026	12.3	+4.8%	Parent

Definition: Average total annual compensation, bonuses included
Formula: Average annual pay, from the employee section of the filing
Source: Securities report (XBRL)

Average age

FYE Jun 2026 37.2years

Change · 8 yrs +5.3 years

Fiscal year	Average age years	YoY	Basis
FYE Jun 2017	n/a	n/a	Parent
FYE Jun 2018	n/a	n/a	Parent
FYE Jun 2019	31.9	n/a	Parent
FYE Jun 2020	32.4	+1.6%	Parent
FYE Jun 2021	33.5	+3.4%	Parent
FYE Jun 2022	34.6	+3.3%	Parent
FYE Jun 2023	35.6	+2.9%	Parent
FYE Jun 2024	36.0	+1.1%	Parent
FYE Jun 2025	36.3	+0.8%	Parent
FYE Jun 2026	37.2	+2.5%	Parent

Definition: Average age of the parent company's employees
Formula: Average age, from the employee section of the filing
Source: Securities report (XBRL)

Average length of service

FYE Jun 2026 4.5years

Change · 9 yrs +3.2 years

Fiscal year	Average length of service years	YoY	Basis
FYE Jun 2017	n/a	n/a	Parent
FYE Jun 2018	1.3	n/a	Parent
FYE Jun 2019	1.5	+15.4%	Parent
FYE Jun 2020	2.2	+46.7%	Parent
FYE Jun 2021	2.9	+31.8%	Parent
FYE Jun 2022	2.9	−0.0%	Parent
FYE Jun 2023	3.4	+17.2%	Parent
FYE Jun 2024	3.5	+2.9%	Parent
FYE Jun 2025	3.8	+8.6%	Parent
FYE Jun 2026	4.5	+18.4%	Parent

Definition: How long the average employee has been with the company
Formula: Average years of service, from the employee section of the filing
Source: Securities report (XBRL)

Temporary employees

FYE Jun 2026 482people

Change · 10 yrs +466 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Jun 2017	16	n/a	n/a
FYE Jun 2018	43	+168.8%	n/a
FYE Jun 2019	221	+414.0%	n/a
FYE Jun 2020	402	+81.9%	n/a
FYE Jun 2021	286	−28.9%	n/a
FYE Jun 2022	467	+63.3%	n/a
FYE Jun 2023	453	−3.0%	n/a
FYE Jun 2024	401	−11.5%	n/a
FYE Jun 2025	500	+24.7%	n/a
FYE Jun 2026	482	−3.6%	n/a

Definition: Average number of temporary and part-time staff over the year
Formula: Average temporary headcount, from the employee section of the filing
Source: Securities report (XBRL)

Revenue per employee

FYE Jun 2026 ¥111m

Change · 10 yrs +¥74.0m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Jun 2017	37.0	n/a	Cons.
FYE Jun 2018	31.4	−15.3%	Cons.
FYE Jun 2019	28.3	−9.8%	Cons.
FYE Jun 2020	42.6	+50.4%	Cons.
FYE Jun 2021	60.6	+42.3%	Cons.
FYE Jun 2022	66.6	+9.9%	Cons.
FYE Jun 2023	81.9	+23.0%	Cons.
FYE Jun 2024	90.1	n/a	Cons.
FYE Jun 2025	89.2	−1.0%	Cons.
FYE Jun 2026	111	+24.4%	Cons.

Definition: What each employee accounts for in revenue
Formula: Revenue ÷ group employees
Source: Securities report (XBRL)

Operating profit per employee

FYE Jun 2026 ¥21.3m

Change · 10 yrs +¥25.9m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Jun 2017	-4.7	n/a	Cons.
FYE Jun 2018	-3.9	n/a	Cons.
FYE Jun 2019	-6.7	n/a	Cons.
FYE Jun 2020	-10.8	n/a	Cons.
FYE Jun 2021	3.0	n/a	Cons.
FYE Jun 2022	-1.7	−156.8%	Cons.
FYE Jun 2023	7.8	n/a	Cons.
FYE Jun 2024	8.4	n/a	Cons.
FYE Jun 2025	12.9	+53.4%	Cons.
FYE Jun 2026	21.3	+64.9%	Cons.

Definition: What each employee accounts for in operating profit
Formula: Operating profit ÷ group employees
Source: Securities report (XBRL)

Disclaimer

Figures are reproduced as filed and are not restated: a change of accounting standard or of consolidation basis moves the series without anything happening to the business. Where that happened, the table says so in place of the year-on-year figure.
Ratios and per-employee figures are computed from the filed lines rather than taken from the filing, and use year-end balances rather than averages.

Accuracy, liability, reuse and privacy — the full disclaimer →

Data API

Mercari’s history, presidents and financials are published as static JSON — no key, plain GET. One API per public page, and one per section where a page carries several tables. Full specification →

/api/4385/company.json ·/api/4385/history.json ·/api/4385/ceo.json ·/api/4385/financials.json ·/api/4385/financials/segment.json ·/api/4385/financials/pl.json ·/api/4385/financials/cf.json ·/api/4385/financials/bs.json ·/api/4385/financials/employee.json ·/api/4385/financials/stock.json ·/api/4385/financials.csv ·/api/4385/financials_history.csv

/api/companies.json ·/api/decisions.json ·/api/api-manifest.json