Mercari Full Year 2025 Earnings: EPS Beats Expectations

Simply Wall St · 08/06/2025 22:25
TSE:4385 1 Year Share Price vs Fair Value
TSE:4385 1 Year Share Price vs Fair Value
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Mercari (TSE:4385) Full Year 2025 Results

Key Financial Results

  • Revenue: JP¥192.6b (up 2.8% from FY 2024).
  • Net income: JP¥26.1b (up 94% from FY 2024).
  • Profit margin: 14% (up from 7.2% in FY 2024). The increase in margin was primarily driven by lower expenses.
  • EPS: JP¥159 (up from JP¥82.47 in FY 2024).
revenue-and-expenses-breakdown
TSE:4385 Revenue and Expenses Breakdown August 6th 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

Mercari EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 46%.

The primary driver behind last 12 months revenue was the Japan segment contributing a total revenue of JP¥149.8b (78% of total revenue). The largest operating expense was General & Administrative costs, amounting to JP¥110.7b (99% of total expenses). Explore how 4385's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Multiline Retail industry in Japan.

Performance of the Japanese Multiline Retail industry.

The company's shares are down 7.3% from a week ago.

Valuation

It's possible that Mercari could be undervalued with our 6-factor valuation analysis indicating a potential opportunity. You can access our in-depth analysis and discover what the outlook is like for the stock by clicking here.