Cash flow Mercari, Inc.

Equities

4385

JP3921290007

Internet Services

Market Closed - Japan Exchange Other stock markets 02:30:00 2026-04-10 am EDT			5-day change	1st Jan Change
3,613.00 ^JPY	-4.87%		-8.83%	+13.97%

Apr. 10	Japan's Nikkei marks best week since 2024 on earnings, tech investment optimism	RE
Apr. 09	Japan's Nikkei jumps as oil stabilises before Iran talks; Fast Retailing surges	RE

8f8af198c.qBeZzhP3jdNwXzckr_gYRHiOBFzBwPwD5OCuIiu66x8.4VmvuGSNwqtDO0AdnL53FjPnfQzzsIxlooHtcxr5j13CbdeteIX3oQc5QA

Published financial data: MERCARI, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2021	2022	2023	2024	2025
Revenues	106B	147B	172B	187B	193B
Total Revenues	106B	147B	172B	187B	193B
Cost of Goods Sold, Total	24.31B	51.9B	57.64B	57.68B	54.37B
Gross Profit	81.8B	95.14B	114B	130B	138B
Selling General & Admin Expenses, Total	73.1B	92.51B	90.62B	101B	96.47B
Provision for Bad Debts	2.72B	5.99B	5.74B	9.72B	13.19B
Depreciation & Amortization - (IS)	-	-	-	-	1.03B
Other Operating Expenses	802M	359M	1.04B	518M	-514M
Other Operating Expenses, Total	76.62B	98.86B	97.4B	111B	110B
Operating Income	5.19B	-3.72B	17.02B	18.35B	28.09B
Interest Expense, Total	-343M	-140M	-182M	-488M	-500M
Interest And Investment Income	30M	50M	501M	891M	834M
Net Interest Expenses	-313M	-90M	319M	403M	334M
Currency Exchange Gains (Loss)	-31M	-149M	-79M	385M	-248M
Other Non Operating Income (Expenses)	133M	58M	186M	-1M	944M
EBT, Excl. Unusual Items	4.98B	-3.9B	17.45B	19.14B	29.12B
Restructuring Charges	-	-	-	-870M	-
Gain (Loss) On Sale Of Investments	6.83B	-51M	-325M	-	-
Asset Writedown	-	-51M	-50M	-381M	-
Other Unusual Items	66M	1M	-686M	-	-
EBT, Incl. Unusual Items	11.87B	-4B	16.39B	17.89B	29.12B
Income Tax Expense	6.35B	3.64B	3.47B	4.43B	2.94B
Earnings From Continuing Operations	5.52B	-7.64B	12.92B	13.46B	26.18B
Net Income to Company	5.52B	-7.64B	12.92B	13.46B	26.18B
Minority Interest	195M	70M	155M	6M	-64M
Net Income - (IS)	5.72B	-7.57B	13.07B	13.46B	26.11B
Net Income to Common Incl Extra Items	5.72B	-7.57B	13.07B	13.46B	26.11B
Net Income to Common Excl. Extra Items	5.72B	-7.57B	13.07B	13.46B	26.11B
Per Share Items
Net EPS - Basic	36.42	-47.33	81.01	82.47	159.05
Basic EPS - Continuing Operations	36.42	-47.33	81.01	82.47	159.05
Basic Weighted Average Shares Outstanding	157M	160M	161M	163M	164M
Net EPS - Diluted	35.15	-47.33	77.36	79.01	154.85
Diluted EPS - Continuing Operations	35.15	-47.33	77.36	79.01	154.85
Diluted Weighted Average Shares Outstanding	163M	160M	169M	170M	169M
Normalized Basic EPS	21.04	-14.79	68.56	73.32	110.45
Normalized Diluted EPS	20.31	-14.79	65.47	70.24	107.54
American Depositary Receipts Ratio (ADR)	0.5	0.5	0.5	0.5	0.5
Supplemental Items
EBITDA	6.03B	-2.9B	17.96B	20.39B	29.92B
EBITA	5.19B	-3.72B	17.02B	18.35B	28.09B
EBIT	5.19B	-3.72B	17.02B	18.35B	28.09B
Effective Tax Rate - (Ratio)	53.47	-91.12	21.2	24.78	10.1
Normalized Net Income	3.3B	-2.36B	11.06B	11.97B	18.14B
Non-Cash Pension Expense	19M	-3M	7M	-	-
Supplemental Operating Expense Items
Advertising Expense	31.48B	37.71B	32.02B	44.24B	39.93B
Selling and Marketing Expenses	31.48B	37.71B	32.02B	67.86B	64.36B
Research And Development Expense From Footnotes	418M	398M	369M	478M	344M

Fiscal Period: June	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	171B	211B	196B	192B	147B
Short Term Investments	6.25B	7.09B	8.48B	3.76B	6.37B
Total Cash And Short Term Investments	178B	218B	205B	196B	153B
Accounts Receivable, Total	-3M	-353M	919M	195B	255B
Other Receivables	47B	80.29B	116B	-	-
Total Receivables	47B	79.93B	117B	195B	255B
Prepaid Expenses	2.34B	2.8B	2.26B	-	-
Other Current Assets, Total	878M	2.16B	17B	10.83B	12.12B
Total Current Assets	228B	303B	341B	402B	420B
Net Property Plant And Equipment	2.62B	3.46B	2.78B	4.95B	9.99B
Long-term Investments	28.96B	28.92B	63.48B	85.87B	104B
Goodwill	-	-	-	-	-
Other Intangibles, Total	658M	666M	584M	570M	1.27B
Deferred Tax Assets Long-Term	2.36B	3.42B	7.8B	8.35B	8.48B
Other Long-Term Assets, Total	1M	1M	1M	3M	3M
Total Assets	263B	340B	415B	502B	544B
Liabilities
Accounts Payable, Total	-	-	-	21.56B	15.05B
Accrued Expenses, Total	2.83B	3.3B	3.4B	-	-
Short-term Borrowings	19.6B	54.25B	55.12B	39.29B	41.35B
Current Portion of Long-Term Debt	35.4B	1.35B	16.71B	26.38B	32.84B
Current Portion of Leases	-	-	-	1.16B	1.45B
Current Income Taxes Payable	23.92B	19.74B	26.14B	1.43B	718M
Other Current Liabilities	124B	146B	172B	213B	228B
Total Current Liabilities	205B	225B	274B	303B	320B
Long-Term Debt	16.15B	75.75B	85.7B	124B	117B
Long-Term Leases	-	-	-	2.21B	6.98B
Pension & Other Post Retirement Benefits	92M	75M	42M	-	-
Deferred Tax Liability Non Current	183M	162M	138M	95M	88M
Other Non Current Liabilities	763M	1.16B	581M	514M	795M
Total Liabilities	223B	302B	360B	430B	444B
Common Stock, Total	42.63B	44.63B	46.05B	47.35B	48.18B
Additional Paid In Capital	42.58B	44.58B	46B	50.19B	51B
Retained Earnings	-46.15B	-53.76B	-40.69B	-29.12B	-3.01B
Comprehensive Income and Other	560M	2.23B	3.3B	3.42B	3.11B
Total Common Equity	39.63B	37.68B	54.67B	71.84B	99.27B
Minority Interest	386M	314M	554M	308M	371M
Total Equity	40.01B	38B	55.23B	72.14B	99.64B
Total Liabilities And Equity	263B	340B	415B	502B	544B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	160M	161M	163M	164M	165M
ECS Total Common Shares Outstanding	158M	161M	162M	164M	165M
Book Value / Share	251.1	234.32	336.52	438.32	603.28
Tangible Book Value	38.97B	37.02B	54.09B	71.27B	98B
Tangible Book Value Per Share	246.93	230.18	332.93	434.84	595.56
Total Debt	71.15B	131B	158B	193B	199B
Net Debt	-107B	-87.15B	-47.22B	-2.45B	45.98B
Debt Equivalent of Unfunded Proj. Benefit Obligation	92M	75M	42M	-	-
Minority Interest, Total (Incl. Fin. Div)	386M	314M	554M	308M	371M
Full Time Employees	1.75K	2.21K	2.1K	2.08K	2.16K
Accumulated Allowance for Doubtful Accounts (Supple)	2.42B	4.81B	5.46B	10.86B	15.81B

Fiscal Period: June	2021	2022	2023	2024	2025
Net Income	11.87B	-4B	16.39B	17.89B	29.12B
Depreciation & Amortization - CF	845M	818M	933M	2.04B	1.83B
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	-
Depreciation & Amortization, Total	845M	818M	933M	2.04B	1.83B
(Gain) Loss From Sale Of Asset	-	51M	50M	-	-
(Gain) Loss on Sale of Investments - (CF)	-6.83B	51M	325M	-	-1.11B
Other Operating Activities, Total	-12.49B	-9.31B	-37.63B	-29.76B	10.48B
Change In Accounts Receivable	-1.29B	-2.02B	-1.91B	-68.64B	-59.5B
Change In Accounts Payable	1.53B	343M	1.23B	501M	-6.4B
Change in Other Net Operating Assets	9.74B	-12.16B	-16.27B	34.63B	13.64B
Cash from Operations	3.37B	-26.22B	-36.88B	-43.34B	-11.95B
Capital Expenditure	-420M	-669M	-471M	-155M	-300M
Cash Acquisitions	-	-18M	-	-	-
Divestitures	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	6.94B	15M	-286M	-1.53B	-30.45B
Other Investing Activities, Total	385M	1M	125M	804M	-610M
Cash from Investing	6.91B	-671M	-632M	-877M	-31.36B
Short Term Debt Issued, Total	19.6B	34.65B	867M	-	2.06B
Long-Term Debt Issued, Total	-	50.88B	25.66B	51B	46.2B
Total Debt Issued	19.6B	85.53B	26.53B	51B	48.26B
Short Term Debt Repaid, Total	-	-	-	-15.84B	-
Long-Term Debt Repaid, Total	-900M	-25.45B	-348M	-1.89B	-46.46B
Total Debt Repaid	-900M	-25.45B	-348M	-17.72B	-46.46B
Issuance of Common Stock	835M	2.09B	832M	226M	15M
Other Financing Activities, Total	236M	-104M	-172M	-1.41B	-1.31B
Cash from Financing	19.77B	62.06B	26.84B	32.09B	504M
Foreign Exchange Rate Adjustments	406M	4.77B	1.32B	2.3B	-2.16B
Miscellaneous Cash Flow Adjustments	1M	-2M	-	1M	-
Net Change in Cash	30.45B	39.94B	-9.36B	-9.82B	-44.97B
Supplemental Items
Cash Interest Paid	232M	129M	183M	202M	309M
Cash Income Tax Paid (Refund)	2.43B	9.34B	2.98B	9.75B	3.98B
Levered Free Cash Flow	12.89B	-18.16B	-7.35B	-23.39B	-33.64B
Unlevered Free Cash Flow	13.11B	-18.07B	-7.24B	-23.09B	-33.33B
Change In Net Working Capital	-9.44B	15.9B	18.34B	36.44B	52.42B
Net Debt Issued / Repaid	18.7B	60.08B	26.18B	33.28B	1.8B

Fiscal Period: June	2021	2022	2023	2024	2025
Profitability
Return on Assets	1.41	-0.77	2.82	2.5	3.36
Return on Total Capital	3.26	-1.66	5.57	4.8	6.22
Return On Equity %	14.66	-19.59	27.71	21.13	30.48
Return on Common Equity	15.37	-19.58	28.3	21.28	30.52
Margin Analysis
Gross Profit Margin %	77.09	64.7	66.5	69.22	71.77
SG&A Margin	68.89	62.91	52.67	53.97	50.08
EBITDA Margin %	5.68	-1.97	10.44	10.88	15.53
EBITA Margin %	4.89	-2.53	9.89	9.79	14.58
EBIT Margin %	4.89	-2.53	9.89	9.79	14.58
Income From Continuing Operations Margin %	5.21	-5.19	7.51	7.18	13.59
Net Income Margin %	5.39	-5.15	7.6	7.18	13.56
Net Avail. For Common Margin %	5.39	-5.15	7.6	7.18	13.56
Normalized Net Income Margin	3.11	-1.61	6.43	6.39	9.41
Levered Free Cash Flow Margin	12.15	-12.35	-4.27	-12.48	-17.47
Unlevered Free Cash Flow Margin	12.35	-12.29	-4.21	-12.32	-17.3
Asset Turnover
Asset Turnover	0.46	0.49	0.46	0.41	0.37
Fixed Assets Turnover	38.39	48.33	55.12	48.49	25.79
Receivables Turnover (Average Receivables)	-736.91	-826.12	608	1.91	0.86
Short Term Liquidity
Current Ratio	1.11	1.35	1.25	1.33	1.32
Quick Ratio	1.09	1.33	1.17	1.29	1.28
Operating Cash Flow to Current Liabilities	0.02	-0.12	-0.13	-0.14	-0.04
Days Sales Outstanding (Average Receivables)	-0.5	-0.44	0.6	191.74	426.48
Average Days Payable Outstanding	-	-	-	-	122.87
Long Term Solvency
Total Debt/Equity	177.82	345.7	285.24	267.95	200.1
Total Debt / Total Capital	64	77.56	74.04	72.82	66.68
LT Debt/Equity	40.36	199.36	155.17	175.31	124.18
Long-Term Debt / Total Capital	14.53	44.73	40.28	47.65	41.38
Total Liabilities / Total Assets	84.76	88.82	86.7	85.62	81.68
EBIT / Interest Expense	15.12	-26.54	93.54	37.61	56.18
EBITDA / Interest Expense	17.58	-20.69	98.66	41.79	59.84
(EBITDA - Capex) / Interest Expense	16.36	-25.47	96.08	41.47	59.24
Total Debt / EBITDA	11.8	-45.34	8.77	9.48	6.66
Net Debt / EBITDA	-17.67	30.08	-2.63	-0.12	1.54
Total Debt / (EBITDA - Capex)	12.68	-36.83	9.01	9.55	6.73
Net Debt / (EBITDA - Capex)	-18.99	24.44	-2.7	-0.12	1.55
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	39.12	38.58	17.01	8.92	2.79
Gross Profit, 1 Yr. Growth %	47.09	16.31	20.26	13.38	6.57
EBITDA, 1 Yr. Growth %	-134.14	-148.04	-719.85	13.57	46.71
EBITA, 1 Yr. Growth %	-127.11	-171.64	-558.25	7.8	53.06
EBIT, 1 Yr. Growth %	-126.86	-171.64	-558.25	7.8	53.06
Earnings From Cont. Operations, 1 Yr. Growth %	-124.07	-238.26	-269.07	4.18	94.56
Net Income, 1 Yr. Growth %	-125.12	-232.33	-272.68	2.99	94
Normalized Net Income, 1 Yr. Growth %	-127.69	-171.57	-567.71	8.2	51.53
Diluted EPS Before Extra, 1 Yr. Growth %	-123.77	-234.66	-263.44	2.13	95.99
Accounts Receivable, 1 Yr. Growth %	-98.95	11.67K	-360.34	21.17K	30.34
Net Property, Plant and Equip., 1 Yr. Growth %	-9.71	31.99	-19.67	77.96	101.88
Total Assets, 1 Yr. Growth %	32.58	29.46	22.19	20.82	8.37
Tangible Book Value, 1 Yr. Growth %	14.26	-5.01	46.12	31.76	37.51
Common Equity, 1 Yr. Growth %	13.92	-4.91	45.09	31.39	38.19
Cash From Operations, 1 Yr. Growth %	-73.14	-878.65	40.68	17.5	-72.43
Capital Expenditures, 1 Yr. Growth %	-45.67	59.29	-29.6	-67.09	93.55
Levered Free Cash Flow, 1 Yr. Growth %	-63.39	-240.8	-59.51	218.21	43.84
Unlevered Free Cash Flow, 1 Yr. Growth %	-62.95	-237.83	-59.95	219	44.38
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	43.29	38.85	27.34	12.89	5.81
Gross Profit, 2 Yr. CAGR %	45.17	30.8	18.27	16.77	9.92
EBITDA, 2 Yr. CAGR %	-26.24	-59.51	72.55	165.32	29.08
EBITA, 2 Yr. CAGR %	-33.91	-55.93	81.18	122.26	28.45
EBIT, 2 Yr. CAGR %	-34.66	-56.13	81.18	122.26	28.45
Earnings From Cont. Operations, 2 Yr. CAGR %	-36.64	-42.32	52.89	32.72	42.37
Net Income, 2 Yr. CAGR %	-35.53	-42.35	51.16	33.36	41.35
Normalized Net Income, 2 Yr. CAGR %	-34.09	-55.48	82.96	124.95	28.04
Diluted EPS Before Extra, 2 Yr. CAGR %	-39.17	-43.42	48.35	29.2	41.48
Accounts Receivable, 2 Yr. CAGR %	-88.98	11.29	1.65K	2.25K	1.56K
Net Property, Plant and Equip., 2 Yr. CAGR %	18.02	9.17	2.97	19.56	89.54
Total Assets, 2 Yr. CAGR %	26.64	31.01	25.77	21.51	14.43
Tangible Book Value, 2 Yr. CAGR %	-11.59	4.18	17.81	38.75	34.6
Common Equity, 2 Yr. CAGR %	-11.8	4.08	17.46	38.07	34.75
Cash From Operations, 2 Yr. CAGR %	-32.03	44.63	230.97	28.57	-43.08
Capital Expenditures, 2 Yr. CAGR %	-50.28	-6.97	5.9	-51.87	-20.19
Levered Free Cash Flow, 2 Yr. CAGR %	39.28	-28.2	-24.5	13.5	113.94
Unlevered Free Cash Flow, 2 Yr. CAGR %	39.92	-28.53	-25.7	13.03	114.61
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	43.69	41.7	31.15	20.87	9.42
Gross Profit, 3 Yr. CAGR %	41.36	34.83	27.19	16.62	13.27
EBITDA, 3 Yr. CAGR %	14.84	-36.06	0.54	50.1	117.77
EBITA, 3 Yr. CAGR %	7.13	-32.11	-3.81	52.39	96.27
EBIT, 3 Yr. CAGR %	5.46	-32.63	-4.11	52.39	96.27
Earnings From Cont. Operations, 3 Yr. CAGR %	-7.76	-17.82	-17.45	34.54	50.76
Net Income, 3 Yr. CAGR %	-6.69	-18.07	-16.9	33.01	51.1
Normalized Net Income, 3 Yr. CAGR %	3.69	-32.26	-2.5	53.57	97.2
Diluted EPS Before Extra, 3 Yr. CAGR %	-16.61	-20.72	-19.42	30.99	48.45
Accounts Receivable, 3 Yr. CAGR %	-75.77	12.64	47.74	3.92K	796.95
Net Property, Plant and Equip., 3 Yr. CAGR %	36.25	22.51	-1.44	23.57	42.37
Total Assets, 3 Yr. CAGR %	30.64	27.57	28	24.1	16.96
Tangible Book Value, 3 Yr. CAGR %	-10.47	-9.45	16.62	22.29	38.34
Common Equity, 3 Yr. CAGR %	-10.04	-9.56	16.27	21.93	38.11
Cash From Operations, 3 Yr. CAGR %	-0.68	53.22	43.3	134.35	-23.04
Capital Expenditures, 3 Yr. CAGR %	-15.33	-26.7	-15.22	-28.27	-23.46
Levered Free Cash Flow, 3 Yr. CAGR %	178.07	39.79	-40.68	21.96	22.83
Unlevered Free Cash Flow, 3 Yr. CAGR %	171.2	39.22	-41.08	20.76	22.64
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	53.99	46.13	36.91	29.39	20.36
Gross Profit, 5 Yr. CAGR %	48.13	37.51	31.63	27.29	19.98
EBITDA, 5 Yr. CAGR %	-	-	35.15	12.97	11.11
EBITA, 5 Yr. CAGR %	160.78	6.01	32.19	9.1	7.98
EBIT, 5 Yr. CAGR %	160.78	6.01	30.94	8.6	7.79
Earnings From Cont. Operations, 5 Yr. CAGR %	73.84	12.67	12.9	-0.45	2.66
Net Income, 5 Yr. CAGR %	75.05	12.46	13.17	-0.44	2.78
Normalized Net Income, 5 Yr. CAGR %	122.48	6.37	30.13	9.49	8.73
Diluted EPS Before Extra, 5 Yr. CAGR %	61.65	5.25	5	-3.61	0.93
Accounts Receivable, 5 Yr. CAGR %	-45.07	27.44	34.22	279.89	289.27
Net Property, Plant and Equip., 5 Yr. CAGR %	77.71	61.72	21.81	21.32	28.02
Total Assets, 5 Yr. CAGR %	59.46	44.21	28.67	25.11	22.39
Tangible Book Value, 5 Yr. CAGR %	35.94	55.35	-0.08	7.41	23.5
Common Equity, 5 Yr. CAGR %	36.39	53.54	0.09	7.12	23.33
Cash From Operations, 5 Yr. CAGR %	-	-	60.74	42.84	-0.95
Capital Expenditures, 5 Yr. CAGR %	-	-	-7.41	-38.05	-17.25
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	65.07	28.61	-0.91
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	61.57	28.09	-1.18