Cash flow Mercari, Inc.

Equities

4385

JP3921290007

Internet Services

Delayed Japan Exchange Other stock markets 01:30:00 2025-01-22 am EST			5-day change	1st Jan Change
1,753.50 ^JPY	-0.03%		+5.16%	-2.20%

Jan. 08	Jefferies Adjusts Mercari's Price Target to 2,400 Yen From 2,625 Yen, Keeps at Buy	MT
Nov. 06	Mercari's Profit Hikes Over 4% in Fiscal Q1	MT

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Published financial data: MERCARI, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2020	2021	2022	2023	2024
Revenues	76.28B	106B	147B	172B	187B
Total Revenues	76.28B	106B	147B	172B	187B
Cost of Goods Sold, Total	20.66B	24.31B	51.9B	57.64B	57.68B
Gross Profit	55.61B	81.8B	95.14B	114B	130B
Selling General & Admin Expenses, Total	72.12B	73.1B	92.51B	90.62B	101B
Provision for Bad Debts	2.28B	2.72B	5.99B	5.74B	9.72B
Other Operating Expenses	522M	802M	359M	1.04B	518M
Other Operating Expenses, Total	74.92B	76.62B	98.86B	97.4B	111B
Operating Income	-19.31B	5.19B	-3.72B	17.02B	18.35B
Interest Expense, Total	-248M	-343M	-140M	-182M	-488M
Interest And Investment Income	116M	30M	50M	501M	891M
Net Interest Expenses	-132M	-313M	-90M	319M	403M
Currency Exchange Gains (Loss)	-31M	-31M	-149M	-79M	385M
Other Non Operating Income (Expenses)	79M	133M	58M	186M	-1M
EBT, Excl. Unusual Items	-19.39B	4.98B	-3.9B	17.45B	19.14B
Restructuring Charges	-	-	-	-	-870M
Gain (Loss) On Sale Of Investments	-204M	6.83B	-51M	-325M	-
Asset Writedown	-922M	-	-51M	-50M	-381M
Other Unusual Items	-1M	66M	1M	-686M	-
EBT, Incl. Unusual Items	-20.52B	11.87B	-4B	16.39B	17.89B
Income Tax Expense	2.44B	6.35B	3.64B	3.47B	4.43B
Earnings From Continuing Operations	-22.96B	5.52B	-7.64B	12.92B	13.46B
Net Income to Company	-22.96B	5.52B	-7.64B	12.92B	13.46B
Minority Interest	186M	195M	70M	155M	6M
Net Income - (IS)	-22.77B	5.72B	-7.57B	13.07B	13.46B
Net Income to Common Incl Extra Items	-22.77B	5.72B	-7.57B	13.07B	13.46B
Net Income to Common Excl. Extra Items	-22.77B	5.72B	-7.57B	13.07B	13.46B
Per Share Items
Net EPS - Basic	-147.85	36.42	-47.33	81.01	82.47
Basic EPS - Continuing Operations	-147.85	36.42	-47.33	81.01	82.47
Basic Weighted Average Shares Outstanding	154M	157M	160M	161M	163M
Net EPS - Diluted	-147.85	35.15	-47.33	77.36	79.01
Diluted EPS - Continuing Operations	-147.85	35.15	-47.33	77.36	79.01
Diluted Weighted Average Shares Outstanding	154M	163M	160M	169M	170M
Normalized Basic EPS	-77.48	21.04	-14.79	68.56	73.32
Normalized Diluted EPS	-77.48	20.31	-14.79	65.47	70.24
American Depositary Receipts Ratio (ADR)	0.5	0.5	0.5	0.5	0.5
Supplemental Items
EBITDA	-17.67B	6.03B	-2.9B	17.96B	20.39B
EBITA	-19.13B	5.19B	-3.72B	17.02B	18.35B
EBIT	-19.31B	5.19B	-3.72B	17.02B	18.35B
Effective Tax Rate - (Ratio)	-11.89	53.47	-91.12	21.2	24.78
Normalized Net Income	-11.93B	3.3B	-2.36B	11.06B	11.97B
Non-Cash Pension Expense	8M	19M	-3M	7M	-
Supplemental Operating Expense Items
Advertising Expense	34.31B	31.48B	37.71B	32.02B	44.24B
Selling and Marketing Expenses	34.31B	31.48B	37.71B	32.02B	67.86B
Research And Development Expense From Footnotes	323M	418M	398M	369M	478M

Fiscal Period: June	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	136B	171B	211B	196B	192B
Short Term Investments	14.98B	6.25B	7.09B	8.48B	3.76B
Total Cash And Short Term Investments	151B	178B	218B	205B	196B
Accounts Receivable, Total	-285M	-3M	-353M	919M	195B
Other Receivables	15.61B	47B	80.29B	116B	-
Total Receivables	15.33B	47B	79.93B	117B	195B
Prepaid Expenses	1.61B	2.34B	2.8B	2.26B	-
Other Current Assets, Total	1.62B	878M	2.16B	17B	10.83B
Total Current Assets	169B	228B	303B	341B	402B
Net Property Plant And Equipment	2.9B	2.62B	3.46B	2.78B	4.95B
Long-term Investments	25.04B	28.96B	28.92B	63.48B	85.87B
Goodwill	-	-	-	-	-
Other Intangibles, Total	679M	658M	666M	584M	570M
Deferred Tax Assets Long-Term	108M	2.36B	3.42B	7.8B	8.35B
Other Long-Term Assets, Total	2M	1M	1M	1M	3M
Total Assets	198B	263B	340B	415B	502B
Liabilities
Accounts Payable, Total	-	-	-	-	21.56B
Accrued Expenses, Total	2.18B	2.83B	3.3B	3.4B	-
Short-term Borrowings	-	19.6B	54.25B	55.12B	39.29B
Current Portion of Long-Term Debt	900M	35.4B	1.35B	16.71B	26.38B
Current Portion of Leases	-	-	-	-	1.16B
Current Income Taxes Payable	17.63B	23.92B	19.74B	26.14B	1.43B
Other Current Liabilities	89.42B	124B	146B	172B	213B
Total Current Liabilities	110B	205B	225B	274B	303B
Long-Term Debt	51.55B	16.15B	75.75B	85.7B	124B
Long-Term Leases	-	-	-	-	2.21B
Pension & Other Post Retirement Benefits	75M	92M	75M	42M	-
Deferred Tax Liability Non Current	191M	183M	162M	138M	95M
Other Non Current Liabilities	706M	763M	1.16B	581M	514M
Total Liabilities	163B	223B	302B	360B	430B
Common Stock, Total	41.44B	42.63B	44.63B	46.05B	47.35B
Additional Paid In Capital	41.4B	42.58B	44.58B	46B	50.19B
Retained Earnings	-51.87B	-46.15B	-53.76B	-40.69B	-29.12B
Comprehensive Income and Other	3.82B	560M	2.23B	3.3B	3.42B
Total Common Equity	34.78B	39.63B	37.68B	54.67B	71.84B
Minority Interest	582M	386M	314M	554M	308M
Total Equity	35.37B	40.01B	38B	55.23B	72.14B
Total Liabilities And Equity	198B	263B	340B	415B	502B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	157M	160M	161M	163M	164M
ECS Total Common Shares Outstanding	156M	158M	161M	162M	164M
Book Value / Share	222.77	251.1	234.32	336.52	438.32
Tangible Book Value	34.11B	38.97B	37.02B	54.09B	71.27B
Tangible Book Value Per Share	218.42	246.93	230.18	332.93	434.84
Total Debt	52.45B	71.15B	131B	158B	193B
Net Debt	-98.28B	-107B	-87.15B	-47.22B	-2.45B
Debt Equivalent of Unfunded Proj. Benefit Obligation	75M	92M	75M	42M	-
Minority Interest, Total (Incl. Fin. Div)	582M	386M	314M	554M	308M
Full Time Employees	1.79K	1.75K	2.21K	2.1K	2.08K
Accumulated Allowance for Doubtful Accounts (Supple)	1.4B	2.42B	4.81B	5.46B	10.86B

Fiscal Period: June	2020	2021	2022	2023	2024
Net Income	-20.52B	11.87B	-4B	16.39B	17.89B
Depreciation & Amortization - CF	1.46B	845M	818M	933M	2.04B
Amortization of Goodwill and Intangible Assets - (CF)	176M	-	-	-	-
Depreciation & Amortization, Total	1.64B	845M	818M	933M	2.04B
(Gain) Loss From Sale Of Asset	922M	-	51M	50M	-
(Gain) Loss on Sale of Investments - (CF)	204M	-6.83B	51M	325M	-
Other Operating Activities, Total	-14.72B	-12.49B	-9.31B	-37.63B	-29.76B
Change In Accounts Receivable	577M	-1.29B	-2.02B	-1.91B	-68.64B
Change In Accounts Payable	8.64B	1.53B	343M	1.23B	501M
Change in Other Net Operating Assets	35.79B	9.74B	-12.16B	-16.27B	34.63B
Cash from Operations	12.53B	3.37B	-26.22B	-36.88B	-43.34B
Capital Expenditure	-773M	-420M	-669M	-471M	-155M
Cash Acquisitions	-1.53B	-	-18M	-	-
Divestitures	18M	-	-	-	-
Investment in Marketable and Equity Securities, Total	-109M	6.94B	15M	-286M	-1.53B
Other Investing Activities, Total	-255M	385M	1M	125M	804M
Cash from Investing	-2.65B	6.91B	-671M	-632M	-877M
Short Term Debt Issued, Total	-	19.6B	34.65B	867M	-
Long-Term Debt Issued, Total	1B	-	50.88B	25.66B	51B
Total Debt Issued	1B	19.6B	85.53B	26.53B	51B
Short Term Debt Repaid, Total	-	-	-	-	-15.84B
Long-Term Debt Repaid, Total	-1.26B	-900M	-25.45B	-348M	-1.89B
Total Debt Repaid	-1.26B	-900M	-25.45B	-348M	-17.72B
Issuance of Common Stock	973M	835M	2.09B	832M	226M
Other Financing Activities, Total	-247M	236M	-104M	-172M	-1.41B
Cash from Financing	465M	19.77B	62.06B	26.84B	32.09B
Foreign Exchange Rate Adjustments	13M	406M	4.77B	1.32B	2.3B
Miscellaneous Cash Flow Adjustments	-124M	1M	-2M	-	1M
Net Change in Cash	10.23B	30.45B	39.94B	-9.36B	-9.82B
Supplemental Items
Cash Interest Paid	248M	232M	129M	183M	202M
Cash Income Tax Paid (Refund)	2.74B	2.43B	9.34B	2.98B	9.75B
Levered Free Cash Flow	35.22B	12.89B	-18.16B	-7.35B	-23.39B
Unlevered Free Cash Flow	35.38B	13.11B	-18.07B	-7.24B	-23.09B
Change In Net Working Capital	-46.58B	-9.44B	15.9B	18.34B	36.44B
Net Debt Issued / Repaid	-261M	18.7B	60.08B	26.18B	33.28B

Fiscal Period: June	2020	2021	2022	2023	2024
Profitability
Return on Assets	-6.67	1.41	-0.77	2.82	2.5
Return on Total Capital	-12.61	3.26	-1.66	5.57	4.8
Return On Equity %	-53.2	14.66	-19.59	27.71	21.13
Return on Common Equity	-53.13	15.37	-19.58	28.3	21.28
Margin Analysis
Gross Profit Margin %	72.91	77.09	64.7	66.5	69.22
SG&A Margin	94.56	68.89	62.91	52.67	53.97
EBITDA Margin %	-23.16	5.68	-1.97	10.44	10.88
EBITA Margin %	-25.08	4.89	-2.53	9.89	9.79
EBIT Margin %	-25.31	4.89	-2.53	9.89	9.79
Income From Continuing Operations Margin %	-30.1	5.21	-5.19	7.51	7.18
Net Income Margin %	-29.86	5.39	-5.15	7.6	7.18
Net Avail. For Common Margin %	-29.86	5.39	-5.15	7.6	7.18
Normalized Net Income Margin	-15.65	3.11	-1.61	6.43	6.39
Levered Free Cash Flow Margin	46.18	12.15	-12.35	-4.27	-12.48
Unlevered Free Cash Flow Margin	46.38	12.35	-12.29	-4.21	-12.32
Asset Turnover
Asset Turnover	0.42	0.46	0.49	0.46	0.41
Fixed Assets Turnover	31.86	38.39	48.33	55.12	48.49
Receivables Turnover (Average Receivables)	-4.01K	-736.91	-826.12	608	1.91
Short Term Liquidity
Current Ratio	1.54	1.11	1.35	1.25	1.33
Quick Ratio	1.51	1.09	1.33	1.17	1.29
Operating Cash Flow to Current Liabilities	0.11	0.02	-0.12	-0.13	-0.14
Days Sales Outstanding (Average Receivables)	-0.09	-0.5	-0.44	0.6	191.74
Long Term Solvency
Total Debt/Equity	148.29	177.82	345.7	285.24	267.95
Total Debt / Total Capital	59.73	64	77.56	74.04	72.82
LT Debt/Equity	145.75	40.36	199.36	155.17	175.31
Long-Term Debt / Total Capital	58.7	14.53	44.73	40.28	47.65
Total Liabilities / Total Assets	82.14	84.76	88.82	86.7	85.62
EBIT / Interest Expense	-77.85	15.12	-26.54	93.54	37.61
EBITDA / Interest Expense	-71.24	17.58	-20.69	98.66	41.79
(EBITDA - Capex) / Interest Expense	-74.36	16.36	-25.47	96.08	41.47
Total Debt / EBITDA	-2.97	11.8	-45.34	8.77	9.48
Net Debt / EBITDA	5.56	-17.67	30.08	-2.63	-0.12
Total Debt / (EBITDA - Capex)	-2.84	12.68	-36.83	9.01	9.55
Net Debt / (EBITDA - Capex)	5.33	-18.99	24.44	-2.7	-0.12
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	47.58	39.12	38.58	17.01	8.92
Gross Profit, 1 Yr. Growth %	43.26	47.09	16.31	20.26	13.38
EBITDA, 1 Yr. Growth %	59.4	-134.14	-148.04	-719.85	13.57
EBITA, 1 Yr. Growth %	61.13	-127.11	-171.64	-558.25	7.8
EBIT, 1 Yr. Growth %	58.92	-126.86	-171.64	-558.25	7.8
Earnings From Cont. Operations, 1 Yr. Growth %	66.8	-124.07	-238.26	-269.07	4.18
Net Income, 1 Yr. Growth %	65.45	-125.12	-232.33	-272.68	2.99
Normalized Net Income, 1 Yr. Growth %	56.88	-127.69	-171.57	-567.71	8.2
Diluted EPS Before Extra, 1 Yr. Growth %	55.67	-123.77	-234.66	-263.44	2.13
Accounts Receivable, 1 Yr. Growth %	-215.38	-98.95	11.67K	-360.34	21.17K
Net Property, Plant and Equip., 1 Yr. Growth %	54.28	-9.71	31.99	-19.67	77.96
Total Assets, 1 Yr. Growth %	20.97	32.58	29.46	22.19	20.82
Tangible Book Value, 1 Yr. Growth %	-31.59	14.26	-5.01	46.12	31.76
Common Equity, 1 Yr. Growth %	-31.71	13.92	-4.91	45.09	31.39
Cash From Operations, 1 Yr. Growth %	-271.94	-73.14	-878.65	40.68	17.5
Capital Expenditures, 1 Yr. Growth %	-54.5	-45.67	59.29	-29.6	-67.09
Levered Free Cash Flow, 1 Yr. Growth %	429.9	-63.39	-240.8	-59.51	218.21
Unlevered Free Cash Flow, 1 Yr. Growth %	428.36	-62.95	-237.83	-59.95	219
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	46.04	43.29	38.85	27.34	12.89
Gross Profit, 2 Yr. CAGR %	38.58	45.17	30.8	18.27	16.77
EBITDA, 2 Yr. CAGR %	110.64	-26.24	-59.51	72.55	165.32
EBITA, 2 Yr. CAGR %	112.97	-33.91	-55.93	81.18	122.26
EBIT, 2 Yr. CAGR %	108.95	-34.66	-56.13	81.18	122.26
Earnings From Cont. Operations, 2 Yr. CAGR %	80.57	-36.64	-42.32	52.89	32.72
Net Income, 2 Yr. CAGR %	79.84	-35.53	-42.35	51.16	33.36
Normalized Net Income, 2 Yr. CAGR %	100.66	-34.09	-55.48	82.96	124.95
Diluted EPS Before Extra, 2 Yr. CAGR %	56.19	-39.17	-43.42	48.35	29.2
Accounts Receivable, 2 Yr. CAGR %	16.22	-88.98	11.29	1.65K	2.25K
Net Property, Plant and Equip., 2 Yr. CAGR %	67.37	18.02	9.17	2.97	19.56
Total Assets, 2 Yr. CAGR %	29.68	26.64	31.01	25.77	21.51
Tangible Book Value, 2 Yr. CAGR %	-20.75	-11.59	4.18	17.81	38.75
Common Equity, 2 Yr. CAGR %	-20.05	-11.8	4.08	17.46	38.07
Cash From Operations, 2 Yr. CAGR %	90.96	-32.03	44.63	230.97	28.57
Capital Expenditures, 2 Yr. CAGR %	5.69	-50.28	-6.97	5.9	-51.87
Levered Free Cash Flow, 2 Yr. CAGR %	666.35	39.28	-28.2	-24.5	13.5
Unlevered Free Cash Flow, 2 Yr. CAGR %	633.67	39.92	-28.53	-25.7	13.03
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	51.19	43.69	41.7	31.15	20.87
Gross Profit, 3 Yr. CAGR %	42.18	41.36	34.83	27.19	16.62
EBITDA, 3 Yr. CAGR %	-	14.84	-36.06	0.54	50.1
EBITA, 3 Yr. CAGR %