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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Mercari, Inc.    4385   JP3921290007

MERCARI, INC.

(4385)
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Japan's Mothers index outpaces rest of Asia on digitalisation bets

09/18/2020 | 07:06am EST

Japan's Mothers index for start-ups has emerged as the best-performing stock market in Asia this year as individual investors bet on the shift to remote work and digitalisation caused by the coronavirus crisis.

The Mothers board, a Nasdaq-style market for small start-ups listed on the Tokyo Stock Exchange, has soared 32% since the start of the year to its highest in more than two years.

Shenzhen's stock exchange index is this year's second-best performer, rising more than 28%, followed by Korea's KOSPI index with a 9.96% gain this year.

"This is fuelled almost exclusively by individual investors betting on stocks that benefited from coronavirus lockdowns," said Yosuke Nakamura, a senior researcher at NLI Research Institute. "Japan's new government also plans to place more emphasis on IT and digitalisation."

The Mothers board comprises mostly small-cap software, Internet services and biotech companies, favoured by many Japanese retail investors.

There have been 32 initial public offerings so far this year on the Mothers index, which has boosted investors' expectations of a further rally in stocks.

Small cap stocks quickly bounced back from the coronavirus shock, supported by "the presence of retail investors who favour momentum trades", analysts at Okasan Securities said in an Aug. 24 report.

The best performing company on the Mothers index is e-commerce platform BASE Inc, up 510% this year.

Mercari Inc, which runs a platform allowing users to auction goods to each other, has the largest market capitalization on the index at 743.6 billion yen ($7.13 billion). Its shares have climbed more than 116% so far this year.

The Mothers index rose 0.51% on Friday.

($1 = 104.2600 yen)

By Eimi Yamamitsu


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
BASE,INC. 3.40% 13380 End-of-day quote.37.09%
KOSPI COMPOSITE INDEX 0.12% 3152.13 Real-time Quote.9.81%
MERCARI, INC. -0.76% 5250 End-of-day quote.14.75%
NASDAQ COMP. 0.09% 13543.061633 Delayed Quote.4.99%
OKASAN SECURITIES GROUP INC. -2.89% 403 End-of-day quote.7.47%
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More news
Financials
Sales 2021 103 B 990 M 990 M
Net income 2021 -427 M -4,11 M -4,11 M
Net cash 2021 14 976 M 144 M 144 M
P/E ratio 2021 460x
Yield 2021 -
Capitalization 824 B 7 943 M 7 939 M
EV / Sales 2021 7,87x
EV / Sales 2022 6,37x
Nbr of Employees 1 792
Free-Float 62,0%
Chart MERCARI, INC.
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Mercari, Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends MERCARI, INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 9
Average target price 5 537,50 JPY
Last Close Price 5 250,00 JPY
Spread / Highest target 23,8%
Spread / Average Target 5,48%
Spread / Lowest Target -10,5%
EPS Revisions
Managers and Directors
NameTitle
Shintaro Yamada Chairman & Chief Executive Officer
Fumiaki Koizumi President, Chief Operating Officer & Director
Akira Nagasawa Chief Financial Officer & Executive Officer
Takashi Namura Chief Technology Officer
Taiga Matsuyama Independent Outside Director
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