Mercari (4385 JP): Japan’s Leading C2C Trading App at 14x P/E with Margin Uplift Potential
I’m fascinated by the market for second-hand goods. eBay has existed for many decades, but it was only with the smartphone that the market took off.
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Primer: Mercari (4385 JP) - Aug 2026
Mercari is the dominant Consumer-to-Consumer (C2C) marketplace in Japan, commanding a significant market share driven by a powerful network...
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Mercari (4385) | Profitability on the Rise with More Levers to Pull
​Q2 saw record margins with Japan profitability up and losses narrowing in Fintech and the US; A US exit could lead to further margin improvement,...
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Mercari (4385) | Activist to Add Urgency
​Q4 results show slowing GMV growth but better costs, management bullish on FY6/25 guidance, activist investor sees restructuring and fintech upside.
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Sep24 Nikkei 225 Rebal - Still 1 ADD (Ryohin Keikaku), 1 DELETE, and 1 Very Large Very Dark Horse
The Nikkei 225 Rebal for Sep24 has 3mos before the data cutoff. I still see one ADD and one DELETE. There is a possible dark horse ADD, and Fast...
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