Mercari – The US Push and the Merpay Strategy
We visited Mercari today to discuss the recent results and the company’s strategy and long-term outlook. In particular we wanted to assess the...
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Mercari – Shift to Supply-Focused Promotions Slow GMV Growth
Mercari dropped 18.9% following its 1QFY06/20 earnings release as GMV growth in both Japan and the US disappointed and costs for the US business...
509 Views
ZOZO: From Here to Tender Close
On 11 September 2019, Z Holdings (4689 JP) announced it would buy a stake in ZOZO Inc (3092 JP) of a minimum of 101.97mm shares (33.4%) up to...
771 Views
Mercari: Micro-Quantamental Support for LT 40% OPM and Signs of a US Turnaround Say Buy
With Mercari down 55% from the intraday high it reached on its first trading day despite strong revenue growth, we assess the whether it is time to...
652 Views
Zozo: What Are the Downside Risks Post-Tender Close?
Yesterday in our initial commentary on the announcement of Yahoo Japan (4689 JP)'s tender offer for 50.1% of ZOZO Inc (3092 JP) we were somewhat...
745 Views