ScoreWhy is Mercari, Inc. ?
1
Company has a low Debt to Equity ratio (avg) at times
2
Healthy long term growth as Net Sales has grown by an annual rate of 23.02% and Operating profit at 24.24%
3
Flat results in Dec 25
- INTEREST(HY) At JPY 474 MM has Grown at 111.61%
- DEBTORS TURNOVER RATIO(HY) Lowest at 0.77 times
- DEBT-EQUITY RATIO (HY) Highest at 67.74 %
4
With ROE of 19.43%, it has a expensive valuation with a 4.83 Price to Book Value
- The stock is trading at a premium compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of 34.02%, its profits have fallen by -5.6%
Real-Time Research ReportHow much should you hold?
- Overall Portfolio exposure to Mercari, Inc. should be less than 10%
- Overall Portfolio exposure to E-Retail/ E-Commerce should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in E-Retail/ E-Commerce)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Mercari, Inc. for you?
Medium Risk, High Return
Absolute
Risk Adjusted
Volatility
Mercari, Inc.
34.02%
1.41
47.25%
Japan Nikkei 225
36.73%
1.30
28.24%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
23.02%
EBIT Growth (5y)
24.24%
EBIT to Interest (avg)
25.74
Debt to EBITDA (avg)
0
Net Debt to Equity (avg)
-0.07
Sales to Capital Employed (avg)
0.74
Tax Ratio
37.90%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
21.28%
ROE (avg)
12.74%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
25
Industry P/E
Price to Book Value
4.83
EV to EBIT
15.86
EV to EBITDA
14.84
EV to Capital Employed
5.13
EV to Sales
2.12
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
32.35%
ROE (Latest)
19.43%
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bearish
Bullish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bullish
Mildly Bullish
Moving Averages
Bullish (Daily)
KST
Mildly Bearish
Bullish
Dow Theory
Mildly Bullish
No Trend
OBV
No Trend
No Trend
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend11What is working for the Company
RAW MATERIAL COST(Y)
Fallen by -2.9% (YoY
NET PROFIT(9M)
Higher at JPY 24,969 MM
NET SALES(Q)
Highest at JPY 56,815 MM
OPERATING PROFIT(Q)
Highest at JPY 11,547 MM
OPERATING PROFIT MARGIN(Q)
Highest at 20.32 %
PRE-TAX PROFIT(Q)
Highest at JPY 10,874 MM
-11What is not working for the Company
INTEREST(HY)
At JPY 474 MM has Grown at 111.61%
DEBTORS TURNOVER RATIO(HY)
Lowest at 0.77 times
DEBT-EQUITY RATIO
(HY)
Highest at 67.74 %
Here's what is working for Mercari, Inc.
Net Profit
At JPY 24,969 MM has Grown at 106.49%
Year on Year (YoY)MOJO Watch
Near term Net Profit trend is very positive
Net Profit (JPY MM)
Net Sales
Highest at JPY 56,815 MM
in the last five periodsMOJO Watch
Near term sales trend is positive
Net Sales (JPY MM)
Net Sales
At JPY 56,815 MM has Grown at 15.27%
over average net sales of the previous four periods of JPY 49,287.25 MMMOJO Watch
Near term sales trend is positive
Net Sales (JPY MM)
Operating Profit
Highest at JPY 11,547 MM
in the last five periodsMOJO Watch
Near term Operating Profit trend is positive
Operating Profit (JPY MM)
Operating Profit Margin
Highest at 20.32 %
in the last five periodsMOJO Watch
Company's profit margin has improved
Operating Profit to Sales
Pre-Tax Profit
Highest at JPY 10,874 MM
in the last five periodsMOJO Watch
Near term Pre-Tax Profit trend is positive
Pre-Tax Profit (JPY MM)
Net Profit
Higher at JPY 24,969 MM
than preceding 12 month period ended Dec 2025MOJO Watch
In the nine month period the company has already crossed sales of the previous twelve months
Net Profit (JPY MM)
Raw Material Cost
Fallen by -2.9% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has improved; this may lead to a rise in profit margin
Raw Material Cost as a percentage of Sales
Depreciation
Highest at JPY 639 MM
in the last five periodsMOJO Watch
The expenditure on assets done by the company may have gone into operation
Depreciation (JPY MM)
Here's what is not working for Mercari, Inc.
Interest
At JPY 474 MM has Grown at 111.61%
over previous Semi-Annual periodMOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (JPY MM)
Debtors Turnover Ratio
Lowest at 0.77 times and Fallen
In each half year in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling Debtors has slowed
Debtors Turnover Ratio
Debt-Equity Ratio
Highest at 67.74 %
in the last five Semi-Annual periodsMOJO Watch
The company is borrowing more to fund its operations; it's liquidity situation may be stressed
Debt-Equity Ratio
InfinHub Market Technologies FZ-LLC, Building-2, Unit 112, Dubai Internet City, Dubai, United Arab Emirates
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