Mercari Inc (MRCIF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for waiting, everyone. It is time, so we would like to begin Mayor Kari's FY2026 second quarter earnings briefing session. I will be the emcee today. My name is Kyoko Kamei. Thank you very much. Today, we would like to welcome Mayor Kari, SVP of Corporate and CFO Sayaka Eda, to come to the podium and go through the FY2026 Q2 results. After the briefing session, we would like to have some time for Q&A from the press gathered here today. This session will end at 4.35. Please refrain from recording and distributing the session in its entirety. Thank you, Eda-san. Please go ahead. Good afternoon. Today, we would like to take you through FY2026Q2 earnings briefing session. Thank you very much for joining the earnings briefing session for Mayor Kari. CFO Eda, I will be taking you through the results today. This is the overview of today's agenda. First, we would like to take you through some highlights of the consolidated results. So from the beginning of the fiscal year, we have mentioned our priority will be improving the core experience of our product. And we can see the impact from those efforts. And we also invested in marketing, and they had a positive impact. So Marketplace and US both achieved double-digit GMV growth for the first time in a while. And with respect to FinTech as well, Payment and credit both also achieved high growth. So all three core businesses have grown this quarter. Therefore, the year-on-year growth in Q2 was 15%. And we have invested in marketing initiatives and campaigns because it is a peak season for us. But we've seen year-on-year core operating profit growth of 54%. So it grew quite dramatically this quarter. So we believe that the core operating profit or the initiative to improve the core product, core experience, translated t...