Mercari Inc (MRCIF) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

So we would like to begin Mayor Kari's FY24, ending in June, full-year earnings briefing. Thank you for joining this session and taking time out of your busy schedule. I am the emcee today. My name is Kyoko Kane. Thank you for having me. So I would like to go over the... the topics that we will cover today. First, CEO Shintaro Yamada will be talking about the midterm policy. And then afterwards, SVP of corporate and CFO Sayaka Eda will talk about the FY24 performance as well as the FY25 ending in June financial forecasts and business objectives. Please refrain from streaming the entire video presentation. Without further ado, Yamada will begin his explanation. Apologies. Apologies. Thank you for taking part in Mercari's full-year earnings briefing for FY 2024 ending in June. I'm Mercari CEO Shintaro Yamada. These are the topics we will be covering today. First, I will provide a summary of the last fiscal year and then Eda will describe it more in detail. This fiscal year, we focus on balancing growth and profitability while creating new businesses and accelerating the growth of existing businesses while looking 10 years ahead. As a result, as a group, we marked record high consolidated revenue as well as core operating profit. So we made steady progress this year. In particular, we were able to strengthen the profitability of our existing businesses. With respect to marketplace, the adjusted core operating margin reached the upper limit of the full-year target of 40%, and FinTech realized high revenue growth and core operating profit. Moreover, the core operating loss of the U.S. business significantly decreased. Secondly, we did well with respect to new services and areas we wanted to enhance. We launched MerCard at the end of 2022, and we've issued more than 3.4 mi...