New Street Research - Mercari Inc. (4385) New Street: Mercari (Buy, TP: ¥9,000, +70%) Strong upward guidance revision suggests jump in Q4 profitability and is positive signal for medium term

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New Street Research

Chris Hoare

New Street: Mercari (Buy, TP: ¥9,000, +70%) Strong upward guidance revision suggests jump in Q4 profitability and is positive signal for medium term

Mercari has announced today (after the market) a strong upwards revision of its FY21 guidance which suggests relatively good top line performance and strong profitability for Q4.

23/06/2021 2 EN

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Mercari Inc.

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JP3921290007 Japan

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New Street Research

Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

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Analysts

Chris Hoare

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New Street: Mercari (Buy, TP: ¥9,000, +70%) Strong upward guidance revision suggests jump in Q4 profitability and is positive signal for medium term

PSA Strategy: Japan Stock Market Quarterly for 2025 Q2

PSA Broadline Retail: Mercari (4385 JT) – Empowering Ecosystem

PSA Strategy: Japan Stock Market Quarterly 2024 Q4

Thai Telcos Auction concludes, no major surprises

VIPS 2Q25 Preview: Lowering 2Q Topline Estimates

Microsoft vs. OpenAI: Implications for investors?

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