Mercari, a major flea market app company, posted its final profit in the black for the first time since its listing in the one-year financial results until June.
The main reason for this is the increase in online sales against the backdrop of the corona wreckage.
Mercari announced that its financial results for the year to June were 106.1 billion yen, up 39% from the same period of the previous year.
In addition, the final profit was 5.7 billion yen, which was the first full-year profit since listing on the Tokyo Stock Exchange in 2018.
This is mainly due to the increase in commission income due to the increase in the number of people who clean up the room and list unnecessary items on the app and purchase the items while staying at home for a long time due to corona damage. It is a factor.
The number of users has increased by about 2 million over the past year to over 19.5 million.
Last month, the company plans to expand its customer base by launching a new service that allows small and medium-sized businesses as well as individuals to easily open stores online.
Regarding the flea market apps, Yahoo and Rakuten are also increasing the number of users against the background of the nesting in the corona virus.
Shintaro Yamada, president of Mercari, stated that he would like to maximize future profits rather than staying in the black, and expressed his intention to make aggressive investments.