ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Flea market operator Mercari in search of new hit services

Former Japanese unicorn sinks deeper into the red on heavy US spending

Mercari is currently in a "growth phase," CEO Shintaro Yamada, right, said at the earnings event Thursday.

TOKYO --Mercari's first earnings as a publicly traded company highlight its dependence on the core flea market business in Japan, as the company explores new growth engines through trial and error.

Flea market app provider Mercari sustained a 7 billion yen ($63 million) net loss in the year ended June, far worse than the previous year, as vigorous spending in its most prized market of the U.S. squeezes earnings from core Japanese operations.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more