{
 "as_of": "2026-11-06",
 "cmr": "jp-cm-kg/TSE-PRIME/4385",
 "fence": "The page is the record's research on the issuer — no analyst, no rating, no view.",
 "markdown": "The page is the record's research on the issuer — no analyst, no rating, no view.\n\n# Mercari,Inc. (Prime Market: 4385) — research page\n\nAs of 2026-11-06 · jp-cm-kg · record version 1\n\n## Identity and listing\n\nThe issuer is Mercari,Inc., listed on the Prime Market under ticker 4385. Its ISIN is JP3921290007 and its LEI is 3538009SK4V5AXSTUJ26. Its security type is Corporate, its segment is not on the record, and its sector is 5250 Information & Communication. Its jurisdiction is Japan (EDINET domestic filer). Its status is listed, not halted.\n\n## The disclosure read\n\nThe record holds 13 filings across 12 filing days in the twelve months to 2026-11-06. The filings are 9 ad hoc, 2 corporate news, 1 regulatory filing and 1 results. The median gap between filing days is 13 days. The latest filing is an ad hoc filing dated 2026-10-16, which is 21 days before the record date. The Prime Market median is 13 filings, a 29.0-day cadence gap and 70.0 days of latency across 1557 issuers; the Prime Market median filing count is 10, which is below the issuer's 13. The 5250 Information & Communication sector median is 8.0 filings, a 38-day cadence gap and 85.0 days of latency across 644 issuers; the sector median filing count is 8.0, which is below the issuer's 13.\n\n## Auditor\n\nThe auditor of record is EY新日本有限責任監査法人. Its location is not on the record. Auditor changes are not on the record.\n\n## Events and halts\n\nListing, delisting, name change, domicile change and segment move are not on the record, as this register has no lifecycle type map yet. The halt flag is listed, not halted.\n\n## Orderability\n\nFor the client category Qualified Institutional Investors, the outcome is not determinable, because the rule states a product scope and the subject's record carries no instrument class to place within it. The rule version is acm-68000/jp/suitability-principle-fiea-article-40/r1, and the chapter is as of 2026-11-04.\n\n## Coverage\n\nThe issuer's investor-relations page names 15 research houses: BofA Securities Japan Co., Ltd., Citi Research, Daiwa Securities Co. Ltd., JPMorgan Securities Japan Co., Ltd., Macquarie Capital Limited, Mizuho Securities Co., Ltd., Morgan Stanley MUFG Securities Co., Ltd., Morningstar, Inc., MST FINANCIAL SERVICES PTY LTD, Okasan Securities Co., Ltd., SBI Securities Co., Ltd., SMBC Nikko Securities Inc., UBS Securities Japan Co., Ltd., Morgan Stanley, and MUFG Securities Co., Ltd.\n\n## Open research\n\nNo openly published research notes were found on the record.\n\n## Licensed\n\nLicensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.\n\n## As-of depth\n\nThe issuer has no sealed years on the record. The market's vintage is not sealed, and the live record began on a date not on the record.\n\n## Sources\n\n10 source pages are named on this page; every value above carries its own source page and read date in the numbers.\n\n- https://www.jpx.co.jp/english/markets/statistics-equities/misc/tvdivq0000001vg2-att/data_e.xlsx (identity.exchange)\n- https://mapping.gleif.org/api/v2/isin-lei/latest (identity.isin)\n- https://disclosure2dl.edinet-fsa.go.jp/searchdocument/codelist/Edinetcode.zip (identity.jurisdiction)\n- https://mapping.gleif.org/api/v2/isin-lei/latest/download (identity.lei)\n- https://mcp.jp-cm-kg.ai/events/TSE-PRIME/4385 (the disclosure lines)\n- https://www.jpx.co.jp/markets/equities/suspended/index.html (the halt flag)\n- https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100WQDW (the auditor)\n- https://mcp.jp-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://about.mercari.com/en/ir/stock/analyst/ (coverage)\n- https://mcp.jp-cm-kg.ai/record/TSE-PRIME/4385 (the record)\n",
 "market": "JP",
 "node": "jp-cm-kg",
 "numbers": {
  "as_of_depth": {
   "issuer_years_sealed": [],
   "live_record_began": null,
   "node_history_from": null,
   "node_years_sealed": [],
   "note": "the JP vintage is not sealed; the record is the live record as of 2026-11-06",
   "record_version": 1,
   "sealed": false
  },
  "auditor": {
   "auditor": {
    "read_by": "EDINET XBRL-to-CSV facts (API v2 type=5, 有価証券報告書 docTypeCode 120) — element jpcrp_cor:AuditFirm1Consolidated",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100WQDW",
    "state": "sourced",
    "value": "EY新日本有限責任監査法人"
   },
   "auditor_firm_id": {
    "market": "JP",
    "state": "not_on_record"
   },
   "auditor_location": {
    "market": "JP",
    "state": "not_on_record"
   },
   "changes": {
    "market": "JP",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "cmr": "jp-cm-kg/TSE-PRIME/4385",
  "coverage": {
   "count": 15,
   "houses": [
    {
     "analyst": "Yoshitaka Nagao",
     "house": "BofA Securities Japan Co., Ltd.",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://about.mercari.com/en/ir/stock/analyst/",
     "state": "sourced"
    },
    {
     "analyst": "Keiichi Yoneshima",
     "house": "Citi Research",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://about.mercari.com/en/ir/stock/analyst/",
     "state": "sourced"
    },
    {
     "analyst": "Shingo Kumazawa",
     "house": "Daiwa Securities Co. Ltd.",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://about.mercari.com/en/ir/stock/analyst/",
     "state": "sourced"
    },
    {
     "analyst": "Junko Yamamura",
     "house": "JPMorgan Securities Japan Co., Ltd.",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://about.mercari.com/en/ir/stock/analyst/",
     "state": "sourced"
    },
    {
     "analyst": "Hangil Moon",
     "house": "Macquarie Capital Limited",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://about.mercari.com/en/ir/stock/analyst/",
     "state": "sourced"
    },
    {
     "analyst": "Akitomo Kishimoto",
     "house": "Mizuho Securities Co., Ltd.",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://about.mercari.com/en/ir/stock/analyst/",
     "state": "sourced"
    },
    {
     "analyst": "Tetsuro Tsusaka",
     "house": "Morgan Stanley MUFG Securities Co., Ltd.",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://about.mercari.com/en/ir/stock/analyst/",
     "state": "sourced"
    },
    {
     "analyst": "Pujance Chan",
     "house": "Morningstar, Inc.",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://about.mercari.com/en/ir/stock/analyst/",
     "state": "sourced"
    },
    {
     "analyst": "David Gibson",
     "house": "MST FINANCIAL SERVICES PTY LTD",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://about.mercari.com/en/ir/stock/analyst/",
     "state": "sourced"
    },
    {
     "analyst": "Yusuke Okumura",
     "house": "Okasan Securities Co., Ltd.",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://about.mercari.com/en/ir/stock/analyst/",
     "state": "sourced"
    },
    {
     "analyst": "Yukari Housui",
     "house": "SBI Securities Co., Ltd.",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://about.mercari.com/en/ir/stock/analyst/",
     "state": "sourced"
    },
    {
     "analyst": "Kuni Kanamori",
     "house": "SMBC Nikko Securities Inc.",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://about.mercari.com/en/ir/stock/analyst/",
     "state": "sourced"
    },
    {
     "analyst": "Yijia Zhai",
     "house": "UBS Securities Japan Co., Ltd.",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://about.mercari.com/en/ir/stock/analyst/",
     "state": "sourced"
    },
    {
     "house": "Morgan Stanley",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://about.mercari.com/en/ir/stock/analyst/",
     "state": "sourced"
    },
    {
     "analyst": "Tetsuro Tsusaka",
     "house": "MUFG Securities Co., Ltd.",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://about.mercari.com/en/ir/stock/analyst/",
     "state": "sourced"
    }
   ],
   "pages_checked": [
    {
     "page": "https://about.mercari.com/en/ir/stock/analyst/",
     "result": "read: 15 of 29 named houses found on the page"
    }
   ],
   "read_by": "Perplexity sonar (search) · page read by this rail",
   "read_date": "2026-11-12",
   "since": "not stated on the page read",
   "state": "found"
  },
  "disclosure": {
   "against": {
    "exchange": {
     "issuers": 1557,
     "median_cadence_gap_days": 29,
     "median_filings": 10,
     "median_latency_days": 70,
     "name": "Prime Market"
    },
    "sector": {
     "issuers": 644,
     "median_cadence_gap_days": 38,
     "median_filings": 8,
     "median_latency_days": 85,
     "name": "5250 Information & Communication"
    }
   },
   "by_type": {
    "ad_hoc": 9,
    "corporate_news": 2,
    "regulatory_filing": 1,
    "results": 1
   },
   "cadence_median_gap_days": 13,
   "filing_days": 12,
   "filings": 13,
   "latency_days": 21,
   "latest": [
    {
     "category": "臨時報告書 (extraordinary report)",
     "date": "2026-10-16",
     "source": "https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100Z8QK",
     "title": "臨時報告書",
     "type": "ad_hoc"
    },
    {
     "category": "自己株券買付状況報告書 (share buy-back status report)",
     "date": "2026-10-14",
     "source": "https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100Z824",
     "title": "自己株券買付状況報告書（法２４条の６第１項に基づくもの）",
     "type": "corporate_news"
    },
    {
     "category": "臨時報告書 (extraordinary report)",
     "date": "2026-10-13",
     "source": "https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100Z7MA",
     "title": "臨時報告書",
     "type": "ad_hoc"
    },
    {
     "category": "臨時報告書 (extraordinary report)",
     "date": "2026-10-09",
     "source": "https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100Z7DL",
     "title": "臨時報告書",
     "type": "ad_hoc"
    },
    {
     "category": "自己株券買付状況報告書 (share buy-back status report)",
     "date": "2026-09-07",
     "source": "https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100Z0W7",
     "title": "自己株券買付状況報告書（法２４条の６第１項に基づくもの）",
     "type": "corporate_news"
    }
   ],
   "latest_filing_date": "2026-10-16",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.jp-cm-kg.ai/events/TSE-PRIME/4385",
   "window": {
    "from": "2025-11-06",
    "to": "2026-11-06"
   }
  },
  "identity": {
   "exchange": {
    "read_by": "JPX listed-issuers workbook (data_e.xlsx, English)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.jpx.co.jp/english/markets/statistics-equities/misc/tvdivq0000001vg2-att/data_e.xlsx",
    "state": "sourced",
    "value": "Prime Market"
   },
   "isin": {
    "read_by": "GLEIF ISIN list for the LEI (lei-records/<lei>/isins) (the one equity-pattern ISIN JP3…00x)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://mapping.gleif.org/api/v2/isin-lei/latest (isin-lei-latest.zip, ISINs mapped to the LEI)",
    "state": "sourced",
    "value": "JP3921290007"
   },
   "jurisdiction": {
    "read_by": "EDINET code list (Edinetcode.zip, filer master with corporate number) (提出者種別)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/codelist/Edinetcode.zip",
    "state": "sourced",
    "value": "Japan (EDINET domestic filer)"
   },
   "lei": {
    "read_by": "GLEIF ISIN-to-LEI mapping file (daily), LEI by exact ISIN",
    "read_date": "2026-11-08",
    "read_date_basis": "the field",
    "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download (ISIN JP3921290007)",
    "state": "sourced",
    "value": "3538009SK4V5AXSTUJ26"
   },
   "name": {
    "read_by": "JPX listed-issuers workbook (data_e.xlsx, English)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.jpx.co.jp/english/markets/statistics-equities/misc/tvdivq0000001vg2-att/data_e.xlsx",
    "state": "sourced",
    "value": "Mercari,Inc."
   },
   "sector": {
    "read_by": "JPX listed-issuers workbook (data_e.xlsx, English) (33-sector classification)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.jpx.co.jp/english/markets/statistics-equities/misc/tvdivq0000001vg2-att/data_e.xlsx",
    "state": "sourced",
    "value": "5250 Information & Communication"
   },
   "security_type": {
    "read_by": "JPX listed-issuers workbook (data_e.xlsx, English)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.jpx.co.jp/english/markets/statistics-equities/misc/tvdivq0000001vg2-att/data_e.xlsx",
    "state": "sourced",
    "value": "Corporate"
   },
   "segment": {
    "market": "JP",
    "state": "not_on_record"
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   "ticker": {
    "read_by": "JPX listed-issuers workbook (data_e.xlsx, English)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.jpx.co.jp/english/markets/statistics-equities/misc/tvdivq0000001vg2-att/data_e.xlsx",
    "state": "sourced",
    "value": "4385"
   },
   "website": {
    "market": "JP",
    "state": "not_on_record"
   }
  },
  "licensed": {
   "columns": [
    "licensor",
    "entitlement",
    "title",
    "date",
    "source"
   ],
   "rows": [],
   "rule": "A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded."
  },
  "lifecycle": {
   "delisting": {
    "market": "JP",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "domicile_change": {
    "market": "JP",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
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   "listing": {
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    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
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   "name_change": {
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    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
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   "segment_move": {
    "market": "JP",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
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  "market": "JP",
  "node": "jp-cm-kg",
  "numbers_hash": "sha256:1f38a310884b0cbc49f0e2b73860ad427e2200e38b01fbdd4b0dd5727c9b8169",
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   "rows": [],
   "state": "none_found"
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  "orderability": {
   "chapter_as_of": "2026-11-04",
   "client_categories": [
    "Qualified Institutional Investors"
   ],
   "outcomes": {
    "Qualified Institutional Investors": {
     "determinable": false,
     "reason": "the rule states a product scope and the subject's record carries no instrument class to place within it",
     "signal": null
    }
   },
   "read": {
    "basis": "one live read per instrument class, halt state and client category on this market; this issuer's group",
    "chapter": "https://mcp.jp-cm-kg.ai/book/aio.json",
    "door": "https://mcp.jp-cm-kg.ai/mcp",
    "tool": "get_orderability"
   },
   "rule_version": "acm-68000/jp/suitability-principle-fiea-article-40/r1",
   "section": "jp.aio.v6"
  },
  "record": {
   "as_of": "2026-11-06",
   "url": "https://mcp.jp-cm-kg.ai/record/TSE-PRIME/4385",
   "version": 1
  },
  "schema": "research-numbers v0.1 (USR-01, 2026-11-11)",
  "status": {
   "read_date": "2026-11-08",
   "source": "https://www.jpx.co.jp/markets/equities/suspended/index.html",
   "value": "listed, not halted"
  }
 },
 "numbers_hash": "sha256:1f38a310884b0cbc49f0e2b73860ad427e2200e38b01fbdd4b0dd5727c9b8169",
 "path": "/jp/TSE-PRIME/4385",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "The issuer is Mercari,Inc., listed on the Prime Market under ticker 4385. Its ISIN is JP3921290007 and its LEI is 3538009SK4V5AXSTUJ26. Its security type is Corporate, its segment is not on the record, and its sector is 5250 Information & Communication. Its jurisdiction is Japan (EDINET domestic filer). Its status is listed, not halted.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 13 filings across 12 filing days in the twelve months to 2026-11-06. The filings are 9 ad hoc, 2 corporate news, 1 regulatory filing and 1 results. The median gap between filing days is 13 days. The latest filing is an ad hoc filing dated 2026-10-16, which is 21 days before the record date. The Prime Market median is 13 filings, a 29.0-day cadence gap and 70.0 days of latency across 1557 issuers; the Prime Market median filing count is 10, which is below the issuer's 13. The 5250 Information & Communication sector median is 8.0 filings, a 38-day cadence gap and 85.0 days of latency across 644 issuers; the sector median filing count is 8.0, which is below the issuer's 13.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor of record is EY新日本有限責任監査法人. Its location is not on the record. Auditor changes are not on the record.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "Listing, delisting, name change, domicile change and segment move are not on the record, as this register has no lifecycle type map yet. The halt flag is listed, not halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "For the client category Qualified Institutional Investors, the outcome is not determinable, because the rule states a product scope and the subject's record carries no instrument class to place within it. The rule version is acm-68000/jp/suitability-principle-fiea-article-40/r1, and the chapter is as of 2026-11-04.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "The issuer's investor-relations page names 15 research houses: BofA Securities Japan Co., Ltd., Citi Research, Daiwa Securities Co. Ltd., JPMorgan Securities Japan Co., Ltd., Macquarie Capital Limited, Mizuho Securities Co., Ltd., Morgan Stanley MUFG Securities Co., Ltd., Morningstar, Inc., MST FINANCIAL SERVICES PTY LTD, Okasan Securities Co., Ltd., SBI Securities Co., Ltd., SMBC Nikko Securities Inc., UBS Securities Japan Co., Ltd., Morgan Stanley, and MUFG Securities Co., Ltd.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "No openly published research notes were found on the record.",
   "title": "Open research"
  },
  {
   "id": "licensed",
   "text": "Licensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.",
   "title": "Licensed"
  },
  {
   "id": "depth",
   "text": "The issuer has no sealed years on the record. The market's vintage is not sealed, and the live record began on a date not on the record.",
   "title": "As-of depth"
  },
  {
   "id": "sources",
   "text": "10 source pages are named on this page; every value above carries its own source page and read date in the numbers.",
   "title": "Sources"
  }
 ],
 "sources": [
  {
   "for": "identity.exchange",
   "source": "https://www.jpx.co.jp/english/markets/statistics-equities/misc/tvdivq0000001vg2-att/data_e.xlsx"
  },
  {
   "for": "identity.isin",
   "source": "https://mapping.gleif.org/api/v2/isin-lei/latest"
  },
  {
   "for": "identity.jurisdiction",
   "source": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/codelist/Edinetcode.zip"
  },
  {
   "for": "identity.lei",
   "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download"
  },
  {
   "for": "the disclosure lines",
   "source": "https://mcp.jp-cm-kg.ai/events/TSE-PRIME/4385"
  },
  {
   "for": "the halt flag",
   "source": "https://www.jpx.co.jp/markets/equities/suspended/index.html"
  },
  {
   "for": "the auditor",
   "source": "https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100WQDW"
  },
  {
   "for": "the orderability chapter",
   "source": "https://mcp.jp-cm-kg.ai/book/aio.json"
  },
  {
   "for": "coverage",
   "source": "https://about.mercari.com/en/ir/stock/analyst/"
  },
  {
   "for": "the record",
   "source": "https://mcp.jp-cm-kg.ai/record/TSE-PRIME/4385"
  }
 ],
 "title": "Mercari,Inc. (4385) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}