[Mercari] Introduction of Medium- to Long-Term Incentive Scheme Aiming for a Market Capitalization of 20 Trillion Yen ｜ July 2026

Overview of the Scheme

Mercari has introduced a performance-based stock unit (PSU) scheme that grants shares when the market capitalization exceeds 20 trillion yen, with the aim of fostering the motivation and challenge spirit of management and enhancing corporate value. The scheme requires the market capitalization to surpass 20 trillion yen during a specified period five years after the grant date; if not achieved, shares are not granted. It is a special scheme that grants shares to management including the CEO Executive Officer, not through annual grants but as a one-time grant. The number of shares to be granted is 898,970 shares, with a total estimated value of about 4.1 billion yen.

Future Outlook and Impact on Shareholders

This scheme encourages management's risk-taking and challenge-driven efforts, serving as a medium- to long-term incentive to achieve discontinuous growth. Upon reaching a market capitalization of 20 trillion yen, the value of the stock-based compensation is expected to reach approximately 10.9 billion yen, with about 10 billion yen in stock-based compensation for the CEO Executive Officer. The introduction of this scheme aims to enhance corporate value and maximize shareholder value.