Mercari has finished the share buyback its board authorized on August 5, and the numbers show the company hit its spending limit well before it exhausted its share allowance. Between August 6 and August 24, the online flea-market operator bought back 2,118,800 common shares on the Tokyo Stock Exchange through a discretionary trading contract, spending ¥9.99bn.
That is essentially the entire ¥10bn monetary ceiling the board set, but only about 53% of the 4,000,000-share cap it also authorized. Mercari's board had given itself until October 30 to complete the purchases; instead it finished by August 24, a sign the stock traded at a level that let the company reach its yen budget before it exhausted its share allowance.
| Metric | Board Authorization (Aug 5, 2026) | Actual Result |
|---|---|---|
| Shares | Up to 4,000,000 shares (2.4% of shares outstanding, cap) | 2,118,800 shares (1.3% of shares outstanding) |
| Amount spent | Up to ¥10.0bn (cap) | ¥9.99bn |
| Purchase period | August 6 to October 30, 2026 | August 6 to August 24, 2026 |
| Cancellation date | N/A | November 12, 2026 (all repurchased shares) |
All 2,118,800 repurchased shares will be cancelled on November 12, a move confirmed the same day as the buyback results. That represents 1.3% of the 165,300,174 shares Mercari had outstanding as of August 25, before cancellation.
The filing does not say why Mercari chose to prioritize the yen ceiling over the share-count ceiling, and it makes no comment on trading conditions during the buyback window. What is on the record is the arithmetic: a ¥9.99bn outlay, a 1.3% reduction in shares outstanding once the cancellation takes effect, and a November 12 date for the paperwork to catch up with the market purchases.