Mercari, Inc. filed amended annual securities reports on 10 November 2026 for four fiscal years, replacing the pay-difference figures in each original with far higher numbers. The amended notes define the measure as women's average wage expressed as a percentage of men's average wage, calculated under the Act on Promotion of Women's Participation and Advancement in Professional Life. A reading of 69.13% therefore means women's average wage is 69.13% of men's, not a 69.13% gap.
The latest year
For the year to June 2026, the amended report shows 69.13% for all workers, 71.43% for regular employees and 35.24% for part-time and fixed-term workers. The report originally filed on 17 September 2026 showed 29.26%, 28.57% and 31.35%. Wages include base pay, bonuses and overtime, and exclude pre-listing stock options, employee share-ownership incentives and commuting allowances. The part-time and fixed-term calculation includes executive officers. The separate "unexplained" gap from Mercari's regression analysis is shown as no significant difference for the year, the same before and after.
Three earlier years
The amendments reach back to the reports originally filed on 28 September 2023, 25 September 2024 and 24 September 2025.
| Year to June | All workers (before → after) | Regular employees (before → after) | Part-time and fixed-term (before → after) |
|---|---|---|---|
| 2023 | Not shown → 59.58 | 37.5 → 62.54 | Not shown → 29.66 |
| 2024 | 33.32 → 64.26 | 33.10 → 66.90 | 26.18 → 30.31 |
| 2025 | 32.00 → 66.72 | 30.58 → 69.42 | 28.78 → 43.17 |
| 2026 | 29.26 → 69.13 | 28.57 → 71.43 | 31.35 → 35.24 |
The original report for the year to June 2023 covered regular employees only. The amended version covers all workers employed by the company, including those seconded to subsidiaries, and adds all-worker and part-time and fixed-term columns.
The year to June 2025 shows how the change reads in the text. The original said the all-worker gap had narrowed by 1.32% to 32.00%. The amended text says the ratio rose 2.46 points from the prior year, to 66.72%.
Each amended filing says only that parts of the original report contained errors. None explains how the earlier figures were calculated.