M-mart Inc.

Operating profit expanded approximately 2.3-fold from ¥270 million to ¥633 million between FY2022 (ending March 2022) and FY2026 (ending March 2026). In FY2026 (ending March 2026), operating expenses decreased 5.4% due to lower personnel and recruitment costs, achieving an operating margin of 46.4%. The platform model, which carries no inventory risk, underpins this high-profitability structure.

The number of buyer members at the end of the fiscal year ending January 2026 was 239,439 companies (up 12,099 companies, or 5.3%, from the end of the previous fiscal year). Growth has continued at a pace of approximately 1,000 companies per month, steadily expanding the platform's user base. The increase in membership directly enhances the value of listing for seller companies, strengthening network effects.

All system development is conducted in-house, eliminating dependency risk on external parties while enabling rapid feature improvements. AI (ChatGPT) was implemented on the food ingredients site in April 2023, and the Cost & Profit Forecasting AI began service in December 2025, reflecting the company's continuous, self-directed technological innovation.

Concrete discussions are progressing with multiple major food manufacturers, including those in the livestock and marine products sectors. By having M-mart handle sales and collection on behalf of major manufacturers for small and medium-sized buyer companies that face difficulties obtaining credit and opening accounts, new food distribution channels will be developed. Opening is planned for July 2026, and the initiative is expected to create a new revenue source leveraging the existing customer base.

Preparations are underway to launch the "Automatic Cooking Equipment Advertising & Sales Market," an advertising and sales site for automatic cooking equipment, targeting the food service industry, which faces a worsening labor shortage. By leveraging a customer base of approximately 250,000 companies, the initiative aims to provide food service operators with access to labor-saving and efficiency-enhancing equipment, and to offer manufacturers efficient sales expansion opportunities, creating synergies with existing businesses.

The total transaction value of the "Crash Price (special sale)" event held in the first quarter reached ¥41.12 million, 2.6 times the amount achieved in the same period the previous year. Building on the high praise from both sellers and buyers, the company aims to establish regular holdings of the event, further improve convenience, and promote the creation of an attractive marketplace to expand total transaction value.

Following a resolution by the Board of Directors on March 17, 2026, a 1-for-2 stock split is planned to take effect on August 1, 2026. The total number of issued shares will double from 4,890,800 shares to 9,781,600 shares, and the total number of authorized shares will be changed to 28,000,000 shares. By lowering the investment unit, the company aims to expand its investor base, including individual investors, and improve share liquidity.

Maintaining a monthly increase of approximately 1,000 companies, the number of buyer members reached 242,337 companies (up 2,940 companies from the end of the previous fiscal year) as of the end of the first quarter. The accumulation of members is generating a positive cycle of expanding total transaction value, increasing revenue, and improving profit margins, and will also serve as a sales channel for future new business development.