Note: This document is an English translation of the original Japanese language document and has been prepared solely for reference purposes. No warranties or assurances are given regarding the accuracy or completeness of this English translation. In the event of any discrepancy between this English translation and the original Japanese language document, the original Japanese language document shall prevail in all respects.
December 23, 2021 | |
To whom it may concern: | |
Company Name: | Mercari, Inc. |
Representative: | Shintaro Yamada, Chief Executive Officer |
Code: 4385; TSE Mothers | |
Enquiries: | Jun Yokota, SVP Corporate |
Phone: +81-3-6804-6907 |
Notice of Consolidated Subsidiary's Liquidation of Fixed-Amount Payment Receivables
Mercari, Inc. (the "Company") announces that, at the meeting of the board of directors held today, it resolved to raise the limit on liquidated fixed-amount payment receivables of a consolidated subsidiary.
This is a change to the liquidation of receivables disclosed in "Notice of Consolidated Subsidiary's Liquidation of Fixed-Amount Payment Receivables" published on February 4, 2021.
1. Purpose of Liquidation
By increasing the maximum amount to accompany the increase in fixed-amount payment receivables held by Merpay, Inc. ("Merpay"), a consolidated subsidiary of the Company, the Company aims to more efficiently utilize Merpay's owned assets and strengthen its financial base.
2. Amount of Fixed-Amount Payment Receivables Newly Liquidated
Up to 30,000 million yen (total amount of fixed-amount payment receivables liquidated including the
amount previously disclosed: up to 60,000 million yen)
3. Future Outlook
The impact of this liquidation on the performance of the Company for the fiscal year ending June 2022 is negligible.
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Mercari Inc. published this content on 23 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 December 2021 06:16:07 UTC.