Business
Mercari : Notice of Consolidated Subsidiary's Liquidation of Fixed-Amount Payment Receivables
Mercari : Notice of Consolidated Subsidiary's Liquidation of Fixed-Amount Payment
About this update from Mercari, Inc.
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.