Mercari (JP:4385) has released an update.
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Mercari, Inc. has announced the repurchase and subsequent cancellation of its Zero Coupon Convertible Bonds due in 2026 and 2028 to enhance corporate value and capital efficiency. The repurchases are set for September 13, 2024, with a combined total repurchase amount of ¥19,576,100,000, leading to an expected financial income of ¥1.1 billion for Q1 of FY2025. This financial move will not alter the previously announced consolidated financial results forecast for the fiscal year.
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