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Mercari's Net Loss Expands to 13.7 B Yen

Mercari's Net Loss Expands to 13.7 B Yen

   Tokyo, Aug. 9 (Jiji Press)--Online flea market operator Mercari Inc. <4385> has said its consolidated net loss expanded to 13.7 billion yen in the year through June from the previous year's 7 billion yen, bleeding red ink for the seventh straight year since its founding in 2013.
   The result reflects an expansion in investment costs for its Merpay cashless payment service, which was launched in February, and for its business operations in the United States, according to the company's earnings report released on Thursday.

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