Maruwa Co Ld 3rd Quarter Results
January 31 2024 - 2:31AM
RNS Regulatory News
RNS Number : 5159B
Maruwa Co Ld
31 January 2024
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Notice: This document is an excerpt
translation of the original Japanese document and is only for
reference purposes. In the event of any discrepancy between this
translated document and the original Japanese document, the latter
shall prevail.
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Summary of Consolidated
Financial Results
for the Nine Months Ended
December 31, 2023
(Based on Japanese
GAAP)
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January
31, 2024
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Company name:
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MARUWA CO., LTD.
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Stock exchange listing:
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Tokyo, Nagoya
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Stock code:
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5344
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URL
https://www.maruwa-g.com/
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Representative:
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President and Representative
Director
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Toshiro Kanbe
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Inquiries:
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Director
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Yukiko Morishita
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TEL 0561-51-0841
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Scheduled date to file Quarterly
Securities Report:
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February 9, 2024
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Scheduled date to commence dividend
payments:
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-
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Preparation of supplementary material
on quarterly financial results:
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No
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Holding of quarterly financial
results meeting:
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Yes
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(for analysts and institutional
investors)
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(Amounts
less than one million yen are rounded down)
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1. Consolidated financial results for
the nine months ended December 31, 2023 (from April 1, 2023 to
December 31, 2023)
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(1) Consolidated operating results
(cumulative)
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Percentages indicate year-on-year changes
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Net
sales
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Operating
profit
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Ordinary
profit
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Profit
attributable to owners of parent
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Millions
of yen
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%
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Millions
of yen
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%
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Millions
of yen
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%
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Millions
of yen
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%
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Nine months ended December 31,
2023
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45,026
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1.0
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14,393
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(10.3)
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14,967
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(11.9)
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10,603
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(11.2)
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Nine months ended December 31,
2022
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44,577
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11.2
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16,039
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20.0
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16,982
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22.9
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11,934
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25.5
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Earnings
per share
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Diluted
earnings per share
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Yen
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Yen
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Nine months ended December 31,
2023
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859.47
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-
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Nine months ended December 31,
2022
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967.35
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-
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(2) Consolidated financial
position
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Total
assets
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Net
assets
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Equity
ratio
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Millions
of yen
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Millions
of yen
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%
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As of December 31, 2023
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115,832
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104,131
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89.9
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As of March 31, 2023
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108,031
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94,215
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87.2
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2. Cash dividends
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Annual
dividends per share
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| 1st
quarter-end |
2nd
quarter-end
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3rd
quarter-end
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Fiscal
year-end
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Total
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Yen
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Yen
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Yen
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Yen
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Yen
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Year ended March 31, 2023
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-
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38.00
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-
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40.00
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78.00
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Year ending March 31,
2024
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-
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43.00
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-
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Year ending March 31, 2024
(Forecast)
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43.00
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86.00
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3. Forecast of consolidated financial
results for the year ending March 31, 2024 (from April 1, 2023 to March 31, 2024)
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Percentages indicate year-on-year changes
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Net
sales
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Operating
profit
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Ordinary
profit
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Profit
attributable to owners of parent
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Earnings
per share
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|
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Millions
of yen
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%
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Millions
of yen
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%
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Millions
of yen
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%
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Millions
of yen
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%
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Yen
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Full
year
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62,130
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5.7
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20,350
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1.0
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-
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-
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-
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-
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-
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4. Notes
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(1) Changes in significant
subsidiaries during the nine months ended December 31,
2023
(changes in specified subsidiaries
resulting in the change in scope of consolidation):
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No
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(2) Application of special accounting
methods for preparing quarterly consolidated financial
statements:
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No
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(3) Changes in accounting policies,
changes in accounting estimates, and restatement of prior period
financial statements
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Changes in accounting policies due to
revisions to accounting standards and other regulations:
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No
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Changes in accounting policies due to
other reasons:
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No
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Changes in accounting
estimates:
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No
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Restatement of prior period financial
statements:
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No
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(4) Number of issued shares (common
shares)
Total number of issued shares at the
end of the period (including treasury shares)
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As of December 31, 2023
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12,372,000
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shares
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As of March 31, 2023
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12,372,000
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shares
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Number of treasury shares at the end
of the period
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As of December 31, 2023
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34,083
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shares
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As of March 31, 2023
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34,649
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shares
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Average number of shares during the
period (cumulative from the beginning of the fiscal
year)
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Nine months ended December 31,
2023
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12,337,511
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shares
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Nine months ended December 31,
2022
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12,337,418
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shares
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Quarterly consolidated financial statements
Consolidated balance sheets
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(Millions of yen)
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As of March 31, 2023
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As of December 31,
2023
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Assets
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Current assets
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Cash and deposits
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49,795
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49,851
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Notes receivable - trade
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343
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268
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Accounts receivable - trade
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10,701
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13,663
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Electronically recorded monetary claims -
operating
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1,820
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1,936
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Merchandise and finished goods
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2,267
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2,509
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Work in process
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2,905
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3,086
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Raw materials and supplies
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3,767
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4,488
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Other
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3,043
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2,117
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Allowance for doubtful accounts
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(9)
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(10)
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Total current assets
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74,634
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77,913
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Non-current assets
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Property, plant and equipment
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Buildings and structures, net
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14,075
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15,832
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Machinery, equipment and vehicles, net
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7,446
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12,066
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Land
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4,872
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4,991
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Construction in progress
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3,920
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2,159
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Other, net
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731
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845
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Total property, plant and equipment
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31,046
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35,895
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Intangible assets
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Other
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284
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324
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Total intangible assets
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284
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324
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Investments and other assets
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2,066
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1,698
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Total non-current assets
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33,397
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37,918
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Total assets
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108,031
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115,832
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(Millions of yen)
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As of March 31, 2023
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As of December 31,
2023
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Liabilities
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Current liabilities
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Notes and accounts payable - trade
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2,975
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3,267
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Electronically recorded obligations - operating
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1,542
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2,303
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Current portion of long-term borrowings
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333
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200
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Income taxes payable
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2,684
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1,126
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Provision for bonuses
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914
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535
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Provision for bonuses for directors (and other
officers)
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124
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62
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Other
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4,334
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3,311
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Total current liabilities
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12,910
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10,807
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Non-current liabilities
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Long-term borrowings
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400
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400
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Deferred tax liabilities
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141
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130
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Other
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364
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361
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Total non-current liabilities
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905
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892
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Total liabilities
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13,816
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11,700
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Net assets
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Shareholders' equity
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Share capital
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8,646
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8,646
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Capital surplus
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12,018
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12,031
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Retained earnings
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73,381
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82,961
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Treasury shares
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(209)
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(208)
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Total shareholders' equity
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93,838
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103,431
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Accumulated other comprehensive income
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Valuation difference on available-for-sale
securities
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125
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167
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Foreign currency translation adjustment
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251
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533
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Total accumulated other comprehensive income
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377
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700
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Total net assets
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94,215
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104,131
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Total liabilities and net assets
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108,031
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115,832
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Consolidated statements of income (cumulative) and consolidated
statements of comprehensive income (cumulative)
Consolidated statements of income
(cumulative)
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(Millions of yen)
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Nine months ended
December 31, 2022
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Nine months ended
December 31, 2023
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Net sales
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44,577
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45,026
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Cost of sales
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20,972
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22,412
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Gross profit
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23,604
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22,613
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Selling, general and administrative expenses
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7,565
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8,220
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Operating profit
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16,039
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14,393
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Non-operating income
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Interest income
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62
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133
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Rental income
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72
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88
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Foreign exchange gains
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819
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311
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Other
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38
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93
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Total non-operating income
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993
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627
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Non-operating expenses
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Interest expenses
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4
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1
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Rent expenses on real estate for investments
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33
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35
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Other
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12
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15
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Total non-operating expenses
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50
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52
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Ordinary profit
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16,982
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14,967
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Extraordinary income
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|
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Gain on sale of non-current assets
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0
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-
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Gain on sale of investment securities
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-
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39
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Gain on liquidation of subsidiaries
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3
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-
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Subsidy income
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15
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-
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Total extraordinary income
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19
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39
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Extraordinary losses
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|
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Loss on sale and retirement of non-current assets
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32
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150
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Other
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-
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8
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Total extraordinary losses
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32
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159
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Profit before income taxes
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16,969
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14,848
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Income taxes - current
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4,621
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3,952
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Income taxes - deferred
|
412
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291
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Total income taxes
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5,034
|
4,244
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Profit
|
11,934
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10,603
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Profit attributable to owners of parent
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11,934
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10,603
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Consolidated statements of comprehensive income
(cumulative)
|
|
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(Millions of yen)
|
|
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Nine months ended
December 31, 2022
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Nine months ended
December 31, 2023
|
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Profit
|
11,934
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10,603
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Other comprehensive income
|
|
|
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Valuation difference on available-for-sale
securities
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(12)
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42
|
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Foreign currency translation adjustment
|
339
|
281
|
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Total other comprehensive income
|
327
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323
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Comprehensive income
|
12,261
|
10,927
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Comprehensive income attributable to
|
|
|
|
Comprehensive income attributable to owners of
parent
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12,261
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10,927
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