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Consolidated income statement Net sales Cost of sales Gross profit SG&A expenses Operating income Ordinary income (JPY million) Net income before income taxes Net income attributable to owners of parent GURUNAVI FY2018 Ratio to sales FY2019 Ratio to sales YOY Change 32,728 100.0% 30,927 100.0% (5.5)% 10,645 32.5% 10,136 32.8% (4.8)% 22,083 67.5% 20,790 67.2% (5.9)% 20,867 63.8% 18,968 61.3% (9.1)% 1,216 3.7% 1,821 5.9% 49.8% 1,289 3.9% 1,894 6.1% 46.9% 1,267 3.9% 1,649 5.3% 30.2% 581 1.8% 949 3.1% 63.2% 4

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