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Investor Presentaiton

Quarterly performance ✓ The amount of loss decreased with each quarter, and Q4 was profitable as initially planned. (JPY million) 2,953 GURUNAVI 3,980 Q1 (1,027) ■Net sales Total cost ■Operating profit / loss 3,494 2,911 3,528 3,091 (582) (437) Q2 Q3 3,339 3,016 Q4 322 4

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