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Our fair value estimate is JPY 5,000 per share, with an implied fiscal 2024 (ending March 2025) enterprise value/EBITDA of 9.1 times.

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The number of Black people living in the United States reached a new high of 48.3 million in 2023. That’s up a third (33%) since 2000, according to a Pew Research Center analysis of government data.