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Kokusai Electric (6525)

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  • 6716.0
  • +126.0+1.91%
20min DelayMarket Closed May 18 15:30 JST
1.60TMarket Cap52.25P/E (Static)

Kokusai Electric (6525) Balance Sheet

Quarterly+Annual
YOY yoy
Hide blank lines yoy
(FY)Mar 31, 2026
(Q4)Mar 31, 2026
(Q3)Dec 31, 2025
(Q2)Sep 30, 2025
(Q1)Jun 30, 2025
(FY)Mar 31, 2025
(Q4)Mar 31, 2025
(Q3)Dec 31, 2024
(Q2)Sep 30, 2024
(Q1)Jun 30, 2024
Assets
Current assets
Cash, cash equivalents and short term investments
26.34%56.54B
26.34%56.54B
-21.40%47.73B
-36.82%43.81B
-51.28%42.77B
-51.68%44.76B
-51.68%44.76B
-29.80%60.72B
-20.81%69.33B
-7.11%87.78B
-Cash and cash equivalents
26.34%56.54B
26.34%56.54B
-21.40%47.73B
-36.82%43.81B
-51.28%42.77B
-51.68%44.76B
-51.68%44.76B
-29.80%60.72B
-20.81%69.33B
-7.11%87.78B
Receivables
-11.43%37.94B
-11.43%37.94B
-14.67%36.15B
12.03%38.07B
-7.91%39.09B
33.88%42.84B
33.88%42.84B
13.84%42.37B
1.16%33.98B
46.53%42.44B
-Accounts receivable
-11.43%37.94B
-11.43%37.94B
-14.67%36.15B
12.03%38.07B
-7.91%39.09B
33.88%42.84B
33.88%42.84B
13.84%42.37B
1.16%33.98B
46.53%42.44B
Inventory
6.84%88.89B
6.84%88.89B
1.91%92.76B
3.22%89.33B
9.26%89.63B
-5.11%83.2B
-5.11%83.2B
4.84%91.02B
0.30%86.54B
2.19%82.03B
Other current assets
19.54%2.47B
19.54%2.47B
51.07%2.91B
7.23%2.06B
-26.87%2.04B
-21.27%2.06B
-21.27%2.06B
55.46%1.92B
58.53%1.92B
54.06%2.79B
Total current assets
7.51%185.84B
7.51%185.84B
-8.41%179.54B
-9.66%173.26B
-19.31%173.52B
-19.57%172.85B
-19.57%172.85B
-7.43%196.03B
-8.08%191.78B
4.62%215.03B
Non current assets
Net PPE
16.78%57.22B
16.78%57.22B
11.26%55.12B
6.80%52.21B
2.99%49.26B
32.69%49B
32.69%49B
41.46%49.54B
88.89%48.88B
92.14%47.83B
-Gross PP&E
16.78%57.22B
16.78%57.22B
11.26%55.12B
6.80%52.21B
2.99%49.26B
32.69%49B
32.69%49B
41.46%49.54B
88.89%48.88B
92.14%47.83B
Total investment
-7.27%1.58B
-7.27%1.58B
13.72%1.71B
11.54%1.69B
1.33%1.68B
3.27%1.71B
3.27%1.71B
-8.75%1.5B
-12.01%1.52B
-1.31%1.66B
-Financial asset investment
-7.27%1.58B
-7.27%1.58B
13.72%1.71B
11.54%1.69B
1.33%1.68B
3.27%1.71B
3.27%1.71B
-8.75%1.5B
-12.01%1.52B
-1.31%1.66B
-Including:Available-for-sale securities
-7.27%1.58B
-7.27%1.58B
13.72%1.71B
11.54%1.69B
1.33%1.68B
3.27%1.71B
3.27%1.71B
-8.75%1.5B
-12.01%1.52B
-1.31%1.66B
Goodwill and other intangible assets
-2.86%109.97B
-2.86%109.97B
-1.19%110.39B
-1.82%111.08B
-2.01%112.25B
-2.46%113.2B
-2.46%113.2B
-4.95%111.72B
-4.93%113.14B
-4.93%114.55B
-Goodwill
0.00%59.07B
0.00%59.07B
0.00%59.07B
0.00%59.07B
0.00%59.07B
0.00%59.07B
0.00%59.07B
0.00%59.07B
0.00%59.07B
0.00%59.07B
-Other intangible assets
-5.98%50.9B
-5.98%50.9B
-2.53%51.32B
-3.81%52.01B
-4.14%53.18B
-5.01%54.14B
-5.01%54.14B
-9.96%52.65B
-9.79%54.07B
-9.67%55.48B
Deferred tax assets-non current
28.60%2.19B
28.60%2.19B
46.28%1.89B
36.76%1.74B
16.16%1.64B
21.38%1.7B
21.38%1.7B
10.26%1.29B
5.73%1.27B
30.77%1.41B
Other non current assets
-6.20%2.86B
-6.20%2.86B
-45.21%3.46B
-40.91%3.34B
-36.42%3.16B
-31.90%3.05B
-31.90%3.05B
56.27%6.32B
57.28%5.65B
54.31%4.98B
Total non current assets
3.06%173.82B
3.06%173.82B
1.29%172.56B
-0.24%170.06B
-1.43%167.99B
5.07%168.66B
5.07%168.66B
6.87%170.37B
12.59%170.46B
12.59%170.42B
Total assets
5.31%359.66B
5.31%359.66B
-3.90%352.11B
-5.22%343.32B
-11.40%341.51B
-9.04%341.51B
-9.04%341.51B
-1.29%366.4B
0.61%362.24B
8.00%385.45B
Liabilities
Current liabilities
Financial liabilities
2.20%12.52B
2.20%12.52B
37.39%13.27B
35.97%12.33B
42.30%13.77B
47.79%12.25B
47.79%12.25B
19.10%9.66B
21.79%9.07B
22.78%9.68B
-Current debt and capital lease obligation
3.73%12.37B
3.73%12.37B
37.52%12.16B
36.20%12.04B
48.43%11.96B
48.75%11.93B
48.75%11.93B
21.87%8.84B
21.17%8.84B
22.38%8.06B
-Including:Current debt
1.45%11.51B
1.45%11.51B
37.66%11.36B
38.82%11.45B
51.45%11.36B
51.32%11.35B
51.32%11.35B
22.22%8.25B
22.22%8.25B
25.00%7.5B
-Including:Current capital Lease obligation
48.36%859M
48.36%859M
35.58%804M
-0.34%591M
7.57%597M
11.56%579M
11.56%579M
17.19%593M
8.21%593M
-4.64%555M
-Other financial liabilities
-55.17%143M
-55.17%143M
35.94%1.11B
26.79%284M
11.85%1.81B
19.03%319M
19.03%319M
-4.44%818M
52.38%224M
24.81%1.62B
Payables
-13.56%28.72B
-13.56%28.72B
-25.52%28.55B
-22.20%31.14B
-34.06%29.21B
-20.90%33.23B
-20.90%33.23B
-6.10%38.34B
20.22%40.02B
41.11%44.29B
-accounts payable
7.40%25.35B
7.40%25.35B
-13.08%26.36B
-17.96%25.66B
-36.43%24.57B
-35.62%23.61B
-35.62%23.61B
-19.72%30.33B
5.50%31.28B
33.38%38.66B
-Total tax payable
-65.01%3.37B
-65.01%3.37B
-72.64%2.19B
-37.38%5.48B
-17.79%4.63B
80.25%9.62B
80.25%9.62B
162.64%8.01B
139.87%8.75B
134.32%5.63B
Current provisions
-24.47%1.29B
-24.47%1.29B
-42.92%1.33B
-24.36%1.45B
-20.71%1.59B
-13.34%1.71B
-13.34%1.71B
19.11%2.34B
7.70%1.92B
3.78%2B
Accrued and deferred income
37.07%47.93B
37.07%47.93B
28.17%38.06B
11.10%32.76B
22.84%34.58B
6.29%34.97B
6.29%34.97B
-8.98%29.7B
-22.30%29.49B
-29.00%28.15B
Other current liabilities
-47.60%273M
-47.60%273M
-89.18%232M
-77.64%417M
-70.73%452M
-78.13%521M
-78.13%521M
1,146.51%2.14B
552.10%1.87B
1,782.93%1.54B
Current liabilities
9.75%90.73B
9.75%90.73B
-0.88%81.45B
-5.18%78.09B
-7.09%79.59B
-5.57%82.67B
-5.57%82.67B
-1.82%82.17B
1.99%82.36B
5.85%85.66B
Non current liabilities
Non current financial liabilities
-22.31%37.49B
-22.31%37.49B
-46.06%43.68B
-47.74%42.37B
-43.50%48.34B
-43.23%48.26B
-43.23%48.26B
-8.70%80.98B
-8.66%81.06B
-7.58%85.56B
-Long term debt and capital lease obligation
-22.31%37.49B
-22.31%37.49B
-46.06%43.68B
-47.74%42.37B
-43.50%48.34B
-43.23%48.26B
-43.23%48.26B
-8.70%80.98B
-8.66%81.06B
-7.58%85.56B
-Including:Long term debt
-24.66%35.31B
-24.66%35.31B
-48.02%41.32B
-48.33%41.08B
-44.03%47.01B
-44.21%46.86B
-44.21%46.86B
-9.40%79.5B
-9.40%79.5B
-8.20%84B
-Including:Long term capital lease obligation
56.93%2.19B
56.93%2.19B
59.11%2.36B
-17.58%1.29B
-14.66%1.33B
39.44%1.39B
39.44%1.39B
56.66%1.48B
57.00%1.56B
45.33%1.56B
Long term provisions
49.03%307M
49.03%307M
6.19%223M
78.23%221M
47.22%212M
56.06%206M
56.06%206M
114.29%210M
26.53%124M
46.94%144M
Long term pension and other post-retirement benefit plans
-4.27%2.8B
-4.27%2.8B
-7.17%2.91B
-5.86%2.92B
-5.45%2.97B
-7.17%2.93B
-7.17%2.93B
0.74%3.14B
0.29%3.1B
2.28%3.14B
Non current deferred liabilities
-20.90%8.85B
-20.90%8.85B
-8.55%10.85B
-10.07%11.29B
-3.66%11.39B
-7.84%11.19B
-7.84%11.19B
-21.48%11.86B
-16.82%12.56B
-20.23%11.82B
Other non current liabilities
114.29%210M
114.29%210M
9.56%149M
2.65%116M
0.00%96M
22.50%98M
22.50%98M
7.09%136M
2.73%113M
1.05%96M
Total non current liabilities
-20.76%49.66B
-20.76%49.66B
-39.98%57.81B
-41.30%56.92B
-37.47%63B
-37.64%62.67B
-37.64%62.67B
-10.09%96.33B
-9.51%96.96B
-8.94%100.75B
Total liabilities
-3.41%140.39B
-3.41%140.39B
-21.98%139.26B
-24.71%135.01B
-23.51%142.59B
-22.71%145.34B
-22.71%145.34B
-6.47%178.5B
-4.57%179.32B
-2.69%186.41B
Shareholders'equity
Share capital
0.38%14.14B
0.38%14.14B
4.56%14.14B
7.32%14.14B
10.01%14.14B
25.08%14.09B
25.08%14.09B
26.04%13.52B
31.68%13.18B
28.46%12.85B
-common stock
0.38%14.14B
0.38%14.14B
4.56%14.14B
7.32%14.14B
10.01%14.14B
25.08%14.09B
25.08%14.09B
26.04%13.52B
31.68%13.18B
28.46%12.85B
Additional paid-in capital
-6.08%23.61B
-6.08%23.61B
-5.78%24.1B
-6.17%24.22B
-7.77%24.31B
-8.99%25.13B
-8.99%25.13B
-8.49%25.58B
-8.93%25.81B
-7.00%26.36B
Retained earnings
12.27%191.46B
12.27%191.46B
14.48%184.55B
15.22%181.45B
12.97%172.67B
19.71%170.53B
19.71%170.53B
17.83%161.2B
22.40%157.49B
24.80%152.85B
Less: Treasury stock
-11.03%16.01B
-11.03%16.01B
-8.24%16.52B
-7.56%16.64B
--16.99B
--18B
--18B
--18B
--18B
----
Other equity interest
37.61%6.09B
37.61%6.09B
17.53%6.58B
15.62%5.14B
-31.38%4.79B
-27.03%4.42B
-27.03%4.42B
15.03%5.6B
-13.28%4.44B
55.00%6.98B
Total stockholders'equity
11.78%219.27B
11.78%219.27B
13.27%212.84B
13.88%208.31B
-0.06%198.92B
4.69%196.17B
4.69%196.17B
4.18%187.9B
6.26%182.92B
20.39%199.04B
Total equity
11.78%219.27B
11.78%219.27B
13.27%212.84B
13.88%208.31B
-0.06%198.92B
4.69%196.17B
4.69%196.17B
4.18%187.9B
6.26%182.92B
20.39%199.04B
Currency Unit
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
Accounting Standards
NonUS-GAAP
NonUS-GAAP
NonUS-GAAP
NonUS-GAAP
NonUS-GAAP
NonUS-GAAP
NonUS-GAAP
NonUS-GAAP
NonUS-GAAP
NonUS-GAAP
(FY)Mar 31, 2026(Q4)Mar 31, 2026(Q3)Dec 31, 2025(Q2)Sep 30, 2025(Q1)Jun 30, 2025(FY)Mar 31, 2025(Q4)Mar 31, 2025(Q3)Dec 31, 2024(Q2)Sep 30, 2024(Q1)Jun 30, 2024
Assets
Current assets
Cash, cash equivalents and short term investments 26.34%56.54B26.34%56.54B-21.40%47.73B-36.82%43.81B-51.28%42.77B-51.68%44.76B-51.68%44.76B-29.80%60.72B-20.81%69.33B-7.11%87.78B
-Cash and cash equivalents 26.34%56.54B26.34%56.54B-21.40%47.73B-36.82%43.81B-51.28%42.77B-51.68%44.76B-51.68%44.76B-29.80%60.72B-20.81%69.33B-7.11%87.78B
Receivables -11.43%37.94B-11.43%37.94B-14.67%36.15B12.03%38.07B-7.91%39.09B33.88%42.84B33.88%42.84B13.84%42.37B1.16%33.98B46.53%42.44B
-Accounts receivable -11.43%37.94B-11.43%37.94B-14.67%36.15B12.03%38.07B-7.91%39.09B33.88%42.84B33.88%42.84B13.84%42.37B1.16%33.98B46.53%42.44B
Inventory 6.84%88.89B6.84%88.89B1.91%92.76B3.22%89.33B9.26%89.63B-5.11%83.2B-5.11%83.2B4.84%91.02B0.30%86.54B2.19%82.03B
Other current assets 19.54%2.47B19.54%2.47B51.07%2.91B7.23%2.06B-26.87%2.04B-21.27%2.06B-21.27%2.06B55.46%1.92B58.53%1.92B54.06%2.79B
Total current assets 7.51%185.84B7.51%185.84B-8.41%179.54B-9.66%173.26B-19.31%173.52B-19.57%172.85B-19.57%172.85B-7.43%196.03B-8.08%191.78B4.62%215.03B
Non current assets
Net PPE 16.78%57.22B16.78%57.22B11.26%55.12B6.80%52.21B2.99%49.26B32.69%49B32.69%49B41.46%49.54B88.89%48.88B92.14%47.83B
-Gross PP&E 16.78%57.22B16.78%57.22B11.26%55.12B6.80%52.21B2.99%49.26B32.69%49B32.69%49B41.46%49.54B88.89%48.88B92.14%47.83B
Total investment -7.27%1.58B-7.27%1.58B13.72%1.71B11.54%1.69B1.33%1.68B3.27%1.71B3.27%1.71B-8.75%1.5B-12.01%1.52B-1.31%1.66B
-Financial asset investment -7.27%1.58B-7.27%1.58B13.72%1.71B11.54%1.69B1.33%1.68B3.27%1.71B3.27%1.71B-8.75%1.5B-12.01%1.52B-1.31%1.66B
-Including:Available-for-sale securities -7.27%1.58B-7.27%1.58B13.72%1.71B11.54%1.69B1.33%1.68B3.27%1.71B3.27%1.71B-8.75%1.5B-12.01%1.52B-1.31%1.66B
Goodwill and other intangible assets -2.86%109.97B-2.86%109.97B-1.19%110.39B-1.82%111.08B-2.01%112.25B-2.46%113.2B-2.46%113.2B-4.95%111.72B-4.93%113.14B-4.93%114.55B
-Goodwill 0.00%59.07B0.00%59.07B0.00%59.07B0.00%59.07B0.00%59.07B0.00%59.07B0.00%59.07B0.00%59.07B0.00%59.07B0.00%59.07B
-Other intangible assets -5.98%50.9B-5.98%50.9B-2.53%51.32B-3.81%52.01B-4.14%53.18B-5.01%54.14B-5.01%54.14B-9.96%52.65B-9.79%54.07B-9.67%55.48B
Deferred tax assets-non current 28.60%2.19B28.60%2.19B46.28%1.89B36.76%1.74B16.16%1.64B21.38%1.7B21.38%1.7B10.26%1.29B5.73%1.27B30.77%1.41B
Other non current assets -6.20%2.86B-6.20%2.86B-45.21%3.46B-40.91%3.34B-36.42%3.16B-31.90%3.05B-31.90%3.05B56.27%6.32B57.28%5.65B54.31%4.98B
Total non current assets 3.06%173.82B3.06%173.82B1.29%172.56B-0.24%170.06B-1.43%167.99B5.07%168.66B5.07%168.66B6.87%170.37B12.59%170.46B12.59%170.42B
Total assets 5.31%359.66B5.31%359.66B-3.90%352.11B-5.22%343.32B-11.40%341.51B-9.04%341.51B-9.04%341.51B-1.29%366.4B0.61%362.24B8.00%385.45B
Liabilities
Current liabilities
Financial liabilities 2.20%12.52B2.20%12.52B37.39%13.27B35.97%12.33B42.30%13.77B47.79%12.25B47.79%12.25B19.10%9.66B21.79%9.07B22.78%9.68B
-Current debt and capital lease obligation 3.73%12.37B3.73%12.37B37.52%12.16B36.20%12.04B48.43%11.96B48.75%11.93B48.75%11.93B21.87%8.84B21.17%8.84B22.38%8.06B
-Including:Current debt 1.45%11.51B1.45%11.51B37.66%11.36B38.82%11.45B51.45%11.36B51.32%11.35B51.32%11.35B22.22%8.25B22.22%8.25B25.00%7.5B
-Including:Current capital Lease obligation 48.36%859M48.36%859M35.58%804M-0.34%591M7.57%597M11.56%579M11.56%579M17.19%593M8.21%593M-4.64%555M
-Other financial liabilities -55.17%143M-55.17%143M35.94%1.11B26.79%284M11.85%1.81B19.03%319M19.03%319M-4.44%818M52.38%224M24.81%1.62B
Payables -13.56%28.72B-13.56%28.72B-25.52%28.55B-22.20%31.14B-34.06%29.21B-20.90%33.23B-20.90%33.23B-6.10%38.34B20.22%40.02B41.11%44.29B
-accounts payable 7.40%25.35B7.40%25.35B-13.08%26.36B-17.96%25.66B-36.43%24.57B-35.62%23.61B-35.62%23.61B-19.72%30.33B5.50%31.28B33.38%38.66B
-Total tax payable -65.01%3.37B-65.01%3.37B-72.64%2.19B-37.38%5.48B-17.79%4.63B80.25%9.62B80.25%9.62B162.64%8.01B139.87%8.75B134.32%5.63B
Current provisions -24.47%1.29B-24.47%1.29B-42.92%1.33B-24.36%1.45B-20.71%1.59B-13.34%1.71B-13.34%1.71B19.11%2.34B7.70%1.92B3.78%2B
Accrued and deferred income 37.07%47.93B37.07%47.93B28.17%38.06B11.10%32.76B22.84%34.58B6.29%34.97B6.29%34.97B-8.98%29.7B-22.30%29.49B-29.00%28.15B
Other current liabilities -47.60%273M-47.60%273M-89.18%232M-77.64%417M-70.73%452M-78.13%521M-78.13%521M1,146.51%2.14B552.10%1.87B1,782.93%1.54B
Current liabilities 9.75%90.73B9.75%90.73B-0.88%81.45B-5.18%78.09B-7.09%79.59B-5.57%82.67B-5.57%82.67B-1.82%82.17B1.99%82.36B5.85%85.66B
Non current liabilities
Non current financial liabilities -22.31%37.49B-22.31%37.49B-46.06%43.68B-47.74%42.37B-43.50%48.34B-43.23%48.26B-43.23%48.26B-8.70%80.98B-8.66%81.06B-7.58%85.56B
-Long term debt and capital lease obligation -22.31%37.49B-22.31%37.49B-46.06%43.68B-47.74%42.37B-43.50%48.34B-43.23%48.26B-43.23%48.26B-8.70%80.98B-8.66%81.06B-7.58%85.56B
-Including:Long term debt -24.66%35.31B-24.66%35.31B-48.02%41.32B-48.33%41.08B-44.03%47.01B-44.21%46.86B-44.21%46.86B-9.40%79.5B-9.40%79.5B-8.20%84B
-Including:Long term capital lease obligation 56.93%2.19B56.93%2.19B59.11%2.36B-17.58%1.29B-14.66%1.33B39.44%1.39B39.44%1.39B56.66%1.48B57.00%1.56B45.33%1.56B
Long term provisions 49.03%307M49.03%307M6.19%223M78.23%221M47.22%212M56.06%206M56.06%206M114.29%210M26.53%124M46.94%144M
Long term pension and other post-retirement benefit plans -4.27%2.8B-4.27%2.8B-7.17%2.91B-5.86%2.92B-5.45%2.97B-7.17%2.93B-7.17%2.93B0.74%3.14B0.29%3.1B2.28%3.14B
Non current deferred liabilities -20.90%8.85B-20.90%8.85B-8.55%10.85B-10.07%11.29B-3.66%11.39B-7.84%11.19B-7.84%11.19B-21.48%11.86B-16.82%12.56B-20.23%11.82B
Other non current liabilities 114.29%210M114.29%210M9.56%149M2.65%116M0.00%96M22.50%98M22.50%98M7.09%136M2.73%113M1.05%96M
Total non current liabilities -20.76%49.66B-20.76%49.66B-39.98%57.81B-41.30%56.92B-37.47%63B-37.64%62.67B-37.64%62.67B-10.09%96.33B-9.51%96.96B-8.94%100.75B
Total liabilities -3.41%140.39B-3.41%140.39B-21.98%139.26B-24.71%135.01B-23.51%142.59B-22.71%145.34B-22.71%145.34B-6.47%178.5B-4.57%179.32B-2.69%186.41B
Shareholders'equity
Share capital 0.38%14.14B0.38%14.14B4.56%14.14B7.32%14.14B10.01%14.14B25.08%14.09B25.08%14.09B26.04%13.52B31.68%13.18B28.46%12.85B
-common stock 0.38%14.14B0.38%14.14B4.56%14.14B7.32%14.14B10.01%14.14B25.08%14.09B25.08%14.09B26.04%13.52B31.68%13.18B28.46%12.85B
Additional paid-in capital -6.08%23.61B-6.08%23.61B-5.78%24.1B-6.17%24.22B-7.77%24.31B-8.99%25.13B-8.99%25.13B-8.49%25.58B-8.93%25.81B-7.00%26.36B
Retained earnings 12.27%191.46B12.27%191.46B14.48%184.55B15.22%181.45B12.97%172.67B19.71%170.53B19.71%170.53B17.83%161.2B22.40%157.49B24.80%152.85B
Less: Treasury stock -11.03%16.01B-11.03%16.01B-8.24%16.52B-7.56%16.64B--16.99B--18B--18B--18B--18B----
Other equity interest 37.61%6.09B37.61%6.09B17.53%6.58B15.62%5.14B-31.38%4.79B-27.03%4.42B-27.03%4.42B15.03%5.6B-13.28%4.44B55.00%6.98B
Total stockholders'equity 11.78%219.27B11.78%219.27B13.27%212.84B13.88%208.31B-0.06%198.92B4.69%196.17B4.69%196.17B4.18%187.9B6.26%182.92B20.39%199.04B
Total equity 11.78%219.27B11.78%219.27B13.27%212.84B13.88%208.31B-0.06%198.92B4.69%196.17B4.69%196.17B4.18%187.9B6.26%182.92B20.39%199.04B
Currency Unit JPYJPYJPYJPYJPYJPYJPYJPYJPYJPY
Accounting Standards NonUS-GAAPNonUS-GAAPNonUS-GAAPNonUS-GAAPNonUS-GAAPNonUS-GAAPNonUS-GAAPNonUS-GAAPNonUS-GAAPNonUS-GAAP
Market Insights
Middle East conflict spreads to the stock market! How should investors respond?
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