Daishi Hokuetsu Financial : Consolidated Financial Results for the Three Months Ended June 30,2025

Consolidated Financial Results

for the Three Months Ended June 30, 2025 [Japanese GAAP]

July 25, 2025

Company name: Daishi Hokuetsu Financial Group, Inc. Listing: Tokyo Stock Exchange

Securities code: 7327

URL: https://www.dhfg.co.jp/

Representative: Michiro Ueguri President and Representative Director

Inquiries: Yasuto Mishima General Manager of Corporate Planning Division Telephone: +81-25-224-7111

Scheduled date to commence dividend payments: -Trading accounts: None

Preparation of supplementary material on financial results: Yes Holding of financial results briefing: None

(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated Financial Results for the Three Months Ended June 30, 2025 (April 1, 2025 to June 30, 2025)

   1. Consolidated Operating Results (Percentages indicate year-on-year changes.)

      	Ordinary revenues		Ordinary profit		Profit attributable to owners of parent
      Three months ended June 30, 2025 June 30, 2024	Millions of yen 57,738 52,109	% 10.8 7.1	Millions of yen 17,506 14,776	% 18.4 10.6	Millions of yen 12,786 10,751	% 18.9 (1.1)

      (Note) Comprehensive income:	Three months ended June 30, 2025:	¥	19,333 million [	-%]
      	Three months ended June 30, 2024:	¥	(6,864) million [	-%]

      	Basic earnings per share	Diluted earnings per share
      Three months ended	Yen	Yen
      June 30, 2025	146.50	-
      June 30, 2024	122.70	-

      (Note)The company conducted a 2-for-1 stock split effective October 1, 2024. Basic earnings per share is calculated on the assumption that the stock split was carried out at the beginning of the previous consolidated fiscal year.

   2. Consolidated Financial Position

   	Total assets	Net assets	Capital adequacy ratio
   As of June 30, 2025 March 31, 2025	Millions of yen 10,850,346 10,977,796	Millions of yen 491,939 478,870	% 4.5 4.3

   (Reference) Equity: As of June 30, 2025:	¥	491,932 million
   As of March 31, 2025:	¥	478,864 million

   (Note)The "Capital adequacy ratio" is calculated by dividing (total net assets at the end of the period - non-controlling interests at the end of the period) by total assets at the end of the period. Please note that this "Capital adequacy ratio" is not the equity ratio prescribed in the notification of equity ratio.

2. Dividends

   	Annual dividends
   	1st quarter-end	2nd quarter-end	3rd quarter-end	Year-end	Total
   Fiscal year ended March 31, 2025 Fiscal year ending March 31, 2026	Yen - -	Yen 112.00	Yen -	Yen 75.00	Yen -
   Fiscal year ending March 31, 2026 (Forecast)		75.00	-	75.00	150.00

   (Notes) 1.Revision to the forecast for dividends announced most recently: None

   2.The company conducted a 2-for-1 stock split effective October 1, 2024. The dividend amounts stated for the second quarter and earlier of the fiscal year ending March 2025 are the actual dividend amounts before the stock split. The year-end dividend amount for the fiscal year ending March 2025 is stated at the amount after the stock split, and the total annual dividends are shown as "-" as they cannot be simply totaled due to the implementation of the stock split.

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2026(April 1, 2025 to March 31, 2026)

(Percentages indicate year-on-year changes.)

1. Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: None

2. Changes in accounting policies, changes in accounting estimates, and restatement

   1. Changes in accounting policies due to revisions to accounting standards and other regulations: None

   2. Changes in accounting policies due to other reasons: None

   3. Changes in accounting estimates: None

   4. Restatement: None

3. Number of issued shares (common shares)

   1. Total number of issued shares at the end of the period (including treasury shares): June 30, 2025: 91,885,956 shares

      March 31, 2025: 91,885,956 shares

   2. Number of treasury shares at the end of the period:

      June 30, 2025: 4,520,164 shares

      March 31, 2025: 4,626,872 shares

   3. Average number of shares outstanding during the period:

Three months ended June 30, 2025: 87,280,806 shares

Three months ended June 30, 2024: 87,618,070 shares

(Note)The company conducted a 2-for-1 stock split effective October 1, 2024. The average number of shares outstanding during the period are calculated on the assumption that the share split was carried out at the beginning of the previous consolidated fiscal year.

• Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm: None

• Proper use of earnings forecasts, and other special matters

The descriptions of future prospects such as business performance outlook contained in this document are based on information currently available to the Company and certain reasonable assumptions that the Company believes are rational, and are not intended to promise achievement of them as the Company's commitment. Actual business performance may greatly vary from the outlook due to various factors.

[Table of contents]

1. Overview of financial results and others for the Three Months ended June 30, 2025 2

   1. Description of financial results ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・2

   2. Description of financial position ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・2

   3. Information related to the consolidated earnings forecast, etc.・・・・・・・・・・・・・・・・・・・・・・2

2. Quarterlyconsolidated financial statements and primarynotes ・・・・・・・・・・・・・・・・・・・・・・3

   1. Quarterlyconsolidated balance sheets ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・3

   2. Quarterlyconsolidated statements of income and comprehensive income ・・・・・・・・・・・・5

   3. Notes to the quarterly consolidated financial statements ・・・・・・・・・・・・・・・・・・・・・・・・・・7

(Note on segment information) ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・7

(Note on significant changes in the amounts of shareholders' equity ) ・・・・・・・・・・・・・・・8

(Note on going concern assumption) ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・8

(Note on quarterlyconsolidated statements of cash flows) ・・・・・・・・・・・・・・・・・・・・・・・・8

(Significant subsequent events) ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・8

Financial results for the Three Months ended June 30, 2025 presentation material

1. Overview of financial results and others for the Three Months ended June 30, 2025

   1. Description of financial results

      Ordinary income increased by 5,628 million yen year-on-year to 57,738 million yen, mainly due to an increase in interest on loans and discounts.

      Ordinary expenses increased by 2,898 million yen year-on-year to 40,231 million yen, mainly due to an increase in interest on deposits.

      As a result, ordinary profit increased by 2,730 million yen year-on-year to 17,506 million yen.

      Also, profit attributable to owners of parent increased by 2,035 million yen year-on-year to 12,786 million yen.

   2. Description of financial position

      As of the end of the first quarter of the current consolidated fiscal period, total assets decreased by 127.4 billion yen compared to the end of the previous fiscal year, amounting to 10,850.3 billion yen.

      Net assets increased by 13.0 billion yen from the end of the previous fiscal year, totaling 491.9 billion yen. The balances of major accounts were as follows.

      Deposits decreased by 17.1 billion yen from the end of the previous fiscal year to 8,504.8 billion yen. Negotiable certificates of deposit decreased by 48.5 billion yen to 163.4 billion yen.

      Loans and bills discounted decreased by 3.7 billion yen to 5,576.8 billion yen. Securities decreased by 139.4 billion yen to 2,765.4 billion yen.

   3. Information related to the consolidated earnings forecast, etc.

   There are no changes to the consolidated earnings forecasts for the second quarter (cumulative) and the full fiscal year ending March 2026, as announced on May 9, 2025.

2. Quarterly consolidated financial statements and primary notes

1. Quarterly consolidated balance sheets

   (Millions of yen)

   As of March 31, 2025 As of June 30, 2025

   Assets
   Cash and due from banks	2,147,289	2,133,559
   Monetary claims bought	14,121	12,024
   Trading securities	2,243	2,264
   Money held in trust	4,947	4,948
   Securities	2,904,886	2,765,430
   Loans and bills discounted	5,580,589	5,576,816
   Foreign exchanges	26,461	23,275
   Other assets	206,444	246,784
   Tangible fixed assets	54,179	53,475
   Intangible fixed assets	6,741	6,024
   Retirement benefit asset	32,977	33,394
   Deferred tax assets	8,348	4,275
   Customers' liabilities for acceptances and guarantees	19,352	19,553
   Allowance for loan losses	(30,784)	(31,479)
   Total assets	10,977,796	10,850,346
   Liabilities
   Deposits	8,522,003	8,504,853
   Negotiable certificates of deposit	212,011	163,463
   Securities sold under repurchase agreements	166,011	155,252
   Cash collateral received for securities lent	367,662	387,418
   Borrowed money	965,660	955,640
   Foreign exchanges	749	652
   Borrowed money from trust account	20,198	20,784
   Other liabilities	208,763	137,256
   Provision for bonuses	2,581	183
   Provision for bonuses for directors (and other officers)	171	-
   Provision for share-based payments	931	977
   Retirement benefit liability	745	711
   Provision for retirement benefits for directors (and other officers)	53	37
   Provision for reimbursement of deposits	814	775
   Provision for contingent loss	1,726	1,740
   Allowance for demolition of non-current assets	1,012	876
   Reserves under special laws	28	28
   Deferred tax liabilities	3,566	3,544
   Deferred tax liabilities for land revaluation	4,878	4,654
   Acceptances and guarantees	19,352	19,553
   Total liabilities	10,498,925	10,358,406

   (Millions of yen)

   As of March 31, 2025 As of June 30, 2025

   Net assets
   Share capital	30,000	30,000
   Capital surplus	102,987	102,987
   Retained earnings	331,103	337,199
   Treasury shares	(8,692)	(8,490)
   Total shareholders' equity	455,399	461,696
   Valuation difference on available-for-sale securities	(16,967)	(6,483)
   Deferred gains or losses on hedges	22,085	18,542
   Revaluation reserve for land	5,281	5,506
   Remeasurements of defined benefit plans	13,064	12,670
   Total accumulated other comprehensive income	23,464	30,236
   Non-controlling interests	6	6
   Total net assets	478,870	491,939
   Total liabilities and net assets	10,977,796	10,850,346

2. Quarterly consolidated statements of income and comprehensive income

   Quarterly consolidated statements of income

   For the three months ended
   		(Millions of yen)
   	For the three months ended June 30, 2024	For the three months ended June 30, 2025
   Ordinary income	52,109	57,738
   Interest income	31,856	34,995
   Interest on loans and discounts	12,981	16,095
   Interest and dividends on securities	15,352	15,425
   Trust fees	28	26
   Fees and commissions	8,651	8,962
   Other ordinary income	9,557	8,603
   Other income	2,015	5,151
   Ordinary expenses	37,333	40,231
   Interest expenses	10,704	11,165
   Interest on deposits	390	3,285
   Fees and commissions payments	2,839	2,743
   Other ordinary expenses	6,270	6,706
   General and administrative expenses	15,946	16,539
   Other expenses	1,572	3,077
   Ordinary profit	14,776	17,506
   Extraordinary income	350	238
   Gain on disposal of non-current assets	350	101
   Gain on reversal of provision for dismantling of fixed - 136 assets
   Extraordinary losses	25	42
   Loss on disposal of non-current assets	5	4
   Impairment losses	18	38
   Provision of reserve for financial instruments 1 - transaction liabilities
   Profit before income taxes	15,101	17,702
   Income taxes - current	2,852	4,009
   Income taxes - deferred	1,497	906
   Total income taxes	4,350	4,915
   Profit	10,751	12,786
   Profit (loss) attributable to non-controlling interests	0	(0)
   Profit attributable to owners of parent	10,751	12,786

   Quarterly consolidated statements of comprehensive income

   For the three months ended
   		(Millions of yen)
   	For the three months ended June 30, 2024	For the three months ended June 30, 2025
   Profit	10,751	12,786
   Other comprehensive income	(17,615)	6,547
   Valuation difference on available-for-sale securities	(26,323)	10,483
   Deferred gains or losses on hedges	9,122	(3,542)
   Remeasurements of defined benefit plans, net of tax	(414)	(393)
   Comprehensive income	(6,864)	19,333
   Comprehensive income attributable to

   Comprehensive income attributable to owners of parent

   (6,864) 19,334

   Comprehensive income attributable to non-controlling interests

   0

   (0)

3. Notes to the quarterly consolidated financial statements

   (Note on segment information)

   The previous first cumulative quarterly consolidated accounting period ended June 30, 2024

   (Millions of yen)

   	Reportable segment				Other	Total	Adjustments	Carrying amount on the quarterly consolidated statements of income
   	Banking business	Leasing business	Securities business	Total
   Ordinary revenues Ordinary revenues from external customers Inter-segment ordinary revenues	43,619 164	5,242 93	1,468 11	50,331 268	1,895 4,125	52,226 4,393	(116) (4,393)	52,109 -
   Total	43,784	5,335	1,479	50,599	6,021	56,620	(4,510)	52,109
   Segment profit	13,499	272	660	14,432	3,747	18,180	(3,403)	14,776

   (Notes) 1. Ordinary revenues are presented instead of net sales, which are used by non-financial companies.

   1. "Other" represents a business segment not included in the reportable segments, and includes services such as credit guarantees and credit card operations.

   2. Adjustments to ordinary revenues from external customers of (116) million yen include adjustments to ordinary revenues associated with the purchase method of (85) million yen.

   3. Adjustments to segment profit of (3,403) million yen represent eliminations of inter-segment transactions, etc.

   4. Segment profit is reconciled to ordinary profit in the quarterly consolidated statement of income.

The first cumulative quarterly consolidated accounting period ended June 30, 2025

(Millions of yen)

(Notes) 1. Ordinary revenues are presented instead of net sales, which are used by non-financial companies.

1. "Other" represents a business segment not included in the reportable segments, and includes services such as credit guarantees and credit card operations.

2. Adjustments to ordinary revenues from external customers of (107) million yen include adjustments to ordinary revenues associated with the purchase method of (23) million yen.

3. Adjustments to segment profit of (6,863) million yen represent eliminations of inter-segment transactions, etc.

4. Segment profit is reconciled to ordinary profit in the quarterly consolidated statement of income.

(Note on significant changes in the amounts of shareholders' equity) There are no applicable items.

(Note on going concern assumption) There are no applicable items.

(Note on quarterly consolidated statements of cash flows)

The consolidated statements of cash flows for the first quarter cumulative period have not been prepared. The amount of depreciation expenses (including amortization of intangible fixed assets) for the first quarter cumulative period are as follows.

(Millions of yen)

(Significant subsequent events) There are no applicable items.

Daishi Hokuetsu Financial Group, Inc.

[ Table of Contents ]

(Notes) 1. Figures less than the stated unit of the presentation are rounded down.

1. The figures in the year-on-year and June 2024 columns are calculated based on the numbers displayed in the table.

2. As for the capital adequacy ratio, calculations are underway, and the results

will be disclosed once finalized.

1. Financial Results

   1. Daishi Hokuetsu Financial Group, Inc. Consolidated

      (Millions of yen)

      			Three Months		Three Months Ended June 30, 2024
      			Ended June 30, 2025	YoY change
      Consolidated gross business profit		1	31,974	1,695	30,279
      	Net interest income	2	23,831	2,680	21,151
      	Fees and commissions	3	6,245	405	5,840
      	Profit from other businesses	4	1,897	(1,390)	3,287
      Operating expenses [-]		5	16,539	593	15,946
      Provision for bad debts write-offs [-]		6	1,364	41	1,323
      	Write-offs of loans [-]	7	152	76	76
      	Individual provision of allowance for loan losses [-]	8	1,239	191	1,048
      	General provision of allowance for loan losses [-]	9	(158)	(117)	(41)
      	Loss on sale of delinquent loans, etc [-]	10	-	(0)	0
      	Other [-]	11	129	(111)	240
      Reversal of allowance for loan losses		12	-	-	-
      Recoveries of written-off claims		13	356	23	333
      Gains (losses) on stocks		14	2,552	1,907	645
      Other		15	527	(260)	787
      Ordinary profit		16	17,506	2,730	14,776
      Extraordinary income (losses)		17	195	(129)	324
      Profit before income taxes		18	17,702	2,601	15,101
      Income taxes - current [-]		19	4,009	1,157	2,852
      Income taxes - deferred [-]		20	906	(591)	1,497
      Profit		21	12,786	2,035	10,751
      Profit attributable to non-controlling interests [-]		22	(0)	(0)	0
      Profit attributable to owners of parent		23	12,786	2,035	10,751

      (Reference) Fiscal year ended March 31, 2025
      103,586
      73,584
      25,258
      4,743
      62,661
      5,560
      894
      4,939
      (892)
      72
      546
      -
      835
      3,260
      1,651
      41,112
      63
      41,176
      10,524
      1,300
      29,350
      0
      29,349

      (Note) Consolidated gross business profit = (interest income - (financing expenses - fees and commissions expenses for money held in trust )) + (fees and commissions + trust fees - fees and commissions payments ) +

      (other ordinary income - other ordinary expenses )

      (Reference) (Millions of yen)

      Consolidated business profit

      24

      15,080

      1,224

      13,856

      39,850

(Note) Consolidated business profit = business profit of Daishi Hokuetsu Bank, Ltd. + business profit of other companies + business profit of affiliates × equity interests - internal transactions

1. Daishi Hokuetsu Bank, Ltd. Non-Consolidated

(Millions of yen)

(Reference)

※Core gross business profit = gross business profit - gains (losses) from government bonds and other bonds

※Substantial business profit = gross business profit - expenses (excluding non-recurring losses)

※Core business profit = core gross business profit - expenses (excluding non-recurring losses)

1. Loans Based on the Financial Reconstruction Act and Risk-Monitored Loans

   1. Daishi Hokuetsu Financial Group, Inc. Consolidated

      		As of		As of June 30, 2024
      		June 30, 2025	Change from June 30, 2024
      Bankrupt or de-facto bankrupt loans		7.6	1.0	6.6
      Doubtful loans		106.1	(2.6)	108.7
      Substandard loans		3.8	(1.2)	5.0
      	Past due loans for 3 months or more	0.5	(0.5)	1.0
      	Restructured loans	3.2	(0.7)	3.9
      Subtotal (A)		117.6	(2.8)	120.4
      Normal loans		5,558.2	157.8	5,400.4
      Total loans (B)		5,675.9	155.1	5,520.8
      Non-performing loan ratio(A)÷(B)		2.07%	( 0.11)%	2.18%

   2. Daishi Hokuetsu Bank, Ltd. Non-Consolidated

      (Billions of yen)

      (Reference) As of March 31, 2025
      7.4
      107.7
      4.3
      0.9
      3.3
      119.5
      5,562.2
      5,681.7
      2.10%

      (Billions of yen)

      		As of		As of June 30, 2024
      		June 30, 2025	Change from June 30, 2024
      Bankrupt or de-facto bankrupt loans		6.5	1.0	5.5
      Doubtful loans		105.8	(2.8)	108.6
      Substandard loans		3.8	(1.2)	5.0
      	Past due loans for 3 months or more	0.5	(0.5)	1.0
      	Restructured loans	3.2	(0.7)	3.9
      Subtotal (A)		116.1	(3.1)	119.2
      Normal loans		5,594.8	166.0	5,428.8
      Total loans (B)		5,711.0	163.0	5,548.0
      Non-performing loan ratio(A)÷(B)		2.03%	( 0.11)%	2.14%

      (Reference) As of March 31, 2025
      6.4
      107.4
      4.3
      0.9
      3.3
      118.2
      5,597.2
      5,715.4
      2.06%

2. Valuation Gains or Losses on Securities (After Taking Into Account Deferred Hedging)

   1. Daishi Hokuetsu Financial Group, Inc. Consolidated

      Daishi Hokuetsu Financial Group,Inc.

      (Billions of yen)

      			As of June 30, 2025				As of June 30, 2024
      			Carrying amount on the balance sheet	Valuation gains			Carrying amount on the balance sheet	Valuation gains
      				(losses)	Valuation gains	Valuation losses		(losses)	Valuation gains	Valuation losses
      Held-to-maturity securities			140.7	(3.1)	0.0	3.1	137.6	(1.3)	-	1.3
      Available-for-sale securities			2,607.4	20.0	156.2	136.1	2,817.3	35.1	190.5	155.4
      	Stocks		209.5	100.6	101.8	1.1	215.4	108.4	108.7	0.3
      	Bonds※		1,396.7	(60.2)	6.1	66.4	1,411.6	(44.6)	13.3	58.0
      	Other		1,001.1	(20.3)	48.2	68.5	1,190.2	(28.5)	68.4	96.9
      		Foreign securities※	688.7	(23.0)	29.4	52.4	757.3	(29.2)	46.2	75.5
      Total (after taking into account deferred hedging)			2,748.2	16.9	156.2	139.2	2,955.0	33.7	190.5	156.7

      (Reference)As of March 31, 2025
      Carrying amount on the balance sheet	Valuation gains
      	(losses)	Valuation gains	Valuation losses
      139.2	(3.9)	-	3.9
      2,748.2	10.3	159.8	149.4
      202.6	94.4	95.6	1.2
      1,329.4	(64.0)	11.8	75.9
      1,216.2	(20.0)	52.2	72.2
      754.8	(18.2)	31.2	49.4
      2,887.5	6.4	159.8	153.4

   2. Daishi Hokuetsu Bank, Ltd. Non-Consolidated

   (Billions of yen)

   			As of June 30, 2025				As of June 30, 2024
   			Carrying amount on the balance sheet	Valuation gains			Carrying amount on the balance sheet	Valuation gains
   				(losses)	Valuation gains	Valuation losses		(losses)	Valuation gains	Valuation losses
   Held-to-maturity securities			139.2	(3.1)	-	3.1	137.6	(1.3)	-	1.3
   Available-for-sale securities			2,589.6	19.9	155.4	135.4	2,798.6	33.8	189.3	155.4
   	Stocks		191.7	99.7	100.7	0.9	196.7	106.7	107.0	0.2
   	Bonds※		1,396.7	(59.8)	6.1	66.0	1,411.6	(44.0)	13.4	57.5
   	Other		1,001.1	(20.0)	48.5	68.5	1,190.2	(28.7)	68.8	97.6
   		Foreign securities※	688.7	(23.0)	29.4	52.4	757.3	(29.3)	46.2	75.6
   Total (after taking into account deferred hedging)			2,728.9	16.8	155.4	138.6	2,936.2	32.5	189.3	156.8

   (Reference)As of March 31, 2025
   Carrying amount on the balance sheet	Valuation gains
   	(losses)	Valuation gains	Valuation losses
   139.2	(3.9)	-	3.9
   2,730.7	10.5	159.2	148.7
   185.1	93.8	94.8	0.9
   1,329.4	(63.6)	11.8	75.5
   1,216.2	(19.7)	52.5	72.2
   754.8	(18.2)	31.2	49.4
   2,870.0	6.5	159.2	152.6

   ※Bonds and foreign securities use deferred hedging by interest rate swaps to mitigate the fair value fluctuation risk, and valuation gains or losses are presented after taking into account deferred hedging

3. Balance of Deposits, etc., and Loans and Bills Discounted

   Daishi Hokuetsu Bank, Ltd. Non-Consolidated

   (Billions of yen)

   			As of		As of June 30, 2024
   			June 30, 2025	Change from June 30, 2024
   Balance of loans and bills			5,611.9	182.3	5,429.6
   	Business loans within the prefecture		1,665.7	(12.1)	1,677.8
   		Of which,outstanding loans to small/medium-sized companies	1,343.8	(23.9)	1,367.7
   	Business loans outside the prefecture		1,777.1	273.2	1,503.9
   		Of which,outstanding loans to small/medium-sized companies	632.8	65.9	566.9
   	Outstanding consumer loans		1,523.7	28.6	1,495.1
   	Public fund loans		645.2	(107.5)	752.7
   Balance of deposits, etc.			8,714.1	(10.3)	8,724.4
   	Of which,Niigata		8,534.4	(6.0)	8,540.4
   	Of which,Individual deposit balances		5,748.9	(37.5)	5,786.4

   (Reference) As of March 31, 2025
   5,614.3
   1,690.3
   1,378.0
   1,717.0
   610.6
   1,517.2
   689.6
   8,780.3
   8,608.0
   5,711.4

   ※Balance of deposits, etc. = deposits + negotiable certificates of deposits

   Daishi Hokuetsu Financial Group,Inc.

4. Balance of Assets in Custody

Daishi Hokuetsu Bank, Ltd. Non-Consolidated

(Billions of yen)