valuenceHD_e_telop
7/47 Business Model

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Sales by channel, auction results, and monthly purchase trends contained herein are for reference purposes. The figures have not been audited by independent auditors. Financial results forecasts, etc. are based on information available at the time and certain assumptions deemed rational. Actual results and policies are subject to change due to various risks, uncertainties, and other factors, including changes in global trends and conditions. This document has been prepared in conformance with Consolidated Financial Summary for Fiscal Year Ended August 31, 2020.