FACT BOOK 2019

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1 FACT BOOK 2019 FUJITSU FRONTECH LIMITED Contents 1 Product Lineup 1 Segment 2 Consolidated Performance Highlights 3 Consolidated Financial Highlights 3 Sales Outside Japan 3 Sales to Fujitsu Limited 3 Capital investment Depreciation R&D expenses 4 Per share Data 4 Shareholders Data 5 Consolidated Balance Sheets 6 Consolidated Profit and loss 6 Consolidated Statements of Cash Flows 7 Segment Information Net Sales 8 Segment Information Operating income 9 Segment Comparison Table 10 Management 11 Corporate Profile

Product Lineup UHF RFID RFID tags Settlement

outside Japan Banking terminals Palm vein

Product Airline printers Mechanical components

Integration ATM ATM services for stores Help

Personal seal search systems LCM LCM services

system for the medical institutions Display

sector Quick counter Semi-self system for mini

for industries Segment Global Product Service

ATM ATM IoT LCM RFID ATMs Banking Terminals

Financial Services Retail Services LCM Services

equipments) Public Display Systems System

Systems Metal molds and Processed parts with

RFID & Sensor Solutions Settlement Solutions

2 Product Lineup UHF RFID RFID tags Settlement solution Hand-held terminals ATM ATM ATMs for outside Japan Banking terminals Palm vein authentication Frontline Solution Global Product Airline printers Mechanical components Totalizator terminals Public Solution Service Integration ATM ATM services for stores Help desk services Cashless Totalizator Terminals Personal seal search systems LCM LCM services Used car auction systems Mobile terminal call system for the medical institutions Display systems for the medical institutions and public sector Quick counter Semi-self system for mini banks Quick counter Cash management services for industries Segment Global Product Service Integration Public Solution Frontline Solution ATM ATM IoT LCM RFID ATMs Banking Terminals Mechanical components System Products for outside Japan ATM & Financial Solutions Industrial Solutions IoT & Security Solutions Financial Services Retail Services LCM Services System products for Public racing (totalizator equipments) Public Display Systems System Products for the medical institutions Auction Systems Metal molds and Processed parts with highprecision cutting Palm Vein Authentication RFID & Sensor Solutions Settlement Solutions Mobile Systems 2019 P.9 From FY2019, business segments' division have been changed.(please refer to page 9) 1

3 Consolidated Performance Highlights Net Sales Operating income Operating income Operating income ratio Millions of Yen 120, , , , , ,000 96,719 80,000 Millions of Yen 6,000 5,503 5,000 4, % 4, % 5, % 4.1% 3, % 5.0% 4.0% 60,000 3, % 3.0% 40,000 2,000 2, % 20,000 1, % 0 FY FY % Ordinary income Ordinary income Ordinary income ratio Profit attributable to owners of parent Millions of Yen 6, % Millions of Yen 6, % 5,000 4,000 3,000 2,000 4, % 4, % 5, % 3, % 5.0% 4.0% 5,000 4,000 Profit attributable to owners of parent Profit attributable to owners of parent ratio 3,257 3, % 3,000 2, % 2.6% 2.5% 2.6% 2.7% 2.0% 2,000 2,411 2, % 5.0% 4.0% 3.0% 2.0% 1, % 1,000 1, % 0 FY 0.0% FY % Net sales Operating income Operating income ratio Ordinary income Ordinary income ratio Profit attributable to owners of parent Profit attributable to owners of parent ratio Millions of Yen U.S. Dollars thousands FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY , , , , , , , ,167 96, , ,639 2,294 2,744 2,319 2,356 4,062 4,429 5,503 5,744 3,943 2,619 23, % 2.6% 2.3% 2.3% 3.8% 4.1% 4.6% 5.2% 4.1% 2.6% - 1,992 2,294 2,054 2,364 3,965 4,823 4,678 5,142 3,814 2,659 23, % 2.2% 2.0% 2.4% 3.7% 4.4% 3.9% 4.6% 3.9% 2.6% , ,785 2,797 3,257 3,675 2,411 1,563 14, % 1.2% 0.6% 0.4% 1.7% 2.6% 2.7% 3.3% 2.5% 1.5% - 2

4 Total assets Net assets Loans payable Consolidated Financial Highlights U.S. Dollars Millions of Yen thousands FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY ,057 64,103 65,609 64,831 65,152 72,671 72,768 74,595 71,286 73, ,925 32,699 33,531 34,362 34,651 35,471 38,285 40,360 44,041 46,096 47, ,211 5,883 3,413 4,553 3,749 1,235 1, Number of issued shares thousands 1 Book-value per share BPS Yen 1 Earnings per share EPS Yen Equity ratio Return on equity ROE Return on assets ROA 24,015 24,015 24,015 24,015 24,015 24,015 24,015 24,015 24,015 24,015-1, , , , , , , , , , % 52.0% 52.1% 53.1% 54.1% 52.4% 55.1% 58.6% 63.9% 63.8% - 2.4% 3.9% 2.0% 1.2% 5.1% 7.6% 8.3% 8.8% 5.4% 3.4% - 1.3% 2.0% 1.0% 0.6% 2.7% 4.1% 4.5% 4.9% 3.4% 2.1% - Cash flows from operating activities Cash flows from investing activities Cash flows from financing activities Cash and cash equivalents at end of year Number of employees , ,796 7,809 6,674 8,082 12,506 8, ,502-3,048-4,531-4, ,519-2,168-2,981-4,843-3,370-30,362 5,288-3, ,353-4,206-1,566-3,046-1,706-1,695-1,578-14,223 4,281 5,808 1,894 2,137 6,221 8,140 10,895 18,750 20,251 15, ,838 3,545 3,639 3,553 3,457 3,184 3,302 3,636 3,664 3,685 3,829 - Sales Outside Japan Ratio of sales outside Japan Sales Outside Japan U.S. Dollars Millions of Yen thousands FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY ,524 20,556 21,977 19,821 27,457 33,187 35,226 27,995 23,162 29, , % 19.6% 21.7% 19.7% 25.4% 30.5% 29.3% 25.2% 23.9% 29.1% - Sales to FUJITSU LIMITED Sales to FUJITSU LIMITED ratio Sales to FUJITSU LIMITED Millions of Yen U.S. Dollars thousands FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY ,840 54,329 48,242 45,576 49,156 46,273 55,222 53,201 44,576 41, , % 51.9% 47.7% 45.3% 45.6% 42.5% 46.0% 47.9% 46.1% 40.8% - Capital investment Depreciation R&D expenses Capital investment Depreciation R&D expenses Millions of Yen U.S. Dollars thousands FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2018 4,634 3,273 4,649 6,463 2,782 5,243 3,122 3,549 4,749 5,654 50,941 4,241 4,662 4,475 4,687 4,480 4,073 4,352 4,126 3,625 3,651 32,892 3,745 4,436 3,835 2,638 2,163 2,751 2,986 4,352 2,904 2,307 20,788 3

5 Per share Data Number of issued shares thousands 1 Cash dividends per share Yen 1 Book-value per share BPS Yen 1 Earnings per share EPS Yen Price book-value ratio PBR Price earnings ratio PER Dividend payout ratio Price at the end of March Yen FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY ,015 24,015 24,015 24,015 24,015 24,015 24,015 24,015 24,015 24, , , , , , , , , , , % 29.9% 58.2% 95.7% 22.8% 15.4% 14.7% 14.3% 21.9% 33.7% ,236 1,404 1,104 1,576 1,715 1,013 Shareholders Data Number of shares held thousands as of March 31, 2019 Percentage of total shares Principal shareholders 1 FUJITSU LIMITED 12, % 2 GOLDMAN SACHS INTERNATIONAL % 3 Japan Trustee Services Bank, Ltd. (trust) % 4 The Master Trust Bank of Japan, Ltd. (trust) % 5 CREDIT SUISSE AG, DUBLIN BRANCH PRIME CLIENT ASSET EQUITY ACCOUNT % 6 NPBN-SHOKORO LIMITED % 7 THE HONGKONG AND SHANGHAI BANKING CORPORATION LTD-HONG KONG PRIVATE BANKING DIVISION-CLIENT ACCOUNT % 8 MSIP CLIENT SECURITIES % 9 NOMURA PB NOMINEES TK1 LIMITED % 10 GOVERNMENT OF NORWAY % Shareholders composition Japanese financial institutions and securities firms Other Japanese corporations Foreign institutions Japanese individuals and others FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY % 5.3% 4.8% 4.7% 11.4% 10.9% 9.8% 7.4% 7.5% 8.4% 54.4% 54.6% 54.6% 54.6% 54.3% 54.1% 54.2% 54.1% 54.1% 54.0% 20.5% 19.3% 18.5% 18.4% 19.5% 21.0% 21.9% 25.6% 27.7% 26.5% 19.4% 20.8% 22.1% 22.3% 14.8% 14.0% 14.1% 12.9% 10.7% 11.1% 4

6 Consolidated Balance Sheets Millions of Yen U.S. Dollars thousands Assets 2014 FY2015 FY Current assets Cash and deposits Deposits paid Notes and accounts receivable Inventories Others Noncurrent assets Property, plant and equipment Intangible assets Total investments and other assets Total assets 53,715 55,052 57,868 54,015 53, ,386 5,195 4,582 6,716 6,002 6,695 60,320 2,945 6,313 12,064 14,279 8,745 78,787 27,955 26,819 23,866 18,699 23, ,994 14,869 14,740 13,004 11,872 13, ,412 2,751 2,596 2,217 3, ,871 18,956 17,715 16,726 17,271 20, ,538 12,528 12,217 11,653 11,139 13, ,266 3,415 2,585 2,385 3,753 4,102 36,957 3,012 2,912 2,687 2,377 2,809 25,315 72,671 72,768 74,595 71,286 73, ,925 Liabilities 2014 FY2015 FY Current liabilities Notes and accounts payable-trade Short-term loans payable Others Noncurrent liabilities Total liabilities 28,795 26,437 26,141 22,313 22, ,105 19,043 17,484 15,797 13,443 14, ,408 1, ,309 8,952 10,344 8,870 8,510 76,668 5,590 5,969 4,411 2,876 3,397 30,607 34,385 32,407 30,553 25,190 26, ,713 Net assets 2014 FY2015 FY Shareholders' equity Capital stock Capital surplus Retained earnings Treasury stock Accumulated other comprehensive income Valuation difference on available-for-sale securities Deferred gains or losses on hedges Foreign currency translation adjustments Subscription rights to shares Non-controlling interests Total net assets Total liabilities and net assets 38,677 41,514 44,662 46,493 47, ,789 8,457 8,457 8,457 8,457 8,457 76,193 8,222 8,222 8,222 8,222 8,214 74,006 22,080 24,894 28,043 29,913 30, , , , , , ,968 38,285 40,360 44,041 46,096 47, ,211 72,671 72,768 74,595 71,286 73, ,925 5

7 Consolidated Profit and loss Millions of Yen U.S. Dollars thousands 2014 FY2015 FY Net sales Cost of sales Gross profit Selling, general and administrative expenses Operating income Non-operating income Non-operating expenses Ordinary income Extraordinary loss Income before income taxes and minority interests Income taxes Income taxes-deferred Profit Profit attributable to non-controlling interests Profit attributable to owners of parent 108, , ,167 96, , ,639 87,949 96,746 86,683 75,527 82, ,845 20,917 23,402 24,484 21,191 20, ,794 16,488 17,898 18,739 17,248 17, ,197 4,429 5,503 5,744 3,943 2,619 23, , ,406 4,823 4,678 5,142 3,814 2,659 23, ,333 4,678 5,142 2,993 2,584 23,283 1,402 1,516 1, , ,674 2,810 3,274 3,697 2,442 1,589 14, ,797 3,257 3,675 2,411 1,563 14,081 Consolidated Statements of Cash Flows Millions of Yen U.S. Dollars thousands 2014 FY2015 FY Cash flows from operating activities. Cash flows from investing activities + + Free cash flow. Cash flows from financing activities Effect of exchange rate change on cash and cash equivalents Net increase in cash and cash equivalents decrease Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year 6,674 8,082 12,506 8, ,519-2,168-2,981-4,843-3,370-30,362 3,155 5,914 9,525 3,270-3,315-29,871-1,566-3,046-1,706-1,695-1,578-14, ,919 2,755 7,854 1,501-4,840-43,606 6,221 8,140 10,895 18,750 20, ,444 8,140 10,895 18,750 20,251 15, ,838 6

8 Segment Information Net Sales Net Sales 120,000 Millions of Yen 100,000 80,000 60,000 40,000 20,000 0 Millions of Yen U.S. Dollars thousands FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2018 Net sales 95, , , , , , , ,167 96, , ,639 Financial Systems Retail Systems Industrial/Public Systems Software and Services 35,594 24, ,892 Financial Retail Industrial/Public Services 43,073 39,666 39,168 23,435 21,690 20,411 21,914 23,190 23,633 16,193 16,603 17,307 Financial Retail Industrial/Public Services Others 39,168 43,897 49,692 63,332 19,808 21,543 19,536 18,019 22,645 23,583 20,986 20,413 17,307 17,745 17,657 17,385 1,591 1, Global Product Service Integration Public Solution Frontline Solution Others 57,304 50,499 37,676 40, ,156 28,313 29,804 28,320 28, ,947 18,230 19,179 19,423 21, ,853 16,191 11,594 11,200 11, ,

9 Segment Information Operating income Operating income 9,000 8,000 Millions of Yen 6,000 4,000 2, ,000-4,000 Millions of Yen U.S. Dollars thousands FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2018 Operating income 2,294 2,744 2,319 2,356 4,062 4,429 5,503 5,744 3,943 2,619 23,597 Financial Systems Retail Systems Industrial/Public Systems Software and Services ,340 Financial Retail Industrial/Public Services 3,371 3,229 2,211-1,552-2,515-2, , Financial Retail Industrial/Public Services Others Corporate 2,712 3,571 3,618 5,826-1, ,014 1,463 1,530 1,599 1,631 1,108 1,085 1,125 1, ,002-1,091-1,129-2,101 Global Product Service Integration Public Solution Frontline Solution Others/Corporate 3,858 2,889 1, ,273 3,462 2,263 2,739 2,439 21,977 1,345 1,826 1,103 1,492 13,448-1, ,824-1,921-1,555-1,454-1,485-13, *From FY2010, business segments' name have been changed. *From FY2011, repair business for financial and Industrial/Public systems has been tranferred from Services business to Financial business and Industrial/Public business. Figures for FY2010 have been reclassified. *From FY2013, a new segment Other, which does not belong to any reporting segment, has been added, and businesses such as the metal mold, precision cutting and welfare which previously belonged to the Industrial/Public business have been reclassified into Other business segment. In addition, expenses for group management, which do not belong to any reporting segment, have been reclassified into "Corporate." Figures for FY2012 have been reclassified. *From FY2016, business segments' division have been changed. Figures for FY2015 have been reclassified. 8

10 Segment Comparison Table Previous Segment Current Segment 2019 From FY2019 Segment Main products and services Segment Sub-segment Main products and services Global Product Service Integration Public Solution ATM ATMs Banking Terminals Mechanical components System Products for outside Japan ATM ATM & Financial Solutions Industrial Solutions IoT IoT & Security Solutions Financial Services Retail Services LCM LCM Services System products for Public racing (totalizator equipments) Public Display Systems System Products for the medical institutions Auction Systems Metal molds and Processed parts with high-precision cutting Palm Vein Authentication Global Product Mechatronics System Products Mechanical components Applied equipments ATM ATMs Banking Terminals System Products for outside Japan System products for Public racing Solution & Service Service Integration Frontline Solutions ATM ATM & Financial Solutions Industrial Solutions IoT AI IoT & AI Solutions Financial Services LCM LCM Services(Total Services for retail stores) Palm Vein Authentication RFID RFID & Sensor Solutions Settlement Solutions Mobile Systems Frontline Solution RFID RFID & Sensor Solutions Settlement Solutions Mobile Systems Other Public Display Systems Metal molds and Processed parts with high-precision cutting 9

Management Board of Directors President and Representative Director Hiromu Kawakami Director Naoki Yoshida 2019 6 25(as of June 25, 2019) Director

Committee Member Yasuto Horino Outside Director Audit and Supervisory Committee Member Yoji Suzuki Director Audit and Supervisory Committee Member

Kimura Hiroshi Watabe Yukio Toyomi Ryuji Tateyama Michitaka Sugawara Corporate Vice President Hideyuki Takahashi Hiroto Kageyama Youichi Hirasawa

Internal Audit Office Head of Global Product Group President, System Product Unit, Common Platform Development Unit Head of Services Integration

Planning & Coordination Group FUJITSU FRONTECH NORTH AMERICA, INC. President, Global Unit President & CEO, FUJITSU FRONTECH NORTH AMERICA, INC.

Services Unit General Manager, Kumagaya Service Solution Center Assistant, Global Product Group General Manager, Promotion Div.

Integration Group(In charge of New ) Executive Vice President, Integration Unit In charge of Frontline Solution Unit President, Promotion Unit

Sales & Marketing Unit Audit and Supervisory Committee Member Planning & Coordination Unit Global Unit Global Product Group System Product Unit

Assurance Unit System Manufacturing Unit Kazunori Fukunaga Takahiro Matsumura Shinichirou Noguchi Executive Vice President, Sales & Marketing

11 Management Board of Directors President and Representative Director Hiromu Kawakami Director Naoki Yoshida (as of June 25, 2019) Director Atsunori Kimura Director Hiroshi Watabe 櫛田龍治 Director Ryuji Kushida Director Yoichi Sawada Outside Director Full-Time Audit and Supervisory Committee Member Yasuto Horino Outside Director Audit and Supervisory Committee Member Yoji Suzuki Director Audit and Supervisory Committee Member Ryuichi Kubota Corporate Executive Officers 0rganization chart President Hiromu Kawakami Corporate Senior Vice President Naoki Yoshida Atsunori Kimura Hiroshi Watabe Yukio Toyomi Ryuji Tateyama Michitaka Sugawara Corporate Vice President Hideyuki Takahashi Hiroto Kageyama Youichi Hirasawa Tomohiko Yozue Hidekazu Hata Kiyotaka Awatsu Shouichi Miyagi Shuhei Oyake Takeshi Saitou CFO, CFO, President, Corporate Finance Unit In charge of Internal Audit Office Head of Global Product Group President, System Product Unit, Common Platform Development Unit Head of Services Integration Group President, Integration Unit President, Corporate Center In charge of Risk & Compliance Office President, Sales & Marketing Unit In charge of Planning & Coordination Group FUJITSU FRONTECH NORTH AMERICA, INC. President, Global Unit President & CEO, FUJITSU FRONTECH NORTH AMERICA, INC. President, System Manufacturing Unit General Manager, Niigata Plant Vice Head of Services Integration Group(In charge of Services ) President, Services Unit General Manager, Kumagaya Service Solution Center Assistant, Global Product Group General Manager, Promotion Div. President, Planning & Coordination Unit Chairman, FUJITSU FRONTECH (SHANGHAI) LIMITED Acting, Global Product Group Vice Head of Services Integration Group(In charge of New ) Executive Vice President, Integration Unit In charge of Frontline Solution Unit President, Promotion Unit General Manager, Export Control Office Executive Vice President, Global Unit Executive Vice President, Global Unit Board of Directors President Sales & Marketing Unit Audit and Supervisory Committee Member Planning & Coordination Unit Global Unit Global Product Group System Product Unit Global Product Unit Common Platform Development Unit Services Integration Group Integration Unit Services Unit Frontline Solution Unit Quality Assurance Unit System Manufacturing Unit Kazunori Fukunaga Takahiro Matsumura Shinichirou Noguchi Executive Vice President, Sales & Marketing Unit, Planning & Coordination Group General Manager, Public & Industry Sales Div. President, Frontline Solution Unit Executive Vice President, Services Unit Promotion Unit Corporate Finance Unit Corporate Center 10

12 Corporate Profile , , [ ] 3,829 1, Name : FUJITSU FRONTECH LIMITED Headquarters address : 1776 Yanokuchi, Inagi-shi, Tokyo, Japan Established : November 9, 1940 Representative director : President and Representative Director Hiromu Kawakami Capital : 8,457 Million Yen as of March 31, 2019 Consolidated net sales : 102,301 million yen (FY2018) Settlement Term : March 31 Stock information : Listed on the 2nd section of the Tokyo Stock Exchange since February 1988 Employees : 3,829 Consolidated 1,709 Non-consolidated as of March 31, FUJITSU DIE-TECH CORPORATION OF THE PHILIPPINES. KIDEN DEVELOPMENT CORPORATION OF THE PHILIPPINES. FUJITSU FRONTECH CHUNGHO GLOBAL PRODUCTS Co. Ltd. FUJITSU FRONTECH NORTH AMERICA,INC. FUJITSU FRONTECH CANADA INC. Positek RFID, Inc. 5 Main Facilities Headquarters Hardware development and design Headquarters / Tokyo Plant Inagi-shi, Tokyo Mass production factory Niigata Plant Tsubame-shi, Niigata Software development Center Omiya Solution Center Saitama-shi, Saitama System Assessment Center Kumagaya Service Solution Center Kumagaya-shi, Saitama Sales Offices headquarters Inagi-shi, Tokyo Omori Office Shinagawa-ku, Tokyo Tohoku branch Sendai-shi, Miyagi Chubu branch Nagoya-shi, Aichi Nishinihon branch Osaka-shi, Osaka Kyushu branch Fukuoka-shi, Fukuoka Madrid Representative Office Madrid, Spain Consolidated subsidiaries Outside Japan FUJITSU DIE-TECH CORPORATION OF THE PHILIPPINES. KIDEN DEVELOPMENT CORPORATION OF THE PHILIPPINES. FUJITSU FRONTECH SHANGHAI LIMITED FUJITSU FRONTECH CHUNGHO GLOBAL PRODUCTS Co. Ltd. FUJITSU FRONTECH NORTH AMERICA,INC. FUJITSU FRONTECH CANADA INC. POSITEK RFID, INC. Japan LIFE CREATE LIMITED Inagi-shi, Tokyo FUJITSU FRONTECH SYSTEMS LIMITED Maebashi-shi, Gunma TOTALIZATOR ENGINEERING LIMITED Shinagawa-ku, Tokyo TELSY LIMITED Shinagawa-ku, Tokyo TOHKAI Engineer Corporations Minato-ku, Tokyo Madrid Representative Office Niigata Plant Headquarters / Tokyo Plant Madrid, Spain FUJITSU FRONTECH CHUNGHO GLOBAL PRODUCTS Co. Ltd. Gyeonggi province, Republic of Korea Shanghai, China Tsubame-shi, Niigata Inagi-shi, Tokyo California U.S.A. Pennsylvania U.S.A. POSITEK RFID, INC. Laguna, Philippines FUJITSU FRONTECH SHANGHAI LIMITED FUJITSU FRONTECH NORTH AMERICA, INC. FUJITSU DIE-TECH CORPORATION OF THE PHILIPPINES 11

13 Memo 12

14 All financial statements and financial data are presented in accordance with accounting principles generally accepted in Japan. Fujitsu Frontech s fiscal year runs from April 1 through March 31. The U.S. dollar amounts stated in this report have been translated from yen, for readers' convenience only, at the rate of 111 = US$1,which was the approximate rate on the Tokyo Foreign Exchange Market on March 29, Numbers are rounded down to the nearest million yen/ thousand dollars

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$Ł\”ƒ.eps$ P1 P4 P2 P7 P8 Consolidated balance sheet Consolidated statement of income Consolidated statement of shareholders' equity Consolidated statement of cash flows 1 $5,644,73 262,387 146,72.27 8.2 11,436,433