Despite the Yagi Typhoon impacts, we saw a continuing recovery of listed retailers/distributors in 3Q24. In 4Q24F, we believe that consumer spending would be stronger because of (1) the recovery of the economy and (2) the year-end sales seasons with the occurrence of Black Friday and Christmas events.

Despite the Yagi Typhoon impacts, we saw a continuing recovery of listed retailers/distributors in 3Q24. In 4Q24F, we believe that consumer spending would be stronger because of (1) the recovery of the economy and (2) the year-end sales seasons with the occurrence of Black Friday and Christmas events.

Despite the Yagi Typhoon impacts, we saw a continuing recovery of listed retailers/distributors in 3Q24. In 4Q24F, we believe that consumer spending would be stronger because of (1) the recovery of the economy and (2) the year-end sales seasons with the occurrence of Black Friday and Christmas events.

Despite the Yagi Typhoon impacts, we saw a continuing recovery of listed retailers/distributors in 3Q24. In 4Q24F, we believe that consumer spending would be stronger because of (1) the recovery of the economy and (2) the year-end sales seasons with the occurrence of Black Friday and Christmas events.

Despite the Yagi Typhoon impacts, we saw a continuing recovery of listed retailers/distributors in 3Q24. In 4Q24F, we believe that consumer spending would be stronger because of (1) the recovery of the economy and (2) the year-end sales seasons with the occurrence of Black Friday and Christmas events.

Despite the Yagi Typhoon impacts, we saw a continuing recovery of listed retailers/distributors in 3Q24. In 4Q24F, we believe that consumer spending would be stronger because of (1) the recovery of the economy and (2) the year-end sales seasons with the occurrence of Black Friday and Christmas events.

Despite the Yagi Typhoon impacts, we saw a continuing recovery of listed retailers/distributors in 3Q24. In 4Q24F, we believe that consumer spending would be stronger because of (1) the recovery of the economy and (2) the year-end sales seasons with the occurrence of Black Friday and Christmas events.

Despite the Yagi Typhoon impacts, we saw a continuing recovery of listed retailers/distributors in 3Q24. In 4Q24F, we believe that consumer spending would be stronger because of (1) the recovery of the economy and (2) the year-end sales seasons with the occurrence of Black Friday and Christmas events.

Despite the Yagi Typhoon impacts, we saw a continuing recovery of listed retailers/distributors in 3Q24. In 4Q24F, we believe that consumer spending would be stronger because of (1) the recovery of the economy and (2) the year-end sales seasons with the occurrence of Black Friday and Christmas events.

Despite the Yagi Typhoon impacts, we saw a continuing recovery of listed retailers/distributors in 3Q24. In 4Q24F, we believe that consumer spending would be stronger because of (1) the recovery of the economy and (2) the year-end sales seasons with the occurrence of Black Friday and Christmas events.