# MUSASHI SEIMITSU INDUSTRY CO.,LTD.: business model and financials

> Latest period: FY ending Mar 2026, consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第99期(2025/04/01－2026/03/31) (S100YGX6)
> Page: https://vizora.meequs.com/en/company/musashi-seimitsu-industry
> Retrieved: 2026-09-30T20:32:48.972Z

## Company

Musashi Seimitsu Industry, founded in 1944, is a company in Auto Parts listed on TSE Prime. It has 12,227 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | MUSASHI SEIMITSU INDUSTRY CO., LTD. |
| Ticker | 7220 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/7220.T) |
| Listing | TSE Prime |
| Head office | 愛知県豊橋市植田町字大膳39番地の5 |
| Representative (per filing) | 代表取締役社長 大塚 浩史 |
| Founded | Jan 1944 |
| Share capital | ¥5.67B |
| Employees (consolidated) | 12,227 |
| Average salary (parent only) | ¥7M |
| Fiscal year end | March |
| Website | www.musashi.co.jp (https://www.musashi.co.jp/) |
| Corporate number | 6180301007357 |
| EDINET | E02237 |
| Industries (Vizora) | Auto Parts |

> Profile source: annual securities report (S100YGX6, filed 2026-06-22). As of filing

## Five-axis industry profile

Primary industry: Auto Parts (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 86.8 | 110 |
| Profitability | 68 | 111 |
| Cash conversion | 41.2 | 108 |
| Efficiency | 80.6 | 111 |

Each axis is shown independently. Missing values are labeled unavailable; no combined score is calculated. Industry rank is not an investment recommendation.

## Key points (generated from figures)

- About 32% of Musashi Seimitsu Industry's sales come from Americas, with EUROPE and ASIA making up much of the rest.
- Out of every ¥100 of sales, about ¥6 is left as operating profit.
- Revenue changed +0.0% from the prior year, operating profit +4.1%.

## Company structure

- Segment revenue mix: Americas 32.0%、EUROPE 24.5%、ASIA 23.2%、Japan 12.0%、China 8.4%
- Revenue → net income: ¥347200000000 → ¥2346000000
- Net income → operating cash flow: ¥2346000000 → ¥33007000000（difference ¥30661000000）
- Main uses of operating cash flow: CapEx ¥26777000000 / dividends ¥3276000000 / buybacks —
- Change in cash: ¥-206000000
Segment shares use total reported segment revenue, which may include inter-segment sales. The cash bridge is operating cash flow minus net income and combines non-cash items and working-capital effects.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Revenue | ¥347.2B |  |
| Operating income | ¥20.5B | Margin 5.9% |
| Net income | ¥1.26B | Margin 0.4% |
| Free cash flow | ¥6.23B |  |
| Largest business | Americas | of segment revenue 32.0% |
| Employees (consolidated) | 12,227 |  |
| EPS | ¥159.81 |  |
| Book value per share | ¥957.18 |  |
| Equity ratio | 40.5% |  |
| Shares outstanding | 65,581,000 |  |
| Treasury shares | 40,900 |  |
| Shareholders | 6,533 |  |
| Average salary (parent only) | ¥7M | Filing company only |
| Cash ratio | 11.2% | Cash ÷ revenue 9.8% |
| Vs. industry median margin | +1.2 pp | Auto Parts |
| ROE | 1.3% | Derived from disclosed figures |
| ROA | 0.4% | Derived from disclosed figures |

## Notable figures

- FY2026, operating cash flow is 26.1× net income
- FY2026, segment profit share differs by 24 points
- FY2026, employees -2% while operating income rose 4%

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥204714000000 | ¥347200000000 | +69.6% |
| Operating income | ¥7507000000 | ¥20538000000 | +173.6% |
| Operating margin | 3.7% | 5.9% | +2.2 pp |
| Employees | 12,868 people | 12,227 people | -5.0% |
| Cash and equivalents | ¥24891000000 | ¥33894000000 | +36.2% |

### Change in segment revenue mix

Span: FY ending Mar 2021 → FY ending Mar 2026. Stable segment keys are connected; unmatched shares are marked as new or reorganized. Shares use total segment revenue.

| Flow | Revenue share |
| --- | ---: |
| 日本 → 日本 | 12.0% |
| 日本 → 事業再編・廃止 | 3.9% |
| 米州 → 米州 | 22.1% |
| アジア → アジア | 21.6% |
| 中国 → 中国 | 8.4% |
| 中国 → 事業再編・廃止 | 6.3% |
| 欧州 → 欧州 | 24.5% |
| 欧州 → 事業再編・廃止 | 1.2% |
| 新設・再編 → 米州 | 9.8% |
| 新設・再編 → アジア | 1.6% |

Segment revenue source references: 10 (derived)

## Business growth × margin

X-axis: segment revenue CAGR. Y-axis: latest operating margin. Bubble size: latest revenue. CAGR requires at least two comparable years.

| Segment | CAGR span | Revenue CAGR | Latest revenue | Operating margin | Source refs |
| --- | ---: | ---: | ---: | ---: | ---: |
| Americas | 5 years | +19.6% | ¥111006000000 | 5.3% | 2 |
| EUROPE | 5 years | +10.0% | ¥84920000000 | 0.3% | 2 |
| ASIA | 5 years | +12.8% | ¥80657000000 | 11.9% | 2 |
| Japan | 5 years | +5.0% | ¥41541000000 | 8.5% | 2 |
| China | 5 years | -0.6% | ¥29074000000 | 3.8% | 2 |

## Income statement（FY ending Mar 2026, consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 347,200 | 100.0% | S100YGX6 |
| Cost of revenue | 291,749 | 84.0% | S100YGX6 |
| Gross profit | 55,451 | 16.0% | S100YGX6 |
| SG&A | 34,913 | 10.1% | S100YGX6 |
| Operating income | 20,538 | 5.9% | S100YGX6 |
| Ordinary income | 20,230 | 5.8% | S100YGX6 |
| Pretax income | 9,273 | 2.7% | S100YGX6 |
| Income tax | 6,927 | 2.0% | S100YGX6 |
| Net income | 2,346 | 0.7% | S100YGX6 |
| Net income attributable to owners | 1,264 | 0.4% | S100YGX6 |

## Per ¥100 of revenue（FY ending Mar 2026）

| Part | JPY |
| --- | ---: |
| Cost of revenue | 84 |
| SG&A | 10 |
| Operating income | 6 |
| (Ref.) Net income | 0 |

### Margin funnel

Gross margin 16.0% → Operating margin 5.9% → Net margin 0.4%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +0.0%; Core profit growth: +4.1%
Growth quality: margin-expansion
Calculated from comparable annual consolidated filings.

## Year over year（FY ending Mar 2025 → FY ending Mar 2026、JPY mn）

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 347,196 | 347,200 | 4 | +0.0% |
| Gross profit | 52,660 | 55,451 | 2,791 | +5.3% |
| Operating income | 19,720 | 20,538 | 818 | +4.1% |
| Net income attributable to owners | 7,782 | 1,264 | -6,518 | -83.8% |
| Operating cash flow | 31,918 | 33,007 | 1,089 | +3.4% |
| Free cash flow | 16,662 | 6,230 | -10,432 | -62.6% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 236,355 | 7,285 | 3.1% | -6,902 | 26,359 | 9,344 | S100LN4H |
| FY ending Mar 2021 | 204,714 | 7,507 | 3.7% | 7,378 | 18,259 | 5,414 | S100OE10 |
| FY ending Mar 2022 | 241,896 | 8,413 | 3.5% | 5,429 | 5,805 | -11,988 | S100R1Q1 |
| FY ending Mar 2023 | 301,500 | 7,677 | 2.5% | 2,436 | 19,409 | 4,247 | S100TPEP |
| FY ending Mar 2024 | 349,917 | 18,374 | 5.3% | 7,921 | 31,642 | 18,650 | S100W0UJ |
| FY ending Mar 2025 | 347,196 | 19,720 | 5.7% | 7,782 | 31,918 | 16,662 | S100YGX6 |
| FY ending Mar 2026 | 347,200 | 20,538 | 5.9% | 1,264 | 33,007 | 6,230 | S100YGX6 |

## People and productivity（FY ending Mar 2026, consolidated, J-GAAP）

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥28.4M |
| Operating income per employee (consolidated) | ¥1.7M |
| Net income per employee (consolidated) | ¥103.4K |

Employees, revenue and profit are consolidated. Average annual salary is a separate parent-company figure. Calculated from disclosed figures (DERIVED).

| History | FY ending Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 12,832 | 12,957 | 12,830 | 12,420 | 12,227 |
| Average salary (parent company) | ¥6.1M | ¥6.3M | ¥6.5M | ¥6.9M | ¥7M |
| Average age (parent company) | 40.6 years | 40.7 years | 41.6 years | 42.0 years | 42.3 years |
| Average tenure (parent company) | 16.0 years | 16.2 years | 16.8 years | 17.2 years | 17.2 years |

Year over year: Employees (consolidated) -1.6% · Revenue (consolidated) +0.0%

## Segments（FY ending Mar 2026, consolidated, J-GAAP、JPY mn）

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Japan | 41,541 | 12.0% | 3,517 | 8.5% |
| Americas | 111,006 | 32.0% | 5,911 | 5.3% |
| ASIA | 80,657 | 23.2% | 9,592 | 11.9% |
| China | 29,074 | 8.4% | 1,103 | 3.8% |
| EUROPE | 84,920 | 24.5% | 290 | 0.3% |

### segmentMix — Revenue and profit mix

Calculated from disclosed figures (DERIVED). Shares use total segment revenue and total positive segment profit respectively. Difference = profit share − revenue share (pt). Inter-segment sales may prevent reconciliation to company revenue.

| Segment | Revenue share | Profit share | Difference (pt) | Margin |
| --- | ---: | ---: | ---: | ---: |
| Japan | 12.0% | 17.2% | 5.3 | 8.5% |
| Americas | 32.0% | 29.0% | -3.0 | 5.3% |
| ASIA | 23.2% | 47.0% | 23.8 | 11.9% |
| China | 8.4% | 5.4% | -3.0 | 3.8% |
| EUROPE | 24.5% | 1.4% | -23.0 | 0.3% |

Segment → industry: EUROPE → Auto Parts / China → Auto Parts / ASIA → Auto Parts / Americas → Auto Parts / Japan → Auto Parts

## Revenue by geography

No geographic revenue breakdown was disclosed.

## Cash flow（FY ending Mar 2026, consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | 33,007 | 9.5% | S100YGX6 |
| Capital expenditure | 26,777 | 7.7% | S100YGX6 |
| Free cash flow | 6,230 | 1.8% | 算出 |
| Investing cash flow | -27,863 | -8.0% | S100YGX6 |
| Financing cash flow | -7,970 | -2.3% | S100YGX6 |
| Dividends paid | 3,276 | 0.9% | S100YGX6 |
| Change in cash | -206 | -0.1% | S100YGX6 |
| Cash and equivalents | 33,894 | 9.8% | S100YGX6 |

## Balance sheet

Figures are as of each fiscal year end. Derived values are marked as such in the source column. Lease liabilities are excluded from interest-bearing debt.

| Metric | FY ending Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 28,325 | 26,753 | 26,747 | 34,157 | 33,894 | S100TPEP, S100W0UJ, S100YGX6 |
| Total assets | 259,960 | 269,278 | 290,339 | 285,126 | 301,614 | S100R1Q1, S100TPEP, S100W0UJ, S100YGX6 |
| Net assets | 112,269 | 114,432 | 125,391 | 123,969 | 131,252 | S100TPEP, S100W0UJ, S100YGX6 |
| Share capital | 5,427 | 5,458 | 5,602 | 5,639 | 5,675 | S100R1Q1, S100TPEP, S100W0UJ, S100YGX6 |
| Trade receivables | 39,188 | 46,382 | 49,428 | 51,033 | 50,204 | S100R1Q1, S100TPEP, S100W0UJ, S100YGX6 |
| Property, plant and equipment | 111,699 | 110,875 | 116,056 | 111,216 | 128,947 | S100R1Q1, S100TPEP, S100W0UJ, S100YGX6 |
| Intangible assets excluding goodwill | 5,525 | 4,292 | 4,239 | 3,658 | 2,988 | S100R1Q1, S100TPEP, S100W0UJ, S100YGX6 |
| Goodwill | 416 | 138 | 674 | 815 | 586 | S100R1Q1, S100TPEP, S100W0UJ, S100YGX6 |
| Investment securities | 12,583 | 12,909 | 16,574 | 13,135 | 9,798 | S100R1Q1, S100TPEP, S100W0UJ, S100YGX6 |
| Current assets | 122,180 | 132,158 | 141,808 | 146,908 | 150,052 | S100R1Q1, S100TPEP, S100W0UJ, S100YGX6 |
| Current liabilities | 92,827 | 111,764 | 107,025 | 95,038 | 117,857 | S100R1Q1, S100TPEP, S100W0UJ, S100YGX6 |
| Trade payables | 18,508 | 22,528 | 24,309 | 22,342 | 20,892 | S100R1Q1, S100TPEP, S100W0UJ, S100YGX6 |
| Short-term borrowings | 42,380 | 57,306 | 49,587 | 35,940 | 45,206 | S100R1Q1, S100TPEP, S100W0UJ, S100YGX6 |
| Long-term borrowings | 41,914 | 29,782 | 41,625 | 49,996 | 36,796 | S100R1Q1, S100TPEP, S100W0UJ, S100YGX6 |
| Total liabilities | 147,690 | 154,846 | 164,947 | 161,156 | 170,361 | S100R1Q1, S100TPEP, S100W0UJ, S100YGX6 |
| Non-controlling interests | 11,681 | 11,697 | 9,615 | 9,208 | 9,223 | S100R1Q1, S100TPEP, S100W0UJ, S100YGX6 |
| Equity attributable to owners of parent | 96,270 | 95,505 | 94,243 | 98,826 | 96,897 | S100R1Q1, S100TPEP, S100W0UJ, S100YGX6 |
| Retained earnings | 87,724 | 86,897 | 88,650 | 93,157 | 91,156 | S100R1Q1, S100TPEP, S100W0UJ, S100YGX6 |
| Treasury stock | -8 | -8 | -8 | -8 | -8 | S100R1Q1, S100TPEP, S100W0UJ, S100YGX6 |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 11% | S100YGX6 |
| Receivables | 17% | S100YGX6 |
| Property, plant and equipment | 43% | S100YGX6 |
| Intangibles and goodwill | 1% | S100YGX6 |
| Investment securities | 3% | S100YGX6 |
| Other assets | 25% | S100YGX6 |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Trade payables | 7% | S100YGX6 |
| Other liabilities | 50% | S100YGX6 |
| Equity | 43% | S100YGX6 |
| Other liabilities | 0% | S100YGX6 |

### Balance sheet history

| Metric | FY ending Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 259,960 | 269,278 | 290,339 | 285,126 | 301,614 |
| Equity | 112,269 | 114,432 | 125,391 | 123,969 | 131,252 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 28,325 | 26,753 | 26,747 | 34,157 | 33,894 |

## Asset intensity and goodwill

Ratios are derived from reported values. Goodwill is used only when separately reported, never inferred from combined intangible assets.

| Metric | Value | Sources |
| --- | ---: | ---: |
| Asset intensity (fixed assets ÷ revenue) | 37.1% | S100YGX6 |
| Fixed assets ÷ total assets | 42.8% | S100YGX6 |
| Goodwill ÷ parent equity | 0.6% | S100YGX6 |

Goodwill over 4 years: 416 → 586 JPY; total investing cash flow: -98,015 JPY. This does not imply causation.

### Cash quality

Net cash = cash − interest-bearing debt. Net debt ratio = (interest-bearing debt − cash) ÷ positive operating cash flow. Omit when debt components are incomplete; other ratios are derived from reported figures.

| Metric | Value |
| --- | ---: |
| Cash ratio (cash ÷ total assets) | 11.2% |
| Cash ÷ revenue | 9.8% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 160.7% |
| Cash vs. profit gap | 31,743 JPY mn (of net income 2511.3%) |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | 259.2% |
| Shareholder payments — dividends / FCF | 52.6% |
| CapEx intensity (capex ÷ revenue) | 7.7% |
| Investing CF relative to operating CF | 84.4% |

## ROA and ROE

ROE is decomposed into net margin × asset turnover × financial leverage. Leverage can raise ROE, so the ratio alone does not assess a company's condition. Ending balances are used without a prior year; total equity approximates parent equity when unavailable.

| Period | Net margin | Asset turnover | ROA | Financial leverage | ROE | Sources |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| 2022 | 2.2% | 0.93× | 2.1% | 2.70× | 5.6% | S100R1Q1 |
| 2023 | 0.8% | 1.14× | 0.9% | 2.76× | 2.5% | S100TPEP |
| 2024 | 2.3% | 1.25× | 2.8% | 2.95× | 8.3% | S100W0UJ |
| 2025 | 2.2% | 1.21× | 2.7% | 2.98× | 8.1% | S100YGX6 |
| 2026 | 0.4% | 1.18× | 0.4% | 3.00× | 1.3% | S100YGX6 |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 本田技研工業株式会社 | Major shareholder | 25.0% | 2026-03-31 |
| 日本マスタートラスト信託銀行株式会社（信託口） | Major shareholder | 7.6% | 2026-03-31 |
| 株式会社日本カストディ銀行（信託口) | Major shareholder | 6.6% | 2026-03-31 |
| 合資会社大塚ホールディングス | Major shareholder | 4.0% | 2026-03-31 |
| MISAKI ENGAGEMENT MASTER FUND （常任代理人 香港上海銀行東京支店セキュリティーズ・サービシズ・オペレーションズ部） | Major shareholder | 3.9% | 2026-03-31 |
| STATE STREET BANK AND TRUST COMPANY 505001（常任代理人 株式会社みずほ銀行決済営業部） | Major shareholder | 3.7% | 2026-03-31 |
| 大塚 浩史 | Major shareholder | 2.3% | 2026-03-31 |
| BNP PARIBAS LUXEMBOURG/2S/JASDEC/FIM/LUXEMBOURG FUNDS/UCITS ASSETS （常任代理人 香港上海銀行東京支店セキュリティーズ・サービシズ・オペレーションズ部） | Major shareholder | 2.2% | 2026-03-31 |
| CGML PB CLIENT ACCOUNT/COLLATERAL（常任代理人 シティバンク、エヌ・エイ東京支店カストディ業務部） | Major shareholder | 2.2% | 2026-03-31 |
| STATE STREET BANK AND TRUST COMPANY 505301 (常任代理人 株式会社みずほ銀行決済営業部） | Major shareholder | 1.9% | 2026-03-31 |

## AI commentary（text by AI; the tables above are authoritative、claude-code）

- Revenue for FY ending Mar 2026 was ¥347.2B, flat on the prior year (+0.0%).
- Operating income rose from ¥19.7B to ¥20.5B, up +4.1%.
- Net income attributable to owners, however, dropped from ¥7.78B to ¥1.26B (-83.8%), and free cash flow fell from ¥16.7B to ¥6.23B (-62.6%).

### Drivers

- Net income shrank mainly because of restructuring costs, including the overhaul of its European operations, plus a write-down on investment securities.
- Europe swung back to a segment profit after a loss the year before, helped by cost control; China's profit also improved through tighter spending.
- Japan's profit was weighed down by upfront spending on the Energy Solution business, and the Americas saw a temporary production cut at customers hit by chip shortages. Higher spending on plant and equipment reduced free cash flow.

### Risks

- About half of sales go to the Honda group, so its strategy and purchasing decisions weigh heavily on results.
- Automakers are rethinking their EV plans, which makes demand for different powertrains harder to predict.
- Changes in tariffs and exchange rates could hurt earnings.

Cited: Annual Securities Report, 99th term (Apr 2025 - Mar 2026) (経営者による財政状態、経営成績及びキャッシュ・フローの状況の分析); Annual Securities Report, 99th term (Apr 2025 - Mar 2026) (事業等のリスク)

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第99期(2025/04/01－2026/03/31) | S100YGX6 | 2026-06-22 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YGX6,, |
| 有価証券報告書－第98期(2024/04/01－2025/03/31) | S100W0UJ | 2025-06-20 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W0UJ,, |
| 有価証券報告書－第97期(2023/04/01－2024/03/31) | S100TPEP | 2024-06-21 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TPEP,, |
| 有価証券報告書－第96期(2022/04/01－2023/03/31) | S100R1Q1 | 2023-06-23 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R1Q1,, |
| 有価証券報告書－第95期(令和3年4月1日－令和4年3月31日) | S100OE10 | 2022-06-23 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OE10,, |
| 有価証券報告書－第94期(令和2年4月1日－令和3年3月31日) | S100LN4H | 2021-06-23 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LN4H,, |

## Definitions

- Amounts are in millions of JPY (rounded). The period is stated in each table heading
- Operating margin = operating income ÷ revenue. Net income is attributable to owners of the parent when disclosed
- Free cash flow (FCF) = operating cash flow − capital expenditure
- ¥100 model = breakdown per ¥100 of revenue (rounded so parts sum to 100)
- Segment revenues include inter-segment sales and may not sum to consolidated revenue
- Source IDs are EDINET document IDs (docID). "算出" (derived) means computed from other disclosed values
- All figures are extracted mechanically from filings. AI-written text never generates figures
- Source: company filings submitted to EDINET (Financial Services Agency of Japan). Figures were extracted, edited and processed, and charts and text were created, by Vizora — not by the FSA (used under the Public Data License v1.0).