Hikari Tsushin 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
3M CO	COMMON	88579Y101	23,684,781	231,772	SH		DFND	N/A	231,772	0	0
ABBOTT LABORATORIES	COMMON	002824100	3,415,522	32,870	SH		DFND	N/A	32,870	0	0
ABBVIE INC	COMMON	00287Y109	18,003,254	104,963	SH		DFND	N/A	104,963	0	0
AFLAC INC	COMMON	001055102	187,015	2,094	SH		DFND	N/A	2,094	0	0
AGILENT TECHNOLOGIES INC	COMMON	00846U101	235,278	1,815	SH		DFND	N/A	1,815	0	0
ALLISON TRANSMISSION HOLDING	COMMON	01973R101	189,750	2,500	SH		DFND	N/A	2,500	0	0
ALPHABET INC-CL A	COMMON	02079K305	129,778,596	712,482	SH		DFND	N/A	712,482	0	0
ALTRIA GROUP INC	COMMON	02209S103	14,299,238	313,924	SH		DFND	N/A	313,924	0	0
AMETEK INC	COMMON	031100100	5,549,442	33,288	SH		DFND	N/A	33,288	0	0
APPLE INC	COMMON	037833100	14,116,174	67,022	SH		DFND	N/A	67,022	0	0
AUTOMATIC DATA PROCESSING INC	COMMON	053015103	2,482,376	10,400	SH		DFND	N/A	10,400	0	0
BERKSHIRE HATHAWAY INC-CL A	COMMON	084670108	689,995,607	1,127	SH		DFND	N/A	1,127	0	0
BERKSHIRE HATHAWAY INC-CL B	COMMON	084670702	9,526,036	23,417	SH		DFND	N/A	23,417	0	0
BHP GROUP LTD-SPON ADR	COMMON	088606108	6,794,909	119,021	SH		DFND	N/A	119,021	0	0
BRISTOL-MYERS SQUIBB CO	COMMON	110122108	3,369,786	81,141	SH		DFND	N/A	81,141	0	0
BROOKFIELD CORP	COMMON	11271J107	1,817,957	43,764	SH		DFND	N/A	43,764	0	0
CIGNA CORP	COMMON	125523100	2,945,709	8,911	SH		DFND	N/A	8,911	0	0
COSTCO WHOLESALE CORP	COMMON	22160K105	1,189,986	1,400	SH		DFND	N/A	1,400	0	0
DANAHER CORP	COMMON	235851102	16,557,310	66,269	SH		DFND	N/A	66,269	0	0
EAST WEST BANCORP INC	COMMON	27579R104	146,460	2,000	SH		DFND	N/A	2,000	0	0
ECOLAB INC	COMMON	278865100	4,729,774	19,873	SH		DFND	N/A	19,873	0	0
EXXON MOBIL CORP	COMMON	30231G102	5,851,780	50,832	SH		DFND	N/A	50,832	0	0
FIRST TRUST SENIOR LOAN ETF	COMMON	33738D309	23,304,512	509,834	SH		DFND	N/A	509,834	0	0
FONAR CORP	COMMON	344437405	226,528	14,158	SH		DFND	N/A	14,158	0	0
FORTIVE CORP	COMMON	34959J108	3,787,770	51,117	SH		DFND	N/A	51,117	0	0
GENTEX CORP	COMMON	371901109	68,094	2,020	SH		DFND	N/A	2,020	0	0
HUNTINGTON INGALLS INDUSTRIE	COMMON	446413106	270,963	1,100	SH		DFND	N/A	1,100	0	0
INTUITIVE SURGICAL INC	COMMON	46120E602	7,805,783	17,547	SH		DFND	N/A	17,547	0	0
INVESCO S AND P SPIN-OFF ETF	COMMON	46137V159	341,441	4,903	SH		DFND	N/A	4,903	0	0
INVESCO SENIOR LOAN ETF	COMMON	46138G508	46,722,644	2,220,658	SH		DFND	N/A	2,220,658	0	0
ISHARES BIOTECHNOLOGY ETF	COMMON	464287556	188,458	1,373	SH		DFND	N/A	1,373	0	0
ISHARES 20 YEAR TREASURY BD	COMMON	464287432	3,176,230	34,607	SH		DFND	N/A	34,607	0	0
ISHARES IBOXX HIGH YLD CORP	COMMON	464288513	23,732,970	307,661	SH		DFND	N/A	307,661	0	0
JACK HENRY AND ASSOCIATES INC	COMMON	426281101	2,387,700	14,382	SH		DFND	N/A	14,382	0	0
JACOBS SOLUTIONS INC	COMMON	46982L108	5,979,588	42,800	SH		DFND	N/A	42,800	0	0
JOHNSON AND JOHNSON	COMMON	478160104	20,011,935	136,918	SH		DFND	N/A	136,918	0	0
LEVI STRAUSS AND CO- CLASS A	COMMON	52736R102	472,360	24,500	SH		DFND	N/A	24,500	0	0
LINDE PLC	COMMON	G54950103	11,189,655	25,500	SH		DFND	N/A	25,500	0	0
LOCKHEED MARTIN CORP	COMMON	539830109	15,307,334	32,771	SH		DFND	N/A	32,771	0	0
MEDTRONIC PLC	COMMON	G5960L103	11,409,172	144,952	SH		DFND	N/A	144,952	0	0
MERCK AND CO INC	COMMON	58933Y105	1,090,926	8,812	SH		DFND	N/A	8,812	0	0
MICROSOFT CORP	COMMON	594918104	5,313,789	11,889	SH		DFND	N/A	11,889	0	0
MONDELEZ INTERNATIONAL INC-CL A	COMMON	609207105	1,367,565	20,898	SH		DFND	N/A	20,898	0	0
MOODY'S CORP	COMMON	615369105	13,338,851	31,689	SH		DFND	N/A	31,689	0	0
NOVO NORDISK AS	COMMON	670100205	3,356,103	23,512	SH		DFND	N/A	23,512	0	0
NUTRIEN LTD	COMMON	67077M108	549,828	10,800	SH		DFND	N/A	10,800	0	0
OCCIDENTAL PETROLEUM CORP	COMMON	674599105	333,870	5,297	SH		DFND	N/A	5,297	0	0
ORGANON AND CO	COMMON	68622V106	12,399	599	SH		DFND	N/A	599	0	0
PHILLIPS 66	COMMON	718546104	17,461,458	123,691	SH		DFND	N/A	123,691	0	0
PROCTER AND GAMBLE CO	COMMON	742718109	4,736,832	28,722	SH		DFND	N/A	28,722	0	0
REPUBLIC SERVICES INC	COMMON	760759100	6,257,748	32,200	SH		DFND	N/A	32,200	0	0
ROPER TECHNOLOGIES INC	COMMON	776696106	8,793,096	15,600	SH		DFND	N/A	15,600	0	0
ROYALTY PHARMA PLC	COMMON	G7709Q104	58,541	2,220	SH		DFND	N/A	2,220	0	0
SOLVENTUM CORP	COMMON	83444M101	2,970,798	56,180	SH		DFND	N/A	56,180	0	0
TRANSDIGM GROUP INC	COMMON	893641100	1,354,267	1,060	SH		DFND	N/A	1,060	0	0
TRIMBLE INC	COMMON	896239100	991,350	17,728	SH		DFND	N/A	17,728	0	0
VANGUARD FTSE EMERGING MARKE	COMMON	922042858	462,937	10,579	SH		DFND	N/A	10,579	0	0
VANGUARD FTSE PACIFIC ETF	COMMON	922042866	365,782	4,931	SH		DFND	N/A	4,931	0	0
VANGUARD HEALTH CARE ETF	COMMON	92204A504	4,985,904	18,744	SH		DFND	N/A	18,744	0	0
VANGUARD S AND P 500 ETF	COMMON	922908363	42,888,648	85,755	SH		DFND	N/A	85,755	0	0
VANGUARD INTERMEDIATE-TERM T	COMMON	92206C706	3,199,971	54,954	SH		DFND	N/A	54,954	0	0
VEEVA SYSTEMS INC-CLASS A	COMMON	922475108	1,260,024	6,885	SH		DFND	N/A	6,885	0	0
VERALTO CORP	COMMON	92338C103	2,056,997	21,546	SH		DFND	N/A	21,546	0	0
VERISIGN INC	COMMON	92343E102	1,049,198	5,901	SH		DFND	N/A	5,901	0	0
VISA INC-CLASS A SHARES	COMMON	92826C839	26,395,558	100,566	SH		DFND	N/A	100,566	0	0
VONTIER CORP	COMMON	928881101	1,499,999	39,267	SH		DFND	N/A	39,267	0	0
WATERS CORPORATION	COMMON	941848103	6,671,890	22,997	SH		DFND	N/A	22,997	0	0
WELLS FARGO AND CO	COMMON	949746101	631,375	10,631	SH		DFND	N/A	10,631	0	0
WOODSIDE ENERGY GROUP-ADR	COMMON	980228308	665,517	35,381	SH		DFND	N/A	35,381	0	0