Works great. I use a very thin and light B5 binder to hold the reports I need to carry around. I didn't want to spend more than $100 on a full size Japanese puncher so I bought one. It takes 4 strokes to pierce the top of the paper but due to the small guide on the side it goes very smoothly and fits perfectly. I've been using it for a couple of weeks now and I'm very happy with this purchase.
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