The 4715 is surely among the smallest DACs in high-end audio, and the main reason for that is Kimura's desire to keep signal paths as short as possible. Mission accomplished, I'd say. The converter is the more radical of these two products: It has no digital filter chip—so it can run neither resolution-enhancement schemes à la HDCD nor bog-standard oversampling—and it doesn't even contain an analog filter. What it does contain is a total of only 20 parts: 7 resistors, 3 film capacitors, 6 electrolytic capacitors, 2 voltage regulators, and 2 chips. Of the last, one is a Philips TDA1543T 16-bit dual DAC, the other a Crystal CD8412 input receiver. That's it—that and a tiny circuit board, a few jacks, and a neat-looking ceramic box. There isn't even an op-amp for converting current to voltage at the output, because that's done passively, with two resistors.