This is the 1164th most frequent Japanese word.
実態
Reality; actual condition; true state.
Here, "実態" refers to the true condition or situation of the person being discussed.
彼の実態はまだ知られていない。
His actual state is still unknown.
In this sentence, "実態" is used to represent the real status or condition that exists in the market.
市場の実態を調査する必要がある。
It's necessary to investigate the actual state of the market.
Here, "実態" means the factual state or circumstances of the company as it exists objectively.