At glance, this seems like a compilation of Fence 14 older works plus other things. Some censor bars in this are smaller and less in quantity compared to the other ones though. Keyword being "some."

Seems like the artist's definition of futa and shemale is kinda blurred here. I think I only see one or two instances of the futa with a vagina slit? The rest seems like shemales but I haven't really inspected that deeply into this work.

As far as I'm concerned a futa is only a futa if she has both sex organs, balls or no balls.

Anyway if you like what you see, support the artist by getting a copy here:

https://www.dlsite.com/maniax/work/=/product_id/RJ441054.html

Peace,

-Futa777.

Wasn't this translated into english?

Base +6, Equilius +6, kiwino -14, Sylphvine -6, ADIN0 +6

Black bars on page 42 and 45 does make it seem like it fulfill futanari tag requirement, even though it would be the barebones indication, and it would line up with the ambiguous line in the taint area like with page 10. Other pages do make it seem like there is just a taint that would make shemale more applicable, though.

Base +13, ADIN0 +6