As usual there is a lot of speculation going on here.
Balanced connection is not the same as fully differential amplification. The latter is what you really want from a low noise, high performance amplifier/preamp. One of the main benefits of a differential circuit is noise rejection within the component, it’s not as much about rejecting noise at the signal transmission between components. This doesn’t require transformers in solid state circuits as was alleged above. Lol
If Luxman claims their circuits are fully differential I would be inclined to believe them. However, it may be that their amps merely offer the provision for a balanced connection, and thus noise rejection from cable run interference. I don’t care enough to investigate their designs so can’t say which they are doing.
If you want a fully discrete and differential circuit, Yamaha offers that in their A-S2XXX and 3XXX integrateds. And IMHO, they offer that while looking much better in the process. They don’t have what I consider a neutral voicing, but on balance (no pun intended) they can compete with some separates-based systems costing thousands more. Note that I didn’t say “ALL separates-based” systems. I have to throw that disclaimer in there for those who will invariably get bent and defensive over that claim. Gotta have my legal team standing by with their flame shields in hand.