It might be DCG-HDR in the ISO100~400 range, which is a single-frame HDR method, already been used in smartphones for some time. One exposure, two readouts, one from high well capacity mode, another from low capacity mode. Since there's still only one circuit, one ADC, the readout time doubles.
GH7 and G9II on the other hand, are using DAG-HDR. One exposure, two parallel analog amp circuits. Readout time stays the same, but the bandwidth doubles.
I don't have a technical background. This is just a guess according to a whole day of searching. But no matter what, I found it hard to believe it's only due to NR.