Never done Panasonic but some instructions are very similar to Mitsubishi,
At a guess a DMOV is 32 bit move instruction, however, the WRT may be a 16 bit instruction hence the "K" constant so when evaluating for monitoring purposes DT120 is actually DT120 & DT121 (two 16 bit registers, not looked at the values but assume any value below 32767 will only show up in DT121 so DT120 would be 0, values above this would show a small number in DT120
So as the rung is not evaluated it looks like as the second DT120 value is reading only DT120 as a 16 bit value whereas the first instruction is reading as a 32 bit value.
So as DT120 as a 32 bit number with a value of 1,362,582 would be
DT120 as 0000 0000 0001 0100 & D121 as 1100 1010 1001 0110
So as I assume the WRT function is 16 bit (I would expect a 32 bit to be DWRT)
so it is evaluating DT120 as Decimal 20 in the second rung although by the looks of it the rung is not being processed as R701 is not on.