This is Arai speaking. Thank you very much for joining our financial results briefing for the second quarter of FY 2027. Given the interest of time, I will begin my presentation right away. First, please turn to page 4 of the financial results presentation material. For the second quarter of FY 2027, operating revenue was JPY 378.4 billion, with business profit of JPY 50.9 billion, and profit attributable to owners of parent of JPY 27.3 billion. Profit progress toward the full-year guidance was 30%, in line with our plan. As I will explain later, progress through the second quarter is on track, and we expect further profit in the second half. We have therefore revised up our full-year forecast. Next, financial results by segment. Please turn to page 5. By segment, profit declined in property brokerage and CRE and overseas, while residential development and property and facility management recorded increase in both revenue and profit. Next, the earnings forecast for FY 2027. Page 6, please. As I mentioned, progress rate at the end of Q2 may appear low, but this is because our plan for this fiscal year calls for profit recognition to be concentrated in the second half. Reflecting the current brisk domestic business and greater visibility on property delivery scheduled in the second half, we have revised our full-year earnings forecast. We expect to renew the previous record highs for four consecutive years for operating revenue and six consecutive years for each profit lines. By segment, compared with our initial forecast, we now expect higher profit in residential development and property and facility management, and lower profit in overseas. The upward revision for residential development was due to the better-than-expected profit in housing sales and our expectation for full-year gross profit to exceed our plan. We revised the property and facility management because both the volume and unit price for construction work at BLUE FRONT SHIBAURA in the second half are expected to exceed our initial expectation. Meanwhile, as we explained in our first quarter results, sales progress overseas has been slow this fiscal year, and hence, we have revised the forecast to reflect this. Next, performance highlights by segment. Please turn to page 12. In residential development, both operating revenue and business profit increased due to an increase of number of housing units sold and an increase in property sales. For the full year, we expect both revenue and profit to grow, reflecting a higher gross profit ratio on housing sales. Next, please turn to page 13. The gross profit ratio for housing sales reached 27.9% in Q2, driven by higher average sales price. This is up 1 percentage point from 26.9% in the first quarter. For the full year, we have not changed our revenue forecast, but in light of strong recent sales, we now expect the gross profit ratio to be in the 27% range. Next, please turn to page 14. Against our FY 2027 scheduled housing sales of JPY 350 billion, the contract progress rate stands at 82.7%. This may appear low compared with the past several years, but progress is on track, and we believe the target is achievable. Please turn to page 15. Land acquisitions increased by approximately JPY 80 billion from Q1, reaching JPY 103 billion. Our total land bank stands at approximately JPY 2.6 trillion, equivalent to roughly seven years of business volume. Next, please turn to page 18. In property sale, we are making progress in selling rental housing, senior housing, and hotels, which we identified as growth businesses in the three-year midterm management plan. In Q2, sales have progressed faster than the typical years, and we expect further sales buildup in the second half. Next, please turn to page 19. Land acquisition for property sale increased by approximately JPY 60 billion from Q1, reaching JPY 74 billion. Even as we continue property sales, we have managed to acquire land, securing a land bank totaling JPY 470 billion. Next, commercial real estate segment. Please turn to page 21. In commercial real estate, operating revenue marked JPY 94.9 billion with business profit of JPY 9.7 billion. Our full-year forecast remains unchanged. Please turn to page 22. Property sale amount was JPY 37.1 billion with gross profit of JPY 10 billion. Although this may appear low compared with typical years, we are on track with visibility to achieve 90% of the sales plan. Now please turn to page 23. Regarding the land acquisition for property sales, the figure for the first quarter was zero, but we have since steadily acquired land for logistics facilities and office projects, bringing the total to JPY 133 billion as of now, making progress as planned. Our land bank total now stands at JPY 1.2 trillion. Now, overseas segment. Please turn to page 30. In the overseas segment, both operating revenue and business profit declined, partly due to the settlement expenses related to the exit from the project in Vietnam, which had already been recognized in the first quarter financial statements. For the full year, we decided to defer the recognition for some property sales in Vietnam that were originally scheduled to be booked this fiscal year. Consequently, we have adjusted our business profit. For investment management segment on page 33. In the investment management segment, assets under management for private REITs and private funds have grown steadily, leading to an increase in both operating revenue and business profit. For the fiscal year ending March 2027, our outlook remains unchanged from the initial plan. We expect an increase in both operating revenue and business profit driven by increased property sales by funds and growth of AUM. Please turn to page 34 for property brokerage and CRE segment. In property brokerage and CRE, both operating revenue and business profit increased as transaction value increased across retail, middle, and wholesale businesses. For the fiscal year ending March 2027, our outlook remains unchanged from the initial plan. We expect operating revenue to increase, while the business profit is projected to remain flat as we plan to incur expenses for advertising and digital transformation for future growth. Please turn to page 36 for property and facility management segment. In this segment, both operating revenue and business profit declined due to lower construction orders compared to the same period last year. With the concentration of orders associated with the BLUE FRONT SHIBAURA project, the recognition of planned expenses, including digital transformation and personnel costs, also had impact. For the full year, business profit will decrease as we anticipate an increase in expenses such as digital transformation and personnel. However, we expect an increase in operating revenue driven by an increase in construction work for the BLUE FRONT SHIBAURA project in the second half of the year. Compared to our initial plan, we have revised up operating revenue forecast by JPY 5 billion. Our business profit forecast by JPY 2 billion. That is the end of the segment-specific review. Page 10, shareholder return policy. Our dividend forecast for the fiscal year ending March 2027 remains unchanged from our initial disclosure. With both operating revenue and business profit projected to reach record highs, we anticipate increasing our dividend for the 15th consecutive year. With our financial indicators of total return ratio of 40%-50% and DOE of at least 4%, we remain committed to achieving profit growth and providing robust shareholder returns in line with that growth. Finally, I'd like to talk about how we are addressing rising interest rates, which I believe is a topic of interest for investors. Page 39, please. This is the same slide we presented during our first quarter earnings announcement. While I will not go into details, the left side of the page outlines our initiatives regarding finance and balance sheet, while the right-hand side covers our operational initiatives. Today, I will share some specific examples of these efforts. Please turn to page 40. This slide illustrates an example of how we have advanced development projects while effectively managing our balance sheet. The left side of the page shows a conceptual model of a scheme whereby leveraging capital from investors, we can manage our BS, specifically by reducing interest expenses while securing, at the same time, opportunities for future profit growth. This approach was also outlined in the management plan announced a year and a half ago. We have now successfully implemented this scheme for the development of a large-scale logistics facility. Our ability to not only execute development projects, but also secure funding through strong relationships with investors, is a unique strength of our company. Going forward, we intend to build on this strength by expanding such initiatives, allowing us to simultaneously reduce interest costs and capture new business opportunities. Please turn to page 41. This page illustrates our lab office business as an example of how we enhance the value of our products. While I skip some details, there is growing demand for lab offices that allow for R&D activities to be conducted within an office environment. By providing high-specification facilities to meet this demand, we, as developer, can achieve higher profitability compared to standard offices. We have already committed over JPY 100 billion in investments, and we plan to continue expanding this business. Please turn to page 42. I will discuss the growth of our non-asset business, which is less sensitive to interest rate fluctuations. We possess a broad range of investment management capabilities encompassing not only J-REITs, but also private REITs and private funds. Through capital procurement and product development that leverage the strengths of our group, our AUM are growing steadily. For our private REITs, we have been successfully increasing the capital, including JPY 30 billion raised in September. As for our private funds, we are launching new types of funds and collaborating with Nomura Holdings, and we expect this area to continue to grow. Please turn to page 43. Finally, I will discuss our property brokerage and CRE segment as another example of growth within our non-asset business. Our property brokerage and CRE segment's strengths lie in its robust capabilities, not only for retail, but also for middle and wholesale businesses, and in its close collaboration with the Nomura Group, which provides us with a solid client base. By leveraging these strengths, we are achieving steady growth. This fiscal year, we have also stepped up our advertising and promotional efforts, eyeing to becoming the third largest player in the industry. This is another area where we intend to drive further growth. That concludes my presentation. Thank you very much.