Thank you very much for joining us today despite your busy schedule. On behalf of Toray Group, I'd like to take this opportunity to extend my gratitude towards your continued understanding and your interest in our management and business activities. Now, I'd like to report Toray's business results for the third quarter and the nine months ended December 31st, 2025, and the business forecast for the fiscal year ending March 2026. Now, I'd like to follow the table of contents shown on page one. This is a summary of the business performance and forecast. During the nine months in FY 2025, the Japanese economy continued to recover at a gradual pace. However, sluggishness in the flow of goods and holding back on purchases were also seen in some areas against the backdrop of growing uncertainties triggered by the U.S. policy shift under the Trump administration. Amid these circumstances, operating income over the nine months decreased year-on-year to JPY 105.1 billion due to the sluggish market conditions and the impact from inventory adjustments, although the company worked on business structure reform and strategic pricing. The full year forecast for operating income increased to JPY 150 billion compared with the previous fiscal year. Furthermore, the company is proceeding with share buybacks in line with the resolution at the Board of Directors meeting held in November 2024. As of the end of January 2026, the total repurchased price of shares has reached JPY 29 billion, equivalent to 28 million shares. I'll explain the details starting from the next page. I'd like to begin with a summary of business results for the third quarter and the nine months ended December 31st, 2025. Please turn to page four. Consolidated revenue for the nine months decreased 0.2% compared with the same period a year earlier to JPY 1,919.5 billion. Operating income decreased 3.4% to JPY 105.1 billion, and profit decreased 46.6% to JPY 40.2 billion. Page five is about special items. Special items for the nine months worsened by JPY 29.1 billion to negative JPY 34.1 billion, compared with the same period of the previous fiscal year. Toray posted JPY 25 billion of impairment losses as profitability worsened in the battery separator film business at the subsidiary in the Republic of Korea due to the sluggish EV market, et cetera. Page six about assets, liabilities, equity, and free cash flow. As for financial condition at the end of December 2025, both assets and liabilities were affected by the increase in translated yen amounts of its overseas subsidiaries caused by yen depreciation. Total assets stood at JPY 3,515.1 billion, up JPY 222.5 billion from the end of the previous fiscal year, due primarily to increases in trade and other receivables, as well as property, plant and equipment. Total liabilities increased JPY 158.5 billion from the end of the previous fiscal year to JPY 1,630.5 billion, owing mainly to increases in borrowings. Despite a decrease owing to share buybacks, total equity increased by JPY 64 billion compared with the end of the previous fiscal year to JPY 1,884 billion, due mainly to increases in other capital components. Owners' equity was JPY 1,762 billion, interest-bearing liabilities was JPY 985.1 billion, and the D/E ratio was 0.56. Free cash flow was positive at JPY 14.1 billion. Page seven explains about the capital expenditures, depreciation and amortization, and R&D expenditures. Capital expenditures for the nine months decreased by JPY 41.9 billion to JPY 102.7 billion on a year-to-year comparison. Meanwhile, depreciation and amortization increased by JPY 1 billion to JPY 100.7 billion. R&D expenditures increased by JPY 1.6 billion to JPY 54.4 billion compared with the same period of the previous fiscal year. Page eight shows the factor analysis of JPY 3.7 billion decrease in operating income for the nine months on a year-to-year comparison. The fibers and textiles segment remained strong, mainly in the apparel applications. Meanwhile, in the performance chemicals segment, operating income decreased due to weak sales of battery separator film and lack of temporary factors, including reversal allowance, that increased profit in the previous fiscal year, et cetera. In the carbon fiber composite materials segment, profits decreased due mainly to the impact of demand correction. As for the net change in price, strategic pricing has proceeded steadily.... Operating income decreased 3.4% compared with the same period of the previous fiscal year, and operating income margin fell 0.2 points. Using page nine and after, I'd like to explain the results of each segment. First, fibers and textiles. Revenue of the overall segments increased 3.9% to JPY 804.9 billion compared with the same period a year earlier, and operating income increased 9.5% to JPY 54.8 billion. The apparel applications were robust, as shipment of the fall/winter clothing in Japan was strong overall. As for the industrial applications, amid the sense of stagnation in the markets, including the automobile applications, the group strives to reduce costs. Page ten is the performance chemical segment. Revenue decreased 6.1% to JPY 668.7 billion, compared with the same period a year earlier. Operating income decreased 10.3% to JPY 43.1 billion. In the resins and chemicals businesses, spread of the resins business has improved, but sales were stagnant due to impact from the slowdown in the automobile applications. The chemicals business was affected by the worsening market conditions. In the films business, demand for automobile capacitor and electronic parts-related applications grew, while sales of battery separator film were sluggish. In the electronic and information materials business, OLED-related materials and circuit materials were affected by the slow demand for display panels and the intensified competition in China, although a new product for the power inductor applications was launched. Page 11 is the carbon fiber composite material segment. Revenue decreased 4.7% to JPY 212.7 billion compared with the same period a year earlier, and this segment posted operating income of JPY 11.5 billion, 18.6% decrease from the same period a year earlier. In the aerospace applications, sales for a major customer have steadily recovered, accompanying the alleviation of inventory adjustments in supply chain. In the sports applications, sales of the high-end products for outdoor leisure was steady. However, inventory adjustments of the general purpose products continued. In the industrial applications, the pressure vessel applications entered an adjustment phase. Page 12, in the environment and engineering segment, revenue increased 11% to JPY 180.3 billion compared with the same period a year earlier, and operating income increased 3.5% to JPY 17.6 billion. The water treatment business was affected by the sluggish market conditions in China, even as the shipments for the Middle East remained strong. As for subsidiaries in Japan, sales of a construction subsidiary was steady. Page 13 is the life science segment. Revenue decreased 1.8% to JPY 38.5 billion compared with the same period a year earlier, and operating income decreased by JPY 0.2 billion to -JPY 1.1 billion. The pharmaceutical business was affected by the penetration of the generic version of the drug in Japan, while overseas sales grew mainly in China. In the medical devices business, sales of dialyzers for hemodiafiltration was slow. Page 14 shows the business results of major subsidiaries and regions. At Toray International, sales were strong mainly in the fibers and textiles, but affected by the cost increase. At our subsidiaries in Southeast Asia, in the fibers and textiles business, demand for the apparel applications and automotive applications in the industrial applications was weak. In the performance chemicals business, spread of ABS resins has improved. At our subsidiaries in China, in the fibers and textiles business, the apparel applications were steady. In the performance chemicals business, the chemical business was impacted by the worsened market conditions. As for our subsidiaries in the Republic of Korea, sales volume of the fibers and textiles business decreased, stemming from the scale down of low profitability applications. However, spread has improved. In the performance chemicals business, sales of battery separator film was stagnant. Next, I'd like to explain the consolidated business forecast for the fiscal year ending March 2026. Please turn to page 16. The global economy is expected to continue with the gradual recovery phase. While the uncertainties stemming from the Trump tariffs will remain high, their impact on the global economy is likely to be limited. The Japanese economy is also expected to continue with its gradual recovery. However, prevailing economic trends will be affected by the direction of the trade and foreign policies of the U.S. and the responses from other countries, geopolitical tensions and rising prices of primary products, the future of AI demand, and the stagnation in the Chinese economy, which may also have a significant impact on the changes in the supply chains and trade structure in the medium to long term. For the fiscal year ending March 2026, Toray revised its full-year consolidated forecast for revenue, taking into consideration its business performance for the nine months and business environment. The forecast for operating income and profits attributable to owners of parent remain the same as the announcement on November 14th, 2025. Assumed exchange rate from January onwards is 155 yen per U.S. dollar. Page 17 shows the consolidated business forecast for the fiscal year ending March 2026 by segment. Based on the business performance for the nine months, Toray has revised its forecast for the fibers and textiles and carbon fiber composite materials segment, as well as other relevant segments. Revenue and operating income are expected to increase, owing to sales expansion in the fibers and textiles and environment and engineering segments, in addition to the positive effects from the strategic pricing and profitability improvement projects. Page 18 shows the comparison of operating income between the forecast announced on November 14th, 2025, and the new forecast with breakdowns into segments. The factors behind the difference are shown on the right side of the table. This concludes my presentation. Thank you very much.