So it is time, so we will try to begin Mitsubishi Electric Corporation's consolidated financial results briefing for the third quarter of fiscal year 2026. So allow me to introduce today's speaker, Executive Officer and CFO Mr. Kenichiro Fujimoto. Mr. Fujimoto, please begin. This is Fujimoto from Mitsubishi Electric. Thank you for joining our financial results briefing today. I will now explain the consolidated financial results summary for Mitsubishi Electric's third quarter of fiscal year 2026. Please turn to page three. These are the key points of my presentation. I will cover the results for the third quarter of fiscal year 2026, which will be referred to as Q3. Revenue reached a record high of JPY 1,423.5 billion for the three-month period of Q3, driven primarily by business volume expansion from increased demand in the Infrastructure Business Area and the Factory Automation Systems business. Operating profit, excluding the impact of the Next-Stage Support Program for personnel structure optimization, reached JPY 144.7 billion, driven by increased sales and the results of ongoing efforts to increase profitability and efficiency across all businesses. The operating profit margin of 10.2% marked a record high for the three-month period of Q3, resulting in increased revenue and profits over the same period last year. The Next-Stage initiative's third quarter results, including the accelerated implementation at subsidiaries, amounted to JPY 74.3 billion. Operating profit, including this impact, was JPY 70.3 billion. Furthermore, both revenue and profit on a net basis, excluding the impact of Next-Stage, reached record highs for the cumulative nine months through Q3. The full year, Fiscal Year 2026 earnings forecast reflects strong performance in the Infrastructure BA and FA Systems segment, as well as changes in exchange rates. Revenue is projected to increase by JPY 900 billion over the previous forecast to JPY 5,760 billion. Operating profit on a net basis, excluding the impact of Next-Stage, is projected at JPY 500 billion, an increase of JPY 30 billion from the previous forecast of JPY 470 billion. Operating profit, including the Next-Stage impact, is forecast at JPY 400 billion, down JPY 30 billion from the previous forecast. Our projection for the impact of Next-Stage has been revised from JPY 40 billion to JPY 100 billion. This reflects the accelerated implementation of the program at subsidiaries, originally anticipated for next fiscal year and beyond. We will secure performance by implementing steady growth investments alongside measures to improve profitability and efficiency. Now please turn to page five. This shows the group's performance for the three months of Q3. Revenue increased by JPY 66.7 billion year-on-year to JPY 1,423.5 billion, surpassing Q3 fiscal year 2025 to reach the highest ever. Operating income, excluding the impact of Next-Stage, increased by JPY 17.8 billion year-on-year to JPY 144.7 billion, another record high, and operating margin improved by 0.8 percentage points year-on-year to a record 10.2%. Now please turn to page five. This page shows the results for the first nine months of the fiscal year. Revenue of JPY 4,156 billion, operating profit of JPY 369 billion on a real basis, excluding the impact of Next-Stage, and the operating margin of 8.9%, all set new highs for the first nine months of the fiscal year. Net profit also reached the highest ever, even including the impact of Next-Stage. Please refer to page seven. This waterfall chart shows the year-on-year changes in revenue and operating profit for the three months of the third quarter, as explained earlier. Despite the impact of a logistics subsidiary share transfer in the same period of the previous fiscal year, we achieved a significant year-on-year growth in both revenue and operating income on a real basis, excluding the impact of Next-Stage due to the weak yen, increased AI and smartphone-related demand in the FA Systems business, expansion of the infrastructure BA accompanying growth in UPS and power substation-related businesses for data centers in North America, as well as in the defense business, in addition to price improvements and cost reductions. Please see page eight. This shows the fluctuation in revenue and operating profit for the first nine months of the fiscal year. The foreign exchange rate negatively impacted revenue by JPY 5 billion and profit by JPY 11 billion. However, if you exclude the Next-Stage impact on a real basis, revenue and profit both increased year on year, primarily due to expanded business volume. Please turn to page nine now. This is the consolidated statement of profit or loss for the third quarter, three months. The cost of sales ratio improved by 1.7 percentage points compared to the same period last year, driven by the weak yen effect and improvements in the FA Systems segment and the semiconductor devices group. Selling general and administrative expenses increased year-on-year, primarily due to an approximately JPY 6 billion increase in yen-denominated amounts resulting from the weak yen. However, the SG&A ratio improved by 0.5 percentage points. Other income expenses in the same period last year posted a gain on the sale of shares in a logistics subsidiary, while this year we have recognized the expenses from the Next-Stage initiative. The deterioration in financial income expenses resulted from the recognition of currency gains due to a sharp yen depreciation in the same period last year. The improvement in investment profits accounted for using the equity method includes the impact of the fair value assessment of existing equity interests in AG MELCO Elevator Co. LLC., which was made a subsidiary in the Building Systems segment. Please refer to page 10 for the consolidated statement of profit or loss for the nine-month period of the first three quarters. Now please skip to page 11. Turning now to the consolidated statement of financial position. First, assets increased by JPY 284.2 billion over the end of the previous fiscal year. Inventories increased by JPY 125.5 billion due to the impact of yen depreciation and progress in construction of the made-to-order business. We will continue to work on improving asset efficiency, such as by optimizing inventory placements. Equity capital increased by JPY 225.4 billion over the end of the previous fiscal year. Of this, equity attributable to parent company shareholders, despite the impact of dividend payouts and the repurchase of shares, increased by JPY 212.4 billion to JPY 4,162 billion over the end of the previous fiscal year, driven by a net profit of JPY 298.2 billion and the impact of currency conversion on the net assets of overseas subsidiaries due to the weak yen. The ratio of equity attributable to parent company shareholders to total assets increased by 0.6 percentage points from the end of the previous fiscal year to 62.5%. Please turn to page 12 for the consolidated cash flows for the cumulative nine-month period. Cash flow from operating activities was an inflow of JPY 342.9 billion, an increase of JPY 34.7 billion year-on-year, primarily due to recording of net profit. Cash flow from investing activities resulted in an outflow of JPY 138.4 billion, a JPY 4.4 billion increase in outflows. This was due to higher expenditures for acquisitions, which outweighed proceeds from the sale of securities. As a result, free cash flow was an inflow of JPY 204.4 billion, an increase of JPY 30.2 billion year-on-year. Turn to page 13, please. I will now explain revenue and operating profit by segment for the three months of third quarter. During this period, all business areas except Semiconductor & Device saw growth, while all business areas recorded profit increase on the next page. For the nine-month period up till third quarter, revenue grew in all business areas except Industry & Mobility and Semiconductor & Device. Profit increased in all segments except Life. The Next-Stage impact is included in elimination and corporate. Details for each segment are on the following pages. A full list of subsegments figures is available in the supplementary information of page 23 and 24. Skipping one page, please see page 15 for the Infrastructure Business Area. All subsegments recorded year-on-year increased in both revenue and profit. In Public Utility Systems segment, order intake, sales, and profit all exceeded the previous year. This was driven by strong UPS business for overseas data centers and steady domestic transportation projects. For Energy Systems segment, demand remained solid due to data center expansions, particularly in North America. Orders, revenue, and profit all exceeded previous year. In the third quarter, specifically, the operating margin improved due to the higher proportion of high margin projects. In the Defense and Space Systems segment, order intake, revenue, and operating profit exceeded previous year due to expanding demand. Order intake remained high, and backlog has been increasing since the end of the fiscal half. And we expect steady growth in both sales revenue and profit going forward. Page 16 discusses the Industry and Mobility Business Area. In the Factory Automation Systems segment, driven by demand for smartphones and machine tools in China, as well as continued AI-related capital investment in Japan and China, orders, revenue rose year-over-year. And due to higher revenue, excuse me, the sales volume, price improvements, and cost reductions, operating profit also increased from last year. Automotive Equipment segment, sales fell year-on-year due to lower sales to Japanese automakers in China and decreased car multimedia equipment for North America. However, profit increased through price improvements and cost reductions. Page 17, please. This is Life Business Area. The Building Systems segment saw growth in orders, revenue, and operating profit led by an increase in domestic renovation projects. The Air Conditioning Systems and Home Products segment, sales in North America fell as a rebound from last year's rush demand ahead of the refrigerant transition. However, overall sales rose due to demand growth in Japan and Europe and weaker yen. Operating profit was impacted by rising material costs and stronger yen and declined on a year-on-year basis. Page 18, please. This is Digital Innovation segment. Demand remained solid with orders, revenue, and profit all exceeding the previous year. The Semiconductor & Device segment, orders rose due to the growth in power semiconductors for railways and power transmission and optical devices for the data centers. Revenue was flat year-on-year, but operating profit increased due to an improved sales mix driven by optical devices. Page 19, please. The revenue by location of customers for the third quarter. While overseas sales were boosted by the weak yen and demand for air conditioning systems and home products in Europe and domestic revenue also grew led by infrastructure. And consequently, the overseas sales ratio over consolidated revenue remained at 51%. Page 21, please. This is full-year forecast for FY 2026, fiscal 2026. We have revised our revenue forecast upward by JPY 90 billion to JPY 5.76 trillion. Core operating profit is expected to increase by JPY 30 billion to JPY 500 billion, excluding Next-Stage impact. this segment, we revised the higher revenue and profit for Infrastructure Business Area expected to expand. Factory Automation Systems was also revised upward, reflecting the strong and continued demand growth. However, for Air Conditioning Systems and Home Products segment, we lowered the volume outlook for North America. While revenue will rise now, we expect a profit decline. We will also raise the forecast for Automotive Equipment and Building Systems for higher profit and revenue, and for a profit forecast for Semiconductor & Device segment as well. So this concludes my presentation.