I am Miyoshi of Corporate Management Planning Headquarters. I understand that today several companies in the electric sector are holding earnings briefings at the same time, so we appreciate deeply your participation in your company's briefing. Unfortunately, there are some who are unable to join us, so we will do our best to provide a detailed explanation of the financial results as much as possible so that even those who cannot participate in the Q&A session will be able to have a good understanding of the results today. The heads of each business segment are also in attendance. We would appreciate any questions or comments you may have in the limited time we have with you today. Overall, the first quarter financial results were driven by both the energy and industry segments, with net sales and operating profit exceeding the previous year's figures, setting new record highs. We have been consistently explaining to investors that we are a power electronics company. The first quarter results demonstrate that we are close to achieving this vision. Now allow me to provide an overview of the results. This is a summary of the consolidated financial results for the first quarter of fiscal year 2025. Net sales and operating profit reached new record highs despite the appreciation of the yen from the previous year. Net sales increased by JPY 11.5 billion- JPY 247.9 billion year-on-year, which includes a negative foreign exchange translation difference of JPY 4.5 billion from earnings of overseas subsidiaries. In real demand basis, it was up JPY 16.1 billion. Operating profit increased by JPY 0.8 billion- JPY 18.1 billion year-on-year with an operating profit ratio of 7.3%, unchanged from the previous year. An analysis of operating profit will be discussed on the next page. Changes in non-operating profit loss were primarily influenced by foreign exchange gains and losses. Ordinary profit decreased by JPY 0.9 billion year-on-year to JPY 17.3 billion, while extraordinary profit was almost flat at a loss of JPY 0.2 billion, despite recording losses from the disposal of fixed assets. Profit attributable to owners of parent decreased by JPY 0.6 billion year-on-year to JPY 10.9 billion. Next is an analysis of operating profit. Despite negative factors such as rising fixed costs and raw material prices, higher sales and production volumes resulted in operating profit to be up JPY 0.8 billion year-on-year to JPY 18.1 billion. The primary drivers of this increase were power supply and facility systems and energy management businesses of the energy segment, industrial business of the semiconductors segment, and IT solutions business of the industry segment. On the other hand, vending machines and store distribution businesses in the food and beverage distribution segment and automotive business in the semiconductors segment were negative. Fixed cost increased, labor costs by JPY 2.7 billion and capital costs increased by JPY 1 billion, primarily related to the semiconductor factories in Malaysia and domestic factories. As for added value and others, saw an impact of rising raw material prices amounting to JPY 1.5 billion. Negative impacts of approximately JPY 500 million- JPY 900 million were seen in both the semiconductors segment and ED&C components business in the industry segment. Next is the net sales and operating profit by segment. Net sales growth was driven by the energy and industry segments. In operating profit, declines in the semiconductors and food and beverage distribution segments were offset with gains in the energy and industry segments. In particular, the energy segment saw significant year-on-year increases in both net sales and operating profit, with an operating profit ratio rising to 11.5%. Next, I will explain the key points of business results by segment, starting with the energy segment. Net sales increased by JPY 8.4 billion- JPY 73.8 billion and operating profit increased by JPY 5.1 billion- JPY 8.5 billion. The operating profit ratio reached 11.5%. The three businesses, namely energy management, power supply and facility systems, and equipment construction, all saw increases in both net sales and operating profit, driving the performance. Power generation business saw net sales decrease by 1%. Energy management and power supply and facility systems businesses, which are of high interest to investors and which we also hold high expectations for, saw particularly strong growth. Energy management business contributed to the significant year-on-year increase in net sales and operating profit through an increase in projects related to storage, battery systems, and grid stabilization projects, as well as an increase in substation equipment. In addition, power supply and facility systems business also saw an increase in both net sales and operating profit year-on-year due to increased demand from data centers. Next, the industry segment net sales increased by JPY 7.3 billion- JPY 87.8 billion and operating profit increased by JPY 1 billion - JPY 2.9 billion. year-on-year, the operating profit ratio was 3.3%, which tends to be heavily weighted towards the fourth quarter business characteristic wise, but it improved by 1% compared to the previous year. In terms of subsegments, all four subsegments except SA components saw an increase in net sales. Automation systems saw an increase in net sales due to increased demand, but unfortunately operating profit decreased due to the rising expenses associated with large scale projects. IT solutions saw an increase in both net sales and operating profit. Net sales increased significantly by 30% due to growth in large scale projects from the academic sector, with operating profit also increasing accordingly. Next is the semiconductor segment. Net sales increased by JPY 1 billion- JPY 54.8 billion year-on-year, with operating profit down JPY 2.8 billion- JPY 4.9 billion. With an operating profit ratio of 8.9%, the semiconductors segment is relatively more susceptible to exchange rate fluctuations than other segments. The exchange rate impact is shown on page seven of the presentation material. The exchange rate impact included in net sales was JPY 2.2 billion and in operating profit it was JPY 600 million. Net sales of the industrial business were up year-on-year, mainly due to increased demand for semiconductors for renewable energy and other applications overseas, particularly China. In the automotive business, domestic demand increased, but overseas demand decreased and combined with the impact of exchange rates, net sales decreased year-on-year. Operating profit decreased compared to the same period of the previous year due to increased costs related to production capacity expansion, rising raw material prices, and exchange rate impacts, despite increased sales in the industrial business. Next, food and beverage distribution segment net sales decreased by JPY 4.4 billion- JPY 26.3 billion year-on-year and operating profit decreased by JPY 2 billion- JPY 3.1 billion, resulting in an operating profit ratio of 11.9%. Vending machines business saw a decrease in both net sales and operating profit due to a decline in domestic demand for vending machines, with net sales decreasing by 14%. Store distribution business saw a 15% decrease in net sales. While renovation demand for convenience stores remained steady, both sales and profit increased significantly due to special demand related to automatic change dispensers in the same period of the previous year, and the absence of this special demand resulted in this decline. If the impact of the previous year's special demand for automatic change dispensers was to be excluded, store distribution business achieved an increase in both sales and profit, and we recognize that the food and beverage distribution business is steadily gaining strength. Next, I will discuss net sales by Japan and overseas area with a focus on overseas. Overseas sales decreased by JPY 1.9 billion -JPY 17.8 billion year-on-year, accounting for 29% of total sales. This includes a foreign exchange impact of JPY 4.5 billion, resulting in an actual increase of JPY 2.6 billion. Looking at the situation by region, the largest sales region is Asia and China. In Asia, sales decreased year-on-year due to the impact of projects related to power generation and power supply equipment and facility systems businesses. On the other hand, in China, sales increased due to steady demand in the semiconductors industry for renewable energy applications. Next is orders. First quarter orders totaled JPY 336.2 billion, an increase of JPY 40.2 billion year-on-year. Higher plant and system orders in the energy and industry segments led to an increase of JPY 36.7 billion. year-on-year, orders of the energy segment increased by JPY 8.1 billion year-on-year, driven by energy management systems and power supply equipment and facility systems businesses within energy, power generation orders decreased by approximately JPY 5 billion, but this was offset by an increase of approximately JPY 13 billion in other businesses such as energy management systems and power supply equipment and facility systems. In the industry segment, large scale projects from the academic sector in the IT solutions business had a significant impact, and in addition, orders for transportation systems in the social solutions business increased for the Americas, resulting in an increase of JPY 28.5 billion. Next is orders for major components. In the same period last year, orders were JPY 99.9 billion, and for the current fiscal year they came to JPY 102.7 billion. Despite FX effect of JPY 2.9 billion, we expect the market to show a gradual recovery trend. Semiconductors automotive was affected by decline in overseas demand resulting in decreases both quarter-on-quarter and year-on-year. The semiconductor industrial saw positive growth with contribution from China's renewable energy application demand. FA and ED&C components markets are showing signs of recovery, but as mentioned earlier, we have not yet seen a strong recovery trend in the first quarter. FA saw increased demand for plant equipment in Europe. Regarding ED&C components business, we are seeing signs of recovery in some areas of domestic finished machinery manufacturers, but we believe that further monitoring is necessary. Next, consolidated balance sheet and cash flow situation. Total assets decreased by JPY 40.2 billion- JPY 1,272.0 billion year-on-year, primarily due to a decrease in notes receivable under assets. Inventories increased by JPY 13.7 billion mainly due to an increase in plant equipment. Other liabilities were down JPY 31.3 billion, primarily due to corporate taxes or bonus payments, and we have raised JPY 27.0 billion in commercial paper as interest-bearing debt. Net interest-bearing debt increased by JPY 25.7 billion- JPY 67.9 billion, and the net debt ratio is 0.1 times, progressing almost according to plan. This is a cash flow statement. Cash flows from operating activities deteriorated year-on-year mainly due to a decrease in advance payments collected and an increase in payments for accounts payable. Cash flows from investing activities improved as capital investments, mainly in semiconductors, continued but were timed appropriately. Cash flows from financing activities improved due to commercial paper financing. Based on the results of the first quarter, we have revised upward the consolidated earnings forecast for the six-month period ending September 30th, 2025. Net sales are increased by JPY 15.0 billion- JPY 534.0 billion, operating profit is increased by JPY 6.5 billion- JPY 40.5 billion, and profit attributable to owners of parent is increased by JPY 4.5 billion- JPY 23.5 billion. The breakdown by segment is as shown in the table below. This is a full year forecast. The full year forecast reflects the upward revision of the six-month period ending September 30th, 2025, but we have left the second half forecast unchanged, as further analysis is required. Reciprocal tariff rate of 15% is set with the United States, finally giving us direction going forward. We will closely monitor market conditions, customer investment timings, and other factors and revise our full year forecast as necessary. Please find a table comparing the consolidated forecast with the previously announced outlook and against the year-on-year results for your reference. That concludes my presentation. Thank you very much for your attention.