Thank you very much for joining Advantest Corporation's financial briefing despite your busy schedule. [Non-English content] I would like to introduce today's speakers. [Non-English content] From the left side of the slide on the screen, Mr. Douglas Lefever, Representative Director, Senior Executive Officer and Group CEO. Mr. Koichi Tsukui, Representative Director, Senior Executive Officer and President, Group COO. Mr. Sanjeev Mohan, Senior Executive Officer and CCRO, and Ms. Hisako Takada, Senior Executive Officer and CFO. [Non-English content] I'm Senba from the IR department, serving as the moderator of today's session. [Non-English content] In today's financial briefing, Douglas will first provide a summary. After that, we will entertain questions from the audience. We plan to close this session at 6:00 P.M. Japan time. [Non-English content] Today's session will be delivered with Japanese-English consecutive interpretation. [Non-English content] The briefing slides for today, along with the Japanese and English scripts providing detailed explanations, are available on TDnet and our corporate website. [Non-English content]FSO Before we begin, we would like to remind you that today's briefing contains forward-looking statements, all of which are subject to risks and uncertainties that may cause actual results to differ from those forward-looking statements. [Non-English content] Please note that today's financial briefing is being recorded for the purpose of accurate record keeping and distribution on our corporate website. [Non-English content] Let me give you some instructions on the Q&A session. [Non-English content] If you would like to ask a question, you are kindly requested to click the participant icon and then click the raise hand button. When our moderator calls your name, a mute button will pop up on the screen. Please unmute and state your affiliation and name before asking your question. Once your question has been answered, please mute your microphone to undo the raise hand button. [Non-English content] To ensure we can take questions from as many participants as possible, we kindly ask that each person limit themselves to one question. If time permits, we will accept questions until the scheduled closing time, and we kindly ask you to refrain from asking questions regarding specific companies. [Non-English content] Now Douglas will present the summary. Doug, please go ahead. Okay. Thank you. Hello, everyone. This is Doug. Thank you for joining our financial briefing. [Non-English content] Today I will focus on key highlights and updates on our business performance and strategy. For details, please refer to the presentation materials and script which are disclosed on our website today. [Non-English content] Let me begin with a summary of our financial results. [Non-English content] We are pleased to report that our consolidated fiscal 2025 results delivered new records in sales, operating profit and net income. [Non-English content] The growing demand for AI related semiconductors continues to drive expansion in the semiconductor tester market, with the tester market expanding for the second consecutive year in 2025. We are able to achieve market share gains. [Non-English content] We attribute this performance to our ability to meet growing demand from key customers, successfully capturing new customer demand and utilizing strategic production capacity expansion implemented in anticipation of sustained high demand. [Non-English content] In fiscal 2026, supported by AI-related investment, we expect our results to post further record highs. [Non-English content] There are three key highlights defining our business today. First, sustained leadership in the SoC tester market. Second, technological leadership in next generation semiconductor testing. Third, robust progress in capacity expansion. [Non-English content] First, let us address our leading position in the SoC tester market. [Non-English content] The total semiconductor tester market size in 2025 was approximately $9 billion. This exceeds the previous market size peak recorded in 2024. [Non-English content] We estimate that the global SoC tester market expanded to approximately $6.9 billion in 2025, marking about 68% year-on-year growth. [Non-English content] With increasing test demand driven by AI-related high performance semiconductors, the market expanded significantly, and our market share is estimated to have risen to 66%, an increase of around 10 percentage points from the prior year. [Non-English content] In the AI accelerator market, we have expanded our customer base and captured a majority share of the market globally. [Non-English content] Meanwhile, in the memory tester market, although our market share declined by approximately 2 percentage points, it remained at around 60%. We will continue to enhance and advance our product development by proactively addressing evolving customer needs. [Non-English content] Next, let me move on to the tester market trend for 2026. [Non-English content] First, I'd like to talk about our view of the business environment. [Non-English content] Alongside uncertainties in the macroeconomic environment, including growing geopolitical risks, the semiconductor industry faces industry-specific risk factors such as supply constraints. [Non-English content] Driven by the rapidly and dynamically evolving AI market, AI-related applications continue to be a key growth driver for the semiconductor market, and robust growth is expected to persist. [Non-English content] Based on these factors and reflecting stronger than expected demand at the beginning of the year, as well as a favorable full year outlook, we revised the SoC market size forecast to $8.7 billion-$9.5 billion. We raised the lower end by $200 million from the January forecast. [Non-English content] We are keeping our memory tester market size forecast unchanged at $2.2 billon- $2.7 billion as projected in January. [Non-English content] Now let's look at our fiscal 2026 forecast. [Non-English content] Based on the business environment surrounding Advantest and demand trends, we expect both sales and profits to reach record highs in fiscal 2026, as shown on this slide. [Non-English content] In terms of profits, the consolidated gross profit margin is expected to be around 63% for the full year. [Non-English content] The operating profit margin is expected to remain at a comparable level year-over-year, reflecting continued proactive investments in R&D and other mid to long term growth initiatives. [Non-English content] Now let me return to the highlights. [Non-English content] The second highlight is that on the technology front, we also see ourselves as holding a superior position. [Non-English content] Supported by our global customer base, measurement technologies developed and enhanced in close collaboration with customers, and partnerships with a broad range of industry partners, we have the capability to introduce high value test solutions for next generation semiconductors in a timely manner. [Non-English content] And this is not limited to SoC testers. Development of solutions for next generation DRAM is also progressing according to plan. [Non-English content] Furthermore, in silicon photonics, we are strengthening engagement with key customers and receive the industry's first large ATE order for high volume production. [Non-English content] Moreover, through initiatives such as the opening of the Advantest Innovation Center in Silicon Valley announced earlier this month, and our participation in Applied Materials EPIC Platform, the company will strengthen collaboration between front end and back end testing through cross-industry partnerships, thereby accelerating the creation of advanced test solutions for next generation semiconductors. [Non-English content] Finally, I'd like to discuss the third highlight, our steady progress in expanding production capacity. [Non-English content] Our production capacity expansion efforts have been progressing ahead of our original plan. [Non-English content] As we expand our engagement with a growing number of customers, whilst complexity in rising across the semiconductor value chain, our ability to reliably supply and deliver at scale is ever more critical. [Non-English content] Increasing semiconductor complexity requires us to offer an expanded lineup of tester modules and richer system configurations. This allows us to better support upgrades across customers' install base. In addition, we are also expanding our production capacity for new systems with built-in buffers to meet customer demand. [Non-English content] By accelerating our capacity expansion plan of SoC test systems to around ten thousand systems per year ahead of our original projection, we are positioning ourselves to support future growth in close coordination with customers and supply chain. [Non-English content] In a fluid business environment, demand can fluctuate. We will be diligent in assessing near term customer demand as well as supply chain availability, and endeavor to exercise acceleration or restraint as appropriate. [Non-English content] Just as a note, our annual production capacity targets, of course, do not directly equate to our sales. [Non-English content] We will continue to drive strat-strategic supply chain transformation for potential future growth. We believe our scale is a competitive advantage for Advantest. [Non-English content] This concludes my prepared remarks. Thank you.