Thank you very much for watching the financial results presentation for the fiscal year ended March 2024 of Isuzu Motors Limited today. Allow me to introduce the Isuzu members. This is Naohiro Yamaguchi, Director of the Board and Managing Executive Officer, Group CFO, and Executive Vice President of the Corporate Strategy Division and Corporate Planning and Finance Division. I'm Yamaguchi. My name is Fumiya Yamakita, Vice President of the Corporate Planning and Finance Division. First, Mr. Yamaguchi will discuss the general overview of the business and quantitative targets for March 2027, while I, Yamakita, will present the financial results for the fiscal year ended March 31st, 2024, and financial outlook for fiscal year ending March 31st, 2025. I'm Yamaguchi. I'll briefly explain the overview of our business. First are the results for the fiscal year ended March 31st, 2024. Profits increased from the previous year due to price realization, positive impacts of foreign exchange rates, cost reduction activities, and growth in revenue from after-sales business despite negative factors such as deteriorating market conditions in emerging countries and fluctuations in material costs. As a result, the full-year net sales and all-profit levels marked an all-time high. CV sales units increased in advanced countries due to improvements in parts shortages but decreased in emerging countries due to deteriorating market conditions. In the meantime, LCV sales units for Thailand decreased significantly due to severe market conditions, while export markets increased due to fulfillment of back orders. Next is the outlook for the fiscal year ending March 31st, 2025. CV unit sales are expected to increase domestically due to expanding sales of new models with full lineups and operational normalization, while overseas sales are expected to secure volumes at the levels seen in the previous fiscal year amid challenging market conditions in emerging countries. LCV unit sales for Thailand are expected to decrease significantly due to tough market conditions, while export markets are also anticipated to decrease in regions such as Oceania due to the normalization of backlogs. Profits are expected to reach the level of JPY 260 billion through an increase in domestic CV units, positive impacts from pricing realization and cost reduction activities aiming to offset the decline resulting from decreased LCV units and worsening material costs. The exchange rates are shown in the upper right table. Now I'll turn to shareholder returns. Dividends full year for the fiscal year ended March 2024 will be JPY 92 per share, an increase of JPY 6 from the previous forecast released in February 2024 in line with the policy of an average dividend payout ratio of 40% prescribed in the previous medium-term business plan. Further, the share repurchase of JPY 50 billion announced last November was completed by February this year, and the cancellation was completed by April 2024. As a result, the total shareholder return ratio for the previous medium-term business plan period reached 51.3% over the three years. ROE for the fiscal year ended March 2024 was 12.7%, exceeding the target of 12.5%. We anticipate a decrease in profits for the fiscal year ending March 2025, primarily due to the current temporary downturn in demand. However, as outlined in our medium-term business plan, we remain steadfast in our growth scenario for 2030. We forecast that the full-year dividend for the fiscal year ending March 2025 will be JPY 92, the same as the fiscal year ended March 2024. In addition, we'll continue to conduct share repurchases proactively while maintaining an appropriate level of shareholders' equity. That's all for the overview. Next, I, Yamakita, will explain the results for the fiscal year ended March 31st, 2024, and the full-year outlook for the fiscal year ending March 31st, 2025. Now I'll talk about the global CV unit sales. The CV unit sales in Japan and North America increased due to improvements in parts shortages, but the total global CV unit sales decreased due to the rising interest rates and inflation in regions such as Asia. Additionally, for the Japanese market, the volume decreased from the previous forecast released in February 2024 because it took longer than expected to refine the quality of the new vehicle models. Next, I'll explain the results of industry sales and our market share in Japan for the fiscal year ended March 31st, 2024. Sales volume of both heavy and medium-duty and light-duty trucks segments recovered, with Isuzu and other competitors making progress in resolving parts shortages. Isuzu's market share in both truck segments also increased thanks to the easing of parts shortages. Next, let's look at global LCV unit sales. The unit sales for the Thai domestic market were significantly lower than the previous fiscal year due to severe market conditions, while unit sales for export markets increased driven by fulfillment of back orders that had accumulated due to parts shortages in the previous fiscal year. Additionally, for Oceania, the volume decreased from the previous forecast released in February 2024 as shipments were delayed in March. Now I'll explain LCV industry sales, our market share, and production units in Thailand for the fiscal year ended March 31st, 2024. Sales volume dropped significantly from the previous fiscal year due to deteriorating market conditions. However, we maintained a high market share. Although production volume increased for export markets due to the high level of backlogs, production for the Thai market saw a significant drop, resulting in an overall decrease from the previous fiscal year. Now I'll touch on industrial engines and after-sales business. Actual global shipments of industrial engines fell from the previous fiscal year due to a market slowdown in China. On the other hand, revenue from after-sales business increased, capturing demand mainly in Japan. Next, I'll discuss the operating income fluctuation analysis. Despite a decrease in unit sales and the impact of soaring material costs, profits increased by JPY 39.6 billion from the previous fiscal year driven by price realization, cost reduction activities, and positive effects of foreign exchange rates. The exchange rates are shown in the upper right table. I'll now touch on the financial results of operating income and beyond. Ordinary income was JPY 313.0 billion after adding and subtracting the share of profit of entities accounted for using the equity method, foreign exchange gains, and others to the operating income of JPY 293.1 billion. Net income was JPY 176.4 billion after adding and subtracting items such as income taxes and profit attributed to non-controlling interests from the ordinary income of JPY 313.0 billion. Additionally, in the fourth quarter of fiscal year 2024, we recorded an impairment loss of JPY 4.7 billion on production facilities of a subsidiary in China that had been factored into the previous forecast in February 2024. On the other hand, a loss of JPY 6.0 billion on the business restructuring of subsidiary IJTT, which had been included in the previous forecast in February 2024, has been postponed to the fiscal year ending March 2025 because of a delay in stock trading transactions to April 2024. Next, I'll explain the full-year outlook for the fiscal year ending March 2025. First, the full-year outlook for the total global CV unit sales. We aim to increase the unit sales for the Japanese market by expanding sales of new models with full lineups and operation normalization. This unit sales outlook includes 5,000 units of ELF mio, a 1.5-ton diesel truck scheduled to be launched this summer. For overseas sales, although severe market conditions are expected for overseas sales, we plan to secure unit sales at the last fiscal year level. Additionally, in Asia, while the total volume is expected to increase, the destination and model mix is anticipated to deteriorate due to the decrease in Thailand's volume because of a change in exhaust emission regulations. Now I'll turn to the full-year outlook for global LCV unit sales. Unit sales for the Thai domestic market are expected to decrease significantly for the full fiscal year, anticipating a severe market environment in the first half with a gradual recovery starting from the latter half. Furthermore, due to a sharp deterioration in market conditions, we have to start the fiscal year 2025 with an inventory buildup at the dealers of approximately 25,000 units above normal levels. We anticipate a greater decrease in unit sales than a fall in market demand. Unit sales for export markets are also anticipated to decrease in regions such as Oceania and Europe due to the normalization of backlogs. Next is the outlook for LCV industry sales, our market share, and production units in Thailand. The industry unit sales indicated here are for the calendar year. We project that the challenging market conditions will continue in the first half, and demand will start picking up gradually in the second half. Production units are expected to decrease significantly for both the Thai domestic and export markets with tough market conditions in Thailand and the normalization of backlogs for export markets. I'll now turn to the outlook for industrial engines and after-sales business. For global shipments of industrial engines, recovery in demand is not anticipated, and the shipments level is expected to remain similar to the previous fiscal year. On the other hand, revenue from after-sales business aims for an increase from the previous fiscal year by capturing demand both in Japan and overseas. Next, I'll discuss operating income fluctuation analysis of outlook for the fiscal year ending March 31st, 2025. Despite the decline in LCV units and worsening material costs, this reduction is expected to be significantly mitigated by the increase in domestic CV units, price realization, and cost reduction activities. Operating income is expected to reach JPY 260.0 billion, decreasing by JPY 33.1 billion from the previous fiscal year. I'll now explain the financial results of operating income and beyond. We anticipate a loss of JPY 6.0 billion on the business restructuring of subsidiary IJTT, and share transfer has been completed as of April 26th, 2024. This is the end of my explanation regarding the outlook for the fiscal year ending March 2025. Next, there will be an explanation of the quantitative targets for the fiscal year ending March 2027, three years ahead, towards achieving the midterm management plan Isuzu Transformation announced in April of this year. First, I'll explain the quantitative targets. For the fiscal year ending March 2027, Isuzu aims to strengthen and expand current businesses, targeting sales revenue of JPY 4 trillion, operating income of JPY 360 billion, operating income ratio of 9%, and ROE of 15%. As for shareholder returns, Isuzu will continue the policy from the previous medium-term business plan, maintaining a dividend payout ratio of 40% and also conducting share repurchases proactively. Isuzu will further enhance capital efficiency through profit growth and strengthening of shareholder returns. Next, I'll talk about the targets for unit sales. For unit sales of CV for the Japanese market, Isuzu aims for 100,000 units through product collaboration and dual sales channels between Isuzu and UD brands. As for CVs for overseas markets, Isuzu will advance the business model focused on after-sales service to become a company chosen by customers and expand sales volume. As for LCVs, for the Thai domestic market, Isuzu anticipates a gradual recovery from the latter half of this fiscal year. Demand is expected to reach the levels of the fiscal year ended March 2024 by March 2027 while current market conditions remain challenging. For the export market, Isuzu will continue to expand sales, focusing on emerging markets. In addition to the effect of expanding sales of new vehicles, after-sales services will be gradually expanded to meet regional needs overseas, supporting units operation for customers. Finally, let me discuss our investment plan. Until the fiscal year ending March 2027, Isuzu will actively pursue innovation investments such as in autonomous driving to advance our solutions business while also proactively executing investments to strengthen our current businesses. Isuzu anticipates total capital expenditure and R&D of JPY 320 billion for the fiscal year ending March 2027, up by JPY 45 billion from the fiscal year ending March 2025. Towards the fiscal year ending March 2031, Isuzu will further accelerate innovation investments while streamlining investments in current businesses to ensure that the total amount of capital expenditure and R&D does not increase. This concludes the explanation regarding the quantitative targets for the fiscal year ending March 2027. This is the end of Isuzu Motors' financial results briefing of the fiscal year ended March 2024. Thank you for your attention.