This is Hidaka. Thank you very much for viewing the online business results briefing of Yamaha Motor Co., Ltd. First, I'd like to express my deep apologies for having kept many dealers and customers waiting due to part shortages and lockdown in Shanghai. All the employees around the world are making utmost effort to deliver products on the earliest possible date. I would like to ask for your understanding. Now I will start the presentation. Please turn to page four. Let me explain the key points in the first half. In the first half, sales grew but profit fell, and they were in line with forecast. By business segment, in Motorcycle business, sales increased due to continued recovery, but due to cost increase, operating income was almost flat year-on-year. In Marine Products business, demand remained robust and logistics issues improved. As a result, unit sales of Outboard Motors increased and both sales and profit increased. In Robotics business, due to Shanghai lockdown and a semiconductor supply shortage, production unit decreased and that led to lower sales and profit. In the three months of the second quarter, despite the headwind of Shanghai lockdown impact, we were benefited by tailwind of depreciation of yen, and profit increased slightly year-on-year, but it was not able to offset the decrease in the first quarter. As for the FY2022 forecast, we revised up the forecast of sales to JPY 2.2 trillion, and operating income to JPY 200 billion. In the second half, we project that the cost for raw materials, parts, and ocean freight fees will remain high, though cost increase is calming down. Semiconductor supply is on the improvement trend, but it will be difficult to return to normalcy by the end of the year, and we'll be able to secure the necessary volume in the next year and onward. Supply chain disruption in the U.S. still continues, and it also will take some time to return to normalcy. Weak yen works in our favor and it will continue to serve as a tailwind in the second half. As for the market, the condition varies by country and region, but overall demand across businesses and regions will remain strong. We closely monitor the economic slowdown and inflation in respective country as risks, but we have not observed impact as of today. Finally, as for enhancement of profitability, we will maintain our break-even point management by controlling expenses and strive to mitigate cost increase through cost reduction measures and passing cost onto prices. Please turn to page 5. This slide shows unit sales by product in comparison with 2021 and 2019 in percentage. Inventories as of the end of June are compared with those as of the end of March. Regarding motorcycles, shipment was affected by the production constraint, but by focusing on the allocations and the sales of producible models, we maximize the sales. Inventories of motorcycles decreased further from the end of March. We are struggling in the premium segment model production, which were heavily affected by semiconductor shortage, and the inventories in premium segment model are short. Regarding the Outboard Motors, production volume increased, and with the progress in shipping the inventory, which were piled up in the export ports in Japan, unit sales increased. PAS and Surface mounters unit sales decreased due to Shanghai lockdown and production volume decreased due to part shortage, including semiconductors. Please turn to page six. I'll explain the business results figures. The table shows from left benchmark year of 2019, 2021, and 2022, the first half. On the right, comparison versus 2019 and 2021 are shown. As for 2022, net sales were JPY 1,608.9 billion, 116% of the previous year. Operating income was JPY 102.4 billion, 94% of the previous year, and operating income ratio was 9.6%, down 2.3 points year-on-year. Order income was JPY 115.4 billion, 100% of the previous year, and net income attributable to owners of the parent was JPY 83 billion, and EPS was JPY 241.58. Sales increased due to the strong demand in all businesses and the depreciation of yen, and the record high first half sales were posted, and they exceeded JPY 1 trillion for the first time. Operating income slightly decreased, but 9% of the operating income ratio, which was committed in the midterm business plan, was secured. Actual foreign exchange rates are listed at the bottom of the table. Please turn to page 7. This slide shows the first half operating income comparison of 2021 and 2022. Variance in each business, growth strategy expenses, and exchange effects are shown. In addition to the cost increase and the parts shortage, which have been continuing since the second half of the previous year, due to the external impact, including Shanghai lockdown, which happened in the second quarter, except exchange effect, profit declined in all businesses. In Marine Products business, due to the increased inventories caused by the longer logistic lead time for the US, unrealized profit increased. Let me elaborate more in detail by factor on the next page. Please turn to page 8. Sales increase was +JPY 9.3 billion, and its breakdown is scale increase JPY 11.9 billion, price raises and others +JPY 13.7 billion. Unrealized profit due to increased inventory was -JPY 11.4 billion, and increase in logistic cost was -JPY 4.9 billion. Cost reduction was +JPY 10.3 billion. While cost increase, including that of raw materials and procured parts, was -JPY 32.4 billion, growth strategy expense increase is -JPY 2.3 billion. Increase in SG&A expenses, including variable costs, in line with volume growth, was -JPY 18.8 billion, and including exchange effects of +JPY 27.1 billion. Operating income was JPY 102.4 billion. Against the cost increase and ocean freight fees increase, we worked on to reduce cost and pass on to the price to absorb negative impacts. Furthermore, for labor cost surge and increase in SG&A expenses, including logistic costs, along with the sales recovery, depreciation of the yen worked, but profit decreased slightly year-on-year. Please turn to page 9. This slide shows our FY2022 forecast of unit sales by major product, and the left part is versus 2021, and the right part is versus 2019. We expect the continued steady demand in each business and region, and improvement in semiconductor procurement year-on-year. By securing production volume, sales are expected to increase. PAS and the Surface mounters, which were affected by Shanghai lockdown in the first half, will increase sales in the second half. Please turn to page 10. Based on the unit sales assumption shown on the previous slide, we revised up the forecast. Net sales are JPY 2.2 trillion, 121% of the previous year. Operating income is JPY 200 billion, 110% of the previous year. Operating income ratio is 9.1%, down 1.0 points year-on-year. Ordinary income is JPY 210 billion, 111% of the previous year. Net income attributable to owners of parent is JPY 145 billion, 93% of the previous year. We will aim to achieve the record high sales and operating income. Annual foreign exchange rates are revised as shown here. We expect the high cost in raw material parts and ocean freight fees and issues in parts procurement, including semiconductors, will not be solved in the second half. Through measures of cost reduction passed on to price and switch over to the alternative products in semiconductor, we will ensure thorough implementation of break-even point management style. Please turn to page 11. This slide shows the operating income variance analysis by segment of the revised forecast 2022 compared to 2021 results. Prolonged parts shortage, including semiconductors, and further cost increase and a sustained high cost are expected. Therefore, excluding exchange effects, except robotics business, in all businesses, profit will decrease year-on-year. In particular, Land Mobility business will be heavily affected by those factors also in the second half. Let me explain the specific factor on the next slide. This slide shows the operating income variance by factor. Sales increase is +JPY 61.7 billion, and its breakdown is scale increase +JPY 35.6 billion, price raises and others +JPY 55.1 billion, unrealized profit -JPY 14.6 billion, and increase in logistics cost -JPY 14.3 billion. Cost reduction is +JPY 15.6 billion, and cost increases is -JPY 71.7 billion. Growth strategy expense increases are -JPY 8.9 billion. Increase in SG&A expenses is -JPY 38.9 billion. Including the exchange effects, +JPY 59.9 billion, we plan the operating income of JPY 200 billion. As for the cost increase of JPY 71.7 billion, it will be absorbed by cost reductions and price hikes. SG&A expenses are up, but sales activity expenses, including sales promotion cost and advertisement and promotion cost, will be properly controlled. Please turn to page 13. I'll explain the progress in medium to long-term measures. As for the measure for carbon neutrality, we expedite the carbon neutrality goals for the company factories to 2035. We reduce 92% of CO2 emission compared to 2010 from production operations, and the remaining emissions will be offset by internationally recognized method. To achieve the goals in Environmental Plan 2050, we set up Yamaha Motor Sustainability Fund. We take social request to solve environmental resource issues as a new market opportunity, and we will explore the domain where we can build competitive advantage through investment. Thus, we aim to build a new business which will lead to carbon negative. In new business domain, we made the third investment in TIER IV, the company to develop autonomous driving technology following 2017 and 2019. Through this, we'll promote the business of automated material handling solution and aim to increase production of small EVs dedicated to logistics and facilities, and to deploy full-fledged commercial service in Japan and abroad. We concluded collaborative agreement with Japan Automobile Federation, JAF, on low-speed mobility. This aims to provide sustainable mobility services by enabling the introduction of low-speed mobility vehicles and after-sales services in areas with insufficient access or lacking the public transportation. This is Shitara. Next, I'll present the details by business segment. Please turn to page 15. This slide shows the net sales and operating income by business. The chart shows those of 2019, 2021, and 2022. As for the result in 2022, net sales in Land Mobility business were JPY 688.7 billion. Operating income was JPY 36.7 billion, marking sales increase and profit decrease. Net sales in Marine Products business were JPY 255.9 billion, and operating income was JPY 49.6 billion, marking increase both in sales and profit. Net sales in robotics business were JPY 57.8 billion, and operating income was JPY 8.1 billion, marking decrease in sales and profit. Net sales in Financial Services business were JPY 28 billion. Operating income was JPY 9.3 billion, marking sales increase and profit decrease. Net sales in Other Product business were JPY 38.5 billion, operating income was -JPY 1.4 billion, marking sales increase and profit decrease. Let me elaborate the details by business according to the business portfolio classification in the Medium-Term Management Plan. Please turn to page 16. First, this shows Core business, Motorcycle business and Land M obility business. The chart on the left shows breakdown by region. In 2022, we were affected by parts shortage, including semiconductors and supply chain disruption caused by Shanghai lockdown. In developed markets, unit sales decreased except North America. Due to foreign exchange impact and a mixed improvement in Europe, sales increased. In emerging markets, unit sales increased in Indonesia, India, China, and Brazil, among others. Despite the production constraint in premium models due to foreign exchange tailwind, sales increased. As for the operating income of the entire Motorcycle business, besides the sales increase impact, despite the worsening model mix and cost increase, they were absorbed by cost reduction and pass-throughs, and profit was almost flat year-on-year. Please turn to page 17. Marine Products business. Staycation demand continued after COVID, and the robust demand is expected to remain. As for Outboard Motors, due to the improvement in delay in shipping caused by container shortage and shipping space, unit sales increased and sales grew. As for Water Vehicles and Boats, supply chain disruption affected the production in the U.S. factories, but water vehicles suffered production delay last year as well due to the raw material procurement issues caused by cold wave. Unit sales were slightly down year-on-year. On the other hand, as unit sales of high-end sport boats increased, sales increased year-on-year. As for operating income of the entire Marine Products business, unrealized profit increased due to the inventory increase caused by the stagnated logistics and profitability worsened. Due to the depreciation of the yen, profit increased. Please turn to page 18. ROV business. Amid the robust demand, due to supply chain disruption in the U.S., market supply has not been able to catch up with demand. Yamaha Motor increased the sales by focusing resources on ROVs and the sales increased. We gained shares in ATV and ROV as well. On the other hand, operating income decreased due to fixed cost increase in the US production base, along with the lower utilization and raw materials cost and labor cost surge. As for the supply front, we have identified bottlenecks and started to take specific countermeasures, and we continue to carry out improvements to normalize production operations. Please turn to page 19. Financial Services business to support Core business. Receivables increased in the US and Brazil, and net sales increased. Even excluding foreign exchange impact, both receivables balance and the sales went up. As for the operating income, in the previous year, allowance for doubtful accounts decreased, which served as one-off benefit on profit. Because of this, profit decreased year-on-year this year. High operating income ratio is still sustained. Please turn to page 20. Growth business, SPV business. Due to Shanghai lockdown, in addition to the tight supply of bicycle parts and electronic parts shortages, production delays occurred. Unit sales of electrically power-assisted bicycle and e-Kit decreased, and sales decreased. As for the operating income, due to decreased sales and one-off quality related expenses that was recorded in the first quarter, operating income ratio fell to 4.5%. In the second quarter alone, it recovered to 10.3%. We expect that electronic parts procurement issue will continue, and are advancing measures to enhance procurement. Supply chain impact by Shanghai lockdown is partially remaining, but we plan to recover production in the second half and plan to increase unit sales substantially, centering on e-Kit in the second half of the year. Please turn to page 21. Robotics business. As for Surface mounters, sales for developed market have been robust, but sales for China decreased due to unit sales decrease caused by Shanghai lockdown and short supply of semiconductors. As for Yamaha Robotics Holdings, investment in advanced semiconductors and automobile semiconductor equipment market was sustained, and the company were able to capture the demand, and that led to sales increase. Net sales of the entire robotics business decreased, and operating income decreased due to sales decline and SG&A cost increase, including labor cost and material cost and parts cost surge. Bottleneck parts procurement will improve toward the second half, and activities are ongoing to boost production capacity, including the shift to semi-line production from cell-based production and the introduction of theoretical value-based production. We plan to improve supply capacity and to turn to sales expansion in the fourth quarter and onward. This concludes my presentation. Thank you for your attention.