Hello, this is Yoshida from Daiwa Securities Group. Thank you very much for taking the time out of your busy schedule to join our conference call today. I will now explain the financial results for the first quarter of the fiscal year 2026, which we announce today based on the presentation materials posted on our website. Please turn to page four. First, I will provide a summary of our consolidated financial results. The percentage changes in figures when compared to the fourth quarter of fiscal year 2025. In the first quarter of fiscal year 2026, we achieved profit growth across all divisions, with ROE reaching 12.7%. Net operating revenue was JPY 220.3 billion, up 11.4%. Ordinary income was JPY 88 billion, up 31.4%, and profit attributable to owners of the parent was JPY 56.4 billion, up 13.2%. The Wealth Management Division. In addition to brisk client activity, service portfolio-based proposals gained traction, resulting in record-high asset-based revenue of JPY 35.8 billion. The trend of net asset inflows continues. Furthermore, not only asset-based revenue but also flow-based revenue expanded. In the Asset Management Division, against the backdrop of continued net inflows and favorable market conditions, ordinary income at Securities Asset Management reached a record high of JPY 15.7 billion. In Global Markets, client flows expanded against the backdrop of a strong market environment, and equity revenues increased significantly. Global Investment Banking saw an increase in earnings driven by contributions from several large-scale deals. Please turn to page eight. Base income as the KPI for stable earnings set forth in the mid-term management plan reached JPY 62.8 billion, an increase of 83.8% compared to the same period last year. We are progressing at a pace that significantly exceeds the final year target of JPY 150 billion set in the medium-term management plan, and we are making steady progress in building an earnings base that is less susceptible to external conditions. Please turn to page 11. I will now explain the income statement. Commission received totaled JPY 143.4 billion, an increase of 9.3%. A breakdown of commission received can be found on page 24. Brokerage commission was JPY 34.9 billion, up 9.4%. Underwriting and secondary offering commissions were at JPY 17 billion, up 86.4%. Distribution commissions were at JPY 9.2 billion, up 20%, and M&A related commissions were at JPY 12.5 billion, down 27.9%. Please turn to page 12. SG&A totaled JPY 142.8 billion, up 3.3%. Trading-related expenses increased due to higher commission payments. Personnel expenses rose due to wage increases and, primarily in Japan, an increase in performance-based bonuses. Please turn to page 14. Total ordinary income from overseas operations reached JPY 13.1 billion, up 90%, setting a new record high. By region. In Europe, the M&A business was sluggish due to geopolitical risks. In Asia and Oceania, ordinary increased driven by equity revenue, reaching a record-high level. In the Americas, ordinary income rose significantly due to an expansion in equity revenues. Next, I will explain the results by segment. Please turn to page 15. First, the Wealth Management Division. Net operating revenue was JPY 88.2 billion, up 8.8%. Ordinary income was JPY 37.2 billion, up 12.4%. In addition to favorable market conditions, the widespread adoption of total asset consulting allowed us to capture a broad range of a client's asset management needs and translate them into results. Looking at results by product, trading volume in equities expanded. Driven particularly by foreign stocks, revenue increased by JPY 900 million. In the fixed income segment as well, by capturing investment needs amid rising interest rates, revenue increased by JPY 800 million. Furthermore, our wrap account services continued to grow as a solution for inflation hedging and medium- to long-term asset management needs, resulting in a JPY 1.1 billion increase in wrap-related revenue, which reached a new all-time high. The fixed cost coverage ratio based on asset-based revenue rose to 125.7%, while the total expense coverage ratio improved to 77.3%. Detailed data is provided on page 28, please refer to it later. Please turn to page 16. This page shows the status of product offerings and sales amounts for the Domestic Wealth Management Division. The wrap account service performed steadily, with contract value reaching JPY 357.7 billion and a net increase of JPY 237.6 billion, bringing the total contracted AUM to a record high of JPY 6.765 trillion. Please turn to page 17. This is the status of Daiwa Next Bank. Net interest income was JPY 13 billion, up 16.2%, and ordinary income was JPY 7.2 billion, up 15.8%. Deposit acquisition progressed through collaboration with Daiwa Securities, the deposit balance expanded to JPY 5.3 trillion. Daiwa Next Bank continues to steadily fulfill its gateway function for the shift from savings to investment. In addition, the increase in the policy rate widened the interest margin, resulting in higher revenues and income. Please turn to page 18, the Asset Management Division. First, securities asset management. Net operating revenues were JPY 21.2 billion, up 7.8%, and ordinary income was JPY 15.7 billion, up 37.6%. AUM of publicly offered investment trust managed by Daiwa Asset Management surpassed JPY 43 trillion, a record high. Assets under investment advisory contracts, including those related to the alliance with Japan Post Insurance, continues to expand steadily, further strengthening the revenue base. Please turn to page 19 for Real Estate Asset Management. Net operating revenues were JPY 13.3 billion, up 47.2%, and ordinary income was JPY 9.8 billion, up 2.2%. AUM and Real Estate Asset Management surpassed JPY 1.8 trillion, achieving the FY 2030 target ahead of schedule. Gains on property sales at Daiwa Securities Realty and income from managed REITs contributed to the increase in both revenues and income. Please turn to page 20 for Alternative Asset Management. Net operating revenues were JPY 6.3 billion and ordinary income was JPY 4.8 billion. Capital gains were recorded due to the exit from certain portfolio investments, among other factors. Page 21. Finally, I will explain the Global Markets & Investment Banking Division. In Global Markets, net operating revenues were JPY 53.8 billion, up 4.9%, and ordinary income was JPY 18.1 billion, up 2.3%. In equities, client order flows from both institutional investors and wealth management clients remained solid in both Japanese and foreign equities. Despite elevated market volatility, we captured order flows effectively and combined with successful positioning of the position management secured a high level of revenues. In FICC, order flows in both domestic and foreign bonds declined from the previous quarter's high level, but remained solid overall. Turning to page 22. Global Investment Banking recorded net operating revenues of JPY 22.6 billion, down 6.1%, and ordinary income of JPY 30.2 billion, up 52.5%. This concludes my explanation of the financial results for the Q1 of FY 2026. Just to add some comments. This first quarter's revenue and income both reached historically high levels. That said, we do not view this result as simply the product of a favorable market environment. Against the backdrop of rising inflation and the growing asset building needs, we continue to see a strong structural shift of funds into the financial and capital markets, including some needs to respond to the corporate governance. We believe our ability to steadily translate this shift to tangible outcomes, reflecting the group's steadfast effort and disciplined execution of the strategies. The total asset consulting and the Wealth Management Division is not only a method of selling investment products, but rather to identify the customer's pain points and the needs, and broadening the range of our solution across investment management, asset succession, real estate, and corporate transactions. Continuing this effort has, as a result, led to growth in both balance-based revenues and flow revenues. In the Asset Management Division, the accumulated AUM has contributed to higher profitability, further demonstrating the strength of our stock-type business model. In Global Markets and Investment Banking as well, we have accurately captured the structural changes such as progressing capital market reforms and shifting client needs and have steadily captured revenue opportunities. This fiscal year, the final year of our mid-term management plan, is positioned as a year to further drive these achievements. This first quarter marks a good start towards that goal. Regarding the current market environment, uncertainty continues to linger. Even so, the Wealth Management is tracking at roughly the same pace as the first quarter average. In the meantime, Global Markets is off to a start below the high first quarter average, though we continue to see solid client flows. In addition, today, we completed the process of making ORIX Bank our 100% subsidiary. We believe this represents an important step forward in advancing our growth strategy centered on Wealth Management. Going forward, we will continue to respond to our clients' diverse needs, contribute to the development of the financial and the capital markets, and pursue sustainable growth in corporate value. We thank you for your continued support. That's all from myself.