[Foreign language] Good afternoon, everyone. I am Kijima, Executive Manager of Investor Relations at Mitsui Fudosan. I will present in detail our second-quarter results for the fiscal year ending March 2026. As usual, I will use the financial results and business highlights materials dated November 7, which are available on our IR website. Similar to last time, there is an executive summary of the key takeaways for the first half results on slide three. First, the results for the first half of fiscal 2025. We achieved new record highs for operating revenue and all levels of profit down to net profit. As well, we have revised up our full-year forecast based on near-term conditions and outlook, as stated here. In conjunction with this, we have increased our annual dividend guidance by JPY 1 per share and will also implement a share buyback of JPY 57 billion as a part of our shareholder returns for fiscal 2025. This will bring our expected total payout ratio for the fiscal year to 56.6%. With regard to share repurchases, we will acquire a total of JPY 100 billion worth of shares during the current fiscal year, the combination of the JPY 57 billion announced this time, and the remaining unexecuted JPY 43 billion of the JPY 45 billion buyback program for fiscal 2024, which was resolved by the board in February 2025. As a result, the two-year CAGR for EPS growth covering the previous fiscal year and this fiscal year will rise to around 10.3%, and the projected ROE for this fiscal year has been revised up to the mid 8% level from our initial forecast of a low 8% level. In addition, we have made solid progress in reducing our strategic equity holdings. The cumulative reduction from the beginning of the previous fiscal year to the end of this fiscal year's second quarter is just under 40%. These are today's key takeaways. I will now explain the results in detail using the financial results and business highlights, as usual. Please turn to slide four. The first item to highlight is the results for the first half of fiscal 2025. We achieved year-on-year growth in revenue and profits for each of operating revenue, operating income, business income, ordinary income, and profit attributable to the owners of the parent, and set new first-half record highs for each as well. The second highlight is the upward revision to our full-year forecast, reflecting factors such as the strong conditions for the management segment and improvements to the net interest burden. As shown in the middle of the table on the lower part of the page, our projection for operating income has been revised up by JPY 5 billion from JPY 380 billion to JPY 385 billion. The forecast for business income has been revised up by JPY 5 billion from JPY 425 billion to JPY 430 billion. Ordinary income has been revised up by JPY 10 billion from JPY 285 billion to JPY 295 billion. Profit attributable to owners of parent has been revised up by JPY 5 billion from JPY 260 billion to JPY 265 billion. As a result, we expect to achieve new record highs for the full year in operating revenue, operating income, business income, ordinary income, and net income. With regard to the new record highs, the forecasts represent the 14th consecutive year of record highs for operating revenue, the second consecutive year of record highs for business income, and the fourth consecutive year of record highs for each of operating income, ordinary income, and profit attributable to owners of parent. The third highlight is our decision to revise up the interim and fiscal year-end dividend guidance based on the upward revision to our full-year results forecast. Our initial guidance of a full-year dividend of JPY 33 per share has been raised to JPY 34 per share. As shown in the box on the lower right, we revise up both our interim and fiscal year-end dividend forecasts from JPY 16.5 per share to JPY 17 per share. Also, reflecting the improved probability of achieving our full-year forecast, we will implement a share buyback program of JPY 57 billion. As mentioned earlier, our total payout ratio forecast based on this is now projected to be 56.6%. I will now discuss the results in more detail. Please turn to slide 65 and the consolidated profit and loss statement. First-half operating revenue was JPY 1,353.4 billion, up JPY 190.9 billion, or 16.4% year-on-year. Business income, which is the combination of operating income and gains and losses on equity method investments and the disposal of fixed assets, was JPY 246.4 billion, up JPY 73.3 billion, or 42.3% year-on-year. Ordinary income was JPY 183.5 billion, up JPY 46.2 billion, or 33.7% year-on-year. Profit attributable to owners of parent was JPY 152.1 billion, up JPY 63.8 billion, or 72.3% year-on-year. Progress relative to our full-year guidance is shown on the right in the table entitled progress rate. Relative to the upwardly revised forecast, first-half operating revenue stood at 50.1%, business income at 57.3%, ordinary income at 62.2%, and profit attributable to owners of parent at 57.4%. As you can see, we are making steady progress toward achieving our full-year forecast. Next, before covering the details of the segment results, please return to the table on the left. I will discuss the major items below the line. First, under non-operating income, there was a JPY 2.5 billion year-on-year decline in equity and net income or loss of affiliated companies. This is mainly the result of an increase in expenses such as depreciation for U.S. rental properties completed in the previous fiscal year. That said, net interest expenses fell JPY 1.8 billion year-on-year, primarily reflecting the impact of rate cuts in the U.S. despite an increase in domestic interest expense on the back of rising rates in Japan. Factoring in a decline in dividends received and other non-operating income, overall non-operating income was a - JPY 3 billion year-on-year. Next, for extraordinary gains and losses, please refer to the box on the upper right entitled extraordinary income. As shown here, we posted JPY 40.5 billion in first-half extraordinary gains on the sale of investment securities. This is in line with the policy set out in the long-term vision & INNOVATION 2030 related to holdings of investment securities. We continue to reduce our holdings on an ongoing basis. We also generated JPY 26.5 billion in gains on the sale of fixed assets. This is aligned with our policy of not distinguishing between fixed assets and real property for sale when considering asset sales as outlined in & INNOVATION 2030. We generated profits on the sale of the Otemachi Building, Nagoya, Station Front. Under extraordinary losses, we incurred JPY 16.6 billion in impairment losses. This is related to LaLaport BBCC, a retail facility in Kuala Lumpur, Malaysia. This facility opened during the pandemic, and as a result, many core tenants chose to delay or forgo opening stores. It was also part of a larger mixed-use development. Separate from our retail facility, there were also delays in development of the overall project, which impacted the level of activity in the facility relative to our assumptions. We recently made the decision to make further strategic investments to revitalize this facility, but as a result of a review of the facility's profitability, we chose to take impairment losses. We note that we have a JV partner for this project. As there are losses that are attributable to the partner in line with their share, an amount that is roughly half of the impairment loss of JPY 16.6 billion, or slightly more than JPY 8 billion, has been reflected under net income or loss attributable to non-controlling interest, as shown on the second line from the bottom of the table on the left. This mitigates the impact to our net profit. As a result, net income attributable to non-controlling interest increased by JPY 7 billion year-on-year to JPY 8.2 billion. Next, I will cover the segment results in detail. I will start with the leasing segment. Please see slide 67. As shown at the top of the page, first-half operating revenue was JPY 456.2 billion, and business income was JPY 88.5 billion. This represents year-on-year increases of JPY 36.5 billion and JPY 2.9 billion, respectively. We discuss conditions for the leasing segment in the comment section on the left. The segment as a whole reported year-on-year increases in revenue and profits in the first half as a result of growth in office revenue and profits driven by domestic and overseas properties such as Tokyo Midtown Yaesu and 50 Hudson Yards in New York. The office vacancy rate is shown in the box in the middle of the page. As of the end of September, Mitsui Fudosan's non-consolidated metropolitan area office vacancy rate was 0.9%, reflecting progress on tenants moving in. This is the lowest level on record for vacancies since 2007. We had initially indicated that our forecast for vacancy rates as of the end of the fiscal year was around the 2% level, but we now expect it to improve. We assume a vacancy rate in the mid 1% range at the end of this fiscal year. Next is the property sales segment. Please turn to slide 68. As shown at the top of the page, operating revenue for property sales as a whole in the first half was JPY 398.7 billion, and business income was JPY 124.2 billion, up year-on-year by JPY 131.2 billion and JPY 61.1 billion, respectively. Looking at the subsegments, for property sales to domestic individuals, operating revenue was JPY 290.6 billion, and operating income was JPY 87.5 billion, up JPY 86.6 billion and JPY 42.6 billion, respectively. The key driver was progress on handovers for properties such as Mita Garden Hills and Park City Takadanobaba, as shown in the comment section on the left. The contract rate for domestic condominiums as of the end of September relative to this fiscal year's total projected units of 2,800 stood at 96%. We show the number of reported units in the middle of the page. The combined total condominiums and detached housing units was 1,705, down 492 units year-on-year. However, the average price per unit for condominium and detached housing units was very high at over JPY 170 million. Near-term selling conditions remain strong and unchanged. We show completed inventory on the lower part of the page. As you can see, completed inventory as of the end of first half was 43 units for condominiums and 26 for detached housing for a scant total of just 69 units. Inventory levels remain extremely low. Next is property sales to investors and overseas individuals, which includes gains and losses on sales of fixed assets and equity method investments. Please return to the top of the page. Operating revenue was JPY 108.1 billion, up JPY 44.5 billion year-on-year. Business income for the subsegment was JPY 36.7 billion, the combination of operating income of JPY 9.1 billion and combined gains on equity method investments and fixed asset sales of JPY 27.5 billion. Business income grew JPY 18.5 billion year-on-year. In addition to the sale of fixed asset Otemachi Building, Nagoya, Station Front, we also completed the sale of two MFLP properties. Next is the management segment. Please turn to slide 69. Please look at the top row of the table. For the management segment as a whole, first-half operating revenue was JPY 246.7 billion, and business income was JPY 38.5 billion, up JPY 11.5 billion and JPY 4.2 billion year-on-year, respectively. I will now discuss conditions for the individual subsegments. I will start with property management. Subsegment operating revenue was JPY 182.2 billion, and business income was JPY 20.3 billion, up JPY 4.6 billion and JPY 1 billion year-on-year, respectively. The key factors were an increase in users at the car-sharing business and the impact of measures such as a hike in parking charges at the Repark car park leasing business. Next is the brokerage and asset management subsegment. Operating revenue was JPY 64.4 billion, and business income was JPY 18.2 billion, up JPY 6.9 billion and JPY 3.2 billion year-on-year, respectively. The main driver was an increase in project management fees. Next is the facility operations segment. Please turn to slide 70. The overall facility operations segment reported first-half operating revenues of JPY 120.2 billion and business income of JPY 23.3 billion, up JPY 10.2 billion and JPY 3.9 billion year-on-year, respectively. We cover the key factors in the comment section on the left. The year-on-year gains are due to rising ADRs and occupancy rates for the hotels and resorts business and usage fee hikes at Tokyo Dome. Looking at the individual subsegments, the hotels and resorts business reported operating revenue of JPY 85.1 billion, up JPY 7 billion year-on-year. The sports and entertainment business, which consists primarily of Tokyo Dome City, generated operating revenues of JPY 35.1 billion, up JPY 3.1 billion year-on-year. As you can see, both subsegments reported year-on-year top-line growth. Next is the other segment. Please turn to page 71. Overall, the other segment reported first-half operating revenue of JPY 131.4 billion and business income of JPY 2 billion. As a result of an increase in the number of reported properties for Mitsui Home's new construction under consignment business, revenues grew JPY 1.4 billion year-on-year, and business profit improved JPY 0.6 billion year-on-year. Given that the new construction under consignment business accounts for the majority of the other segment, by nature, revenues and profits skew heavily to the end of the fiscal year. As such, we expect to report stronger profits in second half. Next, for reference, we show figures for the overseas business. Please turn to page 72. Overall, combined overseas business income for first half was JPY 19.8 billion, down JPY 0.7 billion year-on-year. Please note there is a three-month lag in reporting overseas income. The figures for first half reflect the results of the overseas business for the period from January to June 2025. Within the overseas business, leasing reported a JPY 7.9 billion year-on-year increase in revenues and a JPY 0.5 billion year-on-year rise in profits on the back of factors such as the increase in office revenues and profits from properties such as 50 Hudson Yards. In the property sales segment, while we made progress on property sales, as mentioned when we disclosed our forecast, we posted losses on the sale of West Coast U.S. rental residential properties in second quarter. As a result, while revenues grew JPY 43 billion year-on-year, profits declined JPY 1.3 billion year-on-year. The combination of the management and other segments reported a JPY 0.1 billion year-on-year increase in revenue and a slight year-on-year rise in profits. Next, I will cover the balance sheet. Please turn to slide 73. At the bottom of the page on the left, total assets as of the end of first half fiscal 2025 were JPY 9, 838 billion, down JPY 21.8 billion compared to the end of the previous fiscal year. Within this, changes in foreign exchange rates resulted in a decline of JPY 177.6 billion. I will now discuss the major components of change, including cost recovery. Please turn to slide 74. As shown in the table on the upper left, the total outstanding balance of real property for sale was JPY 2,437.4 billion, down JPY 63.2 billion from the end of the previous fiscal year. New investments were JPY 260.5 billion, cost recovery was JPY 271.1 billion, and other, which includes elements such as forex impact, was a - JPY 52.7 billion. As you can see from the breakdown of these figures, Mitsui Fudosan Residential reported a net increase in cost recovery of JPY 60.8 billion, primarily on progress on handovers of properties such as Mita Garden Hills. Mitsui Fudosan reported a net increase in investments of JPY 71.7 billion. While we made progress on the sale of properties, this was offset by continued progress on project investments. Mitsui Fudosan America reported a net increase in cost recovery of JPY 82.4 billion on the impact of the strong yen. Mitsui Fudosan U.K. reported a net increase in investments of JPY 23.1 billion due to progress on investments. Next, looking at the lower left, the outstanding balance of tangible and intangible assets was JPY 4,629.4 billion, down JPY 77.9 billion from the end of the previous fiscal year. New investments were JPY 108.7 billion due to construction investments for projects such as the renovation of LaLaport Tokyo Bay North Wing, while depreciation was JPY 73.8 billion. Other, as noted in the comment section on the lower right, declined JPY 112.8 billion on the impact of the sale of the Otemachi Building, Nagoya, Station Front and changes in forex rates. Taking this into account, there was a net decline of JPY 77.9 billion relative to the end of the previous fiscal year. On the liability side, please see the table on the upper right. The outstanding balance of interest-bearing debt as of first half fiscal 2025 was JPY 4,580.6 billion, up JPY 164.5 billion compared to the end of the previous fiscal year. This reflects the impact of factors such as domestic and overseas property acquisitions, construction expenses, corporate tax payments, and the payment of dividends. Going back to page 73, as a result of the above, the D/E ratio as of the end of first half fiscal 2025 was 1.42x, and the equity ratio was 32.9%, as shown on the lower right. Finally, I will discuss the revisions to our full year forecast in more detail. Please turn to slide 76. First, with regard to the management segment, based on the strength of the rehouse retail brokerage business and the improved profitability of the Repark car park leasing business, we now expect segment business income to exceed our initial forecast by JPY 5 billion. As such, we revise up our overall operating income forecast to JPY 385 billion and our business income forecast to JPY 430 billion. Below the line, we factored in an improvement of JPY 5 billion in net interest burden and have revised up our initial forecast for ordinary income by JPY 10 billion to JPY 295 billion. Taking into account the increase in corporate tax as a result of higher profits and the impact of net profits attributable to non-controlling interest in second quarter related to impairment losses, as discussed earlier, we revise up our initial full year projection for net profit attributable to owners of parent by JPY 5 billion to JPY 265 billion. As a result, as explained at the outset, we have revised up our annual dividend per share guidance by JPY 1 and will implement a share buyback of JPY 57 billion. Please turn back to slide three. Reflecting these revisions, we also revise up our guidance for our growth metric, EPS growth, from our initial guidance of around 9.6% to around 10.3%. We have also revised up our guidance for efficiency metric, ROE, as of the end of the fiscal year from our initial forecast of a low 8% level to a mid 8% level. With regard to our fiscal 2026 ROE target of 8.5%, we believe the likelihood of achieving this level in the current fiscal year has increased. The group as a whole remains firmly committed to achieving our business income and net profit targets for this fiscal year, as well as the KPIs set out in & INNOVATION 2030. This completes my presentation. Thank you.