Good afternoon, everyone. I am Kijima, Executive Manager of Investor Relations at Mitsui Fudosan. I will present in detail the full-year results for the fiscal year ended March 2026. Similar to last time, I will use the financial results and business highlights presentation dated May 13th, which is available on our website. As usual, I will begin with the results highlights on slide three of the presentation. As indicated in the blue box on the upper part of the page and the figures in the table, in fiscal 2025, we achieved year-on-year growth for each of operating revenue, operating income, business income, ordinary income, and profit attributable to owners of the parent exceeded our forecast for the full-year and also set record highs for all levels of earnings. As shown in the box on the lower right, the resulting full-year EPS was JPY 101 for an EPS CAGR of 13.4% from the fiscal 2023 EPS forecast of JPY 78.5. The ROE for fiscal 2025 was 8.7%. Mitsui Fudosan achieved its fiscal 2026 goals for ROE, business income, and net profit under the Group Long-Term Vision & INNOVATION 2030, one year ahead of plan. Our forecast for fiscal 2026, as shown in the lower part of the blue box and the figures in the table are operating revenue of JPY 2.8 trillion, business income of JPY 450 billion, and profit attributable to owners of the parent of JPY 285 billion. We project record high earnings in fiscal 2026. Our forecasts represent the 15th consecutive year of record highs for operating revenue, the third consecutive year for business income, and the fifth consecutive year for net profit. Returning to the box on the lower right, as a consequence of these forecasts, we project a three-year CAGR of 10.3% for growth metric EPS growth. We are expecting to significantly exceed the fiscal 2026 CAGR target of 8% EPS growth and project an ROE of more than 8.5%. For strategic equity holdings, relative to our target of a 50% reduction over the three-year period from the end of fiscal 2023, we have achieved a reduction of around 40% as of the end of fiscal 2025. We now aim to achieve a cumulative reduction of more than 50% as of the end of fiscal 2026. With regard to shareholder returns, please turn to page four. Based on the overshoot of our net profit forecast and reflecting the dividend policy set out in & INNOVATION 2030 for a dividend payout ratio of around 35%, we have raised our annual DPS guidance for fiscal 2025 from the JPY 34 as announced on November 7th to JPY 35, up JPY 1. This represents a JPY 4 increase from the JPY 31 of the previous fiscal year. Combined with the share buyback program of JPY 57 billion announced on November 7th, this will bring the total payout ratio for fiscal 2025 to 54.9% of profit attributable to owners of parent. The JPY 57 billion share buyback program was completed on March 9th. With regard to the treasury shares we acquired, the board of directors has resolved to retire the shares on May 29. Our DPS guidance for fiscal 2026 based on a payout ratio of 35% and our net profit forecast of JPY 285 billion is for an annual dividend of JPY 37, up JPY 2 from fiscal 2025. In addition to this, for shareholder returns in fiscal 2026, we have also decided today to implement a JPY 40 billion share buyback program. We note that subject to conditions such as share price, cash, and progress toward achieving our KPIs, we are open to considering further share buybacks over the course of the fiscal year. I will now explain the results in detail. Please turn to page 65 of the financial results and business highlights presentation. I will start with the profit and loss statement. Fiscal 2025 operating revenue was JPY 2,709.7 billion, up JPY 84.3 billion or 3.2% 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 445.1 billion, up JPY 46.4 billion or 11.6% year-on-year. Ordinary income was JPY 313.3 billion, up JPY 23 billion or 7.9% year-on-year. Profit attributable to owners of parent was JPY 278.6 billion, up JPY 29.8 billion or 12% year-on-year. Progress relative to full-year guidance is shown on the right in the table entitled Achievement Rate. We revised up our earnings forecast 2x in fiscal 2025, but relative to the upwardly revised forecast, we exceeded our projections at each level from operating revenue down to net profit. 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. I will begin with non-operating income. We incurred a loss of JPY 4.3 billion in equity in net income or loss of affiliated companies, a JPY 1.8 billion year-on-year widening of losses. This is mainly the result of increased expenses such as depreciation and other expenses related to U.S. rental properties that were completed in the fiscal year under review or the previous fiscal year. Net interest expense was JPY 73.4 billion, an improvement of JPY 5.8 billion versus the previous fiscal year. While there was an increase in net yen-denominated interest expense on the back of rising interest rates in Japan, net foreign currency denominated interest expense declined, mainly reflecting the impact of rate cuts in the U.S. and other factors. Other non-operating income was a loss of JPY 6.6 billion, a JPY 5.9 billion year-on-year widening of losses. This reflects the impact of a decline in dividends received and an increase in losses on the retirement of tangible assets. As a result, overall non-operating income was a - JPY 84.4 billion, a JPY 1.9 billion deterioration year-on-year. Next, for extraordinary gains and losses, please refer to the box on the upper right entitled Extraordinary Income. We posted JPY 51.7 billion in extraordinary gains from the disposal of tangible assets. This is in line with the policy set out in the long-term vision & INNOVATION 2030 of not distinguishing between tangible assets and real property for sale when considering disposals. We generated profits on the sale of the Otemachi Building, Nagoya Station Front Building and the former Hibiya U-1 Building. We also generated profits on the sale of investment securities of JPY 51.6 billion in line with the policy set out in & INNOVATION 2030 to reduce holdings of investment securities. We generated profits on the sale of a portion of our equity holdings. Under extraordinary losses, we incurred JPY 19.7 billion in impairment losses. As explained at the time of second quarter results, this is related to a loss at LaLaport BBCC, a retail facility in Kuala Lumpur, Malaysia. As previously disclosed, there is a JV partner for LaLaport BBCC. The partner will bear their share of the loss in line with their stake. As such, the impact on Mitsui Fudosan's net profit will only be for our share, which is around JPY 8 billion or roughly half of the JPY 17 billion LaLaport BBCC impairment loss. Please return to the table on the left. As shown on the fourth line from the bottom, corporate tax was JPY 125.1 billion. Net losses attributable to non-controlling interests shown in the second row from the bottom of the table was a + JPY 6.8 billion. The figure is a significant positive, reflecting the portion of impairment losses attributable to non-controlling interests for LaLaport BBCC as just discussed. Please turn to the next page. I will now cover the segment results in detail. First, the leasing segment, as shown on slide 67 of the presentation. Reflecting growth in revenues and profits from offices in Japan and overseas, such as Tokyo Midtown Yaesu and 50 Hudson Yards in New York, fiscal 2025 operating revenue was JPY 936.6 billion and operating income was JPY 181.5 billion, up JPY 64.2 billion and JPY 5 billion year-on-year, respectively. Equity in net income or loss of affiliated companies was a - JPY 4.5 billion, a year-on-year decline of JPY 4.5 billion, reflecting the impact of depreciation expenses on U.S. rental properties which were completed in the fiscal year under review and the previous fiscal year. As a result, business income was JPY 177 billion, up JPY 0.5 billion year-on-year. The office vacancy rate is shown in the box in the middle of the page. Mitsui Fudosan's non-consolidated metropolitan area office vacancy rate as of the end of March remains at a low 1.6%. Next is the property sales segment. Please turn to page 68. As shown at the very top of the page, FY 2025 operating revenue for property sales as a whole was JPY 729.2 billion and business income was JPY 193.1 billion. This represents a JPY 28.7 billion year-on-year decline in operating revenues, but a JPY 26.1 billion year-on-year increase in profits. Looking at the sub-segments for property sales to domestic individuals, operating revenue was JPY 439.3 billion and operating income was JPY 112 billion on the back of handovers for Mita Garden Hills, Park City Takadanobaba and others. This represents a JPY 25.7 billion year-on-year increase in operating revenues and a JPY 15.5 billion year-on-year increase in operating income. We show the number of reported units in the middle of the page. The combined total of condominiums and detached housing units was 3,154, down 956 units year-on-year. The average price per unit for the combination of condominium and detached housing units hit a record high of JPY 139.3 million. Near-term selling conditions remain strong and unchanged. We show completed inventory on the lower part of the page. As you can see, fiscal 2025 completed inventory as of the end of March 2026 was 36 units for condominiums and 10 units for detached housing for a combination of 46 units. Inventory remains at historically low levels. Also, while not indicated on the slide, the OPM for domestic residential property sales was 25.5%. Next is property sales to investors and overseas individuals. Please return to the top of the page. Operating revenue was JPY 289.9 billion, down JPY 54.5 billion year-on-year. Business income for the sub-segment was JPY 81.1 billion, the combination of operating income of JPY 31.4 billion and the sum of equity method investment profits and gains on the sale of fixed assets at JPY 49.6 billion. On a year-on-year basis, sub-segment operating income for property sales to investors fell JPY 14.9 billion year-on-year but was offset by a JPY 25.4 billion year-on-year increase in equity method investment gains and gains on the disposal of fixed assets. In total, business income rose JPY 10.5 billion year-on-year. Next, the management segment. Please turn to page 69. As shown at the top of the page, the overall management segment reported fiscal 2025 operating revenue of JPY 511.4 billion and business income of JPY 80.8 billion. This is a JPY 25.1 billion increase in operating revenue and a JPY 9.2 billion increase in business profits from the previous fiscal year. I will now discuss conditions for the individual sub-segments. Property management operating revenue was JPY 376.3 billion, while business income was JPY 44.3 billion. This represents year-on-year increases of JPY 14.9 billion and JPY 5.8 billion, respectively. The key factors were an increase in revenue at the car sharing business and higher management fees reflecting GMV growth at retail facilities. Next is the brokerage and asset management sub-segment. Operating revenue was JPY 135.1 billion and business income was JPY 36.5 billion. This represents year-on-year increases of JPY 10.2 billion and JPY 3.3 billion, respectively. The main driver was an increase in project management fees. Next is the facility operations segment. Please turn to page 70. The overall facilities operations segment reported fiscal 2025 operating revenue of JPY 244.1 billion and business income of JPY 46.3 billion. This represents year-on-year increases of JPY 20 billion and JPY 7.7 billion, 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 hotel and resorts business and usage fee hikes at Tokyo Dome. Looking at the individual sub-segments, the hotel and resorts business reported operating revenue of JPY 177.5 billion, up JPY 15.4 billion year-on-year. The sports and entertainment business, which consists primarily of Tokyo Dome City, posted operating revenue of JPY 66.5 billion, up JPY 4.6 billion year-on-year. As you can see, both sub-segments reported year-on-year top-line growth. Next is the other segment. Please turn to page 71. Overall, the other segment reported fiscal 2025 operating revenue of JPY 288.2 billion and business income of JPY 10.1 billion. The improved margin at the new construction under consignment business at Mitsui Home and large-scale orders for the lifestyle business at Mitsui Designtec drove the year-on-year improvements of JPY 3.6 billion each to operating revenue and business income. Next, for reference, we show the figures for the overseas business. Please turn to page 72. Overall combined overseas business income for fiscal 2025 was JPY 31.3 billion, up JPY 4 billion year-on-year. Within the overseas business, leasing saw improved profitability from offices as a result of progress on tenants moving into 50 Hudson Yards and other properties. However, this was offset by an increase in expenses such as depreciation on U.S. rental properties which were completed in the period under review and the previous fiscal year. As a result, while operating revenue grew JPY 16.4 billion, business income fell JPY 0.9 billion year-on-year. In the property sales segment, we made progress on disposals of U.S. West Coast rental residential properties for an increase of JPY 14.8 billion in operating revenues. However, while we incurred losses of JPY 8.5 billion related to the sale of U.S. West Coast rental residential properties and the valuation of U.S. West Coast rental residential properties and residential properties for sale in China at the lower of cost or market. Progress in profit recognition for the residential property sales in APAC contributed to narrowing the loss by JPY 4.8 billion year-on-year. The combination of management and other segments reported a JPY 0.8 billion improvement in revenues and a JPY 0.1 billion increase in profits. Next, I will cover the balance sheet. Please turn to page 73. At the bottom of the page on the left, total assets as of the end of fiscal 2025 were JPY 10,103.4 billion, up JPY 243.6 billion from the end of the previous fiscal year, mainly as a result of factors such as progress on investments and the rise in share prices. As indicated below the table, the impact of moves in foreign currency rates was JPY 39.2 billion. As shown on the lower right of the table, the D/E ratio as of the end of fiscal 2025 was 1.41 x and the equity ratio was 32.4%. I will now discuss the major components of change such as cost recovery. Please turn to page 74. As shown in the table on the upper left entitled Real Property for Sale, the outstanding balance was JPY 2, 603 billion, up JPY 102.3 billion from the end of the previous fiscal year. Looking at the table below, new investments were JPY 644.4 billion, cost recovery was JPY 520.3 billion, and other, which includes the impact of Forex, was a - JPY 21.8 billion. Next, on the lower left, the outstanding balance of tangible and intangible assets was JPY 4,679.1 billion, down JPY 28.3 billion from the end of the previous fiscal year. As shown in the table below, there were new investments of JPY 246.3 billion, including construction investments for projects such as the renovation of LaLaport Tokyo Bay North Wing, while depreciation was JPY 150.9 billion, and under other, there was a reduction of JPY 123.7 billion related to the sale of the former Hibiya U-1 Building and Otemachi Building Nagoya Station Front Building, as noted in the comment section on the right, and the impact of Forex. Combining all of the above, the total outstanding balance fell a net JPY 28.3 billion compared to the end of the previous fiscal year. On the liability side, please see the table on the upper right. As of the end of fiscal 2025, outstanding interest-bearing debt was JPY 4,632.5 billion, up JPY 216.4 billion from the end of the previous fiscal year. This was primarily due to progress on investments in Japan and overseas and the impact of Forex. As it is the end of the fiscal year, we also revalued our rental properties, marking them to market. Please turn to page 75. As you can see in the table on the upper part of the page, market value as of the end of fiscal 2025 was JPY 7,714.6 billion, making the gap to book value or the unrealized gains JPY 3,985.1 billion, up JPY 299.5 billion from the end of the previous fiscal year. The increase was mainly the result of the new inclusion of a number of properties such as the Nihonbashi 1-Chome Central District project, which has now been renamed Tokyo Midtown Nihonbashi, and Tressa Yokohama in properties that are marked to market. There was also an impact from increases in rent revenues from existing offices and retail facilities. Next, I will explain in detail our forecast for the fiscal year ending March 2027. Please turn to page 78. Our forecast for fiscal 2026 business income is JPY 450 billion, up JPY 4.8 billion from fiscal 2025. We also project a JPY 6.3 billion year-on-year increase in profit attributable to owners of parent to JPY 285 billion. As indicated in the comment section in the box on the right, we have taken into account factors such as increases in office rents in Japan and overseas, increased leasing profits on the back of higher GMVs at retail facilities in Japan and overseas, and expected growth in property sales, including the impact of an acceleration of total asset turnover, including both tangible assets and real property for sale. Operating revenue, business income, ordinary income, and profit attributable to owners of parent are all expected to hit record highs. I will now elaborate on the segment breakdown. First, for the leasing segment, while we expect an increase in expenses on the back of the completion of domestic office properties and U.S. rental properties, we have also factored in increases in domestic office rents and growth in leasing profits as a result of GMV growth at domestic and overseas retail facilities. We guide for operating revenue of JPY 970 billion and business income of JPY 180 billion, both rising year-on-year. We project Mitsui Fudosan's non-consolidated metropolitan area office vacancy rate as of the end of fiscal 2026 to be in the 1% + range. We expect vacancy rates to remain low. For the property sales segment, while there is a high base for comparison in the property sales to domestic individual sub-segment relative to the fiscal 2025's high level of central urban high-end large-scale properties, factoring in an acceleration of asset turnover in property sales to investors, including both real property for sale and tangible assets, we project overall property sales operating revenue of JPY 740 billion and business income of JPY 210 billion, both up year-on-year. With regard to property sales to domestic individuals, please see the box on the left on page 79. We expect to report 2,700 units, the combined total of condominium and detached housing units, and are guiding for an OPM of 21%, similar to the margins of more than 20% that we generated in fiscal 2024 and 2025. While not shown on the page, relative to the 2,350 condominium units we expect to report, the contract rate is already at 75%. In addition, we have 24,600 units in our land bank, mainly focused on central urban large-scale redevelopment projects. We believe we can continue to stably generate profits over the medium to long term. Next is the property sales to investors sub-segment. While being mindful of maintaining a favorable balance between stable and sustainable leasing profits and property sales profits by generating added value through the disposal of real property for sale and tangible assets, we project operating revenue of JPY 430 billion and business income of JPY 145 billion, with both significantly higher year-on-year. While not indicated on the slide, the progress rate on contracts which underpin this profit forecast is already above 50% as of the beginning of the fiscal year, which should give you a high degree of confidence in our ability to achieve our target. Next, please turn to page 78 for the management segment. As a result of the absence of the one-off management fees reported in fiscal 2025, we are projecting operating revenues of JPY 510 billion and business income of JPY 75 billion, both down year-on-year. However, our stated annual profit target for the management segment under & INNOVATION 2030 is JPY 70 billion. Our fiscal 2026 forecast represents the third consecutive year that we expect to exceed this level. For the facilities operation segment, while we expect further revenue and profit growth in the hotel and resorts business given strong demand, taking into account an increase in expenses on the completion of new large-scale projects, we are guiding for overall segment operating revenue of JPY 260 billion and business income of JPY 45 billion. This level is unchanged from the fiscal 2025 level. Next, for the other segment, we project overall segment operating revenue of JPY 320 billion and business income largely unchanged year-over-year of JPY 10 billion. Next, on the net interest burden, reflecting progress on investments in Japan and overseas and the impact of rising interest rates in yen, we project an increase of JPY 11.5 billion versus fiscal 2025 to JPY 85 billion. Finally, on extraordinary income, on the back of expected gains on disposals of tangible assets and investment securities, we project extraordinary income of JPY 105 billion up JPY 21.3 billion year-on-year. In summary, we project fiscal 2026 operating revenue of JPY 2.8 trillion, up JPY 90.2 billion, business income of JPY 450 billion, up JPY 4.8 billion, ordinary income of JPY 315 billion, up JPY 1.6 billion, and profit attributable to owners of parents of JPY 285 billion, up JPY 6.3 billion. For each of operating revenue, business income, ordinary income, and profit attributable to owners of parent, the projections represent record highs. With regard to the effect of the conflict in the Middle East, we have seen no impact in the near term. As such, it is not factored into our forecast, but the plan does incorporate a certain level of buffer. Obviously, the magnitude of the impact will depend on how long the conflict persists and its severity. Given we have multiple profit-generating capabilities, we don't feel there is a need to be overly concerned about our ability to achieve our targets. I will skip a discussion of shareholder returns since I have already touched upon it at the beginning of the call. Next, I would like to return to page 79 to discuss investments and cost recovery again using the table on the right. Investments in tangible and intangible assets in fiscal 2026 are projected to be JPY 300 billion, primarily focused on domestic development investments. For real property for sale in fiscal 2026, we are guiding for investments of JPY 790 billion, but cost recovery of JPY 610 billion. Based on this, we project interest-bearing debt as of the end of FY 2026 to be JPY 4.8 trillion. Finally, on cash allocation, please turn to page 18. Our cumulative track record for fiscal 2024 and 2025 is shown on the table on the right. Of the projected cash inflow, cumulative asset turnover proceeds for the two years of fiscal 2024 and 2025 were JPY 1,240 billion. Compared to the cost recovery amount for the three years up to fiscal 2023, our target of cumulative cost recovery of JPY 2 trillion represents a 1.4 x increase. Relative to the fiscal 2026 target, we are tracking largely in line, having achieved 60% of the target to this point. In addition to real property for sale, we have also made progress on cost recovery, including disposals of tangible assets and investment securities. Backed by growth in business income in each of the segments, the basic cash flow from operating activities over the last two years we have generated is around JPY 1 trillion. Our initial assumption was that this level of basic cash flow from operating activities would be achieved over a three-year period. With regard to cash outflow, we are making steady progress in winning promising investment projects with the combined total of growth investments and strategic investments at around JPY 1,970 billion or 80% of our target. On shareholder returns, the combined total of dividends and share buybacks is approximately JPY 320 billion, roughly 80% of our target. As a result, both cash inflows and outflows stand at around JPY 2.2 trillion for a progress rate of roughly 2/3 versus our planned targets. Currently, the impact of the Middle East conflict has led to highly volatile financial and economic markets, but the near-term fundamentals for our core business, real estate, particularly the Japanese real estate market, are firm. We believe Mitsui Fudosan is making solid progress on enhancing its ability to generate profits. The group as a whole remains firmly committed to achieving the forecasts we have disclosed for this fiscal year while closely monitoring the financial and real estate market conditions in Japan and overseas. This completes my presentation.