Takao Kato
CEO & Representative Executive Officer

Good evening, everyone. Thank you for taking time out of your busy schedules to attend our financial results presentation today.

First, I would like to briefly touch on the key points of our full year results for FY 2025 and our outlook for FY 2026. FY 2025 was a year marked not only by heightened uncertainty, but also by more rapid and significant changes in the business environment than ever before. Even under these circumstances, we steadily executed various measures and, as a result, we were able to secure a profit level in line with our revised plan.

Operating profit was JPY 75.5 billion, and net income was JPY 10 billion. In terms of sales, signs of the effects of new model launches, including the all-new Destinator have gradually begun to emerge in each market, and these results are beginning to be reflected in our business performance. We will explain these points in more detail later.

Next, let me turn to our full year outlook. Based on assumptions that incorporate Middle East risk factors to a certain extent, we expect operating profit of JPY 90 billion, net income of JPY 25 billion and an annual dividend of JPY 10 per share. Even amid an uncertain environment, including geopolitical risks, we will respond flexibly and swiftly to changes in circumstances by accelerating our evolution toward a more resilient management foundation.

In terms of sales, in addition to the full year contribution from models launched in the second half of FY 2025, we will steadily build up sales volume through further expansion of