Operator

Thank you very much for joining Mitsubishi Chemical Group Corporation's earnings briefing. As we have now reached its time to start, we would like to begin the meeting. To start, President and CEO, Mr. Manabu Chikumoto will give the opening remarks, followed by a presentation on the fiscal year ending March 2026 second quarter financial results by CFO, Mr. Minoru Kida.

After that, we will proceed to a question-and-answer session. We are planning to have a meeting for 60 minutes. Before we begin the conference, we would like to share the following information with our investors. In the presentation today, we may refer to forward-looking statements based on the current expectations. Please be advised that all such statements involve risks and uncertainties, and actual results may differ significantly from those projections. And also, this conference is going to be posted in our website later, and I hope you understand. Now I would like to start the conference. Mr. Chikumoto, please.

Manabu Chikumoto
President, CEO, Representative Corporate Executive Officer & Director

Good afternoon. I am Chikumoto, President and CEO of Mitsubishi Chemical Group. Thank you very much for joining us for today's earnings call. Our CFO, Kida, will provide more detailed explanations later. But for FY 2025 results, core operating income is down 2% to JPY 225 billion. However, due to the substantial amount of nonrecurring items totaling JPY 194.9 billion, operating income declined 79% to