Kosuke Uemura
President, CEO & Director

Good afternoon. This is Kosuke Uemura, CEO. I would like to explain results for the FY '25 that ended March 2026 and progress of the Medium-Term Management Plan 2026 or MTP 2026. After that, our CFO, Makoto Shibuya, will explain details of the financial results. FY 2025 was year 2 of the current 3-year medium-term management plan or MTP 2026. We posted a net income of JPY 103.6 billion for an ROE of 10.1%, both falling short of the plan that was published together with the MTP. Business expansion and earnings contribution centered around Energy Solutions and Healthcare, chemicals trading as well as defense and marine product-related businesses.

On the other hand, structural reforms in Automotive and the Australian coking coal business, had a temporary negative impact. During the year, we continuously implemented various measures for growth towards our next stage. By implementing new investments that contribute to high-quality growth, we have been able to steadily build out clusters of businesses with clear path to success. We have also implemented measures to address underperforming businesses. It may have had a temporary negative impact on profit figures but allowed us to surely transform our learning space into one that generates stable profits into the future. In FY '26, we will build on the achievements and aim for JPY 130 billion in profit for the period and 12% ROE. This slide was first presented when we announced the MTP 2026. Our approach towards the next stage remains unchanged even with the situation in the Middle East and the progress we have made to date. We will focus on both scale and capital efficiency. By creating the Sojitz growth story, we aim