Unknown Executive

Thank you very much for taking time out of your busy schedule. And I'd like to make start the financial results for the fiscal year ending March 31, 2026, and the 2026 Business briefing update.

My name is [indiscernible] And let me introduce the speakers today. The Director, President and Represent Executive Officer, Toshihiro Mibe.

Toshihiro Mibe
President, CEO, Representative Executive Officer & Chairman

Nice to meet you. My name is Mibe.

Unknown Executive

Director, Executive Vice President and Representative Executive Officer, Noriya Kaihara.

Noriya Kaihara
EVP, Representative Exe Off, Culture Transformation Officer, Compliance & Privacy Officer, Director

Kaihara speaking, nice to meet you.

Unknown Executive

Executive Officer and Chief Financial Officer, Masao Kawaguchi.

Masao Kawaguchi
Executive Officer & Director

My name is Kawaguchi. Nice to meet you.

Unknown Executive

Mr. Mibe will give you the summary of the financial status now, followed by Mr. Kaihara to talk about the FYE March '26 results and expectations for March '27. Later, Mr. [indiscernible] will give you the business updates for Honda. The floor is yours.

Toshihiro Mibe
President, CEO, Representative Executive Officer & Chairman

Thank you for sharing understanding towards Honda's business activities. I'll now explain our financial results for the fiscal year ended March 2026 and our outlook for this fiscal year.

First, a summary of results. In the fiscal year ended 2026, the EV business environment underwent significant change. In response, we swiftly reorganized our EV business and related investments. By the third quarter, we recorded EV-related losses of JPY 267.1 billion, including