Lavanya Wadgaonkar
Chief Communications Officer

Good evening, everyone. Welcome to Nissan's Full Year Financial Results for Fiscal Year 2025. I'm Lavanya Wadgaonkar from Global Communications, and I'll be your host for today. Today's session is scheduled for 45 minutes. We have both on-site and live streaming happening at the same time. Let me start by introducing the speakers for today, Ivan Espinosa, Chief Executive Officer; George Leondis, the new Chief Financial Officer. Without much ado, I'll hand over to Ivan to start the session.

Ivan Espinosa
President, CEO & Representative Director

Good afternoon, everyone. Thank you for joining us today. It has now been one year since we launched the Re:Nissan plan. And during this period, we have maintained a clear focus on execution and the progress has been steady despite an operating environment that remains uncertain. This progress reflects the disciplined efforts of our employees and the continued support of our partners. Together, we have taken decisive actions and have begun to establish a more resilient operational and financial foundation for Nissan. Today, George will present our financial performance for fiscal 2025 and the outlook for this year. And then I will provide an update on the progress of Re:Nissan. George?

George Leondis
Executive Officer & Chief Financial Officer

Thank you, Ivan, and good afternoon, everyone. I'm happy to meet you all in my new role as CFO for Nissan. Let me start with our sales performance. Nissan sold 3.15 million vehicles during the year. Unit sales declined by 5.8% for the full year with a decrease of 5.9% in the final quarter. This performance reflects a competitive uncertain environment