Operator

Thank you for standing by. My name is Kate, and I'll be your conference operator today. At this time, I would like to welcome everyone to the TOYO Co., Ltd. First Quarter 2026 Earnings Conference Call. [Operator Instructions]. Thank you. I would now like to turn the call over to Crocker Coulson, Investor Relations for TOYO. Please go ahead.

Crocker Coulson

Thanks, Kate. Hello, everyone, and thanks for joining us to review TOYO's first quarter 2026 results. This morning, TOYO posted both the earnings release and a related investor presentation to our website, which you can find at investors.toyo-solar.com.

With me on the call today are Onozuka-san, TOYO's Chairman and Chief Executive Officer; Raymond Chung, TOYO's Chief Financial Officer; and Rhone Resch, TOYO's Chief Strategy Officer. We also have Simon Shi, Senior Board Adviser, who will be available during the Q&A portion of this call. After their prepared remarks are concluded, we're going to open up this call for your questions.

But before we begin, the financial results discussed on this call are for the first quarter of 2026 and 2025 are unaudited and some statements in this teleconference are forward-looking within the meaning of federal securities laws. Although we believe these statements are reasonable, we can give no assurance that they will prove to be accurate because they are prospective in nature.

During this call, we will also discuss certain non-GAAP financial measures such as adjusted net income