Mitsuo Ohya
President, CEO & Representative Director

Thank you very much for joining us today despite your busy schedule. On behalf of Toray Group, I'd like to take this opportunity to extend my gratitude towards your continued understanding and your interest in our management and business activities. Now I'd like to report Toray's business results for the fiscal year ended March 2026 and the business forecast for the fiscal year ending March 2027.

Now I'd like to follow the table of content shown on Page 1. This is a summary of the business performance and forecast. Core operating income of FY 2025 slightly decreased year-on-year to JPY 141.9 billion due to effects from the stagnant market conditions and inventory adjustment despite the promotion of structural reform and strategic pricing. Core operating income of the fiscal year ending March 2027 is forecasted to increase year-on-year to JPY 160 billion, given the profit increase driven by business expansion in the growth business fields and promotion of the structural reform while factoring in the risks associated with the situation in the Middle East.

In terms of annual dividend, the company plans to pay JPY 26 per share of common stock, a JPY 6 increase compared with the previous fiscal year. This dividend includes a JPY 3 of commemorative dividend to mark its 100th anniversary as part of the interim dividend. I will explain the details starting from the next page.

I'd like to begin with an overview of business results for the fiscal year ended March 2026. Please turn to Page 4. Revenue for the fiscal year ended March 2026 increased 0.9% to JPY 2,585.1 trillion compared with the previous fiscal