Unfortunately, our consolidated business results for the first quarter of the fiscal year ending March 31, 2024 (April 2023 to March 2024) failed to satisfy the expectations of everyone as the challenging situation persisted. However, despite the unpredictability of the situation, the volume of orders is gradually increasing and is on the road to recovery.

In the meantime, we were able to hold our annual shareholders' meeting on May 31 in a hybrid participatory format, either at the venue or online, which was attended by many KIMOTO fans again this year. We really appreciate all those who took time out of their busy schedules to attend and watch the meeting. We truly appreciate your participation.

Regarding topics for the first quarter of the fiscal year ending March 31, 2024, the film business is showing signs of a gradual recovery in the smartphone and automobile industries, which had been stagnant due to the global shortage of semiconductors, and orders are increasing mainly in East Asia and Europe. We will continue to strive for sales expansion activities while sharing information worldwide.

The Engineering Division has started a division of labor system by fundamentally reexamining the nature of its work with the goal of quadrupling the number of product launches. Based on the hypothesis that man-hours can be dramatically increased by dividing the development process between design and experimentation, we are now performing testing work at the factory, where multi-skilled workers are increasingly being employed. As a result of these efforts, the number of man-hours for design and experimentation has increased, and the hypothesis has been proven. We will continue to develop new products and technological innovations in manufacturing to continue enhancing productivity.

In the DigitalTwin Division, we are advancing to contribute to the manufacturing and civil engineering industries through DX. As one of these initiatives, we held a seminar called the 'KIMOTO DX Seminar' for new customers, targeting the manufacturing and construction industries, over a total of two days, one day each. This year, we held it in Fukuoka, Osaka, and Sendai. It was our company's first paid seminar, conducted in a face-to-face format. By making it paid, customers participated with their own challenges, and we shared practical examples based on our past achievements, making it a meaningful seminar for both parties. We have also seen results. We will continue to consider various strategies and work to contribute to our customers.

We would like to thank all KIMOTO fans for their continued support.