Today, I will explain the content shown here. Sales of continuing operations in FY2025 Q3 increased 1% compared to the same quarter of the previous fiscal year to 3 trillion 713.7 billion yen, and operating income increased 22% to 515 billion yen.

Both were record highs for the third quarter. Net income increased 11% to 377.3 billion yen.

The financial results by segment are shown here. We upwardly revised our full-year sales forecast from the previous forecast 3% to 12 trillion 300 billion yen, operating income 8% to 1 trillion 540 billion yen, and net income 8% to 1 trillion 130 billion yen.

We increased our forecast for operating cash flow 9% to 1 trillion 630 billion yen. The forecast for each segment is shown here.

Now I will turn to an overview of each business. First is the G&NS segment.

FY2025 Q3 sales decreased 4% year on year, primarily due to lower hardware unit sales. Operating income increased 19% year on year, primarily due to the positive impact of foreign exchange rates and the impact of increased sales in network services and first-party software, setting a record for the third quarter in this segment.

We upwardly revised our FY2025 sales forecast 4% from the previous forecast to 4 trillion 630 billion yen, and our operating income forecast 2% to 510 billion yen. User engagement trended well during the quarter, with the number of monthly active users across all of PlayStation in December increasing 2% compared to the last December to a record high of 132 million accounts, and total play time for the quarter increased 0.4% year on year.

Although conditions in the console hardware market during year-end selling season were more challenging than expected, we were able to steadily expand our PS5 install base in line with our original plan and exceeded 92 million units on a cumulative sell-in basis. While PS5 hardware unit sales have decreased moderately in the latter half of the console cycle, software revenue from the PlayStation Store reached a record high during the quarter, primarily driven by the contribution of major third-party franchise titles and new hit releases.

PlayStation Plus significantly contributed to the results of the quarter as the shift to higher tiers of the service continued. As for securing a supply of memory, we are already in a position to secure the minimum quantity necessary to manage the year-end selling season of next fiscal year.

Going forward, we intend to further negotiate with various suppliers to secure enough supply to meet the demand of our customers. Given the stage of our console cycle, our hardware sales strategy can be adjusted flexibly, and we intend to minimize the impact of the increased memory cost on this segment going forward by prioritizing monetization of the install base to date and striving to further expand our software and network service revenue.

In the studio business, Ghost of Yōtei, a tentpole title we released in October, exceeded the sales of the previous title in the same period of time and significantly contributed to the financial results of the quarter. Our established live service titles like Helldivers 2 and MLB The Show also contributed stable recurring revenue.

We expect that Marathon, which is scheduled to be released on March 5th, will be enjoyed by many users thanks to Bungie having strengthened the gaming experience. Next fiscal year, we plan to release new titles such as Saros and Marvel's Wolverine, and we intend to enhance our effort to increase the revenue of our studio business.

Next is Music segment. Primarily due to an increase in live events sales and streaming revenue in recorded music, FY2025 Q3 sales increased 13% year on year.

Operating income increased 9%, reaching a record high for the third quarter, excluding one-time items. On a U.S.

dollar basis, streaming revenues for the quarter increased 5% year on year in recorded music and 13% in music publishing. We upwardly revised our sales forecast 4% from the previous forecast to 2 trillion 50 billion yen, and our operating income forecast 16% to 445 billion yen.

We incorporated a remeasurement gain of approximately 45 billion yen from the acquisition of an additional equity interest in Peanuts Holdings in the forecast for operating income. SMG artists delivered hits during the quarter, and the sales of SMG continue to increase by double digits year on year like in the previous quarter.

Rosalía's new album, LUX, reached number one globally in its first week on Spotify, and Peso Pluma's collaborative album, Dinastía, is one of the most streamed on Spotify. These global successes and global hit artists are the result of SMG's strategic focus on discovering local artists and supporting their musical endeavors.

Many SMG artists and songwriters received accolades and nominations at the 68th Annual Grammy Awards held in the U.S. earlier this month, with Bad Bunny winning Album of the Year for De Billetes Más Fotos as Beyoncé did last year.

In Visual Media and Platform, the theatrical release of Demon Slayer: Kimetsu no Yaiba the Movie: Infinity Castle, which has exceeded 100 billion yen in global box office revenue, continued to contribute, and the mobile game Fate/Grand Order, which celebrated its 10th anniversary in July 2025, contributed more to our results than expected. Next is the Pictures segment.

FY2025 Q3 sales decreased 11% year on year, and operating income decreased 9%, primarily because the same quarter of the previous fiscal year benefited from the contribution of the blockbuster film Venom: The Last Dance and licensing revenue from other theatrically released films. Our forecast is unchanged from the previous forecast.

In January, SPE signed a new Pay-1 licensing agreement with Netflix. Through this agreement, Netflix will stream on a global basis SPE's future theatrical films in the Pay-1 window, the initial window within long TV licensing period that follows the theatrical and home entertainment periods.

This agreement is an industry-first global licensing deal that will enable SPE to secure an even more stable revenue base during the period of the deal. Furthermore, the signing of this agreement is proof of SPE's excellent production capabilities and the power of its appealing IP.

As an independent production company, we will continue to pursue other licensing opportunities with a wide range of distribution partners beyond the Pay-1 window. Now, I will explain our additional investment in Peanuts IP, which we announced in December as an initiative that spans our Music and Pictures segments.

Through this transaction, Sony will gain ownership of 80% of Peanuts Worldwide, which owns the rights and manages the business of Peanuts IP, one of the world's leading evergreen IPs. While closely collaborating with the family of Mr.

Schulz, the creator of Peanuts, which owns the remaining 20%, we aim to further grow the scale of the business and further increase the value of the brand over the long term by leveraging the strengths of the Sony Group. Specifically, we aim to enhance SMEJ's music, video, and event business by leveraging Peanuts IP and collaborating with SMEJ's artists and content.

Furthermore, by utilizing SPE's production capabilities and distribution network, we aim to make Peanuts IP more accessible, a wider audience, and share its charm with people all over the world. The transaction is expected to close during the current fiscal year, subject to certain closing conditions, including regulatory approvals by the relevant authorities.

Next is the ET&S segment. FY2025 Q3 sales decreased 7% year on year, and operating income decreased 23% year on year, primarily due to the impact of lower sales, partially offset by an improvement in operating expenses.

Our full-year forecast remains unchanged from the previous forecast. Despite a continued decline in sales in China due to reduced government subsidies and weakness in the overall market during the shopping season for Singles' Day, demand in the global interchangeable lens camera market during the quarter remained strong year on year, mainly in Asia.

The Alpha 7 V, released in December, has been selling well as a new product for the volume zone of the full-frame mirrorless single-lens reflex camera market, and we expect it will continue to contribute to sales in the fourth quarter ending March 31st, 2026. Regarding the impact of the situation in the market for memory, we're almost in a position to secure the quantity we need through the year-end selling season for next fiscal year.

We will continue to monitor the situation while working to minimize the impact on profitability. On January 20th, Sony signed an MOU with TCL aimed at forming a strategic partnership in the home entertainment field.

In the MOU, both companies agreed that a joint venture between the two companies would operate Sony's home entertainment business, and we are negotiating the details with the intention of executing a definitive agreement by the end of March. By leveraging Sony's high definition and high fidelity technology, brand strength, and operational management capability while utilizing TCL's advanced display technology, cost competitiveness, and vertical supply chain strength, the joint venture aims to further strengthen the competitiveness of this business and realize sustainable growth.

Last is the I&SS segment. FY2025 Q3 sales increased 21% year on year, and operating income increased 35%, both of which were record highs for the third quarter for the segment.

These are primarily due to an increase in sales volume and unit prices of mobile image sensors. We upwardly revised our sales forecast 5% to 2 trillion 80 billion yen, and operating income forecast 13% to 350 billion yen, primarily driven by the increase in sales volume and sensors for mobile devices and the impact of foreign exchange rates.

Mobile image sensor sales during the quarter increased significantly year on year due to a gradual recovery in the smartphone market, strong shipments for new products from our major customer, and a higher die-sized sensor. Because recent orders are stable, we believe that the supply chain concerns we mentioned at the previous earning announcement have receded, and we have upwardly revised our annual shipment forecast for mobile image sensors.

Going forward, we think that the impact of the situation in the memory market will become more apparent, mainly in the form of fewer smartphone made, primarily for the low-end market. Since Sony's image sensors are primarily for the high-end market, at this time, we think the impact will be relatively small.

We will continue to monitor the situation while keeping in close contact with our customers. In addition, we are continuing to take action to address low-margin business, as we mentioned at the previous earning announcement.

As a part of that, we have incorporated additional expenses for resource and asset optimization of the relevant business in our forecast for FY2025 Q4. We will continue to focus on improving our business portfolio and raise our profitability.

To summarize, the G&NS, Music, and I&SS segment achieved record high operating income and are driving the profit growth of the Sony Group overall this quarter. We believe that the structural profitability of the group is further improving.

Given the continued uncertain business environment, we plan to carefully manage our business and consistently produce results as we approach the fiscal year-end. We intend to take actions this fiscal year to get off to a good start next fiscal year.

As for shareholder returns, today, we increased the maximum of our share repurchase facility established in November 2025 from 100 billion yen to 150 billion yen. This concludes my remarks.

Yes, I'm Umegaki from Toyo Keizai. Can you hear me?

All right. I'd like to ask two questions.

The first question is about Marathon, and it's going to be released on March 5th, I understand. It has been delayed, and what kind of considerations did you have until you decided to have this?

In the past, there are cases that that's been short, but what kind of learning did you have? For the live service game, and what is the strategic significance of having that?

This kind of platform, I think, but to have a quite a number of platforms, what is the significance for the group to have such platforms?

Yes, thank you for your question. As for Marathon, well, it has the user tests, and then from the users had feedback on Marathon and in the game.

What was the good points and not good points, and such kind of feedback we had taken into consideration, and we had modified. This time around, after the modification, we are very confident to release it on March 5th.

Live service, the games, significance, you ask, but here, what is most important for us is that the live service is a recurring revenue. Recurring revenue means that the hit-driven, and if it becomes a hit, then for a year, it can bring revenue.

If not become hit, then no revenue. It's not the volatility high studio, but it's going to give us a constant amount of revenue every year.

That's the merit of having a hit live service. It's not that we want to have so too many of them.

It's not what we want to have. The ideal is that so-called AAA and live service game would become integrated into a portfolio management style.

That's it for me.

The second question is about your stock price. You had announced your earnings results and it was ¥3 plus, but it's almost flat.

That the market valuation is quite severe, I think. The stock performance is not good because the memory had risen, but it seems that there has been a harsh view on the Sony Group.

What do you see as a CEO? You have announced the share buyback, but the market capitalization, in order to raise the market capitalization, do you have any continuous way to keep that going up?

All right. Thank you for your question.

About the stock price, we had several information revisions, but it's not performing well. I think you have various thoughts about that, but one thing is that memory, the concerns for the memory supply, and as the industry, yes, that this one concern, and the other is the entertainment stock.

Generally speaking, it's because the capital AI-related would go to the AI-related. I think that's why, and then for us, what we can do is that as a business, we'll look at the fundamentals to make it even stronger, and the profitability we would improve so that the portfolio can be optimized.

For us, Sony, long-term strategy, we would believe in that so that we would implement that so that the business performance can be improved. Such measures would be communicated message to the stock market so that the stock market would value our approach, and we are going to put our efforts into it.

That's all for me.

Yes, we hear. I also have two questions.

First, about ET&S structural reform. Today, you have mentioned that the TV business you're going to move to joint venture with TCL.

You talked about synergies. Separating the TV business, what's the intent of that?

The home entertainment, what's the scope? I'm sure that the details are being still discussed, to the extent possible, can you describe the range that this covers?

Also smartphone also positioned as structural reform business, and you have hitherto explained that they will be continued. Has there not been any change to that status?

Is an option to collaborate with external source? Thank you.

For the smartphone, we don't have such plans. With TCL, we have a strategic partnership for home entertainment.

This is about the review of portfolio, and we are constantly doing that to deal with the changing business environment. Optimizing that is the management mission.

Sony has assets that we have accumulated over many years, and we're combining that with the strengths of TCL. Home entertainment business, including TV, can grow more through this partnership.

That is the background to this partnership. The scope of what business to be covered, Horii will explain.

Thank you for the question. This strategic partnership, the scope of that, as you point out, it's TV and home audio.

Those are the areas that we assume will be included. As you point out, the details are still being discussed, at an appropriate timing, we would like to communicate to you.

At this point of time, TV and home audio will be included in the scope.

Thank you. Second question about the game business.

This was mentioned in the previous question. With the surging memory price, you have secured the supply until the next year-end campaign.

You maybe have secured the supply, but would there be impact of the rising prices? For example, PS5, any price increases, or the successor, the timing that it'll be introduced, and what will be the impact to next fiscal year?

Can you give us your assumptions, please?

PS5 next fiscal year and onwards, what will be the impact there? For the business results for next fiscal year, we would like to inform you at an appropriate time.

Our thinking is what we'd like to share with you. That is PS5, since launch, it's in the sixth year.

So 92 million unit install base on a sell-in basis we already have established. We have been able to develop a very robust ecosystem.

This fiscal year as well, the majority of the sales is software contents and network service. These areas next fiscal year onwards are going to continue to make significant contributions, and that will be the part that will not be impacted by the memory price.

Now, as for the new PlayStation hardware sales, due to cost increases, there will be some impact. However, it's in the latter part of the lifecycle.

That means that in terms of hardware sales, it's been expected all along that it will gradually decline or slow down. There are several or a wide range of choices or options that we can take.

That's our basic thinking there.

Thank you.

This is Nakayama from Yomiuri. Do you hear me?

I have two questions. Number one, about music, the streaming revenue growth rate, do you think the music streaming service will continue to do well?

We would like to hear your prospects. About I&SS, the image sensor for mobile, do you have any background on the increase in the unit price of image sensors for mobile?

I will answer the question on the music business first. The music market we see will continue to grow in the mid- to long-term.

Of course, the extent of growth will differ due to the timing, but we believe there will be a constant growth of to about 5% to middle to latter single digit. There are two drivers to this.

First is DSP, that is platform that we offer service on. The ARPU or ARP is going up.

Also the number of users going up, the average revenue per user and the number of user going up is driving the growth. The second point about I&SS semiconductor, Hori will answer.

The sensor, this is the background of increase in the selling price of mobile sensors. As in smartphone products, the camera feature is a main reason for increasing price.

The smartphone manufacturers are working to increase the camera resolutions as well as the camera features. The image sensors that we provide to the manufacturers, we want to increase the size as well as increase the resolution and add new features.

Large-scale image sensors as well as increased performance is leading to higher price. That is really contributing to our results this year.

That's all.

Thank you.

Yes, my name is Yamamoto. Let me ask questions.

About the structural reform and TCL, you have the strategic alliance, but the display to have the higher resolution and the home entertainment, I think though you have the high resolution, I think it is contributing that technology and also the common kind of R&D, do you separate the two, the technology and the common R&D base, in order to have the next phase of development? About the strategic alliance, would you tell us your direction or your strategy?

Yes, thank you for the question. First, we have the basic agreement, and for the technology and for what kind of asset can we have to the joint venture to have the definitive contract.

We are in discussion in order to aim for the final agreement. If it is confirmed, then we would tell you when it is confirmed.

Can you hear?

Excuse me. This is Seno from Mainichi Shimbun.

Earlier, you talked about the PlayStation 5 lifecycle that you're entering the latter half of the lifecycle. Last November, you talked about Japanese dedicated model for PlayStation, a relatively cheap, lower-priced model for the Japanese market.

What's the reason for introducing this kind of model in the latter part of the lifecycle? What will be the impact to the financial results?

Has there been impact from introducing this new model? Thank you.

The Japan model introduction, well, that was to enhance the presence of PlayStation in the Japanese market. It's one part of that effort.

Compared with the global model, it was more reasonably priced. Publishers and users appreciated that more affordable price.

After launch, in terms of sell-through, it has created an uplift. Now so this was not a special model just for that seasonal effort, but for the mid- to long-term for the Japanese market, we think that this had a strategic significance.

We want many users to buy this so that publishers will make great games. We think, in that regard, this will have a mid- to long-term impact.

Now it's time to conclude the Q&A session for the media. The Q&A session for investors and analysts will start from 45 past 4:00.

We will be starting the Q&A sessions for investors and analysts in due course, please wait until we resume. Thank you for waiting.

We will now begin the Q&A session for investors and analysts. I am Kondo from the IR Department, and I will be your moderator.

The speakers will be the same three individuals as in the media session. We will now start the Q&A session.

Please keep to two questions, and please ask both of the questions at the beginning. Please click the Raise Hand button in the Webex screen if you have any questions.

JPMorgan, with Ayada-san, please.

Thank you. I'm Ayada from JPMorgan.

I have two questions. The first question is about gaming.

What do you think about the status of play time and spending in the holiday season? Active users have grown up 2%, but play time is flat.

Software network revenue is going up, but thinking about the price up, I think in terms of value or volume, it's more or less flat. It seems like it's dwindling a little bit.

Is it because of the economic cycle, business cycle, or console cycle? Or is this an impact from the title lineup?

Or are people using time for things other than game? We would like your take on that.

Your second question, this might be an abstract question, the impact of AI to the entertainment industry, how should we see that? For music production and game development, already 90% of creators use AI, based on the data.

By the creators using AI, if there's more content, that would be a very positive effect on platforms such as PlayStation and Crunchyroll. Or if users use more of their more time in casual contents using AI, would that be negative?

I think the repercussions will be different whether it's music, anime, games, or video production. Please share your view.

Thank you for the question. About the engagement of games in the holiday season, I think this is transitioning quite well.

Of course, the play time, I think there are many factors influencing the play time, but I think the biggest factor I think is whether there's are hit games. Up till now, the games, maybe the large-scale games which everyone has been playing up till now, the engagement has gone down, and instead the players are playing new games.

As a platform, we see a momentum, but depending on the game title, how that is played and the play time will be different. Towards the next fiscal year, the large-scale titles will be launched, I'm very optimistic about this.

About how we see AI, as you say, music, game, and animation, the how AI is used or the positioning of AI is different. There is high affinity between AI and game and animation.

In the long term, I think it's a very positive thing that there are will be more contents. There would be impact in many areas, especially how you develop and produce.

This process from idea to game, I think, would be changing. It's still early in the day to say what the impact would be and what would be the impact on the cost.

At this point of time, it's difficult to really say, but what we can say right now is to use a lot of AI. We promote using AI, especially in game production.

If that disrupts the existing process, we should be the one disrupting rather than the one being disrupted. That's all.

Thank you.

Thank you. All right.

Next question from BofA Securities, Hirakawa.

Yes, BofA Securities, my name is Hirakawa. It's rather abstract question, but this is the second year of the mid-term business plan, but the operating profit, the growth is like 10% average as you go, and then this year, it has progressed very smoothly.

The concern for the market is that the next year, the profit level, because of the memory or the untransparent price movements, then it might not be so smooth. Then what I want to ask you here is now in the mid-term business plan, what kind of a certainty do you have, and what kind of risk factors do you have in achieving, or what kind of upside do you have?

If you can allude to that, it's the first question. Then second question is about what you have said.

Image sensor, I&SS, what have heard is a high end is so ASP rise and the volume expansion, you can have both. That I think was the main thing that you wanted to message to us.

Thank you for the question. About the mid-term plan, the second year, and we are going on quite smoothly.

Yes, that is the feeling we have. About the memory price surge, and we can understand the concern from the market about this.

This earnings results for the next year, I think we can go into this more deeper, but basically speaking, we would have that momentum very strong here, and the memory cost rise, we have to manage that. That's the kind of direction we have, and the profitability, of course, we have in mind.

For the attainment of the mid-term plan, how certain we are or how confident we are, it depends on each business segment. Let's say game and Sony Pictures, next year's software lineup is quite good, for those segments, I think we have quite a positive kind of outlook.

For the detail, I don't think I can go into here. When the earnings results for the 2025 fiscal year, I can maybe tell you more about it.

The ASP and the semiconductor and the volume, okay, for this question, I would like to ask Hori-san to answer.

All right. Thank you for the question.

In the speech, we have said that this year, what we have seen this year, okay? What we are seeing SP and the volume, also we have a momentum.

For next year, it's like a launch pad, let's say, that it's in a good position. I think we can say that we're in a positive position.

Having said that, in the semiconductor business, there's other businesses like game, and so memory market condition effect, and let's say the selection or the options range is different, is what I feel. The final product manufacturers, well, what kind of measures would they be taking because of this memory market condition?

We would like to have a close contact, communication with the customers so that we can have a good understanding of each of the customers we have. That's the procedure we take, but I think we are rather in a passive mode concerning this because of this kind of characteristic business.

For next year, I think we have a good launch pad in place, and that's exactly as what you have pointed out. Thank you.

Next from Mizuho Securities, Nakanome-san, please.

Thank you. Can you hear?

Yes, we hear you.

Thank you. Two questions.

First, expanding the share buyback. Before you used it up, the facility is being expanded.

I think this the first time you're doing that. You have higher cash flow, stock price is low, I think those are the backgrounds.

Talk about what discussions you had in the board meeting, and what's the message of expanding this facility in addition to what's in the release? That's the first question.

Second, about the home entertainment separation. From development, design, manufacture, that part, I think it's easy to separate cleanly, but for sales, you have the common platform, and domestic and overseas, I think it's still quite a huge size.

I understand that the details are still to be worked out, but for the next fiscal year, in terms of sales, how is it going to be handled? On the ET&S side, inclusive of structural reform, is there possibility of some adjustments to be made?

Give us some clues, please. Thank you for the questions.

First, about increasing the facility to repurchase shares. As you say, the business results and the cash flow is better than anticipated, we want to increase our returns based on that.

In terms of the window, that is up until middle of May, 50 billion increase is what we've decided on this time. The company's momentum of earnings and the fundamentals, we are confident about that.

That is the message that we would like you to take from this increase in the facility. About the ET&S, for next fiscal year, basically, ET&S will continue to operate, it will have its budget in the same way, and we will communicate in that way.

For the joint venture, it's to start from April of fiscal 2027. In terms of the additional structural reform for the portfolio, it's always dynamic.

Looking at the business situation, it's our job to optimize that. It's one of our main missions.

As of now, nothing has been decided yet. That's all.

Thank you.

I am Katsura from SMBC Nikko Securities. I have two questions on game and semiconductor.

About the gaming question, this quarter, the how we see the profit, the third quarter, the compared to the real profitability of second and third quarter—first and second quarters, I think the third quarter profit has gone down. This is about about the domestic version of hardware and you did also promotion activity.

Also the procurement side, there has been maybe you purchased a memory in order to secure the inventory. The landing of the third quarter and also the full year, the postponement of first-party title might be a negative factor.

These numbers seemed a little bit low. Maybe you have included some of the countermeasures towards next term.

The second point is I&SS. You said you will be taking measures in the fourth quarter.

If you can say, we would like you to share us the the scale of this measure. My question is about your plan towards the next year.

Thank you for the question.

About the third quarter profitability for gaming going down compared to the first and second quarter, the main reason was the end of the year sale promotion of the hardware. In addition to the Japan domestic model, we did global promotion.

That led to many users purchasing the console. Due to that, the profit went down in the third quarter, but this will contribute to the mid- to long-term lifetime value.

Towards the end of the fiscal year, as of now, the inventory, we do not have any plans to do anything extraordinary on the inventory. I&SS, we have factored in a part of that into the fourth quarter.

Horii will respond.

As we have explained, the business balance within I&SS segment and some of the assets depreciation, amortization done in acceleration. This type of treatment is currently being processed.

About the scale, about 20 billion. This one-time cost of 20 billion will factored into the fourth quarter.

Thank you.

All right. We have not much remaining time, the next question is going to be the last.

Excuse us, but please keep your question just to one. Ms.

Munakata from Goldman Sachs, please.

Yes, my name is Munakata from Goldman Sachs. Thank you very much for giving me this opportunity to ask question.

I think you have been saying about the generative AI. I'd like to ask question about that.

Last week, Project Genie was announced, and basically speaking, generative AI, I think has opportunity and also a threat. In the stock market, the generative AI, the creation might be done by that so that a very interesting game can be made in an instant so that I think a threat is more strong here.

In the game creation, there has been some comments that to have it in a positive manner, but with a generative AI developing, what is the strengths of your game studios and game development? What is your strengths in that?

I appreciate you to answer this question. Thank you.

About the generative AI, in various ways, there are trials going on, and now is in a test stage, I think. They're very interesting things that's happening, but I think it's before the commercialization.

As for game, it's not just game, but so AI, I think it can be in a toolbox that there's a very strong tool in the toolbox. That's kind of a feeling we have against AI.

Tool itself, it's not going to be a business. I think we need the sensitivity of artist and the tool to integrate in order to have another business chance or to have entertainment.

That's the kind of understanding we have. In that sense, AI, I don't think it's a threat, but so that the creators can use AI fast way, and then we are going to help them make it into commercial products.

I think that's the Sony's mission. Thank you.