Hello, this is Isobe. I would like to give you the outline of the financial results.

The overview of the financial results for fiscal 2025 starting with Service Solutions. Revenue for fiscal 2025 was 2 trillion 346.9 billion yen, up 4.5% from the previous year.

Excluding the impact from the business restructuring, actual revenue was up 5.6%, and from business in Japan, it was up 8.3%. This growth was mainly driven by Uvance and modernization business.

Revenue in Uvance was up 47%. Revenue in modernization was up 24% from the previous year.

This surpassed the Mid-Term Management Plan's goals. Adjusted operating profit was 361.4 billion yen, up 25% year on year.

Adjusted operating profit margin was 15.4%, improvement of 2.5 percentage points. In addition to benefit of the higher revenue, we also made steady progress in improving the profitability.

As a result, adjusted operating profit was mostly in line with the plan. This shows the overview of the consolidated total results.

Revenue was 3 trillion 502.9 billion yen, down 1.3% from the previous year. Excluding the business restructuring impact, it was up 0.9%.

Revenue in Service Solutions increased, but the revenue in Hardware Solutions and Ubiquitous Solutions declined. Adjusted operating profit was 390.5 billion yen, up 27%.

Each business segment posted higher profits, up 10.5 billion yen from the announcement in January. Consolidated total adjustment profit was also surpassed last year's record-high profit.

Net profit prior to adjustment was 449.4 billion yen, up 229.6 billion yen year on year. In addition to increase in profit in our main business, gains from the sale of Shinko Electric and General also contributed significantly.

This shows the cash flows and the cash generation both increased steadily. Excluding one-time cash flow inflows and outflows, core cash flow was 289.9 billion yen, an increase in inflows of 56.2 billion yen, up 24%.

This was due to increase in profit in our main business, as well as improvement in working capital efficiency. Free cash flow, 482.6 billion yen, increase of inflow in the 267.9 billion yen year on year.

This shows the improvement of core cash flow, as well as the proceeds from the Shinko Electric Industries and General. Next, I will provide an overview of the results of each segment.

Each segment review will be explained in the following page. This shows the adjusted operating profit and consolidated results prior to adjustment, which includes one-time gains and losses.

At the top is the adjusted consolidated results, which reflect our main business, which achieved record high. At the bottom is the consolidated results prior to adjustment, and the operating profit was 348.3 billion yen, net profit was 449.4 billion yen.

As for operating profit, although we recorded adjustment items such as business restructuring expenses and PPA, there were gains from the sale of Shinko Electric and General that contributed to this number. Next, I will provide the breakdown of the results for each segment.

Service Solutions. I omit the explanation of the figures because I already mentioned them, but starting from the next page, I will provide overview of the segment's results.

Service Solutions, this shows the breakdown of the changes in the adjusted operating profit of Service Solutions. The fiscal 2024, the adjusted operating profit for the Service Solutions was 289.9 billion yen.

This is a starting point, and then the profit increased by 41 billion yen from the benefit of higher revenue, and this was mainly due to revenue growth in Japan. Secondly, profit increased by 43.7 billion yen.

Profitability improvement contributes to this, and standardization and automation of development work, as well as the benefits of using AI in the development process are beginning to emerge, and this led to the 2 percentage point improvement of gross margin. Next, profit decreased by 13.2 billion yen because of the accelerating investment which is directly linked to business growth, such as developing Uvance offerings, bringing together expertise regarding modernization, and consulting.

Bringing them together, profit increased by 71.4 billion yen. As a result, adjusted operating profit in fiscal 2025 for Service Solutions was 361.4 billion yen, up 15.4%, an improvement of 2.5 percentage points from the previous year.

I will explain the waterfall chart. We will look at the status of orders, which shows orders in Japan.

Total orders in fiscal 2025 in Japan were up 2%. Excluding large-scale deals that have contract spanning several years, orders were up 8%.

Demand remains robust mainly because of the digital transformation projects. I will explain on each industry segment.

Enterprise segment, almost the same level as last year. Excluding large-scale multi-year deals, orders were up 6%.

Manufacturing-related demand, there were some cases in which individual customers narrowed down their IT investment due to uncertainty, but demand related to DX continued to experience strong growth. We also made progress in expanding our market share, and there was an overall trend of growth throughout the entire year.

The finance segment, orders were down 6% year on year. Orders were up excluding the impact of large-scale multi-year business deals.

We were able to increase orders by systematically organizing the offerings accelerating DX at financial institutions, introducing new offerings for both accounting processing and branch solutions. Public healthcare, orders were up 5%.

Excluding large-scale multi-year deals, orders were up 8%. Mission-critical, orders were up 2% from the previous year.

Excluding large-scale multi-year deals, orders were up 13%, mainly orders in national security-related defense projects saw strong growth. Overall, Japan business continued to experience favorable conditions, with a particularly strong demand for DX sustainability transformation, and going forward, we will continue to propose highly value-added offerings under the guidance of our Uvance Wayfinders, and would like to make the reliable, productive delivery teams efforts.

This shows the order backlog in Japan. The 2025 total order backlog was 1 trillion 127 billion yen, up 7% year on year.

Out of this, expected growth of revenue for fiscal 2026 is 1 trillion 33 billion yen, up 10%. Given these orders and the condition of our pipeline, 2026 revenue is projected to be 1 trillion 960 billion yen, up 11%.

The order backlog coverage ratio is 53%, which represents progress that is almost on par with previous years. The remaining revenue that is not covered by our existing order backlog will need to be secured by winning new orders in fiscal 2026.

It is not shown on this slide, but the numbers of deals in our pipeline at the end of 25 that have some potential lead to orders, which is 6% higher year on year, and we have sufficient resources to achieve our target. Next, I will go to overseas orders.

In Europe, fluctuations in deals are seen, but the orders for full year were on par with the previous year. Americas and Asia-Pacific region, orders were down due to large-scale multi-year business deals, but mainly for public sector.

This shows the Uvance, which is a main driver. At the top shows the orders in fiscal 2025, 727.5 billion, increase of 33%.

The graph at the bottom shows the revenue. Revenue in 25 was 709.3 billion yen, up sharply by 47%.

Vertical areas, mainly data and AI, rose very sharply, up 69%, exceeded our target level of 700 billion yen. Within Service Solutions, the revenue from Uvance increased from 21% in the previous year to 30%.

Another pillar is Modernization. Our orders in fiscal 2025 were 399.2 billion yen, increase of 4% year on year.

There were some large-scale multi-year contracts, but we were still able to exceed that level in fiscal 2025. Overall revenue in fiscal 2025 was 392.1 billion yen, increase of 32% year on year.

Demand for Modernization business was very strong, clearly exceeding our target level of 330 billion yen. Excluding the overlap from Uvance, revenue from services was 249.7 billion yen, increase of 24% year on year.

Within Service Solutions, composition of revenue from Modernization increased to 11%. This shows the status of improvement to profitability and gross margin.

Improvement in profitability led to positive effect of adjusted operating profit increasing by 43.7 billion yen. Gross margin saw improvements of 2 percentage point improvement in fiscal 2025.

There were also improvements in the standardization of development process, automation, and expansion of standardization of delivery model. Use of AI in a delivery process, we are making progress on expanding our generative AI development environment, which enables the use under secure conditions in Japan and 36 other countries.

There is still only limited number of projects for which entire development process is carried out on our AI-driven development platform, only a portion of projects have benefited from productivity improvement. By expanding the usage of AI and extent to which it is incorporated, we believe that we will be able to improve productivity going forward.

By providing higher value-added services through improved service quality and speeding up our delivery, we will continue to achieve sustainable improvement in productivity. Next page shows the overview of each subsegment in Service Solutions.

Each subsegment posted a higher profit year on year. Global Solutions.

Excluding the impact of restructuring, actual revenue was up 9.9%, adjusted operating profit 33.3 billion yen, up 27.6 billion yen year on year. Main driver behind this was the growth of Uvance.

The adjusted operating profit margin was 6.2%. We will continue to further improve this figure by increasing revenue.

Regions Japan, revenue was up 4.3%, adjusted operating profit 293.9 billion yen, up 33.6 billion yen from the previous year. Business increased due to the demand for DX and Modernization.

The business is growing, and also we made progress on profitability improvement, were able to secure the significant increase in profit while also increasing our investment. The adjusted operating profit margin here was 21.5% rather, improvement of 1.6 percentage point.

International Regions, revenue declined by 2.5%. This was mainly due to the prior year's large-scale contracts in public sector in Oceania.

Adjusted operating profit was 34.1 billion yen, up 10.1 billion yen year on year. The adjusted operating profit margin was 5.9%.

These numbers are still low, but our portfolio transformation and restructuring efforts have allowed us to improve this much. Next, I will talk about the other segments other than Service Solutions.

Hardware Solutions. Excluding the impact of changes in accounting, the revenue declined by 5%.

Adjusted operating profit was 67 billion yen, up 5.7 billion yen year on year. System Products, excluding the impact of changes in accounting, revenue declined by 7.3%.

This was due to large-scale business deals in public sector, and scaling down in the scale of sale of third-party products, as well as downsizing in the unprofitable business in Asia. Profitability improved as a result of changes to our revenue structure, and also the integration of production and sales at Fsas Technologies improved efficiency.

Network Products, revenue increased by 6.6%, and this was partly due to recording earlier than expected revenue from base stations business. 1Finity also contributed to business efficiency.

The top part of this page shows the Ubiquitous Solutions. Revenue declined by 8.7%, but adjusted operating profit was 38.8 billion, up 7.4 billion.

Although demand because of the end of support for Windows 10 wound down, we succeeded in our efforts to increase our sales and high-value-added business. The bottom shows the intersegment eliminations, and R&D areas such as AI, quantum computing, and next-generation are moving forward.

Now I'd like to talk about the cash flows. Excluding one-time factor, core cash flow was 289.9 billion yen, increase of inflow of 56.2 billion yen.

In addition to growth in profit, progress was made in bringing higher efficiency to working capital and cash generation. At the bottom, free cash flow was 482.6 billion yen, up 267.9 billion yen in inflow.

Core cash flow improved, and also from Shinko Electric and General, the sale of these companies made significant contribution. This shows the adjustment items from cash flow and one-time factors.

I omit the explanation of this page. Next shows the assets, liabilities, and the equity.

I skip the explanation of this page. From now on, I'd like to talk about the review of our Mid-Term Management Plan.

First, I will talk about the trends in consolidated adjusted operating profit. At the top is revenue.

Dotted line shows the adjusted operating profit margin, and the bar graph shows adjusted operating profit, and at the very bottom is core cash flow. We made progress in transformation and human resource portfolio, and we made improvement in profitability and cash generation.

This shows the consolidated non-financial indicators. We are also making progress here, but I skip the explanation on each of these indicators.

Like the prior page, this slide shows the trend in actual results for Service Solutions. Revenue in the segment grew in Japan.

This increase was mainly due to Uvance and Modernization. In addition to the positive effects of higher revenue, we have made continued and sustainable progress, and we were able to achieve the significant increase in revenue, adjusted operating profit, and adjusted operating profit margin.

This shows the portfolio transformation and the status of Uvance and Modernization. As I mentioned at the beginning, the segment was able to achieve strong growth that exceeded our plan.

This shows the summary of the revenue portfolio transformation. The growth in Uvance and Modernization drove the growth in revenue.

Percentage of Service Solutions revenue that came from Uvance and Modernization increased from 14% in fiscal '22 to 41% in fiscal 2025. One of the factors behind this improvement was expansion of the offering business.

The gross margin achieved a 2 percentage point improvement in that period of Mid-Term Management Plan. Now here, it shows the quarterly changes to the segment's adjusted operating profit.

Adjusted operating profit has always been heavily skewed to being higher in fourth quarter, but we have made significant improvements to this imbalance. The pie chart shows the quarterly composition of profit.

On the far left, 67% of adjusted OP in fiscal '22 was concentrated in the fourth quarter. In fiscal 2025, however, this decreased to 40%, improving the balance of adjusted OP over the four quarters.

Through our efforts to expand our offering business, increase recurring contracts, and smooth out delivery schedules, as well as improve the productivity and insourcing, we made progress in gradually evening out the trend of adjusted OP being skewed toward the end of the fiscal year. Evening out the workload of systems engineers, as well as sales and support staff, will rectify the discrepancies between peak and off-peak season, as well as increase business efficiency.

Needless to say, this will have a positive effect on productivity improvements as a whole, as well as on our efforts to improve the adjusted gross profit margin. Most importantly, it has become much easier to create a forecast for our annual profit.

Now cash flows and capital allocation. I will now talk about cash flow generation.

Core free cash flow, which is essentially the cash generation from our main business, increased 1.8-fold during our fiscal '23-'25 Medium-Term Management Plan. Adjusted operating profit also saw a 1.6-fold increase.

In addition to this in our main business, we also made progress in improving working capital efficiency. Free cash flow increased 2.7-fold.

This was the result of the sale of non-core business, including Shinko Electric, General, FDK, and making progress to reduce cross-shareholdings. Core cash flows, free cash flows, and base cash flows.

To put it simply, base cash flow referred to cash that is yet to be put towards growth investment. It is cash generated from our existing business and the source from which capital is allocated.

I will omit the explanation. Now capital allocation during the Medium-Term Management Plan period.

Left-hand side shows the base cash flows. In addition to growth in revenue and improved capital efficiency, there was also inflow of cash from the sale of non-core businesses.

Due to these factors, base cash flow was 1 trillion 349.1 billion yen, more than twofold increase from the previous MTMP. We used this as a source of capital from which to allocate 672.3 billion yen to growth investments, 639.3 billion yen to shareholder returns, for a total allocation 1 trillion 311.6 billion yen.

In the original plan, we expected to allocate 1 trillion 300 billion yen, but as a result of cash inflows increasing by approximately 50 billion yen, an increase of approximately 10 billion yen in capital to be allocated, we achieved a surplus of about 40 billion yen. We will allocate this capital in fiscal 2026.

This shows the capital allocated for investments for business growth. Investments for growth during the MTMP total 672.3 billion yen.

Of these, 174 billion yen was spent on investment related to acquisitions and capital alliances. This mainly consisted of acquisition of GK Software, BrainPad, as well as AI-related investment, Cohere and Rapidus.

On the bottom half, we outlined four main investment areas. We made well-balanced investments in areas directly linked to our current business expansion, including Uvance and Modernization, the area of advanced R&D including quantum computing, physical AI, and our next-generation processor, strengthening our management foundation, and the area of strengthening quality and security.

We have established in advance these areas as growth investment areas and are implementing investment and monitoring the impacts from a company-wide perspective. Next, shareholder returns, dividend first.

Dividends were stably distributed in accordance with profit growth. As a result of profit growth during this Medium-Term Management Plan period, the distribution of dividends in fiscal '25 greatly increased, with an allocation of 50 yen per share.

This shows the share buybacks. Share buybacks were flexibly implemented with a focus on higher capital efficiency.

The share buyback amount for fiscal '25 was 170 billion yen and 453.1 billion yen across the entire period of MTMP, which was in line with our plan. In addition, as planned, all shares held as treasury stocks at the end of fiscal '25 were canceled.

The graph on the right shows total shareholder returns. The total amount over a three-year period from '23 to '25 was 639.3 billion yen, with a total return ratio 69%.

We made firm progress on this through a good balance of increasing cash generation, investing in our next area of growth, implementing shareholder returns with a focus on capital efficiency. I will talk about fiscal 2026 forecast.

This shows the financial forecast for '26. Revenue is projected to be 3 trillion 510 billion yen, up 7 billion yen from a year earlier.

Adjusted OP is projected to be 425 billion yen, up 34.4 billion yen from a prior year. Adjusted net profit is projected to be 320 billion yen, up 21.7 billion yen from the prior year.

We plan to continue to surpass our record-high profits. Here, I would like to talk about adjusted items and consolidated results prior to adjustments.

The forecast for fiscal 2026 shown in the center box. Under adjusted items, we project a loss of 10 billion yen from acquisition-related PPA.

This shows an overview of our forecast for each business segment. We project a strong increase in revenue and adjusted OP in Service Solutions.

On the other hand, we anticipate a decline in revenue and OP in Hardware Solutions and Ubiquitous Solutions, also plan to increase advanced R&D investment in intersegment elimination corporate. On the following pages will provide figures, and Service Solutions, revenues are expected to continue to be driven by Uvance and Modernization, with double-digit growth expected in Japan of 11%, with continued productivity improvements in the delivery of service.

Adjusted OP is expected to increase by 2 percentage points from previous year to 17.4%. Changes in the Service Solutions from prior year.

On the left, adjusted OP for fiscal '25 is 361.4 billion yen. On the right, for the first change, we expect to increase profit of 48.5 billion yen.

We expect increase in revenue in Japan of 11%. Against a backdrop of an order backlog and deal pipeline, we expect continued strong growth in Uvance and Modernization.

Secondly, we anticipate 50 billion yen in profitability improvements. We expect continued improvements in the gross margin of 2 percentage points through an acceleration in productivity gains from generative AI in the development process, such as standardization and automation of the development process.

Thirdly, we expect a decline in profits of 30 billion yen because of higher spending in the growth of our businesses. We will invest more in the growth of Uvance, Modernization, our consulting business.

Adding this together, adjusted OP is expected to be 430 billion yen. The adjusted OP is expected to improve by 2 percentage points over the previous year to 17.4%.

Now the revenue portfolio and gross margin. In fiscal 2026, we expect services overall to account for 46% of revenue, mainly from growth in Uvance and Modernization.

We seek to achieve a growth in the gross margin of 2 percentage points to 40.7% from change in our business portfolio, productivity improvements. Now adjusted OP.

We expect growth mainly in Japan and Uvance, Modernization, along with the increase in profitability in operating margin and operating profit for the year. We will again seek to achieve another record high in profit in fiscal 2026.

Now subsegments. I will now explain the changes in our subsegments.

Up until now, our subsegments were composed of Global Solutions, which was globally delivered value in common, and regionally delivered services in Japan region and international region. However, with the growth in Uvance, we will move away from a conventional management approach based on a mix of products and services by region and further strengthen management with a focus on business sectors, gaining a deeper understanding of our customers' industries and business operations.

With this in mind, we have changed from subsegments on Service Solutions and regional subsegments to Enterprise and Public subsegments, and we manage business inside and outside on a global basis. This list shows the changes from the old and new subsegments.

Please refer to the details of the figures. The Enterprise subsegment includes automobile, manufacturing, distribution, and retailing, while the Public subsegment includes national and local government, defense, finance, and healthcare.

This is our financial forecast for the subsegments in fiscal 2026. Within revenues for Service Solutions, we expect Enterprise subsegment to comprise roughly 40% and Public to comprise roughly 60%.

In the Enterprise subsegment, we expect revenue to increase mainly in manufacturing and retailing and the OP margin to be 13.1%, an improvement of 1.4 percentage points from the prior year. While we continue to pursue higher profitability, we are developing offerings tailored to specific industries and enhancing our consulting capabilities for continued growth.

In the Public subsegment, we expect revenues to mainly increase in the finance and defense areas and OP margin to be 20.1%, an improvement of 2.5 percentage points from the previous year. In addition to focusing on productivity improvements, we will focus on more profitable markets.

From now on, I will talk about the segments other than Service Solutions. Revenue in Hardware Solutions is expected to fall by 4.9% to 960 billion yen, with the decline in revenue, and adjusted OP is expected to fall by 5 billion yen to 62 billion yen.

In System Products, revenue is expected to fall because of a decline in scale of low-value-added business involving a sale of third-party products and the restructuring of Fujitsu Frontech. In Network Products, revenue is expected to increase on sales outside of Japan of optical transmission equipment and higher investment spending by telecommunication carriers amid higher AI spending.

Ubiquitous Solutions, revenue is projected to be 160 billion yen, a sharp fall because of that pull-back in demand from the discontinuation of support for Windows 10. Profit is expected to drop on the lower volume of sales, with adjusted OP of 28 billion yen.

In intersegment eliminations and corporate segment, adjusted OP is expected to show a loss of 95 billion yen, with higher expenses by 18.2 billion yen from a prior year. Investment spending in advanced R&D is planned to be higher for business growth over the medium to long term.

Fujitsu will retain its global competitiveness and actively invest in new business areas such as AI technology, including physical AI, the Fujitsu MONAKA next-generation processor, and quantum computing. Next, I will talk about the cash flow and capital allocation.

First is cash flow. Core free cash flow is expected to increase by 10 billion yen to 300 billion yen.

The increase is from higher profits in our main business and checks on outflows of cash from the development of Fujitsu Technology Park. Free cash flow is expected to decline by 272.6 billion yen to 210 billion yen because of the decline in cash flow inflows from the sales of non-core business in fiscal '25.

On this page, we drive base cash flow, the key source for cash flow allocations from core free cash flow. In fiscal 2026, we expect base cash flow to be 450 billion yen prior to growth investments.

This shows the planned allocations in fiscal 2026. Because of higher profits and more efficient use of funds, base cash flow, the source for funds allocation, is increasing year by year and is expected to be 450 billion yen in fiscal 2026.

From this amount, we expect to allocate 280 billion yen to growth investments and 240 billion to shareholder returns. In growth investment, the keys are AI-driven and technology-driven, and we will actively promote these areas.

We are also increasing shareholder returns from the average of 210 billion yen over the three-year period of previous MTMP. Base cash flow is 450 billion yen, but the distribution is higher, with an allocation of 520 billion yen, we will include funds from the expansion of cash flow in fiscal '25.

There is no change in our allocation policy. Rather than holding on to funds, we will allocate funds in ways that will lead to higher corporate value.

Within the shareholder returns, the focus on this page is dividends. Our dividend policy is to distribute stable dividends in accordance with our profit growth.

In fiscal 2026, we expect to increase our dividend by 5 yen per share from the prior year to an annual dividend of 55 yen per share. Dividends have increased for 11 consecutive periods, and the dividend payout ratio for the fiscal year is 30%.

Share buybacks, we have a flexible policy on share buybacks with a focus on improvement in capital efficiency. Fiscal 2026, we plan share buybacks of 150 billion yen.

The right-hand side shows total shareholder returns. The per-year average for the prior MTMP was 210 billion yen, but we are planning for total shareholder returns of 243 billion yen in fiscal 2026 for a total return ratio of 78%.

By increasing the generation of cash and solidly redistributing the cash we earn towards growth investments and shareholder returns, it will lead to the next phase of growth and improvement in capital efficiency. We will also be focused on the next cycle of higher corporate value.

In summary, this slide shows our major financial indicators. Each category is calculated by excluding transitory profits or losses.

The average growth rate in earnings per share is 14%, with a favorable trend in both higher profits and capital efficiency. The return on equity has increased to 15.8%.

By further accelerating profit growth, we seek to achieve an ROE of over 20% over the medium-term horizon. We similarly seek to increase our return on invested capital to 13.3%.

The last slide shows the market evaluation of Fujitsu in terms of share price. Against the backdrop of a change in our business portfolio and the growth in profits, we have been able to achieve growth over the previous two Medium-Term Management Plans.

Our goal is to achieve sustainable growth in our corporate value, first by achieving our targets for fiscal 2026, and then by continuing to demonstrate growth beyond then. We will work to continue the trends shown on this graph.

This concludes my presentation today.

Thank you very much. Now we would like to ask CEO Tokita to talk about the review of our Mid-Term Management Plan and the future directions.

Thank you very much. I would like to mainly talk about the direction, primarily focusing upon the period from fiscal year 2026 onward.

I will briefly summarize results of the Mid-Term Management Plan and share our future direction and timeline. While CFO Isobe has already provided a detailed explanation regarding the achievement of our previous Mid-Term Management Plan, I would also like to share my own reflections on our accomplishments to date.

Over the six years from fiscal 2020 through fiscal 2025, we steadily enhanced our profitability by transforming our business portfolio towards a high-margin Service Solutions business, strengthening our management foundations including talent, and advancing standardization and efficiency across areas such as development and delivery. The fact that our adjusted operating profit margin nearly doubled compared with fiscal 2020.

Back in 2020, the margin was 6.6%, but it grew up to 11.2% in fiscal 2025. It has doubled, which was a major achievement.

When it comes to core free cash flow, it has also continued steadily, and that gave us the basic strength to grow the future business. In our core Service Solutions business, we achieved both a scale expansion and improved profitability, with adjusted operating profit margin of more than doubled compared with fiscal 2020.

It was a little higher than 10% back in 2020, but it grew from 6.0% it grew to 15.4% by 2025. Looking at the group as a whole, while some challenges remain, we believe that we have established a solid foundation for our next phase for growth.

Since I became the president of the company in 2019, I took up various challenges to dispose of the non-core businesses, introducing the new HR system which was based upon job-type HR programs, as well as carving out of the non-profitable businesses, and region countries was closed in some places. It was a very difficult challenge, but we were able to achieve all this thanks to the cooperation by employees and customers, partners, and shareholders.

For the Uvance, we announced it back in 2021, and now it accounts for 30% of the Service Solutions business, and the revenue reached up to 700 billion yen or even higher. The Modernization revenue also grew up to the level of 400 billion.

With these two combined, they now account for 40% of the total Service Solutions. The so-called system integration based on the man-months business, from that profit structure, we are making the shift to the new profit structure which is based upon the value and deliverables basis.

Uvance and Modernization will continue to grow steadily, and they will remain as a core of our businesses, and solutions that we provide going forward will be driven by AI. Now, I'd like to explain our future direction.

I'd like to explain the positioning of our new mid- to long-term management plan beginning in fiscal 2026. To date, we have formulated management plans on a three-year cycle, and we have shared progress towards achieving those targets.

From fiscal year 2026, we will establish a mid- to long-term management vision with 2035 as the target year and work steadily towards its realization. Today, I will outline the overall direction, with fuller details to be shared at a later date.

From fiscal year 2026 onward, we will enter a new phase with technology at the core. By fully leveraging the enterprise we have already transformed, we will accelerate both the speed and scale of growth while further enhancing corporate value.

In today's rapidly changing business environment, we have reconsidered our longstanding approach of formulating and executing management plans on a three-year cycle. There is a growing risk that the business assumptions underlying our plan can shift significantly between the time it is formulated and its three-year target, resulting in misalignment with actual growth conditions.

For these reasons, our new management plan is formulated as a 10-year mid- to long-term management vision 2035. As we work towards the desired state of a company 10 years from now, we will set initiative-based goals on an annual basis and drive their realization while adjusting our course as needed along the way.

Once again, we have defined Fujitsu's core strengths as a technology capabilities. From fiscal 2026, we will develop and deliver solutions that contribute to solving challenges for our customers and for society and by combining this industry expertise, business knowledge, and AI capability, all built on trusted and sovereign technology.

Technology is changing quite rapidly, and it is quite difficult to predict what's going to happen to the society. Now, we are not able to manage the business by just following the changes, and these changes are driven by technologies, and that is what many of you have already noticed.

We also bear an extremely significant responsibility in terms of national security and CPU development and optical network technologies, and very unique technology company in the world. HPC, supercomputer, or quantum computing, and actual machine can be developed only by us.

We have such technological capabilities, and also from the national security, we have a very significant presence. Furthermore, customer base spans all industry sectors, including public sector.

We have been involved in the development, operation, maintenance of business application for over 50 years. For the effective social implementation of cutting-edge technologies like AI, it is crucial to redesign existing operations and apply and implement new technologies grounded in the deep understanding of current business process and IT supporting them.

With our onsite knowledge and response capabilities that reach the last mile, we will lead the technology-driven transformation of customer operations and society. As outlined, we consistently cover the entire spectrum, from developing and providing fundamental technologies critical for business and management to delivering and consulting on onsite implementation and management reform.

Once again, we have reaffirmed Fujitsu's strengths as our unique proprietary technologies and our extensive experience and knowledge across various industries and business operations. Leveraging these strengths combined with advanced AI, we will develop and provide a solution that contributes to solving challenges for our customers and society.

As the use of AI expands across all industries and throughout daily life, and the volume and the importance of data increase dramatically, it will become indispensable for the platforms that support mission-critical operations to respect the data sovereignty while ensuring security and reliability. Leveraging highly reliable technologies developed in Japan, such as Fujitsu MONAKA high-performance next-generation CPU, computing technologies including quantum computers, the large language model Takane, and the AI platform Kozuchi, and combining them with leading technologies from our global partners, we will provide a sovereign technology platform that ensures not only functionality, but also quality and safety.

As the international security environment undergoes major change, we believe Japan's role in the world is also evolving. For the processing of data that is extremely important to national security and sovereignty perspective is indispensable.

We are a company that contributes not only to Japan's defense, but also to the defense of Japan's allied nations. We believe our responsibilities and role in defense will expand even further than before.

By combining industry-specific AI agents infused with the deep industry knowledge we have accumulated over many years and our broad expertise spanning both business operations technology with consulting that works alongside customers to identify challenges to their growth and to a healthy society, and to formulate and execute measures to address them, we will deliver trusted technology solutions end-to-end and contribute to our customers and society, as well as to the world's peaceful order. We will focus on four priority areas: physical AI, social resilience, digital twins, and computing, and in particular, will support mission-critical businesses and activities for our customers and society.

In these areas, we will create and scale new business opportunities by leveraging our strengths. For example, in the area of physical AI, we will further strengthen Japan's manufacturing frontlines by providing a platform that aggregates and shares high-quality onsite expertise while also enabling participating companies to mutually enhance their competitiveness.

In the domain of social resilience, we will leverage AI agents to support healthcare systems from a management perspective, addressing critical societal issues. We will also enhance electronic health record systems and personal applications to further promote data utilization, thereby creating a healthcare environment that is more patient-focused.

Finally, I would like to explain the transformation Fujitsu itself must undertake to become a company capable of executing these initiatives. To begin with, we will embed AI across all our corporate activities and advance AI-driven management.

To do so, we will focus on three key initiatives so that we will be able to support customers in their transformation. The first is scaling our AI-driven development.

From January this year, we began operating a development platform that uses AI to automate processes from requirements definition through implementation and testing. We will progressively expand this platform to eligible projects.

At the same time, by making greater use of generative AI, we will work to accelerate our customers' business execution while also improving our own sustainable profitability. The second is evolving our talent portfolio.

Building on the business portfolio transformation we have pursued to date, we will advance the upskilling of our people on the premise of a collaboration between humans and AI. We will focus talent investment on areas that drive growth and high-value creation, including consulting, data and AI, and advanced technology research.

The third is advancing our management foundation. Through the One Fujitsu program, we have already established a globally standardized data foundation.

Starting this fiscal year, building on this foundation, we will fully scale AI-driven management by leveraging our own AI. This will enhance both the speed and quality of decision-making and enable management decisions that anticipate change.

Furthermore, as a technology company, we will put these initiatives into practice ourselves and actively offer them to customers as reference cases. Specifically, in AI-driven management, Fujitsu itself will serve as a reference model and deploy this approach to our customers.

Finally, this is the schedule. Let me outline upcoming timeline.

Further details on the growth trajectory we are targeting towards fiscal year 2035 will be shared with you on the 28th of May. In addition, we are planning to hold an IR Day in September.

We will provide further details in due course. This concludes my presentation.

Thank you for your kind attention.