Thank you very much for taking the time to join us today despite your busy schedule. First, I'd like to express my deepest condolences to those who lost their lives in 2026 Kumamoto earthquake and extend my heartfelt sympathies to all those affected by the disaster.

Now, I'd like to present our first quarter results for the fiscal year ending March 2027 and our revised full-year forecast. Here are consolidated results for Q1: Net sales were ¥74.5 billion, up 19.8% year on year.

Operating profit was ¥12.8 billion, up 243.5% year on year. Operating profit margin was 17.2%.

Ordinary profit was ¥13.4 billion, up 206.7%. Profit attributable to owners of the parent was ¥9.4 billion, up 152%.

Earnings per share were ¥41.92. Operating profit, ordinary profit, and net profit all set new Q1 records.

Here are Q1 consolidated results by segment. The Timepiece segment saw increased net sales and profit with OP margin of 23.1%.

Consumer segment also saw increased sales and profit with OP margin of 15.9%. Other segment saw decreased sales and increased profit.

Company-wide adjustment came to -¥2.1 billion. Next, our full-year forecast for the FY ending March 2027.

We revised upward both our first half and full-year forecast announced at our previous earnings presentation, increased net sales by ¥5 billion and operating profit by ¥8 billion. The upward revisions were driven by the Timepiece business, where sales exceeded previous forecast by ¥5 billion and operating profit by about ¥5 billion.

We've also factored in ¥3 billion impact on operating profit from the U.S. tariff refunds.

The consolidated forecast came to ¥300 billion in sales, or up ¥5 billion from the previous forecast, operating profit ¥34 billion, OP margin 11.3%, ordinary profit ¥34 billion, and net profit ¥23.5 billion. Earnings per share are ¥106.5.

Here the latest full-year forecast by segment: Net sales in the Timepiece segment have been raised by ¥5 billion to ¥202 billion. Operating profit in the segment was increased by ¥7 billion to ¥36.5 billion.

OP margin is 18.1%. In the Consumer segment, operating profit was raised by ¥1 billion to ¥7 billion.

Here are highlights of the Q1 results by segment. In the Timepiece business, our strategy driven by the two core brands, G-SHOCK and CASIO WATCH, proved successful.

Both are performing well globally. OP margin reached 20.7%, excluding the U.S.

tariff refund, thanks to sales increase. Our first-half forecast were revised upward in the Timepiece business, sales by ¥5 billion and operating profit by ¥7 billion, including ¥2.1 billion of U.S.

tariff refund. Next, I will explain our strategy driven by the two core brands.

The strategy has evolved in accordance with the characteristics of the two brands and users, and the preferences and economic situations of the regions. It helped achieve double-digit growth and higher operating profit for both brands.

First, the strategy policy for CASIO WATCH focused on pursuing volume. Because of low SGA relative to gross profit, sales growth directly led to improved profitability.

We also launched marketing activities in areas where we had not previously operated. Moreover, we worked to expand the lineup of high value-added products and attract female customers.

We highlighted the timeless and unique value of the brand refined over the past 50 years. Our policy for G-SHOCK focused on improved profitability.

We concentrated our sales promotional activities on iconic models to enhance efficiency. We boosted our appeal to young consumers and recovered sales of iconic products.

We put mid- to high-price range metal models on the natural course of evolution. Toward more growth in the final year of our midterm plan, stronger brands and technological development will be pursued to spur its next evolution.

By analyzing differences in product characteristics and profit structure between G-SHOCK and CASIO WATCH, and by setting the optimal product mix for each region, we will maximize profitability. This slide summarizes the strategy I've just described.

The strategy has yielded strong performance as shown on the far right. The brands have gained popularity among young people who value originality, while smartwatch demand has run through its peak.

Our products portfolio gained popularity because today's users want such a good balance of quality, design, and prices. CASIO WATCH successfully attracted female customers.

These are factors behind the timepiece's strong performance. Next, Q1 results and overview by product.

In Q1, G-SHOCK accounted for some 42% of total sales. About 1.65 million pieces of G-SHOCK were sold.

In G-SHOCK metal models, sales of standard 5000 series grew, mostly in Japan, and a new product of MR-G were also strong. In plastic models, the strategy focusing on the best-selling models drove strong sales of the 2100 and 5600 series.

Coca-Cola collaboration models were also popular. Sales of other CASIO WATCH were driven by standard models and color dial models.

EDIFICE featuring mechanical movements were also strong. This is Q1 results and overview by region.

Overall sales increased by 18% year on year on local currency basis. In Japan, sales of mid- to high-price range G-SHOCK models and OCEANUS performed well, primarily at department stores and watch stores.

In North America, while demand for smartwatches has run through its peak, demand for traditional watch is rising and leading to strong sales of CASIO WATCH and G-SHOCK. In Europe, CASIO WATCH were also strong, and G-SHOCK saw good results thanks to brand ambassador marketing.

In China, sales of CASIO WATCH were strong due to marketing focus on young segment and addition of new stores. In other regions, in India, G-SHOCK's growth continued.

CASIO WATCH sales were also strong thanks to the expansion of retailers in major and secondary cities. In ASEAN, Vietnam and Indonesia drove sales.

Sales were also firm in Latin America and Africa. The impact of the conflict Middle East has been partially mitigated through logistical initiatives and other measures.

In EdTech business, we saw an upturn due to front-loaded orders in the regions approaching back-to-school season. In Sound business, even though a shift toward online sales for higher profitability is progressing, global market conditions remain tough.

Next, strategies and initiatives by business segment. First, Timepiece business: The low- to mid-price range G-SHOCK is steadily returning to a path for renewed growth through marketing focused on younger consumers.

On the marketing front, we have launched a global campaign aimed at resonating with Gen Z and generating buzz. On the product front, our ongoing efforts to sell iconic models to younger consumers are steadily bearing fruit.

We are rolling out collaboration models and launching products in the new design categories, such as a G-SHOCK ring watch, while continuing to generate buzz and drive sales. For the mid- to high-price premium segment, we will strengthen our presence in high value-added areas.

For MR-G, the flagship line of G-SHOCK, we will focus more on high-end distribution channels and pursue direct customer engagement through events targeting luxury watch enthusiasts. OCEANUS will elevate cutting-edge technology and Japanese aesthetics to strengthen its presence in high value-added areas.

The second edition of EDIFICE mechanical models is also showing stronger sales, mainly in Europe. While CASIO WATCH continues to perform well, we are launching products and marketing strategies that capitalize on the emerging market trends of smartwatch fatigue and renewed appreciation for the core value of watches.

We are promoting global appeal of emotional narrative and distinct aesthetics, more than just a watch. Spreading information by users through social media is also contributing to its popularity.

Next, EdTech education business: In scientific calculators, we are strengthening product development for new ClassWiz, revamping the UI to reflect feedback from educators. We are also developing models tailored to local educational requirements.

Through these efforts, we aim to increase the penetration rate of new ClassWiz. To expand our marketing share in emerging economies, we are strengthening measures against counterfeit, imitations, and similar products.

The [EduPort Nippon?] adopted our educational programs in Egypt and Mexico.

In standard calculators, we are launching limited-edition models, such as JAPAN CRAFT, and revamping our standard models. In educational apps, we will expand adoption of ClassPad.net by leveraging synergies with Libry's services as digitalization of textbooks in Japan progress.

In Sound business, we will continue to restructure our revenue model through ongoing structural reforms. We will cut costs through online per-operation and direct trade in some regions.

We will also streamline our workforce, improve production efficiency, lower product cost, particularly in low-profit areas. At the same time, through the launch of new products and app connectivity, we will provide new musical experiences, drive business creation, increase user count, and return to profitability as soon as possible.

Next, initiatives in new business domain: We began rolling out AI pet robot Moflin in China in June. The new cherry blossom sakura color is due to be out in September.

The [eau?] is a hearing assistant earbuds that deliver natural-sounding audio.

It utilizes our digital sound control technology. Since its launch in May, it saw strong sales and favorable reviews.

We aim to establish a business in personal well-being domain with Moflin and [eau?] .

In sound creation business, the new initiative sampler, which allows even beginners to easily enjoy music production and performance, has been well received. It posted three times the projected sales in less than two weeks since its launch.

Next, a topic we want to share with you: We launched our first collaboration model with XG, a G-SHOCK brand ambassador, on June 12th. There have been no changes to our capital allocation policy.

We carried out a share buyback of ¥10 billion from the funds allocated for shareholder return between May 15th and July 27th. All 5.58 million shares acquired will have been retired on August 31st to ease concerns about future stock dilution.

Going forward, we will continue to implement additional shareholder returns flexibly, taking into account market conditions and business performance. There have been no changes to our target financial indicators.

The rest of the slide deck is supplementary materials. This concludes my presentation.

Thank you so much.