|Masao Muraki||SMBC Nikko|
|Natsumu Tsujino||Mitsubishi UFJ Morgan Stanley|
|Kazuki Watanabe||Daiwa Securities|
|Futoshi Sasaki||Bank of America Securities|
|Koichi Niwa||Citigroup Securities|
Good evening. This is Takumi Kitamura, CFO of Nomura Holdings. I will now give you an overview of our financial results for the first quarter of the fiscal year ending March 2023 using the document titled Consolidated Results of Operations. Please turn to page 2. It was a challenging quarter as U.S.