LEIFRAS Co., Ltd.

Ladies and gentlemen, thank you for standing by. Welcome to LaFrost Co. Limited first half official year 2025 earnings conference call. During today's call, all participants will be in listen-only mode. The conference is being recorded today, Thursday, November 20th, 2025. Joining us today from LaFrost are the company's representative director and chief executive officer, Mr. Kayotako Ito. and the company's chief financial officer and director, Mr. Mitsuharu Yazawa.

I'm Mitsuharu Yazawa, the company's CFO. During today's conference call, I will be providing an overview of our company, our performance in the first half of the fiscal year, and our full year forecast. We will also be taking the second half of the briefing to answer any questions you may have submitted in advance. So please stay until the end.

Thank you. Before we continue, I would like to remind you that some information discussed on this call will contain forward-looking statements, which involve risks and uncertainties that may cause actual results to differ materially. Further information regarding these and other risks, uncertainties or factors is included in the company's filings with the U.S. Securities and Exchange Commission. First, please watch our video introducing our core business, the sports school business.