Honda Motor Company, Ltd.

I thank you very much for taking time out of your busy schedule to attend our briefing today. We would now like to start Honda Motor Company Limited's financial results briefing for second quarter of fiscal year to March 26. First of all, allow me to introduce the attendees today. Director, Executive Vice President, and Representative Executive Officer, Mr. Noriya Kaihara. Good to see you. Director, Managing Executive Officer, Mr. Eiji Fujimura. Good to see you everyone. Operating Executive, Head of Accounting and Finance Unit, Mr. Masao Kawaguchi.

Good to see you everyone.

Mr. Kaihara will first present the financial results of second quarter ended September 30 of 25 and forecast of consolidated results for the fiscal year ending in March 26. Then, Mr. Fujimura will present the details. Over to you, Mr. Kaihara. I thank you very much for your continued support for Hondo's activities. I would like to present to you the financial results for the second quarter of financial year to March 26. I'd like to start with the highlights of the financial results. Our operating profit for the second quarter of the year to March 26 came to 438.1 billion yen. Motorcycle operations saw unit sales decline in Vietnam, but global sales trended solidly and strongly, led by Brazil. For results up to second quarter, we've attained the record high unit sales, operating profit, and operating margin. In automobile operations, though there was some positive profit impact due to price revisions, we saw a decline in profit due to impact from tariffs and one-time expenses related to EV. Operating cash flow after R&D adjustment, which indicates the resource available for future investment, came to 1,281.3 billion yen on a par with the same period last year. The forecast for the consolidated results for the term ending in March 26 is operating profit of 550 billion yen and profit for the year of 300 billion yen. We are revising the previous forecast considering the decline in automobile sales and the reduction in production volume expected as of now due to semiconductor shortage, though we expect profit growth due to yen depreciation. In motorcycle operations, while we expect declines in unit sales in Vietnam, we hope to recover this in other regions. Thus, we maintain 21.3 million units. For automobiles, in addition to lower sales volume, mainly in China and ASEAN, declines due to semiconductor shortage has been taken into consideration for North America. We are revising down from 3.62 million to 3.34 million units. To give you the consolidated results for the second quarter of the year to March 26, operating profit was 438.1 billion yen, lower by 304.4 billion in compared to the same period last year. Investment earnings due to the equity method were 10.8 billion yen, higher by 31.6 billion yen. The half-year profit attributable to the owner of the parent was 311.8 billion yen, lower by 182.8 billion yen. Next, I'd like to cover the forecast for the consolidated results for the term ending in March 26. Compared to the previous forecast, our forecast is operating profit of 550 billion yen, down by 150 billion yen. and the profit for the year attributable to the owner of the parent of 300 billion yen down by 120 billion yen. The exchange rate against the U.S. dollar is assumed at 145 yen for the four-year period. Forecast for the four-year dividend for the fiscal year ending in March 26 is 70 yen per share unchanged from the previously published forecast. Next, Mr. Fujimura will present the details of the results.