Alps Alpine Co Unsp/Adr

From now on, we will hold the first half of the Alps Alpine Co., Ltd. in March of 2026. Thank you very much for joining us today. The items that I will explain in this presentation will be as follows. Our speakers are President Noizumi, the CEO of Alpine Co., Ltd., My name is Kodaira, and I am the CEO and CFO of CFO. I would like to introduce myself as Kodaira. Hello, everyone.

I am Kodaira, the CFO and CFO of Alps Alpine. This is the summary of what I would like to explain today. In March of 2026, the first half-year results were the same as the previous year, and the sales of the first half-year were the highest in the past. The cause of the increase was the high demand for mobile and private market-oriented products in the component business, As a result of the structural reform in the mobility business, the sales increase has improved both in terms of conversion and fixed costs, and the performance has improved. Next, for the climate plan announced on April 30th, the first half of the year was more expensive than expected, and the financial impact expected at the beginning was reduced, so both the component and mobility business and the sales and business profits exceeded the plan. In addition, in this fiscal year, the sales and business profits were carefully monitored due to the initial financial impact, and the results of the price increase negotiation with customers were advanced from the beginning, so the business performance forecast was corrected. As for the fiscal year, the financial impact was included, and the transparency was still strong, and the initial plan was postponed. Now, I would like to explain the results of the first quarter of the March fiscal year of 2026. The first quarter of the fiscal year was an increase in sales and sales in the same period of the previous year. The price was about 11 yen from $1.155.88 in the previous year to $144.59, and the sales was a negative effect of 1.33 billion yen. The sales value increased by 5.3 billion yen in the previous year's same-year expenses, and it now amounts to 2,389 billion yen. The operating profit was 3.1 billion yen due to the increase in sales value, but it increased by 2.5 billion yen in the previous year's same-year expenses, and it now amounts to 3.7 billion yen. The operating profit was 3.7 billion yen due to the increase in sales value, and it now amounts to 3.5 billion yen in the previous year's same-year expenses, Next, I would like to talk about the increase in the operating profit in the previous year. In order to make it easier to understand the impact items of business profits from this period, we will categorize them into five categories such as conversion cost, development cost, fixed cost, and operation cost. The operation cost is included in the stock increase and depreciation rate, as well as in the fall-off rate. The increase and decrease comparison of the above items The cost-effectiveness is about 1.1 billion yen per year, which is minus 3.1 billion yen. The sales value is 52 billion yen, mainly due to the increase in actuators for the mobile market. The conversion cost is minus 4.1 billion yen, which is due to the increase in the sales of actuators. The development cost is 6 billion yen, which is plus 6 billion yen due to the reduction of the implementation of the component business and the mobility business. The fixed cost was increased by ¥2 billion due to the reduction of the loan-loss interest rate that occurred in the previous year's mobility business. When it was opened, it was increased by ¥2 billion due to the effect of the change in debt, and from the above results, it increased by ¥2.5 billion in the previous year's same-year expenses, and the operating profit was increased by ¥3.7 billion. Next, we will compare the operating profit and sales value of each business in the previous year. Component business has increased revenue, sensor communication business has decreased revenue, and mobility business has increased revenue. I will continue to explain the results of business-specific sales and operating profits from the next page. First, I will explain the component business. As you can see in the slide, the upper column shows the sales growth rate per market year, and the operating profit is shown in a broken line graph. The lower column shows the operating profit analysis, and the cause analysis. The left column shows the same year comparison, and the right column shows the comparison just before the market year. The sales growth rate of the first market year 8.29 billion yen, which has been increased by pre-launch equipment and pre-market equipment. Mobile market-oriented actuators and private market-oriented game equipment-related products have been improved. The increase in demand for actuators is expected to be the basis of a temporary issue of magnet acquisition, which is part of China's rare earth regulations. The operating profit was 6.2 billion yen, which was the same as the previous year, and the same as the previous year, and the same as the previous year, and the same as the previous year, and the same as the previous year, and the same as the previous year, and the same as the previous year, and the same as the previous year, and the same as the previous year, and the same as the previous year, and the same as the previous year, and the same as the previous year, We are moving towards a shift towards the public-private and private market. On the other hand, in comparison to the pre-pandemic period, the price has risen, but it has increased due to the increase in sales. Next, I would like to explain about the sensor communication business. The sales value is 1.98 billion yen. In the same period of time last year, it decreased, and in the pre-pandemic period, it increased. The operating profit was minus 2.1 billion yen, and the current interest rate was the same as that of the previous year and the previous quarter. The current interest rate in the previous year and the previous quarter is due to a decrease in sales of keyless products for the car market, a deterioration in the cost of change due to the change in product composition, and an increase in the cost of new products scheduled to be introduced next year. In addition, the return of the loyalty that was formed last year is also affected by the fact that it is later than the initial plan, but it is expected that there will be no major losses due to the recovery during the period. Next is the mobility business. The sales volume is 13.14 billion yen, and it has been reduced from the previous year's same period and just before the first half of the year. The operating profit is minus 500 million yen, and the previous year's same period has increased. It became the current interest rate in the pre-pandemic period. The increase in interest rates compared to the previous year is due to the cost structure reform that was pushed forward last year. Specifically, it is due to the reduction of new products and abnormal costs, as well as the effect of the collapse of real estate businesses, as well as the cancellation of the loan-loss interest rate that occurred last year. On the other hand, the current interest rate in the pre-pandemic period is due to the effect of the decline in sales, This is due to a decrease in the recovery of development expenses due to the reaction of the above-mentioned above-mentioned above-mentioned above-mentioned above-mentioned above-mentioned above-mentioned above-mentioned above-mentioned above-mentioned above-mentioned above-mentioned above-mentioned above-mentioned above-mentioned above-mentioned above-mentioned above-mentioned above-mentioned above-mentioned above-mentioned above-mentioned above-mentioned above-mentioned above-mentioned above-mentioned above-mentioned above-mentioned above-mentioned above-mentioned above-mentioned above-mentioned above-mentioned above-mentioned above-mentioned above-mentioned above-mentioned above-mentioned above-mentioned above-mentioned above-mentioned above-mentioned above-mentioned above-mentioned above-mentioned above-mentioned above-mentioned above-mentioned above-mentioned above-mentioned above-mentioned above-mentioned above-mentioned above-mentioned above-mentioned above-mentioned above-mentioned above-mentioned above-mentioned above-mentioned above-mentioned above-mentioned above-mentioned above-mentioned above-mentioned above-mentioned above-mentioned above-mentioned above- Self-reporting has decreased by 13.6 billion yen due to the acquisition of self-reporting and self-compensation, but the self-reporting ratio has increased by 0.9 points and has become 56.8%. We will continue to strengthen and maintain a healthy financial system. Next, I would like to explain the forecast for the net profit in March of 2026. First of all, I would like to summarize the changes in the sales forecast for the climate plan announced on April 30th. In the first half of the component business, the demand for actuators increased due to short-term factors due to the layer pressure regulation. In the second half, there is an increase due to seasonal factors, but it is a forecast that follows the original plan. For the private market, some of the game equipment-related products are in high demand, and the entire business is looking forward to exceeding the plan. The sensor communication business is expected to progress roughly as planned. As for the mobility business, we have been carefully looking forward to it due to the influence of U.S. tariffs and the inconspicuousness of the business environment. However, the fact that the new sales of customers exceed our expectations and the limited influence on our products. Furthermore, since the price increase negotiation is going according to the plan, we expect to exceed the initial plan. On the other hand, regarding the fiscal year, the interest rate has been decided, but due to the unclear influence on the fiscal year, it is difficult to determine the business environment at the moment, so we have made a basic plan. Based on the above sales forecasts, we will look at the current expected numbers for each business. In response to the draft plan announced on April 30, the sales of KAMIKE increased by 4.5 billion yen to 4,980 billion yen, and the operating profit was adjusted to 12.1 billion yen, increasing by 8 billion yen. The net profit increased by 4.5 billion yen to 9 billion yen, and the total net profit increased by 1 billion yen to 2 billion yen. The assumption of the exchange rate for the second half of the year was $1.145. In the fund, the inflation rate was estimated at about 2.3 billion yen, aiming at 80% recovery, but due to inflation, the impact was reflected in the paper. In addition, there are many inconspicuous factors in the stock market, so we have implemented the stock market plan, including the exchange rate. The business environment is still unclear, but the mid-term plan, which was announced earlier, is progressing according to the plan, and I would like to explain the progress situation in the next second half of the settlement explanation meeting. Alps Alpine will not only achieve the goals of the mid-term management plan, but also achieve the goals of the mid-term management plan. That's all for today's announcement. Thank you for listening.

Now, I would like to take questions from the participants. Mr. Sato, please go ahead.

I'm Tato from Morgan Stanley Insurance. Thank you for your explanation. I have three questions. The first question is about the impact of the U.S. import tax. It was estimated that it would affect the operating profit of 2.3 billion yen in 2025. At this point, how are you changing it?

I would like to answer your question, Mr. Kodaira. At the beginning, we expected it to be 2.3 billion yen. However, at the moment, we expect it to be about 1 billion yen. However, according to the forecast, In fact, we have included the influence of the paper industry, but as for the paper industry, it is still at 25% from now, but there will be changes in the future, so we have included the paper industry as a capital with the influence of the tax.

I'd like to confirm this. In the first quarter, the net profit of 230 million yen was 100 million yen. In the second quarter, the net profit of 100 million yen was almost zero.

The net profit of the second quarter was about 1 billion yen. The net profit of the second quarter was about 1 billion yen. The net profit of the second quarter was about 1 billion yen. The net profit of the second quarter was about 1 billion yen. There are various variables. If we look at the original tax impact, we can see that there is a tax impact of about 4 billion yen. Therefore, it is expected that there will be an impact of about 800 million yen on that area.

Thank you very much. I would like to ask you about the camera actuator of the component. What kind of changes have been made from the 1-class to the 4-class? Is it okay to think that the sales or shares of your company were high? What kind of changes are you seeing in the 1st to 2nd class?

Could you tell us about that? Regarding the current situation of the product, I will answer from Izumi. As I explained from Kodaira's point of view, the supply problem of rare earths is one of the main problems of the first class, and there is a special situation regarding the issue of magnet acquisition. Therefore, we have come to the conclusion from the proposed plan However, as I explained earlier, we are planning to implement the project according to the plan. In this respect, we expect that we will follow the plan as planned by the agency.

Excuse me, how does the sales of the first class change from the fourth class, and how does it change from the first class to the second class?

Regarding the sales, I will explain from Kota's point of view. As explained in the bar graph, the gray zone of the upper bar graph is mobile, so the actuator is raised from 4Q to 1Q. The number from 1 to 2 is due to the season. The number from 1 to 2 is due to the season. However, the number from 1 to 2 is due to the season. However, the number from 1 to 2 is due to the season. However, the number from 1 to 2 is due to the season. However, the number from 1 to 2 is due to the season. Although it will rise, I think it will fall into the number that we originally planned. On the contrary, the advantage is that we are looking at the number that will rise in the state of not putting it in.

Thank you very much. The third point is about mobility. The second quarter is a project of 600 million yen loss. From a loss of 1.2 billion yen per year to a profit of 1.2 billion yen per year, how has the recovery of development cost changed from 1.9 billion yen per year to 4.9 billion yen per year? How does this change from 2.9 billion yen per year to 4.9 billion yen?

Yes, I would like to explain that from my side. As for the development technology, it is an absolute number, but the development technology is about 4.7 billion yen, which is limited to the mobility business in the first quarter. This will be the net. Including the actual implementation, recovery, and budget, 47 billion yen will be added to all of them. In the future, when it comes to the Shimo period, the development period is actually planned to be 4.3 billion. Therefore, I am planning a number of 4.7 billion in the first quarter and 5.8 billion in the second quarter, but the number of 4.3 billion in the Shimo period Therefore, it will be a improvement of about 4.6 billion yen in Kamishima. The improvement of this 6 billion yen is actually the part of this recovery. This is the same trend every year, but the current plan is to come in the fourth quarter, especially in Shimokino. Including that, it is a structure that increases profits with the expansion of Shimokino.

On the other hand, I think that there was such a recovery in the second level last year, but if there is such a thing this year, do you think that it will be an even higher level of Kamiki? Yes, that's right. I understand.

Thank you very much. Next, Mr. Takayama, please.

Oh, I'm sorry. Thank you very much. Thank you very much. Well, excuse me, I'm going to continue talking about mobility a little bit, and I'm going to start with a different way of listening. I'm sorry, but I'm sorry, but I'm sorry, but I'm sorry, but I'm sorry, but I'm sorry, but I'm sorry, but I'm sorry,

I would like to talk about YAMATAKA in the mobility business. Can you show me the YAMATAKA in the mobility business? Mr. Takayama, what do you think will happen in the first class and what will happen in the second class? It's a planning fee. From the perspective of planning expenses, the first quarter is a lot more than expected compared to what we announced. For example, if we look at the previous year's same-year expenses, there are various differences, such as the interest rate drop, and so on. If we look at that, the first quarter of Kamiki is roughly as planned. This is our opinion. As for the second level, the sales part will be a little higher from now on. The sales part is about 4 billion yen, and the second quarter is expected to be minus 7. As far as this is concerned, the development cost will still be paid in part. So, to answer Mr. Takayama's question, from the perspective of planning expenses, we are currently at minus 500 million yen, minus 700 million yen, and at a fixed price of minus 12 million yen, which is roughly according to the plan.

Excuse me, does it mean that the budget is in contrast to the basic plan?

Yes, if you look at the basic plan in contrast, after all, the first class was above the first class, but the second class was almost twice as much as the first class.

The net profit was spent on mobility at 5 billion yen in the initial period, and the net profit was spent on mobility at 5 billion yen in the initial period, and the net profit was spent on mobility at 5 billion yen in the initial period, and the net profit was spent on mobility at 5 billion yen in the initial period, and the net profit was spent on mobility at 5 billion yen in the initial period, and the net profit was spent on mobility at 5 billion yen in the initial period, and the net profit was spent on mobility at 5 billion yen in the initial period, and the net profit was spent on mobility at 5 billion yen in the initial period, and the net profit was spent on mobility at 5 billion yen in the initial period, and the net profit was spent on mobility at 5 billion yen in the initial period, and the net profit was spent on mobility at 5 billion yen in the initial period, and the net profit was spent on mobility at 5 billion yen in the initial period, and the net profit was spent on mobility at 5 billion yen in the initial period, and the net profit

The most effective part is the development cost. The most effective part is the development cost.

The development cost was used on the Internet for 47 years, but it is said that it will be used for about 10 billion yen more.

Originally, the initial plan was 74 billion yen. That's about 3 billion yen. We don't use development funds, so if we only go to the first quarter, it's about 3 billion yen. It's a plus for the plan. That's what it means.

I see. And then there's the exchange rate and sales. That's right. That's what it's all about, isn't it? Yes. I'm sorry. If you do that, it doesn't change. It's an image that you're turning the development money you've accumulated into the second level.

It's a little off the second level. There is a part that is genuinely decreasing in the first quarter, but there is a part that is off the second quarter, so in the second quarter, it is a condition that the development cost is slightly lower.

It is a condition that it is a condition that it is a condition that it is a condition that it is a condition that it is a condition that it is a condition that it is a condition It means that it hasn't changed at about minus 7, and that the development has shifted. I thought that it wouldn't be a little more positive for the second class, but I think it will be eliminated.

After all, the part of the development machine is still quite It's about 30 for only one class, but it's not like 30 will come to the second class. There is a part that is purely improved. However, the amount of about two-fifths of it will come, so that part will come in the second class. After all, if it comes to about 1 billion, it will be a number like minus 7. I'm looking at it in the conservatory.

I see. I see. I'm sorry, then the second big thing is that I'm an actuator, but I understood the share part earlier, but the premise is that, on the other hand, how much of the front push of the customer as a front push industry is in it. What do you think about that? Do you think it will be the case that it will definitely fall in the second half of the year?

Is there anything that has changed in your prediction? I will explain the trend from Izumi's point of view. As you said, the rare earth magnet is a special factor in the first quarter. In the current situation, when we look at the Kamihan period, we think that it will continue as planned, but we don't know if it will change significantly in the future. At this point, it is difficult to be honest about the situation. For example, how will the inflation in India, which rose to 25%, affect the situation? There is such a part, so from the current point of view, we feel that there is no deviation from the plan in the sense that we are going to make a big up-down.

Looking back at the 1Q era, only the share that rose was placed on the top of the total. There was no such thing as an increase in the number of shares compared to what we originally saw, was there?

Is it okay to understand that only the increase in the number of shares was applied? Yes, that's right.

There is no mistake in that understanding. Therefore, the number of shares after level 2 will return to where we originally saw it, and the share up part of level 1 will be stopped, or it will be made in the sense that there will be no reaction.

Yes, that's what we expected, and we don't think there will be any major changes at this point in time. I see.

I'm sorry to interrupt, but I'd like to ask about the time in the middle. It's only been a little over a quarter since the broadcast was broadcast, but do you have any plans for the coming season? Is there anything you'd like to say about the progress you've made so far?

I'd like to start with Izumi. In particular, we announced this medium-term plan, and many questions were asked about whether we could really improve it in the next year with a big hurdle. That was the biggest question. One of them was about the inflation. We have been working on it in the early stages. In terms of revenue, Kodaira explained earlier, but there are other factors such as the inflation factor, the reduction of fixed costs sold until last year, and whether these factors will result in results. and whether low-income products are really going to go down as planned. In terms of this, we are more likely to see a good result than we expected in terms of mobility. In terms of mobility, we are more likely to see a good result in terms of mobility. In terms of mobility, we are more likely to see a good result in terms of mobility. There is another big question about sensor communication. Can we really make a big jump up for next year? There was also a similar question. Regarding this, I explained in the broadcast announcement that there is a big gap in revenue this year. The development of digital machines and new products, which started in the 26th year, has become the last milestone. This is the first step, especially in the first half of the year. I can finally see where it will go down. As for the plus part, From this year to next year, we will be working on the Miriha sensor. We haven't talked much about this, but in the Chinese market, we are working on the stylus-related touch pens. We are working on the force sensors. We are making significant progress in these areas. There is also a core technology, a fire extinguisher type printer. The parts and products of such a place have been growing for several years, but they are growing further. Thank you very much.

I'm Akizuki Nomura. Nice to meet you. Is the audio okay?

Yes, it's okay.

First of all, I have a simple question. I would like to ask you to calculate the development, implementation, and budget of the first and second classes of Mobility. And in addition to that, this is also Mobility. On the 9th page of YAMATAKA, both of them are asking for the same amount of fixed costs. Please tell us about the improvement of fixed costs in both year-on-year and quarter-to-quarter. This is the first question.

I will explain about that later. The first quarter, the question was about the development cost for the mobility business. I think it was a question about the 1st and 2nd class plans. First of all, regarding the first quarter, the research and development cost was 4.7 billion yen on the net for the mobility business. Among them, about 1.5 billion yen was collected. And the part of the capitalization is 1.9 billion yen. Therefore, it is 81 billion yen that is actually being implemented, so by adding them, it will be 4.7 billion yen. In the second quarter, the implementation will be 1.75 billion yen. We are planning to raise it to 9 billion yen. If we net this, it will be 58 billion yen. So, as I mentioned earlier, the question on the development cost is a bit difficult, but for the second class, there will be more recovery and implementation. That's all for the first question.

The fixed cost is 9 trillion yen.

Can you explain the fixed cost from now on?

Yes, please.

Regarding the fixed cost, the fixed cost is high at the same time as the previous year, but in fact, last year, the fixed cost of parts that could not be recovered from customers who could not pay the interest rate was about 1.7 billion yen. Also, the incineration cost was 500 million yen. In the module business for Australia, which has been a hot topic so far, the fixed cost of the product with a value of 10 billion yen was increased by the improvement of the fixed cost by doing this. This is actually the fixed cost of the previous year. Also, the fixed cost of the pre-order machine written on the right side is here, but the incineration cost is the plus part here. We also have a company called NewSoft, and we collect the cost from them. In fact, it is a plus from 4Q to 1Q. The third is that last year, there was a recall that cost about 800 million yen for the quality of the nobility business, so if you compare it to that, it is a result of touching the plus side.

The contents are completely different.

There are various things, so there is such a plus and minus.

Thank you. I feel that the execution rate of the number you received in the second class is very high.

This is the part that was not used in the first class that was asked earlier, and it is off to the second class. There is such a thing. So, as I said earlier, it is a part that does not work well in the second class.

Thank you very much. The second question is about the components. In Kamiki, there is information about 500 million yen of sales profits. If you calculate it simply, it is about 200 million yen. The positive impact was made based on the premise of 145 yen, and I think that about 3 billion yen in water is the increase in profits. The temporary overbreath of the actuator in Q1 and the As I mentioned earlier, there is an increase in the number of shipments for game-making. I think that's one of the reasons for the increase in the number of shipments for game-making. However, I would like to ask you to explain in detail the factors that caused the increase in the number of shipments for game-making. That's all from me.

First of all, let's look at this figure. In the first quarter, we had a sales profit of 6.2 billion. In the second quarter, we had a sales profit of 9.1 billion, and in total, we have a sales profit of 1.6 billion. I'm actually predicting that we will have a sales profit of 1.6 billion. My question is, what is the difference between 6.2 billion and 9.1 billion? In fact, the most influential part of this 9.1 billion yen is the sales of actuators. This is the biggest part that overflows due to seasonal factors. Therefore, if you organize the sales again, the 1.9 billion yen is I think it was a plus compared to the one that always falls, but the second class is said to be according to the original plan, but the number of assumptions that it will originally rise due to seasonal factors is included. Therefore, the most important thing is that the part that comes out in this 910 million second class is that the sales of the actuator here will grow as a whole, or rather, the number will rise due to the fact that it will rise rather than the first class. That will be the biggest factor. The same goes for other companies, including Amizu, which is a private company, so the total number is 160.

As far as the elements of the paper machine are concerned, is it okay to understand that most of the actuators are actuators? Or is it okay to say that the game and the support are quite effective?

The actuators are big, but the support is actually not much on the bar graph. It also contributes to that.

I see.

Overall, it's good. Overall, yes.

I see. Thank you very much.

Next, Mr. Hirata, please. I'm Hirata from UBS.

Thank you very much. Regarding the question about the fixed cost, as the content of the fixed cost has decreased from 4 quarters to 1 quarter, we introduced items such as incineration cost, cost recovery from new software, and cost recovery of 8 billion yen for recall. Can you tell us how to think about going from level 1 to level 2? The collection from the input software is like a one-way train. Can you tell us how the movement of this fixed cost comes out after level 2 with mobility?

I will answer that question. As for the recall and other projects that were mentioned earlier, such content is of course one-off, so there is no one-off or two-off. Now, there was a question about the cost of the software. Regarding this part, it is also in the first quarter, and in fact, it is included in the plan even after the second quarter. Therefore, we cannot talk about the amount, but this part is included in the plus side even after the second quarter. We also have a budget based on that.

Did you understand what I just said?

You are not allowed to introduce this amount. Oh, the amount? How much is it? This is a little difficult to teach because the financial part is a little difficult to teach.

Is this an item that was not included in the basic plan?

No, it was included in the basic plan. It was included in the basic plan, but it is written as a comparison of the previous project, so it is included in the plan.

The second one is that due to the stability of the market, there is a net impact of about 800 million yen with a paper machine and 40 billion yen with a gloss. This is the current view, but how much is it originally seen on the gloss and net?

On April 30, when we announced the budget, we talked about a profit-benefit ratio of 2.3 billion yen. By doing 80% of the price increase to the customer, our direct profit-benefit ratio was about 5 billion yen. If you look at it simply as paper money and paper money, it is about 1.5 billion yen. Originally, the direct business profit effect was about 25, but compared to that, it seems that it is about 40 or 10, and it seems that it is about to fall to the hair.

I see. You haven't changed the current price of Shimo-kyu, so it's in the configuration of 115 and 25, right? Yes, that's right. Thank you very much.

Thank you very much.

Thank you very much. I'm Yasuta from Toyo Shoken. I'm sorry to hear about games all the time, but the reason why the game has not been corrected this time is that the capacity has already been created when viewed from the sound company, and the customer is already quite popular and it is in a situation where it cannot be obtained, but there is a bottleneck in other places and it is difficult to extend from the sound company side. Is it okay to understand that there is a situation?

Yes, I will explain the trend in the future from Izumi's point of view, but the fact that it has not changed now means that it has not changed the position of the Shimo period.

I understand that. The data on the 12th page shows that the trend of the Kamiki period has not changed from the previous time, but can you tell me how to think about this part?

As planned, we are working on it, so there is no such thing as bottlenecks in our area.

Since there are bottlenecks in other places, can I understand that it is difficult to mass-produce even if it becomes a situation where it is not available because it is popular from the source and cannot be obtained?

We do not know the basis of the answer to that question. I am sorry to say that we do not know the answer to that question, but we will answer that question.

As for the winter season, the weather forecast says that it will rain from the weather forecast, so is it possible to understand that the weather forecast is the same as the weather forecast?

At the moment, there are many variables. Thank you very much.

Thank you very much.