PHC Holdings Corporation

Thank you for joining the PHC Holdings Corporation Financial Results Briefing for the second quarter of the fiscal year ending March 2026. My name is Hirai from IR and Public Relations. I will be moderating today's session. I will explain how to participate in the meeting. Simultaneous interpretation in Japanese and English is provided. You can select your language for the slides. Instructions are available in the Zoom chat box if you need help. Please note that due to audio equipment settings, the microphones of our presenters are muted. Audio will be streamed from a separate account rather than from the presenters themselves. Now, let me introduce today's presenters. Kyoko Deguchi, President and CEO. Kaiju Yamaguchi, Director, Senior Managing Executive Officer and CFO. After their presentations, we will hold a Q&A session.

Now, Ms.

Deguchi, please begin. Good morning, ladies and gentlemen. I'm Dezuchi, President and CEO. Today, I will present the summary of the financial results for the second quarter of the fiscal year ending March 2026 and the full year forecast. These forecasts have been revised this time. I will present the executive summary and CFO Yamaguchi will explain the financial results and full year forecasts. First, financial highlights for the second quarter to date. Revenue was 173.4 billion yen. Although this was slightly lower than in the same period last year due to yen appreciation against the dollar, revenue increased when impact of exchange rates was excluded.