Yamaha Motor Co., Ltd.

comma dot quote comma opening parenthesis comma closing parenthesis comma katakana middle dot dot. Good afternoon, and thank you very much for attending our presentation today. We would now like to start the fiscal year 2026 first quarter earnings presentation for Yamaha M. Before the presentation, I would like to introduce the presenter for the day. Our executive officer, Hashimoto, will first have the earnings presentation.

Then, after that, there will be an advanced explanation by business.

After that, we will have a Q&A session for the media, and then a separate session for analysts and investors through Zoom. The presentation material has been uploaded on the Yamaha Motors corporate website. I am Hashimoto from Yamaha More. Thank you very much for attending the Yamaha Motor Earnings presentation today, despite your very business schedules. I would like to take this opportunity to express our sincere appreciation for your continued support and understanding for our business operations. Now, I would like to present our business results. First, starting with the key points. Please refer to page 4, the 2026 results, compared to the same period of the previous year, we have seen an increase in revenue and profit across our business, especially in motorcycle business, we have seen an increase in sales which led to growth in revenue. The US and the rising raw material prices have had an impact, however, with increasing sales and appropriate cont. Also, as we have presented in the February presentation, the structural reforms in the United States are going as scheduled. The future outlook for reciprocal tariffs have been ruled unconstitutional, and our products have been exempted from the steel-aluminum wear expecting an induction-inflicted impact. The raw material prices are on the increase and also the uncertainties eye on unclear outlook situation will continue and therefore, however, we have maintained our full year plan we will not change it and we will continue to strive to achieve the plan. There is in raw material prices as well as procurement and reduction, so that we can minimize the impact. The US structural reform has been carried out at accelerated pace and in order to improve our profitability. The Middle East situation hashed on impact in manufacturing and procurement, however, with the collaboration with our supplier Sandalso view of allocation among key sites. Comma Comma Katakana Middle Dot Opening Parenthesis Closing Parenthesis Dot We believe that this only has savory limited impact currently, and we will continue our measurements, and we will closely monitor the impact on our business performance. Next, Unit Sales and Inventory. Please refer to page 5, the table on the left shows the core products total demand and unit salary. Anonendotherma Jormers. We have seen a strong wholesale shipments. Last year, the shipments was down in Vietnam, but now the plan operations has normalized and Solisys recovering steadily. Fond, India, Philips Grow India The levying Provenal Tax Essay Have Been Delayed Able Effect In Demand And Retail Sales Increased Outbarred Motors In North America, Andean Europe The Sales Has Been Steamed Unit Sales Has Skied The Previous Looking At The Right Hand Graph, Market Inventory Ice Compared With The Appropriate Level Where market sales is trending well, the inventory level lie slightly below the appropriate level, however, we do not want to miss this opportunity. The four we would like to catch up, catch up the production of our product. Next, the overall business results. Please refer to page 6. Comma Katakana Middle Dot Dot First Quarter of 2026 revenue versus the previous year was 117% at 730.1 billion yen Operating income against the previous year was 144% at 62.6 billion yen Operating income plus 1.6 points from the previous year was 8.6% Net income attributable to owners of parents against the previous year was 135% at 41.3 billion yen EPS versus the previous year was 135% at ¥42.52.