We would like to ask for further understanding and support from our shareholders. I am Shigeo Tamura, taking the chair of the president as of June 29.

We offer our heartfelt apologies to our shareholders and parties involved for causing grave concern and inconvenience over the occurrence of the governance problem regarding the appointment of company officials in the past, and the fact that some of the proposals on the appointment of officials were voted down at the 54th general shareholders' meeting.

Our urgent task is to regain confidence from our shareholders and all the stakeholders of our group, and by doing so, the new officers of the company will aim to achieve our Medium- to Long-Term Management Plan as early as possible. We would like to ask for further understanding and support from our shareholders.

For the fiscal year ending in March 2023, our business achieved net sales of 25.5 billion yen, due to the termination of the exemption of rent and heating charges for air carrier clients due to the impact of COVID-19, an increase in the use of area heating and cooling service, and the recovery of water supply and drainage service usage. On the other hand, with the start of the Haneda Airport 1-Chome Project, which is the redevelopment of the place of the company’s founding, there will be a new burden of depreciation expenses related to asset retirement obligation. Further, there was also an increase in the raw material expenses for the area heating and cooling business due to the increase in energy prices, resulting in operating income of 2.5 billion yen and ordinary income of 2.1 billion yen.

We have also reported reimbursed consumption tax in the first quarter, and an extraordinary profit from the sale of the hotels in Kyoto in the fourth quarter. On the other hand, an impairment loss was reported as an extraordinary loss due to the expected demolishment and redevelopment of Osaka Sogo Building, resulting in net income of 1.5 billion yen.

Based on such results, we will pay a year-end dividend of 7 yen per share as we promised. The annual dividend is 14 yen per share.

Our group announced the Medium- to Long-Term Management Plan in May 2022, and the first year of the plan is now over. Regarding the aircraft fund for which we signed an investment contract last July, we have obtained the first aircraft. Also, regarding the promotion of non-asset business, which is one of our priority measures, we have acquired our first real estate for sale in Hiroshima City, Hiroshima Prefecture, in order to promote the initiative to acquire real estate, raise the asset value, and gain profit, and compose a privately-placed REIT. We believe that we took a step closer to realizing a business portfolio resilient to risks through the diversified profit sources and the improvement of asset efficiency.

We will be engaged in various initiatives in the second year as well to aim for the early achievement of the Medium- to Long-Term Management Plan.

We ask for ongoing understanding and support from our shareholders and investors.