Toagosei Co., Ltd. 3 President Particular focuses are the following three initiatives, which, if launched at an early date, will strengthen earnings capability. Firstly, a General Center of R&D is being established adjacent to our Nagoya plant, enabling us to avoid duplication of research efforts by clearly separating product development and Groupwide research. We expect results on both fronts at an early date. Secondly, by launching production of acrylic polymer in Singapore, we will be able to service increasing demand in Southeast Asia and India. Thirdly, we have acquired manufacturing facilities for intermediate raw materials for feed additives, positioning us to respond for globally expanding demand for this product. The Group is united in its commitment to meeting its obligations as a corporate citizen, earning still deeper public trust and creating a model for sustainable growth. We thank you for your understanding, and look forward to your continuing support.