Welcome to the Honda Financial Results Audio Presentation. On July 31, 2012, Honda Motor Company announced its financial results for the fiscal first quarter, which ended on June 30, 2012. Through this audio presentation, we would like to review the financial results and highlight the major factors, which influenced Honda's business operations during the period. The presentation material which will serve as the basis for today's program is available on Honda's Investor Relations website at http://world.honda.com/investors/. For those of you who have not yet downloaded the material, please do so now as we will start immediately following our forward-looking statement. Forward-looking statement. This audio presentation contains forward-looking statements as defined in Section 27A of the Securities Act of 1933 as amended, and Section 21E of the Securities Exchange Act of 1934 as amended. Such statements are based on management's assumptions and beliefs taking into account information which is currently available, therefore please be advised that Honda's actual results could differ materially from those described in these forward-looking statements as a result of numerous factors including general economic conditions in Honda's principal markets and foreign exchange rates between the Japanese yen and the U.S. dollar, the euro and other major currencies, as well as other factors detailed from time-to-time. The various factors for increases and decreases in income have been classified in accordance with a method that Honda considers reasonable. Before explaining the results, we would like to briefly review the global economic environment during the past quarter. The U.S. market showed continued signs of a gradual recovery. However, the unemployment rate has remained at a high level and housing investments have been sluggish. The European sovereign debt crisis continues to be a major cause of concern. The European market has slowed down to a standstill. Serious concern over the future…