Mr. Nagayama
general manager of the accounting department
Replay available
Ms&Ad Ins Grp Hldgs Ord (OTC: MSADF) Q1 2027 earnings conference call, held 2026-08-14. Replay captured from the company's public earnings webcast.

general manager of the accounting department
Ladies and gentlemen, esteemed investors and analysts, thank you very much for taking time out of your busy schedule to join today s earnings conference call for MSNAd Insurance Grp Hldgs Inc. My name is Hayashi from the IR department, and I will be moderating today s session. Also participating are Mr. Nagayama, general manager of the accounting department, together with the colleagues from both the IR and accounting departments. The presentation materials are available on our company's website under the Investor section, specifically in the IR events area listed alongside the earnings release and other related disclosures for the fiscal 2026 first quarter results. Please have these materials ready as we proceed. As with our previous conference calls, we have included a summary of today's presentation in the materials. Therefore, at the outset, I will focus only on the key points, and we will dedicate most of the session to the Q&A. We aim to conclude the entire meeting in approximately 45 minutes, and we appreciate your understanding. Furthermore, please be aware that today's presentation may include forward-looking statements based on our current forecast. Such statements are subject to risks and uncertainties, and actual results may differ materially from these projections. We kindly ask for your understanding in this regard. Now, let me briefly outline the key points of our financial results. The key highlights for today are shown on page 4 of the presentation materials. First, adjusted profit for the first quarter of fiscal 2026, excluding gains from the sales of strategic equity holdings, was 251 billion yen, an increase of 64.7 billion yen year-on-year. This represents solid progress at 47.2% of our full-year forecast. In addition, Grp Adjusted Profit, which ...