Trend Micro Inc S/Adr (TMICY) Q1 2025 Earnings Call

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WEBVTT 00:00:00.166 -- 00:00:02.831 So this is the first quarter summary result. 00:00:02.831 -- 00:00:06.056 The revenue has grown by 2%, 00:00:06.056 -- 00:00:11.145 and the operating profit has increased by 24%, and the operating profit 00:00:11.145 -- 00:00:16.254 margin is growing nicely. And we will be presenting another 00:00:16.254 -- 00:00:22.301 slide to explain this in detail, but out of this operating profit, due 00:00:23.487 -- 00:00:27.432 to the stock price increase, there 00:00:27.432 -- 00:00:32.279 are some remuneration linked to the stock price is included here. 00:00:32.279 -- 00:00:37.744 So if the stock price does not go up, then 00:00:38.347 -- 00:00:40.110 practically 00:00:40.110 -- 00:00:45.297 there is an increase of 34%. But the recurring profit minus 9% main reason is due 00:00:45.297 -- 00:00:48.662 to the translation loss of the exchange rate. 00:00:48.662 -- 00:00:50.784 Because of the 00:00:50.784 -- 00:00:55.878 lower dollar, higher yen, there was some translation loss, and 00:00:55.878 -- 00:00:57.902 that is 00:00:57.902 -- 00:01:03.233 posted here. And this pre-gap is minus 8%, and this is totally 00:01:03.233 -- 00:01:07.759 different from the previous quota. So what is happening? 00:01:07.863 -- 00:01:09.527 So 00:01:09.527 -- 00:01:13.270 that is explained by using this slide. 00:01:13.707 -- 00:01:15.169 and 00:01:15.169 -- 00:01:19.335 that is mainly coming from the consumer business of minus 27%. 00:01:19.335 -- 00:01:24.982 And the reason for that, well, already in the fourth quarter, last fiscal year, 00:01:24.982 -- 00:01:30.190 as we have explained in the earnings results meeting, there is an 00:01:30.190 -- 00:01:34.496 EC payment processing company overseas, 00:01:34.496 -- 00:01:36.218 a digital 00:01:36.218 -- 00:01:...