Mr. Akio Toyoda ? New President of Toyota

Thank you very much for coming today. I was appointed president of Toyota Motor Corporation at the Board of Directors meeting held on June 23rd, following the Ordinary General Shareholders? Meeting on the same day. In addition to my comments here today, our executive vice presidents will provide remarks on their areas of business. The global automobile industry has been facing extreme hardships since the latter half of last year. As for Toyota, we ended the last fiscal year with an operating loss of 461 billion yen. We expect our losses to deepen this fiscal year, and so all of us in the new management team at Toyota feel like we are setting sail during a storm...