In fiscal year 2023, Sinanen Holdings faced very difficult results. We recognize that a major factor was bearing significant losses from the loss margin in the electricity business. However, we sincerely accept that we were unable to meet everyone's expectations. We will clarify our management responsibility and take all efforts to recover results in fiscal year 2024 by reforming the management structure.

We will also promote the enhancement of electricity supply and demand management with the aim of building a system that can secure earnings once again. Specifically, in the B to B business, we will promote transition to market-linked plans and reduce loss risks. Also, in the B to C business, we will participate in balancing groups (representative agreement system) with other companies, and outsource power procurement and supply and demand management. We forecast an operating profit of 2,800 million yen in consolidated results for fiscal year 2024 by enacting improvement measures based on the situation from fiscal year 2023.

While taking efforts for immediate improvement of results, we will also continue to strive for reforms looking toward medium-to-long-term growth. We will now transform employee awareness from being an energy company to a service company, and provide services appropriate to the area. As we once decided to shift to the retail business and expanded our LP gas-related businesses for future growth, we will expand our retail services to further strengthen our downstream strategy.

Also, we will redevelop domestic business foundations. In 2015, we shifted to a holding company structure and emphasized optimization of each business. On the other hand, the vertical business structure became fixed, so that there were cases of multiple business companies in the same area providing similar services. In the future, we consider it necessary to both take stock of the products and services provided in each area and reconstruct the business portfolio after grasping the Group's value proposition by considering the products and services that can be provided to each customer in specific regions. Specifically, we will integrate group businesses by area, build a customer base, and implement a well-balanced regional strategy. We aim to transform into a company responsible for providing high quality services close to the region by developing the Group's maintenance business network throughout the country.