Tetsuya Otake.

first, Mr. Otake will briefly discuss the highlights of Toyota's earnings results; and then Ms. Ota will take over the rest of the presentation. This will take about 10 minutes. After the presentation, you are welcome to ask questions.

Please note that the presentation contains forward-looking statements that reflect our plans and expectations, and our actual results may be materially different from these statements.

A complete cautionary statement concerning forward-looking statements is included on Page 2 of today's presentation material, and a complete cautionary statement concerning insider trading is included on Page 3. Both of the statements can be downloaded from our Internet homepage. Now I'd like to turn the call over to Mr. Otake..

Hello, everyone. Thank you for joining us today. This is Tetsuya Otake. I'd like to discuss Toyota's financial results for the past half of the fiscal year ending March 2014. Please see Slide 5. Our consolidated vehicle sales for the past half of this fiscal year decreased by 48,000 units to 4,468,000 units compared to the same period last year.

In Japan, sales were 1,101,000 units, down 91,000 units from the first half of the last fiscal year when eco car subsidies boosted demand. In North America, where the new car market has been solid, sales increased by 37,000 units to 1,298,000 units, driven by new models such as RAV4, Avalon.

In Asia, sales decreased by 60,000 units to 780,000 units, mainly as a result of the expiry of the first-time car buyer tax rebate in Thailand and the slowdown of demand in India. In other regions, the Middle East and Central and South America, in particular, contributed that sales increased by 71,000 units year-on-year. Please see Slide 6.

Our consolidated financial performance of the first half of this fiscal year resulted in net revenues of JPY 12,537,400,000,000; operating income of JPY 1,255,400,000,000; a pretax income of JPY 1,343,500,000,000; and net income of JPY 1,006,000,000,000.

This represents an increase of both revenues and earnings by comparison to the same period last year. Now I'd like to hand the rest of today's presentation over to Ms. Ota, our interpreter..

net revenues of JPY 25 trillion; operating income of JPY 2,200,000,000,000; pretax income of JPY 2,290,000,000,000; and net income of JPY 1,670,000,000,000. Now please see Slide 18 for the analysis of our latest operating income forecast in comparison to our previous forecast.

We revised our operating income forecast upward by JPY 260 billion to JPY 2,200,000,000,000. This is because of the progress in the profit improvement activities through marketing and cost reduction efforts in addition to the change in our foreign exchange rate assumption due to the weaker yen.

We will continue to focus on strengthening our profit structure through continued growth profit improvement per vehicle and control of fixed cost in order to achieve sustainable growth. Finally, please see Slide 19 for our revised forecast of CapEx and depreciation expenses.

With regard to investment in necessary areas, we plan to utilize our resources actively and flexibly, while pursuing efficiency even more than before. So this concludes my presentation on the financial results for the first half of the fiscal year ending March 2014. Thank you very much for your attention..