Yusaku Kobayashi
Inner Auditor
[Interpreted] It’s time, so we wish to start. All proper. Good night. That is Kobayashi. We wish to start. Thanks very a lot for participating in ZOZO’s FY 2026 First Quarter Convention Name. From our agency, we now have the Govt Vice President and CFO, Yanagisawa in addition to myself, Kobayashi. With out additional ado, we wish to have Yanagisawa to take you thru the earnings outcomes.
Koji Yanagisawa
Govt Officer, CFO, Govt VP & Director
[Interpreted] Everybody, good night. I wish to take you thru the FY 2026 Q1 outcomes. First, if you happen to might flip to Web page 6, I wish to begin us off with a proof of the repurchase of shares and their cancellation that we introduced on June 16.
[Interpreted] This initiative will allow us to additional strengthen our shareholder returns and enhance our capital effectivity, thereby enhancing our company worth.
[Interpreted] Since FY 2023 ending in March ’24, we now have aspired to realize a mean whole shareholder return of 80% over the span of 5 years. Primarily based on 70% dividend payout ratio, we now have taken into consideration our money place and share worth ranges and have flexibly purchased again our shares in order that we will additional improve our shareholder returns.
[Interpreted] Now we have determined to repurchase our shares from the market with a most whole buy quantity of JPY 30 billion or 43 million shares.
[Interpreted] The repurchase interval is scheduled to run from June 17, 2026 by way of December 30, 2026.
[Interpreted] Furthermore, all of the
