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Good afternoon. My name is Nane and I will be your conference operator today. At this time, I would like to welcome everyone to the KEMET Discussion for the NEC TOKIN Joint Venture Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. (Operator Instructions) Thank you.
Mr. William Lowe, you may begin your conference.
Thank you, Nane, and good afternoon, everyone. And welcome to KEMET’s conference call to discuss our announcement this morning regarding acquisition of a 34% interest in NEC TOKIN and our option to acquire 100% over a period of time. This is Bill Lowe, Executive Vice President and CFO. And on the call with me today is Per-Olof, our Chief Executive Officer.
We are speaking with you today from Tokyo, Japan, for us it is very early Tuesday morning. As – I remind that you we have a few slides available on our website, specifics to which we’ll be referring to today. And there is a video piece in parallel with similar comments that we’ll share with you on this call this morning for future reference. Please go to kemet.com and click on the Investor Relations tab in the top right portion of our homepage. Once there click on the NEC TOKIN joint venture conference call, link to access this information. The video can be accessed by the link on our own homepage.