And we are planning to spend about an one hour and a half for this meeting or 90 minutes. First, CEO Mr. Miura will give you an outline of the accounts, followed by Q&A session.Satoshi Miura Good afternoon, ladies and gentlemen, thank you very much for joining us, despite your very busy and demanding schedule. Within I would like to start with this presentation of the financial results for the six months ended September 30, 2011. Let me start with page two, it’s entitled with highlights. As far as operating revenue is concerned we experienced increased in operating revenue for two consecutive years. And we are able to recover up to 5 trillion yen. As for operating income it was 685.5 billion yen and this – I will talk about this later on but this represents a decline on a year-on-year basis. However, this is due to temporary factor and such as the impact of the relative program expenses at DOCOMO. And also due to the impact from the earthquake. So primarily I would like to say of the operating income is in line with our initial expectation. So we are showing very robust growth. So bearing that in mind and again I will elaborate later, but we have decided to revise our initial forecast for operating income upwards to 1.25 trillion yen. As for mobile in DOCOMO is already provided there explanation, this is also smartphones in the first half increased rather this sales of smartphone either the first half was 3.63 million, which represent increased of 44% on a year-on-year. So the annual target was revised upwards to 8.5 million units and Packet ARPU was also increased by 150 yen on a year-on-year basis. So the annual target for Packet ARPU has been also revised upwards to 2,700 yen.
As far Global Business revenue, in tripled compare to the second quarter fiscal year 2010 and reached $5.4 billion. So we had hope to achieve $8 billion at the end of this fiscal and we also have hope to achieve $10 billion of global business revenue in March 2013. However we believe that will be able to achieve $10 billion of global business revenue at the end of this fiscal year, which means that we are able to achieve this target one year ahead of our original target.Let me now turn to return to our shareholders in July we carried share buyback of 58 million for 20 billion yen. And furthermore a resolution was adopted by the board today for cancellation of 125 million shares of treasury stock and for a buyback of up to an additional 44 million shares. Now through the share buyback carried out at this fiscal year and due to the increase in our operating income. We believe about that EPS for the current fiscal year will increased 10.5% year-on-year and will reached 425.48 yen. Let me now turn to three. This provides have the highlights of the consolidated result. Operating revenue was 5 trillion, 154.6 billion yen, which represents an increase of 125.5 billion yen on our year-on-year basis. Well voice service revenue declined we had expanded consolidation for Dimension Data and Keane. And also as I mentioned earlier we had increased sales of smartphones and also increased in ARPU. And also we saw increase in fixed line IP service revenue inclusive of FLET'S Hikari subscriber base. So that is – so these are the factors behind us result. As for operating income and to the communication and NTT Data experienced increase in their profit, however at DOCOMO and NTT East and NTT West there was a declining profit. So, operating income is excepted decline 41.5 billion yen on a year-on-year basis. Read the rest of this transcript for free on seekingalpha.com