What is your outlook for demand for vehicles with internal combustion engines (ICE vehicles)?

Although growth in the EV market has slowed, from a long-term perspective, as shown in our Medium-Term Management Plan, we expect demand for vehicles with internal combustion engines (ICE vehicles) to continue declining. At the same time, among ICE vehicles, we expect the share of hybrid vehicles, which require high catalyst performance, to increase. We will steadily capture demand for hybrid vehicles and convert it into earnings while also shifting our business portfolio.