 Good afternoon, Yoshi, and thank you for coming. First of all, congratulations on your reappointment as the chairman of Study Group 16, the well-known winner of ITUT's only primetime Emmy Award. Thank you very much, Toby. It's all to my colleagues and my management team and also reporters and also the delegates and especially the support from TSV. That is very useful for me and I'm very happy to continue my work in this new study period. In fact, the primetime Emmy came in the study period before last. Yes. So maybe you can start by giving us an idea of some of the highlights of the last four years for you. Yes. Among our basic work on multimedia coding and H300, 323 systems and also the network signal processing, the big achievement in our work first is the consolidation of the H264 recommendation and it has now got into the next step of the collaboration also with MPEG. I will touch on that later. Also, another big achievement is on IPTV family H700 series recommendations and we have so many family recommendations and also we are proud to leave the interoperability event and showcasing in this study period and I will also touch up on it later. Yes, interoperability has been a feature of ITT's work over the period but study group 16 has been very active there. Is that something that you plan to pursue into the next study period? We have already held four interoperability events and seven showcasing including this time and already we have received several requirements or invitation to do worldwide so we are sure to continue this kind of activity in the next study period. Do you think it will extend beyond the IPTV series of recommendations or will it stay within those boundaries? It depends on the requirements from the market but yes we are also discussing something for example whether it is interoperability event or workshop or interoperability or something like that for example the echo cancer or such kind of speech enhancement or something we have already discussed. Two other areas of work that I know that you are working on in the last study period which were interesting I think were telepresence and digital signage. Perhaps you can tell us a little bit about those two areas. We have already started the telepresence question in the last study period and regarding the digital signage we have already started it in the IPTV question but in this study period we will separate the question as an independent question and enhance it not only for IPTV case but also for other cases. So on these aspects we will make achievements I am sure in this study period. Very good. Are there any other areas that you would like to highlight that you are going to be working on from now until 2016? In this new study period I think that very important thing is collaboration with other bodies and one example is already we have been working with NPEG for video coding and it will be enhanced to high efficiency video coding it will soon come up and we have already set up new collaboration team for scalable enhancement and also 3D enhancement and the other is collaboration on ITS standards and this collaboration is a consolidated standardization activity among the many STOs and regional STOs and forums so this is a very unique collaboration because most of the collaboration we had was bilateral collaboration but this time it's multilateral so it should be very important and it should be very difficult or complicated work but I think it demands of the market. Of course by ITS you mean intelligent transport systems and this is an interesting area partly because we are starting to see some participation now from the vertical sector so from the car industry to the vehicle manufacturing industry and also the regional STOs so it's a very important project for the next study period. I think that's an excellent summary of both your previous work and your ongoing work and congratulations again thank you very much. It's my pleasure. Thank you.