[SIE will not release large-scale first-party IP works before March 31 next year] The company’s president, chief operating officer and chief financial officer Totoki Hiroki mentioned in SIE’s third quarter earnings statement for fiscal year 2023 that the company is "No new existing significant first-party IP works" will be released in the next fiscal year ending March 31, 2025. However, it should be noted that "existing major IP works" mainly refer to works such as "God of War" and "Marvel's Spider-Man". Rather than non-significant IP works such as new IP "Concord" and "Until Dawn". Regarding the future, Toki Hiroki believes that the cost burden related to acquisitions will be reduced in the coming year, but profits from first-party software will be slightly lower than this fiscal year due to lower sales. As for the PS5, which is about to enter its fifth year, he expects sales to gradually decline starting from the next fiscal year, but third-party software sales will continue to gradually expand. Finally, Totoki Hiroki talked about his journey as President of SIE since October last year. He believed that focusing on business growth, sustainable profitability and profit margin growth was the focus of the company's development, and hoped that employees would be able to do this. Have a deep understanding. At the same time, he believes that employees in each studio are highly motivated and creative, but there is still room for improvement in terms of business, especially in terms of fund use, development progress, and fulfillment of responsibilities. He promised to continue conversations with the team to find the right way forward.