Chair: Let's begin with the figures. Mr Dunn?

Dunn: Revenue is down twelve percent.

Chair: We say "has been recalibrated".

Dunn: Recalibrated downwards.

Chair: In the minutes: "adjusted in line with market realities".

Ito: Which market? Ours is the only one that has fallen.

Chair: Ms Ito, let's not be negative.

Ito: I'm not negative. I'm arithmetic.

Dunn: Perhaps we could say the company is "entering a phase of focus".

Ito: Focus on what?

Dunn: On not losing twelve percent again.

Chair: Very good. That is honest enough for the minutes. Sam, are you recording this?

Sam: Yes. Should I write "honest enough"?

Chair: Absolutely not.

Ito: May I suggest a headline for the annual report? "We Noticed."

Chair: Thank you, Ms Ito. Next item.

Fiction note: All people, places and events in this dialogue are fictional.