Transcription courtesy of Skamander River
Hojo: This one... take him down to the Shin-Ra Mansion's basement.
Soldier: Yes, sir.
Hojo: Sephiroth... you've surely done it this time.
Hojo: Oh, it's you. Is Mr. Veld doing well?
Hojo: I see. How's the disposal of the village going?
Tseng: We have already begun the operation.
Tseng: But, is there really a need to go that far?
Hojo: Hah! You're still young.
Hojo: Your opinion and such doesn't matter at all.
Hojo: Hurry up with the disposal.
Hojo: Hmm... Just wait a second...
Hojo: This guy finished him, huh?
Hojo: Interesting... It really is interesting!
Hojo: I can use him as a new sample.