This is the 4278th most frequent Japanese word.
光栄
Honor; privilege.
Here, '光栄' expresses the speaker's gratitude and recognition of the honor bestowed upon them.
このような素晴らしい賞をいただけるとは、光栄です。
It is an honor to receive such a wonderful award.
In this sentence, '光栄' signifies the privilege and respect associated with meeting someone significant.
あなたとお会いできて、大変光栄に思います。
I am greatly honored to meet you.
The use of '光栄' here reflects the pride and appreciation of being part of something important.