Today, both individuals and companies are required to address many urgent social issues. These include solving global environmental problems, moving toward a sustainable society, overcoming the spread of COVID-19, and establishing a new normal lifestyle.
In these environmental changes, OKI has been promoting measures in line with its new medium-term business plan, which was launched in 2020, with the aim of becoming a responsible company that will be needed even more by society in the future. Our key message is "Delivering OK! to your life." Taking advantage of OKI's strengths in network technology, installed base of terminals, and customer relations, OKI is working to realize products and services that resolve seven social issues (aging infrastructure, natural disasters, transportation issues, environmental issues, labor shortages, labor productivity, and infectious diseases) based on its newly established materiality (material issue).
For fiscal 2021, the second year of the medium-term business plan, we expect net sales to increase by ¥7.1 billion year on year to ¥400.0 billion, operating income to increase by ¥2.5 billion year on year to ¥12.0 billion, ordinary income to increase by ¥2.6 billion year on year to ¥12.0 billion, and net income attributable to owners of parent to improve by ¥3.7 billion year on year to ¥3.5 billion. We will complete a series of structural reforms and actively invest in future growth while aiming to increase both sales and profits from the previous fiscal year.
OKI will support the social infrastructure, realize safer and more convenient lifestyles, and aim for sustainable growth together with society. We are grateful for the continuing support and cooperation of all our shareholders and investors. I ask for your continued and steadfast support as we move forward.