On March 31, 2023, we concluded our medium-term management plan Chori Innovation Plan 2022. Over the last three years, we faced many challenges, namely the COVID-19 pandemic, the conflict between Russia and Ukraine, and other cases of global instability. Despite this, in fiscal 2022, the final year of Chori Innovation Plan 2022, we achieved all of our numerical targets, including net sales, ordinary income, net income attributable to owners of the parent, ROA, and ROE, posting our highest results for ordinary income and net income attributable to owners of the parent for the second year in a row. We would like to express our deepest gratitude to all of you for your continued support.
In fiscal 2023, we unveiled Chori Innovation Plan 2025, our new medium-term management plan. Under Chori Innovation Plan 2025, we will strive to further enhance corporate value by steadily implementing three basic strategies: promote consolidated management centered on our global business, develop sustainable businesses that adapt quickly to the changing business environment, and promote ESG management. Over the course of the next three years, we will also implement various reforms and solidify our management foundation to realize VISION 2030, our near-term vision of where we want to be by 2030.
Since its founding in 1861 as a raw silk wholesaler in the Nishijin District of Kyoto, Japan, Chori has been weaving its history for more than 160 years. Today, Chori boasts outstanding capabilities and expertise in the areas of textiles, chemicals, and machinery and continues to evolve as a multifaceted specialized trading company that has built a global network consisting of 30 subsidiaries and representative offices overseas, primarily in China and the ASEAN region. I believe our 160-year history is the very essence of our sustainability, and going forward, we will do whatever it takes to achieve sustainable growth and increase corporate value so that, in keeping with our corporate slogan of “Making your dreams come true,” we continue to fulfill the dreams and expectations of all of our stakeholders.
We look forward to your continued support and cooperation.
President & Chief Executive Officer & Chief Operating Officer