Our consolidated financial results for the fiscal year 2020 (from April 1, 2020 to March 31, 2021) showed decreases in both income and profit due to the effects of reduced production among our customers caused by the global spread of the novel coronavirus (COVID-19). Specifically, we posted 234.5 billion yen for net sales, -11.3 billion for operating income, -9.1 billion for ordinary income, and -17.6 billion in net income attributable to owners of parent.
2020 was a very difficult year that we have never experienced. Despite our consolidated financial results for the first half of fiscal 2020 reporting the biggest losses since our founding, the effects of various initiatives taken to improve profitability gradually became evident in the second half of the year, and we were able to return to profitability in the fourth quarter. We hope to maintain this momentum in fiscal year 2021 and thereafter, and recover the corporate structure capable of reliably generating profits within the period of the Medium-term Management Plan from FY2021 to FY2023.
In recent years, companies are requested to engage in initiatives to solve social issues, as well as secure profits. In the past year or so, the world’s leading nations including Japan have declared their commitment to becoming carbon neutral, and the realization of a post-carbon society, in particular, has become a pressing issue.
The Company to date has been making efforts to raise the level of product development and technology development that contribute to the expansion of electric and lightweight vehicles, including the molding technology of ultra-high tensile materials and hot-stamping materials. Currently, the Company has begun deliberations to set policies and targets that would contribute to carbon neutrality. These initiatives will not only work toward solving social issues but also ultimately lead to the reinforcement of our competitive edge. We will all strive as one Global Unipres and further deepen UPS（Unipres Production System）Activities while promoting sustainability management to aim for sustainable growth by trying to build up a robust and flexible corporate structure.