Our consolidated financial results for fiscal 2018 (April 1, 2018 to March 31, 2019) showed decreases in both income and profit due to reduced production among our customers. Specifically, we posted 327.7 billion yen for net sales, 20.1 billion yen for operating income, 20.9 billion yen for ordinary income, and 12.8 billion yen for net income attributable to owners of parent.
Currently, the automobile industry is said to be undergoing “a major transformation that occurs only once every 100 years.” The keywords are “electrification,” “self-driving” and “connectivity,” and the keyword that especially affects us is electrification. Through advances in electrification, technological development that will enable lighter-weight vehicles and more efficient driving will become even more important. Unipres has been proactively pursuing technological development that supports electrification. In the car body business, we have been contributing to making car bodies more lightweight by leveraging our strengths, namely the technological development of high-tension materials and hot-stamped parts. We have also been focusing our efforts in the technological development and sales promotion activities to expand orders for battery cases for electric vehicles. In the plastics business, in order to make the car bodies more lightweight and improve aerodynamic performance, we will promote the use of plastics in battery cases, increase the size and expand the uses of various covers. We have also begun the development of parts for electric vehicles that leverage our precision technology.
As for the world economy, uncertainty continues to prevail with the trade friction between the US and China, UK’s BREXIT, among others. The automobile industry is undergoing a transformation that is changing the industry’s structural landscape, including cross-industry collaboration that extends beyond mere technological innovation, and the circumstances surrounding our company is becoming even more challenging. Although the circumstance surrounding our company is becoming even more challenging, we will all strive as one Global Unipres and further deepen UPS Activities to enhance our profitability and competitiveness by trying to build up a robust and flexible corporate structure that enables to take advantage of each opportunity. We ask for your further support and guidance.
Each year, Unipres Corporation conducts company briefings for individual investors as well as taking part in numerous IR events. In fiscal 2018, we held 19 company briefings around the country, with a total of 2,160 participants. In order to have individual investors of different age groups become more familiar with the company, we participated in briefings geared toward women and briefings held on Saturdays and deepened the understanding of many investors toward our company. As we will also be working hard to promote IR activities geared toward individual investors this year, we hope that you will participate in the events that will be held near you.