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I will next discuss our medium-term targets and business strategies.
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Our medium-term target continues to be the creation of a business structure capable of consistently generating ¥300-400 billion in net sales and ¥40-50 billion in operating income as of FY2020/3.
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I presented these first four strategies for achieving our medium-term target at our FY2017/3 results briefing. We now add a fifth strategy, namely e-commerce. “E-commerce” as we use it here does not simply refer to online shopping of the sort offered by Amazon. We will strive to sell our own IP-related products through a diversity of channels. Our Merchandising segment currently generates sales of just over ¥7 billion, but by bringing that figure to ¥10 billion and then to ¥20 billion, we will bolster the foundation on which we generate continuous earnings.
