During the last fiscal year (April 2022 to March 2023), society, the economy and people's lives continued to be significantly affected by new waves of COVID-19 infections during the pandemic. The seventh and eighth COVID-19 waves, in which the Omicron variant was dominant, outpaced the previous pandemic waves, and the number of new patients per day continued to exceed 100,000 nationwide.
Since the outbreak of COVID-19, the Solasto Group has faced many difficulties and it has overcome them together with its customers and other stakeholders. Last fiscal year was particularly a difficult year for the Group which has more than 30,000 essential workers. The customers of Solasto Group, their family members, and a number of our employees became infected with COVID-19. There was also a notable decline in the use of elderly care services, mainly day care services.
Amid this difficult business environment, we have achieved the growth of both net sales and operating profit for the 10th consecutive year. I would like to thank all our stakeholders including our customers, business partners and investors. I believe we couldn't have achieved it without their support.
On May 11, 2023, the Solasto Group announced its Medium-Term Business Plan 2025, which ends in FY2025. Under the theme, "Establish pillars for sustainable growth through exceptional differentiation of core businesses and aggressive investment in innovation," we aim to achieve net sales of 165 billion yen and operating profit of 10 billion yen in FY2025.
Since MBO in 2012, the Solasto Group has achieved significant growth and transformation.In today's rapidly changing business environment, we will focus on important short-term issues and take medium-to long-term measures with the aim of achieving further growth.
We are finally getting out of a long closed-off period, and entering the new normal of the post-COVID-19 era. In Japan, where the population is aging, in addition to the labor shortage, we are facing a variety of challenges, including the improvement of compensation for essential workers, responses to increasing social security expenditures, and the promotion of DX in the medical industry.
We will address these issues and pursue the Solasto Group's corporate philosophy through the integration of people and technology, the creation of new businesses while reforming existing businesses and our continued contributions to solving social issues and providing valuable services through our business. We will strive to increase the satisfaction of all stakeholders as well as to achieve the sustainable increase of our corporate value.
Born in 1957, he grew up in Osaka Prefecture. He formerly held executive positions at McDonald's Japan and Lotteria Co., Ltd.
After serving as President and Representative Director, CEO of Burger King Japan Co., Ltd., he joined Solasto with the position of Senior Managing Officer and Executive General Manager of Elderly Care Business Division in February 2014.
He assumed the positions of Director, Senior Managing Officer and Director in January 2016, and Executive Vice President and Representative Director in June 2018. He then became President and Representative Director in April 2019.