Kentaro Okuda
President, Group CEO, Representative Executive Officer & Director
This is Kentaro Okuda, Group CEO. Thank you very much for taking time out of your busy schedules to join our Investor Day today.
Let me begin with the most important point. We are significantly raising our numerical targets for 2030, ROE to 10% to 12% or more and income before income taxes to over JPY 750 billion by 2030. Following my presentation, the heads of our 4 divisions will each present their strategies. So in my part, I would like to explain the progress we have made in transforming our business model, the upward revision of our numerical targets for 2030 and our growth strategy and organizational foundation aimed at achieving those targets.
First, I’d like to review the progress we have made so far in transforming our business model. In the previous fiscal year, net revenue totaled JPY 2,167.7 billion. Income before income taxes was JPY 539.8 billion, and net income was JPY 362.1 billion. This represented both higher revenues and higher profits. Net income reached a record high for the second consecutive year. Income before income taxes and ROE are progressing faster than the targets we initially set when formulating our management vision for 2030. Each KPI is also progressing at a