Transforming ourselves to drive change, we will generate significant growth through our distinctive ESG activities "Kirei*1 Action."
I would like to thank you, our shareholders, for your exceptional understanding and support of the Kao Group's business and corporate activities.
While passing down our Yoki-Monozukuri *2 spirit, we have been conducting corporate activities aimed at achieving the wholehearted satisfaction and enrichment of the lives of people globally and contributing to the sustainability of the world. It has been 130 years since we launched the first high-quality facial soap produced in Japan. During this time, the society and economic environment have seen dramatic changes, and people's lifestyles have also changed accordingly. Along with this, we have been transforming ourselves and achieved significant growth.
Yoki-Monozukuri implemented by the Kao Group to date has also pursued environmental and user friendliness while staying close to society and people and quickly understanding their needs. However, the recent changes taking place in the business environment and society, increase in the amount of information available caused by the digital revolution and the resulting changes in consumer awareness, are unprecedented in terms of their speed and scale. Along with this, social issues beginning with the worsening global environment are rapidly increasing in severity, and the responsibility of global corporations has become even heavier.
Therefore, in 2019 we declared our commitment to shifting to ESG-driven management. This is not an extension of our existing value of Yoki-Monozukuri, but a way to realize a more sustainable society focused on the future and management actions to do this.
In addition, we announced our ESG strategy, the "Kirei Lifestyle Plan", which further integrates ESG into our business strategy, in fiscal 2019, the third year of the Kao Group Mid-term Plan 2020 (K20). The "Kirei Lifestyle Plan" was established based on the Kao Group's Yoki-Monozukuri spirit to serve people's needs and desire to live a more sustainable lifestyle. The Kao Group defines this desired life as the "Kirei Lifestyle", and aims to advance innovations in all aspects of business to contribute even more to society.
Kao continued to grow in fiscal 2019, achieving 10th consecutive year of increases in operating income, 7th consecutive year of record-high operating income and 30th consecutive year of increases in dividends.
While staying close to consumers and customers, we at the Kao Group will boldly take on challenges so that we can contribute to the lives of people globally and the sustainability of the world.
I would appreciate your continued understanding and support of the Kao Group's business and corporate activities.
President and Chief Executive Officer