FY2015 is the second and middle fiscal year of the three-year Medium Term Business Plan that runs to the end of FY2016. While single fiscal year results achieved in FY2015 are obviously important, we will also pursue business with a strong commitment to achieving Medium Term Business Plan targets.
The Company will fully adopt IFRS beginning in FY2015. Our full-year financial outlook for FY2015 projects net sales of ¥1,100.0 billion for a double-digit year-on-year gain, operating income of ¥77.0 billion for a 17% year-on-year gain, net income of ¥50.0 billion for a 23% gain, and ROE of 10%.
This is based on forex assumptions of 120 yen to the U.S. dollar and 130 yen to the euro. Although we realize there are various viewpoints regarding the outlook for rates of exchange given prevailing conditions in the forex market, we intend to issue results of forecasts calculated on the basis of the 120 yen to the dollar and 130 yen to the euro forex assumptions.
The Company will fully adopt IFRS beginning in FY2015. Our full-year financial outlook for FY2015 projects net sales of ¥1,100.0 billion for a double-digit year-on-year gain, operating income of ¥77.0 billion for a 17% year-on-year gain, net income of ¥50.0 billion for a 23% gain, and ROE of 10%.
This is based on forex assumptions of 120 yen to the U.S. dollar and 130 yen to the euro. Although we realize there are various viewpoints regarding the outlook for rates of exchange given prevailing conditions in the forex market, we intend to issue results of forecasts calculated on the basis of the 120 yen to the dollar and 130 yen to the euro forex assumptions.