Our business environment is changing at a very rapid pace. The so-called fourth industrial revolution is transforming our lives with digital technology such as IoT, AI, and Big Data. Meanwhile, sensitivity toward social and environmental issues continues to rise around the world, exemplified by the agenda for sustainable development goals (SDGs) adopted by the UN in 2015.
Asahi Kasei has continued to create new value in accordance with our Group Mission of contributing to life and living for people around the world by always adapting to the changing needs of the times through our diverse business operations. We believe the current period of rapid change presents great opportunities for us to provide innovative solutions which meet emerging needs.
With our Cs for Tomorrow 2018 (CT2018) management initiative for the three-year period from fiscal 2016 to 2018, we are building the foundation to create a portfolio of high profitability and high value-added businesses by fiscal 2025, ten years from the start of the initiative. We have made solid progress, and in fiscal 2017, the second year of CT2018, sales in each business were robust, especially in Chemicals where improved market prices for acrylonitrile bolstered performance. As a result, we marked record highs in net sales, operating income, ordinary income, and net income attributable to owners of the parent.
In fiscal 2018, the final year of CT2018, we are continuing to make proactive investments for growth while addressing environmental, social, and governance (ESG) issues in accordance with our Group Mission, Group Vision, and Group Values.
By drawing together our diverse businesses, human resources, and technologies, we will achieve growth as only Asahi Kasei can. We continue to value proactive communication with our stakeholders as part of a commitment to appropriate and highly transparent disclosure.