In fiscal 2019 (the year ended March 31, 2020), consolidated operating income exceeded 20 billion yen, surpassing the full-year earnings forecast released in May 2019, and the interim fiscal year goals of the 8th Medium-Term Business Plan released in May 2018 . This was the third straight year of record-setting profit.
As part of our efforts to further improve business results, we have been steadily updating our business portfolio based on changes in the markets for each business as well as the internal and external resource situations. As a recent example, in March of this year, we transferred a 60% stake in Fuji Medical Instruments Mfg. Co., Ltd., a consolidated subsidiary, to Johnson Health Tech Co., Ltd. of Taiwan. Currently, we are concentrating our management resources on the Precious Metals and Environmental Preservation businesses, in order to focus on rapid realization of the strategies for both segments.
In fiscal 2019, we worked to accomplish our performance targets while striving to contribute to achievement of the SDGs. Specifically, we set priority SDG-related goals based on our Sustainability Vision and worked to achieve each goal. As part of this effort, the Asahi Holdings Group carried out the first green bond issuance (privately placed bonds) in both the non-ferrous metal industry and the industrial resource recycling business in Japan. We are using the funds raised to install eco-friendly facilities and equipment.
The Group is also promoting health and productivity management based on the conviction that the physical and mental health of every employee is a primary management concern. We have been providing enhanced medical examinations that exceed the legal requirements, and the employee participation rate is very high. We have also implemented a system to ensure that employees get a rest interval of at least 11 hours from the time they finish work, to the time they begin work the next day. In March 2020, based on recognition of these initiatives, we acquired certification from the Ministry of Economy, Trade and Industry as a 2020 Certified Health & Productivity Management Outstanding Organization.
The outlook for the global economy is very uncertain given the current COVID-19 pandemic, and there is growing unpredictability for business operations. We are striving to overcome this unprecedented social crisis by staying unified as a group in order to reward all our stakeholders through both business development and social impact. I appreciate your continued support for the Asahi Holdings Group.
Representative Director, President & CEO