Let me begin my presentation. I would like to talk about our new medium-term management plan 2024 for JPX, which was launched today, April 1. At first, please refer to page two. The second page is a review of the current third medium-term management plan. First, following the system failure in October 2020, with the cooperation of market participants, we created an environment that enabled a quick and smooth resumption of trading. We revised the cash equity market structure and the Corporate Governance Code with the cooperation of listed companies and other market participants.
The new market structure will begin on April 4. With respect to derivatives, we launched the comprehensive exchange through a business combination with the Tokyo Commodity Exchange and subsequent product transfer and clearing house integration. With respect to data and the information field, new services have been realized through collaboration with external partners.
Furthermore, in addition to strengthening our BCP system by establishing the Kansai Backup Center, we have been providing ESG-related products and promoting our carbon neutrality. All in all, we have steadily implemented the four key strategies set forth in the third medium-term management plan. On the quantitative side, we have achieved the financial targets as set at the time of the plan's formulation. Operating revenue of JPY 130 billion, net income of JPY 50 billion, and ROE of 15% or higher in fiscal year 2020. We are also poised to achieve the forecast for fiscal year 2021 based on the revisions announced on March 22. This concludes my review of the third medium-term management plan. From page three, I will explain our future management policies. Please refer to page four.
In the mid- to long-term outlook of the external environment for JPX, we see a need to respond to the global shift toward a decarbonized society. Furthermore, we are also beset with various challenges both in Japan and abroad, and the world is poised to undergo a major transformation. During the discussions for our midterm management plan, we have decided to clarify our goals to be achieved by 2030 by reconsidering the changes in the external environment, not to be confined to the trajectory of the previous plans first to third. Please refer to page 5. Our medium- to long-term management policy has been reflected in the new long-term vision to be realized by 2030 or Target 2030 as outlined on page five.
Specifically, we aim to contribute to the sustainable societal and economic development by evolving into a global comprehensive finance and information platform, which provides solutions for a wide range of societal issues centered on the ability to raise and circulate capital. In addition, from an ESG perspective, we aim to become carbon neutral in securities market operations by 2030. Please refer to page 7. On page 7, I will explain the next three years based on our long-term vision. In the new medium-term management plan, the three years from fiscal year 2022 has been positioned as the first stage of progress towards Target 2030. We have been laying the foundation to realize our long-term vision. We strengthen the functions of a traditional exchange in terms of stable market operations.
At the same time, our determination of embarking upon domains without being overly constrained by the existing framework is reflected in our slogan of Exchange & beyond. The midterm management plan aims to contribute to improving the attractiveness of the Japanese financial and capital markets as a whole and enhance their global competitiveness. We will prioritize initiatives in three specific focus areas. Please refer to page 8. Focus one is facilitating a cycle of corporate innovation, growth, and asset formation. We will continue to actively promote initiatives to create an environment that supports the sustainable growth of companies from the fundraising aspect and to promote asset formation amongst individuals and further accelerate the shift from savings to asset formation. Furthermore, we will continue our efforts to improve the resilience and convenience of the market infrastructure. Next is page 9.
Focus 2 is achieving market transformation. We will strengthen interest rate related and derivatives markets as well as digital related initiatives. Particularly, the interest rate environment in Japan is currently stable at a low level, mostly driven by the Bank of Japan's monetary policy. However, because of the prevailing trend of interest rate hikes around the world, some impact for Japan is undeniable. In light of these changes in the environment, we are committed to fulfilling our role in a steadfast manner as a hub for capital circulation in the Asia Pacific region, including equities. Please refer to page 10. Focus 3 is promoting sustainability that connects a society and the economy. As the number of sustainability related products such as green bonds increases, we will strengthen information dissemination by developing an information platform for such products.
We will also contribute to the realization of a sustainable society from the standpoint of the capital market by providing ESG related indices and products as a stock exchange. The following pages 12 and 13 reflect JPX's measures reorganized from the perspectives of global strategy and green strategy. I will skip over the explanation of these pages. Finally, I will explain the financial policies on page 15. The JPX Group aims to contribute to the sustainable development of the market and the realization of a prosperous society through the measures outlined in this medium-term management plan. In FY 2024, the final year of the plan, we are targeting operating revenues of JPY 147 billion, net income of JPY 53 billion and ROE of at least 15%.
In addition, we will proactively allocate management resources to investments and research and development such as further improvement of market convenience and resilience, investments in new technology research and human resources in the digital field. The capital expenditure over three years of approximately JPY 50 billion is forecast. As for our capital, we will maintain our general policy of supporting the sustainable development and evolution of the market by making constant investment while keeping a balance between shareholder returns and financial resilience for stable market operations. This concludes my presentation.