Japan electronic company, Sony has set a target for the current business year of logging its highest operating profit in two decades.

President and CEO Kazuo Hirai reported on the firm’s 3-year plan for fiscal 2015 to 2017.Kazuo  said Sony aims to post an operating profit of at least 500 billion yen, or 4.5 billion dollars, in the plan’s final year. He expressed confidence that the target will be achieved.

Hirai said the firm will focus on high value-added products in the TV business. It plans to increase sales of 4K ultra high-definition sets to more than 70 percent of its overall sales, up from 60 percent in the last fiscal year.

Sony also plans to emphasize high-profit sectors such as gaming and music.

Hirai ffurther added turning around the company’s film business may take time. The sector logged a loss of one billion dollars in fiscal 2016.

Hirai said the company is now strong enough to hit the targets. He said fiscal 2017 is an important year for achieving results