August 19, 2016,09:00 +0900(JST) Partners' Meeting

We held a partners' meeting this year again. The event was attended by representatives from many partner companies, which always provide generous support for our group's business.

The meeting consisted of two parts. In the first section, I gave a presentation on the outline of our group's business performance. Also, Managing Director in charge of procurement, Makoto Tani, explained our FY2016 procurement policy, while Managing Director Akira Nishimura described some topics regarding our Infocommunications business segment.
This was followed by a commendation ceremony of excellent partners. This year, I presented the representatives from three companies with crystal trophies and Japanese sake as a commemorative item.

In the second section of the event, we held a gathering, drawing approximately 200 persons from our partner companies, which always support our business. In a friendly atmosphere, the gathering served as a significant opportunity for participants to have a wider circle of interaction with each other.

The problem of the U.K.'s withdrawal from the EU arose, leading to the forecast that there will be great changes in the future environment. However, the meeting made me aware even more that now is the time when we need to further reinforce the ties with our partners in order to overcome a wide variety of difficulties.

With the award winners
With the award winners

August 17, 2016,09:00 +0900(JST) Presentations of Our Group-wide Improvement Activities

On the other day, I attended the annual presentation event of our company-wide group activities (G-katsu). Launched in 1958, these activities have celebrated their 59th anniversary this year, and have now developed into those involving as many as 65,000 participants on a global basis. Selected from among such participants, representatives of each production group give presentations on their themes. I listened to such representatives' passionate presentations.

On the day of the event, I also listened to the presentation by the group winning the best award at the presentation event held in China, which has marked the 10th anniversary this year. Impressed by the high level contents of the presentation, I was keenly aware that our group-wide improvement activities, which we have been developing over many years, are also implemented successfully in China, a country with a different culture. Feeling that this was also one form of diversity, I felt very happy about it. At the same time, I was hoping that these group activities would be spread not only to China, but also to many other parts around the world, and carried out proactively.

Designed to develop human resources and to invigorate workplaces, the group activities are important to the Sumitomo Electric Group, which boasts a long history and tradition. Even if you cannot achieve the goal by yourself, you might be able to do so and accomplish a great achievement, if you work with others and share wisdom through active communication. The repetition of this process will make our workplaces and company even stronger, and based on this belief, I hope that these group activities will be continued.

  • Talking with the winners of the best award of the Chinese event
    Talking with the winners of the best award of the Chinese event
  • With award-winners
    With award-winners

August 15, 2016,13:05 +0900(JST) Mr. Tamura to Compete in the Olympic Games!

The other day, Mr. Tomoya Tamura, a member of our athletics club, visited me to report that he will compete in the Rio Olympic Games. Unfortunately, I could not attend the send-off party for him, held on July 29 at the Itami Works, but I heard that the party took place in an exciting atmosphere with the attendance of approximately 200 employees. I'm very happy that all members throughout the Sumitomo Electric Group are united in supporting Mr. Tamura.

According to Mr. Tamura, although he has traveled to many foreign countries to train and compete in championships, this is the first time for him to visit Brazil. I encouraged him to do his best while taking due care to maintain his physical condition despite the long journey, the different time zone, and the unfamiliar surroundings.

I wrote a message of support for him on a flag, as many other employees have done. The men's 4 x 400 meter relay will be held on August 20, Japan time (August 19, Local time), which will coincidentally fall on Mr. Tamura's birthday. I hope that he will put in an excellent performance in Rio so that he can turn his birthday into a delightful commemorative day. Let's root for him.

  • Writing a message of support
    Writing a message of support
  • Center of front row: Mr. Tamura
    Center of front row: Mr. Tamura

July 15, 2016,14:00 +0900(JST) The 100th Japan National Championships

Last week, I went to watch the Japan National Championships, held in Nagoya.
On reaching the major milestone of its 100th anniversary, the event included the presentation of flower bouquets to winners by Japanese record holders and other legends from the Japanese athletics world, and the establishment of a centennial historical exhibition section. Partly because this year's meet doubled as a qualitative competition for the Rio de Janeiro Olympic Games, I felt that the championships were much more exciting than usual.

On the second day of the event, the day before I went, the championships were unfortunately held in the rain. But on the third day, the weather became fine and I watched the games with the temperature climbing up sharply.

Some members of our athletics club also competed in the championships, prompting supporters from our company to root for the athletes even more enthusiastically. With this as the background, Tomoya Tamura was selected to represent Japan in the 4 × 400 m relay. Although we need to wait until mid-July to find out whether or not the Japanese relay team can compete in the Olympic Games, I sincerely hope to watch him sprinting at the global event.

Now, only a half month remains before the Rio de Janeiro Olympic Games are held. I look forward to watching athletes representing Japan doing their very best not only in the athletic events but also in other sporting events at the games.

  • Men's 400 m hurdle on the second day of the meet
    Men's 400 m hurdle on the second day of the meet (fourth from right: Yuta Konishi of our athletics club)
  • Stands nearly filled with spectators
    Stands nearly filled with spectators

July 15, 2016,11:15 +0900(JST) On the Day of Our Ordinary General Meeting of Shareholders, in the UK...

A general meeting of shareholders is a valuable opportunity for us to communicate with shareholders directly. This year, despite the hot weather, more than 800 shareholders attended the meeting. I would like to take this opportunity to express my sincere appreciation.

At the general meeting, we delivered reports on our business performance, audit results, and other topics. Afterwards, as usual, we received several questions.

The meeting happened to be held in the middle of the voting for the national referendum of the UK to decide whether the nation should leave the EU or not. Accordingly, some of the questions from our shareholders were related to expected influence on Sumitomo Electric if the country should decide to withdraw from the EU.

Partly because I used to work in London, I carefully watched the country's historic "choice of destiny." As you may know, the result of the vote counting that garnered worldwide attention is to "Leave." It is hard to say yet what types of influence this decision by UK voters will have on global politics and economies. It is expected that Japanese companies will also be affected more than a little in such areas as future foreign exchange, stock prices, and customs.

The European Constitution will continue to be effective for two years even after the UK applies to leave the EU and concludes the necessary agreement with the EU. During this period, at Sumitomo Electric, we would like to identify future trends carefully, and make an appropriate response to each concern.

SUMITOMO ELECTRIC President CEO Masayoshi Matsumoto

Born in 1944 in Hyogo Prefecture, Masayoshi Matsumoto joined Sumitomo Electric in 1967. After serving as General Manager of Chubu District Office, Managing Director and Senior Managing Director, he assumed office of President and CEO in June 2004.

His leisure activities include jogging, reading and art appreciation. Also a seasoned athlete, he played baseball in junior high school and practiced judo in senior high school. In university, he threw the javelin competitively and participated in all-Japan inter-university competitions.

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