January 30, 2012,09:19 +0900(JST) New Year’s Parties

Sumitomo Electric held its New Year parties in Osaka, Tokyo and Nagoya, inviting business partners, trading companies, and dealers. I would like to take this opportunity to thank all of you who took the time out of your busy schedule at the start of the year to attend the event.

Delivering the opening speechIn my opening speech I conveyed my appreciation for the support and cooperation we had received toward achieving business performance in the first half of 2011 that surpassed initial projections despite all the difficulties the country experienced during the year.
The year 2012 falls on a ren chen (water dragon) year, which according to the neo-Confucian theories of Masahiro Yasuoka that I always quote on these occasions, is “a year for aiming for the long term, enduring hardships, and achieving goals through steady efforts” (reference material courtesy of Kansai Shiyu Kyokai). And so in my speech I also asked for continued advice and guidance as Sumitomo Electric aims—amid paradigm shifts caused by globalization as well as the Great East Japan Earthquake in 2011—toward becoming a company that attracts diverse talent from across the globe by adopting a forward-looking attitude and enterprising spirit, by creating new technologies and products that respond to society’s needs, and by institutionalizing diversity within the organization.

I am also grateful for the many kind comments I received about my part in the Kasuga Wakamiya On-matsuri Festival at the Kasuga Taisha Shrine in Nara, for which I worked to the best of my ability.

Closing speech

I mentioned in my closing speech that during the Kasuga Wakamiya On-matsuri Festival, when I performed the role of Hinotsukai, offering prayers for world peace, rich harvest, universal happiness and the recovery of regions affected by the earthquake and tsunami, I also offered my personal prayers to the deity of Kasuga Taisha Shrine for continued success and happiness in 2012 among our many international colleagues at branches and group companies overseas in this age of globalization.
The New Year event provided an excellent opportunity for Sumitomo Electric, business partners and group companies to reaffirm our mutual support and ties.

January 25, 2012,10:04 +0900(JST) New Year’s Greetings and Visit to Kasuga Taisha Shrine

Upon welcoming this brand new year, I am truly happy to exchange New Year greetings with you. To all those who have been affected by the Great East Japan Earthquake and Tsunami last March, I would like to offer my heartfelt sympathy and hope that this year will bring them blessings. I also hope for the earliest possible recovery of the devastated areas.

I hope you all enjoyed pleasant New Year’s holidays. As for me, running made me feel refreshed in mind and body before making my New Year resolution and plans for the coming year.

On January 4th, we got back to work after the holidays. I delivered a New Year’s message to employees. Before visiting people to exchange New Year’s greetings, I decided to go to the Kasuga Taisha Shrine for the first visit of the year. In addition to offering my New Year prayer, I wanted to give thanks since I was able to play, without any misfortune, a leading part in the traditional grand procession in the Kasuga Wakamiya On-matsuri Festival held last December. Since ancient times, Kasuga Taisha Shrine has been a sacred place of worship, where people have offered prayers for the prosperity of the nation and its people, individual happiness, and national well-being. Although it was already the fourth day of the New Year, the shrine was thronged with many worshippers.

As the final year of our mid-term business plan, “VISION 2012,” the year 2012 will be an important year for the Sumitomo Electric Group. Since 2012 is the year of the Dragon according to the Chinese calendar, I offered a prayer, hoping that the economy will rise again, like a dragon rising into the sky, though there remain some concerns over European economies and other issues. I also prayed for good health and further prosperity for you all.

I ask your continued support and cooperation over the coming year.

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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