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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