March 17, 2017,09:00 +0900(JST) Our Athletic Club's Training Camp

The other day, on a business trip to Naha, Okinawa, I visited our athletic club, which was holding a training camp on Miyakojima Island. As their first training camp on the island, the camp was attended by a total of 10 athletes and staff members, including athletes who will join Sumitomo Electric this April.

There were many rainy days during the training camp, and it was cloudy when I visited them. As expected, however, it was warm on the island, and the athletes worked hard on their own training routine in short-sleeved shirts. After their training, I was able to talk with the athletes, each of whom showed a lot of enthusiasm about their future performance.

Together with the members at the training camp
Together with the members at the training camp

Unfortunately, the athletic club could not compete in this year's New Year Ekiden, a long-distance relay road race, making all of the members at the club feel very disappointed. I hope that they will use their frustration as an incentive to try harder.

This year will see the Japan National Championships in June in Osaka, the home of our company, and the IAAF World Championships in Athletics in August in London. I encouraged the athletes and staff in the hope that they will demonstrate excellent performance at such prestigious meets.

March 16, 2017,09:00 +0900(JST) Business Trip to the U.S.

The other day, I had a business trip to California, with a very tight schedule of two days and one night. During my stay there, I had an opportunity to meet with Japanese expats from our group companies in California.

It has been about one month since the start of the Trump administration. What will become of international politics and economics in the future? What should we at the Sumitomo Electric Group do to promote our business amid the uncertainty expected to continue? I avidly discussed these topics with the Japanese expats.

Together with the expats
Together with the expats

On Saturday morning, the day of my return to Japan, I spent the time before my flight strolling around San Francisco. I dropped by a hotel and found a statue of Tony Bennett, who sings my favorite big hit I Left My Heart in San Francisco.

The hotel is where Tony Bennett performed for the first time in his life, and where he held a concert last year. The statue was created to commemorate the tie between the hotel and the singer. In addition, the song's score is displayed at the hotel. While remembering the tune, I appreciated a few moments of relaxation.

  • In front of the statue of Tony Bennett
    In front of the statue of Tony Bennett
  • Score of I Left My Heart in San Francisco
    Score of I Left My Heart in San Francisco

February 15, 2017,09:00 +0900(JST) Business Results for 3rd Quarter of FY 2016

On February 2, we announced our business results for the third quarter of FY 2016.

The outline of our business results on a consolidated basis for the first nine months of fiscal 2016 (April-December) is as follows: net sales of 2,034.1 billion yen; operating income of 100 billion yen; ordinary income of 120 billion yen; and net income attributable to owners of parent of 73 billion yen. Compared with the same period of the previous year, although net sales marked a decrease, all of the incomes showed increases. Of particular note are the operating income and ordinary income. Despite negative effects from the appreciation of the yen, they were the highest ever, and this is totally thanks to your support.

In addition, we made an upward revision of the forecasts that we had announced regarding our full-year consolidated business results, excluding net sales, as follows: operating income of 135 billion yen; ordinary income of 160 billion yen; and net income attributable to owners of parent of 92 billion yen. We left the forecast for net sales unchanged.
For our forecast for the year-end dividend, we also made a revision from 18 yen, which we had forecast previously, to 20 yen per share, by adding 2 yen to celebrate our 120th anniversary. This means that the annual dividend per share will be 37 yen.

Less than two months now remain until the end of this fiscal year. Although there is uncertainty about the outlook of the global and economic situations, all of us in the Sumitomo Electric Group will continue doing our very best until the end in order to live up to your expectations.

Fact Book FY2016 3rd Edition ( 618 KB)

February 10, 2017,10:00 +0900(JST) Osaka Half Marathon and Osaka Women's Marathon

The other day, 2017 Osaka Women's Marathon, which doubled as a trial for the 2017 IAAF World Championships in Athletics, was held. It was cloudy and breezy with the temperature being about 10℃, making the day perfect for running. Risa Shigetomo, who won the race for the first time in five years, had first lagged well behind the lead pack, but began to put on a powerful spurt in the middle of the race. Pulling ahead of many runners, she finally took the lead. The spectators waiting for the first finisher at Nagai Stadium was excited with this dramatic development and welcomed her with enthusiastic cheers.

Placing a laurel crown on the head of Ms. Shigetomo
Placing a laurel crown on the head of Ms. Shigetomo

On the day of the event, the Osaka Half Marathon started at the same time in parallel with the women's race. About 6,000 runners—both citizens and athletes registered with the Japan Association of Athletics Federations—competed in the half marathon. They ran through the city of Osaka in front of spectators rooting for them from the sidelines along the course.

Among those athletes, three members of our athletics club entered. Of these, Mr. Tetsuya Kimura made a particularly good showing by finishing the race in eighth. I look forward to seeing him performing even better in the future.

  • Mr. Kimura finishing the race
    Mr. Kimura finishing the race
  • With competitors from our athletics club
    With competitors from our athletics club

December 15, 2016,09:00 +0900(JST) Top Executive Conference of China

Last month, I attended the Top Executive Conference of the Americas in Silicon Valley (California), confirming to me again the steady step toward the globalization of our group. The other day, as I did last year, I also attended the Top Executive Conference of China, which was held in Huizhou City, Guangdong Province.

Together with attendees of the conference
Together with attendees of the conference

The conference drew top executives from 52 group companies, including those in Taiwan and Hong Kong. The event featured a presentation of the final report on action learning in order to analyze common problems in the Chinese market and to solve them. Containing a Q&A session, the presentation was held in a very exciting atmosphere. Various problems were discussed in detail, leading to the extension of the conference time.

The conference revealed problems commonly found in the group companies, including HR synergy, additional value that would serve as the basis for continuous development, and enhancement of their brand power to expand markets. At the conference, it was decided that the group companies would take specific measures while cooperating closely with headquarters.

Even though there are differences between the U.S. and China in terms of geography and culture, there are many points in common, making all the attendees aware of the increasing globalization.

Together with staff of Sumitomo Electric Interconnect Products (Shenzhen), Ltd., which I visited after the conference
Together with staff of Sumitomo Electric Interconnect Products (Shenzhen), Ltd., which I visited after the conference

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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