The Sumitomo Electric Group is working to develop into a corporate group with a solid corporate philosophy and sustainable growth potential, with the aim of becoming a "Glorious Excellent Company."
The word "Glorious" represents the philosophical and qualitative goals of the Sumitomo Electric Group. The Group has inherited a principle that reflects our corporate ethical values to give top priority to social trust, that is “placing prime importance on integrity and sound management,” as well as other traditional principles such as "attaching importance to technology" and "respect for human resources," which have a history of more than 400 years. The ideal state achieved in embodying the Sumitomo Spirit, as well as the Sumitomo Electric Group Corporate Principles, which were established on the basis of the Spirit, is what we mean by the word "Glorious."
"Excellent" symbolizes what the Sumitomo Electric Group should be in a quantitative sense, which is to achieve excellent business performance. The Sumitomo Electric Group's business portfolio comprises five business segments: Automotive; Information & Communications; Electronics; Electric Wire & Cable, Energy; and Industrial Materials. Under a strategy advocating establishment of a global presence, strengthening our leading technology, and pursuing our global top 3 target, we have established five-year mid-term management plans VISION 2007 and VISION 2012, which set targets for 2007 and 2012, respectively, to realize sustainable expansion of our business fields and increase profitability.
To support this business development, we are always aiming to establish a systematic organization that maintains good internal communications and ensures close coordination among our R&D, production, and sales & marketing groups supported by our corporate staff divisions.
Furthermore, as a venue for all employees in the Group to share the Sumitomo Electric Group's management strategies and vision and to develop their abilities, skills, and knowledge so that they may play active roles in the global community, we established SEI University in 2005, making even greater efforts toward human resource development.