Home > Company Information > SEI WORLD > 2016 Vol. 472 > President’s Message

President’s Message
Newsletter "SEI WORLD" Vol. 472

Masayoshi Matsumoto President & CEO

New Year’s Greeting

I wish you a Happy New Year!
I would also like to express my sincere appreciation to you all for your continued support.

Looking back at the previous year, we find a number of remarkable changes in global political and social trends, including the U.K. decision on Brexit and the election of Donald Trump as the next U.S. president. Although there were no serious issues that came to light, the global economy was not robust enough, as indicated by the slowdown in the growth of emerging markets.

Regarding the Japanese economy, despite the depreciation of the yen and the appreciation of stock prices since the end of the previous year, the growth strategy devised by the government as part of the “three arrows” was still halfway to generating the desired results. As suggested by the sluggish growth in exports and consumer spending, the Japanese economy was at a standstill.

In the Chinese zodiac, 2017 is the year of hinoto-tori. One theory says that a hinoto-tori year is likely to witness successive difficulties. In this age of globalization, it seems to be rare to have only peace and quiet. To make our corporate structure sturdy enough to withstand “successive difficulties,” we will strengthen our SEQCDD (Safety, Environment, Quality, Cost, Delivery, and Research & Development) quality throughout the Sumitomo Electric Group.

In April 2017, we will celebrate our 120th anniversary, and this is totally thanks to the generous support you have extended to us. I would like to take this opportunity to once again express our sincere appreciation to all of you.

In addition, this April is the beginning of the final year of our mid-term management plan VISION 2017. Although there is a lack of clarity and much uncertainty in our business environment, all members of the Sumitomo Electric Group are ready to work very hard this year again based on the Sumitomo Spirit, thereby striving to realize our development into a Glorious Excellent Company. In this regard, we would like to ask for your continued support and guidance.

I would like to conclude by wishing for your good health and further prosperity.

Masayoshi Matsumoto President & CEO

Page Top