the President and CEO
Unceasing Challenge for New Value Creation
The global economy is largely expected to grow steadily. However, trade and economic policies are increasingly geared toward protectionism in some quarters of the world, while geopolitical risks are rising. Some countries are starting to tighten their monetary policies. These are among the many factors that could put a damper on global affairs.
The trend of businesses seamlessly merging across a wide range of industries will inevitably accelerate due to drastic changes brought on by the rapid technological advancement such as artificial intelligence (AI), the internet of things (IoT) that are hallmarks of the Fourth Industrial Revolution.
Under these circumstances, which are marked by uncertainty, we need to be able to enhance the ability to look ahead and create new value so as to cope with these changing times.
Since its foundation in 1919, Sumitomo Corporation Group has made steady growth together with stakeholders such as business partners and clients across industries all over the world, while enhancing its ability to create new value through all alliances and collaboration that transcend industrial and organizational barriers.
We will work hand-in-hand to enrich not only our lives but also others. Through our business, we will strive to make our society more exciting. Our challenges and dreams will not end.
Responding promptly to the needs of a changing society and creating new value is the Sumitomo Corporation Group’s mission. Through our business activities, we will tackle our Six Material Issues.
”Unceasing Challenge for New Value Creation” is the subtitle of our Medium-Term Management Plan 2020 that started in April 2018.
We will assertively push to make our existing businesses even bigger, and without fear of failure we will fully utilize our Group’s business platforms and embrace digital transformation to create businesses that will serve as new sources of revenue for the next generation. Examining the megatrends, we have identified three growth areas in which we can leverage our Group’s strengths – “technology x innovation,” “healthcare,” and “social infrastructure” – and we will be actively investing our management resources in these areas.
No dream, no success. Aim high, act on our principles and execute.
Sumitomo Corporation Group will act as one in unceasing challenges for new value creation to realize our dreams.
We will continue to move forward. Shape the future, staying ahead.
President and Chief Executive Officer