Sumitomo's Business Philosophy

Sumitomo's Business Philosophy has been inherited and adhered to by the Sumitomo Group for more than 400 years since its foundation. In essence, it tells us that “We should place prime importance on integrity and sound business activities. But, when faced with a paradigm shift, we must take the lead in striving for structural innovation. In this way we can and should create meaningful value not only for ourselves but for society as well.” It implies a universal value valid enough even now.

Sumitomo Corporation Group's Corporate Mission Statement

The Sumitomo Corporation Group's Corporate Mission Statement is the redefinition of Sumitomo's Business Philosophy from a contemporary and global perspective set out in a simple and clear structure.

The first sentence, “We aim to be a global organization that constantly stays a step ahead in dealing with change, creates new value, and contributes broadly to society,” constitutes the Corporate Vision of the Company.

The first article of the Management Principles, “To achieve prosperity and realize dreams through sound business activities,” represents the Corporate Mission; the second article, “To place prime importance on integrity and sound management with utmost respect for the individual,” represents the Management Style and the third article, “To foster a corporate culture full of vitality and conducive to innovation,” represents the Corporate Culture of the Company, respectively.

The Activity Guidelines stipulate the required behavior of the Company and its officers and employees and provide the means to realize the Management Principles.

Sumitomo Corporation shall share this value standard throughout the Group, and shall practice it in each business activity to contribute to realization and improvement of the economic and social value of all stakeholders of the Company.