Sumitomo Electric Industries : President's New Year Message (summary)
January 04, 2018 at 06:34 am IST
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1. Promotion of Workplace Diversity and Growth as a Global Corporate Group
To ensure that the Sumitomo Electric Group continues its growth as a global corporate group, it is essential that the Group utilizes a wide diversity of human resources. The respective companies and departments have already taken various initiatives of their own, including the utilization of the SEI Group Global Executive system, the introduction of a telework system, and the establishment of promotion systems for local staff in our oversea group companies. I would like you to promote these initiatives even more aggressively. We have also pursued work style reform to encourage employees to take more paid leave and reduce their total annual working hours. This year, I ask each of you to review your own work style once again and to improve your business efficiency and productivity. To managers and leaders of each section, I would like you to exert your leadership in promoting work style reform by considering the characteristics of the business in your respective units or departments.
2. Thorough Implementation of Compliance
Last year saw many scandals involving major companies, including century-old industrial giants. These companies have lost the long-established confidence of society due to various cases of misconduct. Since the Sumitomo Electric Group supplies a wide variety of products to markets in around 40 countries, we must always keep in mind that compliance with laws, regulations, and various other rules is the absolute requisite to maintain societal trust and ensure sustainable growth. Please conduct your duties in accordance with the Sumitomo Spirit and make sure that you 'do not act rashly or carelessly in pursuit of easy gains,' and that you are 'placing prime importance on integrity and sound management.' For this purpose, I would like to ask managers and leaders to create an open, lively, and friendly workplace to ensure that your staff can consult with you about even small matters.
3. Further Evolution of SEQCDD
SEQCDD (safety, environment, quality, cost, delivery, and development) indices represent the soundness of our management. Concerning safety, quality, and cost, I truly hope that you will set lofty goals and strive to achieve them through the implementation of concrete initiatives with patience, persistence and passion.
As regards 'development,' I ask members of the development team to understand the users' viewpoint, placing priority on user satisfaction.
Sumitomo Electric Industries Ltd. published this content on 04 January 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 04 January 2018 01:04:01 UTC.
Original documenthttp://global-sei.com/company/press/2018/01/prs001.html
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Sumitomo Electric Industries, Ltd. is one of the world's leaders of electric wires and cables, and fiber optic manufacturing. Net sales (including intragroup) break down by sectors of activity as follows:
- automotive (54.8%): cable beams, rubber anti-vibration products, etc.;
- energy and environment (21.1%): copper electric wires, electric cables, magnet wires, power cables, etc.;
- electronic (7.8%): electronic wires, semiconductors components, electronic components, printed circuit boards, etc.;
- information and communication (7.5%): fiber optic cables, optic components, network cabling systems, etc.;
- others (8.8%): primarily steel special wires.
Net sales break down geographically as follows: Japan (42.7%), China (19.7%), Asia (10.7%), the United States (11.8%), the Americas (4.2%) and other (10.9%).
SUMITOMO ELECTRIC INDUSTRIES, LTD. 
