Sumitomo Electric Industries : Publishes Its Integrated Report 2023
October 04, 2023 at 10:08 am IST
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The unchanging basic policy of the Sumitomo Electric Group is to contribute to society through fair business activities based on the Sumitomo Spirit and the Sumitomo Electric Group Corporate Principles. This report aims to deepen the understanding of all stakeholders of the Sumitomo Electric Group.
Based on the concept of "multistakeholder capitalism," which focuses on contributing to the public interest and mutual prosperity with all stakeholders, this report presents the value that the Sumitomo Electric Group seeks to create and its specific efforts as a value creation story. The Group will realize this concept through the implementation of the "Mid-term Management Plan 2025", which was announced in May this year as a three-year action plan starting in fiscal 2023, and the "Sumitomo Electric Group 2030 VISION" as the long-term vision.
Sumitomo Electric hopes that this report will help readers to better understand its management principles and efforts. The Integrated Report 2023 is now available on the website.
Sumitomo Electric Industries Ltd. published this content on 04 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 October 2023 04:37:04 UTC.
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%).