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World Stage
The Americas
In fiscal 2012, sales in the Americas region increased
¥1.7 billion year on year to ¥241.6 billion (11.7% of
consolidated sales) due to growth in automotive products
business with non-Japanese manufacturers, including
automotive wiring harnesses.
Meanwhile, sales of consolidated subsidiaries in the
Americas in fiscal 2012 (to external customers) decreased
¥0.7 billion to ¥234.5 billion. Consolidated subsidiaries’
operating income also fell ¥2.6 billion year on year to
¥7.0 billion. Operating income from the Americas region
accounted for 8.1% of total consolidated operating income.
The Americas
36
Others
Europe
12
34
Japan
117
Asia
124
Total of consolidated subsidiaries and equity-method affiliates, as of March 31 2012: 323
Asia
In fiscal 2012, sales in China increased ¥18.1 billion year on year to
¥256.0 billion (12.4% of consolidated sales). Meanwhile, sales in other
Asian regions increased ¥19.1 billion year on year to ¥232.3 billion (11.3%
of consolidated sales).
Consolidated subsidiaries’ total sales in Asia, including China (to
external customers), increased ¥28.7 billion year on year in fiscal 2012 to
¥430.3 billion. The main contributing factors were solid sales growth in
the automotive field, where demand is firm, along with industrial materials
(including hard metal tools) and electronics (including FPCs), as well as a
significant increase in electrical construction works and other business at
Sumitomo Densetsu Co., Ltd. At the same time, consolidated subsidiaries’
operating income fell ¥7.7 billion year on year to ¥28.6 billion. Operating
income from the Asia region accounted for 33.0% of total consolidated
operating income.
Europe and Others
In fiscal 2012, sales in the Europe and other regions
increased ¥10.7 billion year on year to ¥210 billion
(10.2% of consolidated sales) due to factors such
as solid growth in sales of products including
automotive wiring harnesses.
Meanwhile, sales of consolidated subsidiaries
in the Europe and other regions in fiscal 2012
(to external customers) increased ¥13.5 billion to
¥205.1 billion. At the same time, consolidated
subsidiaries’ operating income fell ¥1.1 billion year
on year to ¥7.4 billion. Operating income in the
Europe and other regions accounted for 8.5% of
total consolidated operating income.
Topics: Establishment of Global Human Resource Management Policy
Sumitomo Electric Group’s business activities are continuously becoming more diverse - in technologies, markets, geographical locations and
more - involving about 200,000 employees in more than 30 countries around the world. We believe that for Sumitomo Electric Group to
develop further globally and continue making significant contributions to society, it is essential that we fully mobilize the Group’s technologies,
products, business models and all other resources, and acknowledge that it is our employees who make all our endeavors possible.
To this end, we have established a basic policy that states human resource management within the Group worldwide, thereby offering
greater career opportunities, promoting diversity, and fostering global leaders, to accelerate our global human resource recruitment, promotion
and development. In order to put these ideas into action, we have also drawn up specific operational guidelines for the Policy and international
job transfer guidelines, etc. “HR Meetings” are held regularly at headquarters and in each business area, and necessary systems will be
introduced for debating issues related to human resources and the organization.
“Global HRM Policy” website: http://global-sei.com/ghrm/
Annual Report 2012
SUMITOMO ELECTRIC
11