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The Origin of the Sumitomo Electric Group The Spirit Fostered in Sumitomo’s 400-Year Tradition After centuries of years, our high-minded spirit glows ever more brightly. The Sumitomo Electric Group is committed to maintaining public trust by conducting business activities with integrity, in accordance with the Sumitomo Spirit and the Sumitomo Electric Group Corporate Principles. As the Company expands its business operation across the world, linking closely with society, it always gives top priority to the cultivation of high corporate ethics to be a world-class company. The Sumitomo Spirit grew out of the guiding principles set down by Sumitomo’s founding father Masatomo Sumitomo in his Monjuin Shiigaki (the Aphorisms of Monjuin), and it has been passed down for over 400 years. The essence of the spirit was condensed in the Business Principles. In Monjuin Shiigaki, he preached the importance of doing one’s sincere best in not only business but also every aspect of their life. This is the spirit that we, the members of the entire Sumitomo Electric Group, have inherited and strive to embody. The Sumitomo Spirit Business Principles 1: Sumitomo shall achieve prosperity based on solid foundation by placing prime importance on integrity and sound management in the conduct of its business. 2: Sumitomo’s business interest must always be in harmony with public interest; Sumitomo shall adapt to good times and bad times but will not pursue immoral business. In addition to the Business Principles, the Sumitomo Spirit also includes: Attaching Importance to Technology; Respect for Human Resources; Long-Range Planning; and Mutual Prosperity, Respect for the Public Good. The Ever-Evolving Principles The Sumitomo Electric Group makes commitments to all of its stakeholders. Based on the Sumitomo Spirit, the Sumitomo Electric Group Corporate Principles were established as the fundamental spirits of the Group’s business operation. In the Corporate Principles, we declare our commitment to the customers, shareholders, society, natural environment and employees. The Principles also emphasize the importance of compliance and public trust. Sumitomo Electric Group Corporate Principles (Established in June 1997) Each company of the Sumitomo Electric Group shall • Offer the very best goods and services to satisfy customer needs. • Build technical expertise, realize changes and strive for consistent growth. • Contribute to creating a better society and environment, with a firm awareness of our social responsibility. • Maintain high corporate ethics and strive to become a company worthy of society’s trust. • Nurture a lively corporate culture that enables employee self-improvement. 2 897
Glorious Excellent Company The Sumitomo Electric Group is working to develop into a corporate group with a solid corporate philosophy and sustainable growth potential, with the aim of becoming a “Glorious Excellent Company.” 012 Ingenious Dynamics TM For the Sumitomo Electric Group, ID stands for Ingenious Dynamics and at the same time stands for fulfilling and embodying the Sumitomo Electric Group identity (ID) and the determination to continually contribute to the infrastructure development (ID) of the greater society. Annual Report 2012 SUMITOMO ELECTRIC 1
Page 1: Annual Report 2012 Information & Co
Page 5 and 6: Review of Operations Automotive Inf
Page 7 and 8: Society our daily lives. The Sumito
Page 9 and 10: uri Capabilities a leading position
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Page 17 and 18: Masayoshi Matsumoto President and C
Page 19 and 20: VISION 2012 Q3 As mentioned earlier
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Page 23 and 24: Net Sales (Billions of yen) 1,200 1
Page 25 and 26: Net Sales (Billions of yen) 300 250
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Page 35 and 36: Highlights of Fiscal 2012 Our Respo
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Page 39 and 40: Strengthened Competition Law Compli
Page 41 and 42: short-term fluctuations in interest
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Notes to Consolidated Financial Sta
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Independent Auditor’s Report To t
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• Sumitomo Electric Semiconductor
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Company Information Investor Inform
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