About us
Introduce Sumitomo
Sumitomo founded as a copper wire and cable business, SEG (Sumitomo Electric Group) has evolved an entire Genealogy of Technology, like a family tree, that combines materials technology and precision manufacturing
Sumitomo electric group manage the Group based on the spirit of “contributing to the public benefit through business”, “Contribute to building a better society by pursuing Top Technology and innovation on a global scale, using the integrated capabilities of Sumitomo Electric Group”. while striving to ensure mutual prosperity with our stakeholders. Furthermore, we lead our team with the Sumitomo Three spirit.
Sumitomo Spirit
Banji-nissei
Do your sincere best, not only in business, but also in every aspect of your life.
Shinyo-kakujitsu
Place importance on integrity and sound management.
Fusu-furi
Do not act rashly or carelessly in pursuit of immoral business
Sumitomo Electric Group Corporate Principles
- 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 firm awareness of our social responsibility.
- Maintain high corporate ethics and strive to become a company worthy of trust.
- Nurture a lively corporate culture that enables employee self-improvement.
In global presence we meeting the needs of the global market by creating new value through Top Technology. SEG will continue to pursue Top Technology that connects and supports society; and use the Group’s integrated power and innovation to contribute on a global scale.
Visions and targets
Sumitomo Electric Group (SEG) Long-Term Vision for 2030 – provides a clear direction for the Group in a world facing transformational change. From FY2023, SEG will use its “2030 Vision” to develop a medium-term business plan every three years to navigate through these unprecedented times. And working with all our stakeholders, SEG will strive to increase its corporate value and become a Glorious Excellent Company.
Targets
The word "Glorious" represents the ideal state achieved in embodying the Sumitomo Spirit, as well as the Sumitomo Electric Group Corporate Principles, which were established on the basis of the Spirit.
Compay goals to be "Glorious" in non-financial ways.
- Global environment
CO2 emissions reduction 2030 30%; 15% (compared to FY 2018) 2050 carbon neutrality
- Diversity & inclusion
SEG will maximize the Group’s energy and competitiveness and foster Top Technology by leveraging the quality and capabilities of its diverse talents. And the creation of new values through the integration of diverse perspectives, experiences, and technologies.
- Engagement
Empathy with the creation of corporate value and actual feeling of contribution
- Legal compliance
Compliance with laws, regulations, and corporate ethics throughout SEG, including its supply chain, on a global basis.
The word "Excellent" symbolizes what the Sumitomo Electric Group should be in a quantitative sense, which is to achieve excellent business performance.
Our company's goals to be "Excellent" in financial ways.
- Growth
Consolidated net sales: 5 trillion yen or more 1 trillion yen or more in growth from the key areas of energy, info-communications and mobility.
- Efficiency
Before-tax ROIC: 10% or higher (Presentation of even higher value and improvement in the profit structure)
Enhancing our medium and long-term Corporate Value, a corporate culture focusing on the environment, human capital and compliance, SEG will unlock its growth potential while also enhancing efficiency and striving to become a Glorious and Excellent Company.
Vision for 2030
While managing such Pandemics, natural disasters and global instabilities such as trade wars are risks that can threaten our global activities and supply chains appropriately, SEG will strive to keep growing its corporate value through respecting the global environment and human rights, caring for employees and conducting fair and impartial trade.
Looking ahead to 2030, SEG will unleash all of its capabilities to contribute to the evolution of a Safer and more Comfortable society that is also Green and environmentally friendly. We will focus on realizing a “Green” society that is both Safer, more Comfortable and sustainable.
Safety = supply various products that support infrastructure and industries for a Safer Society.
Comfort = supply high-quality and high-performance products to global markets for a more Comfortable Society.
Green = achieve a Green Society through companywide efforts to promote our businesses including the carbon-free business
Together with Our Stakeholders
SEG will pursue its ambition to achieve a “Green Planet” and a “Safer” and more “Comfortable” Society on a sustainable basis. We are committed to these values, which we hold in common with our stakeholders - and we will share our achievements with them.
Our “2030 Vision”, we will continue to provide an extensive range of products and services for the development of infrastructure and industries. We will focus on three key areas: energy, info-communications, and mobility.
Business Domain
Energy
As more renewable energy is introduced to realize a carbon-free society, there will be a need to reinforce the power lines of the electricity grid, enhance its efficiency, and adjust the supply-demand balance.
Future Business Environment in Energy field
Mass deployment of renewable energy systems
- Increased distances between power generation and power consumption sites
- Unstable output = given the intermittency issues of renewable energy sources
Mass deployment of distributed power sources
- Micro grids
- Net Zero factories
- Visual Power Plant /Demand response
Challenges toward 2030 in Energy field
Challenges to reinforce power lines on a global basis and to provide solutions addressing the various needs of power users
- Large-capacity, low-loss power transmission system
- Development of unique in-house insulation material
- Essential system connection for Large-scale wind farm
- SEG synergies
- Dynamic cable system
- Diversification of power supply and demand
SEG will contribute to the development of next-generation energy infrastructure through its extensive portfolio of products and services, such as cables, electrical substation equipment, safety/long-duration batteries and engineering.
Info-communications
Development of high-speed large-capacity data communications will drive the expansion of wireless and optical networks. Also lead to the establishment of more data centers, leading to growing demands for reducing their power consumption. SEG will leverage its material technology and integrated capabilities to provide an extensive range of products, such as optical fibers, devices and equipment.
Future Business Environment in Info-communications field
- From 5G to 6G
- Moving toward an All-Photonic Network
- Establishment of more compact data centers
- Expansion into non-terrestrial areas
Challenges Toward 2030 in Info-communications field
- Large-capacity optical communications
- Low power consumption
- Large-capacity wireless communications: from 5G to 6G
Mobility
Progress will be made in automobile development with electrification and external services integration, and new types of mobility are expected to emerge.
Future Business Environment in mobility field
- Progress in electronic control and emergence of new mobility
- Expansion of linkage with external services (connected mobility)
Challenges Toward 2030 in mobility field
In addition to the evolution of existing products, like wire harnesses, SEG will endeavor to advance electrification and high-speed communications of automobiles, including architectural innovations, leveraging the integrated technologies of the Group, such as energy and info-communications.
We will provide new value through the power of our global manufacturing quality, high-level technological engineers and skilled workers, with a focus on wiring harnesses as our core business
Business Foundations for “2030 Vision”
3 Key Sources of Capital
SEG will make our organization stronger and create new value during this time of rapid change by investing in Human Capital and Intellectual Capital, while increasing Financial Capital as the funding for further growth and distribution.
Human Capital
- Diversity & inclusion
- Nurturing a corporate culture that values growth and challenges
- SEG’s integrated power on a global scale
Intellectual Capital
- Intellectual Property (IP) strategy for business competitiveness
- Global IP network
- Contribution to the establishment of global regulations
Financial Capital
- Cash generation
- Cash allocation
3 Key Driving Forces
· R&D
Invigorate and accelerate R&D as one of the key driving forces to create an extensive range of technologies
· Supply Chain
Reinforce BCP through building a stable supply chain framework that is resilient to changes.
· Manufacturing
Create resilient factories that can adapt to change.
High Performance Products and Materials for the 3 Key Areas
Through the evolution of SEG’s existing components materials technology, we will support the development of infrastructure and industries related to energy, info-communications, and mobility.
High-precision tools
Supporting various manufacturing businesses with our high-precision processing product line-up (Cutting tools, Grinding wheels, Diamond drawing dies)
High-strength materials
Supporting society and industry with our array of high-strength materials (PC steel wires, Sintered metal, Tungsten monoblocks)
Contributing to a Green Society
We will contribute toward realizing a Green society by providing excellent products and services, and by leveraging our technology to engage in a wide range of activities.
Recycling water resources
- Water treatment system/equipment using Poreflon™ and new materials
Effective use of water resources and prevention of pollution through wastewater treatment, wastewater recycling and sea water desalination.
Effective use of rare metals
- Recycling rare metals and finite resources, such as tungsten.
Reduction of CO2 emissions
- SEG's CO2 emissions reduction targets
Maximizing energy-saving efforts, creating energy mainly through solar power, and purchasing renewable energy to cover any short-fall.