15 January 2025
New Year’s Receptions
To start the year, we held receptions in three locations: in Osaka on January 6th, Tokyo on January 7th, and Nagoya on January 8th. It was our pleasure to welcome about 290 representatives from various business partners to these gatherings. I’d like to take this opportunity to thank everyone who attended and to share with you the following remarks from my opening speech.
In the 12-year cycle of the traditional Chinese calendar, the zodiac animal for this year is the wood snake. The word for wood snake is composed of two kanji characters, the first of which represents the winding bud of a plant. This can be taken to mean that we are in a situation where resistance from the outside is still strong, but regardless of how strong that resistance is we must make attempts to reform or create. As for the second kanji character, this represents the transition from a state of hibernation to a period of activity. Thus we can interpret 2025 as a year to forge a new path and, in the face of any resistance, rid ourselves of bad habits and inflexibility as we do so.
How these ideas apply to the Sumitomo Electric Group is that, firstly, this year we must ensure the achievement of our organization’s Mid-Term Management Plan 2025. Furthermore, as we strive to become a Glorious Excellent Company, this year we must seek to gain an even stronger grasp of new technological trends (such as GX, DX, CASE, and generative AI) and the needs of customers in relation to these trends. In this way we can create new value for our customers and thereby strengthen our competitiveness.
We look forward to working together with our business partners this year and sincerely appreciate their continued support.
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