We at Sumitomo Chemical are seeking to achieve sustained growth by creating new value through innovative technologies, with the aim of meeting our shareholders’ expectations and maximizing our corporate value.
We are also committed to our Business Philosophy, which is founded on the Sumitomo Family’s Business Principles and articulates Sumitomo Chemical’s ethos, missions and values:
|1||We commit ourselves to creating new value by building on innovation.|
|2||We work to contribute to society through our business activities.|
|3||We develop a vibrant corporate culture and continue to be a company that society can trust.|
Based on this Business Philosophy and taking advantage of our core competencies—capabilities to develop innovative solutions by leveraging our technological expertise in diverse areas, capabilities to reach global markets, and loyal employees—we are striving, through our business, to resolve a wide range of issues facing society, improve quality of life and build an affluent and comfortable society.
In addition, we aim to consistently achieve the following performance targets in the medium- to long-term:
|D/E ratio||approximately 0.7 times|
|Payout ratio||approximately 30%|
|Profit growth||over 7% per year|
In March of 2016, we announced our Corporate Business Plan for fiscal 2016 to fiscal 2018. As the Company marked the 100th anniversary of the start of its operations in fiscal 2015, we see this Corporate Business Plan as the starting point of our voyage for the next hundred years. Under the slogan of “Change and Innovation—Create New Value,” we are stepping up efforts to further improve our business portfolio, generate more cash flow and expedite the launch of next-generation businesses, and striving to accelerate our transformation into a more resilient Sumitomo Chemical that continues to grow.
I would like to ask all our shareholders for continued understanding and support.
Representative Director & President