Dear Shareholders and Investors,
We thank you sincerely for your continued support of the Sumitomo Riko Group. The Group is engaged in a variety of business activities as we work toward our goal of achieving 1 trillion yen in sales in FY2029, our centenary year.
Currently, the conditions surrounding our group are at a major turning point, including the rise of protectionism in the US and elsewhere and the rapid shift toward CASE*, described as a once-in-a-century revolution in the automotive industry. This changing business environment has also created new needs, and we believe this is bringing increased business opportunities for our company. Based on our mid-term business vision, the “2022 Sumitomo Riko Group Vision (2022V)”, we are actively expanding and strengthening our development, production and sales systems on a global scale so that we do not miss out on these new business opportunities. We are also fully committed to delivering products that satisfy our customers all over the world.
'Changing what needs to be changed, and protecting what needs to be protected.' With the Sumitomo Spirit, which has been passed down for 400 years, engraved in our hearts, each and every one of us will stride powerfully toward the future. With the hope of the continued support and understanding of our shareholders and investors, we wish you all every success and happiness.
* CASE: Connected, Autonomous, Shared & Services, Electric
Representative Director and President & CEO
