January 4, 2021
Sumitomo Electric Industries, Ltd.
Osamu Inoue, President

New Year’s Message from the President
I would like to wish you all a Happy New Year.
Last year saw the worldwide spread of the novel coronavirus, imposing strict
restrictions on corporate activities as well as social activities in general. This led theentire globe to suffer the gravest crisis ever in recent years, and the crisis is still
underway. In addition, the world remained extremely unstable, mainly due to theUS-China conflict, the difficult trade talks between the UK and the EU, and theterrorist attacks and conflicts in Europe and the Middle East.
All these factors have required us to further strengthen our corporate structure,making it robust to even the slightest changes in the external environment. With
this background, I would like to ask you all to implement the following three things
this year.
1. Promote the SEQCDD* Activities with Quantitative Goals Being Set
I ask you to implement all the SEQCDD activities by sharing specific numericaltargets, timelines and firm determination to achieve them among all thoseconcerned and by sticking to achieving desired results.
For "safety," favorable results are now being generated thanks to your efforts. InVISION 2022, we have set the target of achieving zero accidents in terms of people,
goods and equipment to become a company with the highest level of safety in theworld. To this end, I would like you to continue tightening the reins and pushforward with the necessary activities by involving everyone toward quantitative
targets set for the elimination of the three types of accidents and theestablishment of a safety culture.
For managers and supervisors, I request to actively absorb opinions of on-site
staff members, and nip early risk factors in the bud without fail.
In addition, please take all the necessary measures at work against thecoronavirus so that all the staff members can work without worry and maintaintheir mental and physical health.

1/2Regarding work style reform, various challenges have been revealed since theemployment of irregular working hours for production and the increase in workfrom-home initiatives to counter the corona pandemic. I hope that these problems
will be turned into a path toward a further increase in work productivity and evencloser communication than ever. As the first step to realize this, I ask you to reduce
the number and time of meetings and proceed with further efforts to go paperlessand digital.
2. Enhance Asset Efficiency to Improve the Financial Structure
I call on the production groups to completely eliminate the seven types of waste;
waiting, over-processing, inventory, motion, transportation, overproduction, anddefects/rework, thereby further raising productivity.
3. Ensure Legal Compliance Thoroughly
Last year again, many scandals were covered by the media, such as violation of
the the competition law, data falsification, and various forms of harassment. Thesescandals come from a wide variety of factors, such as a mere continuation ofpractices from the past, a workplace environment without a focus on observing
regulations, and insufficient fulfillment of control and checking functions. In my
opinion, however, the main reason lies in the gap between societal demands
growing stricter year by year and the awareness of some organizations andindividuals.
Legal compliance and maintenance of corporate ethics are absolute
requirements to be fulfilled by companies in order to realize sustainable
development as entities with credibility and the trust of society. At the Sumitomo
Electric Group, we implement all our corporate activities based on the Sumitomo
Spirit. I ask you once again to act not only in compliance with the Sumitomo Spirit
but also with awareness of the changing societal demands.
All corporate activities come from cheerful and energetic workplaces withmutual understanding and an open atmosphere. Today, a restless atmosphere isprevailing throughout society due to the corona pandemic, and all the more for
this, all of us should work together toward achieving such workplaces.
* SEQCDD: The key elements for us to achieve our goals, namely safety,
environment, quality, cost, delivery and development (R＆D)■Reference
Sumitomo Electric's Website
https://sumitomoelectric.com/

2/2