Visions - Spring 2015 - (Page 4)

CONTINUED What do you think is our biggest obstacle there? Doing business in any developing economy has challenges in areas such as the tax system, regulations and foreign exchange. It's hard to be competitive in an environment with so many variables. Also import and export are not easy there, because there is a preference to support local businesses. So, this is complicated but, given our strong network of SC offices in South America, I think we have a tremendous opportunity to develop new business together with our colleagues in the region. South America has good opportunities for new business development. Their large & growing population creates vast consumer markets to tap, and their abundance of natural resources can feed the growing world demand for food. How do you view the integration of Japanese management principles with western business practices? From my vantage point as CFO, I saw how we developed our businesses on a micro level, while at the same time I was able to see market positions from a macro view. What is your vision for Sumitomo Corporation in South America? South America has good opportunities for new business development. Their large & growing population creates vast consumer markets to tap, and their abundance of natural resources can feed the growing world demand for food. Brazil especially is a large country that can potentially bring enormous amounts of food and even water to the world, so we need to work these opportunities from the inside, through our offices in the region. Generally, I cannot speak about all Japanese management principles, but I can mention Sumitomo's values and principles. (Mr. Nambu pulls out a Sumitomo Values card.) I always carry this card with the Sumitomo principles printed on it. For the last 400 years, these principles have led our organization, and they still hold true and should not change. We don't just memorize them, but we live them and they are the basis for our long term thinking. For instance, when we make an acquisition, it is with a long term objective in mind. We invest in a project or company not with the intention to sell it for capital gain only. We want to make it a part of our business network and help it grow by retaining the people who can help us bring new value to an industry and to our group. We also put prime importance on trust, and this concept is universal. I always carry this card with the Sumitomo principles printed on it. For the last 400 years, these principles have led our organization, and they still hold true and should not change. We don't just memorize them, but we live them and they are the basis for our long term thinking. 4 v i s i o n s S p r i n g 2 0 1 5

Table of Contents for the Digital Edition of Visions - Spring 2015

Contents

Visions - Spring 2015

Visions - Spring 2015 - Contents (Page 1)
Visions - Spring 2015 - Contents (Page 2)
Visions - Spring 2015 - Contents (Page 3)
Visions - Spring 2015 - Contents (Page 4)
Visions - Spring 2015 - Contents (Page 5)
Visions - Spring 2015 - Contents (Page 6)
Visions - Spring 2015 - Contents (Page 7)
Visions - Spring 2015 - Contents (Page 8)
Visions - Spring 2015 - Contents (Page 9)
Visions - Spring 2015 - Contents (Page 10)
Visions - Spring 2015 - Contents (Page 11)
Visions - Spring 2015 - Contents (Page 12)
Visions - Spring 2015 - Contents (Page 13)
Visions - Spring 2015 - Contents (Page 14)
Visions - Spring 2015 - Contents (Page 15)
Visions - Spring 2015 - Contents (Page 16)
https://www.nxtbook.com/nxtbooks/sumitomo/visions-spring2020
https://www.nxtbook.com/nxtbooks/sumitomo/visions-winter2020
https://www.nxtbook.com/nxtbooks/sumitomo/visions-fall2019
https://www.nxtbook.com/nxtbooks/sumitomo/visions-summer2019
https://www.nxtbook.com/nxtbooks/sumitomo/visions-spring2019
https://www.nxtbook.com/nxtbooks/sumitomo/visions-fallwinter2019
https://www.nxtbook.com/nxtbooks/sumitomo/visions-summer2018
https://www.nxtbook.com/nxtbooks/sumitomo/visions-winterspring2018
https://www.nxtbook.com/nxtbooks/sumitomo/visions-fall2017
https://www.nxtbook.com/nxtbooks/sumitomo/visions-summer2017
https://www.nxtbook.com/nxtbooks/sumitomo/visions-winterspring2017
https://www.nxtbook.com/nxtbooks/sumitomo/visions-fall16
https://www.nxtbook.com/nxtbooks/sumitomo/visions-springsummer16
https://www.nxtbook.com/nxtbooks/sumitomo/visions-winter16
https://www.nxtbook.com/nxtbooks/sumitomo/visions-fall15
https://www.nxtbook.com/nxtbooks/sumitomo/visions-summer15
https://www.nxtbook.com/nxtbooks/sumitomo/visions-spring15
https://www.nxtbook.com/nxtbooks/sumitomo/visions-winter15
https://www.nxtbook.com/nxtbooks/sumitomo/visions-summerfall14
https://www.nxtbook.com/nxtbooks/sumitomo/visions-summer14
https://www.nxtbook.com/nxtbooks/sumitomo/globalsolutions2014
https://www.nxtbook.com/nxtbooks/sumitomo/visions-winter14
https://www.nxtbook.com/nxtbooks/sumitomo/visions-fall13
https://www.nxtbook.com/nxtbooks/sumitomo/visions-springsummer13
https://www.nxtbook.com/nxtbooks/sumitomo/visions-winter13
https://www.nxtbook.com/nxtbooks/sumitomo/visions-fall12
https://www.nxtbook.com/nxtbooks/sumitomo/visions-springsummer12
https://www.nxtbook.com/nxtbooks/sumitomo/visions-winter12
https://www.nxtbook.com/nxtbooks/sumitomo/visions-fall11
https://www.nxtbook.com/nxtbooks/sumitomo/visions-summer11
https://www.nxtbook.com/nxtbooks/sumitomo/visions-spring11
https://www.nxtbook.com/nxtbooks/sumitomo/visions-winter11
https://www.nxtbook.com/nxtbooks/sumitomo/visions-fall10
https://www.nxtbook.com/nxtbooks/sumitomo/visions-summer10
https://www.nxtbook.com/nxtbooks/sumitomo/visions-winterspring10
https://www.nxtbook.com/nxtbooks/sumitomo/visions-fall09
https://www.nxtbook.com/nxtbooks/sumitomo/visions-summer09
https://www.nxtbook.com/nxtbooks/sumitomo/visions-spring09
https://www.nxtbook.com/nxtbooks/sumitomo/visions-winter09
https://www.nxtbook.com/nxtbooks/sumitomo/visions-fall08
https://www.nxtbook.com/nxtbooks/sumitomo/visions-spring08
https://www.nxtbook.com/nxtbooks/sumitomo/visions-winter08
https://www.nxtbook.com/nxtbooks/sumitomo/visions-fall07
https://www.nxtbook.com/nxtbooks/sumitomo/vision-summer07
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