Under our FY 2011–2012 medium-term management plan "f(x)"(*1) we will carry on with the basic policies and measures adopted under our previous plan with a view to the next 10 years, FOCUS'10—whence the f—and at the same time undertake the execution—whence the x—of our business model innovation. We are doing this to meet the demands of the times based on our Corporate Mission Statement, which define value creation as our corporate vision, with the aim of achieving growth together with all our partners across regional, generational, and organizational boundaries.

*1 The f of f(x) is from "FOCUS'10," and the x is taken from the English word "execution." In order to express the idea of "cross-boundary growth," meaning growth that reaches across regional, generational, and organizational boundaries, we have decided to read the letter x as "cross" rather than "ex."

FY2011-2012 Medium-term Management Plan f(x) (f-cross) (314KB/PDF)

CEO Presentation (856KB/PDF)

Quantitative targets, balance sheet plan, and monitoring index

Our quantitative targets, balance sheet plan, and monitoring index under f(x) are as listed below. The effects of the Great East Japan Earthquake that struck this March, along with other factors, mean that we will be operating in an uncertain economic environment, but we will strive to achieve a risk-adjusted return of 15% or more in FY 2012 without fail, so as to construct business models befitting the value-creating company that we aimed to become under FOCUS'10.

*2 "Consolidated net income" is equivalent to the "profit attributable to owners of the parent" of the International Financial Reporting Standards (IFRS).

*3 including net increase of trade assets and others

Four key actions

Under f(x) we will execute four key actions to implement our business model innovation.

1. Make visible and share long-term ideal images on the front lines.
   We will clarify short-term issues and strategies by starting discussions on long-term visions and will enhance the level, speed, and quality of execution by sharing growth strategies.
2. Accelerate strategic resource management.
   We will accelerate the strategic allocation of corporate resources to businesses with better prospects for growth and profitability. We will continue to reinforce soundness, including compliance, and efficiency as set forth under FOCUS'10.
3. Enhance our integrated corporate strength on a global basis.
   We will strengthen the foundations of our regional organizations and reinforce business strategies on a global basis. We will also create new businesses by leveraging the strengths of our networks and partnerships established inside and outside the company.
4. Strengthen human resources management on a company-wide level.
   We will strengthen our recruitment and development of global talent and will conduct strategic placement of human resources on a company-wide level by pursuing human resources strategy in line with business strategy.

Sumitomo Corporation Group's Corporate Mission Statement