Be the Best, Be the One 2014（FY2013-2014 Medium-term management plan）
In formulating our medium-term management plan for FY2013 through FY2014, "Be the Best, Be the One 2014" (hereinafter referred to as "BBBO2014"), Sumitomo Corporation Group set forth "What We Aim to Be in fiscal 2019, Our Centennial Year" (hereinafter referred to as "What we aim to be").
Under BBBO2014, the medium-term management plan for the first two years to achieve our vision of "what we aim to be", which is oriented to "heading for an even higher level of profit growth by thorough enhancement of our earning power", we will build a solid earnings base while maintaining financial soundness.
We will make the existing earnings pillars even more robust through such actions as steadily executing new investment and loans. At the same time, we will undertake efforts to foster and develop new pillars of earnings for the future that hold promise for growth over the medium to long term. Furthermore, we will also continue to carry out reductions and divestitures of businesses that show little potential for profit or growth, in order to stimulate the metabolism of our business portfolio.
Moreover, we will pursue strengths and capabilities of Sumitomo Corporation Group, and at the same time, combine them to leverage our integrated corporate strength from both inside and outside the company.
The quantitative targets and balance sheet plan for BBBO2014 are indicated below.
"Consolidated net income" is equivalent to the "profit attributable to owners of the parent" of the International Financial Reporting Standards (IFRS).