Message from the President
Under Medium-term Management Plan 2020 –Commitment to Growth–, Sojitz Group has strived to achieve steady growth by increasing the value of our investments while continuing to conduct disciplined investments and loans. This year, the second year of Medium-Term Management Plan 2020, has been an extremely difficult one, with the global economy experiencing an overall decline due to factors such as trade friction between the U.S. and China, deceleration of economic growth in China, unclear progress regarding the United Kingdom’s withdrawal from the European Union, and conditions in the Middle East.
We expect that the business environment will continue to change dramatically throughout this year—the final fiscal year of Medium-term Management Plan 2020. While the spread of COVID-19 has demonstrated the power of technology to connect us, it has also provided us an opportunity to reexamine the importance of human interaction and face-to-face communication. It is moments such as this that hold the potential for major change in the nature of business itself, and I believe that now is the time for sogo shoshas to harness our various abilities, expertise, and networks in order to contribute diverse value to society, and demonstrate why it is we exist. As we move forward, we will accumulate quality assets and take on new business challenges that anticipate future changes and innovations in the business environment. We must also develop talented personnel with the business creativity and aptitude to achieve these goals.
Sojitz Group has strived to cultivate Sojitz’s unique functions and strengths as we seek to maximize the “two types of value”—"value for Sojitz” and “value for society,” all while responding to the dizzying changes of the business environment. We will view each future change as an opportunity, continuing to use innovative ideas to take on new challenges as we work hand-in-hand with all of our stakeholders to achieve sustainable growth for our company and create a more prosperous society.
Representative Director, President & CEO