SMM Group Corporate Philosophy

Sumitomo Metal Mining Co., Ltd. and its group companies have formulated the following group management philosophy, based on Sumitomo's Business Spirit.

SMM Group Corporate Philosophy

  • Sumitomo Metal Mining Co., Ltd. (SMM), in accordance with the Sumitomo Business Spirit, shall, through the performance of sound corporate activities and the promotion of sustainable co-existence with the global environment, seek to make positive contributions to society and to fulfill its responsibilities to its stakeholders, in order to win ever greater trust.
  • SMM shall, based on respect for all individuals and recognizing each person’s dignity and value, seek to be a forward-minded and vibrant company.

About Sumitomo's Business Spirit

The origin of the SMM Group dates back to Soga Riemon (1572-1636) ,who developed a copper smelting technique known as nanban-buki. As the successor of this business, Sumitomo has evolved and expanded through such enterprises as copper smelting and mining.

Also, Sumitomo Masatomo (1585-1652) wrote and left as his legacy Monjuin Shiigaki, which describes how a merchant should conduct business. The precepts set down in this document deepened into Sumitomo's Business Spirit, which is now the spiritual backbone of the SMM Group. Sumitomo's Business Spirit is described as follows:

Article 1
Sumitomo shall achieve strength and prosperity by placing prime importance on integrity and sound management in the conduct of its business.
Article 2
Sumitomo shall manage its activities with foresight and flexibility in order to cope effectively with the changing times.Under no circumstances,however,shall it pursue easy gains or act imprudently.

(Quoted from the Sumitomo Goshi Kaisha Administrative Regulations, named “Summary of Business Operations”, formulated in 1928)

Our seniors have put this business spirit into practice for approximately 400 years and have developed SMM Group. Fully recognizing the importance of the values and ethics retained in “Sumitomo's Business Spirit”, which our seniors have fostered, SMM Group will continue to make efforts to consolidate its businesses and to gain more social trust in them.

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