Message from the President
The global spread of the COVID-19 pandemic in 2020 has had a significant effect on economic activities, impacting multiple sectors and bringing a host of changes to our business activities. This was the final year of our three-year Medium-Term Management Plan 2020, and performance was unfortunate, with profit for the year falling short of the initial plan. We see that the business environment is rapidly changing, and Sojitz has actively implemented initiatives over the past three years that will lead to the creation of new value, such as in the healthcare business, including hospital management projects in Turkey and Australia; a business alliance with Royal Holdings Co., Ltd.; and the creation of multiple business models through digital transformation (DX).
In April 2021, Sojitz launched its new Medium-term Management Plan 2023 –Start of the Next Decade–, positing its vision for 2030 to be a general trading company that continues to create business and develop capable people. Positioning Medium-term Management Plan 2023 as the first step toward realizing this vision, we will pursue value creation by achieving competitive advantages and growth while continuously effecting reforms.
I have always believed that the mission of a general trading company is to deliver goods and services where there is a need. It is important to pursue value creation through a market-oriented approach that sources ideas not only from Japan, but also from countries with social challenges and expected growth potential. In doing so, we will continue to create business and foster human resources that can address society’s needs.
In today’s global climate, the external environment is undergoing major changes, which can be seen in the acceleration of digitalization, heightened ESG awareness, and diversification of people’s values and needs. In such an environment, rather than continuing to provide functions based on a company-centric perspective, Sojitz will pursue competitive advantages and growth by promoting a market-oriented approach, realizing co-creation and sharing methodologies both inside and outside of Sojitz, and striving for speed. To achieve these aims, we will implement organizational and personnel reforms to realize sustainable growth in harmony with society. Through these efforts, we will actualize our Sojitz Group Statement: ?“The Sojitz Group creates value and prosperity by connecting the world with a spirit of integrity.”
With increasing uncertainty in the world’s state of affairs, it is not an easy task to achieve growth and transformation. Even in these hard times, we will exert our utmost effort to increase Sojitz’s corporate value by implementing Medium-term Management Plan 2023 to achieve our vision for 2030.
Representative Director, President & CEO