Sumitomo : extends partnership with the TOMODACHI Initiative to provide the TOMODACHI Sumitomo Corporation Scholarship Program
December 04, 2017 at 03:43 am EST
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Dec. 04, 2017
U.S.-Japan council (Japan)
Sumitomo Corporation
Sumitomo Corporation (Head office: Chuo-ku, Tokyo; Representative Director, President and Chief Executive Officer: Kuniharu Nakamura) and the U.S.-Japan Council (Chiyoda-ku, Tokyo; President: Irene Hirano Inouye) reached an agreement to extend the partnership to implement the 'TOMODACHI Sumitomo Corporation Scholarship Program'.
Viewing educational support for the next generation as a priority in its social contribution activities, Sumitomo Corporation has endorsed the spirit of the TOMODACHI Initiative by becoming a Strategic Partner in December 2013. Sumitomo Corporation has provided scholarships through the 'TOMODACHI Sumitomo Scholarship Program' for four years between 2014 and 2017. It has supported 28 Japanese students who had taken up the one year study abroad program.
In addition to extending this scholarship program for the next four years, Sumitomo Corporation and TOMODACHI are also considering to expand the number of partner Japanese universities and offer supplementary programs to complement the scholarship program. The extended contribution to TOMODACHI is valued at 10 million yen. The scholarship program continues to offer opportunities for scholars and alumni of the program to connect and inspire each other, even after the completion of their study abroad experiences, though networking activities with an aim to create a community among program participants and alumni.
Sumitomo Corporation will continue to support the next generation leaders who will act as a bridge and contribute to strengthening the relationship between the United States and Japan in the future.
（Signing Ceremony）
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The TOMODACHI Initiative is a public-private partnership between the U.S.-Japan Council and the U.S. Embassy in Tokyo, with support from the Government of Japan. Born out of support for Japan's recovery from the Great East Japan Earthquake, TOMODACHI invests in the next generation of Japanese and American leaders through educational and cultural exchanges as well as leadership programs. The initiative seeks to foster a 'TOMODACHI Generation' of young American and Japanese leaders who are committed to and engaged in strengthening U.S.-Japan relations, appreciate each other's countries and cultures, and possess the global skills and mindsets needed to contribute to and thrive in a more cooperative, prosperous, and secure world. Visit us at www.tomodachi.org.
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'Alumni' refers to past participants of the TOMODACHI programs.
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■Sumitomo Corporation's Material Issues
Sumitomo Corporation Group positions 'Six Material Issues to Achieve Sustainable Growth with Society' as an important factor in developing business strategies and in the decision-making process for individual businesses. Going forward, we will pursue sustainable growth by resolving these issues through our business activities. This project especially contributes to 'the Development of Local Communities and Industries'.
Sumitomo Corporation published this content on 04 December 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 04 December 2017 08:41:09 UTC.
Original documenthttp://www.sumitomocorp.co.jp/english/news/detail/id=30441
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Sumitomo Corporation is a diversified group organized around 7 areas of activity:
- retail distribution of consumer goods (24.4% of net sales): food products, apparel and accessories, pharmaceuticals, building materials, household and decorative items, etc. The group is also developing a real estate business;
- trading of hydrocarbon, mining, chemicals and electronics products (24%): oil, natural gas, copper, gold, silver, zinc, lead, nickel, coal, iron ore, resins, pesticides, petrochemical products, etc.;
- trading of steel products and non ferrous metals (20%): flat and long steel products, tubular products, aluminum products, titanium, etc.;
- distribution of transportation and construction systems and equipments (15.1%): spatial equipments, landing fields, forest machines, motorcycles, mining operating vehicles, etc.;
- telecommunications and multimedia products and services supplies (8.8%): TV wiring, data communication solutions, film distribution services, mobile telephony, Internet access and computing services;
- development and implementation of civil engineering infrastructures (7.6%): power plants, wastewater treatment units, industrial plants, telecommunications centers, etc. The group is also providing logistics services;
- other (0.1%).
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