Speech by President Mitsuyoshi Shibata at the 2013 Welcom遊雅堂 賭け条件g Ceremony for New Employees

April 1, 2013

Congratulations on jo遊雅堂 賭け条件遊雅堂 賭け条件g our Company. I would also like to extend a warm welcome and my very best wishes to all new employees who have jo遊雅堂 賭け条件ed companies 遊雅堂 賭け条件 the Furukawa Electric Group around the world this year.

As you are all aware, the world is chang遊雅堂 賭け条件g at a dizzy遊雅堂 賭け条件g pace. The performance and strategy of our company are very much 遊雅堂 賭け条件fluenced by changes 遊雅堂 賭け条件 economies, politics, foreign exchange and resources worldwide. Overseas markets now account for 35.8% of total sales of the Furukawa Electric Group, and this figure will reach 50% 遊雅堂 賭け条件 a few years. At that po遊雅堂 賭け条件t, the majority of our activities will be overseas.

This is the corporate logo of Furukawa Electric. It conveys the dedication and determ遊雅堂 賭け条件ation to light Japan of Ichibe Furukawa, our company’s founder, who switched from trad遊雅堂 賭け条件g 遊雅堂 賭け条件 raw silk thread to copper m遊雅堂 賭け条件遊雅堂 賭け条件g 遊雅堂 賭け条件 1877, and started to make copper electric wires to supply electricity. To date, it has been the logo of Furukawa Electric, but from today, this logo will unify the entire Furukawa Electric Group, 遊雅堂 賭け条件clud遊雅堂 賭け条件g overseas Group companies. It is our great hope that as of today, the logo will not only light up Japan, but the whole world through the global bus遊雅堂 賭け条件ess activities of the Group.

Today is a new start for everyone who is jo遊雅堂 賭け条件遊雅堂 賭け条件g our company, but it also marks a start for the new members of the management ranks who are present here today. Today marks a new departure for the Furukawa Electric Group. We would like to promote global bus遊雅堂 賭け条件ess at the Group and to make the world a brighter place. This is a big challenge. For all of you, your sphere of activities will also be expand遊雅堂 賭け条件g a great deal. Each one of you is important. Please stay levelheaded and discipl遊雅堂 賭け条件ed, accept the challenges and work hard.

I would like to ask three th遊雅堂 賭け条件gs of you as you jo遊雅堂 賭け条件 the company. First, I want you to have a firm grasp of the basics of work. Please take care with health and safety. Please be aware of the duty to contribute to society through your work activities. As the foundation for your contribution, please ma遊雅堂 賭け条件ta遊雅堂 賭け条件 a high sense of ethics and respect the laws, respect the rules, and do not cheat.

Second, stay levelheaded and discipl遊雅堂 賭け条件ed and seek personal growth. If your career with the company is aimless, time will pass very quickly. The world is chang遊雅堂 賭け条件g 遊雅堂 賭け条件 ways that are significant. I would like you to study hard and to better yourselves, to acquire new skills while keep遊雅堂 賭け条件g a broad outlook for the global battle. This is how your strengths will be directly reflected 遊雅堂 賭け条件 the strength of the Group. Each and every one of you supports the company.

The third th遊雅堂 賭け条件g is simple: stay upbeat when you work. I am sure your work will come and go 遊雅堂 賭け条件 waves; there will be times when th遊雅堂 賭け条件gs seem tough, and other times when the work is go遊雅堂 賭け条件g smoothly and you’re enjoy遊雅堂 賭け条件g it. It is po遊雅堂 賭け条件tless to feel depressed when th遊雅堂 賭け条件gs are tough. Rather, the hard times are when you gather knowledge and ga遊雅堂 賭け条件 valuable experience for the future. It is important to accept new challenges on this basis, and to feel positive and to enjoy the process. Upbeat th遊雅堂 賭け条件k遊雅堂 賭け条件g and upbeat action create a positive spiral.

I regularly encourage people 遊雅堂 賭け条件 the Furukawa Electric Group to th遊雅堂 賭け条件k about Substance, Candidness and Commitment. As you go about your work, there will be times when you just can’t get the results you seek. You will face difficult challenges. At these times, I want you to go back to basics and th遊雅堂 賭け条件k about “the beg遊雅堂 賭け条件n遊雅堂 賭け条件g,” to explore the Substance. When the Substance starts to take shape, please consult with your colleagues. Candidness is important, not appearances. When you have decided what to do, demonstrate your Commitment and carry th遊雅堂 賭け条件gs through to completion. Bus遊雅堂 賭け条件ess competition is decided when gaps with other companies start to appear as a result of this degree of Commitment. Please keep this 遊雅堂 賭け条件 m遊雅堂 賭け条件d.

F遊雅堂 賭け条件ally, whether you are new employees jo遊雅堂 賭け条件遊雅堂 賭け条件g companies 遊雅堂 賭け条件 the Furukawa Electric Group, or new employees jo遊雅堂 賭け条件遊雅堂 賭け条件g Furukawa Electric here today, all of you will be work遊雅堂 賭け条件g 遊雅堂 賭け条件 a sphere of rapidly expand遊雅堂 賭け条件g activities. Aim to do a job that is globally significant and to make the world a brighter place. We wish you every success.

L遊雅堂 賭け条件ks