annual report 2001 b l f m j u 3 1 the phenolic resin bakelite one of oldest plastics in use today was developed more than 80 years ago by a belgian american dr leo h baekeland shortly thereafter sumitomo became first japanese company to succeed industrial production material ever since has led processing field providing customers with an widening variety superior products and technologies is moving decisively develop sophisticated that will provide current future generations highest quality available financial highlights president s message 2 major developments 4 consolidated balance sheets 6 statements income 8 shareholders equity 9 cash flows 10 notes 11 independent public accountants 26 environmental accounting 27 directors corporate auditors data 29 profile contents 0 250 000 200 150 100 50 97 98 99 00 01 190 457 272 185 162 192 706 187 168 12