NEC Announces Consolidated Financial Reports for First Quarter Fiscal Year
Ending March 31, 2014
Tokyo, July 31, 2013 - (JCN Newswire) - NEC Group recorded consolidated net
sales of 640.1 billion yen for the three months ended June 30, 2013, an
increase of 8.6 billion yen (1.4%) year-on-year. This increase was mainly due
to increased sales from the Public business and the Enterprise business.
Regarding profitability, operating income (loss) worsened by 13.9 billion yen
year-on-year, to an operating loss of 21.8 billion yen, mainly due to decrease
profit from increased investment expenses in growth areas. In addition to
decreased sales in the Telecom Carrier business and others.
In terms of ordinary income (loss), the NEC Group recorded a loss of 28.2
billion yen, declining by 16.0 billion yen year-on-year, mainly due to the
worsening of operating income (loss).
Income (loss) before income taxes and minority interests was a loss of 10.6
billion yen, a year-on-year improvement of 3.9 billion yen. This was primarily
due to gain on sales of subsidiaries and affiliates' stocks despite
worsened ordinary income (loss).
Net income (loss) for the first quarter was a loss of 21.5 billion yen, a
year-on-year worsening of 3.6 billion yen.
For the full report, visit
About NEC Corporation
NEC Corporation (TSE: 6701) is a leader in the integration of IT and network
technologies that benefit businesses and people around the world. By providing
a combination of products and solutions that cross utilize the company's
experience and global resources, NEC's advanced technologies meet the
complex and ever-changing needs of its customers. NEC brings more than 100
years of expertise in technological innovation to empower people, businesses
and society. For more information, visit NEC at http://www.nec.com.
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