NEC Announces Consolidated Financial Reports for First Quarter F
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 http://www.nec.com/en/press/201307/images/3101-01-01.pdf.
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.
Seiichiro Toda NEC Corporation firstname.lastname@example.org +81-3-3798-6511
Copyright 2013 JCN Newswire. All rights reserved. www.japancorp.net
Provider ID: 00027159