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nec corp (6701) Details

NEC Corporation engages in the integration of information technology (IT) and network technologies worldwide. It operates in four segments: Public, Enterprise, Telecom Carrier, and System Platform. The company provides systems integration services, such as systems implementation and consulting; maintenance and support services; outsourcing/cloud services; and system equipment. It also provides network infrastructure products, including core network products, mobile phone base stations, submarine systems comprising submarine cable and ocean observation systems, optical transmission systems, routers/switches, and mobile backhaul products, as well as telecom operations and management solutions, and other services/solutions. In addition, the company provides hardware products, such as servers, mainframes, supercomputers, storage products, business PCs, tablet devices, POS, ATMs, control equipment, wireless LAN routers, displays, and projectors; and software products that consist of integrated operation management, application servers, and security and database software. Further, it offers enterprise network solutions that include IP telephony systems, WAN/wireless access equipment, and LAN products; data center infrastructure services; and safety products, which include biometric solutions comprising face recognition and fingerprint identification, surveillance products, Smart energy products, and lighting equipment. Additionally, the company engages in the provision of IT services for retail sector; and manufacturing co-creation program activities. It primarily serves governments, governmental agencies, local governments, public institutions, financial institutions, and other organizations, as well as telecom carriers. The company was formerly known as Nippon Electric Company, Limited and changed its name to NEC Corporation in April 1983. NEC Corporation was founded in 1899 and is headquartered in Tokyo, Japan.

98,726 Employees
Last Reported Date: 06/22/16
Founded in 1899

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nec corp (6701) Key Developments

NEC Corporation to Showcase Cyber Security and Biometrics Solutions for Law Enforcement at 85th Interpol General Assembly

NEC Corporation will introduce its Public Safety solutions at the 85th ICPO-INTERPOL General Assembly Exhibition, which will be held at Nusa Dua Convention Center, Bali, Indonesia from 7 to 10 November 2016. NEC will be showcasing its Cyber Security and Biometrics Solutions for Law Enforcement. With the rise in terror and cyber attacks around the globe, there is a pressing need for governments and enterprises to build robust defenses in the physical and digital world. NEC will showcase how its latest technology offerings in cyber security technologies and advanced biometrics solutions can help law enforcement agencies keep their cities safer. The NEC booth features the following solutions: Cyber Security: NEC employs a powerful and effective combination of security technology and solutions to keep large-scale ICT environments safe. vDigital Forensic Solution: The Digital Forensic Solution equips Law Enforcement agencies with the necessary forensic capabilities for combatting cybercrime. This suite empowers organizations with the know-how for specific forensic areas, including: Mobile device forensics; Disk forensics; Malware forensics; and Memory forensics. NeoFace Watch: A high performance face recognition software application for real-time video surveillance, offline video face search and high volume photo face search. Multiple alert options are available. NeoFace Reveal: Latent face workstation providing the ability to enhance poor quality latent face images, search against mugshot repositories, and identify potential candidates. The solution allows operators to easily scroll through and review the candidate list, enabling a quick assessment by skilled experts. NeoFace Smart ID, NeoScan45: A mobile application equipped with multi-biometric capture capability including facial images, fingerprints and voices in addition to descriptive data. This application allows operators to rapidly identify persons in the field without ID credentials based upon a fingerprint or facial recognition search. SmartScan: SmartScan, an advanced multi-modal capture solution, breaks from convention with an extraordinarily functional ergonomic design and a Microsoft Windows 10 user interface delivering leading edge biometric technology.

NEC Corporation Announces Earnings Results for the Second Quarter and Six Months Ended September 30, 2016

NEC Corporation announced earnings results for the second quarter and six months ended September 30, 2016. For the six months, the company reported revenue of JPY 1,201,062 million against JPY 1,309,720 million a year ago. Operating profit was JPY 3,744 million against JPY 19,011 million a year ago. Income before income taxes was JPY 12,637 million against JPY 19,782 million a year ago. This was primarily due to the worsening of operating profit in addition to the worsening of foreign exchange gains, despite the increased gain on sales of affiliate’s stocks. Net profit attributable to the owners of the parent was JPY 13,118 million or JPY 5.05 per share against JPY 8,610 million or JPY 3.31 per share a year ago. This was due to decreased income taxes, despite the worsening of income before income taxes. For the quarter, the company reported revenue of JPY 682,359 million against JPY 722,426 million a year ago. Operating profit was JPY 33,688 million against JPY 26,586 million a year ago. Income before income taxes was JPY 46,291 million against JPY 24,183 million a year ago. Net profit attributable to the owners of the parent was JPY 33,222 million or JPY 12.78 per share against JPY 15,874 million or JPY 5.47 per share a year ago. Net cash provided by operating activities was JPY 32,991 million against JPY 32,817 million a year ago. Purchase of property, plant and equipment was JPY 18,941 million against JPY 18,117 million a year ago. Acquisition of intangible assets was JPY 4,306 million against JPY 4,994 million a year ago.

NEC Corporation Announces the Global Launch of NeoFace Image Data Mining, Specialized Software

NEC Corporation announced the global launch of NeoFace Image data mining (NeoFace Idm), specialized software that utilizes Artificial Intelligence (AI) to quickly and accurately search video footage, such as content from crime prevention CCTV cameras, for specific individuals. In addition to searching for subjects based on facial image data, NeoFace Idm can also search for subjects who appear at specific times and locations, or who appear together with other specific individuals. The software can be utilized in a variety of applications, such as criminal investigations, searching for lost children, and providing improved customer service. When searching video where roughly one million individual instances of facial data appear, the software is capable of conducting searches within approximately 10 seconds. NeoFace Idm combines the world's most accurate facial recognition technology with 'Profiling Across Spatio-Temporal Data' technology, which creates groups of subjects based on their level of similarity and conducts high-speed searches for specific patterns.


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Valuation 6701 Industry Range
Price/Earnings 8.6x
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Price/Cash Flow 8.6x
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