Technology Services

NEC Corp.

Business Summary

NEC Corp. engages in the provision of systems, components, services, and integrated solutions for computing and communications applications. It operates through the following segments: Public Business, Enterprise Business, Telecom Carrier Business, System Platform Business, and Others. The Public Business segment provides system integration (system architecture and consulting), support (maintenance), outsourcing and cloud services, and system equipment for public, medical and financial institutions. The Enterprise Business segment offers information technology solutions for manufacturing, retail, and services. The Telecom Carrier Business segment supplies equipment to telecom carriers for network implementation, along with network control platform systems and operating services. The System Platform Business deals with products from business such as from terminals to network and computer equipment, software products, and service platforms. The Others segment includes smart energy solutions, mobile phones, and lighting equipment businesses. The company was founded by Kunihiko Iwadare on July 17, 1899 and is headquartered in Tokyo, Japan.

Financial Highlights

Mar 2022	JPY	USD
Revenue	3,014.09B	26,822.31M
Gross Profit	886,413M	7,888.15M
Operating income	124,079M	1,104.17M
Income before tax	139,052M	1,237.41M
Net income	141,277M	1,257.21M
EBITDA	304,618M	2,710.78M
Diluted EPS	518.54	4.61
Dividends Per Share	100	0.88
Total Assets	3,822.98B	31,497.30M
Total liabilities	2,036.34B	16,777.28M
Total equity	1,513.50B	12,469.64M
Operating cash flow	147,517M	1,312.74M
	Currency in JPY	Currency in USD

Historical Data

JPY | USD

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Revenue	2,844.44B	2,913.44B	3,095.23B	2,994.02B	3,014.09B
Gross Profit	797,594M	829,929M	887,559M	861,183M	886,413M
Operating income	68,745M	88,036M	136,090M	129,902M	124,079M
Income before tax	86,941M	77,308M	123,969M	152,837M	139,052M
Net income	45,870M	39,675M	99,967M	149,606M	141,277M
EBITDA	164,782M	187,781M	302,450M	297,515M	304,618M
Diluted EPS	176.53	152.74	385.01	557.18	518.54
Dividends Per Share	60	40	70	90	100
Total Assets	2,885.24B	3,025.57B	3,175.52B	3,725.64B	3,822.98B
Total liabilities	1,830.95B	1,965.89B	2,061.00B	2,163.82B	2,036.34B
Total equity	880,833M	858,939M	910,674M	1,308.15B	1,513.50B
Operating cash flow	129,981M	64,235M	261,863M	274,907M	147,517M

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Revenue	25,664.39M	26,272.19M	28,468.26M	28,230.20M	26,822.31M
Gross Profit	7,196.39M	7,483.93M	8,163.28M	8,119.96M	7,888.15M
Operating income	620.26M	793.87M	1,251.68M	1,224.82M	1,104.17M
Income before tax	784.43M	697.13M	1,140.19M	1,441.07M	1,237.41M
Net income	413.86M	357.77M	919.44M	1,410.61M	1,257.21M
EBITDA	1,486.76M	1,693.32M	2,781.76M	2,805.22M	2,710.78M
Diluted EPS	1.59	1.37	3.54	5.25	4.61
Dividends Per Share	0.54	0.36	0.64	0.84	0.88
Total Assets	27,129.67M	27,334.99M	29,415.30M	33,716.28M	31,497.30M
Total liabilities	17,216.32M	17,761.15M	19,091.34M	19,582.10M	16,777.28M
Total equity	8,282.39M	7,760.21M	8,435.68M	11,838.47M	12,469.64M
Operating cash flow	1,172.77M	579.24M	2,408.47M	2,592.05M	1,312.74M

Valuation Measures

Mar 2022
PER	9.93
ROA	3.74%
ROE	10.01%
Operating margin	4.11%
Profit margin	4.68%

Key executives

President, CEO & Representative Director: Takayuki Morita
CFO & Managing Executive Officer: Osamu Fujikawa
Director & Chief Technology Officer: Motoo Nishihara
Chief Information Officer: Hiroshi Kodama
Director & Executive Vice President: Norihiko Ishiguro

Shareholders

Nippon Telegraph & Telephone Corp. (4.7%)
Nomura Asset Management Co., Ltd. (3.8%)
Sumitomo Mitsui Trust Asset Management Co., Ltd. (3.7%)
Asset Management One Co., Ltd. (3.6%)
BlackRock Fund Advisors (3.5%)
The Vanguard Group, Inc. (2.5%)
NEC Corp. (2.2%)
Sumitomo Life Insurance Co. (2.0%)
BlackRock Japan Co., Ltd. (1.7%)
Nikko Asset Management Co., Ltd. (1.7%)

Contact Details

Website:http://jpn.nec.com
Address: 5-7-1 Shiba, Minato-Ku, Tokyo, 108-8001, Japan
Phone: +81.3.3454.1111

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Competitors

Nokia Oyj
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Amdocs Limited
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Avaya Holdings Corp.
AudioCodes Ltd.
Aware, Inc.
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ImageWare Systems Incorporated
RingCentral, Inc. Class A
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Coretronic Corporation
BIO-key International, Inc.
Crexendo, Inc.
Cambium Networks Corporation
Aviat Networks, Inc.
authID Inc.
VOXX International Corporation Class A
Satrec Initiative Co., Ltd.
Optiva Inc.
Xtera Communications, Inc.
Ceragon Networks Ltd
Aptamer Sciences, Inc.
Beam Global
Chunghwa Telecom Co., Ltd
Cosmo Electronics Corporation

Last Updated on 31 Mar, 2023