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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 2023 JPYUSD
Gross Profit958,248M7,071.02M
Operating income166,104M1,225.70M
Income before tax163,722M1,208.12M
Net income114,500M844.90M
Diluted EPS424.513.13
Dividends Per Share1100.81
Total Assets4,038.27B30,342.43M
Total liabilities2,125.55B15,970.77M
Total equity1,623.81B12,200.89M
Operating cash flow152,127M1,122.56M
Currency in JPYCurrency in USD

Historical Data

 Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Revenue 2,913.44B 3,095.23B 2,994.02B 3,014.09B 3,313.01B
Gross Profit 829,929M 887,559M 861,183M 886,413M 958,248M
Operating income 88,036M 136,090M 129,902M 124,079M 166,104M
Income before tax 77,308M 123,969M 152,837M 139,052M 163,722M
Net income 39,675M 99,967M 149,606M 141,277M 114,500M
EBITDA 187,781M 302,450M 297,515M 304,618M 349,402M
Diluted EPS 152.74 385.01 557.18 518.54 424.51
Dividends Per Share 40 70 90 100 110
Total Assets 3,025.57B 3,175.52B 3,725.64B 3,822.98B 4,038.27B
Total liabilities 1,965.89B 2,061.00B 2,163.82B 2,036.34B 2,125.55B
Total equity 858,939M 910,674M 1,308.15B 1,513.50B 1,623.81B
Operating cash flow 64,235M 261,863M 274,907M 147,517M 152,127M
 Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Revenue 26,272.19M 28,468.26M 28,230.20M 26,822.31M 24,447.16M
Gross Profit 7,483.93M 8,163.28M 8,119.96M 7,888.15M 7,071.02M
Operating income 793.87M 1,251.68M 1,224.82M 1,104.17M 1,225.70M
Income before tax 697.13M 1,140.19M 1,441.07M 1,237.41M 1,208.12M
Net income 357.77M 919.44M 1,410.61M 1,257.21M 844.90M
EBITDA 1,693.32M 2,781.76M 2,805.22M 2,710.78M 2,578.28M
Diluted EPS 1.37 3.54 5.25 4.61 3.13
Dividends Per Share 0.36 0.64 0.84 0.88 0.81
Total Assets 27,334.99M 29,415.30M 33,716.28M 31,497.30M 30,342.43M
Total liabilities 17,761.15M 19,091.34M 19,582.10M 16,777.28M 15,970.77M
Total equity 7,760.21M 8,435.68M 11,838.47M 12,469.64M 12,200.89M
Operating cash flow 579.24M 2,408.47M 2,592.05M 1,312.74M 1,122.56M

Valuation Measures

Mar 2023
Operating margin5.01%
Profit margin3.45%


  • 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


  • Nippon Telegraph & Telephone Corp. (4.7%)
  • Nomura Asset Management Co., Ltd. (3.9%)
  • 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. (3.1%)
  • NEC Corp. (2.2%)
  • Sumitomo Life Insurance Co. (2.0%)
  • BlackRock Japan Co., Ltd. (1.7%)
  • Daiwa Asset Management Co. Ltd. (1.7%)

Contact Details

  • Website:
  • Address: 5-7-1 Shiba, Minato-Ku, Tokyo, 108-8001, Japan
  • Phone: +81.3.3454.1111

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Last Updated on 22 Sep, 2023

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