NEC : Full Year Consolidated Financial Results for the Fiscal Year Ended March 31, 2016
April 28, 2016 at 02:21 am
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Consolidated Financial Results
(*1) Figures represents profit (loss) attributable to owners of the parent.
Notes:
Number of consolidated subsidiaries and affiliated companies accounted for by the equity method is as follows:
Full Year Consolidated Financial Results for the Fiscal Year Ended March 31, 2016 (595KB)
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Cautionary Statement with Respect to Forward-Looking Statements
This material contains forward-looking statements regarding estimations, forecasts, targets and plans in relation to the results of operations, financial conditions and other overall management of the NEC Group (the 'forward-looking statements'). The forward-looking statements are made based on information currently available to NEC and certain assumptions considered reasonable as of the date of this material. These determinations and assumptions are inherently subjective and uncertain. These forward-looking statements are not guarantees of future performance, and actual operating results may differ substantially due to a number of factors.
The factors that may influence the operating results include, but are not limited to, the following:
Effects of economic conditions, volatility in the markets generally, and fluctuations in foreign currency exchange and interest rate
Trends and factors beyond the NEC Group's control and fluctuations in financial conditions and profits of the NEC Group that are caused by external factors
Risks arising from acquisitions, business combinations and reorganizations, including the possibility that the expected benefits cannot be realized or that the transactions may result in unanticipated adverse consequences
Developments in the NEC Group's alliances with strategic partners
Effects of expanding the NEC Group's global business
Risk that the NEC Group may fail to keep pace with rapid technological developments and changes in customer preferences
Risk that the NEC Group may lose sales due to problems with the production process or due to its failure to adapt to demand fluctuations
Defects in products and services
Shortcomings in material procurement and increases in delivery cost
Acquisition and protection of intellectual property rights necessary for the operation of business
Risk that intellectual property licenses owned by third parties cannot be obtained and/or are discontinued
Risk that the NEC Group may be exposed to an unfavorable pricing environment due to intensified competition
Risk that a major customer changes investment targets, reduces capital investment and/or reduces the value of transactions with the NEC Group
Risk that the NEC Group may be unable to provide or facilitate payment arrangements (such as vendor financing) to its customers on terms acceptable to them, or risk that the NEC Group's customers are unable to make payments on time, due to the customers' financial difficulties or otherwise
Risk that the NEC Group may experience a substantial loss of, or an inability to attract, talented personnel
Risk that the NEC Group's ability to access the commercial paper market or other debt markets are adversely affected due to a downgrade in its credit rating
Risk that the NEC Group may incur large costs and/or liabilities in relation to internal control, legal proceedings, laws and governmental policies, environmental laws and regulations, tax practices, information management, and human rights and working environments
Consequences of natural and fire related disasters
Changes in methods, estimates and judgments that the NEC Group uses in applying its accounting policies
Risk that the NEC Group may incur liabilities and losses in relation to its retirement benefit obligations
The forward-looking statements contained in this material are based on information that NEC possesses as of the date hereof. New risks and uncertainties come up from time to time, and it is impossible for NEC to predict these events or how they may affect the NEC Group. NEC does not intend to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
NEC Corporation issued this content on 28 April 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 28 April 2016 06:20:32 UTC
Original Document: http://www.nec.com/en/press/201604/global_20160428_01.html
NEC Corporation specializes in the manufacturing and marketing computing and telecommunication equipments. Net sales break down by activity as follows:
- IT services (53.9%): integration, maintenance, outsourcing, support services, etc.;
- sale of IT infrastructure products and network systems (17%). In addition, the group provides network services;
- sale of digital government and financial services software (14.9%);
- other (12.7%): sale of hardware, mobile telephones, lighting products, energy management and storage systems, etc.
Net sales are distributed geographically as follows: Japan (75%), Asia/Pacific (11.2%), Europe/Middle East/Africa (9.8%) and Americas (4%).