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Transcript : NEC Corporation, Q4 2024 Earnings Call, Apr 26, 2024
04-18
SWAT Mobility Japan Co., Ltd. announced that it has received funding from Chubu Electric Power Company, Incorporated, Nippon Express Holdings,Inc., NEC Corporation, The University of Tokyo Edge Capital Partners Co., Ltd.
CI
NEC : Presentation(1,061KB)
September 15, 2021 at 08:12 pm
Global Business
September 16, 2021
Akihiko Kumagai, Senior Executive Vice President
FY2018-FY2021 Results & Outlook
Plan to grow DG/DF * by +30% CAGR and other businesses by +5% (excl. Display / Energy Business)
Improved profitability through portfolio changes. Achieved positive profit in FY2020
DG/DF: Digital Government/Digital Finance
2% 5%
-1%
Adjusted Op Profit -5%
Global Business Total
[ CAGR +4%]
Display/Energy
[ CAGR ▲57%]
(Billions of Yen)
FY2018
FY2019
FY2020
FY2021
(Planned)
DG/DF
[ CAGR+30%]
Other Businesses
[ CAGR+5%]
・ Service Provider Solution
・ Wireless Solution
・ Submarine Network, etc.
FY2020 Results
Display business profit fell sharply due to Covid-19 and increased competition. Surplus
achieved through SGA reduction and improved profitability in Service Provider Solution and
Submarine Network business
+0.9
Avaloq
▲3.0
(Billions of Yen)
consolidation
One-time Costs
Display Business
FY20
Business Profitability
Adjusted
FY19
+9.8
OP
Improvement
7.5
One-time
▲6.0
・ OSS/BSS* :
Costs
+9.0
Increase in GP margin
・ Submarine Network:
Increase in revenue
FY19
・ SGA reduction
[450.0] (▲9%)
Adjusted
OP
-3.2
* OSS/BSS: Operation Support System/Business Support System)
[493.1]
FY2020 Summary
Completed business portfolio changes, built strong foundation to achieve
Profitable Growth
Key
Achievements
Challenges
Investment in Growth Business
・Acquisition of Avaloq and completion of PMI 100-day plan
・Expansion of submarine cable production capacity
・Software development for OSS/BSS cloud
・Sale of Display business and wind down of Energy business
・Reduction of SGA across all businesses and regions
⇒ Achieved positive profit in a tough Covid-19 environment
DG/DF: Maximization of synergies (acceleration of global expansion)
Submarine NW: Strengthen business operation capability (implement several large-scale projects simultaneously)
Wireless: Break away from volume-dependent profitability model
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NEC Corporation published this content on 16 September 2021 and is solely responsible for the information contained therein. Distributed by Public , unedited and unaltered, on 16 September 2021 00:11:02 UTC .
Transcript : NEC Corporation, Q4 2024 Earnings Call, Apr 26, 2024
04-26
SWAT Mobility Japan Co., Ltd. announced that it has received funding from Chubu Electric Power Company, Incorporated, Nippon Express Holdings,Inc., NEC Corporation, The University of Tokyo Edge Capital Partners Co., Ltd.
04-17
CI
Ministry of Movement Pte. Ltd. announced that it has received funding from The University of Tokyo Edge Capital Partners Co., Ltd., Chubu Electric Power Company, Incorporated, Nippon Express Holdings,Inc., NEC Corporation and other investors
04-16
CI
Ministry of Movement Pte. Ltd. announced that it expects to receive funding from a group of investors
04-01
CI
NEC Corporation and Sumitomo Corporation Sign Strategic Partnership Agreement to Expand Global Sales of the CropScope Agricultural ICT Platform
03-28
CI
NEC Considers Selling Data Center Assets for Up to $500 Million, Sources Say
03-17
MT
NEC Reportedly Weighs $500 Million Data Center Sale
03-14
CI
Transgene, NEC Corporation and BostonGene Corporation Expand Collaboration for Phase I/II Clinical Trial of Neoantigen Cancer Vaccine TG4050
03-05
CI
Tranche Update on Japan Aviation Electronics Industry, Limited's Equity Buyback Plan announced on January 29, 2024.
02-29
CI
After Nikkei's record run, investors want to know if Japan has changed for real
02-28
RE
Japan Aviation Electronics Industry, Limited's Equity Buyback announced on January 29, 2024, has closed with 23,851,152 shares, representing 26.16% for ¥62,132.25 million.
02-27
CI
Hong Kong investor files injunction on NEC's JAE stake sale
02-26
RE
NTT DOCOMO, INC and NEC Corporation to Establish "OREX SAI" Joint Venture to Provide Open Ran Global Deployments
02-26
CI
US investor presses Japan Aviation and NEC to cancel buyback, reconsider buyout offers
02-21
RE
Curi RMB asks Japan Aviation and NEC to cancel tender offer
02-21
RE
NEC Corp. Receives Higher Offer for Japan Aviation Electronics Industry
02-15
MT
Japan chipmaker Renesas to buy software company Altium for $5.9 bln
02-14
RE
NEC spurned private equity offers before selling discounted stake in iPhone supplier, sources say
02-14
RE
Supermicro shares jump after revenue forecast raise re-ignites AI rally
01-30
RE
Transcript : NEC Corporation, Q3 2024 Earnings Call, Jan 30, 2024
01-30
Japan Aviation Electronics Shares Slump After NEC's Plan to Cut Stake
01-30
DJ
NEC Reportedly Plans to Cut Stake Japan Aviation Electronics Industry
01-30
CI
Japan to offer $300 million for optical chip tech development
01-29
RE
Japan Aviation Electronics Industry, Limited announces an Equity Buyback for 25,799,906 shares, representing 28.29% for ¥67,208.76 million.
01-29
CI
Japan Aviation Electronics Industry, Limited authorizes a Buyback Plan.
01-28
CI
Duration Auto. 2 months 3 months 6 months 9 months 1 year 2 years 5 years 10 years Max.
Period Day Week
More charts
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%).
More about the company
Last Close Price
11,170
JPY
Average target price
11,642
JPY
Spread / Average Target
+4.22%
Consensus
1st Jan change
Capi.
+33.77% 19.47B -13.45% 191B +1.32% 167B +1.32% 152B +3.83% 99.13B +21.50% 75.03B -8.21% 70.51B -19.94% 53.21B -8.05% 43.78B +7.34% 37.38B
Other IT Services & Consulting
+951% of historical performance
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