OREANDA-NEWS. NEC Reports Results for the First Nine Month of FY2012. Under this business environment, NEC recorded consolidated net sales of 2,169.8 billion yen for the nine months ended December 31, 2012, an increase of 57.6 billion yen (2.7%) year-on-year. This increase was mainly due to increased sales from the IT Solutions business and the Carrier Network business, in spite of decreased sales from the Personal Solutions business, attributed mainly to the personal computer business for private users no longer being consolidated.

Regarding profitability, consolidated operating income (loss) improved by 73.2 billion yen year-on-year, for an operating income of 71.8 billion yen, mainly due to increased sales from the IT Solutions business and the Carrier Network business as well as the execution of structural reforms, an improved cost percentage and streamlined selling, general and administrative expenses.

In terms of ordinary income (loss), NEC recorded a profit of 51.8 billion yen, improving by 73.8 billion yen year-on-year, mainly due to the improvement of operating income (loss).

Income (loss) before income taxes and minority interests was a profit of 46.8 billion yen, a year-on-year improvement of 67.2 billion yen. This was primarily due to the improved ordinary income (loss), in spite of decreased gain on sales of subsidiaries and affiliates' stocks.

Net income (loss) for the nil1e months ended December 31,2012 was a profit of 11.5 billion yen, a year-on-year improvement of 109.0 billion yen, mainly due to the influence of the revision of deferred tax assets for the corresponding period of the previous fiscal year.