OREANDA-NEWS. The NEC Group recorded consolidated net sales of 598.7 billion yen for the three months ended June 30, 2014, a decrease of 41.4 billion yen (-6.5%) year-on-year. This decrease was mainly due to the mobile phone sales business and the Internet service business from Others no longer being consolidated, despite increased sales from the Public business and the System Platform business.

Regarding profitability, operating income (loss) improved by 14.8 billion yen year-on-year, to an operating loss of 7.1 billion yen, mainly due to improved mobile phone terminal business and increased sales in the System Platform business.

In terms of ordinary income (loss), the NEC Group recorded a loss of 10.0 billion yen, improving by 18.2 billion yen year-on-year, mainly due to the improving operating income (loss). Income (loss) before income taxes and minority interests was a loss of 10.6 billion yen, the same level as the same period of the previous fiscal year. This was primarily due to gain on sales of subsidiaries and affiliates' stocks that were recorded in the same period of the previous fiscal year, despite improved ordinary income (loss).

Net income (loss) for the first quarter was a loss of 10.1 billion yen, a year-on-year improvement of 11.4 billion yen, primarily due to decreased income taxes.