OREANDA-NEWS. NEC Corporation today announced revisions to the consolidated financial forecasts announced on January 29, 2015 for the fiscal year ended March 31, 2015 as well as the recording of extraordinary loss.

NEC will announce financial results for the fiscal year ended March 31, 2015 on April 28, 2015.

1. Revised consolidated financial forecasts for the fiscal year ended March 31, 2015


  1. Revised consolidated financial forecasts for the fiscal year ended March 31, 2015 (April 1, 2014 to March 31, 2015)

    (In billions of yen)

      Net Sales Operating income Ordinary income Net income
    Previous Forecast (A)?
    (announced January 29, 2015)    		 3,000.0 120.0 90.0 35.0
    Revised Forecast (B) 2,935.0 128.0 112.0 57.0
    Difference (B)-(A) -65.0 8.0 22.0 22.0
    Change (%) -2.2% 6.7% 24.4% 62.9%
    (Reference)
    FY ended March 31, 2014    		 3,043.1 106.2 69.2 33.7
  2. Reasons for Financial Forecast Revisions
    NEC forecasts net sales of 2,935.0 billion yen, 65.0 billion yen less than the previous forecast, mainly due to decreased sales from the previous estimates in the System Platform business, the Telecom Carrier business and others.

    NEC forecasts operating income of 128.0 billion yen, 8.0 billion yen more than the previous forecast, mainly due to cost efficiency despite decreased sales. NEC also forecasts ordinary income of 112.0 billion yen, 22.0 billion yen more than the previous forecast, due to improvement of operating income, in addition to improving equity in earnings of affiliates and foreign exchange gain. NEC forecasts net income of 57.0 billion yen, 22.0 billion yen more than the previous forecast, mainly due to improvement of ordinary income.

2. Recording of Extraordinary Loss (Consolidated)

NEC records an extraordinary loss of approximately 12.0 billion yen as business structure improvement expenses for the fiscal year ended March 31, 2015, mainly due to the reorganization of a development and manufacturing site inside Japan.