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NEC Result 27/04/2018

NEC

NEC Group announced its fourth quarter and full year financial results for fiscal year ended on March 31, 2018. Revenues for Q4 2018 were ¥873.2 billion ($7.95 billion), an increase of 0.3%, compared to ¥870.6 billion ($7.93 billion) in Q4 2017. Net profit for Q4 2018 was ¥28.3 billion ($260 million), a decrease of 1.9%, compared to ¥30.2 billion ($280 million) in Q4 2017.

Net sales for the fiscal 2018 were ¥2844.4 billion ($25.90 billion), an increase of 6.7%, compared to ¥2665.0 billion ($24.27 billion) in last fiscal 2017. This growth was mainly due to increased sales in public sector business. Net profit for fiscal 2018 was ¥45.9 billion ($420 million), an increase of 18.6%, compared to ¥27.3 billion ($250 million) in fiscal 2017.

The telecom carrier and system platform segment showed declines of 3.4% and 0.8% respectively in revenues in fiscal 2018 compared to last fiscal year whereas the public segment showed positive growth of 22.6% on a YoY basis.

Looking forward to the fiscal year ending March 31, 2019, NEC group expects consolidated net sales of ¥2830.0 billion ($25.77 billion), primarily due to growth from its focus on the safety business.

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