NEC Predicts Highest Operating Profit in 8 Years

NEC will release its full year results on 28th April and is expected to report its highest operating profit in eight years, at around ¥140 billion ($1.1 billion), 10% higher than the company’s forecast figure for fiscal 2014. Turnover for the year is likely to be 3% higher at ¥3.1 trillion ($25.9 billion).

The company attributed the increase to a successful restructuring of its business, having sold off loss making units and withdrawn from smartphone development and manufacturing. NEC has also seen brisk demand for IT products.