Full Year 2019 NEC Corp Earnings Presentation Transcript

Apr 26, 2019 / 09:15AM GMT

Release Date Price: $6

Transcript

Takashi Niino

NEC Corporation - CEO, President & Representative Director

I am President and CEO, Takashi Niino. Thank you very much for gathering today. I will present to you our FY 2019 earnings results that were announced today. Page 2 shows today's topics. I'll start from the results of FY 2019 then move on to the forecast for FY '20, and close by updating you on the progress of our Mid-Term Management Plan 2020.

Financial results for FY ended March 2019, Page 4. Now this explains the adjusted operating profit and net profit, which we are disclosing for the first time today. Upholding M&A as our growth strategy, we have acquired companies such as Northgate Public Services and KMD Holding. We decided to deem amortization cost of intangible assets and expenses for acquisition of companies that are recognized as the results of M

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