Q2 2020 NEC Corp Earnings Presentation Transcript

Oct 29, 2019 / 09:15AM GMT

Release Date Price: $6

Transcript

Takashi Niino

NEC Corporation - CEO, President & Representative Director

I am Takashi Niino, CEO and President of NEC. Thank you very much for gathering today despite rain and the given time of the day. Now let me explain to you the earnings results of Q2 FY ending March 2020.

Page 2 is the Table of Content. Firstly, I will walk through the first half results, then talk about our forecast, ending with the progress of our Mid-term Management Plan 2020.

Financial results for the first half. Page 4. Revenue was JPY 1,449 billion with adjusted operating profit of JPY 55.4 billion. Income before income taxes was JPY 46.1 billion, while adjusted net profit was JPY 34.3 billion. Free cash flow was positive JPY 55.6 billion, year-on-year improvement of JPY 72.8 billion. Details will be provided later. Dividend of JPY 30 per share was

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