Q3 2021 NEC Corp Earnings Presentation Transcript

Jan 29, 2021 / NTS GMT

Release Date Price: $11 (+3.83%)

Transcript

Takayuki Morita

NEC Corporation - President, CEO & Representative Director

This is Takayuki Morita, Senior Executive Vice President and CFO. Thank you very much for joining us today. We are happy to see many of you here with us today. Now let me present the financial results for Q3 of fiscal year ending March 31, 2021 that we announced today.

I will make the presentation based on the Page 2 index. The first is overview of financial results. Please turn to Page 4. This is a summary of Q3 financial results. 9-month revenue decreased by 6% year-on-year due to the market deterioration. In Q3, revenue turned to positive recovery growth, supported by solid orders from Q2.

Despite the impact of market deterioration, same as revenue, 9-month adjusted operating profit grew JPY 6.4 billion, including special countermeasures such as JPY 33

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