Full Year 2021 NEC Corp Earnings Presentation Transcript

May 12, 2021 / NTS GMT

Release Date Price: $11.6

Transcript

Takayuki Morita

NEC Corporation - President, CEO & Representative Director

Good afternoon, everybody. Thanking you for your precious time. That said, I'm quite happy to explain the announcement we made today.

I'd like to first explain the summary of financial results for FY 2021 March and then 2025 Midterm Management Plan. And also now I'd like to explain forecast for FY 2022 March.

First, I'd like to go through the actual numbers for FY 2021. Would you please turn to Page 5. And I'd like to go through the outline of the annualized numbers.

The revenue down 3%. Without the COVID-19 impact in the original budget, first, we had thought that we'll be affected by 5% to 6%, in line within Japanese GDP. But thanks to the good traction of the 5G base stations [deliveries], remote work opportunities and also on GIGA School, those

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