Q1 2022 NEC Corp Earnings Presentation Transcript

Jul 30, 2021 / NTS GMT

Release Date Price: $10.02

Transcript

Takayuki Morita

NEC Corporation - President, CEO & Representative Director

Good afternoon, ladies and gentlemen. Thank you for your participation today. I would now like to explain the financial results for Q1 fiscal year ending March 31, 2022, announced today. This will be the contents I will explain today.

Page 5 is a summary for Q1. Revenue was JPY 651.9 billion, a year-on-year increase of 10.9%. Both Japan domestic and international business increased. There was market recovery domestically and IT and 5G are in good shape. Globally, Avaloq was newly consolidated and expanded, especially in Digital Government and Digital Finance.

Adjusted operating profit was JPY 10.5 billion, an improvement of JPY 16.3 billion year-on-year, a massive improvement because we were able to solidly embrace the market recovery. I will later explain

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