Q2 2022 NEC Corp Earnings Presentation Transcript

Oct 29, 2021 / NTS GMT

Release Date Price: $10.7

Transcript

Osamu Fujikawa

NEC Corporation - Executive VP & CFO

Thank you very much for joining us today. I will brief you on the Q2 FY '22 March results announced today.

This is today's agenda. Page 5, Summary of Financial Results for the first half FY '22 March. Revenue was JPY 1,382.8 billion, up 5.2% year-on-year, reflecting the increase in sales in both domestic and overseas businesses. Given the recovery of the domestic market, IT and 5G businesses trended favorably. With Avaloq being newly consolidated, global business grew, supported by the expansion of DG and DF. Adjusted operating profit was JPY 42.1 billion on year-on-year improvement of JPY 13.1 billion, reflecting our capability to steadily capture the market recovery. Variances will be explained later. And due to the improvement of adjusted operating profit, adjusted net profit was JPY 26.1 billion.

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