Q3 2022 NEC Corp Earnings Presentation Transcript

Jan 31, 2022 / NTS GMT

Release Date Price: $7.6 (+2.37%)

Transcript

Takayuki Morita

NEC Corporation - President, CEO & Representative Director

Thank you for your attendance today. I will now like to explain our financial results for Q3 fiscal year ending March 31, 2022, that was announced today. This is the agenda for today.

First, the highlights from today's announcement. We have thoroughly assessed the impact to date of semiconductor shortages as well as the impact until the end of the fiscal year, including our improvement plans and its effects. Needless to say, as a prerequisite, we have scrutinized our 9-month progress and future outlook as well and revised our adjusted operating profit from JPY 155 billion to JPY 160 billion. Although there are impacts from component shortages that were not anticipated at the beginning of the year, usual business has improved, and we have revised the forecast upwards.

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