NEC Corp (TSE:6701)

円 12610 -145 (-1.14%) Market Cap: 3.36 Til Enterprise Value: 3.42 Til PE Ratio: 22.47 PB Ratio: 1.75 GF Score: 75/100

NEC Corp Innovation Day Transcript

Nov 30, 2022 / NTS GMT

Release Date Price: 円4855 (-0.82%)

Transcript

Motoo Nishihara

NEC Corporation - Executive VP, CTO, President of Global Innovation Unit & Director

I am Nishihara, CTO. Thank you very much for joining NEC's Innovation Day today. This is a second innovation day as we started from the last year. Today, I'd like to present the impact of cutting-edge technology on the midterm management plan and the expansion of new business and its future prospect. First, let me explain NEC's organizational structure, which was explained last year as well.

Global Innovation Unit is a consolidated body of the R&D function at the previous central laboratories, new business integration and the development function and the corporate IP function with 1,200 members. About 40% of the research people are deployed in overseas laboratories. This is the global structure.

There are 7 laboratories in the world, and the later shows the business locations. Business incubation sites are widely spread in North America and Europe, among others. In Europe, they are in Germany and Portugal. This is a summary of NEC's concept and technological and business innovations.

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