NEC Corp (FRA:NEC1)
€ 80.42 -2.36 (-2.85%) Market Cap: 21.68 Bil Enterprise Value: 22.61 Bil PE Ratio: 24.23 PB Ratio: 1.91 GF Score: 61/100

NEC Corp IR Day Transcript

Sep 07, 2022 - Sep 08, 2022 / NTS GMT
Release Date Price: €34.6 (-1.70%)
Osamu Fujikawa
NEC Corporation - Executive VP & CFO

I am the CFO, Fujikawa. Thank you for taking time out of your busy schedules to join us today at NEC IR Day. This is the fourth IR day at our company. Prior to the opening, I would like to explain the progress of the Mid-term Management Plan 2025 announced last year.

In FY 2021, the severe changes in the macro environment, including the shortage of components had a negative impact on our business performance. In this very difficult situation, all group employees work together to minimize the impact of supply chain problems and proved their ability to cope with the crisis.

As a result, we have exceeded our performance targets for FY 2021 and are off to a good start in the first year of our Mid-term Management Plan. As I will briefly explain later, the measures to be taken to realize the Mid-term Management Plan 2025 were implemented almost exactly as planned, and we are confident that the direction of the plan is correct.

It is now FY 2022 and the issues with components remain unresolved. Significant impact on

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