NEC Corp - Company Profile
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NEC Corp (NEC) is a provider of information and network technology solutions. The company’s product portfolio comprises servers, equipment, and network systems for telecommunication carriers, automated teller machines, storage devices, broadcasting video systems, supercomputers, personal computers, tablet terminals, aerospace systems, fire and disaster prevention systems, and software. It also offers electronic components and products such as lithium-ion rechargeable batteries, LCD panels, and lighting equipment. NEC offers services, including system integration, support, and outsourcing services. It serves the aviation, aerospace, healthcare, agriculture, retail, broadcasting, logistics, finance, government, hospitality, manufacturing, transportation, and telecom industries. The company has operations across the Americas, Europe, the Middle East and Africa, and Asia-Pacific. NEC is headquartered in Minato-ku, Tokyo, Japan.
Headquarters
Japan
Address
7-1, Shiba 5-chome, Minato-Ku, Tokyo, 108-8001
Website
www.nec.com
Telephone
81 3 34541111
No of Employees
118,527
Industry
Technology and Communications
Ticker Symbol & Exchange
6701 (TYO)
Revenue (2022)
$24.5B
9.9%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-19%
(2022 vs 2021)
Market Cap*
$19.6B
Net Profit Margin (2022)
XYZ
-26.2%
(2022 vs 2021)
* As of and is in US$
NEC Corp premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Computer | Outsourcing Services | NEC |
| Embedded Systems | DX Design Consulting Service | |
| Network Products | ||
| XYZ | ||
| XYZ | ||
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In March, the company and Tokyo Medical and Dental University announced the development of a technology to help in self-care for chronic non-specific lower back pain (CLBP) by using artificial intelligence. |
| 2024 | Contracts/Agreements | In March, the company entered into a partnership with Skyloom Global Corporation to produce cutting-edge optical communication equipment for multi-orbit satellite networks. |
| 2024 | Contracts/Agreements | In March, the company expanded its collaboration with Transgene and BostonGene Corporation to perform Phase I/II trials of TG4050. |
Competitor Comparison
| Key Parameters | NEC Corp | Microsoft Corp | Hitachi Ltd | International Business Machines Corp | Mitsubishi Electric Corp |
|---|---|---|---|---|---|
| Headquarters | Japan | United States of America | Japan | United States of America | Japan |
| City | Minato-Ku | Redmond | - | Armonk | Chiyoda-Ku |
| State/Province | Tokyo | Washington | Tokyo | New York | Tokyo |
| No. of Employees | 118,527 | 221,000 | 322,525 | 305,300 | 149,655 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Takashi Niino | Chairman | Executive Board | 2023 | 69 |
| Takayuki Morita | Director; President; Chief Executive Officer | Executive Board | 2023 | 63 |
| Osamu Fujikawa | Chief Financial Officer; Corporate Executive Vice President; Director | Executive Board | 2023 | 58 |
| Hiroshi Kodama | Managing Director - Corporate IT and Digital Division; Executive Vice President; Chief Information Security Officer; Chief Information Officer; Executive Officer | Senior Management | 2023 | 61 |
| Motoo Nishihara | Chief Technology Officer; Executive Officer; President - Global Innovation Business Unit; Corporate Executive Vice President | Senior Management | 2023 | 61 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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