NEC Corporation

Eleven-Year Summary


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                                                     In millions of yen
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                                              1985        1986        1987        1988        1989       1990 
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For the fiscal year: 
 Sales and other income	..................Y2,317,221  Y2,403,232  Y2,505,227  Y2,755,217  Y3,126,764  Y3,504,308
 Net sales................................ 2,258,375   2,334,668   2,449,735   2,714,736   3,082,800   3,444,177
 Income (loss) before income taxes........   143,787     119,757      58,895      72,050     132,190     173,741
 Income taxes.............................    78,208      97,899      45,473      50,844      87,264     105,567 
 Net income (loss)........................    67,137      27,185      15,034      25,363      64,477      85,219 
 Capital expenditures.....................   369,477     293,293     193,623     249,987     285,726     343,778    
 Depreciation.............................   166,948     161,615     156,048     162,407     171,899     199,062
 R&D expenses.............................   131,741     165,024     191,646     208,067     221,607     246,544

Per share data (in yen and U.S. dollars): 
 Per share of common stock:
  Net income (loss).......................     47.30       19.38       10.71       17.30       40.87       52.74
  Cash dividends..........................      8.14        9.00        9.00        9.00        9.00       10.00
 Per American Depositary Share, 
   each representing 5 shares of 
   common stock:
  Net income (loss).......................       237          97          54          87         204         264
  Cash dividends..........................        41          45          45          45          45          50

At year-end: 
 Total assets............................. 2,711,201   2,586,157   2,765,891   2,904,928   3,346,412   3,683,999
 Shareholders' equity.....................   477,275     498,040     514,269     593,218     689,361     805,185
 Employees................................    90,102      95,796     101,227     102,452     104,022     114,599
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                                                     In millions of yen                               In thousands of             
                                                                                                       U.S. dollars
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                                              1991        1992        1993        1994        1995        1995 
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For the fiscal year: 
 Sales and other income	..................Y3,768,946  Y3,851,579  Y3,583,552  Y3,652,501  Y3,829,538   $44,017,679 
 Net sales................................ 3,698,798   3,773,850   3,514,979   3,579,787   3,769,357    43,325,943 
 Income (loss) before income taxes........   134,189      51,445     (37,692)     25,110      74,724       858,897
 Income taxes.............................    87,166      45,599      22,019      25,531      51,448       591,357
 Net income (loss)........................    54,383      15,276     (45,160)      6,606      35,316       405,931
 Capital expenditures.....................   356,731     321,727     230,787     230,069     300,220     3,450,805  
 Depreciation.............................   231,192     235,646     226,456     213,380     222,780     2,560,689
 R&D expenses.............................   279,483     302,363     275,017     261,659     266,006     3,057,540

Per share data (in yen and U.S. dollars): 
 Per share of common stock: 
  Net income (loss).......................     34.08        9.93      (29.34)       4.29       22.92         0.263 
  Cash dividends..........................     10.00       10.00       10.00       10.00       10.00         0.115
 Per American Depositary Share, 
   each representing 5 shares of 
   common stock:
  Net income (loss).......................       170          50        (147)         21         115          1.32
  Cash dividends..........................        50          50          50          50          50          0.57
 
At year-end: 
 Total assets............................. 3,929,533   4,081,217   3,978,899   4,039,809   4,151,320    47,716,322 
 Shareholders' equity.....................   880,936     878,353     805,833     782,061     790,749     9,089,068
 Employees................................   117,994     128,320     140,969     147,910     151,069
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Notes:
  1. U.S. dollar amounts are translated from yen, for convenience only, at the rate of Y87 = U.S.$1.
  2. Computation of net income or loss per share has been based on the average number of shares of common stock outstanding during each year and the number of shares issuable upon conversion of common stock equivalents, exclusive of treasury stock, appropriately adjusted for free distributions of common stock.
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