NEC Corporation

13. Commitments and Contingent Liabilities

Commitments outstanding at March 31, 1995 for the purchase of property, plant and equipment approximated 31,382 million yen ($360,713 thousand).
Rental expense for the years ended March 31, 1993, 1994 and 1995 aggregated approximately 112,312 million yen, 123,975 million yen and 122,058 million yen ($1,402,966 thousand), respectively. A significant portion of such rentals relates to cancelable short-term leases, many of which are renewed upon expiration.
Contingent liabilities at March 31, 1995 for notes discounted, loans guaranteed and other guarantees amounted to approximately 134,051 million yen ($1,540,816 thousand).

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