NEC Corporation


5. Inventories


Inventories at March 31, 1994 and 1995 comprise the following:
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                                                                          In thousands of   
                                                 In millions of yen         U.S. dollars
                                               -------------------------   ------------- 
March 31                                        1994           1995            1995 
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Finished products............................. Y274,191     Y299,168        $3,438,713 
Work in process and semifinished components...	435,886      448,187         5,151,575
LessÁĺ®dvance payments received................	(27,632)     (26,437)         (303,874)
Raw materials and purchased components........	136,984      149,852         1,722,437
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                                                819,429      870,770       $10,008,851
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