NEC Corporation

Eleven-Year Summary


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                                                                     In millions of yen
                                          -------------------------------------------------------------------------
                                              1986        1987        1988        1989       1990       1991 
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For the fiscal year: 
 Sales and other income	..................Y2,403,232  Y2,505,227  Y2,755,217  Y3,126,764  Y3,504,308  Y3,768,946 
 Net sales................................ 2,334,668   2,449,735   2,714,736   3,082,800   3,444,177   3,698,798

 Income before income taxes...............   119,757      58,895      72,050     132,190     173,741     134,189
 Income taxes.............................    97,899      45,473      50,844      87,264     105,567      87,166
 Net income...............................    27,185      15,034      25,363      64,477      85,219      54,383
 Capital expenditures.....................   293,293     193,623     249,987     285,726     343,778     356,731
 Depreciation.............................   161,615     156,048     162,407     171,899     199,062     231,192
 R&D expenses.............................   165,024     191,646     208,067     221,607     246,544     279,483

Per share data (in yen and U.S. dollars): 
 Per share of common stock:
  Net income..............................     19.38       10.71       17.30       40.87       52.74       34.08
  Cash dividends..........................      9.00        9.00        9.00        9.00       10.00       10.00 
 Per American Depositary Share, 
   each representing 5 shares of 
   common stock:
  Net income..............................        97          54          87         204         264        170 
  Cash dividends..........................        45          45          45          45          50         50   

At year-end: 
 Total assets............................. 2,586,157   2,765,891   2,904,928   3,346,412   3,683,999  3,929,533
 Shareholders' equity.....................   498,040     514,269     593,218     689,361     805,185    880,936
 Employees................................    95,796     101,227     102,452     104,022     114,599    117,994
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                                                                 In millions of yen                   In thousands of
                                                                                                       U.S. dollars
                                          ---------------------------------------------------------  ----------------
                                              1992        1993        1994        1995        1996         1996 
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For the fiscal year: 
 Sales and other income	..................Y3,851,579  Y3,583,552  Y3,652,501  Y3,829,538  Y4,427,272   $41,376,374 
 Net sales................................ 3,773,850   3,514,979   3,579,787   3,769,357   4,397,192    41,095,252 
 Income (loss) before income taxes........    51,445     (37,692)     25,110      74,724     151,318     1,414,187
 Income taxes.............................    45,599      22,019      25,531      51,448      76,376       713,794  
 Net income (loss)........................    15,276     (45,160)      6,606      35,316      77,166       721,178  
 Capital expenditures.....................   321,727     230,787     230,069     300,220     401,999     3,757,000 
 Depreciation.............................   235,646     226,456     213,380     222,780     260,247     2,432,215
 R&D expenses.........................       302,363     275,017     261,659     266,006     298,713     2,791,710   

Per share data (in yen and U.S. dollars): 
 Per share of common stock: 
  Net income (loss).......................      9.93      (29.34)       4.29       22.92       45.21         0.423       
  Cash dividends..........................     10.00       10.00       10.00       10.00       11.00         0.103  
 Per American Depositary Share, 
   each representing 5 shares of 
   common stock:
  Net income (loss).......................        50        (147)         21         115         226          2.11 
  Cash dividends..........................        50          50          50          50          55          0.51
 
At year-end: 
 Total assets............................. 4,081,217   3,978,899   4,039,809   4,151,320   4,683,120    43,767,477
 Shareholders' equity.....................   878,353     805,833     782,061     790,749     878,852     8,213,570 
 Employees................................   128,320     140,969     147,910     151,069     152,719
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Notes:
  1. U.S. dollar amounts are translated from yen, for convenience only, at the rate of Y107 = U.S.$1.
  2. Computation of net income or loss per share is based on the average number of shares of common stock outstanding during each year, with consideration of the dilutive effect of common stock equivalents.
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