NEC Corporation

6. Inventories

Inventories at March 31, 1996 and 1997 comprise the following:

----------------------------------------------------------------------------------------

                                                                        In thousands of

                                                 In millions of yen       U.S. dollars

                                              ------------------------  ----------------

March 31                                           1996         1997           1997

----------------------------------------------------------------------------------------

Finished products.............................Y  351,589      Y300,829      $2,426,040

Work in process and semifinished components...   505,574       485,731       3,917,185

Less--Advance payments received...............   (29,535)      (30,988)       (249,903)

Raw materials and purchased components........   216,740       185,295       1,494,315

----------------------------------------------------------------------------------------

                                              Y1,044,368      Y940,867      $7,587,637

----------------------------------------------------------------------------------------

next
Copyright NEC Corporation. All rights reserved.