NEC Corporation

16. Commitments and Contingent Liabilities

Commitments outstanding at March 31, 1997 for the purchase of property, plant and equipment approximated Y40,054 million ($323,016 thousand).

Contingent liabilities at March 31, 1997 for notes discounted, loans guaranteed and other guarantees amounted to approximately Y260,891 million ($2,103,960 thousand).

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