Financial Highlights

NEC CORPORATION AND CONSOLIDATED SUBSIDIARIES
For the six-month periods ended September 30, 1995, 1996 and 1997


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                                                                                                                In thousands of      Percent
                                                                             In millions of yen                   U.S.dollars        change
                                                              ---------------------------------------------    ------------------
                                                                 1995            1996             1997               1997           1997/1996
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Net sales ...................................................Y 1,921,737     Y 2,242,541     Y 2,371,610         $19,600,083           6%
Net income ..................................................     20,237          31,211          35,763             295,562          15
Per share of common stock (in yen and U.S. dollars):
  Net income ................................................      12.24           17.82           20.30               0.168          14
  Cash dividends ............................................       5.00            5.50            5.50               0.045           0
Per American Depositary Share, each representing
 5 shares of common stock (in yen and U.S. dollars):
  Net income ................................................         61              89             102                0.84
  Cash dividends ............................................         25              28              28                0.23
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Notes:

U.S. dollar amounts are translated from yen, for convenience only, at the rate of Y121=US$1.
Computation of net income 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.