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NEC Announces Differences between Financial Forecasts and Results for the Fiscal Year Ended March 31, 2013 and Extraordinary Loss

*** For immediate use April 26, 2013

Tokyo, April 26, 2013 - NEC Corporation today announced differences between the consolidated financial forecasts announced on January 31, 2013 and results for the fiscal year ended March 31, 2013 as well as the recording of extraordinary loss.

1. Differences between the consolidated financial forecasts and results for the fiscal year ended March 31, 2013
(April 1, 2012 to March 31, 2013)

(In billions of yen)
 Net Sales Operating income Ordinary income Net income
Previous Forecast (A)
(announced January 31, 2013)
3,150.0 100.0 70.0 20.0
Results (B) 3,071.6 114.6 92.0 30.4
Difference (B) - (A) -78.4 14.6 22.0 10.4
Change (%) -2.5% 14.6% 31.5% 52.2%
FY ended March 31, 2012
3,036.8 73.7 42.1 -110.3

2. Reasons for Differences in Forecasts and Results

NEC recorded net sales of 3,071.6 billion yen, 78.4 billion yen less than the previous forecast, mainly due to a decrease in sales in the Carrier Network business and the Personal Solutions business.

NEC recorded operating income of 114.6 billion yen, 14.6 billion yen more than the previous forecast, mainly due to cost reductions and the promotion of cost efficiency, in spite of worsening operating income as the result of a decrease in sales. NEC recorded ordinary income of 92.0 billion yen, 22.0 billion yen more than the previous forecast, mainly due to improved operating income.

NEC recorded net income of 30.4 billion yen, 10.4 billion yen more than the previous forecast, mainly due to improved ordinary income.

3. Recording of Extraordinary Loss

NEC recorded impairment loss of 21.9 billion yen on fixed assets for unprofitable businesses.



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