Q2 2021 NEC Corp Earnings Presentation Transcript

Feb 14, 2024

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Oct 29, 2020 / NTS GMT
Presentation
Oct 29, 2020 / NTS GMT

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Corporate Participants
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* Takashi Niino
NEC Corporation - CEO, President & Representative Director

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Takashi Niino - NEC Corporation - CEO, President & Representative Director

I am Takashi Niino, President of NEC. Thank you very much for taking part in today's online earnings report. I am very grateful for all your participation.

Without further ado, let's move on to the financial results for Q2 of FY ending March 2021. Page 2 is the index showing the content of my presentation.

Firstly, financial results summary. Page 4 is the summary of financial results for the first half of FY ending March 2021. Revenue decreased due to a decline in large projects compared to last year and the slowdown of business PC placement demand. Also, the deterioration of macro economy caused by COVID-19 pushed down revenue.

Despite cost reduction efforts and gain on sales of subsidiary shares, adjusted operating profit declined due to revenue

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