NEC 2011 Annual Report Download - page 5

Download and view the complete annual report

Please find page 5 of the 2011 NEC annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 100

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100

1,000.0
600.0
800.0
400.0
200.0
2007
859.3
0.83
times
0.80
times
1.44
times
0.92
times 0.89
times
2008
800.8
2009
925.2
2010
729.5
675.8
2011
0
(At year end)
400.0
300.0
200.0
100.0
2007
334.6
7.2% 7.6% 8.2% 7.7%
5.7%
2008
352.2
2009
346.5
2010
276.0
176.5
2011
0
200.0
150.0
100.0
50.0
2007
177.5
2008
122.6
2009
103.1
2010
83.1
52.9
2011
0
IT Services
Business
21.4
billion yen
Platform
Business
8.9
billion yen
Carrier Network Business
40.7
billion yen
Social
Infrastructure
Business
14.6
billion yen
Personal Solutions Business
–1.9 billion yen
Others
7.3
billion yen
Fiscal 2011
operating
income:
¥57.8 billion
300.0
200.0
100.0
0
2007
238.3
–169.7
2008
192.3
–135.8
2009
27.4
–173.2
2010
134.8
–41.2
33.7
–146.2
2011
–200.0
68.6
–112.6
56.5
–145.8
93.6
IT Services Business
804.2 billion yen
(26%)
Platform
Business
375.8
billion yen
(12%)
Carrier Network
Business
605.4 billion yen
(19%)
Others
244.7 billion yen
(8%)
Personal
Solutions
Business
766.5
billion yen
(25%)
Social
Infrastructure
Business
318.8 billion yen
(10%)
Fiscal 2011
net sales:
¥3,115.4 billion
Note: Expenses other than the above include
general and administrative expenses of divisions
that are not affiliated with any segment and basic
research and fundamental development expenses.
INTEREST-BEARING DEBT,
DEBT-EQUITY RATIO
(Billion ¥)
R&D EXPENSES,
R&D EXPENSES RATIO
(Billion ¥)
CAPITAL EXPENDITURES
(Billion ¥)
SEGMENT SALES (COMPOSITION)
CASH FLOWS
(Billion ¥)
SEGMENT OPERATING INCOME (LOSS)
Millions of
U.S. dollars Percent
change
2011/20102011 2011
¥3,115,424 $37,535 –13.1%
479,349 5,775 –32.8
15.4
57,820 697 13.6
41 0 –99.9
(12,518) (151) –
33,660 406 –75.0
(146,244) (1,762) –
(112,584) (1,356) –
176,514 2,127 –36.0
52,850 637 –36.4
62,097 748 –44.1
(4.82) (0.06) –
– – –
0.00 0.00 –
2,628,931 31,674 –10.5
757,054 9,121 –4.3
–
28.8
675,798 8,142 –7.4
0.89
115,840
283
R&D expenses
R&D expenses ratio
Cash flows from operating activities
Cash flows from investing activities
Free cash flows
Interest-bearing debt
Debt-equity ratio
Net sales ¥3,115.4 billion (down 13.1% year on year)
Operating income ¥57.8 billion (improved ¥6.9 billion year on year)
Net loss ¥12.5 billion (¥23.9 billion worse year on year)
Overview of Business Results for the Fiscal Year
Ended March 2011
Net sales were ¥3,115.4 billion, down ¥467.7 billion year on year. This decrease
mainly reflected the deconsolidation of NEC Electronics Corporation (currently
Renesas Electronics Corporation), which previously conducted the NEC Group’s
semiconductor business, slow recovery in IT investment in Japan, and the impact
of the Great East Japan Earthquake.
On the earnings front, operating income improved to ¥57.8 billion despite
worsening profitability in the IT Services business and Personal Solutions
business. This was mainly the result of the deconsolidation of NEC Electronics
Corporation, which recorded an operating loss in the previous fiscal year. Another
contributing factor was improved profitability in the Platform business.
NEC posted a net loss of ¥12.5 billion, representing a change of ¥23.9 billion
from net income in the previous fiscal year. This was mainly due to the recording
of equity in losses of affiliates and a smaller gain on sales of subsidiaries and
affiliates’ stocks.
04
NEC Corporation
Annual Report 2011