NEC 2008 Annual Report Download - page 105

Download and view the complete annual report

Please find page 105 of the 2008 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 106

  • 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
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106


  
 
 
  

  
  
 
 

 
  
  
 
  
 
 

This annual report contains forward-looking statements pertaining to strategies, financial targets, technology, products and services,
and business performance of NEC Corporation and its consolidated subsidiaries (collectively “NEC”). Written forward-looking state-
ments may appear in other documents that NEC files with stock exchanges or regulatory authorities, such as the Director of the Kanto
Finance Bureau, and in reports to shareholders and other communications. NEC is relying on certain safe-harbors for forward-looking
statements in making these disclosures. Some of the forward-looking statements can be identified by the use of forward-looking words
such as “believes,” “expects,” “may,” “will,” “should,” “seeks,” “intends,” “plans,” “estimates,” “targets,” “aims,” or “antici-
pates,” or the negative of those words, or other comparable words or phrases. You can also identify forward-looking statements by
discussions of strategy, beliefs, plans, targets, or intentions. Forward-looking statements necessarily depend on currently available
assumptions, data, or methods that may be incorrect or imprecise and NEC may not be able to realize the results expected by them.
You should not place undue reliance on forward-looking statements, which reflect NEC’s analysis and expectations only. Forward-
looking statements are not guarantees of future performance and involve inherent risks and uncertainties. A number of important fac-
tors could cause actual results to differ materially from those in the forward-looking statements. Among the factors that could cause
actual results to differ materially from such statements include (i) global economic conditions and general economic conditions in NEC’s
markets, (ii) fluctuating demand for, and competitive pricing pressure on, NEC’s products and services, (iii) NEC’s ability to continue to
win acceptance of NEC’s products and services in highly competitive markets, (iv) NEC’s ability to expand into foreign markets, such as
China, (v) regulatory change and uncertainty and potential legal liability relating to NEC’s business and operations, (vi) NEC’s ability to
restructure, or otherwise adjust, its operations to reflect changing market conditions, (vii) movement of currency exchange rates, par-
ticularly the rate between the yen and the U.S. dollar, and (viii) impact of any regulatory action or legal proceeding against NEC. Any
forward-looking statements speak only as of the date on which they are made. New risks and uncertainties come up from time to time,
and it is impossible for NEC to predict these events or how they may affect NEC. NEC does not undertake any obligation to update or
revise any of the forward-looking statements, whether as a result of new information, future events, or otherwise. You may find more
current information on the NEC home page (http://www.nec.com) or NEC Investor Relations home page (http://www.nec.co.jp/ir/en).
The management targets included in this annual report are not projections, and do not represent management’s current estimates of
future performance. Rather, they represent targets that management will strive to achieve through the successful implementation of
NEC’s business strategies.
Finally, NEC cautions you that the statements made in this annual report are not an offer of securities for sale. The securities may not
be offered or sold in any jurisdiction in which registration is required absent registration or an exemption from registration under the
applicable securities laws.