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2. Mid-Term Growth Plan
“V2012—Beyond boundaries, Toward our Vision”
In February 2010, NEC unveiled its Mid-Term
Growth Plan “V2012—Beyond boundaries, Toward
our Vision,” which sets forth NEC’s medium-term
management strategy for the next 3 years. The
letter “V” signifies our determination to achieve a
“V”-shaped recovery and “Victory,” by having all
NEC Group employees worldwide practice our
Core “Values” in pursuit of the NEC Group “Vision.”
The phrase “Beyond boundaries, Toward our
Vision” embodies our commitment to achieving
our goals by driving businesses across
organizational boundaries.
The NEC Group sees “V2012” as a crucial
milestone for achieving the NEC Group Vision 2017,
which was formulated in April 2008. Under “V2012,”
our business targets for fiscal 2013 are net income
NEC has three key initiatives for achieving the business targets set forth in the Mid-Term
Growth Plan “V2012”: Focus on the “C&C Cloud Strategy,” expand global business and
create new businesses.
of ¥100 billion and ROE of 10%. These targets
assume projected net sales of ¥4,000 billion and
operating income of ¥200 billion in fiscal 2013.
To reach these business targets, NEC has
established three key initiatives that it will focus on
over the next three years. The first initiative is
focusing on the “C&C Cloud Strategy,” integrating
NEC’s strength in IT and network technologies,
which NEC has developed extensively over the
years. The second initiative is expanding global
business, through establishing a regional global
network centered on five regions. Finally, the third
initiative is creating new businesses as “One NEC”
by taking full advantage of the NEC Group’s assets.
The three key initiatives for driving NEC’s future
business growth are as follows:
“V2012” IS A MILESTONE FOR ACHIEVING THE NEC GROUP VISION 2017
NET INCOME
¥100 billion
ROE
10%
OVERSEAS SALES
25%
“V2012” management targets
10
NEC Corporation
Annual Report 2010