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MESSAGE FROM THE PRESIDENT
In fiscal 2010, the year ended March 31, 2010, the
global economy continued to face difficult conditions
throughout the first half, due to the impact of the
financial crisis in the previous fiscal year. In the second
half, the global economy started to show signs of an
upturn, mainly owing to a global economic recovery
driven by economic growth in emerging countries
centered on China. Another factor was that economic
stimulus measures by various governments around
the world began to take effect.
1. Fiscal 2010 Main Initiatives and Performance
In Japan, industrial production staged a recovery
during the second half as inventory adjustments
quieted down and exports picked up, mainly to
Asia. However, corporate earnings remained
sluggish, companies continued to restrain business
investment, and employment and income
conditions remained weak. Consequently, the
Japanese economy was unable to recover from
the economic downturn in the second half of the
previous fiscal year.
Management Perspective on Business Strategies
Nobuhiro Endo
President, NEC Corporation
To make NEC a stronger enterprise we changed our business structure mainly through
business portfolio realignment, and implemented rigorous profit structure reforms.
1. Fiscal 2010 Main Initiatives and Performance
2. Mid-Term Growth Plan
“V2012—Beyond boundaries, Toward our Vision”
(1) Focus on “C&C Cloud Strategy”
(2) Expand Global Business
(3) Create New Businesses
3. Towards Achieving “V2012”
November 1953 Born in Kanagawa Prefecture, Japan
March 1981 Awarded doctoral degree by the Graduate School of Science
and Engineering, Tokyo Institute of Technology
April 1981 Joined NEC Corporation
April 2003 General Manager, Mobile and Wireless Division
July 2005 Senior General Manager, Mobile Network Operations Unit
April 2006 Associate Senior Vice President,
Executive General Manager, Mobile Network Operations Unit
April 2009 Senior Vice President
June 2009 Senior Vice President and Member of the Board
April 2010 President (Representative Director) (to present)
DRIVING THE “V2012” MID-TERM GROWTH PLAN FORW
07 NEC Corporation
Annual Report 2010