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PERFORMANCE HIGHLIGHTS
NEC Corporation and Consolidated Subsidiaries
For the years ended March 31, 2009, 2010, 2011, 2012 and 2013
Financial indicators
Millions of yen ฀
2009 2010 2011 2012
For the year:
Net sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥4,215,603 ¥3,583,148 ¥3,115,424 ¥3,036,836
Overseas sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 934,469 712,886 479,349 481,492
Percentage of overseas sales to consolidated net sales (%) . . 22.2 19.9 15.4 15.9
Operating income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . (6,201) 50,905 57,820 73,742
Ordinary income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . (93,171) 49,429 41 42,050
Net income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (296,646) 11,428 (12,518) (110,267)
Cash flows from operating activities . . . . . . . . . . . . . . . . . . 27,359 134,816 33,660 83,857
Cash flows from investing activities . . . . . . . . . . . . . . . . . . (173,167) (41,241) (146,244) (49,706)
Free cash flows . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (145,808) 93,575 (112,584) 34,151
R&D expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 346,529 275,970 176,514 161,968
Capital expenditures (property, plant and equipment) . . . . . 103,142 83,098 52,850 41,980
Depreciation (property, plant and equipment) . . . . . . . . . . . 133,624 111,167 62,097 53,306
Per฀share฀data฀(in฀yen฀and฀U.S.฀dollars):
Net income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (146.64) 5.04 (4.82) (42.44)
Diluted net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . – 4.91 – –
Cash dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00 4.00 0.00 0.00
At year-end:
Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,075,378 2,937,644 2,628,931 2,557,570
Owner’s equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 641,654 790,904 757,054 656,956
Return on equity (%) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . – 1.6 – –
Owner’s equity ratio (%) . . . . . . . . . . . . . . . . . . . . . . . . . . . 20.9 26.9 28.8 25.7
Interest-bearing debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 925,163 729,548 675,798 692,734
Debt-equity ratio (times) . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.44 0.92 0.89 1.05
Number of consolidated subsidiaries . . . . . . . . . . . . . . . . . 328 310 283 265
Non-financial indicators 2009 2010 2011 2012
Number of employees . . . . . . . . . . . . . . . . . . . . . . . . . . . . 143,327 142,358 115,840 109,102
Ratio of outside directors to all directors (%) . . . . . . . . . . . . 33.3 33.3 33.3 38.5
Response rate of employees’ survey (%) . . . . . . . . . . . . . . 76 79 82 82
CO2 emissions reduction by providing IT solutions
(thousand tons) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,890 1,900 2,120 2,310
Improvement in energy efficiency of products (%) . . . . . . . . 45 44 53 66
Greenhouse gas emissions (thousand tons) . . . . . . . . . . . . 1,694 1,148 527 492
Greenhouse gas emissions by GHG Protocol scopes
(thousand tons) Scope 1 . . . . . . . . . . . . . . . . . . . . . . . . . . – – – –
Scope 2 . . . . . . . . . . . . . . . . . . . . . . . . . . – – – –
Scope 3 . . . . . . . . . . . . . . . . . . . . . . . . . . – – – –
Notes:฀1.฀U.S.฀dollar฀amounts฀are฀translated฀from฀yen,฀for฀convenience฀only,฀at฀the฀rate฀of฀¥94฀=฀U.S.$1.
2. Net income (loss) per share is calculated based on the weighted-average number of shares outstanding during each period.
3. Owner’s equity is the sum of total shareholders’ equity and total accumulated other comprehensive income.
4. The debt-equity ratio is calculated by dividing interest-bearing debt by owner’s equity.
5. The ratio of outside directors to all directors applies to NEC Corporation.
6. The response rate of employees’ survey applies to NEC Corporation and its domestic consolidated subsidiaries.
7. Improvement in energy efficiency of products is based on a comparison with the year ended March 31, 2006.
฀ 8.฀฀Until฀the฀year฀ended฀March฀31,฀2012,฀greenhouse฀gas฀emissions฀represented฀the฀sum฀of฀greenhouse฀gas฀emissions฀under฀GHG฀Protocol฀Scopes฀1฀and฀2.฀
In the year ended March 31, 2013, greenhouse gas emissions for GHG Protocol Scopes 1, 2 and 3 are shown separately (See note on page 59).
15 NEC Corporation
Annual Report 2013