NEC 2013 Annual Report Download - page 7

As the first year of “Mid-term Management Plan
2015,” fiscal 2014 is a crucial year for the NEC
Group. The outlook for the Japanese economy calls
for gradual yet steady growth as economic
sentiment recovers. On the other hand, there are
some lingering uncertainties such as weak growth
in external demand associated with stagnant
European economies. Looking at the business
environment surrounding NEC, although domestic
IT investment is on a recovery path, capital
expenditures by telecom carriers are projected to
decline mainly in existing fields. Instead, the markets
for Telecom Operations & Management Solutions
(TOMS) and Software-Defined Networking (SDN)
are expected to expand in the near term.
Furthermore, in the social infrastructure field,
Japan’s economic and fiscal policies have
progressed steadily following the change in
government, and we have been seeing a string of
vigorous developments on projects in the smart
energy field.
In these circumstances, NEC will focus on the
“Solutions for Society,” with the view to achieving
the management goals set forth in “Mid-term
Management Plan 2015.” Our goal is to create a
foundation for growth that will enable us to compete
globally. And through the execution of the
“Solutions for Society,” NEC will support innovation
in social infrastructure around the world, while
helping to solve issues faced by society. In the
process, we will drive NEC’s transformation into a
social value innovator.
From a sustainable development perspective,
NEC฀became฀a฀signatory฀to฀the฀United฀Nations฀
Global฀Compact฀(UNGC)฀in฀2005.฀Accordingly,฀NEC฀
will continue to strive to conduct corporate business
activities in compliance with the 10 principles in the
areas of human rights, labor, the environment, and
anti-corruption฀based฀on฀the฀UNGC฀framework.฀At฀
the same time, NEC will promote diversity as an
integral part of its management strategy, in order to
put an environment in place where various people
can succeed globally. NEC’s vision is “To be a
leading global company leveraging the power of
innovation to realize an information society friendly
to humans and the earth.” To realize this vision,
NEC will continue to create new forms of value by
listening sincerely to the requests and expectations
of all stakeholders, while staying attuned to
changes in society’s values and signs of emerging
issues. In doing so, we seek to make the NEC
Group an enterprise that is respected by all
stakeholders.
We look forward to your continued understanding
and support as we endeavor to reach our goals.
June 2013
Nobuhiro Endo
President, NEC Corporation
Toward Achieving “Mid-term Management Plan 2015” and
Sustainable Development
devices, while tapping into technologies and
expertise outside the Group as well.
In order to accelerate our focus on the “Solutions
for Society” and steadily execute “Mid-term
Management Plan 2015,” NEC implemented a major
reorganization฀in฀April฀2013.฀Up฀to฀fiscal฀2013,฀
NEC’s organization was driven by the technologies
and expertise, products, services and other assets
held by the Company. However, we have
reorganized the Company into a structure driven by
markets and customers. We have adopted a
structure that will allow us to focus on the
fundamental issues faced by customers, and
provide solutions that create new value grounded in
the strengths of our core ICT assets. NEC will
continue to press on with the selection and
concentration of its operations based on the
“Solutions for Society,” with the aim of improving
corporate value.
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NEC Corporation
Annual Report 2013
I
Business Report/Management Policies