NEC 2014 Annual Report Download - page 62

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CAUTIONARY STATEMENTS:
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
statements may appear in other documents that NEC files with financial instruments 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 “anticipates,” 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 factors 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, particularly the rate between the yen and the U.S. dollar,
(viii) the impact of unfavorable conditions or developments, including share price declines, in the equity markets which may result in
losses from devaluation of listed securities held by NEC, and (ix) 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.
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 marketable securities for sale.
Marketable securities may not be offered or sold in any jurisdiction in which required registration is absent or an exemption from
registration under the applicable securities laws is not granted.
61 NEC Corporation
Annual Report 2014