NEC revised earnings guidance for the fiscal year ending March 2018. For the year, the proceeds from share sale is expected to bring in more than JPY 5 billion ($45.2 million) for the company and lift net profit by about JPY 3 billion after taxes. NEC has forecast a 10% rise in group net profit to JPY 30 billion, but its guidance does not take into account the Renesas divestment, which could add about 10% to its bottom line. The proceeds from share sale will boost free cash flow, which is forecast at JPY 80 billion but now looks likely to exceed JPY 90 billion.