Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Japan
  4. Japan Exchange
  5. NEC Corporation
  6. News
  7. Summary
    6701   JP3733000008

NEC CORPORATION

(6701)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Cover Story (3,987KB)

11/09/2021 | 10:05pm EST

NEC Integrated Report 2021

01

NEC creates the social values of safety, security, fairness and efficiency to promote a more sustainable world where everyone has the chance to reach their full potential.

NEC Way

Purpose

Our Stance as a Company

NEC creates the social values of safety, security, fairness and efficiency to

promote a more sustainable world where everyone has the chance to reach

their full potential.

Principles

The Founding Spirit of "Better Products, Better Services," Uncompromising

Integrity and Respect for Human Rights, and Relentless Pursuit of Innovation

By putting the NEC Way into practice, we will create social value.

Since its founding, NEC has worked to provide social value by putting forth its own unique approach to each era.

We will pursue innovation and work to realize NEC's Purpose, with the goal of living harmoniously with the earth and creating mutual understanding between people,

no matter the era, no matter the conditions.

The NEC Way is a common set of

values that form the basis for how the

entire NEC Group conducts itself.

Our Stance as Good Businesspeople

Code of Values

Code of Conduct

02

NEC Integrated Report 2021

03

NEC 2030VISION

Life

Global warming, the destruction of the environ-

ment, food and water shortages, energy issues,

­economic disparities-these are some of the many

global issues that stand in the way of realizing our

vision of society. To realize our Purpose in a time of

rapid social change, we have put together NEC

2030VISION as a compass to indicate the business

direction and path for NEC to follow.

Bringing people together and filling

each day with inspiration

Fostering mental and physical well-being and long life

Improvement of lifestyle

Free and open learning opportunities

Nurturing prosperous cities with inclusive

and harmonious societies

Creating sustainable societies

by shaping new industries and workstyles

Society

Environment

Society

Sharing hopes that transcend time, space,

and generational boundaries

Democratization of data use

Social stability through data democratization

Free and equal communication services

Cities without traffic congestion and accidents

Government services from the consumer's perspective

Safe and secure cyberspace

Closing the gap in employment opportunities

Changing Consumer Needs

Consumer needs can be categorized into three layers. At the base is "Environment," which forms the foundation of life for all people and organisms on earth. Above that is "Society," the basis on which cities, work, and communication are supported. The highest layer is "Life," which ­supports and improves the comfort and lifestyles of consumers in their daily lives. These three layers are our starting points for value creation.

Environment

Living harmoniously with the earth

to secure the future

Realization of a decarbonized society

Implementation of global warming countermeasures

Guaranteeing food and water security

04

Editorial Policy

NEC has published annual reports containing both financial and

non-financial information since 2013. Starting in 2018, having defined

its materiality, NEC has changed the name of its annual report to the

"Integrated Report."

Integrated Report 2021 comprises initiatives for achieving the NEC

2030VISION and the Mid-term Management Plan 2025, which are

based on NEC's "Purpose." NEC has also compiled a section on

extremely high-profile human resources, focusing on the appeal of

NEC Initiatives for Contributing to the Achievement of the SDGs

said human resources as well as NEC's culture.

The Message from the President explains the philosophy behind the

In 2005, NEC became a signatory to the United Nations Global Compact, a global initiative aimed at sustainable growth for society

NEC Way and the NEC 2030VISION, and the Mid-term Management

and companies. We are now promoting corporate activities based on the Ten Principles of the UN Global Compact pertaining to

Plan 2025 explains the strategic and cultural aspects. Furthermore,

the four fields of human rights, labor, the environment, and anti-corruption, which align with "uncompromising integrity and

this report focuses on people, who are the driving force behind man-

respect for human rights," one of the Principles of the NEC Way. Moreover, each and every member of the NEC Group, from officers to

agement implementation of NEC's "Purpose," and features roundtable

discussions with young researchers and messages from our employ-

employees, performs their day-to-day activities based on the NEC Group Code of Conduct.

ees who are at the forefront of creating value. The report also sum-

Furthermore, based on the Ten Principles of the UN Global Compact, the SDGs pledge that "no one will be left behind" is aligned

marizes the management that supports the creation of corporate

with the NEC Purpose, to "promote a more sustainable world where everyone has the chance to reach their full potential."

value, focusing on "materiality"-management priority themes from

Information and communications technology (ICT) has the potential for responding to a variety of issues. Therefore, we believe

an ESG perspective.

that we can contribute significantly to all of the targets set out in the SDGs by drawing on our leading-edge technologies in such

NEC will keep endeavoring to provide increasingly transparent and

fields as AI (biometrics, etc.) and 5G, as well as our competence in R&D and implementation as we engage in dialogue and co-

continuous information while incorporating feedback from various

stakeholders.

creation with a range of stakeholders.

NEC Integrated Report 2021

05

Contents

Cover Story

NEC's Past, Present, and Future

  1. Message from the President
  1. NEC's Value Creation Journey
  1. What is NEC

NEC's Business Model

18

Value Creation Process

20

Review of the Mid-term Management

22

Plan 2020

Mid-term Management Plan 2025

30

CFO Message

34

R&D and Business Development

38

Roundtable: Creating Social Value

40

through NEC's R&D

NEC, for Those Who Seek Challenge

43

CHRO Message

46

44

Messages from Employees

Living Harmoniously with the Earth

NEC 2030VISION and Areas of Contribution (Fiscal 2022 and Onward)

We believe that by working to fulfill the NEC 2030VISION, we can contribute to the achievement of the following SDGs in particular. We take hints from the SDGs to point out the issues and challenges facing society and use the SDGs as a guide when setting targets for creating social value-which we aim to do through our business-and also for managing progress.

Reporting Period

April 1, 2020 to March 31, 2021 (hereinafter referred to as "fiscal 2021"; all other fiscal years are referred to similarly). This report also includes information obtained after this reporting period.

Scope of Report

NEC Corporation and its consolidated subsidiaries

50

to Secure the Future

At a Glance

52

Business Overview

Management That Supports ­Corporate Value Creation

No Poverty

Zero Hunger

Health

Education

Gender Equality

Water and

Energy

Employment

Infrastructure

No Inequality

Cities

Consumption

Climate Action

Oceans

Land

Peace and

Partnerships

Sanitation

and Production

Justice

Living harmoniously

with the earth to

secure the future

Nurturing prosper-

ous cities with

inclusive and

harmonious

societies

Creating sustainable

societies by shaping

new industries and

workstyles

Sharing hopes that

transcend time,

space, and

generational

boundaries

Bringing people

together and filling

each day with

inspiration

Reference Guidelines

• ISO 26000

• GRI Standards

• United Nations Global Compact

• International Integrated Reporting Council's "International Integrated Reporting Framework"

• Japan's Ministry of Economy, Trade and Industry's "Guidance for Collaborative Value Creation"

NEC is a signatory to the United

Nations Global Compact.

Other Related Information

• Earnings Releases/Annual Securities Report

• Corporate Governance Report

• Sustainability Report

• Information Security Report

  1. Risks and Opportunities
  1. Respecting Human Rights
  1. Supply Chain Sustainability
  1. Corporate Governance
    69 Messages from Outside Directors
  1. Directors and Audit & Supervisory Board Members
  1. Cross-CompanyCorporate Strategy Promotion Framework

Corporate Data

  1. Financial and Non-Financial Highlights
  1. Corporate Overview

Disclaimer

NEC Corporation published this content on 10 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 November 2021 03:04:09 UTC.


ę Publicnow 2021
All news about NEC CORPORATION
2021NEC Named a Major Player in IDC MarketScape
AQ
2021NEC : Development of Robust Financial and Non-financial Measurement Methodologies for Sust..
PU
2021NEC : Efforts to Achieve Carbon Neutrality and Business Deployment (Shigeki Shimizu, Senio..
PU
2021NEC : contributes to NTT DOCOMO's 5G standalone (SA) services launch with packet core
PU
2021NEC : successfully demonstrates Open RAN leadership in O-RAN Global PlugFest 2021
PU
2021NEC : Q&a(469kb)
PU
2021Nikkei 225 Down 2.1% on China, Omicron Outlooks
MT
2021NEC : establishes new US$150 million CVC fund
PU
2021NEC : Relentless Challenges Toward Innovation (Motoo Nishihara, Executive Vice President, ..
PU
2021NEC : develops secure biometric authentication technology to enable certification with enc..
PU
More news
Analyst Recommendations on NEC CORPORATION
More recommendations
Financials
Sales 2022 3 035 B 26 565 M 26 565 M
Net income 2022 78 430 M 687 M 687 M
Net Debt 2022 107 B 936 M 936 M
P/E ratio 2022 17,5x
Yield 2022 1,97%
Capitalization 1 409 B 12 373 M 12 331 M
EV / Sales 2022 0,50x
EV / Sales 2023 0,44x
Nbr of Employees 114 714
Free-Float -
Chart NEC CORPORATION
Duration : Period :
NEC Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends NEC CORPORATION
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Last Close Price 5 170,00 JPY
Average target price 6 810,71 JPY
Spread / Average Target 31,7%
EPS Revisions
Managers and Directors
Takayuki Morita President, CEO & Representative Director
Nobuhiro Endo Non-Executive Chairman
Motoo Nishihara Director & Chief Technology Officer
Hiroshi Kodama Chief Information Officer
Shinobu Obata Chief Legal & Compliance Officer
Sector and Competitors
1st jan.Capi. (M$)
NEC CORPORATION-2.64%12 373
ACCENTURE PLC-14.76%223 324
TATA CONSULTANCY SERVICES LTD.6.15%198 076
INTERNATIONAL BUSINESS MACHINES CORPORATION0.41%120 360
INFOSYS LIMITED2.20%109 118
AUTOMATIC DATA PROCESSING, INC.-7.23%96 392