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    6701   JP3733000008

NEC CORPORATION

(6701)
  Report
Delayed Japan Exchange  -  11:59 2022-12-08 pm EST
4720.00 JPY   +0.75%
12/08NEC Wins Industry Awards Highlighting Open RAN Leadership
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12/01Nec : and SINAI Technologies Collaborate to Create Pathways to Decarbonization
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11/30NEC Orchestrating Future Fund, an Ecosystem-type CVC Fund, Completes Final Close for US$140 Million
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Japan's NEC considers buying Civica for $1.2 billion - Sky News

07/13/2017 | 11:32pm EST
Logo of NEC Corp is pictured at CEATEC JAPAN 2016 in Chiba

(Reuters) - Japanese information technology company NEC Corp is looking at buying British software firm Civica for 900 million pounds and has hired advisors to work on an offer, Sky News reported.

An auction for Civica, one of the UK's biggest public sector software providers, began several weeks ago and has drawn initial offers from three private equity firms - London-based BC Partners, Berkshire Partners and the Swiss-based Partners Group, Sky News said, citing an industry source.

A spokesman for NEC said the company is "always considering a wide range of business possibilities, but that nothing has been decided at this time."

Representatives for Civica were not immediately available for comment outside regular business hours.

OMERS Private Equity acquired Civica from 3i in 2013 for 390 million pounds, according to Thomson Reuters LPC data.

Civica provides outsourcing services to government organisations and local authorities around the world, from running most of the UK police force's automatic number plate recognition system to Singapore's public library management system.

NEC provides a broad range of systems and software services for both the public and private sector. Recent contracts include the provision of its facial recognition system to the UK's South Wales Police force and one to integrate internal systems for the city of Lisbon.

The Japanese firm sold most of its stake in its PC joint venture with Lenovo Group last year, a part of a broader trend of Japanese companies shedding struggling hardware businesses.

NEC shares were flat in morning trade in Tokyo, compared with a 0.1 percent rise in the benchmark Nikkei share price index.

(Reporting by Mekhla Raina in Bengaluru and Sam Nussey in Tokyo; Editing by Edmund Blair and Edwina Gibbs)

Stocks treated in this article : Partners Group Holding AG, NEC Corp

ę Reuters 2017
Stocks mentioned in the article
ChangeLast1st jan.
NEC CORPORATION 0.64% 4720 Delayed Quote.-11.21%
NIKKEI 225 -0.40% 27574.43 Real-time Quote.-3.84%
PARTNERS GROUP HOLDING AG -1.33% 860.8 Delayed Quote.-42.32%
SWISS RE LTD 1.79% 86.44 Delayed Quote.-5.92%
All news about NEC CORPORATION
12/08NEC Wins Industry Awards Highlighting Open RAN Leadership
AQ
12/01Nec : and SINAI Technologies Collaborate to Create Pathways to Decarbonization
PU
11/30NEC Orchestrating Future Fund, an Ecosystem-type CVC Fund, Completes Final Close for US..
AQ
11/27NEC to create a global innovation base near Tokyo
AQ
11/15NEC Corporation entered into business transfer agreement to acquire LINE operation sup..
CI
11/11Japan Index Rallies on Hopes of Slower Monetary Tightening in US; Tokyo Electron Zooms ..
MT
11/11Nec : Notice Regarding the Status of a Repurchase of Shares of Common Stock
PU
11/10Japan to invest $500 mln to manufacture advanced chips
RE
11/10Japan to invest up to $500 million in new advanced chip development company
RE
11/09NEC Awarded Telecom Infra Project "Requirements Compliant Bronze Badge" for Disaggregat..
AQ
More news
Analyst Recommendations on NEC CORPORATION
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Financials
Sales 2023 3 148 B 23 047 M 23 047 M
Net income 2023 92 439 M 677 M 677 M
Net Debt 2023 153 B 1 117 M 1 117 M
P/E ratio 2023 13,4x
Yield 2023 2,35%
Capitalization 1 268 B 9 287 M 9 287 M
EV / Sales 2023 0,45x
EV / Sales 2024 0,39x
Nbr of Employees 117 418
Free-Float 92,8%
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Technical analysis trends NEC CORPORATION
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TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 13
Last Close Price 4 685,00 JPY
Average target price 6 470,00 JPY
Spread / Average Target 38,1%
EPS Revisions
Managers and Directors
Takayuki Morita President, CEO & Representative Director
Osamu Fujikawa CFO & Managing Executive Officer
Motoo Nishihara Manager-Cloud System Research Laboratories
Hiroshi Kodama Chief Information Officer
Masatoshi Ito Independent Outside Director
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