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    6701   JP3733000008

NEC CORPORATION

(6701)
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Delayed Japan Exchange  -  05/20 02:00:00 am EDT
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NEC : Development of Robust Financial and Non-financial Measurement Methodologies for Sustainable Growth (Osamu Fujikawa, Executive Vice President and CFO)(2,126KB)

12/27/2021 | 01:47am EDT

Briefing on ESG

Development of Robust Financial and Non-financial Measurement Methodologies for Sustainable Growth

NEC

Executive Vice President and CFO

Osamu Fujikawa

1

© NEC Corporation 2021

NEC Group Internal Use Only

Purpose

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.

Strategy

EBITDA Growth rate: 9% Annual average

NEC's growth model

"Maximizing long-term profit" and "optimizing short-term profit"

Non-financial measurement

methodologies for sustainable growth

2

© NEC Corporation 2021

NEC Group Internal Use Only

Culture

50% Engagement score

Transformation of People and Culture

Establishment of Business Infrastructure

Creation of a Shared Vision for

a Brighter Future with Customers

Continuously incorporate ESG indexes as indicators of risk

minimization and value maximization initiatives

E

S

G

Key themes (Materiality)

Climate change (Decarbonization)

Security

AI & human rights Diverse Human resources

Corporate governance Supply chain sustainability Compliance

Main initiatives

  1. Acceleration of environmental management toward achievement of the SBT*2 1.5 degrees by 2030
  2. Contribution to CO2 reduction through customer DX
  1. Development of human resources in advanced security to handle social infrastructure
  2. AI provision and utilization prioritizing respect for human rights
  1. Further improvement of transparency of corporate governance
  2. Strengthening of collaboration with suppliers from a human rights/environmental perspective
  3. Eradication of serious compliance incidents

FY2025*1 KPIs

1. 33.6% reduction*3 (Compared to FY2017)

  1. Doubling of internationally certified personnel
  2. Incorporated initiatives based on the AI and Human Rights Principles
  1. Suppliers agreeing to
    the procurement guideline: 75%*4
  2. No. of serious incidents: 0

*1 Fiscal year ending March 2026 *2 Science-based targets

*3 Scopes 1 and 2

*4 Ratio based on the procurement amount

3

© NEC Corporation 2021

NEC Group Internal Use Only

Further reinforce initiatives in non-financial capitals

that contribute to financial performance

Dow Jones Sustainability Indices

FTSE4Good Index Series

MSCI ESG Leaders Indexes

(World, Asia Pacific)

  • As of December 2021

4 © NEC Corporation 2021

Develop resilient financial measurement methodologies

from a mid- and long-term perspective

Financial indicators

Result of corporate activities

IMPACT

Analysis

Initiatives in

non-financial capitals

Improvement / enhancement

Manufacturing Intellectual

Human Natural Social & relationships

5

© NEC Corporation 2021

NEC Group Internal Use Only

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

NEC Corporation published this content on 27 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 December 2021 06:46:01 UTC.


© Publicnow 2021
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Sales 2022 3 017 B 23 596 M 23 596 M
Net income 2022 76 876 M 601 M 601 M
Net Debt 2022 119 B 929 M 929 M
P/E ratio 2022 17,7x
Yield 2022 1,98%
Capitalization 1 403 B 10 974 M 10 974 M
EV / Sales 2022 0,50x
EV / Sales 2023 0,45x
Nbr of Employees 114 714
Free-Float 92,3%
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Number of Analysts 14
Last Close Price 5 150,00 JPY
Average target price 6 617,86 JPY
Spread / Average Target 28,5%
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Takayuki Morita President, CEO & Representative Director
Osamu Fujikawa CFO & Managing Executive Officer
Nobuhiro Endo Deputy General Manager-Mobile Network Business
Motoo Nishihara Manager-Cloud System Research Laboratories
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