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    6701   JP3733000008

NEC CORPORATION

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Delayed Japan Exchange  -  02:00 2022-06-27 am EDT
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NEC : Northern Territory of Australia and NEC Sign MoU to Grow the Territory's Digital Capabilities

04/12/2022 | 10:55pm EDT

12 April 2022

Northern Territory of Australia (Northern Territory), NEC Australia and NEC Corporation today announced the signing of a Memorandum of Understanding (MoU).

The signing will strengthen the NEC and Northern Territory Government partnership to develop a sustainable innovation ecosystem and grow the Territory's digital capabilities. It follows significant private sector investment in subsea fibre optic cable and data centre infrastructure.

As part of the MoU, the parties will set out a framework and identify major areas for digital development in the Territory.

This agreement will also allow NEC to explore the use of its world-leading technologies, such as submarine cable systems, Open-RAN 5G, and artificial intelligence in the Territory, as well as building industry training opportunities for Territorians.

The partnership cements the Territory's position as Northern Australia's most advanced digital economy and leading tech hub, which will help expand local industry, create new opportunities for businesses and more jobs for Territorians.

As one of the largest employers outside of Government in the Territory, NEC Australia consistently contributes to the local economy while also creating new digital career pathways through various developments and mentoring. The company currently employs 187 full-time staff across the Territory.

Growing the digital and tech industries is a key part of Territory Government's plan to grow the economy to AU$40 billion by 2030 and create more jobs.

Disclaimer

NEC Corporation published this content on 12 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 April 2022 02:54:05 UTC.


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Financials
Sales 2022 3 017 B 22 331 M 22 331 M
Net income 2022 76 876 M 569 M 569 M
Net Debt 2022 119 B 879 M 879 M
P/E ratio 2022 18,0x
Yield 2022 1,95%
Capitalization 1 425 B 10 547 M 10 547 M
EV / Sales 2022 0,51x
EV / Sales 2023 0,50x
Nbr of Employees 117 418
Free-Float 92,3%
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Number of Analysts 13
Last Close Price 5 230,00 JPY
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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
Hiroshi Kodama Chief Information Officer
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