NEC to Revise Operating Segments

Jul 20, 2018 17:31 JST

Source: NEC Corporation

TOKYO, Jul 20, 2018 - (JCN Newswire) - NEC Corporation (TSE: 6701) announced earlier this year a shift to a new organization structure effective as of April 1, 2018. In line with these structural changes, NEC's operating segments will be revised as of its consolidated financial results for the first quarter of the fiscal year ending March 31, 2019, being announced on July 31, 2018.

Major Revisions

1. Establishment of "Global" segment

To accelerate the growth of global business, NEC incorporated business divisions that are primarily tasked with expanding in global markets into the Global Business Unit effective April 1, 2018. This makes it possible to centralize business responsibilities and management authority, resulting in improved speed, concentrated investment in core businesses, and reduced costs. In line with this move, the Global Business Unit, which was previously included under the "Others", has been transferred to a newly established "Global" segment. The business divisions incorporated into the "Global" segment include those responsible for the software and service business for service providers throughout the world, the wireless solutions business, and the submarine systems business, which were previously included under the "Telecom Carrier" segment; the global unified communications business and the display solutions business, which were previously included under the "System Platform" segment; and the energy business, which was previously included under the "Others".

2. Renaming of "Telecom Carrier" segment

Additionally, in response to the continuing diversification of network needs as the IoT and 5G era approaches, NEC renamed its Telecom Carrier Business Unit to Network Services Business Unit effective April 1, 2018. This move was made in an effort to leverage the network strengths and capabilities cultivated in the telecom carrier market across to other industry sectors, including service providers, manufacturers, distribution and service industries, and governments. In line with this, the "Telecom Carrier" segment has been renamed "Network Services" segment.

Please refer to the below for more details:
https://www.nec.com/en/press/201807/images/2001-01-01.pdf

Contact:

NEC
Seiichiro Toda        
s-toda@cj.jp.nec.com
+81-3-3798-6511

Source: NEC Corporation
Sectors: Cloud & Enterprise

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