NEC to Revise Business Segments

Jul 21, 2017 19:36 JST

Source: NEC Corporation

TOKYO, Jul 21, 2017 - (JCN Newswire) - NEC Corporation (TSE: 6701) announced earlier this year a shift to a new organization structure effective as of April 1, 2017. In line with these structural changes, NEC's business segments will be revised as of its consolidated financial results for the first quarter of the fiscal year ending March 31, 2018, being announced on July 31, 2017.

NEC to Revise Business Segments

Major revisions

1. Regional sales functions within Japan (Branch divisions and branch offices)

Effective April 1, 2017, NEC established a Public Solutions Business Unit, which handles business involving regional sales functions and regional public entities in Japan, as well as a Public Infrastructure Business Unit, which handles business involving government agencies and companies supporting national and social infrastructures, to reinforce its customer- and market-focused business structure. This enables NEC to expand its new business and further improve the quality and speed of regional proposals in Japan. In accordance with the establishment of these new business units, regional sales functions within Japan previously included under the "Others" segment have been transferred to the "Public" segment. The Public segment is composed of the Public Solutions Business Unit and the Public Infrastructure Business Unit.

2. Business involving financial institutions

Also effective April 1, 2017, NEC transferred business involving financial institutions that previously belonged to the Public Business Unit to the Enterprise Business Unit, which is responsible for the company's manufacturing, retail and service businesses. This move is aimed at enhancing NEC's lineup of financial settlement and other solutions and boosting investment efficiency by reinforcing collaborations with the retail and service industries in the area of FinTech. In accordance with this transfer, business involving financial institutions previously included under the "Public" segment has been transferred to the "Enterprise" segment.

http://www.acnnewswire.com/topimg/Low_NECReviseBusinessSegments.jpg
*In addition to the above reorganization, part of the Business Innovation Unit has been transferred to each segment. In accordance with this, part of the costs previously included under "Adjustment" have been transferred to each segment. Moreover, supervising divisions of some NEC Group companies have also been changed.

Contact:

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

Source: NEC Corporation
Sectors: Cloud & Enterprise

Latest Release

First-ever Mazda CX-80 Crossover SUV Unveiled in Europe
Apr 19, 2024 13:50 JST

Fujitsu develops technology to convert corporate digital identity credentials, enabling participation of non-European companies in European data spaces
Apr 19, 2024 10:17 JST

Mitsubishi Heavy Industries and NGK to Jointly Develop Hydrogen Purification System from Ammonia Cracking Gas
Apr 18, 2024 17:01 JST

Toyota Launches All-New Land Cruiser "250" Series in Japan
Apr 18, 2024 13:39 JST

Fujitsu and Oracle collaborate to deliver sovereign cloud and AI capabilities in Japan
Apr 18, 2024 11:14 JST

Eisai: Research on Treatments for Alzheimer's Disease Based on Its Pathological Mechanisms Recieves Award for Science and Technology (Research Category)
Apr 18, 2024 10:53 JST

All-New Triton Confirmed as First Double-Cab Pickup Truck to Achieve 2024 Five-Star ANCAP Safety Rating
Apr 18, 2024 09:22 JST

Eisai's Antiepileptic Drug Fycompa Injection Formulation Launched In Japan
Apr 17, 2024 16:17 JST

Honda Unveils Next-generation EV Series for China
Apr 17, 2024 12:15 JST

Lexus presents Time at the 2024 Milan Design Week
Apr 16, 2024 18:49 JST

Mitsubishi Corporation Announces Participation in a DAC Project in Louisiana, USA
Apr 16, 2024 14:36 JST

New circuit challenge for TOYOTA GAZOO Racing
Apr 15, 2024 17:21 JST

TOYOTA GAZOO Racing back on asphalt for Croatian challenge
Apr 12, 2024 19:36 JST

Heidelberg Materials North America Announces Latest Milestone in Edmonton CCUS Project
Apr 12, 2024 14:39 JST

MHIAEL Completes Expansion of the its Nagasaki Plant for Manufacture of Aero Engine Combustors
Apr 11, 2024 18:08 JST

Mitsubishi Shipbuilding Acquires Approval in Principle (AiP) from Classification Society ClassNK for Ammonia Fuel Supply System (AFSS)
Apr 11, 2024 17:50 JST

DOCOMO, NTT, NEC and Fujitsu Develop Top-level Sub-terahertz 6G Device Capable of Ultra-high-speed 100 Gbps Transmission
Apr 11, 2024 15:10 JST

Mitsubishi Corporation Announces Completion of Capital Raise by Nexamp
Apr 11, 2024 13:07 JST

Mitsubishi Shipbuilding Receives Order for Ammonia Fuel Supply System for Ammonia-Powered Marine Engine
Apr 10, 2024 16:55 JST

Transgene and NEC Present First Clinical Benefits of Neoantigen Cancer Vaccine, TG4050, in Head & Neck Cancer at AACR 2024
Apr 10, 2024 13:36 JST

More Latest Release >>

Latest Release

Related Release