Electronic device revenue fell 27% to $1.7 billion
NEC, Japan’s largest personal computer maker, has reported a net loss of JPY 131 billion ($1.46 billion) for the third quarter 2009, compared to a loss of JPY 5.2 billion ($58m) last year, on revenue down 10% at JPY 948 billion ($10.5 billion).
It made an operating loss of JPY 25 billion ($278m) compared to an operating profit of JPY 16 billion ($178m) last year. Basic loss per share was JPY 64.62 ($0.72) compared to a net loss per share of JPY 2.62 ($0.03) last year.
The company said revenue from IT network solutions decreased 3.6% to JPY 591 billion ($6.57 billion), while mobile/personal solutions revenue declined 3% to JPY 199 billion ($2.2 billion). Electronic device revenue fell 27% to JPY 156 billion ($1.7 billion), while other revenue decreased to JPY 1.7 billion ($19m).
For the first nine months, the company reported a net loss of JPY 129 billion ($1.43 billion), revenue up 4% at JPY 3.08 trillion ($34.2 billion), and operating loss of JPY 11.4 billion ($127m) compared to an operating profit of JPY 43.4 billion ($482m) last year.
The company has announced plans to lay off 9,500 staff and retire a further 450 staff in Japan and cut 9,000 jobs overseas. It also plans to close some plants and businesses.