Expects FY sales of JPY3.66 trillion
NEC has reported net sales of JPY875.2 billion for the second quarter of 2009, compared to JPY1,126.6 billion for the same period last year. The company posted an operating income of JPY2.34 billion, compared to JPY9.28 billion for the same period a year ago.
For the quarter ended September 30, 2009, the company posted a net loss of JPY9.75 billion compared to net income of JPY1.28 billion in the same quarter of 2008.
For the first half of fiscal year 2010, the company posted net sales of JPY1,653.7 billion, compared to JPY2,127.8 billion for same period last year. Operating loss was JPY37.7 billion, compared to operating income of JPY13.4 billion in the same period last year. Net loss was JPY43.6 billion compared to net income of JPY1.8 billion.
For the fiscal year ending March 31, 2010, the company forecasts sales of JPY3.66 trillion, JPY70 billion less than the previous forecast due to a sales decline in nearly all business segments, mainly in the Personal Solutions business, the Network Systems business and the Electron Devices business as the severe business environment continues.
NEC expects operating income to be JPY60.0 billion, a decrease of JPY40.0 billion from the previous forecast. It expects net income to remain same as its previous forecast at JPY10.0 billion.