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*****For immediate use April 28, 2004

Full Year Consolidated Financial Results for the Fiscal Year Ended March 31, 2004




Consolidated Financial Results

  Fiscal Year
Ended March
31,2004
Fiscal Year
Ended March
31,2003
% Change
Net sales
Operating income
Income before income taxes
Net income (loss)
In billions of yen
4,906.8
182.6
160.5
41.0
In billions of yen
4,695.0
120.8
61.4
(24.5)
%
+4.5
+51.1
+161.1
-
Net income (loss) per share:
  Basic
  Diluted
yen
 
23.67
21.93
yen
 
(14.85)
(14.85)
 
-
-
Total assets
In billions of yen
4,044.3
In billions of yen
4,103.3
%
-1.4
Number of employees
143,393
145,807
-

***


(Notes)

1. The consolidated financial statements of NEC are prepared in accordance with accounting principles generally accepted in the United States, or U.S. GAAP.
2. Number of consolidated subsidiaries and affiliated companies accounted for by the equity method is as follows:

  Fiscal year ended
March 31,2004
Fiscal year ended
March 31,2003
Consolidated subsidiaries
195
183
Affiliated companies accounted for by the equity method
44
17

Media Contact:

Diane Foley/Makoto Miyakawa
TEL: +81-3-3798-6511

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