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*****For immediate use October 28, 2004

Consolidated Financial Results for the First Half of the Fiscal Year Ending March 31, 2005




I. Consolidated Financial Results

  Six months ended
September 30,
2004
Six months ended
September 30,
2003
% change
Net sales
Operating income
Income before income taxes
Net income
In billions of yen
2,303.1
59.3
71.8
25.1
In billions of yen
2,283.0
58.0
77.7
15.4
%
+0.9
+2.3
-7.6
+62.6
Net income per share:
  Basic
  Diluted
Yen
 
12.77
11.85
Yen
 
9.38
8.70
Yen
 
3.39
3.15

  As of September
30, 2004
As of September
30, 2003
Increase
(Decrease)
Total assets:
In billions of yen
3,906.0
In billions of yen
4,140.5
%
(5.7)
Number of Employees:
145,540
147,004
-

***


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:

  As of September30, 2004 As of September30, 2003
Consolidated subsidiaries
201
196
Affiliated companies accounted for by the equity method
45
17


Media Contacts:

Diane Foley/Makoto Miyakawa
TEL: 03-3798-6511

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