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*****For immediate use October 27, 2005

Consolidated Financial Results for the First Half of the Fiscal Year Ending March 31, 2006




I. Consolidated Financial Results

  Six months ended
September 30,
2005
Six months ended
September 30,
2004
Change
Net sales
Operating income
Income before
income taxes
Net income
In billions of yen
2,233.0
13.0
28.5

16.4
In billions of yen
2,303.2
59.3
71.9

25.2
%
-3.0
-78.1
-60.4

-34.8
Net income per share:
  Basic
  Diluted
Yen
 
8.36
7.84
Yen
 
12.77
11.47
Yen
 
-4.41
-3.63

  As of September
30, 2005
As of September
30, 2004
Increase
(Decrease)
Total assets
In billions of yen
3,807.3
In billions of yen
3,906.1
%
-2.5
Number of employees
148,540
145,540
-

***

 

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. For the six months ended September 30, 2004, net income per share was restated to the dilutive effect from the issuance of contingently convertible bonds.
3. Number of consolidated subsidiaries and affiliated companies accounted for by the equity method is as follows:

  As of September30, 2005 As of September30, 2004
Consolidated subsidiaries
249
201
Affiliated companies accounted for by the equity method
68
45


Media Contacts:

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



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