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NEC Restates Consolidated Financial Statements for Fiscal Years Ended March 31, 2005 and 2006

*****For immediate use June 23, 2006

NEC Corporation (hereinafter referred to as the "Company") is reissuing and restating its consolidated financial statements as of March 31, 2005 and 2006 for the years ended March 31, 2005 and 2006, which were previously announced on May 11, 2006.

1. Reasons for Restatement

The consolidated financial statements for past fiscal years have been revised and restated based on U.S. generally accepted accounting principles ("U.S. GAAP") as described in the consolidated financial statements for the fiscal year ended March 31, 2006, which were announced on May 11, 2006. In the statements, the Company announced that the restated figures contained in the consolidated financial statements for the fiscal year ended March 31, 2005 were currently being audited by the Company's independent auditors and that the Company would promptly disclose revised consolidated financial statements for the fiscal year ended March 31, 2005 after such audit was complete.

As a result of the completion of the aforementioned audit by the independent auditors, certain figures have been revised as stated in section 2, "Amendments" below.

2. Please refer to the attached PDF file for details of the amendments


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NEC Press Contacts

In Japan
Diane Foley
NEC Corporation
d-foley@ax.jp.nec.com
+81-3-3798-6511

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