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Consolidated Financial Results for the First Quarter of the
Fiscal Year Ending March 31, 2008

*****For immediate use July 31, 2007

I. Consolidated Financial Results

  Three Months
Ended June 30,
2007
Three Months
Ended June 30,
2006
Change
Sales
Operating income
Ordinary income
Net income
In billions of yen
1,007.8
11.3
8.2
1.0
In billions of yen
1,031.5
7.9
2.7
0.3
%
-2.3
+42.5
+203.4
+272.8
Net income per share:
  Basic
  Diluted
Yen
 
0.41
0.40
Yen
 
0.12
0.12
Yen
 
0.29
0.28

  As of June 30,
2007
As of March 31,
2007
Change
Total assets
Net assets
In billions of yen
3,583.4
1,249.6
In billions of yen
3,731.7
1,240.1
%
-4.0
+0.8

Notes

  1. NEC changed the accounting principles for preparing its consolidated financial statements from accounting principles generally accepted in the U.S. ("U.S. GAAP") to accounting principles generally accepted in Japan ("Japan GAAP") from the first half of the fiscal year ended March 31, 2007. Results for the first quarter of the fiscal year ended March 31, 2007 (April – June, 2006) have been presented under Japan GAAP for comparison purposes.
  2. Number of consolidated subsidiaries and affiliated companies accounted for by the equity method is as follows:
      As of June 30,
    2007
    As of June 30,
    2006
    As of March 31,
    2007
    Consolidated subsidiaries 338 372 342
    Affiliated companies accounted for by the equity method 68 69 68

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TEL: +81-3-3798-6511


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