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An industry veteran, NEC was founded in Japan in 1899. Originally known as Nippon Electric Company, the company's early business dealt with the production, sales and maintenance of telephones and switches. Its global expansion took place in the 1950s, with the setting up of Nippon Electric New York (now NEC America). It was also during this period that NEC ventured into computing systems.
Today, NEC's growth is driven largely by two business units: IT/Network Solutions and Semiconductor Solutions.
The IT Solutions division, formed through the restructuring of NEC's software and services businesses, provides IT services to enterprises. This division is noted for producing the world's fastest supercomputer--at the time it was tested--in October 2004. Today, the division is also focused on RFID (radio frequency identification), one of the industry's hottest technologies.
The Network Solutions business designs and provides mobile and broadband network systems, and plans to ride on the wave of convergence with its mobile handsets division. It plans to develop optical and IP networks.
The Semiconductor Solutions business produces semiconductors used in mobile handsets, DVD recorders and digital TVs.
This company is listed in
Systems, Storage Management, Networking & Communications, Security, Services.
Financials
| Fiscal year-end Mar |
FY05 |
FY04 |
FY03 |
FY02 |
FY01 |
Global full-year
revenue (US$millions) |
— |
45,000.0 |
47,000.0 |
40,000.0 |
39,000.0 |
Global full-year net
income (US$millions) |
— |
600.0 |
400.0 |
-200.0 |
-2,300.0 |
| Average year-on-year revenue growth over 4 years |
5.3 % |
| Average year-on-year net income growth over 4 years |
147.1 % |
| Percentage of revenue from Asia |
— |
| Percentage of Asian revenues from channel |
— |
Operations:
| Founded |
Japan/1899 |
| First Asian office |
Taiwan/1958 |
| Global employees |
147,753 |
| Employees in Asia |
— |
Asian countries:
Total 8 |
China, Hong Kong, Indonesia, Malaysia, Philippines, Singapore, Taiwan, Thailand |
| Notes |
Data correct as at September 2005. Information was compiled by ZDNet Asia from sources such as official reports, corporate Web sites, and Hoover's. ZDNet Asia strived to get the latest information but does not guarantee the correctness or completeness of the data. The information provided on this site is for general informational purposes only and is not an offer to buy or sell any securities. |
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ZDNet Asia Top Tech categories
Systems | Networking and communications | Storage management | Security | Software Infrastructure | Services | Business applications | Internet services
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