***** For immediate use May 11, 2006
|
|
Fiscal Year
Ended March
31, 200
6
|
Fiscal Year
Ended March
31, 200
5
[Restated]
|
Change
|
| |
In billions of yen
|
In billions of yen
|
%
|
|
Net sales
|
4,824.9
|
4,801.7
|
+0.5
|
|
Operating income
|
95.4
|
141.9
|
-32.7
|
|
Income from continuing operations before income taxes
|
83.3
|
145.1
|
-42.6
|
|
Net income
|
12.1
|
77.2
|
-84.3
|
|
|
yen
|
yen
|
yen
|
| |
|
|
|
|
Basic
|
6.05
|
39.62
|
-33.57
|
|
Diluted
|
5.78
|
36.37
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-30.59
|
| |
In billions of yen
|
In billions of yen
|
%
|
|
Total assets
|
3,895.8
|
3,982.5
|
-2.2
|
|
Number of employees
|
154,180
|
154,001
|
-
|
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."Operating income" set forth above is a measure commonly used
by other Japanese companies that report their financial results in
accordance with generally accepted accounting financial reporting
practices in Japan. “Operating income” is calculated by deducting
cost of sales and selling, general and administrative expenses from
net sales. Management believes this measure is useful to investors
in comparing NEC’s results of operations to those of other Japanese
companies. This measure, however, should not be construed as an
alternative to "income before income taxes" or "net income" as
determined in accordance with U.S. GAAP. Please refer to the
condensed consolidated statement of operations for the calculation
of operating income.
3.The number of consolidated subsidiaries and affiliated
companies accounted for by the equity method is as follows:
|
|
As of March
31, 200 6
|
As of
March 31, 200 5
[Restated]
|
| Consolidated subsidiaries |
356
|
317
|
| Affiliated companies accounted for by the equity method |
68
|
69
|
4.In accordance with U.S. GAAP, a part of the consolidated
financial information for the fiscal year ended March 31, 2005
related to certain operations that were discontinued during the
fiscal year ended March 31, 2006 has been reclassified.
5.NEC adopted the Financial Accounting Standards Board ("FASB")
Interpretation No.47 ("FIN47"), "Accounting for Conditional Asset
Retirement Obligations, an interpretation of FASB Statement No.
143", at March 31, 2006.
6.The consolidated financial results for the fiscal year ended
March 31, 2005 were revised from those already announced , and
restated based on U.S. GAAP . However, as restated figures are
currently being audited by NEC’s independent auditors, NEC will
promptly disclose revised consolidated financial results for the
fiscal year ended March 31, 2005 after the aforementioned audit is
complete.
Media Contact
Diane Foley/Makoto Miyakawa
TEL: +81-3-3798-6511
Full Year Consolidated Financial Results for the Fiscal Year
Ended March 31, 2006 (298 KB)