Through streamlined operations, market efficiencies, NEC
Display Solutions, Ltd. aims to become the no.1 display solutions
provider worldwide
NEC Corporation, one of the worlds's leading providers of
internet, broadband network and enterprise business solutions, NEC
Viewtechnology Ltd. and NEC Display Solutions Ltd. today
agreed to merge the projector business of NEC Viewtechnology
and the display monitor business of NEC Display
Solutions, effective as of April 1, 2007. NEC Display
Solutions will be integrated into NEC Viewtechnology, which
will change its name to NEC Display Solutions Ltd. Yoshiaki
Tsuda has been named as the President of the new
company. After integration, the overseas subsidiaries of the
new company, NEC Display Solutions Europe GmbH., in close
collaboration with European sales companies of NEC, and NEC
Display Solutions of America, Inc., will lead the visual
display products (projectors, LCD monitors and
PDP monitors) and solutions businesses in Europe and
North America respectively.
Since its establishment in January, 2000, NEC Viewtechnology has
brought an award-winning, technologically advanced lineup of
projectors to a broad range of customers in the digital cinema and
mobile arenas. In that time, it has also achieved a strong
global presence, with overseas sales of approximately 90%. In
2006, NEC Viewtechnology emerged as the no.2 worldwide leader in
the business projector market (1*). “The merger of these two NEC
visual display businesses is expected to not only increase
operational efficiencies, but also to create a number of added
benefits for our customers, including the provision of new and
more innovative solutions, unmatched worldwide. We are
committed to growing and expanding along with our customers.” said
Takashi Ogawa, President of NEC Viewtechnology.
NEC Display Solutions, established in January, 2000, currently
delivers high-quality large-screen monitors for public
information and public display, award-winning desktop displays, and
dynamic digital signage solutions to its diverse range of business
and consumer customers. Through its own development,
manufacturing and sales functions, NEC Display Solutions has
achieved strong, global supply chain management, which has
propelled it to the no.1 position in the stand-alone corporate
LCD monitor market in the U.S. for CY2005 (*2), and the no.3
position in the stand-alone corporate LCD monitor market in
Europe for FY2005 (*3). Currently, 90% of its sales
originate outside of Japan. “Integrating the strong
technological competence of NEC Viewtechnology and NEC Display
Solutions will enable us to offer an unbeatable lineup of
products and solutions,” said Yoshiaki Tsuda, President of NEC
Display Solutions. “Our merged strengths will undoubtedly empower
more accurate and flexible response to increasingly diverse
and sophisticated customer needs, positioning us as the no.1
trusted company to deliver by far the best visual products and
solutions in the market.”
NEC Viewtechnology and NEC Display Solutions have expanded their
businesses leveraging strong, global supply chain management and
market-leading technologies. The new NEC Display Solutions,
Ltd. will combine the management resources of both companies
to strengthen the development,
manufacturing and sales of NEC’s visual display equipment
business. A stronger, more streamlined structure will ensure faster
response to diversified market needs, allowing NEC Display
Solutions, Ltd. to provide its customers with premium visual
display products and solutions. The strategic move is expected
to accelerate NEC’s global market growth, putting it in an optimal
position to become the no.1 provider of display solutions
worldwide. NEC will continue to promote enhanced
collaboration among its solutions businesses within the NEC
Group, toward the provision of a broad range of optimal, high
quality visual products and solutions to all of its customers
worldwide.
*Notes
(1) According to NEC Viewtechnology, Ltd. analysis based on data
from Pacific Media Associates, Decision Tree Consulting, and
Fuji Chimera Research Institute for the second quarter of FY2006
(July - September, 2006). .
(2) According to NPD Group, Inc.
(3) According to NEC Display Solutions Europe GmbH analysis based
on research data from Meko Ltd., for FY2005 (April, 2005 - March,
2006).
Outline of the new company (As of April 1,
2007)
-------------------------------------------------------------
Company Name: NEC Display Solutions, Ltd.
Capital: 3.0 billion yen (NEC: 99.96%, NEC Fielding Ltd.:
0.04%)
Head office: Shibaura 4-13-23, Minato Ku, Tokyo, Japan
President: Yoshiaki Tsuda
Business area: Development, manufacturing and sales of visual
display products and visual display solutions.
Estimated sales: 180.0 billion yen (forecast for FY ending 31
March, 2008)
Employees: (Estimate as of April, 2007)
Non-consolidated: 580
Consolidated: 1,000
Main offices:
Domestic sales office: Minato Ku, Tokyo, Japan
Domestic development office: Shonan Technical Center, Kanagawa,
Japan
Overseas affiliates:
NEC Display Solutions of America, Inc. (Itasca, IL, USA)
NEC Display Solutions Europe GmbH (Munich, Germany)
Manufacturing subsidiary in China (projectors):
NEC Viewtechnology Trading (Shenzhen), Ltd.
Manufacturing/development offices (monitors):
NPG DISPLAY LTD. (Hong Kong, Dongguang, Taiwan)
Outline of NEC Viewtechnology, Ltd.
-----------------------------------------------
Company Name: NEC Viewtechnology, Ltd.
Capital: 1.0 billion yen
Established: January, 2000
Head office: Shiba 5-37-8, Minato Ku, Tokyo, Japan
President: Takashi Ogawa
Business area: Development, manufacturing and sales of visual
display devices, including projectors
Employees:
Non-consolidated: 380
Consolidated: 430
Outline of NEC Display Solutions, Ltd.
-------------------------------------------------
Company Name: NEC Display Solutions, Ltd.
Established: January, 2000
Capital: 4.5 billion yen
Head office: Shibaura 4-13-23, Minato Ku, Tokyo, Japan
President: Yoshiaki Tsuda
Business area: Development, manufacturing and sales of
monitors
Employees:
Non-consolidated: 200
Consolidated: 520
About NEC Viewtechnology, Ltd.
------------------------------------------
NEC Viewtechnology, Ltd. delivers an
award-winning, technologically advanced lineup of projectors
to a broad range of customers in the digital cinema and mobile
arenas worldwide. For additional information, please visit the
NEC Viewtechnology home page at: http://www.nec-pj.com/
About NEC Display Solutions, Ltd.
---------------------------------------------
Established in 2000, NEC Display Solutions, Ltd. carries out NEC’s
brand display business, development, manufacturing, and
customer services for LCD display monitors, and provides CRT
display monitors and their associated products to
the worldwide market. Highly recognized for its high quality,
durability, reliability, strong support services, and
on-time delivery by its global corporate customers, it
recorded consolidated sales of 117 billion yen in the fiscal
year ended March 31, 2006. For more information, please
visit the NEC Display Solutions home page at:
http://www.nec-display.com/global/index.html
About NEC Corporation
-------------------------------
NEC Corporation (NASDAQ: NIPNY) is one of the world's leading
providers of Internet, broadband network and
enterprise business solutions dedicated to meeting the
specialized needs of its diverse and global base of customers.
NEC delivers tailored solutions in the key fields of computer,
networking and electron devices, by integrating its technical
strengths in IT and Networks, and by providing advanced
semiconductor solutions through
NEC Electronics Corporation. The NEC Group employs more than
150,000 people worldwide and had net sales of
approximately 4,825 billion yen (approx. $41.2 billion) in the
fiscal year ended March 2006. For additional information, please
visit the NEC home page at: http://www.nec.com
* Newsroom: http://www.nec.co.jp/press/en/
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