Finacial Highlights

Financial Highlights
NEC CORPORATION AND CONSOLIDATED SUBSIDIARIES
For the years ended March 31, 1996, 1997 and 1998
In thousands of
U.S. dollars
In millions of yen
1996
Net sales..................................................................................... ¥4,397,192
3,169,874
Information/communications systems operations .................
1,227,016
Communications systems and equipment.........................
1,942,858
Computers and industrial electronic systems....................
1,032,983
Electron devices operations...................................................
Others.....................................................................................
194,335
1997
1998
1998
¥4,948,437
3,765,074
1,686,594
2,078,480
963,176
220,187
¥4,901,122
3,694,488
1,717,259
1,977,229
988,784
217,850
$36,850,541
27,778,105
12,911,722
14,866,383
7,434,466
1,637,970
Percent
change
1998/1997
–1%
–2
2
–5
3
–1
Income before income taxes......................................................
151,318
121,222
90,993
684,158
–25
Income taxes..............................................................................
76,376
24,900
48,033
361,150
93
Net income .................................................................................
77,166
91,581
41,302
310,541
–55
Per share of common stock (in yen and U.S. dollars):
Net income
Basic...................................................................................
Diluted ................................................................................
Cash dividends.......................................................................
49.98
45.14
11.00
59.05
51.38
11.00
25.94
24.05
11.00
0.195
0.181
0.083
–56
–53
0
Per American Depositary Share, each representing
5 shares of common stock (in yen and U.S. dollars):
Net income
Basic...................................................................................
Diluted ................................................................................
Cash dividends.......................................................................
250
226
55
295
257
55
130
120
55
0.98
0.90
0.41
–56
–53
0
Total assets ................................................................................
4,683,120
4,799,165
4,973,836
37,397,263
4
Shareholders’ equity ..................................................................
878,852
1,003,371
1,070,757
8,050,805
7
Capital expenditures ..................................................................
401,999
405,772
385,346
2,897,338
–5
R&D expenses............................................................................
298,713
348,537
381,239
2,866,459
9
Employees..................................................................................
152,719
151,966
152,450
0
Note: U.S. dollar amounts are translated from yen, for convenience only, at the rate of ¥133=U.S.$1.
NET INCOME
SHAREHOLDERS’
EQUITY
(Billion ¥)
(Billion ¥)
92
1,003
77
1,071
879
782
791
1994
1995
41
35
7
1994
NET SALES
(Billion ¥)
4,948
4,901
1995
1996
1997
1998
NET INCOME PER SHARE
OF COMMON STOCK
(DILUTED)
4,397
3,580
(¥)
51
45
3,769
24
22
4
1994
1995
1996
1997
1998
1994
1995
1996
1997
1998
1996
1997
1998
1