NEC - Company Report

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Company Reports are concise reports that provide a review of the company's activities, corporate strategy and recent developments.
Published: January 2007
Pages: 42

NEC and its consolidated subsidiaries provide systems, components, services, and integrated solutions for computing and communication applications. NEC’s business is divided into three principal segments – the IT/Network Solutions Business, the Mobile/Personal Solutions Business, and the Electron Device Business:

IT/Network Solutions Business – provides systems construction, consulting, outsourcing, support (maintenance) services, storage products, professional workstations, business PCs, computer software, enterprise network systems, network systems for telecommunications carriers, broadcast video systems, control systems, and aerospace/defence systems.

Mobile/Personal Solutions Business - includes mobile handsets, personal computers, personal communication devices, and BIGLOBE, one of Japan's largest Internet portals.

Electron Devices Business - includes system LSI and other semiconductors and electronic components of LCD modules etc.

The company's principal manufacturing facilities are located in Japan, the US, Europe, and Asia, and its products are marketed by the company throughout the world.

As of March 31,2006, the major shareholders of NEC were: Japan Trustee Services Bank Ltd (Trust Account) (5.33%); The Master Trust Bank of Japan Ltd (Trust Account) (4.79%); The State Street Bank and Trust Company (2.32%); Sumitomo Life Insurance Company (2.00%); Japan Trustee Services Bank Ltd (Trust Account 4) (1.77%); The Chase Manhattan Bank NA London (1.57%); NEC Employee Shareholding Association (1.37%); The Dai-ichi Mutual Life Insurance Company (1.23%); and, Japan Trustee Services Bank Ltd (Sumitomo Corporation Pension and Severance Payments Trust Account) (1.17%).