annual report 2014 (financials) - nec...annual report 2014 nc corporation 62 annual report 2014 issn...
TRANSCRIPT
![Page 1: Annual Report 2014 (Financials) - NEC...Annual Report 2014 NC Corporation 62 Annual Report 2014 ISSN 0910-0229 ©NEC Corporation 2014 Printed in Japan 7-1, Shiba 5-chome, Minato-ku,](https://reader034.vdocuments.mx/reader034/viewer/2022052518/5f0c7a997e708231d4359b58/html5/thumbnails/1.jpg)
Annual Report 2014 (Financials)Year ended March 31, 2014
![Page 2: Annual Report 2014 (Financials) - NEC...Annual Report 2014 NC Corporation 62 Annual Report 2014 ISSN 0910-0229 ©NEC Corporation 2014 Printed in Japan 7-1, Shiba 5-chome, Minato-ku,](https://reader034.vdocuments.mx/reader034/viewer/2022052518/5f0c7a997e708231d4359b58/html5/thumbnails/2.jpg)
![Page 3: Annual Report 2014 (Financials) - NEC...Annual Report 2014 NC Corporation 62 Annual Report 2014 ISSN 0910-0229 ©NEC Corporation 2014 Printed in Japan 7-1, Shiba 5-chome, Minato-ku,](https://reader034.vdocuments.mx/reader034/viewer/2022052518/5f0c7a997e708231d4359b58/html5/thumbnails/3.jpg)
03 Management’s Discussion and Analysis
15 Consolidated Balance Sheets
17 Consolidated Statements of Operations
18 Consolidated Statements of Comprehensive Income
19 Consolidated Statements of Changes in Net Assets
21 Consolidated Statements of Cash Flows
23 Notes to Consolidated Financial Statements
61 Independent Auditor’s Report
Note: U.S. dollar amounts are translated from yen, for convenience only, at the rate of ¥103 = U.S.$1.
Contents
![Page 4: Annual Report 2014 (Financials) - NEC...Annual Report 2014 NC Corporation 62 Annual Report 2014 ISSN 0910-0229 ©NEC Corporation 2014 Printed in Japan 7-1, Shiba 5-chome, Minato-ku,](https://reader034.vdocuments.mx/reader034/viewer/2022052518/5f0c7a997e708231d4359b58/html5/thumbnails/4.jpg)
03 NEC CorporationAnnual Report 2014
![Page 5: Annual Report 2014 (Financials) - NEC...Annual Report 2014 NC Corporation 62 Annual Report 2014 ISSN 0910-0229 ©NEC Corporation 2014 Printed in Japan 7-1, Shiba 5-chome, Minato-ku,](https://reader034.vdocuments.mx/reader034/viewer/2022052518/5f0c7a997e708231d4359b58/html5/thumbnails/5.jpg)
04NEC CorporationAnnual Report 2014
![Page 6: Annual Report 2014 (Financials) - NEC...Annual Report 2014 NC Corporation 62 Annual Report 2014 ISSN 0910-0229 ©NEC Corporation 2014 Printed in Japan 7-1, Shiba 5-chome, Minato-ku,](https://reader034.vdocuments.mx/reader034/viewer/2022052518/5f0c7a997e708231d4359b58/html5/thumbnails/6.jpg)
05 NEC CorporationAnnual Report 2014
![Page 7: Annual Report 2014 (Financials) - NEC...Annual Report 2014 NC Corporation 62 Annual Report 2014 ISSN 0910-0229 ©NEC Corporation 2014 Printed in Japan 7-1, Shiba 5-chome, Minato-ku,](https://reader034.vdocuments.mx/reader034/viewer/2022052518/5f0c7a997e708231d4359b58/html5/thumbnails/7.jpg)
06NEC CorporationAnnual Report 2014
![Page 8: Annual Report 2014 (Financials) - NEC...Annual Report 2014 NC Corporation 62 Annual Report 2014 ISSN 0910-0229 ©NEC Corporation 2014 Printed in Japan 7-1, Shiba 5-chome, Minato-ku,](https://reader034.vdocuments.mx/reader034/viewer/2022052518/5f0c7a997e708231d4359b58/html5/thumbnails/8.jpg)
07 NEC CorporationAnnual Report 2014
![Page 9: Annual Report 2014 (Financials) - NEC...Annual Report 2014 NC Corporation 62 Annual Report 2014 ISSN 0910-0229 ©NEC Corporation 2014 Printed in Japan 7-1, Shiba 5-chome, Minato-ku,](https://reader034.vdocuments.mx/reader034/viewer/2022052518/5f0c7a997e708231d4359b58/html5/thumbnails/9.jpg)
08NEC CorporationAnnual Report 2014
![Page 10: Annual Report 2014 (Financials) - NEC...Annual Report 2014 NC Corporation 62 Annual Report 2014 ISSN 0910-0229 ©NEC Corporation 2014 Printed in Japan 7-1, Shiba 5-chome, Minato-ku,](https://reader034.vdocuments.mx/reader034/viewer/2022052518/5f0c7a997e708231d4359b58/html5/thumbnails/10.jpg)
09 NEC CorporationAnnual Report 2014
![Page 11: Annual Report 2014 (Financials) - NEC...Annual Report 2014 NC Corporation 62 Annual Report 2014 ISSN 0910-0229 ©NEC Corporation 2014 Printed in Japan 7-1, Shiba 5-chome, Minato-ku,](https://reader034.vdocuments.mx/reader034/viewer/2022052518/5f0c7a997e708231d4359b58/html5/thumbnails/11.jpg)
10NEC CorporationAnnual Report 2014
![Page 12: Annual Report 2014 (Financials) - NEC...Annual Report 2014 NC Corporation 62 Annual Report 2014 ISSN 0910-0229 ©NEC Corporation 2014 Printed in Japan 7-1, Shiba 5-chome, Minato-ku,](https://reader034.vdocuments.mx/reader034/viewer/2022052518/5f0c7a997e708231d4359b58/html5/thumbnails/12.jpg)
11 NEC CorporationAnnual Report 2014
![Page 13: Annual Report 2014 (Financials) - NEC...Annual Report 2014 NC Corporation 62 Annual Report 2014 ISSN 0910-0229 ©NEC Corporation 2014 Printed in Japan 7-1, Shiba 5-chome, Minato-ku,](https://reader034.vdocuments.mx/reader034/viewer/2022052518/5f0c7a997e708231d4359b58/html5/thumbnails/13.jpg)
12NEC CorporationAnnual Report 2014
![Page 14: Annual Report 2014 (Financials) - NEC...Annual Report 2014 NC Corporation 62 Annual Report 2014 ISSN 0910-0229 ©NEC Corporation 2014 Printed in Japan 7-1, Shiba 5-chome, Minato-ku,](https://reader034.vdocuments.mx/reader034/viewer/2022052518/5f0c7a997e708231d4359b58/html5/thumbnails/14.jpg)
13 NEC CorporationAnnual Report 2014
![Page 15: Annual Report 2014 (Financials) - NEC...Annual Report 2014 NC Corporation 62 Annual Report 2014 ISSN 0910-0229 ©NEC Corporation 2014 Printed in Japan 7-1, Shiba 5-chome, Minato-ku,](https://reader034.vdocuments.mx/reader034/viewer/2022052518/5f0c7a997e708231d4359b58/html5/thumbnails/15.jpg)
14NEC CorporationAnnual Report 2014
![Page 16: Annual Report 2014 (Financials) - NEC...Annual Report 2014 NC Corporation 62 Annual Report 2014 ISSN 0910-0229 ©NEC Corporation 2014 Printed in Japan 7-1, Shiba 5-chome, Minato-ku,](https://reader034.vdocuments.mx/reader034/viewer/2022052518/5f0c7a997e708231d4359b58/html5/thumbnails/16.jpg)
15 NEC CorporationAnnual Report 2014
![Page 17: Annual Report 2014 (Financials) - NEC...Annual Report 2014 NC Corporation 62 Annual Report 2014 ISSN 0910-0229 ©NEC Corporation 2014 Printed in Japan 7-1, Shiba 5-chome, Minato-ku,](https://reader034.vdocuments.mx/reader034/viewer/2022052518/5f0c7a997e708231d4359b58/html5/thumbnails/17.jpg)
16NEC CorporationAnnual Report 2014
![Page 18: Annual Report 2014 (Financials) - NEC...Annual Report 2014 NC Corporation 62 Annual Report 2014 ISSN 0910-0229 ©NEC Corporation 2014 Printed in Japan 7-1, Shiba 5-chome, Minato-ku,](https://reader034.vdocuments.mx/reader034/viewer/2022052518/5f0c7a997e708231d4359b58/html5/thumbnails/18.jpg)
17 NEC CorporationAnnual Report 2014
![Page 19: Annual Report 2014 (Financials) - NEC...Annual Report 2014 NC Corporation 62 Annual Report 2014 ISSN 0910-0229 ©NEC Corporation 2014 Printed in Japan 7-1, Shiba 5-chome, Minato-ku,](https://reader034.vdocuments.mx/reader034/viewer/2022052518/5f0c7a997e708231d4359b58/html5/thumbnails/19.jpg)
18NEC CorporationAnnual Report 2014
![Page 20: Annual Report 2014 (Financials) - NEC...Annual Report 2014 NC Corporation 62 Annual Report 2014 ISSN 0910-0229 ©NEC Corporation 2014 Printed in Japan 7-1, Shiba 5-chome, Minato-ku,](https://reader034.vdocuments.mx/reader034/viewer/2022052518/5f0c7a997e708231d4359b58/html5/thumbnails/20.jpg)
19 NEC CorporationAnnual Report 2014
![Page 21: Annual Report 2014 (Financials) - NEC...Annual Report 2014 NC Corporation 62 Annual Report 2014 ISSN 0910-0229 ©NEC Corporation 2014 Printed in Japan 7-1, Shiba 5-chome, Minato-ku,](https://reader034.vdocuments.mx/reader034/viewer/2022052518/5f0c7a997e708231d4359b58/html5/thumbnails/21.jpg)
20NEC CorporationAnnual Report 2014
![Page 22: Annual Report 2014 (Financials) - NEC...Annual Report 2014 NC Corporation 62 Annual Report 2014 ISSN 0910-0229 ©NEC Corporation 2014 Printed in Japan 7-1, Shiba 5-chome, Minato-ku,](https://reader034.vdocuments.mx/reader034/viewer/2022052518/5f0c7a997e708231d4359b58/html5/thumbnails/22.jpg)
21 NEC CorporationAnnual Report 2014
![Page 23: Annual Report 2014 (Financials) - NEC...Annual Report 2014 NC Corporation 62 Annual Report 2014 ISSN 0910-0229 ©NEC Corporation 2014 Printed in Japan 7-1, Shiba 5-chome, Minato-ku,](https://reader034.vdocuments.mx/reader034/viewer/2022052518/5f0c7a997e708231d4359b58/html5/thumbnails/23.jpg)
22NEC CorporationAnnual Report 2014
![Page 24: Annual Report 2014 (Financials) - NEC...Annual Report 2014 NC Corporation 62 Annual Report 2014 ISSN 0910-0229 ©NEC Corporation 2014 Printed in Japan 7-1, Shiba 5-chome, Minato-ku,](https://reader034.vdocuments.mx/reader034/viewer/2022052518/5f0c7a997e708231d4359b58/html5/thumbnails/24.jpg)
23 NEC CorporationAnnual Report 2014
![Page 25: Annual Report 2014 (Financials) - NEC...Annual Report 2014 NC Corporation 62 Annual Report 2014 ISSN 0910-0229 ©NEC Corporation 2014 Printed in Japan 7-1, Shiba 5-chome, Minato-ku,](https://reader034.vdocuments.mx/reader034/viewer/2022052518/5f0c7a997e708231d4359b58/html5/thumbnails/25.jpg)
24NEC CorporationAnnual Report 2014
![Page 26: Annual Report 2014 (Financials) - NEC...Annual Report 2014 NC Corporation 62 Annual Report 2014 ISSN 0910-0229 ©NEC Corporation 2014 Printed in Japan 7-1, Shiba 5-chome, Minato-ku,](https://reader034.vdocuments.mx/reader034/viewer/2022052518/5f0c7a997e708231d4359b58/html5/thumbnails/26.jpg)
25 NEC CorporationAnnual Report 2014
![Page 27: Annual Report 2014 (Financials) - NEC...Annual Report 2014 NC Corporation 62 Annual Report 2014 ISSN 0910-0229 ©NEC Corporation 2014 Printed in Japan 7-1, Shiba 5-chome, Minato-ku,](https://reader034.vdocuments.mx/reader034/viewer/2022052518/5f0c7a997e708231d4359b58/html5/thumbnails/27.jpg)
26NEC CorporationAnnual Report 2014
![Page 28: Annual Report 2014 (Financials) - NEC...Annual Report 2014 NC Corporation 62 Annual Report 2014 ISSN 0910-0229 ©NEC Corporation 2014 Printed in Japan 7-1, Shiba 5-chome, Minato-ku,](https://reader034.vdocuments.mx/reader034/viewer/2022052518/5f0c7a997e708231d4359b58/html5/thumbnails/28.jpg)
27 NEC CorporationAnnual Report 2014
![Page 29: Annual Report 2014 (Financials) - NEC...Annual Report 2014 NC Corporation 62 Annual Report 2014 ISSN 0910-0229 ©NEC Corporation 2014 Printed in Japan 7-1, Shiba 5-chome, Minato-ku,](https://reader034.vdocuments.mx/reader034/viewer/2022052518/5f0c7a997e708231d4359b58/html5/thumbnails/29.jpg)
28NEC CorporationAnnual Report 2014
![Page 30: Annual Report 2014 (Financials) - NEC...Annual Report 2014 NC Corporation 62 Annual Report 2014 ISSN 0910-0229 ©NEC Corporation 2014 Printed in Japan 7-1, Shiba 5-chome, Minato-ku,](https://reader034.vdocuments.mx/reader034/viewer/2022052518/5f0c7a997e708231d4359b58/html5/thumbnails/30.jpg)
29 NEC CorporationAnnual Report 2014
![Page 31: Annual Report 2014 (Financials) - NEC...Annual Report 2014 NC Corporation 62 Annual Report 2014 ISSN 0910-0229 ©NEC Corporation 2014 Printed in Japan 7-1, Shiba 5-chome, Minato-ku,](https://reader034.vdocuments.mx/reader034/viewer/2022052518/5f0c7a997e708231d4359b58/html5/thumbnails/31.jpg)
30NEC CorporationAnnual Report 2014
![Page 32: Annual Report 2014 (Financials) - NEC...Annual Report 2014 NC Corporation 62 Annual Report 2014 ISSN 0910-0229 ©NEC Corporation 2014 Printed in Japan 7-1, Shiba 5-chome, Minato-ku,](https://reader034.vdocuments.mx/reader034/viewer/2022052518/5f0c7a997e708231d4359b58/html5/thumbnails/32.jpg)
31 NEC CorporationAnnual Report 2014
![Page 33: Annual Report 2014 (Financials) - NEC...Annual Report 2014 NC Corporation 62 Annual Report 2014 ISSN 0910-0229 ©NEC Corporation 2014 Printed in Japan 7-1, Shiba 5-chome, Minato-ku,](https://reader034.vdocuments.mx/reader034/viewer/2022052518/5f0c7a997e708231d4359b58/html5/thumbnails/33.jpg)
32NEC CorporationAnnual Report 2014
![Page 34: Annual Report 2014 (Financials) - NEC...Annual Report 2014 NC Corporation 62 Annual Report 2014 ISSN 0910-0229 ©NEC Corporation 2014 Printed in Japan 7-1, Shiba 5-chome, Minato-ku,](https://reader034.vdocuments.mx/reader034/viewer/2022052518/5f0c7a997e708231d4359b58/html5/thumbnails/34.jpg)
33 NEC CorporationAnnual Report 2014
![Page 35: Annual Report 2014 (Financials) - NEC...Annual Report 2014 NC Corporation 62 Annual Report 2014 ISSN 0910-0229 ©NEC Corporation 2014 Printed in Japan 7-1, Shiba 5-chome, Minato-ku,](https://reader034.vdocuments.mx/reader034/viewer/2022052518/5f0c7a997e708231d4359b58/html5/thumbnails/35.jpg)
34NEC CorporationAnnual Report 2014
![Page 36: Annual Report 2014 (Financials) - NEC...Annual Report 2014 NC Corporation 62 Annual Report 2014 ISSN 0910-0229 ©NEC Corporation 2014 Printed in Japan 7-1, Shiba 5-chome, Minato-ku,](https://reader034.vdocuments.mx/reader034/viewer/2022052518/5f0c7a997e708231d4359b58/html5/thumbnails/36.jpg)
35 NEC CorporationAnnual Report 2014
![Page 37: Annual Report 2014 (Financials) - NEC...Annual Report 2014 NC Corporation 62 Annual Report 2014 ISSN 0910-0229 ©NEC Corporation 2014 Printed in Japan 7-1, Shiba 5-chome, Minato-ku,](https://reader034.vdocuments.mx/reader034/viewer/2022052518/5f0c7a997e708231d4359b58/html5/thumbnails/37.jpg)
36NEC CorporationAnnual Report 2014
![Page 38: Annual Report 2014 (Financials) - NEC...Annual Report 2014 NC Corporation 62 Annual Report 2014 ISSN 0910-0229 ©NEC Corporation 2014 Printed in Japan 7-1, Shiba 5-chome, Minato-ku,](https://reader034.vdocuments.mx/reader034/viewer/2022052518/5f0c7a997e708231d4359b58/html5/thumbnails/38.jpg)
37 NEC CorporationAnnual Report 2014
![Page 39: Annual Report 2014 (Financials) - NEC...Annual Report 2014 NC Corporation 62 Annual Report 2014 ISSN 0910-0229 ©NEC Corporation 2014 Printed in Japan 7-1, Shiba 5-chome, Minato-ku,](https://reader034.vdocuments.mx/reader034/viewer/2022052518/5f0c7a997e708231d4359b58/html5/thumbnails/39.jpg)
38NEC CorporationAnnual Report 2014
![Page 40: Annual Report 2014 (Financials) - NEC...Annual Report 2014 NC Corporation 62 Annual Report 2014 ISSN 0910-0229 ©NEC Corporation 2014 Printed in Japan 7-1, Shiba 5-chome, Minato-ku,](https://reader034.vdocuments.mx/reader034/viewer/2022052518/5f0c7a997e708231d4359b58/html5/thumbnails/40.jpg)
39 NEC CorporationAnnual Report 2014
![Page 41: Annual Report 2014 (Financials) - NEC...Annual Report 2014 NC Corporation 62 Annual Report 2014 ISSN 0910-0229 ©NEC Corporation 2014 Printed in Japan 7-1, Shiba 5-chome, Minato-ku,](https://reader034.vdocuments.mx/reader034/viewer/2022052518/5f0c7a997e708231d4359b58/html5/thumbnails/41.jpg)
40NEC CorporationAnnual Report 2014
![Page 42: Annual Report 2014 (Financials) - NEC...Annual Report 2014 NC Corporation 62 Annual Report 2014 ISSN 0910-0229 ©NEC Corporation 2014 Printed in Japan 7-1, Shiba 5-chome, Minato-ku,](https://reader034.vdocuments.mx/reader034/viewer/2022052518/5f0c7a997e708231d4359b58/html5/thumbnails/42.jpg)
41 NEC CorporationAnnual Report 2014
![Page 43: Annual Report 2014 (Financials) - NEC...Annual Report 2014 NC Corporation 62 Annual Report 2014 ISSN 0910-0229 ©NEC Corporation 2014 Printed in Japan 7-1, Shiba 5-chome, Minato-ku,](https://reader034.vdocuments.mx/reader034/viewer/2022052518/5f0c7a997e708231d4359b58/html5/thumbnails/43.jpg)
42NEC CorporationAnnual Report 2014
![Page 44: Annual Report 2014 (Financials) - NEC...Annual Report 2014 NC Corporation 62 Annual Report 2014 ISSN 0910-0229 ©NEC Corporation 2014 Printed in Japan 7-1, Shiba 5-chome, Minato-ku,](https://reader034.vdocuments.mx/reader034/viewer/2022052518/5f0c7a997e708231d4359b58/html5/thumbnails/44.jpg)
43 NEC CorporationAnnual Report 2014
![Page 45: Annual Report 2014 (Financials) - NEC...Annual Report 2014 NC Corporation 62 Annual Report 2014 ISSN 0910-0229 ©NEC Corporation 2014 Printed in Japan 7-1, Shiba 5-chome, Minato-ku,](https://reader034.vdocuments.mx/reader034/viewer/2022052518/5f0c7a997e708231d4359b58/html5/thumbnails/45.jpg)
44NEC CorporationAnnual Report 2014
![Page 46: Annual Report 2014 (Financials) - NEC...Annual Report 2014 NC Corporation 62 Annual Report 2014 ISSN 0910-0229 ©NEC Corporation 2014 Printed in Japan 7-1, Shiba 5-chome, Minato-ku,](https://reader034.vdocuments.mx/reader034/viewer/2022052518/5f0c7a997e708231d4359b58/html5/thumbnails/46.jpg)
45 NEC CorporationAnnual Report 2014
![Page 47: Annual Report 2014 (Financials) - NEC...Annual Report 2014 NC Corporation 62 Annual Report 2014 ISSN 0910-0229 ©NEC Corporation 2014 Printed in Japan 7-1, Shiba 5-chome, Minato-ku,](https://reader034.vdocuments.mx/reader034/viewer/2022052518/5f0c7a997e708231d4359b58/html5/thumbnails/47.jpg)
46NEC CorporationAnnual Report 2014
![Page 48: Annual Report 2014 (Financials) - NEC...Annual Report 2014 NC Corporation 62 Annual Report 2014 ISSN 0910-0229 ©NEC Corporation 2014 Printed in Japan 7-1, Shiba 5-chome, Minato-ku,](https://reader034.vdocuments.mx/reader034/viewer/2022052518/5f0c7a997e708231d4359b58/html5/thumbnails/48.jpg)
47 NEC CorporationAnnual Report 2014
![Page 49: Annual Report 2014 (Financials) - NEC...Annual Report 2014 NC Corporation 62 Annual Report 2014 ISSN 0910-0229 ©NEC Corporation 2014 Printed in Japan 7-1, Shiba 5-chome, Minato-ku,](https://reader034.vdocuments.mx/reader034/viewer/2022052518/5f0c7a997e708231d4359b58/html5/thumbnails/49.jpg)
48NEC CorporationAnnual Report 2014
![Page 50: Annual Report 2014 (Financials) - NEC...Annual Report 2014 NC Corporation 62 Annual Report 2014 ISSN 0910-0229 ©NEC Corporation 2014 Printed in Japan 7-1, Shiba 5-chome, Minato-ku,](https://reader034.vdocuments.mx/reader034/viewer/2022052518/5f0c7a997e708231d4359b58/html5/thumbnails/50.jpg)
49 NEC CorporationAnnual Report 2014
![Page 51: Annual Report 2014 (Financials) - NEC...Annual Report 2014 NC Corporation 62 Annual Report 2014 ISSN 0910-0229 ©NEC Corporation 2014 Printed in Japan 7-1, Shiba 5-chome, Minato-ku,](https://reader034.vdocuments.mx/reader034/viewer/2022052518/5f0c7a997e708231d4359b58/html5/thumbnails/51.jpg)
50NEC CorporationAnnual Report 2014
![Page 52: Annual Report 2014 (Financials) - NEC...Annual Report 2014 NC Corporation 62 Annual Report 2014 ISSN 0910-0229 ©NEC Corporation 2014 Printed in Japan 7-1, Shiba 5-chome, Minato-ku,](https://reader034.vdocuments.mx/reader034/viewer/2022052518/5f0c7a997e708231d4359b58/html5/thumbnails/52.jpg)
51 NEC CorporationAnnual Report 2014
![Page 53: Annual Report 2014 (Financials) - NEC...Annual Report 2014 NC Corporation 62 Annual Report 2014 ISSN 0910-0229 ©NEC Corporation 2014 Printed in Japan 7-1, Shiba 5-chome, Minato-ku,](https://reader034.vdocuments.mx/reader034/viewer/2022052518/5f0c7a997e708231d4359b58/html5/thumbnails/53.jpg)
52NEC CorporationAnnual Report 2014
![Page 54: Annual Report 2014 (Financials) - NEC...Annual Report 2014 NC Corporation 62 Annual Report 2014 ISSN 0910-0229 ©NEC Corporation 2014 Printed in Japan 7-1, Shiba 5-chome, Minato-ku,](https://reader034.vdocuments.mx/reader034/viewer/2022052518/5f0c7a997e708231d4359b58/html5/thumbnails/54.jpg)
53 NEC CorporationAnnual Report 2014
![Page 55: Annual Report 2014 (Financials) - NEC...Annual Report 2014 NC Corporation 62 Annual Report 2014 ISSN 0910-0229 ©NEC Corporation 2014 Printed in Japan 7-1, Shiba 5-chome, Minato-ku,](https://reader034.vdocuments.mx/reader034/viewer/2022052518/5f0c7a997e708231d4359b58/html5/thumbnails/55.jpg)
54NEC CorporationAnnual Report 2014
![Page 56: Annual Report 2014 (Financials) - NEC...Annual Report 2014 NC Corporation 62 Annual Report 2014 ISSN 0910-0229 ©NEC Corporation 2014 Printed in Japan 7-1, Shiba 5-chome, Minato-ku,](https://reader034.vdocuments.mx/reader034/viewer/2022052518/5f0c7a997e708231d4359b58/html5/thumbnails/56.jpg)
55 NEC CorporationAnnual Report 2014
![Page 57: Annual Report 2014 (Financials) - NEC...Annual Report 2014 NC Corporation 62 Annual Report 2014 ISSN 0910-0229 ©NEC Corporation 2014 Printed in Japan 7-1, Shiba 5-chome, Minato-ku,](https://reader034.vdocuments.mx/reader034/viewer/2022052518/5f0c7a997e708231d4359b58/html5/thumbnails/57.jpg)
56NEC CorporationAnnual Report 2014
![Page 58: Annual Report 2014 (Financials) - NEC...Annual Report 2014 NC Corporation 62 Annual Report 2014 ISSN 0910-0229 ©NEC Corporation 2014 Printed in Japan 7-1, Shiba 5-chome, Minato-ku,](https://reader034.vdocuments.mx/reader034/viewer/2022052518/5f0c7a997e708231d4359b58/html5/thumbnails/58.jpg)
57 NEC CorporationAnnual Report 2014
![Page 59: Annual Report 2014 (Financials) - NEC...Annual Report 2014 NC Corporation 62 Annual Report 2014 ISSN 0910-0229 ©NEC Corporation 2014 Printed in Japan 7-1, Shiba 5-chome, Minato-ku,](https://reader034.vdocuments.mx/reader034/viewer/2022052518/5f0c7a997e708231d4359b58/html5/thumbnails/59.jpg)
58NEC CorporationAnnual Report 2014
![Page 60: Annual Report 2014 (Financials) - NEC...Annual Report 2014 NC Corporation 62 Annual Report 2014 ISSN 0910-0229 ©NEC Corporation 2014 Printed in Japan 7-1, Shiba 5-chome, Minato-ku,](https://reader034.vdocuments.mx/reader034/viewer/2022052518/5f0c7a997e708231d4359b58/html5/thumbnails/60.jpg)
59 NEC CorporationAnnual Report 2014
![Page 61: Annual Report 2014 (Financials) - NEC...Annual Report 2014 NC Corporation 62 Annual Report 2014 ISSN 0910-0229 ©NEC Corporation 2014 Printed in Japan 7-1, Shiba 5-chome, Minato-ku,](https://reader034.vdocuments.mx/reader034/viewer/2022052518/5f0c7a997e708231d4359b58/html5/thumbnails/61.jpg)
60NEC CorporationAnnual Report 2014
![Page 62: Annual Report 2014 (Financials) - NEC...Annual Report 2014 NC Corporation 62 Annual Report 2014 ISSN 0910-0229 ©NEC Corporation 2014 Printed in Japan 7-1, Shiba 5-chome, Minato-ku,](https://reader034.vdocuments.mx/reader034/viewer/2022052518/5f0c7a997e708231d4359b58/html5/thumbnails/62.jpg)
61 NEC CorporationAnnual Report 2014
![Page 63: Annual Report 2014 (Financials) - NEC...Annual Report 2014 NC Corporation 62 Annual Report 2014 ISSN 0910-0229 ©NEC Corporation 2014 Printed in Japan 7-1, Shiba 5-chome, Minato-ku,](https://reader034.vdocuments.mx/reader034/viewer/2022052518/5f0c7a997e708231d4359b58/html5/thumbnails/63.jpg)
62NEC CorporationAnnual Report 2014
![Page 64: Annual Report 2014 (Financials) - NEC...Annual Report 2014 NC Corporation 62 Annual Report 2014 ISSN 0910-0229 ©NEC Corporation 2014 Printed in Japan 7-1, Shiba 5-chome, Minato-ku,](https://reader034.vdocuments.mx/reader034/viewer/2022052518/5f0c7a997e708231d4359b58/html5/thumbnails/64.jpg)
ISSN 0910-0229©NEC Corporation 2014
Printed in Japan
7-1, Shiba 5-chome, Minato-ku, Tokyo 108-8001, JapanTelephone: +81-3-3454-1111