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NEC Electronics Announces Combined Financial Results for the First Half of the Fiscal Year Ending March 31, 2004
KAWASAKI, Japan, October 22, 2003 -
NEC Electronics Corporation (TSE: 6723) today announced its combined financial results for the first half of the fiscal year ending March 31, 2004.
Summary
1. Overview: Combined Financial Results
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Six months ended
September 30, 2003
|
(Reference)
Six months ended
September 30, 2002 |
Fiscal year ended
March 31,2003 |
| |
| Net Sales |
| |
| Operating income |
| |
| Income before income taxes |
| |
| Net income |
| |
|
| Billions of yen |
% |
| 348.0 |
100.0 |
| |
|
| 25.2 |
7.3 |
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|
| 19.5 |
5.6 |
| |
|
| 12.1 |
3.5 |
| |
|
|
| Billions of yen |
% |
| 365.8 |
100.0 |
| |
|
| 14.2 |
3.9 |
| |
|
| 6.4 |
1.8 |
| |
|
| 5.1 |
1.4 |
| |
|
|
| Billions of yen |
% |
| 725.0 |
100.0 |
| |
|
| 30.2 |
4.2 |
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|
| 15.0 |
2.1 |
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|
| 9.6 |
1.3 |
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|
|
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| Net income per share: |
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| Basic |
| Diluted |
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|
|
|
|
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As of September 30,
2003 |
As of September 30,
2002 |
As of March 31,
2003 |
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| Total assets |
| Shareholders' equity |
| |
|
| Billions of yen |
|
| 733.3 |
|
| 347.7 |
|
| |
|
|
| Billions of yen |
|
| 593.2 |
|
| 233.7 |
|
| |
|
|
| Billions of yen |
|
| 655.4 |
|
| 238.9 |
|
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|
|
| Notes: |
| 1) |
Figures are rounded off in 100 million yen. |
| 2) |
NEC Electronics' consolidated accounts are based on U.S. GAAP. However, the figure for operating income shown above represents net sales minus cost of sales and selling, general and administrative expenses. |
| 3) |
Results for the year ended March 31, 2003 and for the six months ended September 30, 2002 are formulated, for the sake of comparison, as if NEC Electronics existed as an independent company prior to November 1, 2002 (the date NEC Electronics was established). |
2. Overview: Non-consolidated Financial Results
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Six months ended
September 30, 2003
|
(Reference)
Six months ended
September 30, 2002 |
Fiscal year ended
March 31,2003 |
| |
| Net Sales |
| |
| Operating income |
| |
| Ordinary income |
| |
| Net income |
| |
|
| Billions of yen |
% |
| 272.7 |
100.0 |
| |
|
| 13.7 |
5.0 |
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|
| 6.8 |
2.5 |
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|
| 4.7 |
1.7 |
| |
|
|
| Billions of yen |
% |
| - |
- |
| |
|
| - |
- |
| |
|
| - |
- |
| |
|
| - |
- |
| |
|
|
| Billions of yen |
% |
| 221.3 |
100.0 |
| |
|
| 1.4 |
0.7 |
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|
| 3.9 |
1.8 |
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|
| 1.7 |
0.8 |
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|
|
|
|
|
|
|
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As of September 30,
2003 |
As of September 30,
2002 |
As of March 31,
2003 |
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| Total assets |
| Shareholders' equity |
| |
|
| Billions of yen |
|
| 662.8 |
|
| 436.5 |
|
| |
|
|
|
| Billions of yen |
|
| 587.8 |
|
| 336.7 |
|
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|
|
| Notes: |
| 1) |
Figures are rounded off in 100 million yen. |
| 2) |
Statements for fiscal year ended March 31,2003 represent the five-month term,since NEC Electronics' establlishment on November 1,2002,to March,31,2003. |
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CAUTIONARY STATEMENTS:
The statements in this press release with respect to the plans, strategies and forecasts of
NEC Electronics and its consolidated subsidiaries (collectively "we") are forward-looking statements
involving risks and uncertainties. We caution in advance you that actual results could differ materially from such forward-looking statements due to several factors. The important factors that could cause actual results to differ materially from such statements include, but are not limited to, general economic conditions in our markets, which are primarily Japan, North America, Asia and Europe; demand for, and competitive pricing pressure on, our products and services in the marketplace; our ability to continue to win acceptance of its products and services in these highly competitive markets; and movements in currency exchange rates, particularly the rate between the yen and the U.S. dollar. Among other factors, a worsening of the world economy; a worsening of financial conditions in the world markets, and a deterioration in the domestic and overseas stock markets, would cause actual results to differ from the projected results forecast.
Incases where the information contained in the press release falls within the definition of "Material Information" under Paragraph 2 of Article 166 of the Securities and Exchange Law of Japan, if you (and directors or employees of your company if the content
of this press release come to their knowledge in connection with their duty) read this press release before the time of "Publication" (which is defined under the Securities and Exchange
Law of Japan and its Enforcement Ordinance as twelve hours after its release; I.e., approximately 3 am on October 23, 2004 (JST), you (and directors or employees of your
company if the content of this press release comes to their knowledge in connection with their duties) may be prohibited from purchasing, selling, or making other transactions of shares of our stock before the time of Publication.
***
Information in the press releases, including product prices and
specifications is current on the date of the press announcement,
but is subject to change without prior notice.
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