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NEC Electronics Reports Results For the Fiscal Year and Fourth Quarter Ended March 31, 2004


KAWASAKI, Japan, April 27, 2004 -
NEC Electronics Corporation (TSE: 6723) today announced its consolidated financial results for the fiscal year and fourth quarter ended March 31, 2004.

Summary of Consolidated Financial Results for the Fiscal Year Ended March 31, 2004

 
Fiscal Year Ended
March 31, 2004
(Reference)
Fiscal Year Ended
March 31, 2003

Year on Year
 
Net Sales
 
Operating income
 
Operating income excluding gain due to transfer of the governmental welfare component
 
Income before income taxes
 
Net income
 
In billions of
yen
% of net
sales
711.9 100.0
   
56.4 7.9
   


54.5


7.7
   
44.3 6.2
   
28.0 3.9
   
In billions of
yen
% of net
sales
725.0 100.0
   
30.2 4.2
   


-


-
   
15.0 2.1
   
9.6 1.3
   
  %
  98.19
   
  186.97
   





-
   
  294.16
   
  291.69
   
 
Net income per share of common stock:
 
Basic
Diluted
 
Yen  
   
   
240.61  
240.61  
   
Yen  
   
   
96.22  
96.22  
   
  Yen
   
   
  144.39
  144.39
   


  As of March 31,
2004
As of March 31,
2003
Year on Year
 
Total assets
Shareholders' equity
 
In billions of
yen
 
741.5
371.7  
   
In billions of
yen
 
655.4
238.9  
   
  %
  113.12
  155.59
   

Notes
1. All figures are rounded down to the nearest 100 million yen.
2. The consolidated financial statements of NEC Electronics are prepared in accordance with accounting principles generally accepted in the United States, or U.S. GAAP. However, the figure for operating income shown above represents net sales minus the cost of sales and selling, general, and administrative expenses, plus gain due to transfer of the governmental welfare component.
3. Results for the fiscal year ended March 31, 2003 are provided, for the sake of comparison, as if NEC Electronics had existed as an independent company prior to November 1, 2002 (the date NEC Electronics was established).



Refer to attachment 1 for Management Policies.
Refer to attachment 2 for Business Results and Financial Condition.
Financial Results For the Fiscal Year and Fourth Quarter Ended March 31, 2004 (PDF File 67KB)
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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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