NEC Electronics Reports Results
for the Three Months Ended December 31, 2004
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KAWASAKI, Japan, January 26, 2005 -
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NEC Electronics Corporation (TSE: 6723) today announced its consolidated financial results for the three months ended December 31, 2004.
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Three Months (October - December 2004)
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Three Months Ended
December 31, 2004
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Three Months Ended
December 31, 2003
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Increase(Decrease)
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Net sales
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Sales from semiconductors
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Operating income
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Income before income taxes
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Net income
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Billion
Yen
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Million
USD
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% of Net Sales
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165.3
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1,605
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100.0
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160.7
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1,560
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1.2
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11
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0.7
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0.2
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2
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0.1
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0.5
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5
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0.3
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Billion
Yen
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% of Net Sales
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175.3
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100.0
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166.7
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15.5
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8.9
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13.9
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7.9
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8.4
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4.8
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Billion
Yen
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% Change
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(10.0)
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(5.7)
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(6.0)
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(3.6)
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(14.4)
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(92.5)
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(13.7)
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(98.5)
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(7.9)
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(94.2)
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Net income per share of common stock:
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Basic
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Diluted
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Yen
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USD
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3.89
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0.04
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3.57
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0.03
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Yen
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% Change
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(63.77)
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(94.3)
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(64.09)
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(94.7)
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Capital expenditures
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Depreciation and
amortization
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R&D expenses
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Billion
Yen
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Million
USD
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29.3
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284
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24.6
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239
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28.2
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274
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Billion
Yen
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25.2
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21.6
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23.3
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Billion
Yen
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% Change
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4.1
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16.4
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3.0
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14.0
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4.9
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21.2
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Exchange rate (USD)
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Exchange rate (Euro)
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Nine Months (April - December 2004)
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Nine Months Ended
December 31, 2004
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Nine Months Ended
December 31, 2003
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Increase(Decrease)
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Net sales
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Sales from semiconductors
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Operating income
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Income before income taxes
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Net income
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Billion
Yen
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Million
USD
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% of Net Sales
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542.1
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5,264
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100.0
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521.1
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5,059
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31.8
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309
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5.9
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29.3
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284
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5.4
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18.4
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178
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3.4
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Billion
Yen
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% of Net Sales
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523.3
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100.0
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492.7
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40.8
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7.8
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33.4
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6.4
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20.5
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3.9
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Billion
Yen
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% Change
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18.8
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3.6
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28.3
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5.8
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(9.0)
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(22.0)
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(4.1)
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(12.2)
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(2.1)
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(10.2)
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Net income per share of common stock:
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Basic
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Diluted
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Yen
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USD
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148.83
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1.44
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138.41
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1.34
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Yen
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% Change
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(30.18)
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(16.9)
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(40.60)
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(22.7)
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Capital expenditures
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Depreciation and
amortization
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R&D expenses
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Billion
Yen
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Million
USD
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141.8
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1,377
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69.7
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677
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81.0
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786
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Billion
Yen
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62.6
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59.1
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73.7
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Billion
Yen
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% Change
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79.2
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126.6
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10.6
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18.0
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7.3
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9.9
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Exchange rate (USD)
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Exchange rate (Euro)
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As of
December 31, 2004 |
As of
September 30, 2004
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Increase(Decrease)
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Total assets
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Shareholders' equity
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Billion
Yen
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Million
USD
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856.9
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8,320
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391.0
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3,796
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Billion
Yen
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% Change
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(22.8)
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(2.6)
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(0.5)
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(0.1)
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Persons
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% Change
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(15)
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(0.1)
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Notes
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1.
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U.S. dollar amounts are translated from yen, for convenience only, at
the rate of ¥103=U.S.$1.
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2.
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All figures are rounded off to the nearest 100 million yen.
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3.
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The consolidated financial statements of NEC Electronics are prepared
in accordance with accounting principles generally accepted in the United
States, or U.S. GAAP.
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4.
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The figures for operating income shown above represent net sales minus
the cost of sales, research and development, and selling, general and
administrative expenses.
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5.
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Net income per share of common stock is calculated based on Statement
of Financial Accounting Standards No.128, "Earnings per Share."
From the quarter ended December 31, 2004 the dilutive effect of the convertible
bonds is considered in the calculation of diluted net income per share
of common stock.
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About NEC Electronics
NEC Electronics Corporation (TSE: 6723) specializes in semiconductor products encompassing advanced technology solutions for the high-end computing and broadband networking markets, system solutions for the mobile handsets, PC peripherals, automotive and digital consumer markets, and platform solutions for a wide range of customer applications. NEC Electronics Corporation has 26 subsidiaries worldwide including NEC Electronics America, Inc. (www.am.necel.com) and NEC Electronics (Europe) GmbH (www.ee.nec.de). For additional information about NEC Electronics worldwide, visit www.necel.com.
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Forward-Looking Statements
The statements in this press release with respect to the plans, strategies and financial outlook of NEC Electronics and its consolidated subsidiaries (collectively "NEC Electronics") are forward-looking statements involving risks and uncertainties. We caution you in advance that actual results may differ materially from such forward-looking statements due to several important factors including, but 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, products and services in the marketplace; ability to continue to win acceptance of products and services in these highly competitive markets; and fluctuations in currency exchange rates, particularly between the yen and the U.S. dollar. Among other factors, downturn of the world economy; deteriorating financial conditions in world markets, or deterioration in domestic and overseas stock markets, may cause actual results to differ from the projected results forecast.
***
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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