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NEC Electronics Revises Forecasts for the Fiscal Year Ended March 31, 2008

KAWASAKI, Japan, April 18, 2008

NEC Electronics Corporation (TSE: 6723) today revised its consolidated full-year financial forecasts for the fiscal year ended March 31, 2008, which the company disclosed on May 14, 2007.

1. Revised forecasts for consolidated financial results

(For the year ended March 31, 2008)
In millions of yen

	Net Sales	Operating Income (Loss)	Income (Loss) Before Income Taxes	Net Income (Loss)
Previous forecasts	690,000	0	(10,000)	(15,000)
Revised forecasts	685,000	5,000	(3,500)	(18,000)
Increase (decrease)	(5,000)	5,000	6,500	(3,000)
Percent change	(1.7)	---	---	---
Reference: Results for the year ended March 31, 2007	692,280	(28,557)	(35,375)	(41,500)

2. Background to the revisions

Consolidated net sales are expected to total 685.0 billion yen, a 5.0 billion yen decrease from the original forecast. Of this figure, semiconductor sales are expected to total 655.0 billion yen, 15.0 billion yen less than expected as a result of slow sales of semiconductors for Communications as well as PC and Peripherals. (Non-semiconductor sales are primarily derived from resale of LCD panels by international subsidiaries.)

Operating profit is expected to be 5.0 billion yen, 5.0 billion yen higher than the previous forecast. This was mainly due to a more efficient sales cost ratio, and use of R&D expenses which led to a reduction in fixed costs. Loss before income taxes is expected to amount to 3.5 billion yen, a 6.5 billion yen improvement over the previous forecast.

Net loss is expected to amount to 18.0 billion yen, 3.0 billion yen worse than the original forecast. This is a result of recording a valuation allowance of approximately 7.0 billion yen for deferred tax assets for a U.S. subsidiary, in addition to the normal tax payments.

Details will be explained in NEC Electronics' announcement of consolidated financial results on May 14, 2008.

Cautionary statements:
1)	The statements in the material above with respect to the plans, strategies and forecasts of NEC Electronics Corporation ("NEC Electronics") are forward-looking statements involving risks and uncertainties. We caution you in advance that actual results could differ materially from such forward-looking statements due to several factors.
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, but the figures for operating income shown above represent net sales minus the cost of sales, research and development, and selling, general and administrative expenses.

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 multi-market solutions for a wide range of customer applications. NEC Electronics Corporation has subsidiaries worldwide including NEC Electronics America, Inc. (www.am.necel.com) and NEC Electronics (Europe) GmbH (www.eu.necel.com). For additional information about NEC Electronics worldwide, visit www.necel.com.

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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