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Himfr.com reports NEC cut this Financal year earnings expection 40%

According to foreign media reports, Japan's largest PC manufacturer NEC, involved in the microchip business losses and network systems is poor this year's earnings would be cut 40 percent of its foreseeable operating profit of 600 billion yen (661 million U.S. dollars) , instead of the previous year in March is expected to reach 1,000 billion yen.

NEC on Thursday, said by telephone sharp drop in orders for network systems and telecommunications capital spending slowdown in the company, its earnings were dropped. Previously, NEC has always been dependent on Japan's largest telephone company Nippon Telegraph and Telephone orders. Similarly, the use of NEC's chip, Nintendo Wii, due to sagging sales, the sharp drop in demand for chips, dealing a severe blow to the NEC revenue.

NEC and Japan's third-largest car manufacturer Nissan Motor Company's battery joint venture company, also announced profits fell 75 percent to 23 billion yen, and are subject to the impact of sales fell 22% from the year-ago profit of 1.3 billion yen, tumbled to the present-quarter net loss of 9.8 billion yen.

NEC president Kaoru Yano told a news conference said after the January to March may be very tough, but how could things difficult to predict. NEC is currently actively seeking to cloud computing at home and abroad to bring new revenue, and plans to increase the fixed costs reduction plan ¥ 20,000,000,000, up to 2,900 billion yen.

According to sources, NEC Corporation since starting in July to consider and mixed through a public offering of securities financing to ¥ 200,000,000,000. NEC and its competitors,
Hitachi and Mitsubishi Electric to inject 200 billion into their troubled chip maker - will be in April merged the two companies NEC Electric and Renesas.