TOKYO, July 21, 2017 - (JCN Newswire) - NEC Corporation (TSE: 6701) announced earlier this year a shift to a new organization structure effective as of April 1, 2017. In line with these structural changes, NEC's business segments will be revised as of its consolidated financial results for the first quarter of the fiscal year ending March 31, 2018, being announced on July 31, 2017.
1. Regional sales functions within Japan (Branch divisions and branch offices)
Effective April 1, 2017, NEC established a Public Solutions Business Unit, which handles business involving regional sales functions and regional public entities in Japan, as well as a Public Infrastructure Business Unit, which handles business involving government agencies and companies supporting national and social infrastructures, to reinforce its customer- and market-focused business structure. This enables NEC to expand its new business and further improve the quality and speed of regional proposals in Japan. In accordance with the establishment of these new business units, regional sales functions within Japan previously included under the "Others" segment have been transferred to the "Public" segment. The Public segment is composed of the Public Solutions Business Unit and the Public Infrastructure Business Unit.
2. Business involving financial institutions
Also effective April 1, 2017, NEC transferred business involving financial institutions that previously belonged to the Public Business Unit to the Enterprise Business Unit, which is responsible for the company's manufacturing, retail and service businesses. This move is aimed at enhancing NEC's lineup of financial settlement and other solutions and boosting investment efficiency by reinforcing collaborations with the retail and service industries in the area of FinTech. In accordance with this transfer, business involving financial institutions previously included under the "Public" segment has been transferred to the "Enterprise" segment.
*In addition to the above reorganization, part of the Business Innovation Unit has been transferred to each segment. In accordance with this, part of the costs previously included under "Adjustment" have been transferred to each segment. Moreover, supervising divisions of some NEC Group companies have also been changed.
About NEC Corporation
NEC Corporation is a leader in the integration of IT and network technologies that benefit businesses and people around the world. By providing a combination of products and solutions that cross utilize the company's experience and global resources, NEC's advanced technologies meet the complex and ever-changing needs of its customers. NEC brings more than 100 years of expertise in technological innovation to empower people, businesses and society. For more information, visit NEC at http://www.nec.com.
Based on its Mid-term Management Plan 2015, the NEC Group globally provides "Solutions for Society" that promote the safety, security, efficiency and equality of society. Under the company's corporate message of "Orchestrating a brighter world," NEC aims to help solve a wide range of challenging issues and to create new social value for the changing world of tomorrow. For more information, please visit http://www.nec.com/en/global/about/solutionsforsociety/message.html.
July 21, 2017 18:36 HKT/SGT
Source: NEC Corporation
NEC Corporation (TSE: 6701)
Topic: Press release summary
Sectors: Enterprise IT
From the Asia Corporate News Network
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