Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Friday, 20 July 2018, 16:31 HKT/SGT
Share:
    

Source: NEC Corporation
NEC to Revise Operating Segments

TOKYO, July 20, 2018 - (JCN Newswire) - NEC Corporation (TSE: 6701) announced earlier this year a shift to a new organization structure effective as of April 1, 2018. In line with these structural changes, NEC's operating segments will be revised as of its consolidated financial results for the first quarter of the fiscal year ending March 31, 2019, being announced on July 31, 2018.

Major Revisions

1. Establishment of "Global" segment

To accelerate the growth of global business, NEC incorporated business divisions that are primarily tasked with expanding in global markets into the Global Business Unit effective April 1, 2018. This makes it possible to centralize business responsibilities and management authority, resulting in improved speed, concentrated investment in core businesses, and reduced costs. In line with this move, the Global Business Unit, which was previously included under the "Others", has been transferred to a newly established "Global" segment. The business divisions incorporated into the "Global" segment include those responsible for the software and service business for service providers throughout the world, the wireless solutions business, and the submarine systems business, which were previously included under the "Telecom Carrier" segment; the global unified communications business and the display solutions business, which were previously included under the "System Platform" segment; and the energy business, which was previously included under the "Others".

2. Renaming of "Telecom Carrier" segment

Additionally, in response to the continuing diversification of network needs as the IoT and 5G era approaches, NEC renamed its Telecom Carrier Business Unit to Network Services Business Unit effective April 1, 2018. This move was made in an effort to leverage the network strengths and capabilities cultivated in the telecom carrier market across to other industry sectors, including service providers, manufacturers, distribution and service industries, and governments. In line with this, the "Telecom Carrier" segment has been renamed "Network Services" segment.

Please refer to the below for more details:
https://www.nec.com/en/press/201807/images/2001-01-01.pdf


About NEC Corporation

NEC Corporation is a leader in the integration of IT and network technologies that benefit businesses and people around the world. The NEC Group globally provides "Solutions for Society" that promote the safety, security efficiency and fairness 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, visit NEC at https://www.nec.com.

Contact:
NEC
Seiichiro Toda        
s-toda@cj.jp.nec.com
+81-3-3798-6511


July 20, 2018 16:31 HKT/SGT
Source: NEC Corporation

NEC Corporation (TSE: 6701)

Topic: Press release summary
Sectors: Enterprise IT
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2018 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.


NEC Corporation Links

http://www.nec.com

https://www.facebook.com/nec.global/

https://twitter.com/NEC_corp

https://www.youtube.com/user/NECglobalOfficial

https://www.linkedin.com/company/nec/

NEC Corporation
Aug 3, 2018 16:18 HKT/SGT
NEC's Transfer of Lithium Ion Battery Business
Aug 2, 2018 10:04 HKT/SGT
NEC: Northgate Public Services Acquires i2N Ltd to Expand its Justice Offering
Aug 1, 2018 08:38 HKT/SGT
NEC Enhances Traffic Management Solution for 5G
July 23, 2018 15:34 HKT/SGT
NEC Provides Demo System Utilizing MEC to DOCOMO 5G Open Lab Yotsuya
July 17, 2018 10:29 HKT/SGT
NEC and dotData Use AI to Accelerate Data Science for the SMBC Group
July 12, 2018 10:46 HKT/SGT
BSNL Selects NEC to Build Submarine Cable System between Chennai and the Andaman & Nicobar Islands
July 10, 2018 17:38 HKT/SGT
NEC Extends Upgrade of NSW Police Microwave Radio Network
July 9, 2018 13:35 HKT/SGT
NEC to build the Bay to Bay Express Cable System
July 5, 2018 18:17 HKT/SGT
Neoenergia Group Implements Energy Storage System in Fernando de Noronha Using NEC Technology
July 3, 2018 10:17 HKT/SGT
Murcia City, Spain, and NEC Jointly Establish an Innovation Center to Develop Smart City Solutions
More news >>
 News Alerts
Copyright © 2018 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 10 8405 3688 | Hong Kong: +852 2217 2912 | Singapore: +65 6304 8926 | Tokyo: +81 3 6721 7212

Connect With us: