NEC Corporation (NIPNF)

NEC Corporation Income Statement

Financials in millions JPY. Fiscal year is April - March.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Revenue	3,506,534	3,423,431	3,477,262	3,313,018	3,014,095	2,994,023
Revenue Growth (YoY)	2.68%	-1.55%	4.96%	9.92%	0.67%	-3.27%
Cost of Revenue	2,380,151	2,362,875	2,471,404	2,354,770	2,127,682	2,132,840
Gross Profit	1,126,383	1,060,556	1,005,858	958,248	886,413	861,183
Selling, General & Admin	775,471	777,424	814,013	793,700	762,970	731,691
Other Operating Expenses	20,538	26,635	3,833	-5,899	-9,082	15
Operating Expenses	796,009	804,059	817,846	787,801	753,888	731,706
Operating Income	330,374	256,497	188,012	170,447	132,525	129,477
Interest Expense	-9,656	-9,464	-12,152	-8,001	-8,032	-8,527
Interest & Investment Income	11,259	9,640	8,920	6,979	5,806	5,199
Earnings From Equity Investments	3,350	-10,103	5,267	3,949	5,384	4,994
Currency Exchange Gain (Loss)	-2,860	-2,860	-2,596	-4,158	2,019	758
Other Non Operating Income (Expenses)	-3,939	-3,939	-2,440	2,185	-3,004	-1,717
EBT Excluding Unusual Items	328,528	239,771	185,011	171,401	134,698	130,184
Merger & Restructuring Charges	-	-	-	-	-	-1,298
Gain (Loss) on Sale of Investments	-	-	-	-3,730	9,738	3,365
Gain (Loss) on Sale of Assets	-	-	-	-	-	23,969
Asset Writedown	-	-	-	-	-	-3,162
Pretax Income	328,528	239,771	185,011	167,671	144,436	157,831
Income Tax Expense	85,098	55,107	20,259	36,155	-12,267	-4,035
Earnings From Continuing Operations	243,430	184,664	164,752	131,516	156,703	161,866
Minority Interest in Earnings	-8,877	-9,481	-15,231	-17,016	-15,426	-12,260
Net Income	234,553	175,183	149,521	114,500	141,277	149,606
Net Income to Common	234,553	175,183	149,521	114,500	141,277	149,606
Net Income Growth	56.30%	17.16%	30.59%	-18.95%	-5.57%	49.66%
Shares Outstanding (Basic)	1,333	1,332	1,332	1,349	1,362	1,343
Shares Outstanding (Diluted)	1,333	1,332	1,332	1,349	1,362	1,343
Shares Change (YoY)	0.02%	0.02%	-1.23%	-1.00%	1.47%	3.41%
EPS (Basic)	176.02	131.50	112.25	84.90	103.71	111.44
EPS (Diluted)	176.02	131.49	112.25	84.90	103.71	111.44
EPS Growth	56.27%	17.14%	32.21%	-18.14%	-6.93%	44.72%
Free Cash Flow	365,266	217,998	196,052	95,736	90,568	215,600
Free Cash Flow Per Share	274.12	163.63	147.18	70.99	66.48	160.59
Dividend Per Share	30.000	28.000	24.000	22.000	20.000	18.000
Dividend Growth	-21.05%	16.67%	9.09%	10.00%	11.11%	28.57%
Gross Margin	32.12%	30.98%	28.93%	28.92%	29.41%	28.76%
Operating Margin	9.42%	7.49%	5.41%	5.15%	4.40%	4.32%
Profit Margin	6.69%	5.12%	4.30%	3.46%	4.69%	5.00%
Free Cash Flow Margin	10.42%	6.37%	5.64%	2.89%	3.00%	7.20%
EBITDA	486,400	414,934	375,712	353,745	313,064	189,871
EBITDA Margin	13.87%	12.12%	10.80%	10.68%	10.39%	6.34%
D&A For EBITDA	156,026	158,437	187,700	183,298	180,539	60,394
EBIT	330,374	256,497	188,012	170,447	132,525	129,477
EBIT Margin	9.42%	7.49%	5.41%	5.15%	4.40%	4.32%
Effective Tax Rate	25.90%	22.98%	10.95%	21.56%	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.