Latest Tokyo Brief coverage on NEC Corporation, tracking filings, financial news, and market signals from Japan.
TSE:6701
NEC's newly consolidated CSG added ¥81.3bn of revenue and ¥5.9bn of interim profit, against ¥394.4bn of goodwill, and the group raised its Non-GAAP profit guide to ¥460bn while forecasting minus ¥90bn of free cash flow.
NEC agreed to skip SK-03's ¥1,650 tender offer for CE Holdings and wait for a cheaper company buyback, and that forced the bidder to lower its minimum acceptance threshold by 1.2mn shares to 3,768,300.
Tokyo's communications ministry is taking comment until September 8 on rules that would add earth-observation and space-research satellites to the interference checklist for high-altitude base stations, on top of existing rocket-launch coordination duties.
Current holdings disclosed by tracked funds.