6701.T - NEC Corporation

Tokyo - Tokyo Delayed Price. Currency in JPY
4,800.00
-90.00 (-1.84%)
At close: 3:15PM JST
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Previous Close4,890.00
Open4,785.00
Bid4,800.00 x 0
Ask4,810.00 x 0
Day's Range4,760.00 - 4,830.00
52 Week Range3,640.00 - 5,180.00
Volume991,600
Avg. Volume1,199,609
Market Cap1.247T
Beta (5Y Monthly)0.72
PE Ratio (TTM)15.25
EPS (TTM)314.77
Earnings DateApr 24, 2020 - Apr 28, 2020
Forward Dividend & Yield60.00 (1.23%)
Ex-Dividend DateMar 30, 2020
1y Target Est3,210.00
  • Thomson Reuters StreetEvents

    Edited Transcript of 6701.T earnings conference call or presentation 29-Jan-20 8:30am GMT

    Q3 2020 NEC Corp Earnings Presentation

  • Japanese Rock Star Yoshiki Is Investing in Cloud Computing
    Bloomberg

    Japanese Rock Star Yoshiki Is Investing in Cloud Computing

    (Bloomberg) -- Japanese rock star Yoshiki and software giant Salesforce.com Inc. are backing cloud consulting firm Uhuru Corp. in its next fundraising round, a person familiar with the plans said.Tokyo-based Uhuru is planning to raise 15 million pounds ($20 million) to 20 million pounds, the person said, asking not to be identified because the plans are confidential. Salesforce, which currently holds 4.7%, and Yoshiki will be minority holders after the funding round, the person said.Uhuru had planned to list on London’s Alternative Investment Market last year, but backed off after uncertainty over the U.K.’s plans to leave the European Union dampened interest in new issues. The company specializes in “digital transformation,” helping construct networks as well as offering data analytics, consulting and marketing services.@YoshikiOfficial in a club in Tokyo. Japan is full of surprises. pic.twitter.com/wG5RW4G5i7— Marc Benioff (@Benioff) April 11, 2019 Yoshiki, a classical pianist and leader of the rock band X Japan, is friendly with Salesforce co-founder Marc Benioff, who has tweeted clips of the two singing karaoke in Tokyo in April. Yoshiki, who’s been performing for more than 30 years, has played at the Lollapalooza and Coachella music festivals and at Carnegie Hall in New York.No final decisions have been made and the backers could still decide against investing. Representatives for Uhuru, Yoshiki and Salesforce declined to comment.The company lists its main shareholders as including SoftBank Group Corp., Dentsu Group Inc., NEC Corp. and Salesforce on its website. It generated $35 million in revenue in 2018, according to the Financial Times.\--With assistance from Nico Grant.To contact the reporter on this story: David Hellier in London at dhellier@bloomberg.netTo contact the editors responsible for this story: Aaron Kirchfeld at akirchfeld@bloomberg.net, Amy Thomson, Michael HythaFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Cops Spying on Londoners’ Faces Sparks Human Rights Concerns
    Bloomberg

    Cops Spying on Londoners’ Faces Sparks Human Rights Concerns

    (Bloomberg) -- Londoners on their morning commute or evening stroll will be scanned as police deploy live facial-recognition cameras around the city, an effort that human-rights groups say is a “dangerous and sinister step.”The technology will focus on people in specific parts of the city where offenders are most likely to be caught, the Metropolitan Police said Friday. Each system will have its own “watch list” made up of images of criminals wanted for serious and violent offenses.Facial-recognition is an emerging technology that has been heavily criticized by human-rights groups and regulators for its intrusion on privacy. In 2018, the European Union introduced data protection laws in a bid to crack-down on how citizens’ data is collected and used.British human-rights group Liberty condemned the decision by police as a “sinister step” which will push the U.K. into a surveillance state. The group called for the ban of the technology in September after losing a legal fight over its use in Wales, branding it a “dystopian technology” that infringes on democracy.“This is a dangerous, oppressive and completely unjustified move,” Clare Collier, advocacy director at Liberty, said in a statement. “Facial-recognition technology gives the state unprecedented power to track and monitor any one of us, destroying our privacy and our free expression.”“Rolling out an oppressive mass surveillance tool that has been rejected by democracies and embraced by oppressive regimes is a dangerous and sinister step,” she said.Facial-recognition and artificial intelligence was a hot topic this week at the World Economic Forum in Davos, Switzerland. Alphabet Inc.’s Chief Executive Officer Sundar Pichai said it can be used for good, such as finding missing people, but also could have “negative consequences,” such as mass surveillance.He called for a global framework, similar to the Paris climate accord, to ensure such technology is developed responsibly.The U.K.’s data regulator, which warned the technology could risk violating privacy laws, said it’s received assurances that the authorities are taking steps to reduce intrusion and comply with data-protection legislation. The system used by in London is made by NEC Corp., the police said.“This is an important new technology with potentially significant privacy implications for U.K. citizens,” the Information Commissioner’s Office said Friday in a statement. “We reiterate our call for government to introduce a statutory and binding code of practice for LFR as a matter of priority.”The cameras will be signposted and officers will hand out leaflets about the activity at each site, the Met police said. The cameras may also help to locate missing children or vulnerable adults, it said.(Updates with comments from Liberty, Google CEO from fourth paragraph.)To contact the reporter on this story: Ellen Milligan in London at emilligan11@bloomberg.netTo contact the editors responsible for this story: Anthony Aarons at aaarons@bloomberg.net, Christopher Elser, Amy ThomsonFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Reuters

    Foreigners swap bets on Japan's stock index for select shares

    Foreign investors are dumping derivatives contracts on Japan's TOPIX equity index but buying up individual, select company shares in a trade investors and analysts say is a vote of confidence in the earnings potential of companies. Investors outside Japan net sold TOPIX futures last week at the fastest pace in almost four months and turned net buyers of cash equities for the first time in three weeks. Active investment managers are likely paring bets on gains in the broader TOPIX index, which includes many small illiquid companies, and instead investing in companies in the Nikkei 225 with better liquidity that will benefit from a pickup in global semiconductor demand, investors and analysts said.

  • Business Wire

    Transgene and NEC Start Two Clinical Trials with TG4050, an AI-Powered Cancer Vaccine for Ovarian and Head & Neck Cancers

    Transgene (Euronext Paris: TNG), a biotech company that designs and develops virus-based immunotherapies for the treatment of cancer, and NEC Corporation (NEC; TOKYO: 6701), a leader in IT and network technologies, today announced that the first patients have been enrolled in the first-in-human trials evaluating TG4050, a therapeutic vaccine based on the myvac™ technology and powered by NEC’s cutting-edge AI capabilities. In these Phase 1 trials, TG4050 is being administered to patients with head and neck cancer who have a high risk of relapse after surgery and patients with ovarian cancer after surgery and adjuvant therapy. Transgene’s highly innovative myvac™ technology allows the generation of a virus-based immunotherapy within a very short time frame while encoding patient-specific mutations identified and selected by NEC’s Neoantigen Prediction System.

  • D-Wave partners with NEC to build hybrid HPC and quantum apps
    TechCrunch

    D-Wave partners with NEC to build hybrid HPC and quantum apps

    D-Wave Systems announced a partnership with Japanese industrial giant NEC today to build what they call "hybrid apps and services" that work on a combination of NEC high-performance computers and D-Wave's quantum systems. D-Wave’s chief product officer and EVP of R&D, Alan Baratz, whom the company announced this week will be taking over as CEO effective January 1st, says the company has been able to do a lot of business in Japan, and the size of this deal could help push the technology further. First of all, NEC and D-Wave will come together to develop hybrid services that combine NEC’s supercomputers and other classical systems with D-Wave’s quantum technology.

  • Reuters

    Quantum computer firm D-Wave says NEC to invest in it, help build software

    SAN FRANCISCO/TOKYO (Reuters) - D-Wave Systems, a Canadian quantum computer firm backed by billionaire Jeff Bezos, Wall Street titan Goldman Sachs and others, said Japan's NEC Corp will invest in it as part of a fundraising round and will also help it develop software. Dan Cohrs, chief financial officer at D-Wave, told Reuters on Tuesday NEC has committed to investing $10 million in the fundraising round which could close in January. Bezos Expeditions, Amazon CEO Jeff Bezos' personal investment fund, In-Q-Tel, the Central Intelligence Agency's venture capital firm, Fidelity Investments, and Goldman are among D-Wave's investors.

  • Thomson Reuters StreetEvents

    Edited Transcript of 6701.T earnings conference call or presentation 29-Oct-19 9:15am GMT

    Q2 2020 NEC Corp Earnings Presentation

  • Thomson Reuters StreetEvents

    Edited Transcript of 6701.T earnings conference call or presentation 31-Jul-19 8:15am GMT

    Q1 2020 NEC Corp Earnings Presentation

  • Bloomberg

    How an Obscure Rubber Company Became a Linchpin of Tech Industry

    (Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. When Japan decided to step up its fight with South Korea last month, it dug deep into the supply chain to impose sanctions on three obscure materials made by a handful of Japanese companies few have ever heard of.The most powerful weapon in Tokyo’s campaign against its neighbor turned out to be a half-dozen or so niche firms with names like JSR Corp., Shin-Etsu Chemical Co. and Tokyo Ohka Kogyo Co. They make fluorinated polyimide, hydrogen fluoride and photo-resist: essential ingredients for the manufacture of the displays and semiconductors that go into every piece of modern consumer electronics, from Apple Inc. iPhones and Dell Technologies Inc. laptops to the full range of Samsung Electronics Co. devices. Japan prohibited the export of those materials, allowing an exception only if suppliers secure a license and renew that license regularly.How did they become so indispensable? And how did they manage to stay on top even after their Japanese clients ceded the chip and display markets to Taiwanese and South Korean rivals? The answer lies in a series of well-timed investments decades ago, combined with a willingness to explore foreign markets and an unceasing refinement of manufacturing standards too exacting for anyone else to try and match.“JSR is an interesting case in that they became big in photo-resists because they succeeded overseas first,” said Damian Thong, an analyst at Macquarie Group Ltd. “And much of this success was because of the strategy of one man — Mitsunobu Koshiba.”The JSR chairman’s story shows just how hard it would be for a newcomer to fill the shoes of one of these suppliers. Koshiba spearheaded the company’s pivot into photo-resists, a light-sensitive liquid used to imprint circuits as narrow as a few strands of DNA onto silicon wafers in a process called lithography. Gadgets keep getting slimmer, more powerful and cheaper because chip companies are able to etch ever smaller circuit patterns onto silicon. When it comes to the most advanced chip processes, JSR is one of the few that can deliver the goods.When 25-year-old Koshiba joined JSR in 1981, the company’s biggest business was still tire rubber. (The name is an abbreviation of Japan Synthetic Rubber.) As luck would have it, photo-resist at that time used resins that JSR had access to for its existing business, and the company saw an opportunity to break into a new growth industry. Japanese semiconductor makers were just beginning their rise to global dominance, and suppliers were positioning themselves to go along for the ride.The problem for JSR was it didn’t belong to any of the local keiretsu, a grouping of suppliers that receives preferential access to contracts. And the company was also up against Tokyo Ohka or TOK, the first in Japan to manufacture photo-resist. By the mid-1980s, TOK controlled as much as 90% of the domestic market.“As a neutral company without keiretsu affiliations, we had to look outside Japan,” Koshiba said in an interview, outlining JSR’s decades-long rise but declining to talk in detail about sensitive trade negotiations now underway between Tokyo and Seoul.JSR’s decision to get into that market was bold but Koshiba seemed like the right person for the job. He’d spent two years studying materials science at the University of Wisconsin-Madison on a Rotary Club scholarship, was one of the few English speakers at the company and was eager to work abroad. In 1990, JSR sent him to Belgium to set up a photo-resist joint venture with the country’s biopharmaceutical giant UCB SA. The goal was to target the American market.As timing would have it, JSR was going overseas just as Japan was approaching the peak of its semiconductor prowess. That same year, NEC Corp., Toshiba Corp. and Hitachi Ltd. were the world’s biggest chipmakers, pushing aside Intel Corp. and Texas Instruments Inc. Japanese firms occupied six spots in the industry’s top 10 ranking by revenue, a level of concentration that hasn’t been matched by any country since, according to IC Insights.Japan’s seemingly unshakable control of the computer memory market gave the country renewed national confidence. The mood was reflected in the book “The Japan That Can Say No,” in which right-wing politician Shintaro Ishihara and Sony Corp. co-founder Akio Morita argued for a more muscular foreign policy. In an eerie echo of recent events, the authors contended that the Japanese government had the power to determine the outcome of the Cold War just by directing its national companies to sell the chips used in intercontinental ballistic missiles (ICBMs) to the Soviets instead of the U.S.But the Cold War ended before that theory could be tested. Over the following decade, personal computers overtook ICBMs as the primary destination for chips and demand shifted to prioritize low unit costs over military-spec quality. By 2006, Samsung had risen to No. 2 on the list of the world’s biggest chipmakers, with Korean compatriot SK Hynix Inc. ranking seventh and only three Japanese names remaining among the top 10.For JSR, the turning point came in 2000. Koshiba, who was based in California at that time, recalls being dragged into an emergency meeting on a Sunday wearing a T-shirt and shorts. Word was a rival company was about to clinch an agreement with IBM for joint research on a next-generation photo-resist material. “Get it back,” he was told. Koshiba leaned on the network of American industry contacts he had spent a decade building, people who had known him through the worst of U.S.-Japanese trade tensions. Within a month, IBM signed with JSR.“Without that deal, we wouldn’t have gotten to No. 1,” Koshiba said.In lithography, the formula for shrinking transistors has only two levers: increase the light power or use a lens that lets more light through. Every time the chip process shifts to a higher-energy band of light, resist makers have to go back to the drawing board, opening up new opportunity. The research partnership with IBM ushered in the fourth such shift since integrated circuits replaced vacuum tubes in the 1970s, and JSR rode it all the way to the top.The company now commands about 40% of the market for the latest generation of resist used in mass production. It also supplies more than 30% of the photo-resist for 3D NAND, the most advanced flash memory chips, which are among the few product lines where Japan still competes with Korean rivals. In 2019, JSR is expected to generate about three times the revenue and five times the profit it did in the early ‘90s.What makes this business inaccessible to newcomers is the extreme degree of purity and quality demanded by customers. TOK says a single drop of coffee in two Olympic-sized swimming pools would be considered an unacceptable defect. JSR’s analogy is to a handful of tainted golf balls being enough to spoil a batch the size of the entire Japanese archipelago.In addition to being technically challenging, the markets these companies operate in are small and don’t promise fantastic growth. According to research firm Fuji Keizai Group, the industry’s sales rose just shy of 8% last year to $1.3 billion. Koshiba jokes that even the market for ramen noodles is bigger than that.“To recreate JSR, you basically need to spend as much as they did in the past 20 years on R&D and relationships, and also rebuild their reputation,” Macquarie’s Thong said. “These materials are used in such moderate quantities that to rebuild the whole infrastructure is probably not worth the investment.”And that’s the irony of the current situation. By stoking trade tensions, Japan may encourage its neighbor to subsidize competition to JSR and TOK that wouldn’t make sense under normal market conditions. It’s a matter of survival: Korean corporations now depend on Japan for over 90% of all the fluorinated polyimide and resists they need, and 44% of hydrogen fluoride requirements, Societe Generale estimates.Read more: Japan Grants South Korea Export License, Lessening Trade FearsFor the time being, JSR and TOK retain dominance over one prized material that keeps the consumer electronics industry ticking. According to South Korean Prime Minister Lee Nak-yon, Japan has approved exports of photo-resist for the next-generation of lithography currently under development by Samsung and Taiwan Semiconductor Manufacturing Co. But one of Japan’s last strongholds of tech industry domination may be under threat.“They have the engineers, and once national pride is involved they can possibly make it even if it loses money,” Koshiba said. “We don’t have an impregnable wall.”\--With assistance from Jason Clenfield.To contact the reporters on this story: Pavel Alpeyev in Tokyo at palpeyev@bloomberg.net;Yuki Furukawa in Tokyo at yfurukawa13@bloomberg.netTo contact the editors responsible for this story: Peter Elstrom at pelstrom@bloomberg.net, Vlad Savov, Edwin ChanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Benzinga

    Flying Cars Are Japan's Newest Transport Fantasy

    In Japan, a flying car floated in the air for about a minute, within a caged demonstration zone in suburban Tokyo – the first of many to come in a country that is now determined to become a leader in the passenger flying car industry. In many ways, the flying car bears an uncanny resemblance to a drone rather than a car, courtesy its four overgrown drone-like propellers. In its first public demonstration, the flying car was directed to rise above the ground roughly about 10 feet, but without a passenger inside the cab.

  • Reuters

    Japanese flying car hovers for a minute during test flight

    About the size of an autorickshaw and equipped with four horizontal propellers, the drone-like prototype reached a height of 3 meters (10 feet) during the test in Chiba, east of Tokyo, on Monday. The flying car is designed to make deliveries on unmanned flights, NEC officials said. The Japanese government aims to start commercializing flying vehicles from around 2023, beginning with the transport of goods, and expanding to moving people closer to 2030.

  • New Japanese Flying Car Gets Off the Ground, for About a Minute
    Bloomberg

    New Japanese Flying Car Gets Off the Ground, for About a Minute

    (Bloomberg) -- It was caged and only hovered for about a minute, but it flew: a new flying car.Made by NEC Corp., the vehicle is essentially a large drone with four propellers that’s capable of carrying people. The Japanese electronics maker demonstrated the machine, flying without a passenger, at a Tokyo suburb on Monday. Powered by a battery, it rose briefly to about 3 meters (10 ft.) above the ground before settling down again.Behind the somewhat underwhelming, drama-free demonstration lies a bigger ambition: Japan’s government wants the country to become a leader in flying cars after missing out on advancements in technology such as electric cars and ride-hailing services. The country’s technological roadmap calls for shipping goods by flying cars by around 2023 and letting people ride in flying cars in cities by the 2030s.“Japan is a densely populated country and that means flying cars could greatly alleviate the burden on road traffic,” said Kouji Okada, a leader of the project at NEC. “We are positioning ourselves as an enabler for air mobility, providing location data and building communications infrastructure for flying cars.”For the past few years, Japan has seen the emergence of a small, passionate flying-car community that believes Japan has the engineering expertise and right environment to foster a global flying car industry. Venture capitalists in the country set up a specialized fund, known as the Drone Fund, devoted to investing in autonomous aircraft in general and flying-car businesses in particular.Although Monday’s demo is among the first by a major Japanese corporation, NEC isn’t planning to mass-produce the flying car, according to Okada. Instead project partner Cartivator will start mass producing the transportation machine in 2026, according to the startup’s co-founder, Tomohiro Fukuzawa.NEC engineers and Cartivator, which it sponsors, spent about a year developing the model. It’s about 3.9 meters long, 3.7 meters wide and 1.3 meters tall, and weighs about 150 kilograms. It’s being tested in a large 10-meter-by-20-meter cage that’s 2 meters tall, to make sure it doesn’t fly out of control and injure someone, or cause damage.Japan isn’t the only country seeking to usher in a flying-car utopia; Dubai, Singapore, and New Zealand have expressed similar intentions. Google co-founder Larry Page’s Kitty Hawk Corp. is also working on a flying car, as is Uber Technologies Inc.Eventually, NEC’s flying car will be set free: Cartivator has been granted a permit for outdoor flights by Japanese government.To contact the reporter on this story: Ma Jie in Tokyo at jma124@bloomberg.netTo contact the editors responsible for this story: Young-Sam Cho at ycho2@bloomberg.net, Reed StevensonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Reuters

    Chile to study trans-Pacific cable to connect South America with Asia

    Chile on Friday took a step toward building the first fiber-optic cable to directly connect South America and Asia, a project that has piqued the interest of China's Huawei and Japan's NEC. The Transportation and Telecommunications ministry said it signed a $3 million agreement with the Development Bank of Latin America (CAF) to finance a feasibility study for the approximately 24,000-km (15,000-mile) trans-Pacific cable. Chile will begin accepting bids for the study next week.

  • GlobeNewswire

    Altair Signs Reseller Agreement with NEC for PBS Professional™

    TROY, Mich., June 17, 2019 -- Altair (Nasdaq: ALTR), a global technology company providing solutions in product development, high-performance computing and data intelligence,.

  • PR Newswire

    NEC and Aviat sign channel partner agreement for North America microwave business

    TOKYO and MILPITAS, Calif. , June 10, 2019 /PRNewswire/ -- NEC Corporation (NEC; TSE: 6701) and Aviat Networks, Inc. (NASDAQ: AVNW) today announced an agreement under which the North American sales channel ...

  • Business Wire

    Gavi, NEC, and Simprints to Deploy World’s First Scalable Child Fingerprint Identification Solution to Boost Immunization in Developing Countries

    Gavi, the Vaccine Alliance, NEC Corporation, and Simprints Technology Ltd. have signed a memorandum of understanding on the use of biometrics to improve immunization coverage in developing countries. Despite enormous progress over the past two decades, there are still approximately 20 million children (*1) who do not receive a basic course of vaccines worldwide, leaving them exposed to some of the world’s deadliest diseases. One key cause is the fact that only half of all children under 5 in sub-Saharan Africa are currently registered at birth, leaving many without an official identity.

  • Reuters

    Amazon shareholders reject facial recognition ban as concern grows in U.S. Congress

    Amazon.com Inc said shareholders rejected proposals to curb and audit its facial recognition service on Wednesday, just as members of Congress indicated there was bipartisan support to one day regulate the technology. In the past year Amazon has found itself at the center of a growing debate over the use of facial recognition by governments, with critics warning of false matches and arrests and proponents arguing it keeps the public safe. Law enforcement in Oregon and Florida have used Amazon's face and image ID service, known as Rekognition.

  • Reuters

    Nikkei edges up, 1Q GDP data beat f'cast but underlying picture still weak

    Japan's Nikkei share average edged higher on Monday as growth in the nation's economy unexpectedly accelerated in the first quarter, although market gains were limited as the data also pointed towards ...

  • Thomson Reuters StreetEvents

    Edited Transcript of 6701.T earnings conference call or presentation 26-Apr-19 9:15am GMT

    Full Year 2019 NEC Corp Earnings Presentation

  • Business Wire

    Biomedical Software Startup BostonGene Secures $50M in Series A Financing from NEC

    TSE: 6701) and BostonGene Corporation (BostonGene), a Boston, Mass-based biomedical software company, today announced a US$50M series A strategic investment in BostonGene by NEC. BostonGene, a pioneer in the use of biomedical software for advanced patient analysis, has discovered, developed, and patented a holistic approach to cancer treatment by defining the optimal therapy combination for individual patients, with a particular focus on immuno- and targeted therapies. Genome and transcriptome sequencing methods to create a patient’s molecular profile.