NEC

NEC Corporation

The NEC Supertower in Minato, Tokyo, Japan, the headquarters of NEC
Native name	日本電気株式会社
Romanized name	Nippon Denki kabushiki gaisha
Company type	Public KK
Traded as	TYO: 6701
Industry	Information technology Electronics
Founded	July 17, 1899; 125 years ago (1899-07-17) Tokyo, Japan
Headquarters	5-7-2, Shiba, Minato, Tokyo , Japan
Area served	Worldwide
Key people	Nobuhiro Endo (Chairman) Takashi Niino (President)
Products	Telecommunications equipment Servers Consumer electronics Domestic appliances Lighting
Revenue	¥2.91 trillion (2019)[1]
Operating income	¥58.5 billion (2019)[1]
Net income	¥40.2 billion (2019)[1]
Total assets	¥2.95 trillion (2019)[1]
Total equity	¥1.06 trillion (2019)[1]
Number of employees	109,390 (2019)[1]
Subsidiaries	NEC Corporation of America, NEC Europe
Website	www.nec.com

NEC Corporation (日本電気株式会社, Nippon Denki Kabushiki-gaisha) is a Japanese multinational provider of information technology (IT) services and products. It is headquartered in Minato, Tokyo, Japan.^[2] It provides IT and network solutions to businesses, communications services providers and to government agencies. It has also been the biggest PC seller in Japan since the 1980s. The company was known as the Nippon Electric Company, Limited, before rebranding in 1983 as NEC.

NEC was the world's fourth biggest PC manufacturer by 1990.^[3] Its NEC Semiconductors business unit was the global semiconductor sales leader between 1985 and 1990, the second largest in 1995, one of the top three in 2000, and one of the top 10 in 2006.^[4] It was still one of the top 20 semiconductor sales leaders before merging with Renesas Electronics. NEC is a member of the Sumitomo Group.

NEC was #463 on the 2017 Fortune 500 list.^[5]

1. ↑ ^{1.0 1.1 1.2 1.3 1.4 1.5} "Full Year Consolidated Financial Results for the Fiscal Year Ended March 31, 2019" (PDF). October 1, 2018.
2. ↑ "Corporate Profile." NEC. Retrieved on July 12, 2010.
3. ↑ Fransman, Martin (1995). Japan's Computer and Communications Industry: The Evolution of Industrial Giants and Global Competitiveness. Oxford University Press. p. 17. ISBN 9780198233336.
4. ↑ "Tracking the Top 10 Semiconductor Sales Leaders Over 26 Years". Semiconductor Market Research. IC Insights. December 12, 2011.
5. ↑ "NEC Financials and News". fortune.com. Archived from the original on 2017-06-24. Retrieved 2019-07-23. NEC is #463 on the 2017 Fortune 500 list.