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NEC Corp (NIPNF)
:NIPNF
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Earnings Data
Report Date
Jan 30, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
0.88Last Year’s EPS
0.51Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2018
|% Change Since: -11.19%
|Next Earnings Date:Jul 31, 2018
Earnings Call Sentiment|Positive
The earnings call presented a generally positive outlook with increases in revenue and profit and strong performance in IT Services and international business. However, there were setbacks in telecom services and the finance sector, which tempered the overall positive sentiment.Company Guidance
In the earnings call for the second quarter of fiscal year ending March 2025, Motoo Nishihara provided a comprehensive overview of NEC Corporation's financial performance. Revenue reached JPY 1,486.7 billion, and non-GAAP operating profit (OP) was JPY 64.8 billion, reflecting a year-on-year increase of 3.5% in revenue and a JPY 25.2 billion rise in non-GAAP OP, excluding the effects of the JAE deconsolidation. The IT Services and Social Infrastructure segments reported positive revenue and profit growth, whereas the Others segment experienced a decline due to JAE's deconsolidation. The call highlighted a 17% increase in domestic IT Services bookings, with significant growth in sectors such as public (38%), manufacturing (11%), and retail (14%). Internationally, the DGDF business achieved 89% progress towards its annual revenue target. The call also covered strategic initiatives, including the commencement of a tender offer for NEC Networks to bolster IT services for local governments and SMEs, and highlighted the 40% growth in BluStellar product orders, emphasizing NEC's focus on leveraging AI and security products to enhance profitability.Revenue and Profit Increase
Revenue was JPY 1,486.7 billion and non-GAAP OP was JPY 64.8 billion. Excluding the effect of JAE, both revenue and profit increased year-on-year, with revenue up 3.5% and non-GAAP OP up by JPY 25.2 billion.
IT Services Growth
IT Services showed a favorable trend, both in Japan and overseas. Adjusted OP increased year-on-year due to higher sales in Japan and profit improvement at Avaloq and other overseas entities.
Strong Booking in Domestic IT Services
Total bookings increased by 17% compared to the same period last year. Public sector bookings were up 38%, enterprise up 2%, manufacturing up 11%, and retail and services up 14%.
International Business Progress
DGDF progress against the annual revenue target is at 89%, compared to 87% last year, indicating strong performance.
BluStellar Orders Increase
Orders for BluStellar products increased by about 40% from the previous fiscal year, driven by large-scale projects in the public sector and high-profit AI and security projects.
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NIPNF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NIPNF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | $87.69 | $77.68 | -11.42% |
| Jul 30, 2024 | $83.66 | $84.79 | +1.35% |
| Apr 26, 2024 | $68.54 | $69.67 | +1.65% |
| Jan 30, 2024 | $62.16 | $60.88 | -2.06% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does NEC Corp (NIPNF) report earnings?
NEC Corp (NIPNF) is schdueled to report earning on Jan 30, 2025, TBA Not Confirmed.
What is NEC Corp (NIPNF) earnings time?
NEC Corp (NIPNF) earnings time is at Jan 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NIPNF EPS forecast?
NIPNF EPS forecast for the fiscal quarter 2025 (Q3) is 0.88.
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