NEC Corporation
Financial Performance
NEC Revenue & Financials
Revenue
~$24B (FY2026)
Market Cap
$40.2B
Net Income
~$1.8B
Employees
101,800
What is NEC's revenue?
NEC had ~$24B in revenue for fiscal year 2026, up 4.7% from 2025. Net income was ~$1.8B.
- Latest revenue
- ~$24B (FY2026)
- Year-over-year
- +4.7%
- Growth rate (CAGR)
- 4.4% over 4 years
- Peak revenue
- ~$24B (FY2026)
- Years of data
- 5
- Employees
- 101,800
- How much profit does NEC make?
- NEC reported net income of ~$1.8B for fiscal year 2026. stockanalysis.com
- How many employees does NEC have?
- NEC has about 101,800 employees.
Financial Analysis
NEC's numbers show a company trading revenue for margin. Revenue moved from ~$20.2 billion (3,014.1 billion yen) in FY22/3 to ~$24 billion (3,582.7 billion yen) in FY26/3, but the bigger change was profitability: FY26/3 adjusted operating profit reached ~$2.59 billion (386.8 billion yen) (10.8% margin, up 2.4 points), net profit attributable to owners was ~$1.81 billion (270.2 billion yen), and non-GAAP net profit was ~$1.87 billion (279.8 billion yen), a record under IFRS. Momentum carried into FY27/3: first-quarter revenue rose 14.5% to ~$5.49 billion (819.8 billion yen), net profit was ~$333 million (49.7 billion yen), and NEC raised full-year guidance to ~$23.7 billion (3,540 billion yen) revenue and ~$2.88 billion (430 billion yen) adjusted operating profit. NEC Corporation is a colossal Japanese multinational information technology and electronics company, maintaining a robust market valuation typically over $20 billion.
Revenue Trend Analysis
YoY Change
+4.7%
4-Year CAGR
+4.4%
Peak Year
2026
Trend
Consistent Growth
NEC Corporation has 5 full fiscal year figures on this page, compounding at +4.4% annually over 4 years. The most recent year saw a 4.7% increase versus the prior year. Annual revenue peaked in fiscal year 2026 at ~$24B. Of 4 comparable year-over-year steps, 3 showed growth and 1 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change | Source |
|---|---|---|---|---|
| FY2026 | ~$24B | ~$1.8B | +4.7% | NEC Corporation (TYO:6701) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2026-03-31. |
| FY2025 | ~$22.9B | ~$1.2B | -1.5% | NEC Corporation (TYO:6701) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2025-03-31. |
| FY2024 | ~$23.3B | ~$1B | +5.0% | NEC Corporation (TYO:6701) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2024-03-31. |
| FY2023 | ~$22.2B | ~$767.1M | +9.9% | NEC Corporation (TYO:6701) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2023-03-31. |
| FY2022 | ~$20.2B | ~$946.6M | — | NEC Corporation (TYO:6701) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2022-03-31. |
Click any row to see year details.
Keep researching NEC
NEC Revenue and Financial FAQ
What was NEC Corporation's total consolidated revenue and operating profit in recent years?
For FY26/3 (year ended March 31, 2026), NEC reported revenue of ~$24 billion (3,582.7 billion yen), adjusted operating profit of ~$2.59 billion (386.8 billion yen) (10.8% margin) and net profit attributable to owners of ~$1.81 billion (270.2 billion yen). In FY25/3 revenue was ~$22.9 billion (3,423.4 billion yen) and net profit ~$1.17 billion (175.2 billion yen).
What is the revenue breakdown across NEC's operational business segments?
In FY26/3 IT Services contributed ~$16.8 billion (2,508.9 billion yen) (about 70% of revenue), Social Infrastructure ~$6.27 billion (935.3 billion yen) (about 26%), and Others ~$928 million (138.5 billion yen) (about 4%). NEC announced a further segment revision in July 2026.
What is NEC Corporation's operating profit margin target under its Mid-Term Plan?
Under its Mid-Term Management Plan 2025, NEC targets an operating profit margin of 9% to 10% and an adjusted EBITDA margin above 12%, driven by core software monetization, digital government SaaS, and structural cost optimizations.
How much does NEC Corporation invest annually in Research and Development (R&D)?
NEC invests over 110 billion to 130 billion JPY ($750M-$900M+ USD) annually into R&D (roughly 3.5% to 4% of total revenue), concentrating research on generative AI (cotomi), biometric security, quantum computing, and 6G wireless communication.
What is NEC Corporation's return on equity (ROE) and capital efficiency?
NEC has steadily improved its Return on Equity (ROE) to 10% to 12%+, through disciplined portfolio management, divestment of non-core hardware assets, and expansion in recurring software-as-a-service earnings.
What is NEC's free cash flow generation and balance sheet leverage?
NEC maintains healthy annual operating cash flow of 200 billion to 250+ billion JPY, a conservative net debt-to-equity ratio, and an investment-grade credit rating from international agencies (such as S&P 'BBB+' and R&I 'A').
What is NEC's dividend policy and total shareholder return framework?
NEC targets a consolidated dividend payout ratio of around 30% to 40%, accompanied by opportunistic share repurchases to enhance shareholder value and capital efficiency.
What is the financial contribution of NEC's European software subsidiaries (Avaloq and KMD)?
Avaloq and KMD contribute over 250 billion JPY in high-margin international software and recurring IT services revenue, significantly increasing NEC's offshore software revenue ratio.
How stable are NEC's financials compared to consumer tech companies?
NEC generates over ¥3.4 trillion (~$22B+) in annual revenue, insulated from consumer electronics volatility because the vast majority of its contracts come from long-term public sector digitization, telecom network infrastructure, and aerospace defense agreements with the Japanese government and Fortune 500 corporations.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "NEC Revenue & Financials." CorpDigest, https://corpdigest.com/company/nec/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>NEC reported ~$24B in revenue (FY2026).</strong><br>Source: <a href="https://corpdigest.com/company/nec/financials" target="_blank" rel="noopener">CorpDigest — NEC financials</a></div>Related Financial Audits
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