Market Closed -
Japan Exchange
02:00:00 2024-04-26 am EDT
|
5-day change
|
1st Jan Change
|
10,945
JPY
|
+1.81%
|
|
+1.53%
|
+31.08%
|
Apr. 26 |
Transcript : NEC Corporation, Q4 2024 Earnings Call, Apr 26, 2024
| | Apr. 18 |
SWAT Mobility Japan Co., Ltd. announced that it has received funding from Chubu Electric Power Company, Incorporated, Nippon Express Holdings,Inc., NEC Corporation, The University of Tokyo Edge Capital Partners Co., Ltd.
|
CI
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
973,098
|
1,025,023
|
1,776,673
|
1,403,157
|
1,358,384
|
2,916,375
|
-
|
-
|
Enterprise Value (EV)
1 |
1,241,590
|
1,341,190
|
1,956,184
|
1,552,201
|
1,484,571
|
2,928,366
|
2,841,662
|
2,673,812
|
P/E ratio
|
24.2
x
|
10.2
x
|
11.7
x
|
9.93
x
|
12
x
|
19.6
x
|
18.9
x
|
16.1
x
|
Yield
|
1.07%
|
1.77%
|
1.38%
|
1.94%
|
2.16%
|
1.1%
|
1.24%
|
1.43%
|
Capitalization / Revenue
|
0.33
x
|
0.33
x
|
0.59
x
|
0.47
x
|
0.41
x
|
0.84
x
|
0.87
x
|
0.81
x
|
EV / Revenue
|
0.43
x
|
0.43
x
|
0.65
x
|
0.51
x
|
0.45
x
|
0.84
x
|
0.85
x
|
0.75
x
|
EV / EBITDA
|
7.88
x
|
4.56
x
|
6.09
x
|
4.96
x
|
4.2
x
|
8.05
x
|
6.91
x
|
6.03
x
|
EV / FCF
|
-99.8
x
|
7.09
x
|
12.8
x
|
18.4
x
|
14.5
x
|
19.9
x
|
12.8
x
|
12.8
x
|
FCF Yield
|
-1%
|
14.1%
|
7.79%
|
5.42%
|
6.91%
|
5.04%
|
7.81%
|
7.81%
|
Price to Book
|
1.13
x
|
1.12
x
|
1.36
x
|
0.93
x
|
0.84
x
|
1.53
x
|
1.6
x
|
1.48
x
|
Nbr of stocks (in thousands)
|
259,839
|
259,828
|
272,496
|
272,458
|
266,350
|
266,457
|
-
|
-
|
Reference price
2 |
3,745
|
3,945
|
6,520
|
5,150
|
5,100
|
10,945
|
10,945
|
10,945
|
Announcement Date
|
4/26/19
|
5/12/20
|
5/12/21
|
4/28/22
|
4/28/23
|
4/26/24
|
-
|
-
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
2,913,446
|
3,095,234
|
2,994,023
|
3,014,095
|
3,313,018
|
3,477,262
|
3,333,353
|
3,584,474
|
EBITDA
1 |
157,547
|
293,969
|
321,372
|
313,064
|
353,745
|
379,433
|
411,019
|
443,470
|
EBIT
1 |
58,465
|
127,609
|
153,759
|
132,525
|
170,447
|
188,012
|
229,389
|
267,759
|
Operating Margin
|
2.01%
|
4.12%
|
5.14%
|
4.4%
|
5.14%
|
5.41%
|
6.88%
|
7.47%
|
Earnings before Tax (EBT)
1 |
77,993
|
123,969
|
157,831
|
144,436
|
167,671
|
185,011
|
233,665
|
275,537
|
Net income
1 |
40,195
|
99,967
|
149,606
|
141,277
|
114,500
|
149,521
|
150,774
|
181,657
|
Net margin
|
1.38%
|
3.23%
|
5%
|
4.69%
|
3.46%
|
4.3%
|
4.52%
|
5.07%
|
EPS
2 |
154.8
|
385.0
|
557.2
|
518.5
|
424.5
|
561.2
|
579.1
|
680.5
|
Free Cash Flow
1 |
-12,440
|
189,038
|
152,416
|
84,140
|
102,536
|
153,900
|
222,025
|
208,850
|
FCF margin
|
-0.43%
|
6.11%
|
5.09%
|
2.79%
|
3.09%
|
4.46%
|
6.66%
|
5.83%
|
FCF Conversion (EBITDA)
|
-
|
64.31%
|
47.43%
|
26.88%
|
28.99%
|
40.56%
|
54.02%
|
47.09%
|
FCF Conversion (Net income)
|
-
|
189.1%
|
101.88%
|
59.56%
|
89.55%
|
123.61%
|
147.26%
|
114.97%
|
Dividend per Share
2 |
40.00
|
70.00
|
90.00
|
100.0
|
110.0
|
120.8
|
136.2
|
156.4
|
Announcement Date
|
4/26/19
|
5/12/20
|
5/12/21
|
4/28/22
|
4/28/23
|
4/26/24
|
-
|
-
|
Fiscal Period: März |
2020 S1
|
2020 S2
|
2021 S1
|
2021 S2
|
2022 Q2
|
2022 S1
|
2022 Q3
|
2022 Q4
|
2022 S2
|
2023 Q1
|
2023 Q2
|
2023 S1
|
2023 Q3
|
2023 Q4
|
2023 S2
|
2024 Q1
|
2024 Q2
|
2024 S1
|
2024 Q3
|
2024 Q4
|
2024 S2
|
2025 Q1
|
2025 Q2
|
2025 S1
|
2025 Q3
|
2025 Q4
|
2025 S2
|
---|
Net sales
1 |
1,448,993
|
1,646,241
|
1,315,030
|
1,678,993
|
730,864
|
1,382,805
|
713,551
|
917,739
|
1,631,290
|
659,669
|
795,702
|
1,455,371
|
813,888
|
1,043,759
|
1,857,647
|
706,542
|
842,259
|
1,548,801
|
844,475
|
1,083,986
|
1,928,461
|
684,660
|
815,921
|
-
|
807,000
|
1,037,000
|
-
|
EBITDA
1 |
-
|
-
|
-
|
-
|
59,890
|
-
|
69,818
|
136,746
|
-
|
28,862
|
74,836
|
-
|
91,594
|
158,453
|
-
|
37,930
|
83,239
|
-
|
90,027
|
159,832
|
-
|
50,791
|
103,430
|
-
|
-
|
-
|
-
|
EBIT
1 |
46,856
|
80,753
|
19,973
|
133,786
|
22,072
|
23,205
|
24,057
|
85,263
|
109,320
|
-15,341
|
29,208
|
13,867
|
43,232
|
113,348
|
156,580
|
-8,125
|
36,120
|
27,995
|
41,820
|
118,197
|
160,017
|
-837.5
|
41,618
|
34,000
|
41,333
|
141,667
|
191,000
|
Operating Margin
|
3.23%
|
4.91%
|
1.52%
|
7.97%
|
3.02%
|
1.68%
|
3.37%
|
9.29%
|
6.7%
|
-2.33%
|
3.67%
|
0.95%
|
5.31%
|
10.86%
|
8.43%
|
-1.15%
|
4.29%
|
1.81%
|
4.95%
|
10.9%
|
8.3%
|
-0.12%
|
5.1%
|
-
|
5.12%
|
13.66%
|
-
|
Earnings before Tax (EBT)
1 |
46,115
|
77,854
|
19,363
|
138,468
|
22,814
|
25,758
|
23,327
|
95,351
|
118,678
|
-6,647
|
30,758
|
24,111
|
33,492
|
110,068
|
143,560
|
-2,463
|
34,440
|
31,977
|
36,177
|
116,857
|
153,034
|
7,000
|
29,000
|
36,000
|
31,000
|
158,000
|
189,000
|
Net income
1 |
29,162
|
70,805
|
11,008
|
138,598
|
13,116
|
13,342
|
11,591
|
116,344
|
127,935
|
-13,862
|
17,835
|
3,973
|
22,396
|
88,131
|
110,527
|
-7,388
|
20,302
|
12,914
|
21,126
|
115,481
|
136,607
|
-2,918
|
25,261
|
21,157
|
20,718
|
119,778
|
140,497
|
Net margin
|
2.01%
|
4.3%
|
0.84%
|
8.25%
|
1.79%
|
0.96%
|
1.62%
|
12.68%
|
7.84%
|
-2.1%
|
2.24%
|
0.27%
|
2.75%
|
8.44%
|
5.95%
|
-1.05%
|
2.41%
|
0.83%
|
2.5%
|
10.65%
|
7.08%
|
-0.43%
|
3.1%
|
-
|
2.57%
|
11.55%
|
-
|
EPS
2 |
112.3
|
272.7
|
41.53
|
515.6
|
48.14
|
48.97
|
42.54
|
427.0
|
469.6
|
-50.88
|
65.48
|
14.60
|
82.82
|
327.1
|
409.9
|
-27.74
|
76.22
|
48.48
|
79.30
|
433.5
|
512.8
|
-10.95
|
94.80
|
79.40
|
77.80
|
449.5
|
527.3
|
Dividend per Share
2 |
30.00
|
40.00
|
40.00
|
50.00
|
50.00
|
50.00
|
-
|
50.00
|
50.00
|
-
|
55.00
|
55.00
|
-
|
55.00
|
55.00
|
-
|
60.00
|
60.00
|
-
|
60.00
|
60.00
|
-
|
65.00
|
65.00
|
-
|
65.00
|
65.00
|
Announcement Date
|
10/29/19
|
5/12/20
|
10/29/20
|
5/12/21
|
10/29/21
|
10/29/21
|
1/31/22
|
4/28/22
|
4/28/22
|
7/28/22
|
10/28/22
|
10/28/22
|
1/30/23
|
4/28/23
|
4/28/23
|
7/28/23
|
10/30/23
|
10/30/23
|
1/30/24
|
4/26/24
|
4/26/24
|
-
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: März |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
268,492
|
316,167
|
179,511
|
149,044
|
126,187
|
139,758
|
-
|
-
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
74,713
|
242,563
|
Leverage (Debt/EBITDA)
|
1.704
x
|
1.076
x
|
0.5586
x
|
0.4761
x
|
0.3567
x
|
0.3683
x
|
-
|
-
|
Free Cash Flow
1 |
-12,440
|
189,038
|
152,416
|
84,140
|
102,536
|
153,900
|
222,025
|
208,850
|
ROE (net income / shareholders' equity)
|
4.6%
|
11.3%
|
13.5%
|
10%
|
7.3%
|
8.4%
|
8.58%
|
9.4%
|
ROA (Net income/ Total Assets)
|
2.7%
|
4.08%
|
4.65%
|
3.89%
|
4.33%
|
4.51%
|
4.15%
|
4.82%
|
Assets
1 |
1,487,349
|
2,448,953
|
3,218,939
|
3,633,892
|
2,644,739
|
3,318,184
|
3,636,324
|
3,772,199
|
Book Value Per Share
2 |
3,310
|
3,508
|
4,801
|
5,555
|
6,097
|
7,189
|
6,856
|
7,392
|
Cash Flow per Share
2 |
536.0
|
1,026
|
1,181
|
1,181
|
1,104
|
1,266
|
1,265
|
1,335
|
Capex
1 |
48,929
|
72,825
|
70,936
|
71,106
|
77,714
|
85,600
|
77,600
|
80,000
|
Capex / Sales
|
1.68%
|
2.35%
|
2.37%
|
2.36%
|
2.35%
|
2.48%
|
2.33%
|
2.23%
|
Announcement Date
|
4/26/19
|
5/12/20
|
5/12/21
|
4/28/22
|
4/28/23
|
4/26/24
|
-
|
-
|
Last Close Price
10,945
JPY Average target price
11,533
JPY Spread / Average Target +5.38% Consensus |
1st Jan change
|
Capi.
|
---|
| +31.08% | 18.53B | | -12.23% | 194B | | +0.74% | 166B | | +2.19% | 153B | | +4.34% | 99.85B | | +7.04% | 77.56B | | +19.09% | 73.55B | | -7.30% | 71B | | -20.54% | 52.81B | | +0.53% | 47.86B |
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