Q2 2024 NEC Networks & System Integration Corp Earnings Presentation Transcript

Mar 13, 2024

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Oct 30, 2023 / NTS GMT
Presentation
Oct 30, 2023 / NTS GMT

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Corporate Participants
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* Yushi Ushijima
NEC Networks & System Integration Corporation - President, CEO & Representative Director

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Yushi Ushijima - NEC Networks & System Integration Corporation - President, CEO & Representative Director

I am Ushijima, President and CEO of the company. Thank you for joining the financial results briefing for the first half of the fiscal year ending March 2024. Let me start by taking you through our results for the first half of the year.

This is a summary of our first half earnings. It was an uphill battle up to the first quarter, but recovery started from the second quarter with the first half earnings as shown in the slide. Orders received was up 11% year-over-year at JPY 191.2 billion. The telecom and carrier markets remained tough with cutbacks on spending, and there were shifts in investment timing from the first half to the third quarter. But the growth in manufacturing and public utility business

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