Full Year Consolidated Financial Results for the Fiscal Year Ended March 31, 2005

I. Consolidated Financial Results

Fiscal Year
Ended March
31, 2005

Fiscal Year
Ended March
31, 2004

Change

Net sales

Operating income

Income before income taxes

Net income

In billions of yen

4,855.1

131.2

115.7

67.9

In billions of yen

4,906.8

182.7

160.5

41.1

-1.1

-28.2

-28.0

+65.2

yen

34.77

31.87

yen

23.67

21.93

11.10

9.94

Total assets

In billions of yen

3,940.7

In billions of yen

4,044.3

-2.6

Number of employees

147,753

143,393

(Notes)

1.	The consolidated financial statements of NEC are prepared in accordance with accounting principles generally accepted in the United States, or U.S. GAAP.
2.	Number of consolidated subsidiaries and affiliated companies accounted for by the equity method is as follows:

As of March 31,
2005

As of March 31,
2004

Consolidated subsidiaries

225

195

Affiliated companies accounted for by the equity method