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NEC was formed as a joint venture between Western Electric Company of the US and two Japanese individuals. Initially, NEC acted as a sales agent for telephone equipment manufactured by Western Electric, but it soon commenced production of similar equipment in Japan.
Today, NEC and its consolidated subsidiaries provide systems, components, services, and integrated solutions for computing and communication applications. NEC’s business is divided into three principal segments – IT Solutions, Network Solutions, and Electron Devices:
IT Solutions – provides systems integration covering a range of IT typified by computer systems, Internetrelated
services, support and software, and also designs, develops, manufactures, and sell computer systems.
Network Solutions - includes network integration services as well as the design, development, manufacture,
and sale of mobile Internet solution systems such as 3G WCDMA mobile communications systems and
broadband systems, which comprise fixed-line communications systems, mainly for enterprises and
communications service providers, and social infrastructure systems such as broadcasting systems.
Electron Devices (Semiconductor Solution) - includes the design, development, manufacture, and sale of
semiconductors, displays, components, and other electron devices mainly to end-product manufacturers.
The company's principal manufacturing facilities are located in Japan, the US, Europe, and Asia, and its products are
marketed by the company throughout the world.
As of March 31, 2005, NEC's shares were held by: Japan Trustee Service Bank Ltd (Trust Account) (5.06%); The
Master Trust Bank of Japan Ltd (Trust Account) (4.25%); The Chase Manhattan Bank of Japan Ltd (Trust Account)
(2.48%); The State Street Bank and Trust Company 505103 (2.47%); Nippon Life Insurance Company (2.13%);
Sumitomo Life Insurance Company (2.13%); The Chase Manhattan Bank NA, London, SL Omnibus Account (1.48%);
NEC Employee Shareholding Association (1.35%); The Dai-ichi Mutual Life Insurance Company (1.27%); Japan Trustee
Service Bank Ltd (The Sumitomo Trust & Banking Co Ltd Retrust Account/Sumitomo Corporation Employee Pension
Trust Account) (1.28%).
