OREANDA-NEWS. The NEC Group recorded consolidated net sales of 640.1 billion yen for the three months ended June 30, 2013, an increase of 8.6 billion yen (1.4%) year-on-year.

This increase was mainly due to increased sales from the Public business and the Enterprise business. Regarding profitability, operating income (loss) worsened by 13.9 billion yen year-on-year, to an operating loss of 21.8 billion yen, mainly due to decreased profit from increased investment expenses in growth areas, in addition to decreased sales in the Telecom Carrier business and Others.

In terms of ordinary income (loss), the NEC Group recorded a loss of 28.2 billion yen, declining by 16.0 billion yen year-on-year, mainly due to the worsening of operating income (loss).

Income (loss) before income taxes and minority interests was a loss of 10.6 billion yen, a year-on-year improvement of 3.9 billion yen. This was primarily due to gain on sales of subsidiaries and affiliates' stocks, despite worsened ordinary income (loss).

Net income (loss) for the first quarter was a loss of 21.5 billion yen, a year-on-year worsening of 3.6 billion yen.