OREANDA-NEWS. NEC Corporation resolved at its Board of Directors meeting today to transfer all shares of NEC BIGLOBE, Ltd. to a special-purpose company invested in by Japan Industrial Partners - Investment Limited Partnership and others, for which Japan Industrial Partners, Inc. manages, operates and provides information. As a result, NEC expects to record the following non-operating income and extraordinary income for the fiscal year ending Mach 31, 2014.

NEC expects to record non-operating income of approximately 4.8 billion yen from income on dividends as well as extraordinary income of approximately 34 billion yen on gain on sales of subsidiaries and affiliates' stocks on its non-consolidated financial statements. NEC also expects to record extraordinary income of approximately 27 billion yen on gain on sales of subsidiaries and affiliates' stocks on its consolidated financial statements.

The consolidated financial forecasts for the fiscal year ending March 31, 2014 are currently under review, including the influence of this matter. NEC will promptly disclose any modifications as necessary.