WIXLIB

Ref. Cloud Service Activities / CustomersCloud Cloud services launched by industry Started Ticketless services at theSHIKI THEATRE COMPANY SaaS electronic chart system forsmall hospitals Cloud services for hotels Cloud services that includereservation systems, customermanagement systems, digitalsignage, voice communicationsystems, etc. Cloud services enabled the systemto support "QR code with securityfunctions" Providing cloud services for theasset management system for theSumitomo Life Insurance Company Cloud services for the housingindustry Provide SaaS services withSumitomo Forestry Co, Ltd. Cloud services for financial agencies Provide business systems for lifeinsurance with Sumitomo LifeInformation Systems Co., Ltd.Page 26 NEC Corporation 2010

Ref. Global Business Activities / Customers Enhanced business structure forthe Middle East and Africa Established NECTelecommunication & InformationTechnology Ltd. in Turkey Launched medical solutionsbusiness in China Joint development and sale ofpackage software for the Medicalindustry with ChongqingZhongLian Information IndustryCo., LTD. Won the expansion project for theAPCN2 optical submarine cablesystem PASOLINK selected by SlovenianBroadcaster Won the POS system from theGuangzhou Baiyun InternationalAirport in China Digital signage solutions inKorea Formed digital signage salesalliance with South Korea'sleading distribution company“Shinsegae I&C Co., Ltd.”Page 27Global NEC Corporation 2010

new business Ref. New Business Activities Electrodes for automotive lithiumion batteries are in massproduction Full development of theenvironment and energy businessfocused on automotive batteries Started field trial of transferblocking system for distributedpower with the Chugoku ElectricPower Co., Inc. Started trials of the “LifeTouch”cloud-device with customers(Exhibited at "Interop Tokyo 2010") Android-based cloud devicefeaturing an optimized userinterface for B to B to C services(will be released in this autumn) Testing fundamental smart gridtechnologiesPage 28 NEC Corporation 2010Lightweight7 inch display

Ref. Financial Forecast (Appendix)

1H ForecastFinancial Forecast for 1H by Segment(Billions of Yen)Net SalesOperating Income/Loss2,127.8IT ialInfrastructure rs400.0483.10.2 -1.65.0-13.5166.2362.3OthersIT Services-37.7Eliminations/Unclassifiable expenses309.6-19.5100.0FY09/31HPage 32FY10/31HFY11/31H(Forecast)FY09/31H NEC Corporation 2010FY10/31HFY11/31H(Forecast)* Forecast as of July 28, 2010

1H ForecastSales Change (Year on Year)(Billions of Yen)FY10/3 1HCarrier NetworkIT Services 1.4 ( 0.5%) 2.7 ( 0.7%)Personal Solutions 37.7 ( 10.4%)Deconsolidation ofsemiconductor business1,653.7Platform 8.8 ( 5.3%)Social Infrastructure 5.3 ( 4.1%)FY11/3 1H(Forecast)1,500.0Others-209.6* Forecast as of July 28, 2010Page 33 NEC Corporation 2010

1H ForecastOperating Income/Loss Change (Year on Year)(Billions of Yen)Eliminations/Unclassifiable expenses-2.5FY11/3 1H(Forecast)FY10/3 1H5.0-37.7Deconsolidation ofsemiconductor businessCarrier Network 1.6Platform 9.5SocialInfrastructure 0.3Personal Solutions-4.2IT Services 0.4Page 34Others 37.6* Forecast as of July 28, 2010 NEC Corporation 2010

1H ForecastNet Income/Loss Change (Year on Year)(Billions of Yen)FY11/3 1H(Forecast)FY10/3 1H-43.6Deterioration ofnon-operating loss-36.0-12.8OthersPlatform 37.6 9.5Others-22.3Improvement ofoperating income/loss 42.7Page 35 NEC Corporation 2010* Forecast as of July 28, 2010

Forecast by Segment

ForecastIT Services Business(Billions of Yen)1HFull YearSalesSalesYoYOperating marginratio2.6%2.5%Operating .3 0.7%-7.2%890.0 31HFY10/31HFY11/31H(Forecast)* Forecast as of July 28, 2010Page 37 NEC Corporation 2010

1H ForecastIT Services Business(Billions of Yen) Sales380.0 （ 0.7%） SI Services :Aim to increase sales through the growth of customers’ strategicinvestment accompanied by the economic recovery Outsourcing/Support Services :Aim for a steady increase through deployment of “cloud-orientedservices” and the expansion of SaaS solution menus Operating Income 10.0 （ 0.4） Expect to maintain the same level as the previous year byenhancing cost reductions and project management* Forecast as of July 28, 2010Page 38 NEC Corporation 2010

ForecastPlatform Business(Billions of Yen)1HFull YearSalesSalesOperating marginratio3.0%2.4%YoYOperating 175.0OperatingIncome/Loss -20.4% 5.3%380.0 31HFY11/31H(Forecast)* Forecast as of July 28, 2010Page 39 NEC Corporation 2010

1H ForecastPlatform Business(Billions of Yen) Sales175.0 （ 5.3%） Software :Aim to increase sales by focusing on system integration throughvirtualization and cloud compliant datacenter business Hardware :Expect to remain at the same level as the previous year due to theincrease in IA servers and UNIX servers Enterprise Network :Reduce costs and aim to increase sales by focusing on areas wherecustomers are making investments and providing support for globalbusinessBusiness environment will gradually improve Operating Loss-4.0 （ 9.5） Expect to significantly improve through continued cost reductions* Forecast as of July 28, 2010Page 40 NEC Corporation 2010

ForecastCarrier Network Business(Billions of Yen)Full Year1HSalesSalesYoYOperating margin5.3% ratio6.4%4.5%4.0%396.1Operating ncome 0.5%Operating-22.1％Income * Forecast as of July 28, 2010Page 41 NEC Corporation 2010

1H ForecastCarrier Network Business(Billions of Yen) Sales310.0 ( 0.5%) Expect to maintain the same level as the previous year by providingfor data traffic increases driven by the rapid spread of smart phonesand the increase in mobile subscribers in emerging countries,despite surpassing the peak of NGN investment in Japan. Operating Income14.0( 1.6) Aim to increase by maintaining and strengthening a leanerearnings structure based on the cost reductions that were carriedout last year.* Forecast as of July 28, 2010Page 42 NEC Corporation 2010

ForecastSocial Infrastructure Business(Billions of Yen)1HFull YearSalesSalesOperating marginratio2.2%2.1%YoY6.9%Operating 9.7-0.5%-7.0% FY10/3FY11/3(forecast)* Forecast as of July 28, 2010Page 43 NEC Corporation 2010

1H ForecastSocial Infrastructure Business(Billions of Yen) Sales135.0( 4.1%) Aim to increase sales in the field of social systems such astransportation and fire prevention. Operating Income3.0( 0.3) Aim to increase through the sales improvement and cost reductionsfrom enhanced project management.* Forecast as of July 28, 2010Page 44 NEC Corporation 2010

ForecastPersonal Solutions Business(Billions of Yen)1HFull YearSalesSales2.3%Operating marginratioYoYOperating marginratio 2.6%1.9%1.0% 12.5%-0.4% 10.4%454.4830.0737.7-20.3%400.0362.3Mobile 181.2TerminalsMobile 348.1Terminals 10.1%PC andOthers 500.3 10.6%Operating273.2 Income/Loss205.28.2-1.6FY09/31H-1.7% 35.2%382.0282.5173.0157.1PC ast)-1.6%Operating /3(Forecast)* Forecast as of July 28, 2010Page 45 NEC Corporation 2010

1H ForecastPersonal Solutions Business Sales(Billions of Yen)400.0( 10.4%) Mobile Terminals :Expect to increase due to the integration of the mobile terminal business andthe promotion of new products PC and Others :Following 1Q, expect an increase from products for enterprises (PCs,displays, etc.) and high-value added PCs for consumers Operating Income4.0(-4.2) Expect to decrease due to the development costs for new devices such asLifeTouch and smart phones, despite fixed cost reductions and greaterdevelopment efficiency* Forecast as of July 28, 2010Page 46 NEC Corporation 2010

Full Year ForecastFull Year Forecast by Segment(Billions of Yen)Net SalesOperating Income/Loss4,215.6IT Services933.8-6.250.9IT 40.051.621.77.9 le t)* Forecast as of July 28, 2010Page 47 NEC Corporation 2010

Full Year ForecastSales Change (Year on Year)(Billions of Yen)Carrier Network 42.6 ( 6.8%)Personal Solutions 92.3 ( 12.5%)IT Services 23.7 ( 2.7%)Deconsolidation ofsemiconductor businessFY10/33,583.1Platform 6.3 ( 1.7%)SocialInfrastructure-1.6 (-0.5%)FY11/3(Forecast)3,300.0Others-446.4* Forecast as of July 28, 2010Page 48 NEC Corporation 2010

Operating Income/Loss Change (Year on Year)Eliminations/Unclassifiable expense-12.5Deconsolidation ofsemiconductor businessFull Year Forecast(Billions of Yen)FY11/3(Forecast)100.0Carrier Network 8.7Platform 10.7SocialInfrastructure-6.7Others 48.9FY10/350.9IT Services 2.8PersonalSolutions-2.9* Forecast as of July 28, 2010Page 49 NEC Corporation 2010

Net Income/Loss Change (Year on Year)Full Year Forecast(Billions of Yen)Others 48.9Platform 10.7Carrier Network 8.7Social Infrastructure -6.7Reversal of provision forcontingent loss in theprevious yearDeterioration ofnon-operating loss-28.5Improvement ofoperating income/loss 49.1Decrease of profit on sale of sharesOthers-17.0FY11/3(Forecast)FY10/315.011.4* Forecast as of July 28, 2010Page 50 NEC Corporation 2010

1Q Ref. Financial Position Data(Billions of Yen)End of Mar End of Jun201020102,937.62,510.8-426.8Net Assets931.9843.3-88.6Interest-bearing debt729.5623.1-106.4Shareholder's Equity790.9725.6-65.3Equity ratio(%)26.9%28.9%2.0ptD/E ratio0.920.860.06ptNet D/E ratio0.500.55-0.05ptTotal AssetsPage 51Differencefrom Mar2010 NEC Corporation 2010

1Q Ref. Capital Expenditures and Others(Billions of fferencefromMay 12Capial 33.6111.2-16.8%75.0-32.6%0R&D expenses346.5276.0-20.3%200.0-27.5%0(Billions of Yen)FY10/31Q ActualR&D expenses71.8YoY-21.4%FY11/31Q Actual46.9YoY-34.7%* Forecast as of July 28, 2010Page 52 NEC Corporation 2010

1Q Ref. Overseas sales(Billions of Yen)FY10/3ActualAsiaEuropeOthersTotal1st QuarterFY11/3ActualNet Sales70.938.2To consolidated total （％）9.1%5.7%Net Sales41.024.0To consolidated total （％）5.3%3.6%Net Sales52.052.0To consolidated total （％）6.7%7.8%163.9114.221.1%17.1%Net SalesTo consolidated total （％）YoYMajor countries and regions-46.2%China,Chinese Taipei,India,Singapore and Indonesia-41.4%UK,France,Netherlands,Germany,Italy and Spain-0.1%U.S.A-30.3%* Sales, based on the location of customers, are classified by country or regionPage 53 NEC Corporation 2010

CAUTIONARY STATEMENTS:This material contains forward-looking statements pertaining to strategies, financial targets, technology, products and services,and business performance of NEC Corporation and its consolidated subsidiaries (collectively "NEC"). Written forward-lookingstatements may appear in other documents that NEC files with stock exchanges or regulatory authorities, such as the Directorof the Kanto Finance Bureau, and in reports to shareholders and other communications. NEC is relying on certain safeharbors for forward-looking statements in making these disclosures. Some of the forward-looking statements can be identifiedby the use of forward-looking words such as "believes," "expects," "may," "will," "should," "seeks," "intends," "plans,""estimates," "targets," "aims," or "anticipates," or the negative of those words, or other comparable words or phrases. You canalso identify forward-looking statements by discussions of strategy, beliefs, plans, targets, or intentions. Forward-lookingstatements necessarily depend on currently available assumptions, data, or methods that may be incorrect or imprecise andNEC may not be able to realize the results expected by them. You should not place undue reliance on forward-lookingstatements, which reflect NEC’s analysis and expectations only. Forward-looking statements are not guarantees of futureperformance and involve inherent risks and uncertainties. A number of important factors could cause actual results to differmaterially from those in the forward-looking statements. Among the factors that could cause actual results to differ materiallyfrom such statements include (i) global economic conditions and general economic conditions in NEC’s markets, (ii) fluctuatingdemand for, and competitive pricing pressure on, NEC’s products and services, (iii) NEC’s ability to continue to winacceptance of NEC’s products and services in highly competitive markets, (iv) NEC’s ability to expand into foreign markets,such as China, (v) regulatory change and uncertainty and potential legal liability relating to NEC’s business and operations, (vi)NEC’s ability to restructure, or otherwise adjust, its operations to reflect changing market conditions, (vii) movement ofcurrency exchange rates, particularly the rate between the yen and the U.S. dollar, (viii) the impact of unfavorable conditionsor developments, including share price declines, in the equity markets which may result in losses from devaluation of listedsecurities held by NEC, and (iv) impact of any regulatory action or legal proceeding against NEC. Any forward-lookingstatements speak only as of the date on which they are made. New risks and uncertainties come up from time to time, and it isimpossible for NEC to predict these events or how they may affect NEC. NEC does not undertake any obligation to update orrevise any of the forward-looking statements, whether as a result of new information, future events, or otherwise.The management targets included in this material are not projections, and do not represent management’s current estimatesof future performance. Rather, they represent targets that management will strive to achieve through the successfulimplementation of NEC’s business strategies.Finally, NEC cautions you that the statements made in this material are not an offer of securities for sale. Securities may notbe offered or sold in any jurisdiction in which required registration is absent or an exemption from registration under theapplicable securities laws is not granted.

Financial Results for 1Q for the Fiscal Year Ending March 31, 2011 July 28, 2010 NEC