NEC Management
Management criteria checks 1/4
NEC's CEO is Takayuki Morita, appointed in Apr 2021, has a tenure of 5.08 years. total yearly compensation is ¥287.00M, comprised of 33.1% salary and 66.9% bonuses, including company stock and options. directly owns 0.004% of the company’s shares, worth ¥219.96M. The average tenure of the management team and the board of directors is 0.1 years and 2.9 years respectively.
Key information
Takayuki Morita
Chief executive officer
JP¥287.0m
Total compensation
| CEO salary percentage | 33.10% |
| CEO tenure | 5.1yrs |
| CEO ownership | 0.004% |
| Management average tenure | less than a year |
| Board average tenure | 2.9yrs |
Recent management updates
Recent updates
6701: Physical AI Venture And Share Repurchases Will Support Future Upside
Analysts have trimmed their price expectations for NEC, with the updated target now set below the previous ¥5,000 level as they factor in a slightly higher discount rate, more modest revenue growth assumptions, and only a small change in projected profit margins and future P/E. What's in the News SoftBank, NEC, Sony and Honda agreed to form a new company focused on “physical AI,” pointing to potential collaboration opportunities across telecoms, electronics and automotive (Nikkei reports, Periodicals).Results: NEC Corporation Exceeded Expectations And The Consensus Has Updated Its Estimates
May 01
6701: Share Repurchases And Physical AI Collaboration Will Support A Higher Share Price
Analysts have kept NEC's fair value price target steady at ¥5,000. Small shifts in the assumed discount rate, revenue growth, profit margin, and future P/E have led only to a minor recalibration of their valuation framework rather than a change in the headline target.
6701: Share Repurchase And Higher Margins Will Support Stronger Future Upside
Analysts have lifted their price target on NEC from ¥5,450 to about ¥7,981, noting updates in their models that reflect the latest assumptions for fair value, discount rate, revenue growth, profit margins and future P/E expectations. What's in the News NEC completed a share repurchase of 6,800,000 shares, representing 0.51% of its issued share capital, for ¥27,292.83 million between February 9, 2026 and March 24, 2026, under the buyback announced on February 9, 2026 (Key Developments).6701: Share Repurchases And Earnings Guidance Will Support A Higher Share Price
Analysts have maintained their fair value estimate for NEC at ¥5,000, while making modest adjustments to assumptions for the discount rate, revenue growth, profit margin and future P/E. This has resulted in a stable price target supported by slightly updated expectations for the company's risk profile and earnings power.
6701: Share Buyback And Earnings Outlook Will Support A Stronger Future
Analysts have revised their price target on NEC to ¥6,362.5 from ¥6,050, reflecting updated assumptions on fair value, discount rate, revenue growth, profit margin and future P/E. What's in the News NEC has announced a share repurchase program of up to 6,800,000 shares, or 0.51% of issued shares excluding treasury stock, with a total purchase value of ¥30,000m, running through March 31, 2026 (company announcement).6701: Share Repurchases And Earnings Guidance Will Support A Higher Share Price
Narrative Update on NEC Analysts have kept their NEC price target broadly steady around ¥5,000, with small tweaks to inputs such as discount rate, revenue growth, profit margin, and forward P/E to reflect updated assumptions rather than a major change in view. What’s in the News Board of Directors authorizes a share repurchase plan, with NEC planning to buy back up to 6,800,000 shares, about 0.51% of issued shares excluding treasury stock, for up to ¥30,000m through March 31, 2026.The Price Is Right For NEC Corporation (TSE:6701) Even After Diving 31%
Feb 136701: Cloud Partnerships And Earnings Outlook Will Support A Higher Share Price
Analysts have modestly adjusted their price target for NEC to $5,000. This reflects small tweaks to assumptions for fair value, discount rate, revenue growth, profit margin and future P/E multiples.6701: Future CSG Acquisition And Cloud Expansion Will Elevate Shareholder Risk
Analysts have nudged their price target for NEC slightly higher to $5,015.05 from $5,000, citing updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E as the key drivers of the change. What's in the News KDDI plans to deploy Netcracker Digital Commerce & Monetization, with NEC acting as the prime system integrator to support next generation mediation, resource utilization, and more flexible in house development for telecom operations (Client announcement).NEC (TSE:6701) Is Doing The Right Things To Multiply Its Share Price
Jan 206701: Future CSG Acquisition Will Raise Risk For Current Shareholders
Analysts have lifted their price target for NEC to about ¥5,000, reflecting updated assumptions for revenue, profit margins and a slightly higher future P/E multiple. What's in the News NEC set consolidated earnings guidance for the year ending March 31, 2026, with expected revenue of ¥3,420b.6701: Future Cloud Expansion And Merger Execution Will Shape Balanced Outlook
Analysts have raised their price target for NEC from ¥5,860 to ¥6,050. This reflects slightly higher assumed revenue growth, modestly improved profit margins, and a marginally richer future P E multiple despite a small uptick in the discount rate.6701: Earnings and Merger Activity Will Guide Future Market Performance
Analysts have raised their fair value estimate for NEC from ¥5,445 to ¥5,860, citing modest improvements in profit margin expectations and future earnings multiples, even though revenue growth projections are slightly lower. What's in the News Broadcom announced plans to expand its strategic partnership with NEC Corporation, adopting VMware Cloud Foundation to modernize private cloud solutions and offer flexible hybrid cloud resources to customers (Client Announcements).6701: Earnings Outlook and Acquisition Activity Will Shape Market Direction
Analysts have raised their price target for NEC from ¥5,000 to ¥5,445. They cite improvements in revenue growth and profit margin expectations as key factors supporting the upward revision.Subdued Growth No Barrier To NEC Corporation (TSE:6701) With Shares Advancing 25%
Nov 026701: Upcoming Acquisition And Declining P/E Will Weigh On Future Value
Analysts have raised their price target for NEC from ¥4,845 to ¥5,000, citing incremental improvements in profit margin and lower discount rate assumptions. What's in the News NEC Corporation's board will meet on October 29, 2025, to consider and resolve the acquisition of CSG Systems International, Inc.Earnings Beat: NEC Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
Oct 31Digital Transformation And AI Will Unlock Future Value
Narrative Update on NEC: Analyst Price Target Revision Analysts have maintained their price target for NEC at ¥4,845, citing only marginal improvements in discount rate and future P/E assumptions as the basis for sustaining their valuation. Valuation Changes Consensus Analyst Price Target remains unchanged at ¥4,845.Digital Transformation And AI Will Unlock Future Value
Analysts have raised their price target for NEC from $4,781.82 to $4,845.45. They cited improved revenue growth and profit margin expectations as the key drivers for the upward revision.A Look At The Fair Value Of NEC Corporation (TSE:6701)
Sep 29Digital Transformation And AI Will Unlock Future Value
NEC's fair value was revised marginally upward to ¥4,782, as consensus revenue growth and future P/E forecasts remained essentially unchanged. Valuation Changes Summary of Valuation Changes for NEC The Consensus Analyst Price Target remained effectively unchanged, moving only marginally from ¥4700 to ¥4782.Digital Transformation And AI Will Unlock Future Value
Upward revisions to NEC's consensus revenue growth forecast and a modest increase in future P/E expectations have led analysts to raise their fair value price target from ¥4,428 to ¥4,582. Valuation Changes Summary of Valuation Changes for NEC The Consensus Analyst Price Target has risen slightly from ¥4428 to ¥4582.Investors Interested In NEC Corporation's (TSE:6701) Earnings
Aug 15Results: NEC Corporation Exceeded Expectations And The Consensus Has Updated Its Estimates
Jul 31NEC (TSE:6701) Could Easily Take On More Debt
Jul 25NEC (TSE:6701) Is Experiencing Growth In Returns On Capital
Jun 20Market Participants Recognise NEC Corporation's (TSE:6701) Earnings Pushing Shares 31% Higher
May 07
BluStellar And AI Innovations Propel Revenue Growth And Transform IT Services
NEC's strategic reorganization and acquisitions position it to boost IT services for municipalities, offering potential for revenue growth and operational efficiencies.CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2026 | n/a | n/a | JP¥270b |
| Dec 31 2025 | n/a | n/a | JP¥246b |
| Sep 30 2025 | n/a | n/a | JP¥235b |
| Jun 30 2025 | n/a | n/a | JP¥200b |
| Mar 31 2025 | JP¥287m | JP¥95m | JP¥175b |
| Dec 31 2024 | n/a | n/a | JP¥187b |
| Sep 30 2024 | n/a | n/a | JP¥150b |
| Jun 30 2024 | n/a | n/a | JP¥151b |
| Mar 31 2024 | JP¥204m | JP¥85m | JP¥150b |
| Dec 31 2023 | n/a | n/a | JP¥122b |
| Sep 30 2023 | n/a | n/a | JP¥123b |
| Jun 30 2023 | n/a | n/a | JP¥121b |
| Mar 31 2023 | JP¥149m | JP¥75m | JP¥115b |
| Dec 31 2022 | n/a | n/a | JP¥143b |
| Sep 30 2022 | n/a | n/a | JP¥132b |
| Jun 30 2022 | n/a | n/a | JP¥127b |
| Mar 31 2022 | JP¥125m | JP¥75m | JP¥141b |
Compensation vs Market: Takayuki's total compensation ($USD1.82M) is about average for companies of similar size in the JP market ($USD1.44M).
Compensation vs Earnings: Takayuki's compensation has increased by more than 20% in the past year.
CEO
Takayuki Morita (65 yo)
5.1yrs
Tenure
JP¥287,000,000
Compensation
Mr. Takayuki Morita serves as President and Chief Executive Officer at NEC Corporation since April 1, 2021. Mr. Morita served as Chief Financial Officer at NEC Corp. since June 25, 2018 until April 1, 2021...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.1yrs | JP¥287.00m | 0.0041% ¥ 220.0m | |
| Chief Technology | less than a year | JP¥101.00m | no data | |
| Representative Executive Officer | less than a year | no data | no data | |
| Executive Officer | less than a year | no data | 0.0029% ¥ 152.5m | |
| Executive Officer | less than a year | no data | no data | |
| Executive Officer | less than a year | no data | no data | |
| Chief Investment Officer | 1.9yrs | no data | no data | |
| Corporate SVP | 2.9yrs | no data | no data | |
| Corporate Senior VP and Chief Risk & Compliance Officer | 1.1yrs | no data | no data | |
| Corporate SVP and MD of Marketing & Alliance Promotion Division | 3.3yrs | no data | no data | |
| Executive Officer | less than a year | no data | 0.000020% ¥ 1.1m | |
| Executive Officer | less than a year | no data | no data |
0.08yrs
Average Tenure
59.5yo
Average Age
Experienced Management: 6701's management team is not considered experienced ( 0.1 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 9.9yrs | JP¥287.00m | 0.0041% ¥ 220.0m | |
| Executive Officer | no data | no data | 0.0029% ¥ 152.5m | |
| Independent Director | 3.9yrs | no data | 0.00075% ¥ 40.1m | |
| Independent Outside Director | 2.9yrs | no data | 0.00014% ¥ 7.5m | |
| Outside Independent Director | 2.9yrs | no data | no data | |
| Chairman of the Board | 3.9yrs | JP¥208.00m | 0.0077% ¥ 413.7m | |
| Independent Outside Director | 1.9yrs | no data | 0.00038% ¥ 20.3m | |
| Independent Outside Director | less than a year | no data | no data | |
| Independent Outside Director | less than a year | no data | no data | |
| Independent Outside Director | 2.9yrs | no data | 0.00075% ¥ 40.1m | |
| Audit & Supervisory Board Member | no data | no data | no data | |
| Vice Chairperson & Executive Officer | less than a year | no data | no data |
2.9yrs
Average Tenure
65yo
Average Age
Experienced Board: 6701's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/06 05:23 |
| End of Day Share Price | 2026/05/01 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2026/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
NEC Corporation is covered by 21 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Yuki Kaneko | BofA Global Research |
| Masahiro Shibano | Citigroup Inc |
| Hideo Noda | CLSA |