NEC Management

Management criteria checks 3/4

NEC's CEO is Takayuki Morita, appointed in Apr 2021, has a tenure of 7.83 years. total yearly compensation is ¥149.00M, comprised of 50.3% salary and 49.7% bonuses, including company stock and options. directly owns 0.002% of the company’s shares, worth $437.62K. The average tenure of the management team and the board of directors is 3 years and 1.8 years respectively.

Key information

Takayuki Morita

Chief executive officer

JP¥149.0m

Total compensation

CEO salary percentage	50.3%
CEO tenure	3yrs
CEO ownership	0.002%
Management average tenure	3yrs
Board average tenure	1.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Takayuki Morita's remuneration changed compared to NEC's earnings?
Date	Total Compensation	Salary	Company Earnings
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 ($USD945.70K) is below average for companies of similar size in the US market ($USD13.52M).

Compensation vs Earnings: Takayuki's compensation has been consistent with company performance over the past year.

CEO

Takayuki Morita (63 yo)

3yrs

Tenure

JP¥149,000,000

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
Takayuki Morita	President	3yrs	JP¥149.00m	0.0022% ¥ 437.6k
Osamu Fujikawa	Corporate EVP	3.3yrs	no data	0.0016% ¥ 320.9k
Masakazu Yamashina	Corporate Senior EVP & Co-COO	1.3yrs	no data	no data
Kazuhiro Sakai	Corporate Senior EVP & Co-COO	1.3yrs	no data	no data
Motoo Nishihara	Corporate EVP	5yrs	no data	no data
Hiroshi Kodama	Corporate EVP	5.3yrs	no data	no data
Yuko Yamamoto	Corporate SVP	1.3yrs	no data	no data
Mayuko Tatewaki	Corporate SVP and MD of Marketing & Alliance Promotion Division	1.3yrs	no data	no data
Daisuke Horikawa	Corporate EVP	1.3yrs	no data	no data
Yutaka Ukegawa	Corporate EVP & President of Cross-Industry Business Unit	no data	no data	no data
Fumiaki Matsubara	Corporate EVP & Chief Japan Commercial Officer	8yrs	no data	no data
Naoki Yoshida	Corporate SVP & President of DGDF Business Unit	7yrs	no data	no data

3.0yrs

Average Tenure

61yo

Average Age

Experienced Management: NIPN.F's management team is considered experienced (3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Takayuki Morita	President	7.8yrs	JP¥149.00m	0.0022% ¥ 437.6k
Osamu Fujikawa	Corporate EVP	no data	no data	0.0016% ¥ 320.9k
Masashi Oka	Independent Director	1.8yrs	no data	0.00075% ¥ 145.9k
Hajime Matsukura	Corporate Secretary & Director	6.8yrs	no data	0.0027% ¥ 525.1k
Kuniharu Nakamura	Independent Outside Director	4.8yrs	no data	no data
Joji Okada	Independent Outside Director	less than a year	no data	no data
Yoshihito Yamada	Outside Independent Director	less than a year	no data	no data
Christina Linn Ahmadjian	Independent Outside Director	1.8yrs	no data	0.00011% ¥ 21.4k
Takashi Niino	Chairman of the Board	1.8yrs	JP¥150.00m	0.0054% ¥ 1.1m
Harufumi Mochizuki	Independent Outside Director	less than a year	no data	0.00075% ¥ 145.9k
Kyoko Okada	Outside Independent Director	less than a year	no data	no data
Shinobu Obata	Director	less than a year	no data	0.0014% ¥ 262.6k

1.8yrs

Average Tenure

64yo

Average Age

Experienced Board: NIPN.F's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.

NEC Management

Management criteria checks 3/4

Key information

Recent management updates

NEC Corporation, Annual General Meeting, Jun 21, 2024

NEC Corporation, Annual General Meeting, Jun 22, 2022

NEC Corp. Announces Executive Changes

Recent updates

NEC Corporation, Annual General Meeting, Jun 21, 2024

NEC Corporation to Report Fiscal Year 2024 Results on Apr 26, 2024

NEC Reportedly Plans to Cut Stake Japan Aviation Electronics Industry

NEC Corporation to Report Q3, 2024 Results on Jan 30, 2024

Aviat Networks, Inc. (NasdaqGS:AVNW) acquired Wireless Backhaul Business from NEC Corporation (TSE:6701) for $66.4 million.

NEC Corporation to Report Q2, 2024 Results on Oct 30, 2023

NEC Corporation to Report Q1, 2024 Results on Jul 28, 2023

Transgene and NEC Present New Data on TG4050, an Individualized Cancer Vaccine, Showing it Induces Specific Immune Responses against Head and Neck Carcinoma at ASCO 2023

Aviat Networks, Inc. (NasdaqGS:AVNW) entered into an agreement to acquire Wireless Backhaul Business from NEC Corporation (TSE:6701) for $70 million.

NEC Corporation Provides Consolidated Earnings Guidance for the Year Ending March 31, 2023

NEC Corporation to Report Q3, 2023 Results on Jan 30, 2023

NEC Corporation to Report Q2, 2023 Results on Oct 28, 2022

NEC Corporation (TSE:6701) announces an Equity Buyback for 6,700,000 shares, representing 2.46% for ¥30,000 million.

NEC Corporation to Report Q1, 2023 Results on Jul 28, 2022

NEC Corporation (TSE:6701) signed an agreement to acquire Aspire Technology.

ENEOS Corporation acquired electric vehicle charging service business of NEC Corporation from NEC Corporation (TSE:6701).

NEC Corporation, Annual General Meeting, Jun 22, 2022

NEC Corporation to Report Fiscal Year 2022 Results on Apr 28, 2022

NEC Corporation Announces Earnings Forecast for Fiscal Year Ending March 2022

Transgene and NEC Corporation Announce Positive Preliminary Data from Phase I Studies of TG4050, A Novel Individualized Neoantigen Cancer Vaccine

NEC Corporation’s AI Supports Doctors to Detect Neoplasia in Barrett’s Esophagus During Endoscopic Procedures

NEC Corporation Provides Dividend Guidance for the Year Ending March 31, 2022

NEC Corporation Qualifies 24 Fiber Pair Subsea Telecom Cable System

An unknown buyer acquired an unknown stake in Hua Hong Semiconductor Limited (SEHK:1347) from NEC Corporation (TSE:6701).

NEC Corporation Releases “WISE VISION Endoscopy” in Europe and Japan

NEC Corporation to Report Q3, 2021 Results on Jan 29, 2021

NEC Corporation (TSE:6701) completed the acquisition of WP/AV CH Holdings I B.V. from A-family S.à r.l. and WP RR Financial Investments II B.V.

NEC Selected by Telefónica Germany as System Integrator for First Open RAN Pilot in Germany

NEC Corp. Announces Executive Changes

Sharp Corporation (TSE:6753) completed the acquisition of 66% stake in NEC Display Solutions, Ltd. from NEC Corporation (TSE:6701).

NEC Corporation (TSE:6701) agreed to acquire Avaloq group AG from funds managed by Warburg Pincus LLC and founder and employees of Avaloq for CHF 2.1 billion.

Transgene, NEC and BostonGene Announce Strategic Collaboration for Two Ongoing Clinical Trials for Patients with Ovarian and Head & Neck Cancers

NEC Corporation to Report Q2, 2021 Results on Oct 29, 2020

NEC Corporation (TSE:6701) and Nec Management Partner, Ltd. completed the acquisition of 49% stake in Financial Link Company, Limited from Sumitomo Mitsui Banking Corporation.

J-Star No.4 Investment Limited Partnership, a fund managed by J-STAR Co., Ltd., agreed to acquire an unknown stake in Sincere Corporation from the owners of Sincere Corporation and NEC Corporation (TSE:6701).

Nissan Motor Co., Ltd. (TSE:7201) completed the acquisition of remaining 49% stake in Automotive Energy Supply Corporation from NEC Corporation (TSE:6701) and NEC Energy Devices, Ltd.

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age