NEC Corp. said on 25 February it will seek to boost group net profit in the fiscal year ending March 2013 to JYP100 billion (USD1.1 billion) – 10 times its JPY10-billion estimate for the current year.
The Tokyo-based computer and network-equipment maker, which called the target "a milestone" in positioning itself as one of the world’s top information and communications-technology companies, plans to achieve the goal by strengthening its established businesses while gaining presence in emerging green-energy markets. These include electric car batteries and next-generation power-distribution networks.
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(Source: The Wall Street Journal Online)