Retail in Asia

In Shops

NEC aims to grow net 10-fold

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.

To view the full article (note: you must be a Wall Street Journal Online subscriber), visit The Wall Street Journal Online.

(Source: The Wall Street Journal Online)