Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k)

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 6-K

 

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of November 2020

Commission File Number 000-12713

 

 

NEC Corporation

(Translation of registrant’s name into English)

 

 

7-1, Shiba 5-chome

Minato-ku, Tokyo 108-8001

Japan

(Address of principal executive office)

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F  ☒    Form 40-F  ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):  ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):  ☐

 

 

 

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Date:		November 30, 2020
NEC Corporation
By:		/s/ Tetsuo Mukunoki
Name:		Tetsuo Mukunoki
Title:		General Manager, Legal Division

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NEC announces executive personnel changes

TOKYO, November 30, 2020 – NEC Corporation (NEC; TSE: 6701) today announced the following executive personnel changes. The changes were approved at the meeting of the Board of Directors on November 30, 2020 and will become effective as of April 1, 2021.

 

Name and Current Title		New Appointment
Takashi Niino, President and CEO (Representative Director)		Vice Chairman of the Board (Representative Director)
Takayuki Morita, Senior Executive Vice President, CFO (Chief Financial Officer) and Member of the Board (Representative Director)		President and CEO (Representative Director)

 

Brief biography of the newly appointed Vice Chairman of the Board

 

Name		Takashi Niino (Date of Birth: September 8, 1954)
Education		March 1977		Graduated from Faculty of Engineering, Kyoto University
Business Career		April 1977   April 2004   April 2005   April 2006   April 2008   August 2008   April 2010   June 2011   July 2011   April 2012        April 2016		Joined NEC Corporation   Executive General Manager, 2nd Solutions Sales Operations Unit   Senior General Manager, 3rd Solutions Operations Unit   Executive General Manager, Financial Solutions Operations Unit   Senior Vice President and Executive General Manager, Financial Solutions Operations Unit   Senior Vice President   Executive Vice President   Executive Vice President and Member of the Board   Executive Vice President, CSO (Chief Strategy Officer) and Member of the Board   Senior Executive Vice President, CSO (Chief Strategy Officer), CIO (Chief Information Officer) and Member of the Board (Representative Director)   President and CEO (Representative Director) (to present)
Number of the Company’s Shares Held		7,400

 

 

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Brief biography of the newly appointed President and CEO

 

Name		Takayuki Morita (Date of Birth: February 5, 1960)
Education		March 1983		Graduated from Faculty of Law, the University of Tokyo
Business Career		April 1983   April 2002   April 2006   April 2008   July 2011   April 2016   June 2016   April 2018   June 2018		Joined NEC Corporation   General Manager, Business Development Division   Senior Vice President and Executive General Manager, Corporate Business Development Unit   Senior Vice President   Executive Vice President   Executive Vice President and CGO (Chief Global Officer)   Executive Vice President, CGO (Chief Global Officer) and Member of the Board   Senior Executive Vice President and Member of the Board (Representative Director)   Senior Executive Vice President, CFO (Chief Financial Officer) and Member of the Board (Representative Director) (to present)
Number of the Company’s Shares Held		1,900

 

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Cautionary Statement with Respect to Forward-Looking Statements

This material contains forward-looking statements regarding estimations, forecasts, targets and plans in relation to the results of operations, financial conditions and other overall management of the NEC Group (the “forward-looking statements”). The forward-looking statements are made based on information currently available to NEC and certain assumptions considered reasonable as of the date of this material. These determinations and assumptions are inherently subjective and uncertain. These forward-looking statements are not guarantees of future performance, and actual operating results may differ substantially due to a number of factors.

The factors that may influence the operating results include, but are not limited to, the following:

 

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adverse economic conditions in Japan or internationally;

 

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foreign currency exchange and interest rate risks;

 

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changes in the markets in which the NEC Group operates;

 

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the recent outbreak of the novel coronavirus;

 

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potential inability to achieve the goals in the NEC Group’s medium-term management plan;

 

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fluctuations in the NEC Group’s revenue and profitability from period to period;

 

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difficulty achieving the benefits expected from acquisitions, business combinations and reorganizations;

 

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potential deterioration in the NEC Group’s relationships with strategic partners or problems relating to their products or services;

 

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difficulty achieving the NEC Group’s growth strategies outside Japan;

 

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potential inability to keep pace with rapid technological advancements in the NEC Group’s industry and to commercialize new technologies;

 

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intense competition in the markets in which the NEC Group operates;

 

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risks relating to the NEC Group’s concentrated customer base;

 

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difficulties with respect to new businesses;

 

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potential failures in the products and services the NEC Group provides;

 

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potential failure to procure components, equipment or other supplies;

 

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difficulties protecting the NEC Group’s intellectual property rights;

 

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potential inability to obtain certain intellectual property licenses;

 

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the NEC Group’s customers may encounter financial difficulties;

 

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difficulty attracting, hiring and retaining skilled personnel;

 

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difficulty obtaining additional financing to meet the NEC Group’s funding needs;

 

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potential failure of internal controls;

 

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potentially costly and time-consuming legal proceedings;

 

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risks related to regulatory change and uncertainty;

 

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risks related to environmental laws and regulations;

 

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information security and data protection concerns and restrictions;

 

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potential changes in effective tax rates or deferred tax assets, or adverse tax examinations;

 

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risks related to corporate governance and social responsibility requirements;

 

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risks related to natural disasters, public health issues, armed hostilities and terrorism;

 

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risks related to the NEC Group’s pension assets and defined benefit obligations; and

 

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risks related to impairment losses with regard to goodwill.

The forward-looking statements contained in this material are based on information that NEC possesses as of the date hereof. New risks and uncertainties come up from time to time, and it is impossible for NEC to predict these events or how they may affect the NEC Group. NEC does not intend to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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