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): ☐
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 | |
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
| 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:
| • | adverse economic conditions in Japan or internationally; |
| • | foreign currency exchange and interest rate risks; |
| • | changes in the markets in which the NEC Group operates; |
| • | the recent outbreak of the novel coronavirus; |
| • | potential inability to achieve the goals in the NEC Group’s medium-term management plan; |
| • | fluctuations in the NEC Group’s revenue and profitability from period to period; |
| • | difficulty achieving the benefits expected from acquisitions, business combinations and reorganizations; |
| • | potential deterioration in the NEC Group’s relationships with strategic partners or problems relating to their products or services; |
| • | difficulty achieving the NEC Group’s growth strategies outside Japan; |
| • | potential inability to keep pace with rapid technological advancements in the NEC Group’s industry and to commercialize new technologies; |
| • | intense competition in the markets in which the NEC Group operates; |
| • | risks relating to the NEC Group’s concentrated customer base; |
| • | difficulties with respect to new businesses; |
| • | potential failures in the products and services the NEC Group provides; |
| • | potential failure to procure components, equipment or other supplies; |
| • | difficulties protecting the NEC Group’s intellectual property rights; |
| • | potential inability to obtain certain intellectual property licenses; |
| • | the NEC Group’s customers may encounter financial difficulties; |
| • | difficulty attracting, hiring and retaining skilled personnel; |
| • | difficulty obtaining additional financing to meet the NEC Group’s funding needs; |
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| • | potential failure of internal controls; |
| • | potentially costly and time-consuming legal proceedings; |
| • | risks related to regulatory change and uncertainty; |
| • | risks related to environmental laws and regulations; |
| • | information security and data protection concerns and restrictions; |
| • | potential changes in effective tax rates or deferred tax assets, or adverse tax examinations; |
| • | risks related to corporate governance and social responsibility requirements; |
| • | risks related to natural disasters, public health issues, armed hostilities and terrorism; |
| • | risks related to the NEC Group’s pension assets and defined benefit obligations; and |
| • | 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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