New Medium-Term Management Plan
“Shift up 2024”
May 30 & June 9, 2022

Yushi Ushijima, President
NEC Networks & System Integration Corporation(TSE: 1973, NESIC)© NEC Networks & System Integration Corporation 2022

*Please see https://www.nesic.co.jp/english/ir/library/kg6ogt0000000106-att/20220510_eng01.pdf
for the full slides of “Shift up 2004” (Company-total version only)

Summary of “Shift up 2024”

Theme of New Medium-Term Business Plan

Shift up 2024
Elevating society

DX and Beyond 5G

From demonstration
to realization

2© NEC Networks & System Integration Corporation 2022

Relationshipwith customers

From co-creation
to creation in harmony

Business model

From project-type
to spiral-type

Spiral-Type Growth Model: A Recurring Model Based on Consulting

A factor added to new strengths
in the new medium-term
management plan

based on expertise
2 Consulting
obtained through experience in co-creation& self-implementation

1

Create value
Be smarter

Seek original value
Accelerate shift to services

Create new social value
3

Win Customers
Design / Suggest

Strengths and assets developed
under the previous
medium-term management plan

⚫ Digital x 5G
⚫ Symphonict⚫ Co-creation and selfimplementation biz model

Realize the customers
success and sustainability© NEC Networks & System Integration Corporation 2022

High customer value
Long-term relationshipof trust(Spiral of quality improvement)

4

OperateSite-specificconsulting

Existing
strengths and assets

Realize⚫
⚫
⚫
⚫

Apply DX

3

SI capabilities
Technological capabilities
Field Capabilities
Nationwide coverage

to realizationand operation
processes toimprove quality

Accumulateknowhow, data toenhance insightBasic Strategies

4

1

Accelerating Original Value
Creation

2

Advancing Solution Capabilities

3

Evolve into DX-Native Company© NEC Networks & System Integration Corporation 2022

Organization Strategy
Refine the organization with a view
toward the realization of DX and Beyond 5G
Point

Point

2

Point

3

5

Increase consultation and proposal
capabilities(Integrate resources for sales promotion to build
closer relationships with customers)

Increase functionality for the
implementation of strategies for carbon
neutrality and to address climate change© NEC Networks & System Integration Corporation 2022

Point

Marketing & Sales Operations Unit

3

Point

Carbon Neutral Promotion
Division1

Accelerate actions for the realization of "DX x Beyond
5G" and for shifting businesses to services provision
model(Reorganize some of the functions of the business units)

2

Business Process Innovation
Strategy Division

Business Design Operations Unit
Point

1

Point

DX Solutions Business Unit

1

Network Solutions Business Unit

Point

Environmental & Social Solutions
Business Unit

1

Administration Staff

Medium-term Financial Targets(¥ Bn.)FY2022/3

FY2025/3
targetNet sales

310.3

370

Record high
339.1
（FY2021/3）

25.6

Operating income

23.2

34

（FY2021/3）(to sales)

7.5%

9.2%

7.5％

13%+

13.5％

ROE

11.6%

（FY2021/3）*Targets as at May 10

6© NEC Networks & System Integration Corporation 2022

What We Seek to Achieve in 2030

×DX

Beyond 5G(next-generation
networks)＝(

Sustainable
Symphonic
Society
Realization of a sustainable
society with prosperity
that resonates for all

Provide services that anticipate
future changes in society and technologies
Decarbonization

7
17

Energetic
communities© NEC
NEC Networks
Networks&&System
SystemIntegration
IntegrationCorporation
Corporation
2022
2022

Smart industry

Work/lifestyles
with greater freedom

Safetyand security

HealthWell-Being)https://www.nesic.co.jp/english/ir/

Medium-Term Strategy of

DX Solutions BusinessMay 30 & June 9, 2022

Seiji Shiga, Senior Vice President
NEC Networks & System Integration Corporation(TSE: 1973, NESIC)© NEC Networks & System Integration Corporation 2022

Self Introduction

Seiji Shiga
Senior Vice President and Executive General Manager, DX
Solutions Business Unit

Career summary⚫ Joins the Company in 1986
⚫ Has undertaken a wide range of duties over many years, including
system engineering for corporate network systems (voice, data andsecurity), marketing/sales promotion of servers and supercomputers,
etc.
⚫ Assumed his current position in 202010

© NEC Networks & System Integration Corporation 2022

Overview of DX Solutions (DXS) Business
Serving as a strategic partner that assists customers withmanagement strategies in the ICT area

Relationship with the SDGs

Offering services, systems integration and construction, operation and maintenanceof DX and ICT systems
Business strengths and characteristics

Self-implementation expertise and DX service provision
Communication

Security

Multi-cloud

11

BPO
ManufacturingRetails

Central and local Educational andgovernments medical institutions© NEC Networks & System Integration Corporation 2022

HotelsNEC Group

Financial services

GlobalContact centers

Data centers

Recent topics⚫ AI-assisted communication
services launched under the
Canario brand (Feb. 2022)⚫ Original services based onZoom Phone (cloud phone system)
released (Dec. 2021)

Business Strategies in DX Solutions Business
Evolve into the number one DX service provider partnering customers
Operating business with the use of DX services and platform (Symphonict)

Until 20182019 to 2021

2022 and later

Carry out EO*-based work-styleinnovation centering on systems
integration

Utilize DX to accelerate work-styleinnovation

Help customers expand their business withthe use of data

Business intended
mainly for enterprises

Expand to enterprises and local
governments

Offered to enterprises, local governments andpublic-interest companies(e.g. electric power, rail transport, education, medical care)

Use of multicloud
Network systems
integration businessWork-Style
Innovation

Increase use of ICT

Process innovation

Use of cloud

Solve customers'
problems with the useof dataCreate DX services and platform

Data center
business

Security business

Maintenance andoperation business* EO stands for EmpoweredOffice.

12© NEC Networks & System Integration Corporation 2022

Data centers

Remote work
Enhance zerotrust security

BPO of non-core
operations(Partnering)Datautilization
Recurring(Digital twins)

BPO ofmaintenanceand operation

Expandmarkets
servedData collection andvisualization

AI and BI analysis

Basic Policies
Accelerate customers' process innovationby leveraging DX and data utilization cultivated with work-style innovation

Support customers in business model innovation and sustainability management matched with market changes

Visualize and analyze working-level issues
with DX and data use and offer solutions on Symphonict
Turn this cycle (Recurring) to run business accompanying (Advanced ICT operation) customers
Data utilization and recurring(1) Partner-type smart recurring business(2) Advanced ICT operation business

13© NEC Networks & System Integration Corporation 2022

Expand markets served
Sales target
for FY March
2025¥30Bn.

(3) DX-based industry business(4) DX-based public business

Sales target
for FY March
2025¥10Bn.

Key Strategies: (1) Partner-type smart recurring business (2) Advanced ICT operation business
Make active use of data in advanced ICT operation andpropose improvements in partner-type smart recurring

Offer DX services for businesses of customers ranging from enterprises to local governments and public-interest companies
Utilize self-implementation expertise ofwork-style innovation and DX to propose
solutions

Finance

Analyze collected data, visualize issues andstudy solutions to them

Analysis andexamination(1) Partner-type smart recurringbusiness

Distribution
services

Manufacturing

Public-interest
companies

Local
governments

Services
specific tobusiness types
Consulting in
partnering andco-creation

Differentiation
services

Platform

Perform recurring of proposals, realization,
advanced ICT operation and analysis withdata utilization and partnering for customers
14

Repeat this process to expand business

Proposals© NEC Networks & System Integration Corporation 2022

(3) DX-based industry business(4) DX-based publicbusiness

Provide safe, high quality systems
integration and construction based on
knowledge in ICT systems integration and in
DX realization

Realization(Data utilization)

Operate and maintain systems realized in
combination of DX with BPO and customers'
non-core systems(Intended for data collection and utilization)

Maintenanceand operations

A 24/7 support system providing safety andsecurity based on the nationwide
maintenance network(2) Advanced ICT operation
business

Key Strategies: (3) DX-based industry business (smart industry)
Spread work-style innovation and process innovation to shop floors in the industry sector
Utilize DX services cultivated in work-style innovation to enable innovation in shop floor processes and business innovation■ A model of DX on manufacturing shop floors with Symphonict

ExpandImprovingproduction efficiency
Automation of processes

Labor saving andshift to unmanned operation
Digitalization

Process innovation
Automation anddigitalization

15

Visualization
Data analysis

Improvement proposals

Location
information

Existing
systemVisualize andoptimize flows of goods
and humans

…

Video
monitoring

AI/BI

Digitalization…

Data collection(IoT/5G)

Network

Security

Fully managed

Systems integration andconstruction capabilities

DC-NOC-SOC collaboration

Operation andmaintenance support© NEC Networks & System Integration Corporation 2022

DB

Introduced to other business types
e.g. models for distribution and practicaloperations in storesStart with ICT systems integration, construction, operation and maintenance to expand into innovation andthe digitalization of customers' work-styles and processes

Key Strategies: (4) DX-based public business

Public: local governments and public-interest companies

Introduce work-style innovation and process improvements to the public sector
Use LGWAN-ASP and other DX services for digitalization and for improving staff's workstyles and services for inhabitants■ Public DX model with the use of Symphonict
Achieve staff work-style innovation, operational innovation, safe, secure and quick services for inhabitants (digitalization of
the public sector) and regional revitalization
ExpandStaff work-style innovation

Carry out work-styleinnovation with theuse of DX

Solutions for improving
business processes
Review work-styles
and efficiency

Existing
system16

Improvement of services
for inhabitants

Process improvement

Use DX tools and ICT
Accelerate
digitalization

Regional revitalization

Use LGWAN-ASP
Facilitate
efficiency…

Network

Security

Cloud

Systems integrationand construction

Collaboration of terminals
and network security with security
operation centers (SOC)

Data center services
and operation© NEC Networks & System Integration Corporation 2022

…
DB

…

Medium Range Targets of DSL¥Bn.

Net sales

Operating income

FY22/3-25/3

108.0

117

CAGR
+6%

FY22/3-25/3

CAGR
+13%

130
13.1

FY22/317

FY23/3(forecast)

FY25/3(target)

15.0

12.1%

12.8%

FY22/3

FY23/3(forecast)*FY22/3 figures are numbers for reference by rough reclassification. Audited figures will be disclosed.
FY23/3 forecasts and FY25/3 targets are as at May 2022.

© NEC Networks & System Integration Corporation 2022

19.0

14.6%

to salesFY25/3(target)

https://www.nesic.co.jp/english/ir/

Medium-Term Strategy of

Network Solutions BusinessMay 30 & June 9, 2022

Kazuhiko Takeuchi, Senior Vice President
NEC Networks & System Integration Corporation(TSE: 1973, NESIC)© NEC Networks & System Integration Corporation 2022

Self Introduction

Kazuhiko Takeuchi
顔写真（胸から上）

Senior Vice President, Member of the Board, andExecutive General Manager,
Network Solutions Business Unit

Career summary⚫ Joins the Company in 1985
⚫ Successively held various responsible posts for sales/marketing,social infrastructure business and support service business.
⚫ Assumed his current position in 202020

© NEC Networks & System Integration Corporation 2022

Overview of Network Solutions (NWS) Business
Offering construction services for public network infrastructurethat requires the latest technological strengths and a high level of reliability
Main services

Main customers⚫ Construction engineering⚫ Government and public
offices⚫ System Integration (SI)⚫ Telecom carriers⚫ Maintenance and operation services
Business strengths andcharacteristics⚫ Broadcasters
Recent topics

Carrier businessSocial infrastructure business⚫ A rich customer base and understanding of their business supporting the public
infrastructure⚫Multi-vendor systems integration capabilities acquired from long experience ininfrastructure construction⚫Extensive strength in wireless technologies ranging from Wi-Fi to satellite
communication
21© NEC Networks & System Integration Corporation 2022

Relationship with the SDGs

⚫ Demonstration trial of local 5G
services at the Showa Base in
Antarctica (Feb. 2022)⚫ An AI solution partnership deal
signed with U.S. company Tupl,
Inc. (Feb. 2022)

Business Environment⚫ Growing importance of mobile network construction and improvement
Carrier business• Actions aimed at realizing the Digital Rural City Nation concept- Quick development of 5G environment (to meet population coverage targets of
95% by March 2024 and 97% by March 2026)- Accelerate the spread of local 5G (L5G) services• Needs for investments in 5G and fee cuts

Socialinfrastructurebusiness⚫ Accelerating the construction of social infrastructure to create a sustainable
society• Expand the use of aerospace in the public and private sectors• Strengthen disaster response• Mounting demand for clean energy to realize a carbon-free society

22© NEC Networks & System Integration Corporation 2022

Growth Strategy in the Network Solutions BusinessWe offer advanced technologies with high specialty to connect society
from the floor of the ocean to the far reaches of outer spacein optimal forms to help realize a digital society
with greater security and convenience.

BusinessvisionExisting businesses
MarketCarrier business

Shift up with the use of DX and AI

Socialinfrastructurebusiness

Services

Maintenance and operation support

Expertise in customers’
business

Infrastructure systems integrationand construction

Field Capabilities

Wireless engineering

Advanced, special
technologies and uniqueproducts and services

Construction engineering

Communication engineering business
23

Focus

Our advantage

2021© NEC Networks & System Integration Corporation 2022

Cutting-edge technologicalcapabilities

×- AI,DX- 5G/Open RAN/OSS- Data analysis and softwaredevelopment

Multi-vendor co-creation
capabilities- L5G/DAS/MEC- AI engines- Image analysis

Digital integration business

Achieve streamlining andinnovation in society and incustomers' businesses

Models to offer
Process innovation in customers'
businesses
Provision of solutions and services
on a next-generation platform

New markets and domains
through technology diversion

2024

Individual Strategies (Carrier Business)
Aim to evolve from an engineering business into a top player in open network domains
Businessmodel
DX and services

Maintenance andoperations
BPO services

Utilize businessexpertise

Expand businessdomains-Offer OPEX reduction solutions and BPO services by combining
business expertise, operation and maintenance data and theutilization of AI
Expandtechnologicaldomains

Core network
Infrastructure
construction

Increase market
share

Edge

Core network (open network)

No. 1-Expand the solutions business through next-generation network
technologies and co-creation with open vendors

Edge (business expertise with DX)

No. 1-Increase profitability by streamlining through DX and secure thelargest market share
Cultivating customers

24

BPO services (operation data with AI)© NEC Networks & System Integration Corporation 2022

-Apply the process DX implemented by ourselves to customers'
processes

Multi-connectivity sales
for FY March 2025

Individual Strategies (Carrier Business)¥10Bn.

Introduce solutions developed using expertise of carrier business to other markets (L5G model)
Use of services(Solutions to social issues)

Turn advanced examples into services
through demonstration trials

ICT systems and cloud services

Products

CATV, offices and factories

Construction, agriculture
and medical care

⚫ NEC, NEC Magnus, and HFR⚫ FLARE SYSTEMS

Base station
DesignBuilding

SI
Application for license

Total service
25

Co-creation model

Full lineups of products

Core
InfrastructuredomainOriginal solutions model© NEC Networks & System Integration Corporation 2022

Test

Maintenance andoperations
SIM operation

Provision of total service

No. 1⚫ Use capabilities to construct carrier infrastructure

Packaging of solutions

Service domain

Social infrastructure businesssales for FY March 2025

Individual Strategies (Social Infrastructure Business)¥25Bn.

Operate a business of solving issues confronting society
by combining existing technologies with DX and AI
Existing businesses

Aerospacebusiness

Point of focus

Earth observation
Ground observation

DX and AI

Satellite operation

New markets anddomainSatellite
image solutions

Value provided
Only 1

Ground observation
Satellite operation

Sustainable
Symphonic
Society

Realization of a sustainable
and prosperous society

Broadcasting
business

Marinebusiness

Support for transmission
and studios

Services for existing andnew customers

Construction and maintenance

Submarine observationand communication
Submarine seismometer sensors
Submarine construction (HDD)26

DX and AI© NEC Networks & System Integration Corporation 2022

Facility sharing andcloud computing

Technology
diversionand DX

Offshore wind Only 1
Marine resources
development
Environmental monitoring

The only-1
technology forobserving the earth
from outer space andfrom the ocean floor
to resolve issues
for society

Strengthening of Business Foundations
Personnel supporting businesses, safety and quality, and productivity improvements

Develop DX and next-generation
network engineers-DX personnel that use AI, IT and data
to solve variety of problems

Humanresource
development

Improve safety and quality-Safety and quality based on the useof DX (data utilization, remotemanagement and AI determination)

27© NEC Networks & System Integration Corporation 2022

Safety andquality
Realize Safety 2.0

Productivity
improvement

Accelerate streamlining
with the use of DX-Streamline business with AI and
automation-Improve digital literacy todevelop personnel into strategic
staffMedium Range Targets of NWS
Net sales

Operating income

FY22/3-25/3

CAGR
+6%

82.0

FY22/328

FY22/3-25/3

CAGR
+10%

97

85

10.5

FY23/3(forecast)

FY25/3(target)

11.0

12.8%

12.9%

FY22/3

FY23/3(forecast)*FY22/3 figures are numbers for reference by rough reclassification. Audited figures will be disclosed.
FY23/3 forecasts and FY25/3 targets are as at May 2022.

© NEC Networks & System Integration Corporation 2022

14.0

14.4% to sales

FY25/3(target)

https://www.nesic.co.jp/english/ir/

Medium-Term Strategy ofEnvironmental & Social Solutions BusinessMay 30 & June 9, 2022

Hiroshi Nagao, Senior Vice President
NEC Networks & System Integration Corporation(TSE: 1973, NESIC)© NEC Networks & System Integration Corporation 2022

Self Introduction

Hiroshi Nagao
Senior Vice President and Executive General Manager,
Environmental & Social Solutions Business Unit

Career summary⚫ Joins the Company in 1982
Engages in construction, design, maintenance and operation in Japan⚫ 2013 General Manager, Nishinihon Systems Division⚫ 2016 Assistant Senior Vice President⚫ Assumed his current position in 202031

© NEC Networks & System Integration Corporation 2022

Overview of Environmental & Social Solutions (ESS) Business
Operating businesses ranging from design and systems integration to
support for social public infrastructure in Japan and beyond
Main services⚫ Networks (construction and maintenance)⚫ Safety (disaster prevention and disaster
response)⚫ Energy solutions⚫ Smart buildings

Main customers
Fire and disasterprevention

Electric power
and new common
carrier (NCC)

Governments

CATV

Local governments

General companies⚫ One of Japan's largest resources for nationwide resources for⚫ Nationwide support service system⚫ Three divisions area management system to cover entire Japan© NEC Networks & System Integration Corporation 2022

Recent topics⚫ Comprehensive collaborationagreements signed with a local
government seeking zero carbon (May2022)

Business strengths and characteristics

32

Relationship with the SDGs

construction⚫ Power consumption of container-type
data centers cut by 43% with liquid
cooling of servers (Mar. 2022)⚫ Full-scale launch of urban
development-related services basedon digital technologies and local
strengths (Jul. 2021)

Basic Strategy on Environmental & Social Solutions
Stay close to local communities, work with customers andenhance practical and highly efficient DX services<2024 Vision>
An area ICT orchestrator that serves regional markets in Japan and overseas

Urban development
DX x Beyond 5G
1

2
Promote digital town business

33© NEC Networks & System Integration Corporation 2022

Step up actions
towards a green society

3

Shift to advanced construction
and maintenance platforms

Growth Strategy
2030 Vision

A business operator for creating and developing safe and secure communities where people want to continue
living, harnessing strengths in engineering and support, while serving local communities in harmony with therecycling society in Japan and abroad✓ Earn confidence through engineering<Retain the trust of local communities>✓ Cordial support<Stay in harmony with local communities>✓ Provision of value to society✓ Develop an organization where employees
can take initiative

4
3
２
1

Establish companywide
common platforms for theconstruction and maintenancebusiness

DX x Beyond 5G

34⚫ Carry out business operation for co-creation ofsociety
Digital solutions and operation for communities⚫ Secure a leading position in Japan among
general system integrators in the area ofcommunications infrastructure construction andmaintenance⚫ Promote digital town business⚫ Actions towards a green society⚫ Shift to advanced construction andmaintenance platforms⚫ Cultivate and expand regional markets in Japan

2019

Community
development

2021© NEC Networks & System Integration Corporation 2022

Innovate business models
and achieve growth

2024

2027

Realize the 2030 Vision⚫ Establish a solid position as a business operator⚫ The only systems integrator to provide one-stop
services based on its strengths in construction andmaintenance2030

Key Strategy 1: Promote digital town business
Together with local customers, create smart communities
that are safe and secure and that are places where people want to keep living
Safety and security

Disaster prevention and mitigation(resilience to disasters)✓ Smart disaster prevention (e.g. myWorld and industrial
BI/AI) with diverse next-generation networks (e.g. L5G and
LPWA)✓ Advanced disaster control measures using image AI

Businesstransformation(BX)
CorporateGreentransformationtransformation
(CX)
(GX)

Regional revitalization
Implement DX with regional operators✓ Co-create regional services with the use of next-generation
networks (e.g. L5G and LPWA)✓ Platforms for communities of regional inhabitants

Shift to advanced businessfoundations

Attain growth together withpartner companies

Decarbonization and renewable energy

Industrial development and businesscreation✓ Design of renewable energy and systems integration with
PPA operators✓ Local production for local consumption and optimal
management for areas

Environmental considerations
35

Value provided© NEC Networks & System Integration Corporation 2022

FY March 2025 business target

Net Sales ¥20Bn✓ Onshore fish farming business✓ Create businesses operated by special purpose companies(SPCs) that will lead to regional development

Economic circulation

Key Strategy 2: Step Up Actions towards Green Society
Continue offering eco-friendly designs, products and services, make efforts on zero carbon andtackle climate change for stepping up actions for solving regional issues
Strengths

Demand market

Customer base

Design quality

Supply market

36

Step up solutions and services for power saving measures⚫ Liquid immersion-cooled data centers and smart buildings, streets and stadiums

Accelerate DX in building management and facilities
Coordinate an environmentally-friendly electricity-communication hybrid(Electrical equipment andtelecommunications)

Strengths inconstruction andsupport services

FY March 2025
business target

Shift to smart site control with the use of renewable energy
and energy management systems (EMS)© NEC Networks & System Integration Corporation 2022

⚫ Follow the advanced model region for decarbonization developed by the Ministry of
the Environment, set up PPAs, PPSs and SPCs, and make capital participation

Strengthen the power managed services business

Net Sales¥20Bn.
Value provided
Greentransformation(GX)
Businesstransformation(BX)

Key Strategy 3: Shift to Advanced Construction and Maintenance Platforms
Continue internal practice to evolve nationwide foundations to an advanced level.
Implement digital technologies supporting realization of growth strategies in society
to serve local communities.
AssetsIntroduce construction process innovation and DX to achieve
production innovation

Customer base

⚫ Use 3D solutions, AI-assisted judgments of risks, digital twins and AI/BI data analysis(approx. 4,000 companies)(Business evaluation)
Ranked 5th amongtelecommunications operators
in JapanA network of around
400 maintenancebases all over thecountry
37

Improve the QCDSEDesign quality

Strengthen regional priority businesses in East Japan, in the Tokyo
region and in West JapanFY March 2025
business target

Net Sales¥90Bn.

⚫ Step up actions for fire and disaster prevention, electric power and NCC, CATV androad projects from local and central governments.

Untiringly seek quality(by, for example, visualizing practical operations)

Create new services to expand the last mile market⚫ Reorganize the nationwide maintenance system to a three-tier structure
according to customers' needs

Introduced advanced maintenance assets and implement DX for
increasing revenue⚫ Innovation of operations on the assumption of putting AI first and digitalspaces* QCDSE stands for Quality, Cost, Delivery, Safety and the Environment.
© NEC Networks & System Integration Corporation 2022

Value provided
Greentransformation(GX)
Businesstransformation(BX)

Medium Range Targets of ESS
Net sales

Operating income

FY22/3-25/3

114.9

126

CAGR
+7%

FY22/3-25/3

CAGR
+23%

140
12.5
8.5

FY23/3(forecast)

FY25/3(target)(+16%)( ) shows theassumption figures
without loss by
Myanmar project(103)

FY22/37.4%(9.0%)

9.9%

11.4% to sales

FY22/3

FY23/3(forecast)

FY25/3(target)※( )内はミャンマー損失の影響を除いた数値

38*FY22/3 figures are numbers for reference by rough reclassification. Audited figures will be disclosed.
FY23/3 forecasts and FY25/3 targets are as at May 2022.

© NEC Networks & System Integration Corporation 2022

16.0

https://www.nesic.co.jp/english/ir/

Cautionary Statement
Forecasts and targets of results mentioned in this document are future estimatesand are thus inclusive of risks and uncertain factors since they are not based on definite
facts. Please be aware that a variety of factors could cause actual results to differ
significantly from those projected. The major factors affecting actual results include theeconomic climate and social trends surrounding the business of this Company’s group,
consumer trends vis-a-vis systems and services provided by this Company’s group, as
well as pressure to lower prices and ability to cope with the market in response tointensified competition.
Factors affecting results are not limited to the ones mentioned above.

There will be some change in our business segment according to a refine in ourorganization in April 2022. The new segment figures shown in these slides are numbers
for reference by rough reclassification.

40© NEC Networks & System Integration Corporation 2022