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 20201© 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 publicoffices⚫ 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 publicinfrastructure⚫Multi-vendor systems integration capabilities acquired from long experience ininfrastructure construction⚫Extensive strength in wireless technologies ranging from Wi-Fi to satellitecommunication2© 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 of95% 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 sustainablesociety• 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

3© 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.

Businessvision

Existing 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
4FocusOur 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
BusinessmodelDX 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

5BPO 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 SYSTEMSBase station
DesignBuilding

SI
Application for license

Total service
6Co-creation model

Full lineups of products

CoreInfrastructuredomainOriginal 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 anddomain

Satellite
image solutions

Value provided

Only 1

Ground observation
Satellite operation

Sustainable
SymphonicSociety

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)

7DX and AI© NEC Networks & System Integration Corporation 2022

Facility sharing andcloud computing

Technologydiversion
and DX

Offshore wind Only 1Marine 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)

8© NEC Networks & System Integration Corporation 2022

Safety andqualityRealize Safety 2.0

Productivity
improvement

Accelerate streamlining
with the use of DX-Streamline business with AI andautomation-Improve digital literacy todevelop personnel into strategicstaff

Medium Range Targets of NWS
Net sales

Operating income

FY22/3-25/3

CAGR
+6%

82.0

FY22/39

FY22/3-25/3

CAGR
+10%

9785

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/

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 definitefacts. 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.

11© NEC Networks & System Integration Corporation 2022