FORM
6-K

SECURITIES
AND EXCHANGE COMMISSION

WASHINGTON,
D. C. 20549




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REPORT
OF FOREIGN PRIVATE ISSUER

Pursuant
to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934

For
the month of January 2003

Commission
File Number: 000-12713




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NEC
CORPORATION

(Translation
of registrant's name into English)




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7-1,
Shiba 5-chome Minato-ku, Tokyo, Japan

(Address
of principal executive offices)




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Form 20-F  [ X ]      Form 40-F [     ]

Yes  [     ]      No [ X ]



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SIGNATURE



NEC
CORPORATION(Registrant)By:


/S/
    FUJIO OKADAFujio Okada
General Manager, Legal Divison




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January
30, 2003





Corporate
Separation (LCD Business)



TOKYO,
January 30, 2003 - NEC Corporation ("NEC") (NASDAQ: NIPNY,
FTSE: 6701q.1, TSE: 6701) today announced that at the meeting of its
board of directors held today it was decided that NEC will transfer
its business relating to liquid crystal display ("LCD Business")
to a new company (the "New Company") to be incorporated by
way of corporate separation ("Kaisha Bunkatsu")
under the Commercial Code of Japan (the "Separation"),
effective as of April 1, 2003.



1.
Purpose of the Separation

The color LCD market has been in confrontation with
stiff competition by the new comers, Korean and Taiwanese
competitors, and the price erosion by the drastic changes of demand
and supply. On the other hand, however, the application area
of LCDs has widened rapidly and the expansion of demand is expected.
NEC's LCDs are highly valued by customers in the industrial
applications, in which specialized customization is required, and in
the high-end monitor applications, in which wide viewing angle and
high resolution are required. NEC's LCD Business is carrying on the
structural reforms by shifting the business domain to these markets
mentioned above to strengthen competitiveness of its LCD Business. In
order to accelerate the structural reforms, NEC deems it necessary to
make the management responsibilities of LCD Business clearer and to
establish an organization to facilitate the quick
decision-making process and to meet the demands for the market
change. Therefore, NEC decided to transfer its LCD Business to the
New Company.



2.
Outline of the Separation

(1)
Schedule

NEC's board approval :    January 30, 2003

Effective date of the Separation :    April 1, 2003

Date of commercial registration :    April 1, 2003

(2)
Type of the Separation

(a)
Type of the Separation

Bunshagata-Shinsetsu-Bunkatsu in which NEC is a transferring
party and the New Company is a transferred party.

(b)
Reason to choose Bunshagata-Shinsetsu-Bunkatsu

The LCD Business is to be divided from NEC so as to enhance its
competitiveness by establishing the organization to facilitate the
quick decision-making process and to meet the demands for the market
chnage, but the LCD Business is still placed as one of the businesses
of the NEC group. Therefore, considering the LCD Business transferred
by NEC, all the shares issued by the New Company is to be allotted to
NEC.

(3)
Allotment of the shares

On
the effective date of the Separation, the New Company will issue
40,000 shares of its common stock and allot all these shares to NEC.

(4)
Assets, liabilities, rights and obligations to be transferred to the
New Company

The
material assets, rights, liabilities and obligations of NEC that the
New Company will succeed and assume are as follows:

(a)
Deposit, accounts receivable, inventories, tangible fixed assets,
investment securities, loans, allowance for uncollectables, long-term
prepaid expenses, intangible fixed assets and other assets which
belong to the LCD Business;

(b)
Accounts payable, advance received,
deposits received for guarantee and other liabilities which belong to
the LCD Business;

(c)
Patents and other intellectual property rights with respect to the
LCD Business; and

(d)
Contracts and all rights and obligations under the contracts with
distributors, vendors, contract manufacturers and other parties in
connection with the LCD Business

NEC
plans to send the New Company its employees belonging to the LCD
Business on a secondment basis and cause such employees to provide
their services for the New Company.

(5)
Prospects to pay debts

Because NEC will be allotted the shares of the New Company which have
the same value with the assets and liabilities transferred in the
Separation the amount of shareholders' equity of NEC will be
unchanged. And the events that make the payment of debts of NEC and
the New Company difficult are not occurred and are not expected.
Therefore, NEC reasonably believes that NEC and the New Company are
able to pay their debts which become due after the effective date of
the Separation.

(6)
Directors and Corporate Auditors of the New Company

|(a)
				Directors   | (b)
				Corporate Auditors
|------------------- | --------------------------
|Kazuo
				Okuno     | Mitsuru
				Tanahashi     
|Toshio
				Ohta     | Yasuo
				Matoi           
|Toshikiko
				Ueno  | Sumio
				Imaizumi        
|Shunichi
				Suzuki |                           
|Kuniyuki
				Hamano
|Hiroshi
				Tahara 



3.
Summary of the parties of the Separation

(1)
NEC (As of March 31, 2002)

|Company
				name                                    | NEC
				Corporation                                                                                                                                                                                                                                                                                
|--------------------------------------------------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Business
				area                                   | Internet
				solution business including manufacture and sale of computers,
				communications equipment and electron devices as well as software
				and provision of their relative services                                                                                                     
|Date
				of incorporation                           | July
				1899                                                                                                                                                                                                                                                                                      
|Head
				office                                     | 7-1
				Shiba, 5-chome, Minato-ku Tokyo, Japan                                                                                                                                                                                                                                                     
|Representative                                      | President
				Koji Nishigaki                                                                                                                                                                                                                                                                       
|Stated
				capital                                  | 244,726
				million yen                                                                                                                                                                                                                                                                            
|Total
				number of shares issued                   | 1,656,268
				thousand shares                                                                                                                                                                                                                                                                      
|Shareholder's
				equity                            | 735,119
				million yen                                                                                                                                                                                                                                                                            
|Total
				assets                                    | 3,273,519
				million yen                                                                                                                                                                                                                                                                          
|End
				of fiscal year                              | March 31                                                                                                                                                                                                                                                                                           
|Number
				of employees                             | 31,922                                                                                                                                                                                                                                                                                             
|Major
				customers                                 | NTT
				Group, public agencies and so on                                                                                                                                                                                                                                                           
|Major
				shareholders and their shareholding ratio | The
				Chase Manhattan Bank, N.A. London    5.14%
				Japan
				Trustee Services Bank, Ltd. (Trust Account)    4.88%
				Sumitomo
				Life Insurance Company    4.02%
				The
				Mitsubishi Trust and Banking Corporation (Trust Account)    3.37%
				Nippon
				Life Insurance Company    3.00%
|Major
				banks with which NEC has deals            | Sumitomo
				Mitsui Banking Corporation
				The
				Sumitomo Trust and Banking Company, Limited                                                                                                                                                                                                    



(2)
The New Company

|Company
				name                                    | NEC
				LCD Technologies, Ltd.                                                 
|--------------------------------------------------- | -------------------------------------------------------------------------------
|Business
				area                                   | Development,design,
				manufacture, sale and services of LCDs                 
|Scheduled
				date of incorporation                 | April
				1, 2003                                                              
|Head
				office                                     | 1753
				Shimonumabe, Nakahara-ku, Kawasaki, Kanagawa, Japan                   
|Representative                                      | President
				Kazuo Okuno                                                      
|Stated
				capital                                  | 2,000
				million yen                                                          
|Total
				number of shares issued                   | 40,000
				shares                                                              
|End
				of fiscal year                              | March
				31                                                                   
|Number
				of employees                             | 280
				(tentative)                                                            
|Major
				customers                                 | Manufacturer
				of electronic equipment and communications equipment worldwide
|Major
				shareholders and their shareholding ratio | NEC
				Corporation    100%                                                    



(3)
Relationship of the parties

|Shareholding | The
				New Company will be a wholly owned subsidiary of NEC.                        
|------------ | -------------------------------------------------------------------------------------
|Management   | NEC
				will dispatch its director and employees as directors of the New
				Company.
|Transaction  | The
				parties will provide their products and services with each other.            



(4)
Financial results of the last three fiscal years

|NEC
				Corporation                                     
|--------------------------------------------------------
|Fiscal
				Year                                         
|Sales
				(in
				millions of yen)                      
|Operating
				income (loss)
				(in
				millions of yen)
|Ordinary
				income (loss)
				(in
				millions of yen) 
|Net
				income (loss)
				(in
				millions of yen)      
|Net
				income (loss) per Share
				(in
				yen)        
|Dividends
				per share (in yen)                        
|Shareholders'
				equity per share (in yen)             



4.
LCD Business of NEC

(1)
Business to be transferred

LCD
Business of which Display Device Operations Unit of NEC is in charge.
The sales volume of the LCD Business is approximately 60 billion yen
(estimate for the fiscal year ending March 31, 2003).

(2)
Assets and liabilities to be transferred

The
amount of assets and liabilities to be transferred is, as of
September 30, 2002, approximately 27.2 billion yen and 19.8 billion
yen, respectively.



5.
Summary of NEC after the Separation

|(1)
				Company name                                             | NEC
				Corporation                                                                                                                                                                           
|---------------------------------------------------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(2)
				Business area                                            | Internet
				solution business including manufacture and sale of computers,
				communications equipment and electron devices as well as software
				and provision of their relative services
|(3)
				Head office                                              | 7-1
				Shiba, 5-chome, Minato-ku Tokyo, Japan                                                                                                                                                
|(4)
				Representative                                           | President
				Akinobu Kanasugi (Scheduled to take office on March 28, 2003)                                                                                                                   
|(5)
				Stated capital                                           | 244,726
				million Yen
				(As
				of December 31, 2002. The stated capital will not be decreased by
				way of the Separation.)                                                             
|(6)
				Total assets                                             | 2,936,781
				million yen (As of September 30, 2002)                                                                                                                                          
|(7)
				End of fiscal year                                       | March
				31                                                                                                                                                                                  
|(8)
				Impact of the Separation on the financial results of NEC | Negligible                                                                                                                                                                                    



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Media Contacts:
Daniel Mathieson
Corporate Communication Division
NEC Corporation
TEL: +81-3-3798-6511