Botaro Hirosaki

In fiscal 2001, NEC experienced management crisis due to the double hit of a burst global communications bubble and a depressed semiconductor sector, which includes DRAM. Spurred on by this difficult situation, however, the company has gone ahead with the concentration and selection of business domains to focus on IT/NW integrated solutions and semiconductor solutions, principally including system LSIs, which has resulted in the D/E ratio rapidly recovering to 1.4 from a one-time low of 4.17 (as is seen in Fig.1), and the laying of groundwork for new developments for a ubiquitous society