NEC to book JPY 52.7bn gain from trust return

NEC Corporation (TSE: 6701) announced today it will book a JPY 52.7 billion gain as an extraordinary income in its non-consolidated financial results for the fiscal year ending March 31, 2026. This gain stems from a partial return of retirement benefit trust assets. NEC established these assets to provide future retirement benefits. Currently, plan assets, including the retirement benefit trust assets, are overfunded relative to defined benefit obligations. This overfunded status is expected to continue, leading to the return of JPY 140 billion to NEC on May 23, 2025. While this return impacts NEC's non-consolidated results, the company's consolidated financial statements, prepared in conformity with International Financial Reporting Standards (IFRS), will not be affected. NEC cautions that forward-looking statements are subject to various risks and uncertainties, including economic conditions, currency fluctuations, and market changes.