NEC Electronics Revises Forecasts for the Fiscal Year Ended March 31, 2009

KAWASAKI, Japan, May 7, 2009

NEC Electronics Corporation (TSE: 6723) today revised its consolidated full-year financial forecasts for the fiscal year ended March 31, 2009, which the company disclosed on January 29, 2009.

1. Revised forecasts for consolidated financial results

(For the year ended March 31, 2009)

In millions of yen

	Net Sales	Operating Income (Loss)	Income (Loss) Before Income Taxes	Net Income (Loss)
Previous forecasts	555,000	(55,000)	(62,000)	(65,000)
Revised forecasts	546,000	(68,500)	(89,500)	(83,000)
Increase (decrease)	(9,000)	(13,500)	(27,500)	(18,000)
Percent change	(1.6)	---	---	---
Reference: Results for the year ended March 31, 2008	687,745	(5,094)	(3,252)	(15,995)

2. Background to the revisions
Consolidated net sales are expected to total 546.0 billion yen, a 9.0 billion yen decrease from the previous forecast. Of this figure, semiconductor sales are expected to total 521.0 billion yen, 9.0 billion yen less than expected because of slow sales of semiconductors for home electric appliances as well as automotive and industrial products.
Operating loss is expected to be 68.5 billion yen, 13.5 billion yen worse than the previous forecast. This is mainly due to a decline in semiconductor sales and further production adjustment caused by severe operating climate.
Loss before income taxes is expected to amount to 89.5 billion yen, an increase of 27.5 billion yen from the previous forecast. This recording was caused by the accrued loss provision for pending litigations and the increase in disposal expenses due to closing of manufacturing lines, in addition to the worsening of the operating losses.
Net loss is expected to amount to 83.0 billion yen, 18.0 billion yen worse than the original forecast. The range of net loss revised remained smaller than the range of loss before income taxes. This is due to the reversal of the provision for deferred tax liability, under the tax system revision, which was previously recorded as the taxation on dividends from overseas subsidiaries. As a result, income taxes (tax expenses) are lowered.

Cautionary statements:
1)	The statements in the material above with respect to the plans, strategies and forecasts of NEC Electronics Corporation ("NEC Electronics") are forward-looking statements involving risks and uncertainties. We caution you in advance that actual results could differ materially from such forward-looking statements due to several factors.
2)	The consolidated financial statements of NEC Electronics are prepared in accordance with accounting principles generally accepted in the United States, or U.S. GAAP, but the figures for operating income shown above represent net sales minus the cost of sales, research and development, and selling, general and administrative expenses.

About NEC Electronics

NEC Electronics Corporation (TSE: 6723) specializes in semiconductor products encompassing advanced technology solutions for the high-end computing and broadband networking markets; system solutions for the mobile handset, PC peripheral, automotive and digital consumer markets; and multi-market solutions for a wide range of customer applications. NEC Electronics Corporation has subsidiaries worldwide including NEC Electronics America, Inc. and NEC Electronics (Europe) GmbH. More information about NEC Electronics worldwide can be found at www.necel.com.

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