Added to YB: 2026-06-12
Pitch date: 2026-06-11
6701.T [bullish]
NEC Corporation
Author Info
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Company Info
NEC Corporation provides information technology services and social infrastructure in Japan and internationally.
Market Cap
JPY 5.3T
Pitch Price
N/A
Price Target
6.3K (+57%)
Dividend
1.00%
EV/EBITDA
10.11
P/E
19.76
EV/Sales
1.46
Sector
IT Services
Category
growth
NEC — If we recreate the Dotcom bubble, we’ll do it right this time
6701.T: Japan's AI app-layer backbone trades ¥4,065, -34% from highs despite record FY26 margins (>10% first time), FCF +121%. 17.5x fwd P/E, PEG 0.89. BluStellar AI platform targets ¥1.3T rev/25% margin by FY30. Defense/space tailwinds, yen hedge vs Sony. 3yr hold: base ¥6,300, bull ¥9,000. Risks: gov IT plateau, Fujitsu, slow AI monetization.
Read full article (11 min)