NEC Stock Up 5% After AI Partnership

NEC Corp shares jumped 5.2% after unveiling an AI‑focused strategy and a global partnership with Anthropic.
Company raised profit targets to ¥1.3 trillion sales and 25% operating profit margin for year ending March 2031, a >¥100bn (60%) increase.
NEC aims to double operating profit from fiscal year plan levels in its medium‑term plan, shifting from project‑based integration to direct solutions.
Morgan Stanley expects more IT service firms to partner with NEC, while rival Fujitsu pursues a comparable AI‑focused strategy.