NEC’s share price fell from ¥5,005 to ¥4,487 between 2 and 9 September. The renewed downtrend has continued, triggered by reports on 7 September that development of a quantum computer prototype had been halted.
In early September, NEC’s share price reached ¥5,005 on 2 September before falling to ¥4,487 on 9 September, bringing the decline over the period to approximately 10%. Reports on 7 September that development of a quantum computer prototype had been halted pushed the share price lower again after its preceding rebound.
Against this backdrop, new developments including a defense partnership, cybersecurity applications, high-performance AI and facial recognition payments emerged in succession from 2 to 4 September. In the latter half of the period, however, their impact as catalysts faded and they instead acted as factors weighing on the share price.
On 8 September, indicators suggested a death cross and a bearish turn in the Parabolic SAR. This coincided with a short-term bearish phase following five consecutive trading days of declines.
On the earnings front, an AI summary of 1Q results for the fiscal year ending March 2027 was published on 28 August, showing higher revenue and operating profit at ¥819.8 billion and ¥58.8 billion, respectively, with the CSG acquisition contributing to the improvement in results. A major US brokerage maintained its bullish view of the stock on 26 August and raised its target price to ¥6,300.
Regarding NEC, some view the combination of share price movements and successive catalysts as having shaped short-term market momentum. Readers may wish to follow further news releases and the market’s response.