NEC States Data Aren't Reliable; Delisting May Loom

TOKYO -- NEC Corp. said it would be unable to file financial reports required by U.S. regulators, raising the likelihood its American depositary receipts, traded on the Nasdaq Stock Market -- will be delisted.

NEC, which switched to Japanese accounting standards from U.S. standards this year, said Friday that several years of filings with U.S. authorities were ...