TOKYO--NEC Corp. said Friday it is studying various options to strengthen the competitive edge of its mobile-phone business amid rapidly changing business conditions.
The comments came after the Asahi Shimbun reported in its Friday morning edition that NEC will discontinue its mobile-phone handset business.
In 2010, NEC merged the business with those of Casio Computer Co. and Hitachi Ltd. to create a single cellphone company called NEC Casio Mobile Communications Ltd.
The paper reported NEC has decided to terminate production of mobile-phone handsets at the joint venture's plant in Saitama prefecture, near Tokyo, as early as the business year ending March 2014. NEC has been in talks to sell the venture to China's Lenovo Group Ltd. since last year, the paper also said.
NEC said, however, nothing has been decided and the report isn't based on any announcement it had made.
Subscribe to WSJ: http://online.wsj.com?mod=djnwires