NEC is trading down 5.10% at €28.09 on October 30, 2026, as investors weigh its FY2027 outlook for negative ¥90 billion in free cash flow. - The outlook primarily reflects CSG acquisition-related cash outflows; coverage also cites CSG integration costs as an investor concern. - The decline coincides with a broader technology sell-off amid worries about AI spending and cash generation, despite strong first-half profit growth and raised guidance.