Renesas Electronics Reports Financial Results for the First Quarter Ended March 31, 2021

TOKYO — (BUSINESS WIRE) — April 28, 2021 — Renesas Electronics Corporation (TSE:6723) today announced consolidated financial results in accordance with IFRS for the three months ended March 31, 2021.

Summary of Consolidated Financial Results (Note 1)

Three months ended
March 31, 2021

Billion Yen

% of Revenue

Revenue

203.7

100.0

Operating profit

30.2

14.8

Profit attributable to owners of parent

13.7

6.7

Capital expenditures (Note 2)

28.1

Depreciation and others

32.5

R&D expenses (Note 3)

33.2

Yen

Exchange rate (USD)

104

Exchange rate (EUR)

127

As of March 31, 2021

Billion Yen

Total assets

1,688.1

Total equity

721.1

Equity attributable to owners of parent

718.0

Equity ratio attributable to owners of parent (%)

42.5

Interest-bearing liabilities

671.1

Note 1:

All figures are rounded to the nearest 100 million yen.

Note 2:

Capital expenditures refer to the amount of capital for property, plant and equipment (manufacturing equipment) and intangible assets based on the amount of investment decisions made during the three months ended March 31, 2021. However, the investments from the former Integrated Device Technology, Inc. (hereinafter “IDT”)’ are listed as an input basis.

Note 3:

R&D expenses includes capitalized R&D expenses recorded as intangible assets.

RENESAS ELECTRONICS CORPORATION

Consolidated Financial Results for the First Quarter Ended March 31, 2021

English translation from the original Japanese-language document

April 28, 2021

Company name

: Renesas Electronics Corporation

Stock exchanges on which the shares are listed

: Tokyo Stock Exchange, First Section

Code number

: 6723

URL

: https://www.renesas.com

Representative

: Hidetoshi Shibata, Representative Director, President and CEO

Contact person

: Fujiko Yamaguchi, Vice President, CEO Office
Tel. +81 (0)3-6773-3002

Filing date of Shihanki Hokokusho (scheduled)

: May 14, 2021

(Amounts are rounded to the nearest million yen)

1. Consolidated financial results for the three months ended March 31, 2021

1.1 Consolidated financial results (% of change from corresponding period of the previous year)

 

Revenue

Operating profit

Profit before tax

Profit

Profit
attributable to
owners of
parent

Total
comprehensive
income

 

Million

yen

 

%

Million

yen

%

 

Million

yen

%

 

Million

yen

 

%

 

Million

yen

%

 

Million

yen

%

Three months ended March 31, 2021

203,678

 

14.0

30,191

126.8

17,624

24.3

13,806

 

21.6

13,714

21.5

98,475

---

Three months ended March 31, 2020

178,743

 

19.0

13,313

---

14,178

---

11,358

 

---

11,289

---

(985)

---

 

Basic
earnings
per share

Diluted
earnings
per share

 

Yen

Yen

Three months ended March 31, 2021

7.92

7.75

Three months ended March 31, 2020

6.60

6.49


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