TOKYO — (BUSINESS WIRE) — February 5, 2014 — Renesas Electronics Corporation (TSE:6723) today announced consolidated financial results for the three months and nine months ended December 31, 2013.
Summary of Consolidated Financial Results
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Three months ended |
Nine months ended |
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December 31, 2013 |
December 31, 2013 |
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| Billion Yen | % of Net Sales | Billion Yen | % of Net Sales | |||||
| Net sales | 215.6 | 100.0 | 632.5 | 100.0 | ||||
| Sales from semiconductors | 207.6 | 605.0 | ||||||
| Sales from others | 8.0 | 27.5 | ||||||
| Operating income (loss) | 30.0 | 13.9 | 50.7 | 8.0 | ||||
| Ordinary income (loss) | 29.3 | 13.6 | 43.2 | 6.8 | ||||
| Net income (loss) | 23.0 | 10.7 | 10.2 | 1.6 | ||||
| Capital expenditures | 6.7 | 26.0 | ||||||
| Depreciation and others | 18.5 | 56.9 | ||||||
| R&D expenses | 24.8 | 89.2 | ||||||
| Yen | Yen | |||||||
| Exchange rate (USD) | 99 | 98 | ||||||
| Exchange rate (Euro) | 134 | 130 | ||||||
| As of December 31, 2013 | ||||||||
| Billion Yen | ||||||||
| Total assets | 795.8 | |||||||
| Net assets | 252.2 | |||||||
| Equity Capital | 240.4 | |||||||
| Equity ratio (%) | 30.2 | |||||||
| Interest-bearing debt | 280.9 | |||||||
| Note 1: | All figures are rounded to the nearest 100 million yen. | |
| Note 2: | Capital expenditures refer to the amount of order placed for property, plant and equipment (manufacturing equipment). | |
| Note 3: | Depreciation and others includes depreciation and amortization of intangible assets and amortization of long-term prepaid expenses in quarterly consolidated statements of cash flows. |
Consolidated Financial Results for the Third Quarter Ended December 31, 2013
English translation from the original Japanese-language document
February 6, 2014
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Company name |
: Renesas Electronics Corporation |
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Stock exchanges on which the shares are listed |
: Tokyo Stock Exchange, First Section |
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Code number |
: 6723 |
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URL |
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Representative |
: Hisao Sakuta, Representative Director, |
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Chairman and CEO |
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Contact person |
: Taizo Endo, Executive Manager |
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Corporate Communications Dept |
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Tel. +81 (0)3-6756-5552 |
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Filing date of Shihanki Hokokusho (scheduled) |
: February 6, 2014 |
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| (Amounts are rounded to the nearest million yen) |
1. Consolidated financial results for the nine months ended December 31, 2013
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1.1 Consolidated operating results |
(% of change from corresponding period of the previous year) |
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| Net sales |
Operating
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Ordinary
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Net
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| Million yen | % | Million yen | % | Million yen | % | Million yen | % | ||||||||||||
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Nine months ended December 31, 2013 |
632,508 |
5.3 |
50,667 |
--- |
43,244 |
--- |
10,171 |
--- | |||||||||||
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Nine months ended December 31, 2012 |
600,398 |
(10.8) |
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(31,240) |
--- |
(35,535) |
--- |
(161,722) |
--- | ||||||||||
| Reference: | Comprehensive income for the nine months ended December 31, 2013: | 27,539 million yen | |||
| Comprehensive income for the nine months ended December 31, 2012: | (153,083) million yen | ||||
| Net income (loss) | Net income (loss) | |||
| per share basic | per share diluted | |||
| Yen | Yen | |||
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Nine months ended December 31, 2013 |
12.11 |
--- |
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Nine months ended December 31, 2012 |
(387.71) |
--- |
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1.2 Consolidated financial condition |
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| Total assets | Net assets | Equity ratio | ||||
| Million yen | Million yen | % | ||||
| December 31, 2013 | 795,802 | 252,245 | 30.2 | |||
| March 31, 2013 | 669,104 | 77,924 | 10.0 | |||
| Reference: | Equity as of December 31, 2013: | 240,365 million yen | ||
| Equity as of March 31, 2013: | 66,744 million yen | |||
2. Cash dividends
| Cash dividends per share | ||||||||||
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At the end of
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At the end of
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At the end of
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At the end of
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Total | ||||||
| Yen | Yen | Yen | Yen | Yen | ||||||
| Year ended March 31, 2013 | --- | 0.00 | --- | 0.00 | 0.00 | |||||
| Year ending March 31, 2014 | --- | 0.00 | --- | |||||||
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Year ending March 31, 2014
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0.00 | 0.00 | ||||||||
| Note: | Change in forecast of cash dividends since the most recently announced forecast: | Yes | ||
| For details, please refer to page 7. | ||||
3. Forecast of consolidated results for the year ending March 31, 2014
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(% of change from corresponding period of the previous year) |
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| Net sales |
Operating
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Ordinary
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Net income
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Net income
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| Million yen | % | Million yen | % | Million yen | % | Million yen | % | Yen | % | |||||||||||
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Year ending March 31, 2014 |
822,500 | 4.7 | 54,700 | -- | 44,200 | -- | (21,800) | -- | (20.88) | -- | ||||||||||
| Note: | Change in forecast of consolidated financial results since the most recently announced forecast: | Yes | ||
| For details, please refer to page 7. |
4. Others
| 4.1 | Changes in significant subsidiaries for the nine months ended December 31, 2013 | |||
| (Changes in specified subsidiaries resulting in changes in scope of consolidation): | Yes | |||
| (Note) For details, please refer to page 7. | ||||
| 4.2 | Adoption of special accounting policies for quarterly financial statements: | Yes | ||
| (Note) For details, please refer to page 7. | ||||
| 4.3 | Changes in Accounting Policies, Changes in Accounting Estimates and Corrections of Prior Period Errors | |
| 1. Changes in accounting policies with revision of accounting standard: No | ||
| 2. Changes in accounting policies except for 4.3.1: No | ||
| 3. Changes in accounting estimates: No | ||
| 4. Corrections of prior period errors: No | ||
| 4.4 |
Number of shares issued and outstanding (common stock) |
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1. Number of shares issued and outstanding (including treasury stock) |
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| As of December 31, 2013: | 1,667,124,490 shares | |||||
| As of March 31, 2013: | 417,124,490 shares | |||||
| 2. |
Number of treasury stock |
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| As of December 31, 2013: | 2,548 shares | |||||
| As of March 31, 2013: | 2,548 shares | |||||
| 3. |
Average number of shares issued and outstanding |
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| For the nine months ended December 31, 2013: | 839,849,215 shares | |||||
| For the nine months ended December 31, 2012: | 417,121,942 shares | |||||
(Note) Information regarding the implementation of quarterly review
procedures
These quarterly financial results are not subject to
quarterly review procedures based upon the Financial Instruments and
Exchange Act. The review procedures for the quarterly financial report
have been completed by the time of issuance of this report.
Cautionary Statement
The statements with respect to the financial outlook of Renesas Electronics Corporation (hereafter “the Company”) and its consolidated subsidiaries are forward-looking statements involving risks and uncertainties. We caution you in advance that actual results may differ materially from such forward-looking statements due to changes in several important factors.
The Renesas Electronics Corporation and its consolidated subsidiaries (hereafter “the Group”) will hold a quarterly earnings conference for institutional investors and analysts on February 6, 2014. The Group plans to post the materials which are provided at the meeting, on the Group’s homepage on that day.
About Renesas Electronics Corporation
Renesas Electronics Corporation (TSE:6723), the world’s number one supplier of microcontrollers, is a premiere supplier of advanced semiconductor solutions including microcontrollers, SoC solutions and a broad-range of analog and power devices. Business operations began as Renesas Electronics Corporation in April 2010 through the integration of NEC Electronics Corporation (TSE:6723) and Renesas Technology Corp., with operations spanning research, development, design and manufacturing for a wide range of applications. Headquartered in Japan, Renesas Electronics Corporation has subsidiaries in approximately 20 countries worldwide. More information can be found at www.renesas.com.
Contact:
Renesas Electronics Corporation
Media Contacts
Kyoko
Okamoto, +81 3-6756-5555
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Investor
Contacts
Ai Kanehira, +81 3-6756-5552
Email Contact