TOKYO — (BUSINESS WIRE) — August 5, 2014 — Renesas Electronics Corporation (TSE:6723) today announced consolidated financial results for the three months ended June 30, 2014.
Summary of Consolidated Financial Results
| Three months ended June 30, 2014 | ||||
| Billion Yen |
% of Net Sales |
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| Net sales | 209.3 | 100.0 | ||
| Sales from semiconductors | 201.2 | |||
| Sales from others | 8.1 | |||
| Operating income (loss) | 27.0 | 12.9 | ||
| Ordinary income (loss) | 25.3 | 12.1 | ||
| Net income (loss) | 21.2 | 10.1 | ||
| Capital expenditures | 8.2 | |||
| Depreciation and others | 16.4 | |||
| R&D expenses | 24.0 | |||
| Exchange rate (USD) | 102 | |||
| Exchange rate (Euro) | 141 | |||
| As of June 30, 2014 | ||||
| Billion Yen | ||||
| Total assets | 796.9 | |||
| Net assets | 223.5 | |||
| Equity | 209.6 | |||
| Equity ratio (%) | 26.3 | |||
| Interest-bearing debt | 270.1 | |||
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Note 1: |
All figures are rounded to the nearest 100 million yen. | |
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Note 2: |
Capital expenditures refer to the amount of order placed for property, plant and equipment (manufacturing equipment). | |
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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 First Quarter Ended June 30, 2014 | ||
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English translation from the original Japanese-language document |
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August 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 | |
| Code number | : 6723 | |
| URL | ||
| Representative | : Hisao Sakuta, Representative Director, | |
| Chairman and CEO | ||
| Contact person | : Taizo Endo, Executive Manager | |
| Corporate Communications Dept | ||
| Tel. +81 (0)3-6756-5552 | ||
| Filing date of Shihanki Hokokusho (scheduled) | : August 6, 2014 | |
| (Amounts are rounded to the nearest million yen) | ||
1. Consolidated financial results for the three months ended June 30, 2014
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1.1 Consolidated financial results |
(% of change from corresponding period of the previous year) |
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| Net sales |
Operating income
|
Ordinary income
|
Net income
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| Million yen | % | Million yen | % | Million yen | % | Million yen | % | |||||||||
| Three months ended June 30, 2014 | 209,259 | 5.1 | 26,984 | 175.9 | 25,343 | 196.8 | 21,199 | --- | ||||||||
| Three months ended June 30, 2013 | 199,057 | 6.7 | 9,779 | --- | 8,538 | --- | (3,990) | --- | ||||||||
| Reference: | Comprehensive income for the three months ended June 30, 2014: | 21,301 million yen (810.3%) | ||
| Comprehensive income for the three months ended June 30, 2013: | 2,340 million yen (---%) |
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Net income (loss)
|
Net income (loss)
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|||
| Yen | Yen | |||
| Three months ended June 30, 2014 | 12.72 | --- | ||
| Three months ended June 30, 2013 | (9.57) | --- | ||
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1.2 Consolidated financial position |
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| Total assets | Net assets | Equity ratio | ||||
| Million yen | Million yen | % | ||||
| June 30, 2014 | 796,896 | 223,532 | 26.3 | |||
| March 31, 2014 | 786,002 | 227,314 | 27.3 | |||
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Reference: |
Equity as of June 30, 2014: |
209,603 million yen |
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Equity as of March 31, 2014: |
214,601 million yen |
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| Note: Equity is equal to “Net assets” excluding “Share subscription rights” and “Minority interests” | |||
2. Cash dividends
| Cash dividends per share | ||||||||||
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At the end of
|
At the end of
|
At the end of
|
At the end of
|
Total | ||||||
| Yen | Yen | Yen | Yen | Yen | ||||||
| Year ended March 31, 2014 | --- | 0.00 | --- | 0.00 | 0.00 | |||||
| Year ending March 31, 2015 | --- | |||||||||
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Year ending March 31, 2015
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0.00 | --- | --- | --- | ||||||
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Note: |
Change in forecast of cash dividends since the most recently announced forecast: Yes |
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| For details, please refer to Appendix 1.4., “Forecasts of Cash Dividends” on page 5. | ||
3. Forecast of consolidated results for the six months ending September 30, 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 income
|
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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Six months ending
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413,000 | (0.9) | 46,000 | 122.4 | 41,000 | 194.8 | 28,000 | -- | 16.80 | |||||||||
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Note: |
Change in forecast of consolidated results since the most recently announced forecast: Yes |
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| For details, please refer to Appendix 1.3., “Consolidated Forecasts” on page 5. | ||
4. Others
4.1 Changes in significant subsidiaries for the three months ended June 30, 2014
(Changes in specified subsidiaries resulting in changes in scope of consolidation): No
4.2 Adoption of special accounting policies for quarterly financial statements: Yes
(Note) For details, please refer to page 6.
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: Yes
(Note) For details, please refer to page 6.
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)
1. Number of shares issued and outstanding (including treasury stock)
As of June 30, 2014: 1,667,124,490 shares
As of March 31, 2014: 1,667,124,490 shares
2. Number of treasury stock
As of June 30, 2014: 2,548 shares
As of March 31, 2014: 2,548 shares
3. Average number of shares issued and outstanding
For the three months ended June 30, 2014: 1,667,121,942 shares
For the three months ended June 30, 2013: 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.
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Cautionary Statement |
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The statements with respect to the financial outlook of Renesas Electronics Corporation (hereafter “the Company”) and its consolidated subsidiaries (hereafter “the Group”) 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 Group will hold a quarterly earnings conference for institutional investors and analysts on August 6, 2014. The Group plans to post the materials which are provided at the meeting, on the Group’s website 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.
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Renesas Electronics Corporation
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