TOKYO — (BUSINESS WIRE) — February 8, 2016 — Renesas Electronics Corporation (TSE:6723) today announced consolidated financial results for the nine months ended December 31, 2015.
Summary of Consolidated Financial Results
|
Three months ended
December 31, 2015 |
Nine months ended
December 31, 2015 |
|||||||
| Billion Yen | % of Net Sales | Billion Yen | % of Net Sales | |||||
| Net sales | 164.8 | 100.0 | 525.5 | 100.0 | ||||
| Sales from semiconductors | 160.9 | 512.4 | ||||||
| Sales from others | 3.9 | 13.1 | ||||||
| Operating income | 25.0 | 15.1 | 88.1 | 16.8 | ||||
| Ordinary income | 23.7 | 14.4 | 90.9 | 17.3 | ||||
| Net income attributable to shareholders of parent company | 18.6 | 11.3 | 76.0 | 14.5 | ||||
| Capital expenditures (Note 2) | 18.6 | 49.6 | ||||||
| Depreciation and others | 16.0 | 46.9 | ||||||
| R&D expenses | 23.5 | 70.1 | ||||||
| Yen | Yen | |||||||
| Exchange rate (USD) | 121 | 122 | ||||||
| Exchange rate (EUR) | 134 | 134 | ||||||
| As of December 31, 2015 | ||||||||
| Billion Yen | ||||||||
| Total assets | 862.8 | |||||||
| Net assets | 379.3 | |||||||
| Equity Capital | 377.0 | |||||||
| Equity ratio (%) | 43.7 | |||||||
| Interest-bearing debt | 252.1 | |||||||
| 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) and intangible assets. |
| 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, 2015 English translation from the original Japanese-language document |
||
|
|
February 9, 2016 |
|
| Company name |
: Renesas Electronics Corporation |
|
| Stock exchanges on which the shares are listed | : Tokyo Stock Exchange, First Section | |
| Code number | : 6723 | |
| URL | ||
| Representative | : Tetsuya Tsurumaru, Representative | |
|
Director, President and CEO |
||
| Contact person | : Yoichi Kobayashi, Department Manager | |
| Corporate Communications Dept., | ||
| Tel. +81 (0)3-6773-3002 | ||
| Filing date of Shihanki Hokokusho (scheduled) | : February 9, 2016 | |
| (Amounts are rounded to the nearest million yen) | ||
1. Consolidated financial results for the nine months ended December 31, 2015
1.1 Consolidated financial results (% of change from corresponding period of the previous year)
| Net sales |
Operating
|
Ordinary
|
Net income
|
|||||||||||||
| Million yen | % | Million yen | % | Million yen | % | Million yen | % | |||||||||
| Nine months ended December 31, 2015 | 525,497 | (13.7) | 88,057 | 10.1 | 90,859 | 10.4 | 76,000 | 3.7 | ||||||||
| Nine months ended December 31, 2014 | 608,864 | (3.7) | 79,986 | 57.9 | 82,283 | 90.3 | 73,320 | 620.9 | ||||||||
| Reference: | Comprehensive income for the nine months ended December 31, 2015: 67,417 million yen (-30.2%) |
| Comprehensive income for the nine months ended December 31, 2014: 96,543 million yen (250.6%) |
|
Net income per
|
Net income per
|
|||
| Yen | Yen | |||
| Nine months ended December 31, 2015 | 45.59 | --- | ||
| Nine months ended December 31, 2014 | 43.98 | --- | ||
1.2 Consolidated financial position
| Total assets | Net assets | Equity ratio | ||||
| Million yen | Million yen | % | ||||
| December 31, 2015 | 862,757 | 379,317 | 43.7 | |||
| March 31, 2015 | 840,087 | 311,909 | 36.8 |
| Reference: | Equity as of December 31, 2015: | 377,041 million yen |
| Equity as of March 31, 2015: | 309,529 million yen | |
2. Cash dividends
| Cash dividends per share | ||||||||||
|
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, 2015 | --- | 0.00 | --- | 0.00 | 0.00 | |||||
| Year ending March 31, 2016 | --- | 0.00 | --- | |||||||
|
Year ending March 31, 2016
(forecast) |
0.00 | 0.00 | ||||||||
| Note: | Change in forecast of cash dividends since the most recently announced forecast: Yes |
| For details, please refer to Appendix 1.4., “Forecasts of Cash Dividends” on page 6. | |
3. Forecast of consolidated results for the year ending March 31, 2016 (% of change from corresponding period of the previous year)
| Net sales |
Operating
|
Ordinary income |
Net income
|
Net income per
|
||||||||||||||
| Million yen | % | Million yen | % | Million yen | % | Million yen | % | yen | ||||||||||
| Year ending March 31, 2016 |
690,000 |
(12.8) |
100,000 |
(4.2) |
101,500 |
(3.6) |
82,000 |
(0.4) |
49.19 |
|||||||||
| Note: | Change in forecast of consolidated results since the most recently announced forecast: Yes |
| For details, please refer to Appendix 1.3., “Consolidated Forecasts” on page 6 | |
4. Others
| 4.1 | Changes in significant subsidiaries for the nine months ended December 31, 2015 | ||
| (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 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: Yes | |||
| (Note) For details, please refer to page 7. | |||
| 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 December 31, 2015: | 1,667,124,490 shares | ||
| As of March 31, 2015: | 1,667,124,490 shares | ||
|
|
2. Number of treasury stock |
||
| As of December 31, 2015: | 2,581 shares | ||
| As of March 31, 2015: | 2,548 shares | ||
| 3. Average number of shares issued and outstanding | |||
| For the nine months ended December 31, 2015: | 1,667,121,929 shares | ||
| For the nine months ended December 31, 2014: | 1,667,121,942 shares | ||
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 (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 February 9, 2016. The Group plans to post the materials which are provided at the meeting, on the Group’s website on that day. |
(Notes on Assumption for Going Concern）
None
(Notes on Significant Changes in the Amount of Shareholders’ Equity）
In accordance with a resolution at the 13th ordinary general meeting of shareholders held on June 24, 2015, the Company has reduced 218,255 million yen of common stock and 163,789 million yen of capital legal reserve respectively, and transferred the amounts to the other capital surplus on September 30th, 2015. The Company has covered its deficiency by transferring 551,749 million yen from other capital surplus to retained earnings brought forward following the reductions of common stock and capital legal reserve on September 30th, 2015.
Forward-Looking Statements
The statements in this press release with respect to the plans, strategies and financial outlook of Renesas Electronics Corporation and its consolidated subsidiaries (collectively “we”) 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 several important factors including, but not limited to, general economic conditions in our markets, which are primarily Japan, North America, Asia, and Europe; demand for, and competitive pricing pressure on, products and services in the marketplace; ability to continue to win acceptance of products and services in these highly competitive markets; and fluctuations in currency exchange rates, particularly between the yen and the U.S. dollar. Among other factors, downturn of the world economy; deteriorating financial conditions in world markets, or deterioration in domestic and overseas stock markets, may cause actual results to differ from the projected results forecast.
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160208006461/en/
Contact:
Renesas Electronics Corporation
Kyoko Okamoto, +81 3-6773-3001
(Media)
Email Contact
Makie
Uehara, +81 3-6773-3002 (Investors)
Email Contact