While consolidated net sales for the three months ending March 31, 2018 are expected to be 182.0 billion yen, 2.7 percent up year on year, Renesas expects the operating income to decrease by 12.1 billion yen year on year, mainly due to increases in depreciation and raw material costs as well as R&D and selling, general and administrative expenses.

The consolidated forecasts for the first quarter ending March 31, 2018 are calculated at the rate of 107 yen per USD and 132 yen per Euro.

Refer to Renesas Electronics’ press release “Renesas Electronics Reports Financial Results for the Year Ended December 31, 2017” issued on February 9, 2018 for more details.

The statements with respect to the financial outlook of the Group are forward-looking statements involving risks and uncertainties. The Company cautions you in advance that actual results may vary materially from such forward-looking statements due to several important factors.

About Renesas Electronics Corporation

Renesas Electronics Corporation ( TSE: 6723) delivers trusted embedded design innovation with complete semiconductor solutions that enable billions of connected, intelligent devices to enhance the way people work and live—securely and safely. A global leader in microcontrollers, analog, power and SoC products, Renesas provides the expertise, quality, and comprehensive solutions for a broad range of Automotive, Industrial, Home Electronics, Office Automation and Information Communication Technology applications to help shape a limitless future. Learn more at renesas.com.

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