Renesas Reports Financial Results for the Third Quarter Ended September 30, 2024

Reconciliation of Non-GAAP gross profit to IFRS gross profit and Non-GAAP operating profit to IFRS operating profit

(Billion yen)

 

Three months ended

September 30, 2024

Nine months ended

September 30, 2024

Non-GAAP gross profit

192.8

595.7

Non-GAAP gross margin

55.9%

56.4%

Amortization of purchased intangible assets and depreciation of property, plant and equipment

(0.2)

(0.8)

Stock-based compensation

(0.8)

(2.1)

Other reconciliation items in non-recurring expenses and adjustments (Note 4)

0.4

(2.4)

IFRS gross profit

192.2

590.6

IFRS gross margin

55.7%

55.9%

 

 

 

Non-GAAP operating profit

98.4

322.5

Non-GAAP operating margin

28.5%

30.5%

Amortization of purchased intangible assets and depreciation of property, plant and equipment

(28.7)

(85.0)

Stock-based compensation

(10.0)

(24.9)

Other reconciliation items in non-recurring expenses and adjustments (Note 4)

(2.4)

(7.8)

IFRS operating profit

57.2

204.8

IFRS operating margin

16.6%

19.4%

Note 1:

 

All figures are rounded to the nearest 100 million yen.

Note 2:

 

Non-GAAP figures are calculated by removing or adjusting non-recurring items and other adjustments from GAAP (IFRS) figures following a certain set of rules. The Group believes Non-GAAP measures provide useful information in understanding and evaluating the Group’s constant business results.

Note 3:

 

Operating profit + Depreciation and amortization.

Note 4:

 

“Other reconciliation items in non-recurring expenses and adjustments” includes the non-recurring items related to acquisitions and other adjustments as well as non-recurring profits or losses the Group believes to be applicable.

RENESAS ELECTRONICS CORPORATION

Consolidated Financial Results for the Third Quarter Ended September 30, 2024

English translation from the original Japanese-language document

 

October 31, 2024

 

Company name

: Renesas Electronics Corporation

Stock exchanges on which the shares are listed

: Tokyo Stock Exchange, Prime Market

Code number

: 6723

URL

: https://www.renesas.com

Representative

: Hidetoshi Shibata, President and CEO

Contact person

: Tomohiko Sato, Vice President, Investor Relations

Tel. +81 (0)3-6773-3002

 

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