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Renesas Electronics Reports Financial Results for the Second Quarter Ended September 30, 2014
TOKYO --(Business Wire)--
Renesas Electronics Corporation (TSE:6723) today announced consolidated
financial results for the six months ended September 30, 2014.
Summary of Consolidated Financial Results
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Three months ended
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Six months ended
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September 30, 2014
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September 30, 2014
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Billion Yen
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% of Net Sales
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Billion Yen
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% of Net Sales
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Net sales
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207.7
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100.0
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416.9
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100.0
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Sales from semiconductors
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199.6
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400.8
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Sales from others
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8.1
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16.1
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Operating income (loss)
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23.5
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11.3
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50.5
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12.1
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Ordinary income (loss)
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23.8
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11.4
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49.1
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11.8
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Net income (loss)
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13.9
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6.7
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35.1
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8.4
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Capital expenditures
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6.7
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15.0
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Depreciation and others
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17.6
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34.0
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R&D expenses
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26.3
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53.0
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Yen
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Exchange rate (USD)
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102
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102
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Exchange rate (Euro)
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138
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139
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As of September 30, 2014
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Billion Yen
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Total assets
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836.8
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Net assets
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248.6
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Equity Capital
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233.6
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Equity ratio (%)
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27.9
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Interest-bearing debt
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268.9
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Note 1:
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All figures are rounded to the nearest 100 million yen.
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Note 2:
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Consolidated financial results for the six months ended September
30, 2014 have not been reviewed by the auditors. The figures are
subject to change based on subsequent events or the auditors'
review. Renesas Electronics Corporation will promptly notify the
correction by issuing a press release.
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Note 3:
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Capital expenditures refer to the amount of order placed for
property, plant and equipment (manufacturing equipment).
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Note 4:
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Depreciation and others includes depreciation and amortization of
intangible assets and amortization of long-term prepaid expenses in
quarterly consolidated statements of cash flows.
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Consolidated Financial Results for the Second Quarter Ended
September 30, 2014
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English translation from the original Japanese-language document
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October 29, 2014
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Company name
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: Renesas Electronics Corporation
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Stock exchanges on which the shares are listed
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: Tokyo Stock Exchange, First Section
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Code number
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: 6723
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URL
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: http://www.renesas.com
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Representative
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: Hisao Sakuta, Representative Director,
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Chairman and CEO
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Contact person
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: Taizo Endo, Senior Expert
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Corporate Communications Dept, CEO
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Office
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Tel. +81 (0)3-6756-5552
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Filing date of Shihanki Hokokusho (scheduled)
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: November 5, 2014
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(Amounts are rounded to the nearest million yen)
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1. Consolidated financial results for the six months ended
September 30, 2014
1.1 Consolidated financial results
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(% of change from corresponding period of the previous year)
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Net sales
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Operating income
(loss)
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Ordinary income
(loss)
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Net income
(loss)
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Million yen
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%
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Million yen
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%
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Million yen
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%
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Million yen
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%
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Six months ended September 30, 2014
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416,928
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0.0
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50,526
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144.2
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49,094
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252.9
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35,118
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---
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Six months ended September 30, 2013
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416,866
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1.8
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20,688
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---
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13,910
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---
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(12,810)
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---
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Reference:
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Comprehensive income for the six months ended September 30, 2014:
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46,661 million yen (---%)
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Comprehensive income for the six months ended September 30, 2013:
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(6,137 million yen) (---%)
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Net income (loss)
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Net income (loss)
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per share basic
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per share diluted
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Yen
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Yen
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Six months ended September 30, 2014
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21.07
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---
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Six months ended September 30, 2013
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(30.22)
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---
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1.2 Consolidated financial position
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Total assets
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Net assets
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Equity ratio
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Million yen
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Million yen
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%
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September 30, 2014
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836,752
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248,591
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27.9
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March 31, 2014
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786,002
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227,314
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27.3
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Reference:
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Equity as of September 30, 2014:
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233,592 million yen
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Equity as of March 31, 2014:
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214,601 million yen
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Note: Equity is equal to "Net assets" excluding "Share
subscription rights" and "Minority interests"
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2. Cash dividends
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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
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first quarter
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second quarter
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third quarter
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year
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Yen
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Yen
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Yen
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Yen
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Yen
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Year ended March 31, 2014
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---
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0.00
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---
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0.00
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0.00
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Year ending March 31, 2015
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---
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0.00
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Year ending March 31, 2015
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---
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---
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---
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(forecast)
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Note: Change in forecast of cash dividends since the most recently
announced forecast: No
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3. Forecast of consolidated results for the nine months ending
December 31, 2014
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(% of change from corresponding period of the previous year)
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Net sales
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Operating
income (loss)
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Ordinary income
(loss)
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Net income
(loss)
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Net
income
(loss) per
share
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Million yen
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%
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Million yen
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%
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Million yen
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%
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Million yen
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%
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yen
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Nine months ending December 30, 2014
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595,900
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(5.8)
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63,500
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25.3
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60,100
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39.0
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46,100
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353.2
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27.65
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Note:
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Change in forecast of consolidated results since the most recently
announced forecast: Yes
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Renesas Electronics Group reports its consolidated forecasts on a
quarterly basis as substitute for a yearly forecast. For details,
please refer to Appendix 1.3., "Consolidated Forecasts" on page 6.
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4. Others
4.1 Changes in significant subsidiaries for the six months ended
September 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 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 September 30, 2014: 1,667,124,490 shares
As of March 31, 2014: 1,667,124,490 shares
2. Number of treasury stock
As of September 30, 2014: 2,548 shares
As of March 31, 2014: 2,548 shares
3. Average number of shares issued and outstanding
For the six months ended September 30, 2014: 1,667,121,942 shares
For the six months ended September 30, 2013: 423,952,543 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. These
are under the review procedures for the quarterly financial report at
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.
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The Group will hold a quarterly earnings conference for
institutional investors and analysts on October 29, 2014. The Group
plans to post the materials which are provided at the meeting, on
the Group's website on that day.
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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 (News - Alert) 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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