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Renesas Electronics Reports Financial Results for the Year Ended March 31, 2014
TOKYO --(Business Wire)--
Renesas Electronics Corporation (TSE:6723) today announced consolidated
financial results for the year ended March 31, 2014.
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Summary of Consolidated Financial Results
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Year ended
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March 31, 2014
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Billion Yen
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% of Net Sales
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Net sales
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833.0
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100.0
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Sales from semiconductors
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796.8
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Sales from others
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36.2
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Operating income (loss)
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67.6
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8.1
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Ordinary income (loss)
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58.6
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7.0
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Net income (loss)
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(5.3)
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(0.6)
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Capital expenditures
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29.3
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Depreciation and others
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76.7
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R&D expenses
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115.3
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Yen
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Exchange rate (USD)
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100
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Exchange rate (Euro)
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133
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As of March 31, 2014
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Billion Yen
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Total assets
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786.0
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Net assets
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227.3
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Equity
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214.6
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Equity ratio (%)
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27.3
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Interest-bearing debt
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270.9
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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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Capital expenditures refer to the amount of order placed for
property, plant and equipment (manufacturing equipment).
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Note 3:
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Depreciation and others includes depreciation and amortization
expenses and amortization of long-term prepaid expenses in quarterly
consolidated statements of cash flows.
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Consolidated Financial Results for the Year Ended March 31, 2014
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English translation from the original Japanese-language document
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May 9, 2014
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Company name
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:
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Renesas Electronics Corporation
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Stock exchanges on which the shares are listed
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:
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Tokyo Stock Exchange, First Section
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Code number
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:
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6723
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URL
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:
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http://www.renesas.com
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Representative
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:
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Hisao Sakuta, Representative Director, Chairman and CEO
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Contact person
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:
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Taizo Endo, Executive Manager
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Corporate Communications Dept
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Tel. +81 (0)3-6756-5552
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Date of the ordinary general shareholders' meeting (scheduled)
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June 25, 2014
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Filing date of Yukashoken Hokokusho (scheduled)
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June 25, 2014
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(Amounts are rounded to the nearest million yen)
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1. Consolidated financial results for year ended March 31, 2014
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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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Year ended March 31, 2014
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833,011
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6.0
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67,635
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---
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58,625
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---
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(5,291)
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---
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Year ended March 31, 2013
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785,764
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(11.0)
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(23,217)
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---
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(26,862)
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---
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(167,581)
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---
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Reference:
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Comprehensive income for the year ended March 31, 2014:
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8,783 million yen
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Comprehensive income for the year ended March 31, 2013:
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(148,542) million yen
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Net income (loss) per share basic
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Net income (loss) per share diluted
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Net income (loss) ratio per equity
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Ordinary income (loss) ratio per total assets
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Operating income (loss) ratio per sales
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Yen
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Yen
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%
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%
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%
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Year ended March 31, 2014
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(5.07)
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---
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(3.8)
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7.5
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8.1
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Year ended March 31, 2013
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(401.76)
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---
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(117.7)
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(3.5)
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(3.0)
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Reference:
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Equity in net income of affiliates of the year ended March 31, 2014:
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168 million yen
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Equity in net income of affiliates of the year ended March 31, 2013:
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40 million yen
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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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Net assets per share
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Million yen
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Million yen
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%
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Yen
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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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128.73
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March 31, 2013
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669,104
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77,924
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10.0
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160.01
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Reference:
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Equity as of March 31, 2014:
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214,601 million yen
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Equity as of March 31, 2013:
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66,744 million yen
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Note: Equity is equal to "Net assets" excluding "Share subscription
rights" and "Minority interests"
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1.3 Consolidated cash flows
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Cash flows from
operating activities
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Cash flows from
investing activities
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Cash flows from
financing activities
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Cash and cash
equivalents at the end of the year
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Million yen
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Million yen
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Million yen
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Million yen
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Year ended March 31, 2014
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93,722
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(19.241)
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107,007
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265,897
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Year ended March 31, 2013
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(54,101)
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(43,160)
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36,849
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77,731
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2. Cash dividends
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Cash dividends per share
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Total dividends during the year
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Dividends payout ratio
(consolidated)
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Dividends ratio per net assets
(consolidated)
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At the end of first quarter
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At the end of second quarter
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At the end of third quarter
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At the end of year
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Total
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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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---
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---
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---
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Year ended
March 31, 2013
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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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---
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---
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---
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Year ending
March 31, 2015
(forecast)
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---
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---
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---
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---
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---
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---
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3. Forecast of consolidated results for the three months
ending June 30, 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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Three months ending
June 30, 2014
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202,000
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0.7
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200,00
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17.9
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175,00
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13.8
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140,00
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--
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8.40
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Note:
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Change in forecast of consolidated results since the most recently
announced forecast: No
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Please refer to Appendix 1.3., "Consolidated Forecasts" on page 7.
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4. Others
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4.1 Changes in significant subsidiaries for the year ended March
31, 2014
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(Changes in specified subsidiaries resulting in changes in scope of
consolidation): No
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4.2 Changes in Accounting Policies, Changes in Accounting
Estimates and Corrections of Prior Period Errors
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1. Changes in accounting policies with revision of accounting
standard: Yes
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2. Changes in accounting policies except for "Changes in
Accounting Policies": No
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3. Changes in accounting estimates: No
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4. Corrections of prior period errors: No
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4.3 Number of shares issued and outstanding (common stock)
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1. Number of shares issued and outstanding (including treasury
stock)
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As of March 31, 2014: 1,667,124,490 shares
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As of March 31, 2013: 417,124,490 shares
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2. Number of treasury stock
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As of March 31, 2014: 2,548 shares
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As of March 31, 2013: 2,548 shares
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3. Average number of shares issued and outstanding
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For the year ended March 31, 2014: 1,043,834,271 shares
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For the year ended March 31, 2013: 417,121,942 shares
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(Reference) Non-consolidated results for the year ended March 31, 2014
Non-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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Year ended March 31, 2014
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738,088
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9.1
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22,386
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--
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15,554
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--
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(12,527)
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--
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Year ended March 31, 2013
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676,275
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(7.9)
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(61,050)
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--
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(30,781)
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--
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(189,002)
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--
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Net income
(loss) per share:
basic
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Net income
(loss) per share:
diluted
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Yen
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Yen
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Year ended March 31, 2014
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(12.00)
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--
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Year ended March 31, 2013
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(453.11)
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--
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Non-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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Net assets per share
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Million yen
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Million yen
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%
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Yen
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March 31, 2014
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731,800
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157,455
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21.5
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94.45
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March 31, 2013
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667,145
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19,880
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3.0
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47.66
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Reference:
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Equity at the end of the year ended March 31, 2014:
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157,455 million yen
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Equity at the end of the year ended March 31, 2013:
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19,880 million yen
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(Note) Information regarding the implementation of audit procedures
These
financial statements are under the audit procedures based upon the
Financial Instruments and Exchange Act at 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 are forward-looking statements involving risks and
uncertainties. The Company cautions you in advance that actual results
may differ materially from such forward-looking statements due to
changes in several important factors.
The Renesas Electronics Corporation and its consolidated subsidiaries
(hereafter "the Group") will hold an earnings conference for
institutional investors and analysts on May 9, 2014. The Group plans to
post the materials which are provided at the meeting, on the Group's
homepage on that day.
About Renesas Electronics Corporation
Renesas Electronics Corporation (TSE:6723), the world's number one
supplier of microcontrollers, is a premier supplier of advanced
semiconductor solutions including microcontrollers, SoC solutions and a
broad-range of analog and power devices. Business operations began as
Renesas Electronics in April 2010 through the integration of NEC
Electronics Corporation (TSE:6723) and Renesas Technology (News - Alert) Corp., with
operations spanning research, development, design and manufacturing for
a wide range of applications. Headquartered in Japan, Renesas
Electronics has subsidiaries in 20 countries worldwide. More information
can be found at www.renesas.com.
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