Notice Concerning the Difference between Forecasts and Actual Financial Results for the Three Months Ended June 30, 2015
By Business Wire News
By Business Wire News
Renesas Electronics Corporation (TSE:6723), a premier supplier of advanced semiconductor solutions, today announced the difference between its consolidated financial forecasts, which it disclosed on May 12, 2015, and the actual results, which it disclosed today, for the three months ended June 30, 2015 (the period from April 1, 2015 to June 30, 2015).
1. Difference between consolidated forecasts and actual results for the three months ended June 30, 2015
(April 1, 2015 to June 30, 2015)
In millions of yen
|Previous forecasts (As of May 12, 2015)||180,000||25,000||23,000||20,000||12.00|
Results for the three months ended June 30, 2014
Background to the difference
Renesas announced the following financial results for the three months ended June 30, 2015: net sales were 179.3 billion yen, 0.7 billion yen lower than the previous forecast (announced on May 12, 2015); semiconductor sales were 174.5 billion yen, 0.5 billion yen up from the previous forecast.
Operating income, ordinary income and net income attributable to shareholders of parent company were all better than the company’s estimates, mainly owing to the cost-containment efforts and the positive effects of a weaker yen.
Details that explain Renesas’ announcement of financial results for the three months ended June 30, 2015 are disclosed in the Renesas press release: ‘‘Renesas Electronics Reports Financial Results for the First Quarter Ended June 30, 2015’’ issued on July 31, 2015.
The statements in this press release with respect to the plans, strategies and financial outlook of Renesas Electronics 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 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 has subsidiaries in 20 countries worldwide. More information can be found at www.renesas.com.