MRO Magazine

Renesas Electronics Reports Financial Results for the First Quarter Ended June 30, 2015


July 31, 2015
By Business Wire News

TOKYO

Renesas Electronics Corporation (TSE:6723) today announced consolidated financial results for the three months ended June 30, 2015.

Summary of Consolidated Financial Results

   Three months ended
June 30, 2015
  Billion Yen   % of Net Sales
Net sales 179.3 100.0
Sales from semiconductors 174.5
Sales from others 4.8
Operating income 32.4 18.0
Ordinary income 33.4 18.6
Net income attributable to shareholders of parent company   29.9   16.7
Capital expenditures 19.6
Depreciation and others 15.4
R&D expenses   19.7    
Yen
Exchange rate (USD) 120
Exchange rate (Euro)   131    
     
   As of June 30, 2015
Billion Yen
Total assets 851.8
Net assets 344.7
Equity Capital 342.4
Equity ratio (%) 40.2
Interest-bearing debt   259.4
Note 1:   All figures are rounded to the nearest 100 million yen.
Note 2: Consolidated financial results for the three months ended June 30, 2015 have not been reviewed by the auditors. The figures are subject to change based on subsequent events or the auditors’ review.
Note 3: Due to the amendments of “Accounting Standard for Business Combinations” and so forth, Renesas Electronics Group has changed the presentation of “Net income” into “Net income attributable to shareholders of parent company” from the first quarter ended June 30, 2015.
Note 4: Capital expenditures refer to the amount of order placed for property, plant and equipment (manufacturing equipment).
Note 5: Depreciation and others includes depreciation and amortization of intangible assets and amortization of long- term prepaid expenses in quarterly consolidated statements of cash flows.
 

 

Consolidated Financial Results for the First Quarter Ended June 30, 2015

English translation from the original Japanese-language document
 

July 31, 2015

 
Company name  

: Renesas Electronics Corporation

Stock exchanges on which the shares are listed : Tokyo Stock Exchange, First Section
Code number : 6723
URL : http://www.renesas.com
Representative : Takao Endo, Representative Director,
Chairman and CEO
Contact person : Yoichi Kobayashi, Department Manager
Corporate Communications Dept, CEO
Office
Tel. +81 (0)3-6773-3002
Filing date of Shihanki Hokokusho (scheduled) : August 6, 2015
 
(Amounts are rounded to the nearest million yen)
 

1.Consolidated financial results for the three months ended June 30, 2015

1.1 Consolidated financial results

 

(% of change from corresponding period of the previous year)

     Net sales  

Operating

income

 

Ordinary income

 

Net income

attributable to

shareholders of

parent company

  Million yen   % Million yen   %   Million yen   %   Million yen   %
 

Three months ended June 30, 2015

179,302

(14.3)

32,363 19.9 33,367 31.7 29,872 40.9

 

Three months ended June 30, 2014

  209,259   5.1   26,984   175.9   25,343   196.8   21,199  
Reference: Comprehensive income for the three months ended June 30, 2015: 32,844 million yen (54.2%)
Comprehensive income for the three months ended June 30, 2014: 21,301 million yen (810.3%)
 
   

Net income per

share basic

 

Net income per

share diluted

  Yen   Yen
Three months ended June 30, 2015 17.92
 
Three months ended June 30, 2014   12.72  
 

1.2Consolidated financial position

     Total assets  Net assets  Equity ratio
  Million yen   Million yen   %
June 30, 2015 851,750 344,744 40.2
 
March 31, 2015   840,087   311,909   36.8
Reference:

Equity as of June 30, 2015:

342,354 million yen

Equity as of March 31, 2015:

309,529 million yen

 

2.Cash dividends

     Cash dividends per share
   

At the end of

first quarter

 

At the end of

second

quarter

 

At the end of

third quarter

 

At the end of

year

  Total
  Yen   Yen   Yen   Yen   Yen
Year ended March 31, 2015 0.00 0.00 0.00
Year ending March 31, 2016                  

Year ending March 31, 2016 (forecast)

      0.00      
Note: Change in forecast of cash dividends since most recently announced forecast: Yes
For details, please refer to Appendix 1.4., “Forecasts of Cash Dividends” on page 5.
 
3. Forecast of consolidated results for the six months ending September 30, 2015
 

(% of change from corresponding period of the previous year)

   Net sales  

Operating

income

 Ordinary income  

Net income

attributable to

shareholders of

parent company

 

Net

income

per share

  Million yen   %   Million yen   %   Million yen   %   Million yen   %   yen
Six months ending September 30, 2015   364,000   (12.7)   59,000   16.8   58,000   18.1   44,000   25.3   26.39

Note: Change in forecast of consolidated results since the most recently announced forecast: Yes

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 5.

 

4.Others

4.1 Changes in significant subsidiaries for the three months ended June 30, 2015

(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 6.

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 6.

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 June 30, 2015: 1,667,124,490 shares

As of March 31, 2015: 1,667,124,490 shares

2. Number of treasury stock

As of June 30, 2015: 2,548 shares

As of March 31, 2015: 2,548 shares

3. Average number of shares issued and outstanding

For the three months ended June 30, 2015: 1,667,121,942 shares

For the three months ended June 30, 2014: 1,667,121,942 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. The review procedures for the quarterly financial report are underway by 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 (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.

The Group will hold an earnings conference for institutional investors and analysts on July 31, 2015. The Group plans to post the materials which are provided at the meeting, on the Group’s website on that day.

Media Contacts
Renesas Electronics Corporation
Kyoko Okamoto, +81 3-6773-3001
pr@renesas.com
or
Investor Contacts
Renesas Electronics Corporation
Makie Uehara, +81 3-6773-3002
ir@renesas.com