|By Business Wire||
|February 8, 2013 01:00 AM EST||
Renesas Electronics Corporation (TSE: 6723), a premier supplier of advanced semiconductor solutions, today revised its consolidated financial forecasts for the full year (the period from April 1, 2012 to March 31, 2013), which it disclosed on December 10, 2012.
1. Revised forecasts for the full-year consolidated financial results
(For the year ending March 31, 2013)
In millions of yen
(As of December 10, 2012)
(As of February 8, 2013)
Results for the year
ended March 31, 2012
Background to the revision of full-year forecasts
As for the sales forecasts for the fiscal year ending March 31, 2013: net sales are expected to be 770.0 billion yen, 50.0 billion yen down from the previous forecast (announced on December 10, 2012); sales from semiconductors are expected to be 711.0 billion yen, 49.0 billion yen down from the previous forecast.
Sales from semiconductors for the three months ended December 31, 2012, were lower than the expectation. This was mainly due to a decline in demand of semiconductors for automotive and industrial applications which were expected to recover the demand at certain level in the second half of the fiscal year ending March 31, 2013 as well as semiconductors for consumer electronics whose sales were expected to be steady through a large-scale custom project, influenced by production decrease at customers due to the prolonged downturn of the global economy. In addition to this, production decrease of automotive, electronic and other equipment for China also brought further impact on demand of semiconductors through the period. Moreover, the Group expects sales from semiconductors for the three months ending March 31, 2013 also to fall below its original expectation due to the same factors at the previous quarter. For these reasons, the Group has made a downward revision to its forecasts for both net sales and sales from semiconductors. The Group expects the sales from three product areas; MCUs, Analog & Power Devices and SoC solutions; to be lower than the previous forecasts respectively.
As for the earnings forecasts for the fiscal year ending March 31, 2013, despite the Group’s efforts on holding down costs including personnel expenses, lower profit is expected along with decrease in sales from semiconductors and production decrease. Therefore, the Group has revised the earnings forecasts as follow: operating loss is expected to be 26.0 billion yen, 47.0 billion yen down from the previous forecast; ordinary loss is expected to be 34.0 billion yen, 44.0 billion yen down from the previous forecast; net loss is expected to be 176.0 billion yen, 26.0 billion yen down from the previous forecast.
The consolidated financial forecasts for the fiscal year ending March 31, 2013 are based on the rate of 83 yen per USD and 109 yen per Euro for the average of the second half of the fiscal year ending March 31, 2013, 82 yen per USD and 106 yen per Euro for the average of the full fiscal year ending March 31, 2013.
Details will be explained in Renesas' announcement of financial results for the third quarter ended December 31, 2012 on February 8, 2013.
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 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 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.
Overgrown applications have given way to modular applications, driven by the need to break larger problems into smaller problems. Similarly large monolithic development processes have been forced to be broken into smaller agile development cycles. Looking at trends in software development, microservices architectures meet the same demands. Additional benefits of microservices architectures are compartmentalization and a limited impact of service failure versus a complete software malfunction....
Oct. 10, 2015 11:30 AM EDT Reads: 270
The last decade was about virtual machines, but the next one is about containers. Containers enable a service to run on any host at any time. Traditional tools are starting to show cracks because they were not designed for this level of application portability. Now is the time to look at new ways to deploy and manage applications at scale. In his session at @DevOpsSummit, Brian “Redbeard” Harrington, a principal architect at CoreOS, will examine how CoreOS helps teams run in production. Attende...
Oct. 10, 2015 11:00 AM EDT Reads: 1,275
There will be 20 billion IoT devices connected to the Internet soon. What if we could control these devices with our voice, mind, or gestures? What if we could teach these devices how to talk to each other? What if these devices could learn how to interact with us (and each other) to make our lives better? What if Jarvis was real? How can I gain these super powers? In his session at 17th Cloud Expo, Chris Matthieu, co-founder and CTO of Octoblu, will show you!
Oct. 10, 2015 11:00 AM EDT Reads: 112
Developing software for the Internet of Things (IoT) comes with its own set of challenges. Security, privacy, and unified standards are a few key issues. In addition, each IoT product is comprised of at least three separate application components: the software embedded in the device, the backend big-data service, and the mobile application for the end user's controls. Each component is developed by a different team, using different technologies and practices, and deployed to a different stack/...
Oct. 10, 2015 11:00 AM EDT Reads: 318
As a company adopts a DevOps approach to software development, what are key things that both the Dev and Ops side of the business must keep in mind to ensure effective continuous delivery? In his session at DevOps Summit, Mark Hydar, Head of DevOps, Ericsson TV Platforms, will share best practices and provide helpful tips for Ops teams to adopt an open line of communication with the development side of the house to ensure success between the two sides.
Oct. 10, 2015 11:00 AM EDT Reads: 638
Docker is hot. However, as Docker container use spreads into more mature production pipelines, there can be issues about control of Docker images to ensure they are production-ready. Is a promotion-based model appropriate to control and track the flow of Docker images from development to production? In his session at DevOps Summit, Fred Simon, Co-founder and Chief Architect of JFrog, will demonstrate how to implement a promotion model for Docker images using a binary repository, and then show h...
Oct. 10, 2015 11:00 AM EDT Reads: 226
Clutch is now a Docker Authorized Consulting Partner, having completed Docker's certification course on the "Docker Accelerator for CI Engagements." More info about Clutch's success implementing Docker can be found here. Docker is an open platform for developers and system administrators to build, ship and run distributed applications. With Docker, IT organizations shrink application delivery from months to minutes, frictionlessly move workloads between data centers and the cloud and achieve 2...
Oct. 10, 2015 10:45 AM EDT Reads: 521
Mobile messaging has been a popular communication channel for more than 20 years. Finnish engineer Matti Makkonen invented the idea for SMS (Short Message Service) in 1984, making his vision a reality on December 3, 1992 by sending the first message ("Happy Christmas") from a PC to a cell phone. Since then, the technology has evolved immensely, from both a technology standpoint, and in our everyday uses for it. Originally used for person-to-person (P2P) communication, i.e., Sally sends a text...
Oct. 10, 2015 10:15 AM EDT Reads: 336
The IoT market is on track to hit $7.1 trillion in 2020. The reality is that only a handful of companies are ready for this massive demand. There are a lot of barriers, paint points, traps, and hidden roadblocks. How can we deal with these issues and challenges? The paradigm has changed. Old-style ad-hoc trial-and-error ways will certainly lead you to the dead end. What is mandatory is an overarching and adaptive approach to effectively handle the rapid changes and exponential growth.
Oct. 10, 2015 10:00 AM EDT Reads: 255
Redis is not only the fastest database, but it has become the most popular among the new wave of applications running in containers. Redis speeds up just about every data interaction between your users or operational systems. In his session at 17th Cloud Expo, Dave Nielsen, Developer Relations at Redis Labs, will share the functions and data structures used to solve everyday use cases that are driving Redis' popularity
Oct. 10, 2015 10:00 AM EDT Reads: 532
SYS-CON Events announced today that Sandy Carter, IBM General Manager Cloud Ecosystem and Developers, and a Social Business Evangelist, will keynote at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA.
Oct. 10, 2015 10:00 AM EDT Reads: 127
Chris Van Tuin, Chief Technologist for the Western US at Red Hat, has over 20 years of experience in IT and Software. Since joining Red Hat in 2005, he has been architecting solutions for strategic customers and partners with a focus on emerging technologies including IaaS, PaaS, and DevOps. He started his career at Intel in IT and Managed Hosting followed by leadership roles in services and sales engineering at Loudcloud and Linux startups.
Oct. 10, 2015 10:00 AM EDT Reads: 251
Any Ops team trying to support a company in today’s cloud-connected world knows that a new way of thinking is required – one just as dramatic than the shift from Ops to DevOps. The diversity of modern operations requires teams to focus their impact on breadth vs. depth. In his session at DevOps Summit, Adam Serediuk, Director of Operations at xMatters, Inc., will discuss the strategic requirements of evolving from Ops to DevOps, and why modern Operations has begun leveraging the “NoOps” approa...
Oct. 10, 2015 10:00 AM EDT Reads: 177
As a CIO, are your direct reports IT managers or are they IT leaders? The hard truth is that many IT managers have risen through the ranks based on their technical skills, not their leadership ability. Many are unable to effectively engage and inspire, creating forward momentum in the direction of desired change. Renowned for its approach to leadership and emphasis on their people, organizations increasingly look to our military for insight into these challenges.
Oct. 10, 2015 09:00 AM EDT Reads: 227
The IoT is upon us, but today’s databases, built on 30-year-old math, require multiple platforms to create a single solution. Data demands of the IoT require Big Data systems that can handle ingest, transactions and analytics concurrently adapting to varied situations as they occur, with speed at scale. In his session at @ThingsExpo, Chad Jones, chief strategy officer at Deep Information Sciences, will look differently at IoT data so enterprises can fully leverage their IoT potential. He’ll sha...
Oct. 10, 2015 09:00 AM EDT Reads: 636