Welcome!

News Feed Item

Renesas Electronics Reports Financial Results for the Third Quarter Ended December 31, 2013

Renesas Electronics Corporation (TSE:6723) today announced consolidated financial results for the three months and nine months ended December 31, 2013.

Summary of Consolidated Financial Results

 

Three months ended

 

Nine months ended

 

December 31, 2013

December 31, 2013

Billion Yen   % of Net Sales Billion Yen   % of Net Sales
Net sales 215.6 100.0 632.5 100.0
Sales from semiconductors 207.6 605.0
Sales from others 8.0 27.5
Operating income (loss) 30.0 13.9 50.7 8.0
Ordinary income (loss) 29.3 13.6 43.2 6.8
Net income (loss) 23.0 10.7 10.2 1.6
Capital expenditures 6.7 26.0
Depreciation and others 18.5 56.9
R&D expenses 24.8   89.2  
Yen Yen
Exchange rate (USD) 99 98
Exchange rate (Euro) 134   130  
   
  As of December 31, 2013
Billion Yen
Total assets 795.8
Net assets 252.2
Equity Capital 240.4
Equity ratio (%) 30.2
Interest-bearing debt 280.9
 
Note 1:   All figures are rounded to the nearest 100 million yen.
Note 2: Capital expenditures refer to the amount of order placed for property, plant and equipment (manufacturing equipment).
Note 3: 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 Third Quarter Ended December 31, 2013

English translation from the original Japanese-language document

February 6, 2014

 

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

: Hisao Sakuta, Representative Director,

Chairman and CEO

Contact person

: Taizo Endo, Executive Manager

Corporate Communications Dept

Tel. +81 (0)3-6756-5552

Filing date of Shihanki Hokokusho (scheduled)

: February 6, 2014

 
(Amounts are rounded to the nearest million yen)

1. Consolidated financial results for the nine months ended December 31, 2013

1.1 Consolidated operating results

 

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

    Net sales

Operating
income (loss)

 

Ordinary
income (loss)

 

Net
income (loss)

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

Nine months ended December 31, 2013

632,508

5.3

50,667

---

43,244

---

10,171

---

 

     

Nine months ended December 31, 2012

600,398

 

(10.8)

 

(31,240)

  ---

(35,535)

  ---

(161,722)

  ---
Reference:   Comprehensive income for the nine months ended December 31, 2013:     27,539 million yen
Comprehensive income for the nine months ended December 31, 2012: (153,083) million yen
 
  Net income (loss)   Net income (loss)
  per share basic per share diluted
Yen Yen

Nine months ended December 31, 2013

12.11

---

 

Nine months ended December 31, 2012

(387.71)

---

 

1.2 Consolidated financial condition

    Total assets   Net assets   Equity ratio
Million yen Million yen %
December 31, 2013 795,802 252,245 30.2
 
March 31, 2013 669,104 77,924 10.0
Reference:   Equity as of December 31, 2013:   240,365 million yen
Equity as of March 31, 2013: 66,744 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, 2013 --- 0.00 --- 0.00 0.00
Year ending March 31, 2014 --- 0.00 ---    

Year ending March 31, 2014
(forecast)

 

      0.00 0.00
Note:   Change in forecast of cash dividends since the most recently announced forecast:   Yes
For details, please refer to page 7.
 

3. Forecast of consolidated results for the year ending March 31, 2014

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

    Net sales  

Operating
income (loss)

 

Ordinary
income (loss)

 

Net income
(loss)

 

Net income
(loss) per
share

Million yen   % Million yen   % Million yen   % Million yen   % Yen   %

Year ending March 31, 2014

822,500 4.7 54,700 -- 44,200 -- (21,800) -- (20.88) --
Note:   Change in forecast of consolidated financial results since the most recently announced forecast:   Yes
For details, please refer to page 7.

4. Others

4.1   Changes in significant subsidiaries for the nine months ended December 31, 2013  
(Changes in specified subsidiaries resulting in changes in scope of consolidation): Yes
(Note) For details, please refer to page 7.
 
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: No
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 December 31, 2013:   1,667,124,490 shares
As of March 31, 2013: 417,124,490 shares
 
2.  

Number of treasury stock

    As of December 31, 2013:   2,548 shares
As of March 31, 2013: 2,548 shares
 
3.  

Average number of shares issued and outstanding

    For the nine months ended December 31, 2013:   839,849,215 shares
For the nine months ended December 31, 2012: 417,121,942 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 have been completed 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 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 Renesas Electronics Corporation and its consolidated subsidiaries (hereafter “the Group”) will hold a quarterly earnings conference for institutional investors and analysts on February 6, 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 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 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.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Internet of @ThingsExpo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devic...
Recently, IoT seems emerging as a solution vehicle for data analytics on real-world scenarios from setting a room temperature setting to predicting a component failure of an aircraft. Compared with developing an application or deploying a cloud service, is an IoT solution unique? If so, how? How does a typical IoT solution architecture consist? And what are the essential components and how are they relevant to each other? How does the security play out? What are the best practices in formulating...
An increasing number of companies are creating products that combine data with analytical capabilities. Running interactive queries on Big Data requires complex architectures to store and query data effectively, typically involving data streams, an choosing efficient file format/database and multiple independent systems that are tied together through custom-engineered pipelines. In his session at @BigDataExpo at @ThingsExpo, Tomer Levi, a senior software engineer at Intel’s Advanced Analytics ...
In his session at @ThingsExpo, Arvind Radhakrishnen discussed how IoT offers new business models in banking and financial services organizations with the capability to revolutionize products, payments, channels, business processes and asset management built on strong architectural foundation. The following topics were covered: How IoT stands to impact various business parameters including customer experience, cost and risk management within BFS organizations.
As DevOps methodologies expand their reach across the enterprise, organizations face the daunting challenge of adapting related cloud strategies to ensure optimal alignment, from managing complexity to ensuring proper governance. How can culture, automation, legacy apps and even budget be reexamined to enable this ongoing shift within the modern software factory?
While some vendors scramble to create and sell you a fancy solution for monitoring your spanking new Amazon Lambdas, hear how you can do it on the cheap using just built-in Java APIs yourself. By exploiting a little-known fact that Lambdas aren’t exactly single-threaded, you can effectively identify hot spots in your serverless code. In his session at @DevOpsSummit at 21st Cloud Expo, Dave Martin, Product owner at CA Technologies, will give a live demonstration and code walkthrough, showing how ...
SYS-CON Events announced today that Elastifile will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Elastifile Cloud File System (ECFS) is software-defined data infrastructure designed for seamless and efficient management of dynamic workloads across heterogeneous environments. Elastifile provides the architecture needed to optimize your hybrid cloud environment, by facilitating efficient...
@DevOpsSummit at Cloud Expo taking place Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center, Santa Clara, CA, is co-located with the 21st International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is ...
The question before companies today is not whether to become intelligent, it’s a question of how and how fast. The key is to adopt and deploy an intelligent application strategy while simultaneously preparing to scale that intelligence. In her session at 21st Cloud Expo, Sangeeta Chakraborty, Chief Customer Officer at Ayasdi, will provide a tactical framework to become a truly intelligent enterprise, including how to identify the right applications for AI, how to build a Center of Excellence to...
SYS-CON Events announced today that Golden Gate University will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Since 1901, non-profit Golden Gate University (GGU) has been helping adults achieve their professional goals by providing high quality, practice-based undergraduate and graduate educational programs in law, taxation, business and related professions. Many of its courses are taug...
DevOps at Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to w...
"We provide IoT solutions. We provide the most compatible solutions for many applications. Our solutions are industry agnostic and also protocol agnostic," explained Richard Han, Head of Sales and Marketing and Engineering at Systena America, in this SYS-CON.tv interview at @ThingsExpo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Given the popularity of the containers, further investment in the telco/cable industry is needed to transition existing VM-based solutions to containerized cloud native deployments. The networking architecture of the solution isolates the network traffic into different network planes (e.g., management, control, and media). This naturally makes support for multiple interfaces in container orchestration engines an indispensable requirement.
SYS-CON Events announced today that DXWorldExpo has been named “Global Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Digital Transformation is the key issue driving the global enterprise IT business. Digital Transformation is most prominent among Global 2000 enterprises and government institutions.
21st International Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Me...