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Renesas Electronics Announces Consolidated Financial Forecasts for the First Quarter Ending June 30, 2014

Renesas Electronics Corporation (TSE:6723), a premier supplier of advanced semiconductor solutions, today announced the consolidated financial forecasts for the three months ending June 30, 2014.

1. Consolidated forecasts for the three months ending June 30, 2014

         

(April 1, 2014 to June 30, 2014)

 

In millions of yen

  Net Sales

Operating
Income
(Loss)

Ordinary
Income
(Loss)

Net Income
(Loss)

Net Income
(Loss) per
Share

Original forecasts --- --- --- --- ---
Forecasts as of May 9, 2014 202,000 20,000 17,500 14,000 8.40
Increase (decrease) --- --- --- --- ---
Percent change --- --- --- --- ---
Reference:

Results for the three months ended June 30, 2013

199,057 9,779 8,538 (3,990) (9.57)
 

The consolidated forecasts for the first quarter ending June 30, 2014 are calculated at the rate of 100 yen per USD and 136 yen per Euro.

Refer to Renesas Electronics’ press release “Renesas Electronics Reports Financial Results for the Year Ended March 31, 2014” issued on May 9, 2014 for more details.

Forward-Looking Statements

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.

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