Click here to close now.




















Welcome!

News Feed Item

Renesas Electronics Reports Financial Results for the Year Ended March 31, 2014

Renesas Electronics Corporation (TSE:6723) today announced consolidated financial results for the year ended March 31, 2014.

 

Summary of Consolidated Financial Results

    Year ended
      March 31, 2014
Billion Yen   % of Net Sales
Net sales 833.0 100.0
Sales from semiconductors 796.8
Sales from others 36.2
Operating income (loss) 67.6 8.1
Ordinary income (loss) 58.6 7.0
Net income (loss)     (5.3)   (0.6)
Capital expenditures 29.3
Depreciation and others 76.7
R&D expenses     115.3    
Yen
Exchange rate (USD) 100
Exchange rate (Euro)     133    
       
      As of March 31, 2014
Billion Yen
Total assets 786.0
Net assets 227.3
Equity 214.6
Equity ratio (%) 27.3
Interest-bearing debt     270.9    
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 expenses and amortization of long-term prepaid expenses in quarterly consolidated statements of cash flows.
 

Consolidated Financial Results for the Year Ended March 31, 2014

English translation from the original Japanese-language document
   

May 9, 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

Date of the ordinary general shareholders’ meeting (scheduled)

:

June 25, 2014

Filing date of Yukashoken Hokokusho (scheduled)

:

June 25, 2014

 

 

(Amounts are rounded to the nearest million yen)

 

1. Consolidated financial results for year ended March 31, 2014

1.1 Consolidated financial 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   %

 

Year ended March 31, 2014

833,011 6.0 67,635 --- 58,625 --- (5,291) ---

 

Year ended March 31, 2013

  785,764   (11.0)   (23,217)   ---   (26,862)   ---   (167,581)   ---
Reference:   Comprehensive income for the year ended March 31, 2014:   8,783 million yen
Comprehensive income for the year ended March 31, 2013: (148,542) million yen
 
                     
   

Net income (loss) per share basic

  Net income (loss) per share diluted   Net income (loss) ratio per equity   Ordinary income (loss) ratio per total assets   Operating income (loss) ratio per sales
  Yen   Yen   %   %   %

 

Year ended March 31, 2014

(5.07) --- (3.8) 7.5 8.1

 

Year ended March 31, 2013

  (401.76)   ---   (117.7)   (3.5)   (3.0)
Reference:   Equity in net income of affiliates of the year ended March 31, 2014:   168 million yen
Equity in net income of affiliates of the year ended March 31, 2013: 40 million yen
 

1.2 Consolidated financial position

    Total assets   Net assets   Equity ratio   Net assets per share
  Million yen   Million yen   %   Yen
 
March 31, 2014 786,002 227,314 27.3 128.73
 
March 31, 2013   669,104   77,924   10.0   160.01
Reference:   Equity as of March 31, 2014:   214,601 million yen
Equity as of March 31, 2013: 66,744 million yen
 
Note: Equity is equal to “Net assets” excluding “Share subscription rights” and “Minority interests”
 

1.3 Consolidated cash flows

    Cash flows from

operating activities

  Cash flows from

investing activities

  Cash flows from

financing activities

 

Cash and cash

equivalents at the end of the year

  Million yen   Million yen   Million yen   Million yen

 

Year ended March 31, 2014

93,722 (19.241) 107,007 265,897
 

Year ended March 31, 2013

  (54,101)   (43,160)   36,849   77,731
 

2. Cash dividends

    Cash dividends per share   Total dividends during the year   Dividends payout ratio
(consolidated)
  Dividends ratio per net assets
(consolidated)
    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, 2014

--- 0.00 --- 0.00 0.00 --- --- ---

Year ended
March 31, 2013

  ---   0.00   ---   0.00   0.00   ---   ---   ---

Year ending
March 31, 2015
(forecast)

 

  ---   ---   ---   ---   ---       ---    
 

3. Forecast of consolidated results for the three months ending June 30, 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

Three months ending
June 30, 2014

  202,000   0.7   200,00   17.9   175,00   13.8   140,00   --   8.40
Note:   Change in forecast of consolidated results since the most recently announced forecast: No
Please refer to Appendix 1.3., “Consolidated Forecasts” on page 7.
 
4. Others
 

4.1 Changes in significant subsidiaries for the year ended March 31, 2014

(Changes in specified subsidiaries resulting in changes in scope of consolidation): No
 

4.2 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

2. Changes in accounting policies except for "Changes in Accounting Policies": No

3. Changes in accounting estimates: No
4. Corrections of prior period errors: No
       

4.3 Number of shares issued and outstanding (common stock)

1. Number of shares issued and outstanding (including treasury stock)

As of March 31, 2014: 1,667,124,490 shares

As of March 31, 2013: 417,124,490 shares

 

2. Number of treasury stock

As of March 31, 2014: 2,548 shares

As of March 31, 2013: 2,548 shares

 

3. Average number of shares issued and outstanding

For the year ended March 31, 2014: 1,043,834,271 shares

For the year ended March 31, 2013: 417,121,942 shares

 

(Reference) Non-consolidated results for the year ended March 31, 2014

Non-consolidated financial 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   %
 

Year ended March 31, 2014

738,088 9.1 22,386 -- 15,554 -- (12,527) --
 

Year ended March 31, 2013

  676,275   (7.9)   (61,050)   --   (30,781)   --   (189,002)   --
   

Net income
(loss) per share:
basic

 

Net income
(loss) per share:
diluted

  Yen   Yen
 
Year ended March 31, 2014 (12.00) --
 
Year ended March 31, 2013   (453.11)   --
 

Non-consolidated financial position

                 
    Total assets   Net assets   Equity ratio   Net assets per share
  Million yen   Million yen   %   Yen
 
March 31, 2014 731,800 157,455 21.5 94.45
 
March 31, 2013   667,145   19,880   3.0   47.66
Reference:   Equity at the end of the year ended March 31, 2014:   157,455 million yen
Equity at the end of the year ended March 31, 2013: 19,880 million yen
 

(Note) Information regarding the implementation of audit procedures
These financial statements are under the audit procedures based upon the Financial Instruments and Exchange Act at 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. The Company cautions 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 an earnings conference for institutional investors and analysts on May 9, 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 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.

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
The speed of software changes in growing and large scale rapid-paced DevOps environments presents a challenge for continuous testing. Many organizations struggle to get this right. Practices that work for small scale continuous testing may not be sufficient as the requirements grow. In his session at DevOps Summit, Marc Hornbeek, Sr. Solutions Architect of DevOps continuous test solutions at Spirent Communications, explained the best practices of continuous testing at high scale, which is rele...
"We got started as search consultants. On the services side of the business we have help organizations save time and save money when they hit issues that everyone more or less hits when their data grows," noted Otis Gospodnetić, Founder of Sematext, in this SYS-CON.tv interview at @DevOpsSummit, held June 9-11, 2015, at the Javits Center in New York City.
"We have been in business for 21 years and have been building many enterprise solutions, all IT plumbing - server, storage, interconnects," stated Alex Gorbachev, President of Intelligent Systems Services, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
In a recent research, analyst firm IDC found that the average cost of a critical application failure is $500,000 to $1 million per hour and the average total cost of unplanned application downtime is $1.25 billion to $2.5 billion per year for Fortune 1000 companies. In addition to the findings on the cost of the downtime, the research also highlighted best practices for development, testing, application support, infrastructure, and operations teams.
"We specialize in testing. DevOps is all about continuous delivery and accelerating the delivery pipeline and there is no continuous delivery without testing," noted Marc Hornbeek, Sr. Solutions Architect at Spirent Communications, in this SYS-CON.tv interview at @DevOpsSummit, held June 9-11, 2015, at the Javits Center in New York City.
How do you securely enable access to your applications in AWS without exposing any attack surfaces? The answer is usually very complicated because application environments morph over time in response to growing requirements from your employee base, your partners and your customers. In his session at @DevOpsSummit, Haseeb Budhani, CEO and Co-founder of Soha, shared five common approaches that DevOps teams follow to secure access to applications deployed in AWS, Azure, etc., and the friction an...
"Alert Logic is a managed security service provider that basically deploys technologies, but we support those technologies with the people and process behind it," stated Stephen Coty, Chief Security Evangelist at Alert Logic, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
Digital Transformation is the ultimate goal of cloud computing and related initiatives. The phrase is certainly not a precise one, and as subject to hand-waving and distortion as any high-falutin' terminology in the world of information technology. Yet it is an excellent choice of words to describe what enterprise IT—and by extension, organizations in general—should be working to achieve. Digital Transformation means: handling all the data types being found and created in the organizat...
The Internet of Everything (IoE) brings together people, process, data and things to make networked connections more relevant and valuable than ever before – transforming information into knowledge and knowledge into wisdom. IoE creates new capabilities, richer experiences, and unprecedented opportunities to improve business and government operations, decision making and mission support capabilities.
The essence of cloud computing is that all consumable IT resources are delivered as services. In his session at 15th Cloud Expo, Yung Chou, Technology Evangelist at Microsoft, demonstrated the concepts and implementations of two important cloud computing deliveries: Infrastructure as a Service (IaaS) and Platform as a Service (PaaS). He discussed from business and technical viewpoints what exactly they are, why we care, how they are different and in what ways, and the strategies for IT to tran...
The Software Defined Data Center (SDDC), which enables organizations to seamlessly run in a hybrid cloud model (public + private cloud), is here to stay. IDC estimates that the software-defined networking market will be valued at $3.7 billion by 2016. Security is a key component and benefit of the SDDC, and offers an opportunity to build security 'from the ground up' and weave it into the environment from day one. In his session at 16th Cloud Expo, Reuven Harrison, CTO and Co-Founder of Tufin,...
The Internet of Things is not only adding billions of sensors and billions of terabytes to the Internet. It is also forcing a fundamental change in the way we envision Information Technology. For the first time, more data is being created by devices at the edge of the Internet rather than from centralized systems. What does this mean for today's IT professional? In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists addressed this very serious issue of pro...
With SaaS use rampant across organizations, how can IT departments track company data and maintain security? More and more departments are commissioning their own solutions and bypassing IT. A cloud environment is amorphous and powerful, allowing you to set up solutions for all of your user needs: document sharing and collaboration, mobile access, e-mail, even industry-specific applications. In his session at 16th Cloud Expo, Shawn Mills, President and a founder of Green House Data, discussed h...
Container technology is sending shock waves through the world of cloud computing. Heralded as the 'next big thing,' containers provide software owners a consistent way to package their software and dependencies while infrastructure operators benefit from a standard way to deploy and run them. Containers present new challenges for tracking usage due to their dynamic nature. They can also be deployed to bare metal, virtual machines and various cloud platforms. How do software owners track the usag...
Discussions about cloud computing are evolving into discussions about enterprise IT in general. As enterprises increasingly migrate toward their own unique clouds, new issues such as the use of containers and microservices emerge to keep things interesting. In this Power Panel at 16th Cloud Expo, moderated by Conference Chair Roger Strukhoff, panelists addressed the state of cloud computing today, and what enterprise IT professionals need to know about how the latest topics and trends affect t...