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
DevOps at Cloud Expo – being held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Am...
SYS-CON Events announced today that Bsquare has been named “Silver Sponsor” of SYS-CON's @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. For more than two decades, Bsquare has helped its customers extract business value from a broad array of physical assets by making them intelligent, connecting them, and using the data they generate to optimize business processes.
I'm a lonely sensor. I spend all day telling the world how I'm feeling, but none of the other sensors seem to care. I want to be connected. I want to build relationships with other sensors to be more useful for my human. I want my human to understand that when my friends next door are too hot for a while, I'll soon be flaming. And when all my friends go outside without me, I may be left behind. Don't just log my data; use the relationship graph. In his session at @ThingsExpo, Ryan Boyd, Engi...
SYS-CON Events announced today that Pulzze Systems will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Pulzze Systems, Inc. provides infrastructure products for the Internet of Things to enable any connected device and system to carry out matched operations without programming. For more information, visit http://www.pulzzesystems.com.
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management solutions, helping companies worldwide activate their data to drive more value and business insight and to transform moder...
Fact is, enterprises have significant legacy voice infrastructure that’s costly to replace with pure IP solutions. How can we bring this analog infrastructure into our shiny new cloud applications? There are proven methods to bind both legacy voice applications and traditional PSTN audio into cloud-based applications and services at a carrier scale. Some of the most successful implementations leverage WebRTC, WebSockets, SIP and other open source technologies. In his session at @ThingsExpo, Da...
SYS-CON Events announced today that Secure Channels will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. The bedrock of Secure Channels Technology is a uniquely modified and enhanced process based on superencipherment. Superencipherment is the process of encrypting an already encrypted message one or more times, either using the same or a different algorithm.
Traditional on-premises data centers have long been the domain of modern data platforms like Apache Hadoop, meaning companies who build their business on public cloud were challenged to run Big Data processing and analytics at scale. But recent advancements in Hadoop performance, security, and most importantly cloud-native integrations, are giving organizations the ability to truly gain value from all their data. In his session at 19th Cloud Expo, David Tishgart, Director of Product Marketing ...
Almost two-thirds of companies either have or soon will have IoT as the backbone of their business in 2016. However, IoT is far more complex than most firms expected. How can you not get trapped in the pitfalls? In his session at @ThingsExpo, Tony Shan, a renowned visionary and thought leader, will introduce a holistic method of IoTification, which is the process of IoTifying the existing technology and business models to adopt and leverage IoT. He will drill down to the components in this fra...
The vision of a connected smart home is becoming reality with the application of integrated wireless technologies in devices and appliances. The use of standardized and TCP/IP networked wireless technologies in line-powered and battery operated sensors and controls has led to the adoption of radios in the 2.4GHz band, including Wi-Fi, BT/BLE and 802.15.4 applied ZigBee and Thread. This is driving the need for robust wireless coexistence for multiple radios to ensure throughput performance and th...
SYS-CON Events announced today the Kubernetes and Google Container Engine Workshop, being held November 3, 2016, in conjunction with @DevOpsSummit at 19th Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA. This workshop led by Sebastian Scheele introduces participants to Kubernetes and Google Container Engine (GKE). Through a combination of instructor-led presentations, demonstrations, and hands-on labs, students learn the key concepts and practices for deploying and maintainin...
Enterprise IT has been in the era of Hybrid Cloud for some time now. But it seems most conversations about Hybrid are focused on integrating AWS, Microsoft Azure, or Google ECM into existing on-premises systems. Where is all the Private Cloud? What do technology providers need to do to make their offerings more compelling? How should enterprise IT executives and buyers define their focus, needs, and roadmap, and communicate that clearly to the providers?
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
There is little doubt that Big Data solutions will have an increasing role in the Enterprise IT mainstream over time. Big Data at Cloud Expo - to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA - has announced its Call for Papers is open. Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is...
Digital innovation is the next big wave of business transformation based on digital technologies of which IoT and Big Data are key components, For example: Business boundary innovation is a challenge to excavate third-party business value using IoT and BigData, like Nest Business structure innovation may propose re-building business structure from scratch, as Uber does in the taxicab industry The social model innovation is also a big challenge to the new social architecture with the design fr...