Click here to close now.

Welcome!

News Feed Item

Renesas Electronics Reports Financial Results for the First Quarter Ended June 30, 2014

Renesas Electronics Corporation (TSE:6723) today announced consolidated financial results for the three months ended June 30, 2014.

Summary of Consolidated Financial Results

    Three months ended June 30, 2014
  Billion Yen  

% of Net Sales

Net sales 209.3 100.0
Sales from semiconductors 201.2
Sales from others 8.1
Operating income (loss) 27.0 12.9
Ordinary income (loss) 25.3 12.1
Net income (loss)   21.2   10.1
Capital expenditures 8.2
Depreciation and others 16.4
R&D expenses   24.0    
 
Exchange rate (USD) 102
Exchange rate (Euro)   141    
     
    As of June 30, 2014
Billion Yen
Total assets 796.9
Net assets 223.5
Equity 209.6
Equity ratio (%) 26.3
Interest-bearing debt   270.1    

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 First Quarter Ended June 30, 2014

English translation from the original Japanese-language document

 

August 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) : August 6, 2014
 
(Amounts are rounded to the nearest million yen)
 

1. Consolidated financial results for the three months ended June 30, 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   %
 
Three months ended June 30, 2014 209,259 5.1 26,984 175.9 25,343 196.8 21,199 ---
 
Three months ended June 30, 2013   199,057   6.7   9,779   ---   8,538   ---   (3,990)   ---
Reference:   Comprehensive income for the three months ended June 30, 2014:   21,301 million yen (810.3%)
Comprehensive income for the three months ended June 30, 2013: 2,340 million yen (---%)
         
   

Net income (loss)
per share basic

 

Net income (loss)
per share diluted

  Yen   Yen
 
Three months ended June 30, 2014 12.72 ---
 
Three months ended June 30, 2013   (9.57)   ---
 

1.2 Consolidated financial position

    Total assets   Net assets   Equity ratio
  Million yen   Million yen   %
 
June 30, 2014 796,896 223,532 26.3
 
March 31, 2014   786,002   227,314   27.3

Reference:

Equity as of June 30, 2014:

 

209,603 million yen

Equity as of March 31, 2014:

214,601 million yen

 
Note: Equity is equal to “Net assets” excluding “Share subscription rights” and “Minority interests”
 

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, 2014 --- 0.00 --- 0.00 0.00
Year ending March 31, 2015   ---                

Year ending March 31, 2015
(forecast)

      0.00   ---   ---   ---

Note:

 

Change in forecast of cash dividends since the most recently announced forecast: Yes

For details, please refer to Appendix 1.4., “Forecasts of Cash Dividends” on page 5.
 

3. Forecast of consolidated results for the six months ending September 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

Six months ending
September 30, 2014

  413,000   (0.9)   46,000   122.4   41,000   194.8   28,000   --   16.80

Note:

 

Change in forecast of consolidated results since the most recently announced forecast: Yes

For details, please refer to Appendix 1.3., “Consolidated Forecasts” on page 5.
 

4. Others

4.1 Changes in significant subsidiaries for the three months ended June 30, 2014

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

4.2 Adoption of special accounting policies for quarterly financial statements: Yes

(Note) For details, please refer to page 6.

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: Yes

(Note) For details, please refer to page 6.

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 June 30, 2014: 1,667,124,490 shares

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

2. Number of treasury stock

As of June 30, 2014: 2,548 shares

As of March 31, 2014: 2,548 shares

3. Average number of shares issued and outstanding

For the three months ended June 30, 2014: 1,667,121,942 shares

For the three months ended June 30, 2013: 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 (hereafter “the Group”) 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 Group will hold a quarterly earnings conference for institutional investors and analysts on August 6, 2014. The Group plans to post the materials which are provided at the meeting, on the Group’s website 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
"ciqada is a combined platform of hardware modules and server products that lets people take their existing devices or new devices and lets them be accessible over the Internet for their users," noted Geoff Engelstein of ciqada, a division of Mars International, in this SYS-CON.tv interview at @ThingsExpo, held June 9-11, 2015, at the Javits Center in New York City.
Buzzword alert: Microservices and IoT at a DevOps conference? What could possibly go wrong? In this Power Panel at DevOps Summit, moderated by Jason Bloomberg, the leading expert on architecting agility for the enterprise and president of Intellyx, panelists peeled away the buzz and discuss the important architectural principles behind implementing IoT solutions for the enterprise. As remote IoT devices and sensors become increasingly intelligent, they become part of our distributed cloud envir...
SYS-CON Events announced today that kintone has been named “Bronze Sponsor” of SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. kintone promotes cloud-based workgroup productivity, transparency and profitability with a seamless collaboration space, build your own business application (BYOA) platform, and workflow automation system.
SYS-CON Events announced today that Alert Logic, the leading provider of Security-as-a-Service solutions for the cloud, has been named “Bronze Sponsor” of SYS-CON's 17th International Cloud Expo® and DevOps Summit 2015 Silicon Valley, which will take place November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Alert Logic provides Security-as-a-Service for on-premises, cloud, and hybrid IT infrastructures, delivering deep security insight and continuous protection for cust...
The 17th International Cloud Expo has announced that its Call for Papers is open. 17th International Cloud Expo, to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, APM, APIs, Microservices, Security, Big Data, Internet of Things, DevOps and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding bu...
SYS-CON Events announced today that SoftLayer, an IBM company, has been named “Gold Sponsor” of SYS-CON's 17th International Cloud Expo®, which will take place November 3–5, 2015 at the Santa Clara Convention Center in Santa Clara, CA. SoftLayer operates a global cloud infrastructure platform built for Internet scale. With a global footprint of data centers and network points of presence, SoftLayer provides infrastructure as a service to leading-edge customers ranging from Web startups to globa...
The 5th International DevOps Summit, co-located with 17th International Cloud Expo – being held November 3-5, 2015, 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 ...
"A lot of the enterprises that have been using our systems for many years are reaching out to the cloud - the public cloud, the private cloud and hybrid," stated Reuven Harrison, CTO and Co-Founder of Tufin, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
"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.
Internet of Things (IoT) will be a hybrid ecosystem of diverse devices and sensors collaborating with operational and enterprise systems to create the next big application. In their session at @ThingsExpo, Bramh Gupta, founder and CEO of robomq.io, and Fred Yatzeck, principal architect leading product development at robomq.io, discussed how choosing the right middleware and integration strategy from the get-go will enable IoT solution developers to adapt and grow with the industry, while at th...
SYS-CON Events announced today that Intelligent Systems Services will exhibit 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. Established in 1994, Intelligent Systems Services Inc. is located near Washington, DC, with representatives and partners nationwide. ISS’s well-established track record is based on the continuous pursuit of excellence in designing, implementing and supporting nationwide clients’ ...
SYS-CON Events announced today that Cloudian, Inc., the leading provider of hybrid cloud storage solutions, will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Cloudian, Inc., is a Foster City, California - based software company specializing in cloud storage software. The main product is Cloudian, an Amazon S3-compliant cloud object storage platform, the bedrock of cloud computing system...
DevOps Summit, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th 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 wait for long development...
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...
The enterprise market will drive IoT device adoption over the next five years. In his session at @ThingsExpo, John Greenough, an analyst at BI Intelligence, division of Business Insider, analyzed how companies will adopt IoT products and the associated cost of adopting those products. John Greenough is the lead analyst covering the Internet of Things for BI Intelligence- Business Insider’s paid research service. Numerous IoT companies have cited his analysis of the IoT. Prior to joining BI In...