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
@ThingsExpo has been named the Most Influential ‘Smart Cities - IIoT' Account and @BigDataExpo has been named fourteenth by Right Relevance (RR), which provides curated information and intelligence on approximately 50,000 topics. In addition, Right Relevance provides an Insights offering that combines the above Topics and Influencers information with real time conversations to provide actionable intelligence with visualizations to enable decision making. The Insights service is applicable to eve...
Building a cross-cloud operational model can be a daunting task. Per-cloud silos are not the answer, but neither is a fully generic abstraction plane that strips out capabilities unique to a particular provider. In his session at 20th Cloud Expo, Chris Wolf, VP & Chief Technology Officer, Global Field & Industry at VMware, will discuss how successful organizations approach cloud operations and management, with insights into where operations should be centralized and when it’s best to decentraliz...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm.
Cybersecurity is a critical component of software development in many industries including medical devices. However, code is not always written to be robust or secure from the unknown or the unexpected. This gap can make medical devices susceptible to cybersecurity attacks ranging from compromised personal health information to life-sustaining treatment. In his session at @ThingsExpo, Clark Fortney, Software Engineer at Battelle, will discuss how programming oversight using key methods can incre...
The goal of Continuous Testing is to shift testing left to find defects earlier and release software faster. This can be achieved by integrating a set of open source functional and performance testing tools in the early stages of your software delivery lifecycle. There is one process that binds all application delivery stages together into one well-orchestrated machine: Continuous Testing. Continuous Testing is the conveyor belt between the Software Factory and production stages. Artifacts are ...
In recent years, containers have taken the world by storm. Companies of all sizes and industries have realized the massive benefits of containers, such as unprecedented mobility, higher hardware utilization, and increased flexibility and agility; however, many containers today are non-persistent. Containers without persistence miss out on many benefits, and in many cases simply pass the responsibility of persistence onto other infrastructure, adding additional complexity.
Quickly find the root cause of complex database problems slowing down your applications. Up to 88% of all application performance issues are related to the database. DPA’s unique response time analysis shows you exactly what needs fixing - in four clicks or less. Optimize performance anywhere. Database Performance Analyzer monitors on-premises, on VMware®, and in the Cloud, including Amazon® AWS and Azure™ virtual machines.
Most technology leaders, contemporary and from the hardware era, are reshaping their businesses to do software in the hope of capturing value in IoT. Although IoT is relatively new in the market, it has already gone through many promotional terms such as IoE, IoX, SDX, Edge/Fog, Mist Compute, etc. Ultimately, irrespective of the name, it is about deriving value from independent software assets participating in an ecosystem as one comprehensive solution.
SYS-CON Events announced today that Progress, a global leader in application development, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Enterprises today are rapidly adopting the cloud, while continuing to retain business-critical/sensitive data inside the firewall. This is creating two separate data silos – one inside the firewall and the other outside the firewall. Cloud ISVs oft...
Developers want to create better apps faster. Static clouds are giving way to scalable systems, with dynamic resource allocation and application monitoring. You won't hear that chant from users on any picket line, but helping developers to create better apps faster is the mission of Lee Atchison, principal cloud architect and advocate at New Relic Inc., based in San Francisco. His singular job is to understand and drive the industry in the areas of cloud architecture, microservices, scalability ...
SYS-CON Events announced today that CA Technologies has been named "Platinum Sponsor" of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, New York, and 21st International Cloud Expo, which will take place in November in Silicon Valley, California.
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices 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 business opportunity. Submit your speaking proposal ...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm. In his Day 3 Keynote at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will explore t...
SYS-CON Events announced today that Juniper Networks (NYSE: JNPR), an industry leader in automated, scalable and secure networks, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Juniper Networks challenges the status quo with products, solutions and services that transform the economics of networking. The company co-innovates with customers and partners to deliver automated, scalable and secure network...
New competitors, disruptive technologies, and growing expectations are pushing every business to both adopt and deliver new digital services. This ‘Digital Transformation’ demands rapid delivery and continuous iteration of new competitive services via multiple channels, which in turn demands new service delivery techniques – including DevOps. In this power panel at @DevOpsSummit 20th Cloud Expo, moderated by DevOps Conference Co-Chair Andi Mann, panelists will examine how DevOps helps to meet th...