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
In his session at 21st Cloud Expo, James Henry, Co-CEO/CTO of Calgary Scientific Inc., will introduce you to the challenges, solutions and benefits of training AI systems to solve visual problems with an emphasis on improving AIs with continuous training in the field. He will explore applications in several industries and discuss technologies that allow the deployment of advanced visualization solutions to the cloud.
We all know that end users experience the Internet primarily with mobile devices. From an app development perspective, we know that successfully responding to the needs of mobile customers depends on rapid DevOps – failing fast, in short, until the right solution evolves in your customers' relationship to your business. Whether you’re decomposing an SOA monolith, or developing a new application cloud natively, it’s not a question of using microservices – not doing so will be a path to eventual b...
Nordstrom is transforming the way that they do business and the cloud is the key to enabling speed and hyper personalized customer experiences. In his session at 21st Cloud Expo, Ken Schow, VP of Engineering at Nordstrom, will discuss some of the key learnings and common pitfalls of large enterprises moving to the cloud. This includes strategies around choosing a cloud provider(s), architecture, and lessons learned. In addition, he’ll go over some of the best practices for structured team migrat...
As people view cloud as a preferred option to build IT systems, the size of the cloud-based system is getting bigger and more complex. As the system gets bigger, more people need to collaborate from design to management. As more people collaborate to create a bigger system, the need for a systematic approach to automate the process is required. Just as in software, cloud now needs DevOps. In this session, the audience can see how people can solve this issue with a visual model. Visual models ha...
SYS-CON Events announced today that Taica will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Taica manufacturers Alpha-GEL brand silicone components and materials, which maintain outstanding performance over a wide temperature range -40C to +200C. For more information, visit http://www.taica.co.jp/english/.
SYS-CON Events announced today that MIRAI Inc. will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MIRAI Inc. are IT consultants from the public sector whose mission is to solve social issues by technology and innovation and to create a meaningful future for people.
Recently, REAN Cloud built a digital concierge for a North Carolina hospital that had observed that most patient call button questions were repetitive. In addition, the paper-based process used to measure patient health metrics was laborious, not in real-time and sometimes error-prone. In their session at 21st Cloud Expo, Sean Finnerty, Executive Director, Practice Lead, Health Care & Life Science at REAN Cloud, and Dr. S.P.T. Krishnan, Principal Architect at REAN Cloud, will discuss how they bu...
Coca-Cola’s Google powered digital signage system lays the groundwork for a more valuable connection between Coke and its customers. Digital signs pair software with high-resolution displays so that a message can be changed instantly based on what the operator wants to communicate or sell. In their Day 3 Keynote at 21st Cloud Expo, Greg Chambers, Global Group Director, Digital Innovation, Coca-Cola, and Vidya Nagarajan, a Senior Product Manager at Google, will discuss how from store operations...
As hybrid cloud becomes the de-facto standard mode of operation for most enterprises, new challenges arise on how to efficiently and economically share data across environments. In his session at 21st Cloud Expo, Dr. Allon Cohen, VP of Product at Elastifile, will explore new techniques and best practices that help enterprise IT benefit from the advantages of hybrid cloud environments by enabling data availability for both legacy enterprise and cloud-native mission critical applications. By rev...
Join IBM November 1 at 21st Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA, and learn how IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Cognitive analysis impacts today’s systems with unparalleled ability that were previously available only to manned, back-end operations. Thanks to cloud processing, IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Imagine a robot vacuum that becomes your personal assistant tha...
The next XaaS is CICDaaS. Why? Because CICD saves developers a huge amount of time. CD is an especially great option for projects that require multiple and frequent contributions to be integrated. But… securing CICD best practices is an emerging, essential, yet little understood practice for DevOps teams and their Cloud Service Providers. The only way to get CICD to work in a highly secure environment takes collaboration, patience and persistence. Building CICD in the cloud requires rigorous ar...
SYS-CON Events announced today that Datera will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Datera offers a radically new approach to data management, where innovative software makes data infrastructure invisible, elastic and able to perform at the highest level. It eliminates hardware lock-in and gives IT organizations the choice to source x86 server nodes, with business model option...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend 21st Cloud Expo October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
Infoblox delivers Actionable Network Intelligence to enterprise, government, and service provider customers around the world. They are the industry leader in DNS, DHCP, and IP address management, the category known as DDI. We empower thousands of organizations to control and secure their networks from the core-enabling them to increase efficiency and visibility, improve customer service, and meet compliance requirements.
Digital transformation is changing the face of business. The IDC predicts that enterprises will commit to a massive new scale of digital transformation, to stake out leadership positions in the "digital transformation economy." Accordingly, attendees at the upcoming Cloud Expo | @ThingsExpo at the Santa Clara Convention Center in Santa Clara, CA, Oct 31-Nov 2, will find fresh new content in a new track called Enterprise Cloud & Digital Transformation.