Renesas Electronics Reports Financial Results for the Second Quarter Ended September 30, 2016

TOKYO — (BUSINESS WIRE) — November 2, 2016 — Renesas Electronics Corporation (TSE:6723) today announced consolidated financial results for the six months ended September 30, 2016.

Summary of Consolidated Financial Results

       
  Three months ended
September 30, 2016
Six months ended
September 30, 2016
Billion Yen   % of Net Sales Billion Yen   % of Net Sales
Net sales 152.6 100.0 304.6 100.0
Sales from semiconductors 148.3 295.8
Sales from others 4.4 8.8
Operating income 14.6 9.5 33.1 10.9
Ordinary income 12.6 8.2 28.8 9.5

Net income attributable to shareholders of parent company

9.4 6.2 19.4 6.4
Capital expenditures (Note 4) 29.7 48.7
Depreciation and others 14.9 29.4
R&D expenses 25.5   49.9  
Yen Yen
Exchange rate (USD) 104 107
Exchange rate (Euro) 116   120  
     
  As of September 30, 2016  
Billion Yen
Total assets 758.2
Net assets 382.0
Equity Capital 380.0
Equity ratio (%) 50.1
Interest-bearing debt 157.9  
Note 1:   All figures are rounded to the nearest 100 million yen.
Note 2: Consolidated financial results for the three months ended September 30, 2016 have not been reviewed by the auditors. The figures are subject to change based on subsequent events or the auditors’ review.
Note 3: At the 14th Ordinary General Shareholders’ Meeting held on June 28, 2016, a partial amendment to the Articles of Incorporation was approved and Renesas Electronics Group implemented a change of the fiscal term in which the fiscal year-end will change from March 31 to December 31 starting from the fiscal year 2016. The current fiscal year (fiscal year ending December 31, 2016) in which the transition to the new accounting period is to take place, will comprise the financial results for the nine months from April 1, 2016, to December 31, 2016.
Note 4: Capital expenditures refer to the amount of order placed for property, plant and equipment (manufacturing equipment) and intangible assets.
Note 5: 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 Second Quarter Ended September 30, 2016

English translation from the original Japanese-language document
 

November 2, 2016

 
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 : Bunsei Kure, Representative Director,

  President and CEO

Contact person : Yoichi Kobayashi, Department Manager

  Corporate Communications Dept.

  Tel. +81 (0)3-6773-3002

Filing date of Shihanki Hokokusho (scheduled) : November 8, 2016
 

  (Amounts are rounded to the nearest million yen)

 

1.  Consolidated financial results for the six months ended September 30, 2016

 

1.1 Consolidated financial results

(% of change from corresponding period of the previous year)

 
             
  Net sales Operating income Ordinary income

Net income
attributable to
shareholders of
parent company

Million yen   % Million yen   % Million yen   % Million yen   %

 

Six months ended September 30, 2016

304,604

(15.6) 33,113 (47.5) 28,836 (57.0) 19,394 (66.2)
 

Six months ended September 30, 2015

360,701 (13.5) 63,093 24.9 67,121 36.7 57,409 63.5
 
Reference:   Comprehensive income for the six months ended September 30, 2016: 232 million yen (-99.5%)
Comprehensive income for the six months ended September 30, 2015: 48,514 million yen (4.0%)
 
       
 

Net income per
share basic

Net income per
share diluted

Yen Yen

 

Six months ended September 30, 2016

11.63 11.63

 

Six months ended September 30, 2015

34.44 ---
 

1.2 Consolidated financial position

           
  Total assets Net assets Equity ratio
Million yen Million yen %
 
September 30, 2016 758,181 381,973 50.1
 
March 31, 2016 849,376 381,739 44.7
Reference:       Equity as of September 30, 2016:       379,981 million yen
Equity as of March 31, 2016: 379,479 million yen
 
 

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, 2016 --- 0.00 --- 0.00 0.00
Year ending December 31, 2016 --- 0.00      
Year ending December 31, 2016 (forecast)     --- 0.00 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 6.
 
         

3.   Forecast of consolidated results for the nine months ending December 31, 2016

(% of change from corresponding period of the previous year)

         
  Net sales Operating income Ordinary income

Net income
attributable to
shareholders of
parent company

Net
income
per share

Million yen   % Million yen   % Million yen   % Million yen   % yen
Nine months ending December 31, 2016 466,000 --- 54,000 --- 49,000 --- 37,000 --- 22.19

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