Renesas Electronics Reports Financial Results for the Third Quarter Ended September 30, 2019

TOKYO — (BUSINESS WIRE) — November 6, 2019 — Renesas Electronics Corporation (TSE:6723) today announced consolidated financial results in accordance with IFRS for the nine months ended September 30, 2019.

Summary of Consolidated Financial Results

 

Three months ended
September 30, 2019

Nine months ended
September 30, 2019

 

Billion Yen

% of Net Sales

Billion Yen

% of Net Sales

Revenue

183.4

100.0

526.2

100.0

Operating profit

7.9

4.3

(4.2)

(0.8)

Net profit

3.8

2.1

(7.4)

(1.4)

Capital expenditures

2.9

 

7.4

 

Depreciation and others

39.3

 

109.3

 

R&D expenses

32.7

 

93.9

 

 

Yen

 

Yen

 

Exchange rate (USD)

108

 

110

 

Exchange rate (Euro)

121

 

124

 

 

As of September 30, 2019

 

Billion Yen

Total assets

1,666.0

Total equity

596.6

Equity attributable to owners of the parent

593.8

Equity ratio attributable to owners of the parent (%)

35.6

Interest-bearing debt

828.8

Note 1:

All figures are rounded to the nearest 100 million yen.

Note 2:

Capital expenditures refer to the amount of capital for property, plant and equipment (manufacturing equipment) and intangible assets based on the amount of investment decisions made during the quarter ended September 30, 2019.

Note 3:

Depreciation and others includes depreciation and amortization of intangible assets and long- term prepaid expenses in consolidated statements of cash flows.

Note 4:

R&D expenses includes a partially capitalized R&D expenses recorded as intangible assets.

Note 5:

The allocation of the acquisition costs for the business combinations with Integrated Device Technology, Inc. (hereinafter “IDT”), which the Group acquired on March 30, 2019, has been revised at the end of the nine months ended September 30, 2019. The revised allocation of the acquisition costs are reflected in the Quarterly Consolidated Financial Statements of the nine months ended September 30, 2019.

RENESAS ELECTRONICS CORPORATION

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