Renesas Electronics Reports Financial Results for the First Quarter Ended March 31, 2020

TOKYO — (BUSINESS WIRE) — April 26, 2020 — Renesas Electronics Corporation (TSE:6723) today announced consolidated financial results in accordance with IFRS for the three months ended March 31, 2020.

Summary of Consolidated Financial Results

 

Three months ended
March 31, 2020

 

Billion Yen

 

% of Net Sales

Revenue

178.7

 

100.0

Operating profit

13.3

 

7.4

Profit attributable to the owners of the parent

11.3

 

6.3

Capital expenditures (Note 3)

6.3

 

 

Depreciation and others

38.8

 

 

R&D expenses (Note 4)

33.7

 

 

 

Yen

 

 

Exchange rate (USD)

110

 

 

Exchange rate (EUR)

121

 

 

 

 

 

As of March 31, 2020

 

Billion Yen

Total assets

1,657.8

Total equity

627.3

Equity attributable to owners of the parent

624.4

Equity ratio attributable to owners of the parent (%)

37.7

Interest-bearing debt

764.2

Note 1:

All figures are rounded to the nearest 100 million yen.

Note 2:

Following the acquisition of Integrated Device Technology, Inc. (hereinafter “IDT”) and the absorption type merger of IDT with Renesas Electronics America Inc., since January 1, 2020, the Group has begun the integration of business processes and IT systems, etc. as part of the “One Renesas” promotion. With these processes as a momentum, expense classifications have been revised in order to appropriately display the Group’s financial status and business performance.

Note 3:

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 March 31, 2020. From the quarter ended March 31, 2020, capital expenditures include IDT‘s investments as well as investments including fixed costs of masks and tools.

Note 4:

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

RENESAS ELECTRONICS CORPORATION
Consolidated Financial Results for the First Quarter Ended March 31, 2020
English translation from the original Japanese-language document

April 27, 2020

Company name

:Renesas Electronics Corporation

Stock exchanges on which the shares are listed

:Tokyo Stock Exchange, First Section

Code number

:6723

URL

: https://www.renesas.com

Representative

:Hidetoshi Shibata, Representative Director,

President and CEO

Contact person

:Yoichi Kobayashi, Senior Director

Corporate Communications Dept.

Tel. +81 (0)3-6773-3002

Filing date of Shihanki Hokokusho (scheduled)

:May 12, 2020

(Amounts are rounded to the nearest million yen)

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