Renesas Electronics Reports Financial Results for the Third Quarter Ended September 30, 2020

TOKYO — (BUSINESS WIRE) — October 28, 2020 — Renesas Electronics Corporation (TSE:6723) today announced consolidated financial results in accordance with IFRS for the nine months ended September 30, 2020.

Summary of Consolidated Financial Results (Note 1)

 

Three months ended
September 30, 2020

Nine months ended
September 30, 2020

 

Billion Yen

% of Revenue

Billion Yen

% of Revenue

Revenue

178.7

100.0

524.1

100.0

Operating profit

17.2

9.7

47.8

9.1

Profit attributable to owners of parent

15.3

8.5

38.5

7.3

Capital expenditures (Note 2)

4.6

 

14.8

 

Depreciation and others (Note 3)

34.5

 

107.7

 

R&D expenses (Note 4)

33.4

 

98.5

 

 

Yen

 

Yen

 

Exchange rate (USD)

107

 

108

 

Exchange rate (EUR)

123

 

121

 

 

 

 

As of September 30, 2020

 

Billion Yen

Total assets

1,620.4

Total equity

632.2

Equity attributable to owners of parent

629.3

Equity ratio attributable to owners of parent (%)

38.8

Interest-bearing liabilities

717.1

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, 2020. From the quarter ended March 31, 2020, capital expenditures include Integrated Device Technology, Inc. (hereinafter “IDT”)’s investments as well as investments including fixed costs of masks and tools.

Note 3:

Depreciation and others includes depreciation of property, plant and equipment, amortization of intangible assets and amortization of 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.

RENESAS ELECTRONICS CORPORATION

Consolidated Financial Results for the Third Quarter Ended September 30, 2020

English translation from the original Japanese-language document

October 29, 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)

:November 5, 2020

(Amounts are rounded to the nearest million yen)

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