2019年5月14日

TOKYO, Japan ― Renesas Electronics Corporation (TSE: 6723), a premier supplier of advanced semiconductor solutions, today announced the consolidated financial forecasts for the six months ending June 30, 2019 and forecasts of cash dividends.

The Group reports its consolidated forecasts on a quarterly basis (cumulative quarters) as a range because of the difficulty of forecasting full-year results with high accuracy due to the short-term volatility of the semiconductor market.

Additionally, in order to provide useful information that will help to better understand the Group’s constant business results, figures such as sales, semiconductor sales and gross margin are presented in the non-GAAP format, which excludes or adjusts the non-recurring items related to acquisitions and other adjustments including non-recurring expenses or income from the figures based on GAAP (IFRS based) following a certain set of rules. The gross margin and operating margin forecasts are given assuming the midpoint in the net sales forecast.

 

1. Consolidated forecasts for the six months ending June 30, 2019

(January 1, 2019 to June 30, 2019)

  Non-GAAP Revenue Non-GAAP Revenue from Semiconductors Non-GAAP Gross Margin Non-GAAP Operating Income
Original forecasts --- --- --- ---
Forecasts as of May 14, 2019 Million yen
335,259
to 343,259
Million yen
328,240
to 336,240
41.6% 7.4%
Increase (decrease) --- --- --- ---
Percent change --- --- --- ---
Reference:
Corresponding period of the previous year
(January 1, 2018 to June 30, 2018)
Million yen
388,909
Million yen
381,012
46.1% 16.2%

(Note) Non-GAAP figures are calculated by adjusting or removing non-recurring items and other adjustments from GAAP (IFRS based) figures following a certain set of rules. The Group believes non-GAAP measures provide useful information in understanding and evaluating the Group’s constant business results, and therefore results are provided in non-GAAP base. This adjustment and exclusion include the amortization of intangible assets recognized from acquisitions, other PPA (purchase price allocation) adjustments and costs relating to acquisitions, stock-based compensation, as well as other non-recurring expenses and income the Group believes to be applicable.
In addition, as of the first quarter ended March 31, 2019, there has been a change in the Group’s auditor, and therefore quarterly figures of the year ended December 31, 2018, provided under IFRS are not reviewed by the previous auditor. However, for each of the quarterly figures of the year ended December 31, 2018 provided under the generally accepted accounting principal in Japan (J-GAAP) have been reviewed by the Group’s previous auditor.

The figures of the consolidated forecasts for the six months ending June 30, 2019 are sum of the results of the three months ended March 31, 2019 and the forecasts of the three months ending June 30, 2019.

The consolidated forecasts for the six months ending June 30, 2019 are calculated at the rate of 110 yen per USD and 125 yen per Euro.

2. Forecasts of cash dividends for the fiscal year ending December 31, 2019

  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
Previous forecasts
Forecasts as of May 14, 2019   0.00  -
Results for the year ending December 31, 2019        
Results for the year ended December 31, 2018 0.00 0.00 0.00

The Group will divert its retained earnings for strategic investment opportunities that will enable the Group to respond to rapid environmental changes to thrive in the global marketplace and will aim to increase shareholder profit by improving corporate value. Based on a long-term standpoint, the Group aims to realize stable and sustained growth in profits to allow dividends to be reinstated. However, for the six months ending June 30, 2019, the Group will forego interim dividend payment for this period

For the year ending December 31, 2019, the plan for year-end dividend payments remain undecided, and the Group will immediately announce it when the decisions are made.

For the year ending December 31, 2018, the plan for year-end dividend payments remain undecided, and the Group will immediately announce it when the decisions are made.

Refer to Renesas Electronics' press release “  Renesas Electronics Reports Financial Results for the First Quarter Ended March 31, 2019 (PDF 425 KB)” issued on May 14, 2019 for more details.

Forward-Looking Statements

The statements in this press release with respect to the plans, strategies and financial outlook of Renesas Electronics and its consolidated subsidiaries (collectively “we”) 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 several important factors including, but not limited to, general economic conditions in our markets, which are primarily Japan, North America, Asia, and Europe; demand for, and competitive pricing pressure on, products and services in the marketplace; ability to continue to win acceptance of products and services in these highly competitive markets; and fluctuations in currency exchange rates, particularly between the yen and the U.S. dollar. Among other factors, downturn of the world economy; deteriorating financial conditions in world markets, or deterioration in domestic and overseas stock markets, may cause actual results to differ from the projected results forecast.


*以上新闻稿中所发布的信息,包含但不限于产品价格、规格,为截止到发稿时的信息。日后若发生变更,恕不另行通知。敬请谅解。