Renesas Electronics Announces Consolidated Forecasts and Forecasts of Cash Dividends
TOKYO, Japan, November 2, 2017― Renesas Electronics Corporation (TSE: 6723), a premier supplier of advanced semiconductor solutions, today announced the consolidated full-year financial forecasts and forecasts of cash dividends for the fiscal year ending December 31, 2017.
1. Consolidated forecasts for the fiscal year ending December 31, 2017
|(January 1, 2017 to December 31, 2017)||In millions of yen|
|Net Income Attributable to Shareholders of Parent Company||Net Income per Share (Yen)|
(November 2, 2017)
Results for the year ended December 31, 2016
The figures of the consolidated forecasts for the fiscal year ending December 31, 2017 above are sum of the results of the nine-month ended September 30, 2017 and the forecasts of the three months ending December 31, 2017. The consolidated forecasts for the fiscal year ending December 31, 2017 are calculated at the rate of 111 yen per USD and 125 yen per Euro.
2. Forecasts of cash dividends for the fiscal year ending December 31, 2017
|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|
|Forecasts as of|
November 2, 2017
|Results for the year ending December 31, 2017||---||0.00|
|Results for the year ended December 31, 2016||---||0.00||---||0.00||0.00|
For the year ending December 31, 2017, while the Group expects to post net income (net income attributable to shareholders of parent company), the Group regrettably suspended year-end dividend payment for this period.
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.
The statements with respect to the financial outlook of the Group are forward-looking statements involving risks and uncertainties. The Company cautions you in advance that actual results may vary materially from such forward-looking statements due to several important factors.
About Renesas Electronics Corporation
Renesas Electronics Corporation (TSE: 6723) delivers trusted embedded design innovation with complete semiconductor solutions that enable billions of connected, intelligent devices to enhance the way people work and live—securely and safely. A global leader in microcontrollers, analog & power and SoC products, Renesas provides the expertise, quality, and comprehensive solutions for a broad range of Automotive, Industrial, Home Electronics, Office Automation and Information Communication Technology applications to help shape a limitless future. Learn more at renesas.com.