Renesas Electronics Announces Consolidated Forecasts for the First Quarter Ending March 31, 2018
TOKYO, Japan, February 9, 2018― Renesas Electronics Corporation (TSE: 6723), a premier supplier of advanced semiconductor solutions, today announced the consolidated financial forecasts for the three months ending March 31, 2018.
1. Consolidated forecasts for the three months ending March 31, 2018
|(January 1, 2018 to March 31, 2018)||In millions of yen|
|Net Income Attributable to Shareholders of Parent Company||Net Income per Share (Yen)|
|Forecasts as of February 9, 2018||182,000||10,000||9,000||16,000||9.60|
Results for the corresponding period of previous calendar year (January 1, 2017 – March 31, 2017)
While consolidated net sales for the three months ending March 31, 2018 are expected to be 182.0 billion yen, 2.7 percent up year on year, Renesas expects the operating income to decrease by 12.1 billion yen year on year, mainly due to increases in depreciation and raw material costs as well as R&D and selling, general and administrative expenses.
The consolidated forecasts for the first quarter ending March 31, 2018 are calculated at the rate of 107 yen per USD and 132 yen per Euro.
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.