Renesas Electronics Reports Financial Results for the Second Quarter Ended September 30, 2011

31 Oct 2011

TOKYO, Japan, October 31, 2011 — Renesas Electronics Corporation (TSE:6723) today announced consolidated financial results for the six months ended September 30, 2011.


Summary of Consolidated Financial Results

  Three months ended September 30, 2011 Six months ended September 30, 2011
  Billion Yen % of Net Sales Billion Yen % of Net Sales
Net sales 243.3 100.0 450.6 100.0
   Sales from semiconductors 218.2   402.2  
   Sales from others 25.2   48.4  
Operating income (loss) (10.1) (4.2) (29.2) (6.5)
Ordinary income (loss) (13.1) (5.4) (33.3) (7.4)
Net income (loss) (8.8) (3.6) (42.0) (9.3)
Capital expenditures 11.1   25.0  
Depreciation and others 27.9   55.6  
R&D expenses 46.4   93.4  
  Yen   Yen  
Exchange rate (USD) 79   81  
Exchange rate (Euro) 113   115  
  As of September 30, 2011
  Billion Yen
Total assets 917.7
Net assets 237.9
Equity capital 230.2
Equity ratio (%) 25.1
Interest-bearing debt 265.6

Note 1: All figures are rounded to the nearest 100 million yen.

Note 2: Consolidated financial results for the six months ended September 30, 2011 have not been reviewed by the auditors. The figures are subject to change based on subsequent events or the auditors' review. Renesas Electronics Corporation will promptly notify the correction by issuing a press release.

Note 3: Capital expenditures refer to the amount of order placed for property, plant and equipment (manufacturing equipment).

Note 4: Depreciation and others includes depreciation and amortization expenses and amortization of long-term prepaid expenses in quarterly consolidated statements of cash flows.

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. 


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. A global leader in microcontrollers, analog, power, and SoC products, Renesas provides comprehensive solutions for a broad range of automotive, industrial, infrastructure, and IoT applications that help shape a limitless future. Learn more at Follow us on LinkedIn, Facebook, Twitter, and YouTube.

The content in the press release, including, but not limited to, product prices and specifications, is based on the information as of the date indicated on the document, but may be subject to change without prior notice.