CORRECTION: Renesas Electronics Announces Results of Early Retirement Program

05 Feb 2015

TOKYO, Japan, February 5, 2015 — Renesas Electronics Corporation (TSE: 6723), a premier supplier of advanced semiconductor solutions, today announced a correction of its December 24, 2014 press release entitled “Renesas Electronics Announces Results of Early Retirement Program.

 

Outline of the changes

The changes are underlined.

Original statement Corrected statement
3. Impact on Renesas Electronics' financial forecasts
Renesas Group expects to record special loss of approximately 7.9 billion yen for the three months ending December 31, 2014. Renesas anticipates the program will result in reduction of annual personnel cost by approximately 14.8 billion yen.
The impact of the early retirement program on Renesas Group's business performance has already been incorporated into the consolidated financial forecasts for the three months ending December 31, 2014, announced on October 29, 2014.
3. Impact on Renesas Electronics' financial forecasts
Renesas Group expects to record special loss of approximately 7.2 billion yen for the three months ending December 31, 2014. Renesas anticipates the program will result in reduction of annual personnel cost by approximately 14.8 billion yen.
The impact of the early retirement program on Renesas Group's business performance has already been incorporated into the consolidated financial forecasts for the three months ending December 31, 2014, announced on October 29, 2014.

(Note) No correction has been made to the number of applicants.

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 renesas.com. 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.