Renesas Electronics Reports Financial Results for the Second Quarter Ended September 30, 2016

02 Nov 2016

Tokyo, Japan, November 2, 2016 — Renesas Electronics Corporation (TSE:6723) today announced consolidated financial results for the six months ended September 30, 2016.


Summary of Consolidated Financial Results

  Three months ended
September 30, 2016
Six months ended
September 30, 2016
  Billion Yen % of Net Sales Billion Yen % of Net Sales
Net sales 152.6 100.0 304.6 100.0
   Sales from semiconductors 148.3   295.8  
   Sales from others 4.4   8.8  
Operating income 14.6 9.5 33.1 10.9
Ordinary income 12.6 8.2 28.8 9.5
Net income attributable to shareholders of parent company 9.4 6.2 19.4 6.4
Capital expenditures (Note 4) 29.7   48.7  
Depreciation and others 14.9   29.4  
R&D expenses 25.5   49.9  
  Yen   Yen  
Exchange rate (USD) 104   107  
Exchange rate (Euro) 116   120  
  As of September 30, 2016
  Billion Yen
Total assets 758.2
Net assets 382.0
Equity capital 380.0
Equity ratio (%) 50.1
Interest-bearing debt 157.9

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

Note 2: Consolidated financial results for the three months ended September 30, 2016 have not been reviewed by the auditors. The figures are subject to change based on subsequent events or the auditors' review.

Note 3: At the 14th Ordinary General Shareholders' Meeting held on June 28, 2016, a partial amendment to the Articles of Incorporation was approved and Renesas Electronics Group implemented a change of the fiscal term in which the fiscal year-end will change from March 31 to December 31 starting from the fiscal year 2016. The current fiscal year (fiscal year ending December 31, 2016) in which the transition to the new accounting period is to take place, will comprise the financial results for the nine months from April 1, 2016, to December 31, 2016.

Note 4: Capital expenditures refer to the amount of order placed for property, plant and equipment (manufacturing equipment) and intangible assets.

Note 5: Depreciation and others includes depreciation and amortization of intangible assets 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 Corporation 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, home electronics, office automation, and information communication technology applications that help shape a limitless future. Learn more at

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.