Renesas Electronics Reports Financial Results for the Year Ended December 31, 2016

08 Feb 2017

Tokyo, Japan, February 8, 2017 — Renesas Electronics Corporation (TSE:6723) today announced consolidated financial results for the year ended December 31, 2016.

 

Summary of Consolidated Financial Results

  Year ended December 31, 2016
  Billion Yen % of Net Sales
Net sales 471.0 100.0
   Sales from semiconductors 457.2  
   Sales from others 13.9  
Operating income 54.7 11.6
Ordinary income 50.0 10.6
Net income attributable to shareholders of parent company 44.1 9.4
Capital expenditures 72.8  
Depreciation and others 45.3  
R&D expenses 78.1  
  Yen  
Exchange rate (USD) 106  
Exchange rate (EUR) 118  
  As of December 31, 2016
  Billion Yen
Total assets 823.1
Net assets 422.4
Equity capital 420.2
Equity ratio (%) 51.0
Interest-bearing debt 157.3

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

Note 2: 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 changed from March 31 to December 31 starting from the fiscal year 2016. The fiscal year (fiscal year ended December 31, 2016) in which the transition to the new accounting period took place, comprised the financial results for the nine months from April 1, 2016, to December 31, 2016.

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

Note 4: 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 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. Amongst 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 renesas.com.


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.