April 28, 2021

TOKYO, Japan — Renesas Electronics Corporation (TSE:6723) today announced consolidated financial results in accordance with IFRS for the three months ended March 31, 2021.

Summary of Consolidated Financial Results (Note 1)

  Three months ended March 31, 2021
  Billion Yen % of Revenue
Revenue 203.7 100.0
Operating profit 30.2 14.8
Profit attributable to owners of parent 13.7 6.7
Capital expenditures (Note 2) 28.1  
Depreciation and others 32.5  
R&D expenses (Note 3) 33.2  
Exchange rate (USD) 104  
Exchange rate (EUR) 127  
  As of March 31, 2021
  Billion Yen
Total assets 1,688.1
Total equity 721.1
Equity attributable to owners of parent 718.0
Equity ratio attributable to owners of parent (%) 42.5
Interest-bearing liabilities 671.1

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

Note 2: Capital expenditures refer to the amount of capital for property, plant and equipment (manufacturing equipment) and intangible assets based on the amount of investment decisions made during the three months ended March 31, 2021. However, the investments from the former Integrated Device Technology, Inc. (hereinafter “IDT”)’ are listed as an input basis.

Note 3: R&D expenses includes capitalized R&D expenses recorded as intangible assets.

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, 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.

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