July 29, 2021

Tokyo, Japan — Renesas Electronics Corporation (TSE:6723) today announced consolidated financial results in accordance with IFRS for the six months ended June 30, 2021.

Summary of Consolidated Financial Results (Note 1)

  Three months ended
June 30, 2021
Six months ended
June 30, 2021
Billion Yen % of Revenue Billion Yen % of Revenue
Revenue 217.9 100.0 421.6 100.0
Operating profit 35.5 16.3 65.7 15.6
Profit attributable to owners of parent 24.0 11.0 37.7 8.9
Capital expenditures (Note 2) 22.5   50.6  
Depreciation and others 33.3   65.7  
R&D expenses (Note 3) 34.1   67.3  
  Yen   Yen  
Exchange rate (USD) 109   107  
Exchange rate (EUR) 131   129  
  As of June 30, 2021
  Billion Yen
Total assets 1,942.7
Total equity 975.8
Equity attributable to owners of parent 972.6
Equity ratio attributable to owners of parent (%) 50.1
Interest-bearing liabilities 647.7

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 quarter ended June 30, 2021. However, the investments from the former Integrated Device Technology, Inc. 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—securely and safely. A global leader in microcontrollers, analog, power and SoC products and integrated platforms, Renesas provides the expertise, quality, and comprehensive solutions for a broad range of Automotive, Industrial, Home Electronics, Office Automation and Information Communication Technology applications to 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.

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