TOKYO, Japan — Renesas Electronics Corporation (TSE:6723) today announced consolidated financial results in accordance with IFRS for the three months ended March 31, 2022.
Summary of Consolidated Financial Results (Note 1)
|Three months ended March 31, 2022|
|Billion Yen||% of Revenue|
|Profit attributable to owners of parent||59.8||17.2|
|Capital expenditures (Note 2)||31.9|
|Depreciation and amortization||43.3|
|R&D expenses (Note 3)||45.6|
|Exchange rate (USD)||115|
|Exchange rate (EUR)||130|
|As of March 31, 2022|
|Equity attributable to owners of parent||1,345.7|
|Equity ratio attributable to owners of parent (%)||51.8|
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, 2022. However, the investments from the Dialog Semiconductors Plc (hereinafter “Dialog”) and Celeno Communications Inc. (hereinafter “Celeno”) are listed as an input basis. It should be noted that as of September 14, 2021, Dialog has changed its company name to Dialog Semiconductor Limited.
Note 3: R&D expenses includes capitalized R&D expenses recorded as intangible assets.
Note 4: The allocation of the acquisition costs for the business combinations with Dialog, which the Group acquired on August 31, 2021, has been revised at the end of the three months ended March 31, 2022. The revised allocation of the acquisition costs (Purchase Price Allocation, hereinafter “PPA”) are reflected in the consolidated financial results for the year ended December 31, 2021.
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) empowers a safer, smarter and more sustainable future where technology helps make our lives easier. A leading global provider of microcontrollers, Renesas combines our expertise in embedded processing, analog, power and connectivity to deliver complete semiconductor solutions. These Winning Combinations accelerate time to market for automotive, industrial, infrastructure and IoT applications, enabling billions of connected, intelligent devices that enhance the way people work and live. Learn more at renesas.com. Follow us on LinkedIn, Facebook, Twitter, YouTube, and Instagram.
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.