Renesas Electronics Reports Financial Results for the First Quarter Ended June 30, 2010

29 Jul 2010

TOKYO, Japan, July 29, 2010 — Renesas Electronics Corporation (TSE: 6723) today announced consolidated financial results for the three months ended June 30, 2010.

 

Three months ended June 30, 2010

  Three months ended June 30, 2010
  Billion Yen % of Net Sales
Net sales 292.0 100.0
   Sales from semiconductors 261.5  
   Sales from others 30.6  
Operating income (loss) (0.3) (0.1)
Ordinary income (loss) (3.5) (1.2)
Net income (loss) (33.1) (11.3)
Capital expenditures 23.7  
Depreciation and others 30.3  
R&D expenses 52.6  
  Yen  
Exchange rate (USD) 92  
Exchange rate (Euro) 121  
  As of June 30, 2010
  Billion Yen
Total assets 1,151.0
Net assets 373.5
Equity ratio (%) 31.9
Interest-bearing debt 375.4
  Persons
Number of employees 48,778

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

(Note 2) Consolidated financial results for the three months ended June 30, 2010 have not been reviewed by the auditors. The figures are subject to change based on subsequent events or the auditor's review. Renesas Electronics Corporation ("the Company") will promptly notify the correction by issuing a press release.

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

(Note 4) Depreciation and others includes depreciation and amortization of intangible assets and amortization of long-term prepaid expenses.



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 "Renesas Electronics") 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 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.