Renesas Electronics Reports Financial Results for the First Quarter Ended June 30, 2011

02 Aug 2011

TOKYO, Japan, August 2, 2011 — Renesas Electronics Corporation (TSE:6723) today announced consolidated financial results for the three months ended June 30, 2011.

 

Summary of Consolidated Financial Results

  Three months ended June 30, 2011
  Billion Yen % of Net Sales
Net sales 207.2 100.0
   Sales from semiconductors 184.0  
   Sales from others 23.2  
Operating income (loss) (19.1) (9.2)
Ordinary income (loss) (20.3) (9.8)
Net income (loss) (33.2) (16.0)
Capital expenditures 13.9  
Depreciation and others 27.7  
R&D expenses 47.1  
  Yen  
Exchange rate (USD) 82  
Exchange rate (Euro) 117  
  As of June 30, 2011
  Billion Yen
Total assets 937.4
Net assets 255.8
Equity ratio (%) 26.5
Interest-bearing debt 266.5

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

Note 2: Consolidated financial results for the three months ended June 30, 2011 have not been reviewed by the auditors. The figures are subject to change based on subsequent events or the auditors' review. Renesas Electronics Corporation 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 equipment).

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. 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.