Renesas Electronics Announces Consolidated Financial Forecasts and Forecasts of Cash Dividends for the Fiscal Year Ending March 31, 2015

05 Feb 2015

TOKYO, Japan, February 5, 2015 — Renesas Electronics Corporation (TSE: 6723), a premier supplier of advanced semiconductor solutions, today announced the consolidated full-year financial forecasts and forecasts of cash dividends for the fiscal year ending March 31, 2015.

 

1. Consolidated forecasts for the fiscal year ending March 31, 2015

(April 1, 2014 to March 31, 2015)

In millions of yen

  Net Sales Operating Income (Loss) Ordinary Income (Loss) Net Income(Loss) Net Income (Loss) per Share
Original forecasts --- --- --- --- ---
Forecasts as of
February 5, 2015
786,000 98,000 98,000 74,000 43.39
Increase
(decrease)
--- --- --- --- ---
Percent change --- --- --- --- ---
Reference: Results for the year ended March 31, 2014 833,011 67,635 58,625 (5,291) (5.07)

The forecasts for the fiscal year ending March 31, 2015 are sum of the results of the nine months ended December 31, 2014 and the forecasts for the three months ending March 31, 2015. The consolidated forecasts for the fiscal year ending March 31, 2015 are calculated at the rate of 108 yen per USD and 140 yen per Euro.

 

2. Forecasts for cash dividends for the fiscal year ending March 31, 2015

  Dividends per share
  At the end of first quarter At the end of second quarter At the end of third quarter At the end of year Total
Previous forecasts --- --- --- --- ---
Forecasts as of February 5, 2015   ---   0.00 0.00
Results for the year ending March 31, 2015 --- 0.00      
Results for the year ended
March 31, 2014
--- 0.00 --- 0.00 0.00

While the Group expects to record a consolidated net income for the year ending March 31, 2015, it also expects that the Group will not be able to recover from its cumulative loss due to its heavy cumulative loss at the end of the fiscal year ended March 31, 2014. Therefore the Group intends to forgo year-end dividend payments but will work toward improved results that will allow dividends to be reinstated at the earliest possible date.

 

Refer to Renesas Electronics' press release “Renesas Electronics Reports Financial Results for the Third Quarter Ended December 31, 2014” issued on February 5, 2015 for more details.

 

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. Amongst 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.