Renesas Electronics Reports Financial Results for the Second Quarter Ended June 30, 2020

30 Jul 2020

Tokyo, Japan — Renesas Electronics Corporation (TSE:6723) today announced consolidated financial results in accordance with IFRS for the six months ended June 30, 2020.

Summary of Consolidated Financial Results

  Three months ended
June 30, 2020
Six months ended
June 30, 2020
  Billion Yen % of Revenue  Billion Yen % of Revenue
Revenue 166.7 100.0 345.4 100.0
Operating profit 17.3 10.4 30.6 8.8
Profit attributable to owners of the parent 11.9 7.2 23.2 6.7
Capital expenditures (Note 2) 3.9   10.2  
Depreciation and others (Note 3) 34.3   73.2  
R&D expenses (Note 4) 31.4   65.1  
  Yen   Yen  
Exchange rate (USD) 108   109  
Exchange rate (EUR) 118   119  
  As of June 30, 2020
  Billion Yen
Total assets 1,634.5
Total equity 629.4
Equity attributable to owners of the parent 626.5
Equity ratio attributable to owners of the parent (%) 38.3
Interest-bearing debt 740.2

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, 2020. From the quarter ended March 31, 2020, capital expenditures include Integrated Device Technology, Inc (hereinafter “IDT”)’s investments as well as investments including fixed costs of masks and tools.

Note 3: Depreciation and others includes depreciation of fixed assets, amortization of intangible assets and amortization of long-term prepaid expenses in consolidated statements of cash flows.

Note 4: R&D expenses includes a partially 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. A global leader in microcontrollers, analog, power, and SoC products, Renesas provides comprehensive solutions for a broad range of automotive, industrial, infrastructure, and IoT applications that help shape a limitless future. Learn more at Follow us on LinkedIn, Facebook, Twitter, and YouTube.

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.