Renesas Electronics Reports Financial Results for the First Quarter Ended June 30, 2016

TOKYO — (BUSINESS WIRE) — August 9, 2016 — Renesas Electronics Corporation (TSE:6723) today announced consolidated financial results for the three months ended June 30, 2016.

Summary of Consolidated Financial Results

     
  Three months ended
June 30, 2016
Billion Yen     % of Net Sales
Net sales 152.0 100.0
Sales from semiconductors 147.5
Sales from others 4.4
Operating income 18.6 12.2
Ordinary income 16.3 10.7
Net income attributable to shareholders of parent company 10.0     6.6
Capital expenditures 19.0
Depreciation and others 14.5
R&D expenses 24.4      
Yen
Exchange rate (USD) 111
Exchange rate (Euro) 124      
 
  As of June 30, 2016
Billion Yen
Total assets 823.2
Net assets 375.5
Equity Capital 373.5
Equity ratio (%) 45.4%
Interest-bearing debt 237.9
 
Note 1:     All figures are rounded to the nearest 100 million yen.
Note 2: Consolidated financial results for the three months ended June 30, 2016 have been reviewed by the auditors.
Note 3:

At the 14th Ordinary General Shareholders’ Meeting held on June 28, 2016, a partial amendment to the Articles of Incorporation was approved and Renesas Electronics Group implemented a change of the fiscal term in which the fiscal year-end will change from March 31 to December 31 starting from the fiscal year 2016. The current fiscal year (fiscal year ending December 31, 2016) in which the transition to the new accounting period is to take place, will comprise the financial results for the nine months from April 1, 2016, to December 31, 2016.

Note 4:

Capital expenditures refer to the amount of order placed for property, plant and equipment (manufacturing equipment) and intangible assets.

Note 5:

Depreciation and others includes depreciation and amortization of intangible assets and amortization of long-term prepaid expenses in quarterly consolidated statements of cash flows.

 

Consolidated Financial Results for the First Quarter Ended June 30, 2016

English translation from the original Japanese-language document
   

August 10, 2016

 
Company name

: Renesas Electronics Corporation

Stock exchanges on which the shares are listed : Tokyo Stock Exchange, First Section
Code number

: 6723

URL

: http://www.renesas.com

Representative

: Bunsei Kure, Representative Director,
President and CEO

Contact person

: Yoichi Kobayashi, Department Manager
Corporate Communications Dept.
Tel. +81 (0)3-6773-3002

Filing date of Shihanki Hokokusho (scheduled) : August 10, 2016
 
(Amounts are rounded to the nearest million yen)
 

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