Renesas Electronics Reports Financial Results for the Second Quarter Ended September 30, 2016

Note: Change in forecast of consolidated results since the most recently announced forecast: Yes

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. With some exceptions, the same changes have been made to the Group’s subsidiaries. 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. For details, please refer to Appendix 1.3., “Consolidated Forecasts” on page 6.

[Reference]
The following adjusted change [%] for the forecasts for the year ending December 31, 2016 represents percentage change from the corresponding period in the prior year for the nine‐month period from April 1, 2015 to December 31, 2015. (All numbers are in millions of yen)

Net sales

       

Operating income

       

Ordinary income

466,000 54,000 49,000
-11.3% -38.7% -46.1%
 

Net income attributable to

shareholders of parent company

37,000
-51.3%
 

4.

 

Others

 
4.1 Changes in significant subsidiaries for the six months ended September 30, 2016
(Changes in specified subsidiaries resulting in changes in scope of consolidation): Yes
(Note) For details, please refer to page 7.
 
4.2 Adoption of special accounting policies for quarterly financial statements: Yes
(Note) For details, please refer to page 7.
 
4.3 Changes in Accounting Policies, Changes in Accounting Estimates and Corrections of Prior Period Errors
1. Changes in accounting policies with revision of accounting standard: No
2. Changes in accounting policies except for 4.3.1: No
3. Changes in accounting estimates: No
4. Corrections of prior period errors: No
 
4.4   Number of shares issued and outstanding (common stock)
1.   Number of shares issued and outstanding (including treasury stock)
As of September 30, 2016:           1,667,124,490 shares
As of March 31, 2016: 1,667,124,490 shares
 
2. Number of treasury stock
As of September 30, 2016: 2,581 shares
As of March 31, 2016: 2,581 shares
 
3. Average number of shares issued and outstanding
For the six months ended September 30, 2016: 1,667,121,909 shares
For the six months ended September 30, 2015: 1,667,121,939 shares




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