Renesas Electronics Reports Financial Results for the Third Quarter Ended December 31, 2012

  Renesas Electronics Reports Financial Results for the Third Quarter Ended
  December 31, 2012

Business Wire

TOKYO -- February 8, 2013

Renesas Electronics Corporation (TSE:6723) today announced consolidated
financial results for the three months and nine months ended December 31,
2012.

Summary of Consolidated Financial Results

                            Three months
                          ended                    Nine months ended
                            December 31,                December 31, 2012
                            2012
                           Billion Yen     % of Net  Billion Yen  % of Net
                                             Sales                    Sales
Net sales                   191.0            100.0      600.4         100.0
Sales from semiconductors   177.2                       550.7
Sales from others           13.8                        49.7
Operating income (loss)     (7.9)            (4.2)      (31.2)        (5.2)
Ordinary income (loss)      (11.1)           (5.8)      (35.5)        (5.9)
Net income (loss)          (46.6)          (24.4)    (161.7)      (26.9)
Capital expenditures        2.8                         10.7
Depreciation and others     26.2                        78.9
R&D expenses               32.8                     109.0        
                            Yen                         Yen
Exchange rate (USD)         79                          80
Exchange rate (Euro)       102                      102          
                                         
                          As of December  
                            31, 2012
                            Billion Yen
Total assets                716.7
Net assets                  73.4
Equity Capital              63.3
Equity ratio (%)            8.8
Interest-bearing debt      316.2           

Note 1:  All figures are rounded to the nearest 100 million yen.
          Consolidated financial results for the nine months ended December
          31, 2012 have not been reviewed by the auditors. The figures are
Note 2:   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).
          Depreciation and others includes depreciation and amortization of
Note 4:   intangible assets and amortization of long-term prepaid expenses in
          quarterly consolidated statements of cash flows.

Consolidated Financial Results for the Third Quarter Ended December 31, 2012
English translation from the original Japanese-language document

                                     February 8, 2013
                                      
Company name                          : Renesas Electronics Corporation
Stock exchanges on which the shares   : Tokyo Stock Exchange, First Section
are listed
Code number                           : 6723
URL                                   : http://www.renesas.com
Representative                        : Yasushi Akao, President
Contact person                        : Taizo Endo, Executive Manager
                                      Corporate Communications Dept
                                      Tel. +81 (0)3-6756-5552
Filing date of Shihanki Hokokusho     : February 13, 2013
(scheduled)
                                      
                                      (Amounts are rounded to the nearest
                                      million yen)
                                      

1. Consolidated financial results for the nine months ended December 31, 2012

1.1 Consolidated operating results (% of change from corresponding period of
the previous year)

                               Operating        Ordinary       Net income
          Net sales         income (loss)   income        (loss)
                                                (loss)
           Million  %       Million   %    Million  %    Million    %
            yen                yen              yen            yen

Nine
months
ended       600,398   (10.8)   (31,240)   ---   (35,535) ---   (161,722)   ---
December
31, 2012

Nine
months
ended      673,431  (21.9)  (33,170)  ---  (36,949) ---  (44,420)   ---
December
31, 2011

Reference:  Comprehensive income for the nine months ended December 31, 2012:
             (153,083) million yen
             Comprehensive income for the nine months ended December 31, 2011:
             (54,735) million yen
             

                               Net income (loss) per  Net income (loss) per
                                 share basic             share diluted
                                Yen                    Yen

Nine months ended December 31,   (387.71)                ---
2012

Nine months ended December 31,  (106.49)               ---
2011
                                                         

1.2 Consolidated financial position

                  Total assets  Net assets   Equity ratio
                   Million yen   Million yen  %
December 31, 2012   716,681        73,384        8.8
                                                 
March 31, 2012     858,204       226,500      25.4

Reference:  Equity as of December 31, 2012:  63,276 million yen
             Equity as of March 31, 2012:      217,958 million yen

Note: Equity is equal to “Net assets” excluding “Share subscription rights”
and “Minority interests”.

2. Cash dividends

                Cash dividends per share
                  At the end   At the end of       At the end   At the
                of first    second quarter     of third    end of  Total
                  quarter                          quarter      year
                 Yen         Yen                Yen         Yen     Yen
Year ended        ---          0.00                ---          0.00     0.00
March 31, 2012
Year ending      ---         0.00               ---                
March 31, 2013
Year ending
March 31, 2013                                           0.00    0.00

(forecast)

Note: Change in forecast of cash dividends since the most recently announced
forecast: No

3. Forecast of consolidated results for the year ending March 31, 2013

(% of change from corresponding period of the previous year)
                        Operating     Ordinary      Net income     Net income
       Net sales       income (loss) income (loss) (loss)         (loss) per
                                                                   share
        Million  %      Million   %   Million   %   Million    %   Yen      %
        yen             yen           yen           yen
Year
ending
March   770,000  (12.8) (26,000)  --  (34,000)  --  (176,000)  --  (421.94) --
31,
2013

Note:  Change in for ecast of consolidated financial results since the most
        recently announced forecast: Yes
        For details, please refer to page 6.

4. Others

4.1 Changes in significant subsidiaries for the nine months ended December 31,
2012

(Changes in specified subsidiaries resulting in changes in scope of
consolidation): No

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 December 31, 2012: 417,124,490 shares

As of March 31, 2012: 417,124,490 shares

2. Number of treasury stock

As of December 31, 2012: 2,548 shares

As of March 31, 2012: 2,548 shares

3. Average number of shares issued and outstanding

For the nine months ended December 31, 2012: 417,121,942 shares

For the nine months ended December 31, 2011: 417,121,942 shares

(Note) Information regarding the implementation of quarterly review procedures

These quarterly financial results are not subject to quarterly review
procedures based upon the Financial Instruments and Exchange Act. These are
under the review procedures for the quarterly financial report at the time of
issuance of this report.

Cautionary Statement

The statements with respect to the financial outlook of Renesas Electronics
Corporation and its consolidated subsidiaries 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
changes in several important factors.

Contact:

Renesas Electronics Corporation
Media Contacts:
Ai Kanehira, +81 3-6756-5555
pr@renesas.com
or
Investor Contacts:
Makie Uehara, +81 3-6756-5552
ir@renesas.com
 
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