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 firstname.lastname@example.org or Investor Contacts: Makie Uehara, +81 3-6756-5552 email@example.com
Renesas Electronics Reports Financial Results for the Third Quarter Ended December 31, 2012
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