Renesas Electronics Reports Financial Results for the Year Ended March 31, 2013

  Renesas Electronics Reports Financial Results for the Year Ended March 31,
  2013

Business Wire

TOKYO -- May 09, 2013

Renesas Electronics Corporation (TSE:6723) today announced consolidated
financial results for the year ended March 31, 2013.

Summary of Consolidated Financial Results

                           Year ended
                          March 31, 2013
                            Billion Yen  % of Net Sales
Net sales                   785.8         100.0
Sales from semiconductors   724.7
Sales from others           61.1
Operating income (loss)     (23.2)        (3.0)
Ordinary income (loss)      (26.9)        (3.4)
Net income (loss)          (167.6)      (21.3)
Capital expenditures        12.3
Depreciation and others     102.8
R&D expenses               137.1        
                            Yen
Exchange rate (USD)         82
Exchange rate (Euro)       106          

                          As of March 31, 2013
                            Billion Yen
Total assets                669.1
Net assets                  77.9
Equity                      66.7
Equity ratio (%)            10.0
Interest-bearing debt      306.4        

Note 1:  All figures are rounded to the nearest 100 million yen.
Note 2:   Capital expenditures refer to the amount of order placed for
          property, plant and equipment (manufacturing equipment).
          Depreciation and others includes depreciation and amortization
Note 3:   expenses and amortization of long-term prepaid expenses in quarterly
          consolidated statements of cash flows.

Consolidated Financial Results for the Year Ended March 31, 2013
English translation from the original Japanese-language document

May 9, 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                           : Tetsuya Tsurumaru, President
Contact person                           : Taizo Endo, Executive Manager
                                        Corporate Communications Dept
                                        Tel. +81 (0)3-6756-5552
Date of the ordinary general             : June 26, 2013
shareholders’ meeting (scheduled)
Filing date of Yukashoken Hokokusho      : June 26, 2013
(scheduled)
                                         
                                        (Amounts are rounded to the nearest
                                         million yen)

1. Consolidated financial results for year ended March 31, 2013

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

       Net sales          Operating       Ordinary        Net income
                             income (loss)    income (loss)    (loss)
        Million   %       Million   %    Million   %    Million    %
         yen                 yen              yen              yen
                                                                           
Year
ended
March    785,764    (11.0)   (23,217)   ---   (26,862)   ---   (167,581)   ---
31,
2013
                                                                           
Year
ended
March   883,112   (22.4)  (56,750)  ---  (61,228)  ---  (62,600)   ---
31,
2012

Reference:  Comprehensive income for the year ended March 31, 2013: (148,542)
             million yen
            Comprehensive income for the year ended March 31, 2012: (64,516)
             million yen
             

                                                    Ordinary
           Net income     Net income   Net income   income        Operating
         (loss) per    (loss) per  (loss)      (loss)       income
           share basic    share        ratio per    ratio per     (loss) ratio
                          diluted      equity       total         per sales
                                                    assets
          Yen           Yen         %           %            %
                                                                  
Year
ended      (401.76)       ---          (117.7)      (3.5)         (3.0)
March
31, 2013
                                                                  
Year
ended     (150.08)      ---         (25.0)      (6.1)        (6.4)
March
31, 2012

Reference:  Equity in net income of affiliates of the year ended March 31,
             2013: 40 million yen
            Equity in net income of affiliates of the year ended March 31,
             2012: 65 million yen
             

1.2 Consolidated financial position

               Total assets  Net assets   Equity ratio  Net assets per
                                                             share
                Million yen   Million yen  %             Yen
March 31, 2013   669,104        77,924        10.0           160.01
                                                             
March 31, 2012  858,204       226,500      25.4          522.53

Reference:  Equity as of March 31, 2013:  66,744 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”

1.3 Consolidated cash flows

                                                                Cash and cash
                   Cash flows     Cash flows     Cash flows
                   from           from           from           equivalents at
                                                           the
                   operating      investing      financing
                   activities     activities     activities     end of the
                                                                year
                  Million yen   Million yen   Million yen   Million yen
Year ended March   (54,101)       (43,160)       36,849         77,731
31, 2013
                                                                
Year ended March  (9,696)       (55,089)      (138,352)     131,946
31, 2012
                                                                

2. Cash dividends

           Cash dividends per share                                              
             At the    At the    At the    At             Total       Dividends        Dividends
             end of    end of    end of    the            dividends   payout ratio     ratio per net
           first    second   third    end   Total  during     (consolidated)  assets
             quarter   quarter   quarter   of             the year                     (consolidated)
                                           year
            Yen      Yen      Yen      Yen   Yen
Year ended
March 31,    ---       0.00      ---       0.00   0.00    ---         ---              ---
2013
Year ended
March 31,   ---      0.00     ---      0.00  0.00   ---        ---             ---
2012
Year
ending
March 31,   ---      ---      ---      ---   ---              ---             
2014

(forecast)

Note: Cash dividends of the year ending March 31, 2014 have not been decided.

3. Forecast of consolidated results for the year ending March 31, 2014

Renesas Electronics does not present the consolidated forecast for the year
ending March 31, 2014 at this point. For more details, please refer to page 4
of the attached material.

4. Others

4.1 Changes in significant subsidiaries for the year ended March 31, 2013

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

4.2 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 “Changes in Accounting Policies“:
No

3. Changes in accounting estimates: No

4. Corrections of prior period errors: No

4.3 Number of shares issued and outstanding (common stock)

1. Number of shares issued and outstanding (including treasury stock)

As of March 31, 2013: 417,124,490 shares

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

2. Number of treasury stock

As of March 31, 2013: 2,548 shares

As of March 31, 2012: 2,548 shares

3. Average number of shares issued and outstanding

For the year ended March 31, 2013: 417,121,942 shares

For the year ended March 31, 2012: 417,121,942 shares

(Reference) Non-consolidated results for the year ended March 31, 2013

Non-consolidated financial results
(% of change from corresponding period of the previous year)
       Net sales          Operating income  Ordinary       Net income
                             (loss)             income (loss)   (loss)
        Million   %       Million     %    Million   %   Million    %
         yen                 yen                yen             yen
                                                                            
Year
ended
March    676,275    (7.9)    (61,050)     --    (30,781)   --   (189,002)   --
31,
2013
                                                                            
Year
ended
March   733,890   (22.4)  (79,678)    --   (56,186)  --  (46,337)   --
31,
2012
                                                                            

                     Net income (loss) per  Net income (loss) per share:
                       share: basic            diluted
                      Yen                    Yen
                                               
Year ended March 31,   (453.11)                --
2013
                                               
Year ended March 31,  (111.09)               --
2012
                                               

Non-consolidated financial position

               Total assets  Net assets   Equity ratio  Net assets per
                                                             share
                Million yen   Million yen  %             Yen
March 31, 2013   667,145        19,880        3.0            47.66
                                                             
March 31, 2012  777,964       208,994      26.9          500.98

Reference:  Equity at the end of the year ended March 31, 2013: 19,880
             million yen
            Equity at the end of the year ended March 31, 2012: 208,968
             million yen
             

(Note) Information regarding the implementation of audit procedures

These financial statements are under the audit procedures based upon the
Financial Instruments and Exchange Act 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.

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), the world’s number one supplier
of microcontrollers, is a premiere supplier of advanced semiconductor
solutions including microcontrollers, SoC solutions and a broad-range of
analog and power devices. Business operations began as Renesas Electronics
Corporation in April 2010 through the integration of NEC Electronics
Corporation (TSE:6723) and Renesas Technology Corp., with operations spanning
research, development, design and manufacturing for a wide range of
applications. Headquartered in Japan, Renesas Electronics Corporation has
subsidiaries in 20 countries worldwide. More information can be found at
www.renesas.com.

Contact:

Renesas Electronics Corporation
Media Contacts
Shino Inokuma, +81 3-6756-5555
pr@renesas.com
Investor Contacts
Ai Kanehira, +81 3-6756-5552
ir@renesas.com