Renesas Electronics Reports Financial Results for the First Quarter Ended June 30, 2013 Business Wire TOKYO -- August 2, 2013 Renesas Electronics Corporation (TSE:6723) today announced consolidated financial results for the three months ended June 30, 2013. Summary of Consolidated Financial Results Three months ended June 30, 2013 Billion Yen ％ of Net Sales Net sales 199.1 100.0 Sales from semiconductors 189.6 Sales from others 9.5 Operating income (loss) 9.8 4.9 Ordinary income (loss) 8.5 4.3 Net income (loss) (4.0 ) (2.0 ) Capital expenditures 1.7 Depreciation and others 19.2 R&D expenses 32.6 Exchange rate (USD) 98 Exchange rate (Euro) 127 As of June 30, 2013 Billion Yen Total assets 668.4 Net assets 80.3 Equity 67.9 Equity ratio (%) 10.2 Interest-bearing debt 299.4 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 of Note 3: 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, 2013 English translation from the original Japanese-language document August 2, 2013 Company name : Renesas Electronics Corporation Stock exchanges on which the : Tokyo Stock Exchange, First Section shares are listed Code number : 6723 URL : http://www.renesas.com Representative : Hisao Sakuta, Representative Director, Chairman and CEO Contact person : Taizo Endo, Executive Manager Corporate Communications Dept Tel. +81 (0)3-6756-5552 Filing date of Shihanki : August 2, 2013 Hokokusho (scheduled) (Amounts are rounded to the nearest million yen) 1. Consolidated financial results for the three months ended June 30, 2013 1.1 Consolidated financial (% of change from corresponding period of the results previous year) Net sales Operating Ordinary income Net income income (loss) (loss) (loss) Million % Million % Million % Million % yen yen yen yen Three months ended 199,057 6.7 9,779 --- 8,538 --- (3,990 ) --- June 30, 2013 Three months ended 186,612 (10.0 ) (17,603 ) --- (17,609 ) --- (20,757 ) --- June 30, 2012 Reference: Comprehensive income for the three months 2,340 million yen ended June 30, 2013: Comprehensive income for the three months (26,234) million yen ended June 30, 2012: Net income (loss) Net income (loss) per share basic per share diluted Yen Yen Three months ended June 30, 2013 (9.57) --- Three months ended June 30, 2012 (49.76) --- 1.2 Consolidated financial position Total assets Net assets Equity ratio Million yen Million yen % June 30, 2013 668,375 80,255 10.2 March 31, 2013 669,104 77,924 10.0 Reference: Equity as of June 30, 2013: 67,883 million yen Equity as of March 31, 66,744 million yen 2013: 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 At the end At the of of of end of Total first second third year quarter quarter quarter Yen Yen Yen Yen Yen Year ended March 31, --- 0.00 --- 0.00 0.00 2013 Year ending March 31, --- 2014 Year ending March 31, 0.00 --- --- --- 2014 (forecast) Note: Change in forecast of cash dividends since the most recently announced forecast: Yes Please refer to Appendix 1.4., “Forecasts of Cash Dividends” on page 5. 3. Forecast of consolidated results for the six months ending September 30, 2013 (% of change from corresponding period of the previous year) Net Operating Ordinary Net income income Net sales income income (loss) (loss) (loss) (loss) per share Million % Million % Million % Million % yen yen yen yen yen Six months ending 408,000 (0.3 ) 14,000 -- 8,500 -- (40,000 ) -- (95.90 ) September 30, 2013 Note: Change in forecast of consolidated results since the most recently announced forecast: Yes Please refer to Appendix 1.3., “Consolidated Forecasts” on page 5. 4. Others 4.1 Changes in significant subsidiaries for the three months ended June 30, 2013 (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 6. 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 June 30, 2013: 417,124,490 shares As of March 31, 2013: 417,124,490 shares 2. Number of treasury stock As of June 30, 2013: 2,548 shares As of March 31, 2013: 2,548 shares 3. Average number of shares issued and outstanding For the three months ended June 30, 2013: 417,121,942 shares For the three months ended June 30, 2012: 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. The review procedures for the quarterly financial report have been completed by 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 Contact: Shino Inokuma, +81 3-6756-5555 email@example.com Investor Contact: Ai Kanehira, +81 3-6756-5573 firstname.lastname@example.org
Renesas Electronics Reports Financial Results for the First Quarter Ended June 30, 2013
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