Renesas Electronics Reports Financial Results for the First Quarter Ended June 30, 2013

  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
pr@renesas.com
Investor Contact:
Ai Kanehira, +81 3-6756-5573
ir@renesas.com
 
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