Renesas Electronics Announces Consolidated Financial Forecasts and Forecasts of Cash Dividends for the Fiscal Year Ending March

  Renesas Electronics Announces Consolidated Financial Forecasts and Forecasts
  of Cash Dividends for the Fiscal Year Ending March 31, 2014

Business Wire

TOKYO -- February 6, 2014

Renesas Electronics Corporation (TSE: 6723), a premier supplier of advanced
semiconductor solutions, today announced the consolidated full-year financial
forecasts and forecasts of cash dividends for the fiscal year ending March 31,
2014.

1. Consolidated forecasts for the fiscal year ending March 31, 2014

(April 1, 2013 to December 31, 2013)                            In millions
                                                                   of yen
                               Operating   Ordinary   Net Income   Net Income
                 Net Sales  Income     Income    (Loss)      (Loss) per
                               (loss)      (Loss)                  Share
Original          ---        ---        ---       ---         ---
forecasts
Forecasts as of   822,500    54,700     44,200    (21,800)    (20.88)
February 6, 2014
Increase          ---        ---        ---       ---         ---
(decrease)
Percent change    ---        ---        ---       ---         ---
Reference:

Results for the
year              785,764    (23,217)   (26,862)  (167,581)   (401.76)

ended March 31,
2013

The forecasts for the fiscal year ending March 31, 2014 are sum of the results
of the nine months ended December 31, 2013 and the forecasts for the three
months ending March 31, 2014. The consolidated forecasts for the fiscal year
ending March 31, 2014 are calculated at the rate of 99 yen per USD and 132 yen
per Euro.

2. Forecasts for cash dividends for the fiscal year ending March 31, 2014
                      Dividends per share
                        At the end   At the end   At the end   At the
                      of first    of second   of third    end      Total
                        quarter      quarter      quarter      of year
Previous forecasts     -          -          -          -       -
Forecasts as of
                                  -                     0.00     0.00
February 6, 2014
Results for the three
months ended December  -          0.00                           
31, 2013
Results for the year
                       -          0.00        -          0.00     0.00
ended March 31, 2013

For the forecasts of cash dividends for the fiscal year ending March 31, 2014,
the Group expects to record a consolidated net loss in the fiscal year ending
March 31, 2014, and expects that the Group will not be able to recover from
its cumulative loss due to its heavy cumulative loss in the previous fiscal
year ended March 31, 2013. Therefore the Group intends to forgo year-end
dividend payments but will work toward improved results that will allow
dividends to be reinstated at the earliest possible date.

Refer to Renesas Electronics’ press release “Renesas Electronics Reports
Financial Results for the Third Quarter Ended December 31, 2013” issued on
February 6, 2014 for more details.

Forward-Looking Statements

The statements in this press release with respect to the plans, strategies and
financial outlook of Renesas Electronics 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 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 has subsidiaries in 20 countries worldwide. More
information can be found at www.renesas.com.

Contact:

Renesas Electronics Corporation
Kyoko Okamoto, +81 3-6756-5555 (Media)
pr@renesas.com
or
Ai Kanehira, +81 3-6756-5552 (Investors)
ir@renesas.com
 
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