Renesas Electronics Reports Financial Results for the Third Quarter Ended December 31, 2013 Business Wire TOKYO -- February 6, 2014 Renesas Electronics Corporation (TSE:6723) today announced consolidated financial results for the three months and nine months ended December 31, 2013. Summary of Consolidated Financial Results Three months ended Nine months ended December 31, 2013 December 31, 2013 Billion Yen % of Net Billion Yen % of Net Sales Sales Net sales 215.6 100.0 632.5 100.0 Sales from 207.6 605.0 semiconductors Sales from others 8.0 27.5 Operating income (loss) 30.0 13.9 50.7 8.0 Ordinary income (loss) 29.3 13.6 43.2 6.8 Net income (loss) 23.0 10.7 10.2 1.6 Capital expenditures 6.7 26.0 Depreciation and others 18.5 56.9 R&D expenses 24.8 89.2 Yen Yen Exchange rate (USD) 99 98 Exchange rate (Euro) 134 130 As of December 31, 2013 Billion Yen Total assets 795.8 Net assets 252.2 Equity Capital 240.4 Equity ratio (%) 30.2 Interest-bearing debt 280.9 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 Third Quarter Ended December 31, 2013 English translation from the original Japanese-language document February 6, 2014 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 : February 6, 2014 Hokokusho (scheduled) (Amounts are rounded to the nearest million yen) 1. Consolidated financial results for the nine months ended December 31, 2013 1.1 Consolidated operating (% of change from corresponding period of the results previous year) Net sales Operating Ordinary Net income (loss) income (loss) income (loss) Million % Million % Million % Million % yen yen yen yen Nine months ended 632,508 5.3 50,667 --- 43,244 --- 10,171 --- December 31, 2013 Nine months ended 600,398 (10.8) (31,240) --- (35,535) --- (161,722) --- December 31, 2012 Reference: Comprehensive income for the nine 27,539 million yen months ended December 31, 2013: Comprehensive income for the nine (153,083) million yen months ended December 31, 2012: Net income (loss) Net income (loss) per share basic per share diluted Yen Yen Nine months ended December 31, 2013 12.11 --- Nine months ended December 31, 2012 (387.71) --- 1.2 Consolidated financial condition Total assets Net assets Equity ratio Million yen Million yen % December 31, 2013 795,802 252,245 30.2 March 31, 2013 669,104 77,924 10.0 Reference: Equity as of December 31, 2013: 240,365 million yen Equity as of March 31, 2013: 66,744 million yen 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, --- 0.00 --- 2014 Year ending March 31, 2014 (forecast) 0.00 0.00 Note: Change in forecast of cash dividends since the most recently Yes announced forecast: For details, please refer to page 7. 3. Forecast of consolidated results for the year ending March 31, 2014 (% of change from corresponding period of the previous year) Operating Ordinary Net income Net income Net sales income income (loss) (loss) per (loss) (loss) share Million % Million % Million % Million % Yen % yen yen yen yen Year ending March 822,500 4.7 54,700 -- 44,200 -- (21,800) -- (20.88) -- 31, 2014 Note: Change in forecast of consolidated financial results since the Yes most recently announced forecast: For details, please refer to page 7. 4. Others 4.1 Changes in significant subsidiaries for the nine months ended December 31, 2013 (Changes in specified subsidiaries resulting in changes in scope Yes of consolidation): (Note) For details, please refer to page 7. 4.2 Adoption of special accounting policies for quarterly financial Yes statements: (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, 2013: 1,667,124,490 shares As of March 31, 2013: 417,124,490 shares 2. Number of treasury stock As of December 31, 2013: 2,548 shares As of March 31, 2013: 2,548 shares 3. Average number of shares issued and outstanding For the nine months ended December 31, 2013: 839,849,215 shares For the nine months ended December 31, 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 (hereafter “the Company”) 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. The Renesas Electronics Corporation and its consolidated subsidiaries (hereafter “the Group”) will hold a quarterly earnings conference for institutional investors and analysts on February 6, 2014. The Group plans to post the materials which are provided at the meeting, on the Group’s homepage on that day. 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 approximately 20 countries worldwide. More information can be found at www.renesas.com. Contact: Renesas Electronics Corporation Media Contacts Kyoko Okamoto, +81 3-6756-5555 email@example.com Investor Contacts Ai Kanehira, +81 3-6756-5552 firstname.lastname@example.org
Renesas Electronics Reports Financial Results for the Third Quarter Ended December 31, 2013
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