Notice Concerning the Difference between Forecasts and Actual Financial Results for the Year Ended March 31, 2014 Business Wire TOKYO -- May 9, 2014 Renesas Electronics Corporation (TSE: 6723), a premier provider of advanced semiconductor solutions, today announced its difference between consolidated financial forecasts, which it disclosed on February 6, 2014, and actual results, which it disclosed today, for the year ended March 31, 2014 (the period from April 1, 2013 to March 31, 2014). 1. Difference between consolidated forecasts and actual results for the year ended March 31, 2014 (April 1, 2013 to March In millions of yen 31, 2014) Net Operating Ordinary Net Income Net Income Income Income (Loss) Sales (loss) (Loss) (Loss) per Share (Yen) Previous forecasts (As of 822,500 54,700 44,200 (21,800) (20.88) February 6, 2014) Actual 833,011 67,635 58,625 (5,291) (5.07) results Increase 10,511 12,935 14,425 16,509 15.81 (decrease) Percent 1.3% 23.6% 32.6% 75.7% 75.7% change Reference Results for the year 785,764 (23,217) (26,862) (167,581) (401.76) ended March 31, 2014 Background to the difference Renesas announced the following financial results for the year ended March 31, 2014: net sales were 833.0 billion yen, 10.5 billion yen up from the previous forecast (announced on February 6, 2014); semiconductor sales were 796.8 billion yen, 6.8 billion yen up from the previous forecast. Operating income (loss), ordinary income (loss) and net income (loss) were all better than the company’s estimates, mainly owing to semiconductor sales being over the company’s expectation and its efforts on promoting cost-containment measures. Details will be explained in Renesas’ announcement of financial results for the year ended March 31, 2014 on May 9, 2014. 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 premier 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 Media: Kyoko Okamoto, +81 3-6756-5555 firstname.lastname@example.org or Investors: Makie Uehara, +81 3-6756-5552 email@example.com
German November IFO Confidence at 104.7; Median Forecast 103.0
Notice Concerning the Difference between Forecasts and Actual Financial Results for the Year Ended March 31, 2014
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