Renesas Electronics Announces Consolidated Financial Forecasts for the First Quarter Ending June 30, 2014

  Renesas Electronics Announces Consolidated Financial Forecasts for the First
  Quarter Ending June 30, 2014

Business Wire

TOKYO -- May 9, 2014

Renesas Electronics Corporation (TSE:6723), a premier supplier of advanced
semiconductor solutions, today announced the consolidated financial forecasts
for the three months ending June 30, 2014.

1. Consolidated forecasts for the three months ending June 30, 2014

                                                              
(April 1, 2014 to  In millions of yen
June 30, 2014)
                                Operating   Ordinary   Net Income   Net Income
                   Net Sales   Income      Income     (Loss)       (Loss) per
                                (Loss)      (Loss)                  Share
Original            ---         ---         ---        ---          ---
forecasts
Forecasts as of     202,000     20,000      17,500     14,000       8.40
May 9, 2014
Increase            ---         ---         ---        ---          ---
(decrease)
Percent change      ---         ---         ---        ---          ---
Reference:

Results for the     199,057     9,779       8,538      (3,990)      (9.57)
three months
ended June 30,
2013
                                                                    

The consolidated forecasts for the first quarter ending June 30, 2014 are
calculated at the rate of 100 yen per USD and 136 yen per Euro.

Refer to Renesas Electronics’ press release “Renesas Electronics Reports
Financial Results for the Year Ended March 31, 2014” issued on May 9, 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
Media Contacts
Kyoko Okamoto, +81 3-6756-5555
pr@renesas.com
or
Investor Contacts
Makie Uehara, +81 3-6756-5552
ir@renesas.com
 
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