Renesas Electronics Reports Financial Results for the Year Ended March 31, 2014

  Renesas Electronics Reports Financial Results for the Year Ended March 31,   2014  Business Wire  TOKYO -- May 9, 2014  Renesas Electronics Corporation (TSE:6723) today announced consolidated financial results for the year ended March 31, 2014.   Summary of Consolidated Financial Results                             Year ended                            March 31, 2014                               Billion Yen  % of Net Sales Net sales                     833.0         100.0 Sales from semiconductors     796.8 Sales from others             36.2 Operating income (loss)       67.6          8.1 Ordinary income (loss)        58.6          7.0 Net income (loss)           (5.3)        (0.6) Capital expenditures          29.3 Depreciation and others       76.7 R&D expenses                115.3                                       Yen Exchange rate (USD)           100 Exchange rate (Euro)        133                                                                  As of March 31, 2014                               Billion Yen Total assets                  786.0 Net assets                    227.3 Equity                        214.6 Equity ratio (%)              27.3 Interest-bearing debt       270.9          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 Note 3:   expenses and amortization of long-term prepaid expenses in quarterly           consolidated statements of cash flows.             Consolidated Financial Results for the Year Ended March 31, 2014 English translation from the original Japanese-language document                                                                             May 9, 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 Date of the ordinary general          : June 25, 2014 shareholders’ meeting (scheduled) Filing date of Yukashoken             : June 25, 2014 Hokokusho (scheduled)                                                                                 (Amounts are rounded to the nearest                                         million yen)                                           1. Consolidated financial results for year ended March 31, 2014  1.1 Consolidated financial  (% of change from corresponding period of the results                      previous year)                              Operating        Ordinary         Net income        Net sales          income          income          (loss)                              (loss)           (loss)         Million   %       Million   %    Million   %    Million    %          yen                 yen              yen              yen  Year ended March    833,011    6.0      67,635     ---   58,625     ---   (5,291)     --- 31, 2014  Year ended March   785,764   (11.0)  (23,217)  ---  (26,862)  ---  (167,581)  --- 31, 2013  Reference:  Comprehensive income for the year ended    8,783 million yen              March 31, 2014:              Comprehensive income for the year ended     (148,542) million yen              March 31, 2013:                                                                                                                                              Net income   Net income   Ordinary       Operating            Net income    (loss) per   (loss)       income         income          (loss) per   share       ratio per   (loss) ratio  (loss) ratio            share basic   diluted      equity       per total      per sales                                                    assets           Yen          Yen         %           %             %  Year ended      (5.07)        ---          (3.8)        7.5            8.1 March 31, 2014  Year ended     (401.76)     ---         (117.7)     (3.5)         (3.0) March 31, 2013  Reference:  Equity in net income of affiliates of the year   168 million yen              ended March 31, 2014:              Equity in net income of affiliates of the year    40 million yen              ended March 31, 2013:                                                                  1.2 Consolidated financial position                Total assets  Net assets   Equity ratio  Net assets per                                                              share                 Million yen   Million yen  %             Yen                                                               March 31, 2014   786,002        227,314       27.3           128.73                                                               March 31, 2013  669,104       77,924       10.0          160.01  Reference:            Equity as of March 31,          214,601 million yen                        2014:                        Equity as of March 31,           66,744 million yen                        2013:  Note: Equity is equal to “Net assets” excluding “Share subscription rights” and “Minority interests”                                                           1.3 Consolidated cash flows              Cash flows     Cash flows     Cash flows     Cash and cash              from           from           from                                                      equivalents at the              operating      investing      financing      end of the year              activities     activities     activities             Million yen   Million yen   Million yen   Million yen  Year ended March 31,    93,722         (19.241)       107,007        265,897 2014                                                            Year ended March 31,   (54,101)      (43,160)      36,849        77,731 2013                                                             2. Cash dividends            Cash dividends per share                                                            At the    At the    At the    At             Total       Dividends        Dividends              end of    end of    end of    the            dividends   payout ratio     ratio per net            first    second   third    end   Total  during     (consolidated)  assets              quarter   quarter   quarter   of             the year                     (consolidated)                                            year             Yen      Yen      Yen      Yen   Yen Year ended March 31,    ---       0.00      ---       0.00   0.00    ---         ---              --- 2014 Year ended March 31,   ---      0.00     ---      0.00  0.00   ---        ---             --- 2013 Year ending March 31, 2015        ---      ---      ---      ---   ---              ---              (forecast)                                                                                            3. Forecast of consolidated results for the three months ending June 30, 2014 (% of change from corresponding period of the previous year)                                                                           Net                          Operating        Ordinary         Net income     income        Net sales      income (loss)   income (loss)   (loss)        (loss)                                                                           per                                                                           share         Million  %    Million  %     Million  %     Million  %   yen          yen             yen              yen              yen Three months ending  202,000  0.7  200,00   17.9  175,00   13.8  140,00   --  8.40 June 30, 2014  Note:  Change in forecast of consolidated results since the most recently         announced forecast: No Please refer to Appendix 1.3., “Consolidated Forecasts” on page 7.   4. Others  4.1 Changes in significant subsidiaries for the year ended March 31, 2014 (Changes in specified subsidiaries resulting in changes in scope of consolidation): No  4.2 Changes in Accounting Policies, Changes in Accounting Estimates and Corrections of Prior Period Errors 1. Changes in accounting policies with revision of accounting standard: Yes 2. Changes in accounting policies except for "Changes in Accounting Policies": No 3. Changes in accounting estimates: No 4. Corrections of prior period errors: No                                                 4.3 Number of shares issued and outstanding (common stock) 1. Number of shares issued and outstanding (including treasury stock) As of March 31, 2014: 1,667,124,490 shares As of March 31, 2013: 417,124,490 shares                                                                   2. Number of treasury stock As of March 31, 2014: 2,548 shares As of March 31, 2013: 2,548 shares                                                                   3. Average number of shares issued and outstanding For the year ended March 31, 2014: 1,043,834,271 shares For the year ended March 31, 2013: 417,121,942 shares                                                                    (Reference) Non-consolidated results for the year ended March 31, 2014  Non-consolidated financial results  (% of change from corresponding period of the previous year)        Net sales         Operating income  Ordinary        Net income                             (loss)             income (loss)    (loss)         Million   %      Million     %    Million    %   Million    %          yen                yen                yen              yen                                                                              Year ended March    738,088    9.1     22,386       --    15,554      --   (12,527)    -- 31, 2014                                                                              Year ended March   676,275   (7.9)  (61,050)    --   (30,781)   --  (189,002)  -- 31, 2013                              Net income          Net income                           (loss) per share:  (loss) per share:                             basic               diluted                            Yen                Yen                                                  Year ended March 31, 2014   (12.00)             --                                                  Year ended March 31, 2013  (453.11)           --                                                   Non-consolidated financial position                                                                       Total assets  Net assets   Equity ratio  Net assets per                                                              share                 Million yen   Million yen  %             Yen                                                               March 31, 2014   731,800        157,455       21.5           94.45                                                               March 31, 2013  667,145       19,880       3.0           47.66  Reference:  Equity at the end of the year ended March    157,455 million yen              31, 2014:              Equity at the end of the year ended March     19,880 million yen              31, 2013:                                                              (Note) Information regarding the implementation of audit procedures These financial statements are under the audit procedures based upon the Financial Instruments and Exchange Act at 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. The Company cautions 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 an earnings conference for institutional investors and analysts on May 9, 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 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 Contacts Kyoko Okamoto, +81 3-6756-5555 pr@renesas.com Investor Contacts Makie Uehara, +81 3-6756-5552 ir@renesas.com  
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