Renesas Electronics Announces Consolidated Forecasts and Forecasts of Cash Dividends

TOKYO--()--Renesas Electronics Corporation (TSE:6723), a premier supplier of advanced semiconductor solutions, today announced the consolidated financial forecasts for the six months ending September 30, 2015 and forecasts of cash dividends.

1. Consolidated forecasts for the six months ending September 30, 2015 (April 1, 2015 to September 30, 2015) In millions of yen

   

Net
Sales

 

Operating
Income

 

Ordinary
Income

 

Net Income
Attributable
to Shareholders
of Parent
Company

 

Net
Income per
Share
(Yen)

Original forecasts   ---   ---   ---   ---   ---
Forecasts as of July 31, 2015   364,000   59,000   58,000   44,000   26.39
Increase (decrease)   ---   ---   ---   ---   ---
Percent change   ---   ---   ---   ---   ---

Reference:
Results for the six months
ended September 30, 2014

  416,928   50,526   49,094   35,118   21.07

The forecasts for the six months ending September 30, 2015 are sum of the results of the three months ended June 30, 2015 and the forecasts of the three months ending September 30, 2015.

The consolidated forecasts for the six months ending September 30, 2015 are calculated at the rate of 121 yen per USD and 133 yen per Euro.

2. Forecasts of cash dividends for the fiscal year ending March 31, 2016

    Dividends per share
   

At the end
of first
quarter

 

At the end
of second
quarter

 

At the end
of third
quarter

 

At the end
of year

  Total
Previous forecasts          

Forecasts as of
July 31, 2015

      0.00      

Results for the three
months ended June 30, 2015

 

 

 

           

Results for the year
ended March 31, 2015

    0.00     0.00   0.00

For the year ending March 31, 2016, while the Group expects to post net income (net income attributable to shareholders of parent company) for the six months ending September 30, 2015, the Group regrettably suspended interim dividend payment for this period in order to build a solid profitable financial base that can stably record net income moving forward.

For the year ending March 31, 2016, the plan for year-end dividend payments remain undecided, and the Group will immediately announce it when the decisions are made.

Refer to Renesas Electronics' press release “Renesas Electronics Reports Financial Results for the First Quarter Ended June 30, 2015” issued on July 31, 2015 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. Amongst 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.

Contacts

Media Contacts
Renesas Electronics Corporation
Kyoko Okamoto, +81 3-6773-3001
pr@renesas.com
Investor Contacts
Renesas Electronics Corporation
Makie Uehara, +81 3-6773-3002
ir@renesas.com

Release Summary

Renesas Electronics Corporation today announced the consolidated financial forecasts for the six months ending September 30, 2015 and forecasts of cash dividends.

Contacts

Media Contacts
Renesas Electronics Corporation
Kyoko Okamoto, +81 3-6773-3001
pr@renesas.com
Investor Contacts
Renesas Electronics Corporation
Makie Uehara, +81 3-6773-3002
ir@renesas.com