TOKYO--(BUSINESS WIRE)--Renesas Electronics Corporation (TSE:6723) today announced consolidated financial results for the three months ended June 30, 2015.
Summary of Consolidated Financial Results
Three months ended June 30, 2015 |
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Billion Yen | % of Net Sales | |||
Net sales | 179.3 | 100.0 | ||
Sales from semiconductors | 174.5 | |||
Sales from others | 4.8 | |||
Operating income | 32.4 | 18.0 | ||
Ordinary income | 33.4 | 18.6 | ||
Net income attributable to shareholders of parent company | 29.9 | 16.7 | ||
Capital expenditures | 19.6 | |||
Depreciation and others | 15.4 | |||
R&D expenses | 19.7 | |||
Yen | ||||
Exchange rate (USD) | 120 | |||
Exchange rate (Euro) | 131 | |||
As of June 30, 2015 | ||||
Billion Yen | ||||
Total assets | 851.8 | |||
Net assets | 344.7 | |||
Equity Capital | 342.4 | |||
Equity ratio (%) | 40.2 | |||
Interest-bearing debt | 259.4 |
Note 1: | All figures are rounded to the nearest 100 million yen. | |
Note 2: | Consolidated financial results for the three months ended June 30, 2015 have not been reviewed by the auditors. The figures are subject to change based on subsequent events or the auditors’ review. | |
Note 3: | Due to the amendments of “Accounting Standard for Business Combinations” and so forth, Renesas Electronics Group has changed the presentation of “Net income” into “Net income attributable to shareholders of parent company” from the first quarter ended June 30, 2015. | |
Note 4: | Capital expenditures refer to the amount of order placed for property, plant and equipment (manufacturing equipment). | |
Note 5: | Depreciation and others includes depreciation and amortization of intangible assets and amortization of long- term prepaid expenses in quarterly consolidated statements of cash flows. | |
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Consolidated Financial Results for the First Quarter Ended June 30, 2015 |
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English translation from the original Japanese-language document | ||
July 31, 2015 |
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Company name |
: Renesas Electronics Corporation |
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Stock exchanges on which the shares are listed | : Tokyo Stock Exchange, First Section | |
Code number | : 6723 | |
URL | : http://www.renesas.com | |
Representative | : Takao Endo, Representative Director, | |
Chairman and CEO | ||
Contact person | : Yoichi Kobayashi, Department Manager | |
Corporate Communications Dept, CEO | ||
Office | ||
Tel. +81 (0)3-6773-3002 | ||
Filing date of Shihanki Hokokusho (scheduled) | : August 6, 2015 | |
(Amounts are rounded to the nearest million yen) | ||
1. Consolidated financial results for the three months ended June 30, 2015 |
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1.1 Consolidated financial results |
(% of change from corresponding period of the previous year) |
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Net sales |
Operating income |
Ordinary income |
Net income attributable to shareholders of parent company |
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Million yen | % | Million yen | % | Million yen | % | Million yen | % | ||||||||||
Three months ended June 30, 2015 |
179,302 |
(14.3) |
32,363 | 19.9 | 33,367 | 31.7 | 29,872 | 40.9 | |||||||||
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Three months ended June 30, 2014 |
209,259 | 5.1 | 26,984 | 175.9 | 25,343 | 196.8 | 21,199 | --- | |||||||||
Reference: Comprehensive income for the three months ended June 30, 2015: 32,844 million yen (54.2%) | |||||||||||||||||
Comprehensive income for the three months ended June 30, 2014: 21,301 million yen (810.3%) | |||||||||||||||||
Net income per share basic |
Net income per share diluted |
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Yen | Yen | |||
Three months ended June 30, 2015 | 17.92 | --- | ||
Three months ended June 30, 2014 | 12.72 | --- | ||
1.2 Consolidated financial position |
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Total assets | Net assets | Equity ratio | |||||
Million yen | Million yen | % | |||||
June 30, 2015 | 851,750 | 344,744 | 40.2 | ||||
March 31, 2015 | 840,087 | 311,909 | 36.8 | ||||
Reference: |
Equity as of June 30, 2015: |
342,354 million yen |
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Equity as of March 31, 2015: |
309,529 million yen |
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2. Cash dividends |
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Cash 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 | |||||||
Yen | Yen | Yen | Yen | Yen | |||||||
Year ended March 31, 2015 | --- | 0.00 | --- | 0.00 | 0.00 | ||||||
Year ending March 31, 2016 | --- | ||||||||||
Year ending March 31, 2016 (forecast) |
0.00 | --- | --- | --- | |||||||
Note: Change in forecast of cash dividends since most recently announced forecast: Yes | |||||||||||
For details, please refer to Appendix 1.4., “Forecasts of Cash Dividends” on page 5. | |||||||||||
3. Forecast of consolidated results for the six months ending September 30, 2015 | |||||||||||||||||||
(% of change from corresponding period of the previous year) |
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Net sales |
Operating income |
Ordinary income |
Net income attributable to shareholders of parent company |
Net income per share |
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Million yen | % | Million yen | % | Million yen | % | Million yen | % | yen | |||||||||||
Six months ending September 30, 2015 | 364,000 | (12.7) | 59,000 | 16.8 | 58,000 | 18.1 | 44,000 | 25.3 | 26.39 | ||||||||||
Note: Change in forecast of consolidated results since the most recently announced forecast: Yes |
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Renesas Electronics Group reports its consolidated forecasts on a quarterly basis as substitute for a yearly forecast. For details, please refer to Appendix 1.3., “Consolidated Forecasts” on page 5. |
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4. Others
4.1 Changes in significant subsidiaries for the three months ended June 30, 2015
(Changes in specified subsidiaries resulting in changes in scope of consolidation): No
4.2 Adoption of special accounting policies for quarterly financial statements: Yes
(Note) For details, please refer to page 6.
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: Yes
(Note) For details, please refer to page 6.
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 June 30, 2015: 1,667,124,490 shares
As of March 31, 2015: 1,667,124,490 shares
2. Number of treasury stock
As of June 30, 2015: 2,548 shares
As of March 31, 2015: 2,548 shares
3. Average number of shares issued and outstanding
For the three months ended June 30, 2015: 1,667,121,942 shares
For the three months ended June 30, 2014: 1,667,121,942 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 are underway 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 (hereafter “the Group”) 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 Group will hold an earnings conference for institutional investors and analysts on July 31, 2015. The Group plans to post the materials which are provided at the meeting, on the Group’s website on that day.