Renesas Electronics Announces Consolidated Financial Forecasts for the First Quarter Ending March 31, 2017

TOKYO--()--Renesas Electronics Corporation (TSE: 6723), a premier supplier of advanced semiconductor solutions, today announced the consolidated financial forecasts for the three months ending March 31, 2017.

1. Consolidated forecasts for the three months ending March 31, 2017

(January 1, 2017 to March 31, 2017)

 

In millions of yen

        Net Income  

Net

Net

Operating Ordinary Attributable to

Income per

Sales

Income Income Shareholders of

Share

                Parent Company  

(Yen)

Forecasts as of

February 8, 2017

  171,000   23,000   22,000   19,000   11.40

Reference:

Results for the corresponding period of previous calendar year (January 1, 2016 – March 31, 2016)

  167,792   15,725   11,241   10,292   6.17
 

In accordance with the change of the fiscal term in which the fiscal year-end changed from March 31 to December 31, the fiscal year ended December 31, 2016, in which the transition to the new accounting period took place, comprised the financial results for the nine months from April 1, 2016 to December 31, 2016. Therefore, in the descriptions above the financial results for the first quarter of the fiscal year 2017 (January 1, 2017 to March 31, 2017) are compared with the corresponding period of the previous calendar year, from January 1, 2016 to March 31, 2016.

The consolidated forecasts for the first quarter ending March 31, 2017 are calculated at the rate of 111 yen per USD and 118 yen per Euro.

Refer to Renesas Electronics’ press release “Renesas Electronics Reports Financial Results for the Year Ended December 31, 2016” issued on February 8, 2017 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
or
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 three months ending March 31, 2017.

Contacts

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