Renesas Electronics Announces Consolidated Forecasts for the First Quarter Ending March 31, 2018

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, 2018.

1. Consolidated forecasts for the three months ending March 31, 2018

               

(January 1, 2018 to March 31, 2018)

               

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 9, 2018

    182,000     10,000     9,000     16,000     9.60

Reference:
Results for the
corresponding period
of previous calendar
year (January 1, 2017
– March 31, 2017)

    177,231     22,123     21,161     17,164     10.30
 

While consolidated net sales for the three months ending March 31, 2018 are expected to be 182.0 billion yen, 2.7 percent up year on year, Renesas expects the operating income to decrease by 12.1 billion yen year on year, mainly due to increases in depreciation and raw material costs as well as R&D and selling, general and administrative expenses.

The consolidated forecasts for the first quarter ending March 31, 2018 are calculated at the rate of 107 yen per USD and 132 yen per Euro.

Refer to Renesas Electronics’ press release “Renesas Electronics Reports Financial Results for the Year Ended December 31, 2017” issued on February 9, 2018 for more details.

The statements with respect to the financial outlook of the Group are forward-looking statements involving risks and uncertainties. The Company cautions you in advance that actual results may vary materially from such forward-looking statements due to several important factors.

About Renesas Electronics Corporation

Renesas Electronics Corporation (TSE: 6723) delivers trusted embedded design innovation with complete semiconductor solutions that enable billions of connected, intelligent devices to enhance the way people work and live—securely and safely. A global leader in microcontrollers, analog, power and SoC products, Renesas provides the expertise, quality, and comprehensive solutions for a broad range of Automotive, Industrial, Home Electronics, Office Automation and Information Communication Technology applications to help shape a limitless future. Learn more at renesas.com.

Contacts

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

Contacts

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