Renesas Electronics Reports Financial Results for the Second

Renesas Electronics Reports Financial Results for the Second Quarter Ended September 30, 2016

TOKYO — (BUSINESS WIRE) — November 2, 2016 — Renesas Electronics Corporation (TSE:6723) today announced consolidated financial results for the six months ended September 30, 2016.

Summary of Consolidated Financial Results


	Three months ended September 30, 2016		Six months ended September 30, 2016
	Billion Yen	% of Net Sales	Billion Yen	% of Net Sales
Net sales	152.6	100.0	304.6	100.0
Sales from semiconductors	148.3		295.8
Sales from others	4.4		8.8
Operating income	14.6	9.5	33.1	10.9
Ordinary income	12.6	8.2	28.8	9.5
Net income attributable to shareholders of parent company	9.4	6.2	19.4	6.4
Capital expenditures (Note 4)	29.7		48.7
Depreciation and others	14.9		29.4
R&D expenses	25.5		49.9
	Yen		Yen
Exchange rate (USD)	104		107
Exchange rate (Euro)	116		120

	As of September 30, 2016
	Billion Yen
Total assets	758.2
Net assets	382.0
Equity Capital	380.0
Equity ratio (%)	50.1
Interest-bearing debt	157.9

Note 1:		All figures are rounded to the nearest 100 million yen.
Note 2:		Consolidated financial results for the three months ended September 30, 2016 have not been reviewed by the auditors. The figures are subject to change based on subsequent events or the auditors’ review.
Note 3:		At the 14th Ordinary General Shareholders’ Meeting held on June 28, 2016, a partial amendment to the Articles of Incorporation was approved and Renesas Electronics Group implemented a change of the fiscal term in which the fiscal year-end will change from March 31 to December 31 starting from the fiscal year 2016. The current fiscal year (fiscal year ending December 31, 2016) in which the transition to the new accounting period is to take place, will comprise the financial results for the nine months from April 1, 2016, to December 31, 2016.
Note 4:		Capital expenditures refer to the amount of order placed for property, plant and equipment (manufacturing equipment) and intangible assets.
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.

Consolidated Financial Results for the Second Quarter Ended September 30, 2016
English translation from the original Japanese-language document

November 2, 2016

Company name		: Renesas Electronics Corporation
Stock exchanges on which the shares are listed		: Tokyo Stock Exchange, First Section
Code number		: 6723
URL		: http://www.renesas.com
Representative		: Bunsei Kure, Representative Director,
		President and CEO
Contact person		: Yoichi Kobayashi, Department Manager
		Corporate Communications Dept.
		Tel. +81 (0)3-6773-3002
Filing date of Shihanki Hokokusho (scheduled)		: November 8, 2016

		(Amounts are rounded to the nearest million yen)

1. Consolidated financial results for the six months ended September 30, 2016

1.1 Consolidated financial results			(% of change from corresponding period of the previous year)


	Net sales		Operating income		Ordinary income		Net income attributable to shareholders of parent company
	Million yen	%	Million yen	%	Million yen	%	Million yen	%

Six months ended September 30, 2016	304,604	(15.6)	33,113	(47.5)	28,836	(57.0)	19,394	(66.2)

Six months ended September 30, 2015	360,701	(13.5)	63,093	24.9	67,121	36.7	57,409	63.5

Reference:		Comprehensive income for the six months ended September 30, 2016: 232 million yen (-99.5%)
		Comprehensive income for the six months ended September 30, 2015: 48,514 million yen (4.0%)


	Net income per share basic	Net income per share diluted
	Yen	Yen

Six months ended September 30, 2016	11.63	11.63

Six months ended September 30, 2015	34.44	---

1.2 Consolidated financial position

	Total assets	Net assets	Equity ratio
	Million yen	Million yen	%

September 30, 2016	758,181	381,973	50.1

March 31, 2016	849,376	381,739	44.7

Reference:	Equity as of September 30, 2016:	379,981 million yen
	Equity as of March 31, 2016:	379,479 million yen


2. Cash dividends

	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, 2016	---	0.00	---	0.00	0.00
Year ending December 31, 2016	---	0.00
Year ending December 31, 2016 (forecast)			---	0.00	0.00

Note:		Change in forecast of cash dividends since the most recently announced forecast: Yes
		For details, please refer to Appendix 1.4., “Forecasts of Cash Dividends” on page 6.


3. Forecast of consolidated results for the nine months ending December 31, 2016
(% of change from corresponding period of the previous year)

	Net sales		Operating income		Ordinary income		Net income attributable to shareholders of parent company		Net income per share
	Million yen	%	Million yen	%	Million yen	%	Million yen	%	yen
Nine months ending December 31, 2016	466,000	---	54,000	---	49,000	---	37,000	---	22.19

1 | 2 | 3 Next Page »