Renesas Electronics Reports Financial Results for the Year Ended December 31, 2019

TOKYO — (BUSINESS WIRE) — February 11, 2020 — Renesas Electronics Corporation (TSE:6723) today announced consolidated financial results in accordance with IFRS for the year ended December 31, 2019.

Summary of Consolidated Financial Results

 

Year ended
December 31, 2019

 

Billion Yen

% of Net Sales

Revenue

718.2

100.0

Operating profit

6.8

1.0

Net profit

(5.9)

(0.8)

Capital expenditures (Note 2)

10.8

 

Depreciation and others (Note 3)

148.0

 

R&D expenses (Note 4)

128.7

 

 

Yen

 

Exchange rate (USD)

109

 

Exchange rate (EUR)

123

 

 

 

 

As of December 31, 2019

 

Billion Yen

Total assets

1,667.4

Total equity

623.6

Equity attributable to owners of the parent

620.7

Equity ratio attributable to owners of the parent (%)

37.2

Interest-bearing debt

785.9

Note 1:

All figures are rounded to the nearest 100 million yen.

Note 2:

Capital expenditures refer to the amount of capital for property, plant and equipment (manufacturing equipment) and intangible assets based on the amount of investment decisions made during the year ended December 31, 2019.

Note 3:

Depreciation and others includes depreciation and amortization of intangible assets and amortization of long-term prepaid expenses in consolidated statements of cash flows.

Note 4:

Part of R&D expenses have been capitalized and have been recorded as intangible assets. R&D expense which have been recorded as intangible assets are listed here.

Note 5:

The allocation of the acquisition costs (PPA: Purchase Price Allocation) for the business combinations with Integrated Device Technology, Inc. (“IDT”), which Renesas acquired on March 30, 2019 (JST), has been revised at the end of the full year ended December 2019. The revised allocation of the acquisition costs are reflected in the consolidated financial figures of FY2019/12.

RENESAS ELECTRONICS CORPORATION
Consolidated Financial Results for the Year Ended December 31, 2019
English translation from the original Japanese-language document

February 12, 2020

Company name

:Renesas Electronics Corporation

Stock exchanges on which the shares are listed

:Tokyo Stock Exchange, First Section

Code number

:6723

URL

: https://www.renesas.com

Representative

:Hidetoshi Shibata, Representative Director,

President and CEO

Contact person

:Yoichi Kobayashi, Director

Corporate Communications Dept.

Tel. +81 (0)3-6773-3002

Filing date of Yukashoken Hokokusho (scheduled)

:March 27, 2020

(Amounts are rounded to the nearest million yen)

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