Renesas Reports Financial Results for the Second Quarter Ended June 30, 2022

TOKYO — (BUSINESS WIRE) — July 27, 2022 — Renesas Electronics Corporation (TSE:6723) today announced consolidated financial results in accordance with IFRS for the six months ended June 30, 2022.

Summary of Consolidated Financial Results (Note 1)

 

Three months ended
June 30, 2022

Six months ended
June 30, 2022

 

Billion Yen

% of Revenue

Billion Yen

% of Revenue

Revenue

376.6

100.0

722.9

100.0

Operating profit

110.2

29.3

210.0

29.1

Profit attributable to owners of parent

50.6

13.4

110.4

15.3

Capital expenditures (Note 2)

148.6

 

180.5

 

Depreciation and amortization

45.9

 

89.9

 

R&D expenses (Note 3)

51.4

 

97.0

 

 

Yen

 

Yen

 

Exchange rate (USD)

124

 

120

 

Exchange rate (EUR)

134

 

132

 

 

As of June 30, 2022

 

Billion Yen

Total assets

2,858.8

Total equity

1,467.7

Equity attributable to owners of parent

1,463.9

Equity ratio attributable to owners of parent (%)

51.2

Interest-bearing liabilities

886.0

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 three months and six months ended June 30, 2022. However, the investments from the former Dialog Semiconductors Plc (hereinafter “Dialog”) and Celeno Communications Inc. (hereinafter “Celeno”) are listed as an input basis. It should be noted that as of September 14, 2021, Dialog has changed its company name to Dialog Semiconductor Limited.

Note 3:

R&D expenses includes capitalized R&D expenses recorded as intangible assets.

Note 4:

The allocation of the acquisition costs for the business combinations with Dialog has been revised at the end of the three months ended March 31, 2022 and for the business combinations with Celeno at the end of the three months ended June 30, 2022. The revised allocation of the acquisition costs (PPA) has been reflected in the consolidated financial results for the year ended December 31, 2021 and for the three months ended March 31, 2022.

RENESAS ELECTRONICS CORPORATION

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