Renesas Reports Financial Results for the Third Quarter Ended September 30, 2022

TOKYO — (BUSINESS WIRE) — October 25, 2022 — Renesas Electronics Corporation (TSE:6723) today announced consolidated financial results in accordance with IFRS for the nine months ended September 30, 2022.

Summary of Consolidated Financial Results (Note 1)

 

 

Three months ended
September 30, 2022

 

Nine months ended
September 30, 2022

 

 

Billion Yen

 

% of Revenue

 

Billion Yen

 

% of Revenue

Revenue

 

387.1

 

100.0

 

1,110.0

 

100.0

Operating profit

 

117.9

 

30.5

 

327.9

 

29.5

Profit attributable to owners of parent

 

74.7

 

19.3

 

185.2

 

16.7

Capital expenditures (Note 2)

 

19.8

 

 

 

200.3

 

 

Depreciation and amortization

 

48.0

 

 

 

137.9

 

 

R&D expenses (Note 3)

 

53.1

 

 

 

150.1

 

 

 

 

Yen

 

 

 

Yen

 

 

Exchange rate (USD)

 

135

 

 

 

125

 

 

Exchange rate (EUR)

 

139

 

 

 

135

 

 

 

 

As of September 30, 2022

 

 

Billion Yen

Total assets

 

3,013.3

Total equity

 

1,654.2

Equity attributable to owners of parent

 

1,650.2

Equity ratio attributable to owners of parent (%)

 

54.8

Interest-bearing liabilities

 

820.4

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 nine months ended September 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 include 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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