Renesas Reports Financial Results for the First Quarter Ended March 31, 2023

TOKYO — (BUSINESS WIRE) — April 26, 2023 — Renesas Electronics Corporation (TSE:6723) today announced consolidated financial results in accordance with IFRS for the three months ended March 31, 2023.

Summary of Consolidated Financial Results (Note 1)

 

Three months ended
March 31, 2023

 

Billion Yen

% of Revenue

Revenue

359.4

100.0

Operating profit

123.3

34.3

Profit attributable to owners of parent

105.2

29.3

Capital expenditures (Note 2)

28.0

 

Depreciation and amortization

45.0

 

R&D expenses (Note 3)

53.7

 

 

Yen

 

Exchange rate (USD)

133

 

Exchange rate (EUR)

142

 

 

As of March 31, 2023

 

Billion Yen

Total assets

2,840.8

Total equity

1,661.1

Equity attributable to owners of parent

1,657.3

Equity ratio attributable to owners of parent (%)

58.3

Interest-bearing liabilities

741.4

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 ended March 31, 2023. However, the investments from Dialog Semiconductor Limited (hereinafter “Dialog”) and Celeno Communications Inc. (hereinafter “Celeno”) are listed as an input basis.

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 combination with Steradian Semiconductors Private Limited (hereinafter “Steradian”), which was completed on October 17, 2022, has been revised during the current fiscal year. This revision to the allocation of the acquisition costs has been reflected in the consolidated financial results for the year ended December 31, 2022.

RENESAS ELECTRONICS CORPORATION

Consolidated Financial Results for the First Quarter Ended March 31, 2023

English translation from the original Japanese-language document

 

April 27, 2023

Company name

: Renesas Electronics Corporation

Stock exchanges on which the shares are listed

: Tokyo Stock Exchange, Prime Market

Code number

: 6723

URL

: https://www.renesas.com

Representative

: Hidetoshi Shibata, President and CEO

Contact person

: Fujiko Yamaguchi, Vice President, IR Office

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

Filing date of Shihanki Hokokusho (scheduled)

: May 10, 2023


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