Renesas Reports Financial Results for the Second Quarter Ended June 30, 2023

TOKYO — (BUSINESS WIRE) — July 26, 2023 — Renesas Electronics Corporation (TSE:6723) today announced consolidated financial results in accordance with IFRS for the six months ended June 30, 2023.

Summary of Consolidated Financial Results (Note 1)

 

Three months ended
June 30, 2023

Six months ended
June 30, 2023

 

Billion Yen

% of Revenue

Billion Yen

% of Revenue

Revenue

368.7

100.0

728.1

100.0

Operating profit

97.3

26.4

220.5

30.3

Profit attributable to owners of parent

90.6

24.6

195.8

26.9

Capital expenditures (Note 2)

13.9

 

41.9

 

Depreciation and amortization

45.4

 

90.4

 

R&D expenses (Note 3)

58.2

 

111.8

 

 

Yen

 

Yen

 

Exchange rate (USD)

135

 

134

 

Exchange rate (EUR)

146

 

144

 

 

As of June 30, 2023

 

Billion Yen

Total assets

3,122.4

Total equity

1,895.6

Equity attributable to owners of parent

1,891.5

Equity ratio attributable to owners of parent (%)

60.6

Interest-bearing liabilities

733.7

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, 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 at the end of three months ended March 31, 2023. 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 Second Quarter Ended June 30, 2023

English translation from the original Japanese-language document

 

July 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)

: August 3, 2023


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