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)
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Three months ended
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Six months ended
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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 |
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Depreciation and amortization |
45.4 |
|
90.4 |
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R&D expenses (Note 3) |
58.2 |
|
111.8 |
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Yen |
|
Yen |
|
Exchange rate (USD) |
135 |
|
134 |
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Exchange rate (EUR) |
146 |
|
144 |
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As of June 30, 2023 |
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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. |
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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. |
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Note 3: |
R&D expenses include capitalized R&D expenses recorded as intangible assets. |
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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 |
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Consolidated Financial Results for the Second Quarter Ended June 30, 2023 |
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English translation from the original Japanese-language document |
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July 27, 2023 |
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Company name |
: Renesas Electronics Corporation |
Stock exchanges on which the shares are listed |
: Tokyo Stock Exchange, Prime Market |
Code number |
: 6723 |
URL |
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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 |