Renesas Reports Financial Results for the Third Quarter Ended September 30, 2023

TOKYO — (BUSINESS WIRE) — October 25, 2023 — Renesas Electronics Corporation (TSE:6723) today announced consolidated financial results in accordance with IFRS for the nine months ended September 30, 2023.

Summary of Consolidated Financial Results (Note 1)

 

Three months ended
September 30, 2023

Nine months ended
September 30, 2023

 

Billion Yen

% of Revenue

Billion Yen

% of Revenue

Revenue

379.4

100.0

1,107.5

100.0

Operating profit

98.0

25.8

318.5

28.8

Profit attributable to owners of parent

75.3

19.9

271.1

24.5

Capital expenditures (Note 2)

21.3

 

63.2

 

Depreciation and amortization

46.9

 

137.3

 

R&D expenses (Note 3)

61.2

 

173.1

 

 

Yen

 

Yen

 

Exchange rate (USD)

142

 

137

 

Exchange rate (EUR)

156

 

148

 

 

As of September 30, 2023

 

Billion Yen

Total assets

3,291.2

Total equity

2,056.4

Equity attributable to owners of parent

2,052.1

Equity ratio attributable to owners of parent (%)

62.4

Interest-bearing liabilities

710.3

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, 2023. However, the investments from Dialog Semiconductor Limited (hereinafter “Dialog”) and Celeno Communications Inc. (hereinafter “Celeno”) are listed as an input basis. It should be noted that as of September 29, 2023, Celeno changed its company name from Celeno Communications Inc. to Renesas Semiconductor Design US Inc.

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

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