TOKYO — (BUSINESS WIRE) — August 5, 2014 — Renesas Electronics Corporation (TSE:6723) today announced consolidated financial results for the three months ended June 30, 2014.

Summary of Consolidated Financial Results

		Three months ended June 30, 2014
		Billion Yen		% of Net Sales
Net sales		209.3		100.0
Sales from semiconductors		201.2
Sales from others		8.1
Operating income (loss)		27.0		12.9
Ordinary income (loss)		25.3		12.1
Net income (loss)		21.2		10.1
Capital expenditures		8.2
Depreciation and others		16.4
R&D expenses		24.0
Exchange rate (USD)		102
Exchange rate (Euro)		141
		As of June 30, 2014
		Billion Yen
Total assets		796.9
Net assets		223.5
Equity		209.6
Equity ratio (%)		26.3
Interest-bearing debt		270.1

Note 1:		All figures are rounded to the nearest 100 million yen.
Note 2:		Capital expenditures refer to the amount of order placed for property, plant and equipment (manufacturing equipment).
Note 3:		Depreciation and others includes depreciation and amortization of intangible assets and amortization of long-term prepaid expenses in quarterly consolidated statements of cash flows.

Consolidated Financial Results for the First Quarter Ended June 30, 2014
English translation from the original Japanese-language document
August 6, 2014
Company name		: Renesas Electronics Corporation
Stock exchanges on which the shares are listed		: Tokyo Stock Exchange, First Section
Code number		: 6723
URL		: http://www.renesas.com
Representative		: Hisao Sakuta, Representative Director,
		Chairman and CEO
Contact person		: Taizo Endo, Executive Manager
		Corporate Communications Dept
		Tel. +81 (0)3-6756-5552
Filing date of Shihanki Hokokusho (scheduled)		: August 6, 2014
		(Amounts are rounded to the nearest million yen)

1. Consolidated financial results for the three months ended June 30, 2014

1.1 Consolidated financial results		(% of change from corresponding period of the previous year)
		Net sales				Operating income (loss)				Ordinary income (loss)				Net income (loss)
		Million yen		%		Million yen		%		Million yen		%		Million yen		%
Three months ended June 30, 2014		209,259		5.1		26,984		175.9		25,343		196.8		21,199		---
Three months ended June 30, 2013		199,057		6.7		9,779		---		8,538		---		(3,990)		---

Reference:		Comprehensive income for the three months ended June 30, 2014:		21,301 million yen (810.3%)
		Comprehensive income for the three months ended June 30, 2013:		2,340 million yen (---%)

		Net income (loss) per share basic		Net income (loss) per share diluted
		Yen		Yen
Three months ended June 30, 2014		12.72		---
Three months ended June 30, 2013		(9.57)		---

1.2 Consolidated financial position
		Total assets		Net assets		Equity ratio
		Million yen		Million yen		%
June 30, 2014		796,896		223,532		26.3
March 31, 2014		786,002		227,314		27.3

Reference:	Equity as of June 30, 2014:		209,603 million yen
	Equity as of March 31, 2014:		214,601 million yen
Note: Equity is equal to “Net assets” excluding “Share subscription rights” and “Minority interests”

2. Cash dividends

		Cash dividends per share
		At the end of first quarter		At the end of second quarter		At the end of third quarter		At the end of year		Total
		Yen		Yen		Yen		Yen		Yen
Year ended March 31, 2014		---		0.00		---		0.00		0.00
Year ending March 31, 2015		---
Year ending March 31, 2015 (forecast)				0.00		---		---		---

Note:		Change in forecast of cash dividends since the most recently announced forecast: Yes
		For details, please refer to Appendix 1.4., “Forecasts of Cash Dividends” on page 5.

3. Forecast of consolidated results for the six months ending September 30, 2014

						(% of change from corresponding period of the previous year)
		Net sales				Operating income (loss)				Ordinary income (loss)				Net income (loss)				Net income (loss) per share
		Million yen		%		Million yen		%		Million yen		%		Million yen		%		yen
Six months ending September 30, 2014		413,000		(0.9)		46,000		122.4		41,000		194.8		28,000		--		16.80

Note:		Change in forecast of consolidated results since the most recently announced forecast: Yes
		For details, please refer to Appendix 1.3., “Consolidated Forecasts” on page 5.

4. Others

4.1 Changes in significant subsidiaries for the three months ended June 30, 2014

(Changes in specified subsidiaries resulting in changes in scope of consolidation): No

4.2 Adoption of special accounting policies for quarterly financial statements: Yes

(Note) For details, please refer to page 6.

4.3 Changes in Accounting Policies, Changes in Accounting Estimates and Corrections of Prior Period Errors

1. Changes in accounting policies with revision of accounting standard: Yes

(Note) For details, please refer to page 6.

2. Changes in accounting policies except for 4.3.1: No

3. Changes in accounting estimates: No

4. Corrections of prior period errors: No

4.4 Number of shares issued and outstanding (common stock)

1. Number of shares issued and outstanding (including treasury stock)

As of June 30, 2014: 1,667,124,490 shares

As of March 31, 2014: 1,667,124,490 shares

2. Number of treasury stock

As of June 30, 2014: 2,548 shares

As of March 31, 2014: 2,548 shares

3. Average number of shares issued and outstanding

For the three months ended June 30, 2014: 1,667,121,942 shares

For the three months ended June 30, 2013: 417,121,942 shares

(Note) Information regarding the implementation of quarterly review procedures

These quarterly financial results are not subject to quarterly review procedures based upon the Financial Instruments and Exchange Act. The review procedures for the quarterly financial report have been completed by the time of issuance of this report.

Cautionary Statement

The statements with respect to the financial outlook of Renesas Electronics Corporation (hereafter “the Company”) and its consolidated subsidiaries (hereafter “the Group”) are forward-looking statements involving risks and uncertainties. We caution you in advance that actual results may differ materially from such forward-looking statements due to changes in several important factors.

The Group will hold a quarterly earnings conference for institutional investors and analysts on August 6, 2014. The Group plans to post the materials which are provided at the meeting, on the Group’s website on that day.

About Renesas Electronics Corporation

Renesas Electronics Corporation (TSE: 6723), the world’s number one supplier of microcontrollers, is a premiere supplier of advanced semiconductor solutions including microcontrollers, SoC solutions and a broad-range of analog and power devices. Business operations began as Renesas Electronics Corporation in April 2010 through the integration of NEC Electronics Corporation (TSE:6723) and Renesas Technology Corp., with operations spanning research, development, design and manufacturing for a wide range of applications. Headquartered in Japan, Renesas Electronics Corporation has subsidiaries in approximately 20 countries worldwide. More information can be found at www.renesas.com.

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