TOKYO — (BUSINESS WIRE) — July 27, 2017 — Renesas Electronics Corporation (TSE: 6723), a premier supplier of advanced semiconductor solutions, today announced the consolidated financial forecasts for the nine months ending September 30, 2017.
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1. Consolidated forecasts for the nine months ending September 30, 2017 |
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(January 1, 2017 to September 30, 2017) |
In millions of yen |
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Net Sales |
Operating
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Ordinary
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Net Income
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Net
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--- | --- | --- | --- | --- | |||||||||||||||
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Forecasts as of
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571,000 | 65,000 | 63,000 | 63,000 | 37.79 | |||||||||||||||
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Increase (decrease) |
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Percent change |
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Reference:
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472,396 | 48,838 | 40,077 | 29,686 | 17.81 | |||||||||||||||
The figures of the consolidated forecasts for the nine months ending September 30, 2017 above are sum of the results of the six-month period ended June 30, 2017 and the forecasts of the three months ending September 30, 2017.
The consolidated forecasts for the nine months ending September 30, 2017 are calculated at the rate of 112 yen per USD and 123 yen per Euro.
The allocation of the acquisition costs for Intersil, which Renesas acquired in February 2017, has not been completed at the end of the second quarter ended June 30, 2017. The foregoing consolidated forecasts have been provisionally calculated based on the available information. Consolidated results for the nine months ending September 30, 2017 are subject to change as a result of the completion of the allocation of the acquisition costs for Intersil.
The statements with respect to the financial outlook of the Group are forward-looking statements involving risks and uncertainties. The Company cautions you in advance that actual results may vary materially from such forward-looking statements due to several important factors.
Refer to Renesas Electronics' earnings report “Renesas Electronics Reports Financial Results for the Second Quarter Ended June 30, 2017” issued on July 28, 2017 for more details.
About Renesas Electronics Corporation
Renesas Electronics Corporation ( TSE: 6723) delivers trusted embedded design innovation with complete semiconductor solutions that enable billions of connected, intelligent devices to enhance the way people work and live—securely and safely. The number one global supplier of microcontrollers, and a leader in Analog & Power and SoC products, Renesas provides the expertise, quality, and comprehensive solutions for a broad range of Automotive, Industrial, Home Electronics (HE), Office Automation (OA) and Information Communication Technology (ICT) applications to help shape a limitless future. Learn more at renesas.com.
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