Renesas Electronics Reports Financial Results for the First Quarter Ended June 30, 2013

Renesas Electronics Reports Financial Results for the First Quarter Ended June 30, 2013

TOKYO--(BUSINESS WIRE)-- Renesas Electronics Corporation (TSE:6723) today announced consolidated financial results for the three months ended June 30, 2013.

 

Summary of Consolidated Financial Results

 
  Three months ended June 30, 2013
 Billion Yen % of Net Sales
Net sales199.1100.0
Sales from semiconductors189.6
Sales from others9.5
Operating income (loss)9.84.9
Ordinary income (loss)8.54.3
Net income (loss) (4.0) (2.0)
Capital expenditures1.7
Depreciation and others19.2
R&D expenses 32.6   
 
Exchange rate (USD)98
Exchange rate (Euro) 127   
   
  As of June 30, 2013

Billion Yen

Total assets668.4
Net assets80.3
Equity67.9
Equity ratio (%)10.2
Interest-bearing debt 299.4   
 
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, 2013
English translation from the original Japanese-language document


August 2, 2013

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 2, 2013

 
(Amounts are rounded to the nearest million yen)
 

1.Consolidated financial results for the three months ended June 30, 2013

 

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, 2013

199,057

6.7

9,779

---

8,538

---

(3,990

)

---

Three months ended June 30, 2012

 

186,612

 

(10.0

)

 

(17,603

)

 

---

 

(17,609

)

 

---

 

(20,757

)

 

---

Reference: 

Comprehensive income for the three months ended June 30, 2013:

 

2,340 million yen

Comprehensive income for the three months ended June 30, 2012:

(26,234) million yen

 
  

Net income (loss)
per share basic

 

Net income (loss)
per share diluted

 Yen Yen

Three months ended June 30, 2013

(9.57)

---

Three months ended June 30, 2012

 

(49.76)

 

---

 

1.2Consolidated financial position

  Total assets Net assets Equity ratio
 Million yen Million yen %

June 30, 2013

668,375

80,255

10.2

March 31, 2013

 

669,104

 

77,924

 

10.0

Reference: Equity as of June 30, 2013: 67,883 million yen
Equity as of March 31, 2013:66,744 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, 2013---0.00---0.000.00
Year ending March 31, 2014 ---        

Year ending March 31, 2014 (forecast)

   0.00 --- --- ---
Note: Change in forecast of cash dividends since the most recently announced forecast: Yes
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, 2013

  

(% 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, 2013

 408,000 (0.3) 14,000 -- 8,500 -- (40,000) -- (95.90)
Note: Change in forecast of consolidated results since the most recently announced forecast: Yes
Please refer to Appendix 1.3., "Consolidated Forecasts" on page 5.
 

4.

 

Others

4.1Changes in significant subsidiaries for the three months ended June 30, 2013
(Changes in specified subsidiaries resulting in changes in scope of consolidation): No
 
4.2Adoption 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: No
2. Changes in accounting policies except for 4.3.1: No
3. Changes in accounting estimates: No
4. Corrections of prior period errors: No
 
4.4Number of shares issued and outstanding (common stock)

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

As of June 30, 2013:417,124,490 shares
As of March 31, 2013:417,124,490 shares
 
2. Number of treasury stock
As of June 30, 2013:2,548 shares
As of March 31, 2013:2,548 shares
 
3. Average number of shares issued and outstanding

For the three months ended June 30, 2013:

417,121,942 shares

For the three months ended June 30, 2012:

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 and its consolidated subsidiaries 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.



Renesas Electronics Corporation
Media Contact:
Shino Inokuma, +81 3-6756-5555
pr@renesas.com
Investor Contact:
Ai Kanehira, +81 3-6756-5573
ir@renesas.com

KEYWORDS:   Asia Pacific  Japan

INDUSTRY KEYWORDS:

The article Renesas Electronics Reports Financial Results for the First Quarter Ended June 30, 2013 originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Can't get enough business news?

Sign up for Finance Report by AOL and get everything from retailer news to the latest IPOs delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.