Renesas Electronics Corporation (TSE: 6723), a premier supplier
of advanced semiconductor solutions, today announced the difference
between its consolidated financial forecasts, which it disclosed on
February 9, 2018, and the actual results, which it disclosed today,
for the three months ended March 31, 2018 (the period from January
1, 2018 to March 31, 2018).
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1. Difference between consolidated forecasts and actual
results for the three months ended March 31, 2018
(January 1, 2018 to March 31,
2018)
In millions of yen
Net Sales
OperatingIncome
OrdinaryIncome
Net IncomeAttributable
toShareholdersof ParentCompany
Net Incomeper
Share(Yen)
Previous forecasts (As of February 9, 2018) 182,000
10,000 9,000 16,000
9.60 Actual results 185,912
20,598 18,687 23,337
14.00 Increase (decrease) 3,912
10,598 9,687 7,337 4.40
Percent change 2.1% 106.0%
107.6% 45.9% 45.8%
Reference:Results for the three months
ended March 31, 2017
177,231 22,123 21,161
17,164 10.30
2. Background to the difference
Renesas announced the following financial results for the three
months ended March 31, 2018: net sales were 185.9 billion yen, 3.9
billion yen up from the previous forecast (announced on February 9,
2018); semiconductor sales were 182 billion yen, 3.3 billion yen up
from the previous forecast; operating income, ordinary income and
net income attributable to shareholders of parent company were all
better than the company's estimates, mainly owing to production
increase and cost-containment efforts, in addition to the
better-than-expected sales.
Details that explain Renesas' announcement of financial results
for the three months ended March 31, 2018 are disclosed in the
Renesas press release: ‘‘Renesas Electronics Reports Financial
Results for the First Quarter Ended March 31, 2018’’ issued on May
11, 2018.
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. A global leader
in microcontrollers, analog, power and SoC products and integrated
platforms, Renesas provides the expertise, quality, and
comprehensive solutions for a broad range of Automotive,
Industrial, Home Electronics, Office Automation and Information
Communication Technology applications to help shape a limitless
future. Learn more at renesas.com.
(FORWARD-LOOKING STATEMENTS)
The statements in this press release with respect to the plans,
strategies and financial outlook of Renesas and its consolidated
subsidiaries (collectively “we”) are forward-looking statements
involving risks and uncertainties. Such forward-looking statements
do not represent any guarantee by management of future performance.
In many cases, but not all, we use such words as “aim,”
“anticipate,” “believe,” “continue,” “endeavor,” “estimate,”
“expect,” “initiative,” “intend,” “may,” “plan,” “potential,”
“probability,” “project,” “risk,” “seek,” “should,” “strive,”
“target,” “will” and similar expressions to identify
forward-looking statements. You can also identify forward-looking
statements by discussions of strategy, plans or intentions. These
statements discuss future expectations, identify strategies,
contain projections of our results of operations or financial
condition, or state other forward-looking information based on our
current expectations, assumptions, estimates and projections about
our business and industry, our future business strategies and the
environment in which we will operate in the future. Known and
unknown risks, uncertainties and other factors could cause our
actual results, performance or achievements to differ materially
from those contained or implied in any forward-looking statement,
including, but not limited to, general economic conditions in our
markets, which are primarily Japan, North America, Asia, and
Europe; demand for, and competitive pricing pressure on, products
and services in the marketplace; ability to continue to win
acceptance of products and services in these highly competitive
markets; and fluctuations in currency exchange rates, particularly
between the yen and the U.S. dollar. Among other factors, downturn
of the world economy; deteriorating financial conditions in world
markets, or deterioration in domestic and overseas stock markets,
may cause actual results to differ from the projected results
forecast.
This press release is based on the economic, regulatory, market
and other conditions as in effect on the date hereof. It should be
understood that subsequent developments may affect the information
contained in this presentation, which neither we nor our advisors
or representatives are under an obligation to update, revise or
affirm.
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Renesas Electronics CorporationMedia ContactsKyoko
Okamoto, +81 3-6773-3001pr@renesas.comorInvestor
ContactsMakie Uehara, +81 3-6773-3002ir@renesas.com