Renesas Electronics Corporation (TSE: 6723), a premier supplier
of advanced semiconductor solutions, today announced the
consolidated financial forecasts for the six months ending June 30,
2018 and forecasts of cash dividends.
1. Consolidated forecasts for
the six months ending June 30, 2018
(January 1, 2018 to June 30,
2018)
In millions of yen
Net Sales
OperatingIncome
OrdinaryIncome
Net IncomeAttributable
toShareholdersof ParentCompany
NetIncomeper
Share(Yen)
Original forecasts --- --- --- ---
--- Forecasts as of May 11, 2018 382,000
35,000 32,000 34,000 20.39 Increase (decrease)
--- --- --- --- --- Percent
change --- --- --- --- ---
Reference:
Corresponding period of the previous
year(January 1, 2017 to June 30, 2017)
374,553 31,560 30,456 36,281
21.76
The figures of the consolidated forecasts for the six months
ending June 30, 2018 are sum of the results of the three months
ended March 31, 2018 and the forecasts of the three months ending
June 30, 2018.
The consolidated forecasts for the six months ending June 30,
2018 are calculated at the rate of 107 yen per USD and 131 yen per
Euro.
2. Forecasts of cash dividends
for the fiscal year ending December 31, 2018
Dividends per share
At the endof firstquarter
At the endof secondquarter
At the endof thirdquarter
At the endof year
Total Previous forecasts - - - -
-
Forecasts as of May 11, 2018
0.00 - - - Results for
the year ending December 31, 2018
-
Results for the year ended December 31,
2017
- 0.00 - 0.00 0.00
For the year ending December 31, 2018, while the Group expects
to post net income (net income attributable to shareholders of
parent company) for the six months ending June 30, 2018, the Group
regrettably will forego interim dividend payment for this
period.
The Group will divert its retained earnings for strategic
investment opportunities that will enable the Group to respond to
rapid environmental changes to thrive in the global marketplace,
and will aim to increase shareholder profit by improving corporate
value. Based on a long-term standpoint, the Group aims to realize
stable and sustained growth in profits to allow dividends to be
reinstated.
For the year ending December 31, 2018, the plan for year-end
dividend payments remain undecided, and the Group will immediately
announce it when the decisions are made.
Refer to Renesas Electronics' press release “Renesas Electronics
Reports Financial Results for the First Quarter Ended March 31,
2018” issued on May 11, 2018 for more details.
Forward-Looking Statements
The statements in this press release with respect to the plans,
strategies and financial outlook of Renesas Electronics and its
consolidated subsidiaries (collectively “we”) 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 several important factors
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.
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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version on businesswire.com: https://www.businesswire.com/news/home/20180510006439/en/
Media ContactsRenesas Electronics CorporationKyoko
Okamoto, +81 3-6773-3001pr@renesas.comorInvestor
ContactsRenesas Electronics CorporationMakie Uehara, +81
3-6773-3002ir@renesas.com