Renesas Electronics Reaches a Definitive Agreement to Transfer its Subsidiaries’ Back-End Facilities and Others to J-Devices

* After March 31, 2012, the splitting companies had 7 billion yen of fixed liability of which Renesas becomes the creditor. 7 billion of fixed liability has the equivalent effect as the future payment for the transferred company.

4. Status of the Splitting Companies and the Successor Company Following the Corporate Split

(1) Status of the Splitting Companies
There will be no changes to company names, major operations, capital and fiscal terms of the splitting companies (Renesas Northern Japan, SKS, Renesas Kyushu and Hokkai Electronics) following the corporate split. Representatives and locations of the companies are subject to change.

(2) Status of the Successor Company (Planned to be Established in April 2013)

Company Name*1 Renesas J Semiconductor Corporation
Location*1 2-6-2, Ote-machi, Chiyoda-ku, Tokyo 100-0004, Japan
Representative Akira Furuki, Representative Director and President
Major Operations Research, development, design, manufacture and sale of electronic products
Capital*2 301 million yen
Fiscal Term March 31
Net Asset Not fixed yet at the moment
Total Asset Not fixed yet at the moment
Note 1: The successor company’s name and location will be changed on the effective date of the transfer. (The name is scheduled to change to J-Devices Semiconductor Corporation.)
Note 2: The successor company’s capital will be increased by 300 million yen following the corporate split.

5. Financial Outlook

The splitting companies and the successor company in absorption-type split are wholly owned subsidiaries of Renesas, thereby there will be no impact to Renesas’ consolidated financial results.


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