Renesas Electronics Reports Financial Results for the Third Quarter Ended December 31, 2015

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 (hereafter “the Company”) and its consolidated subsidiaries (hereafter “the Group”) 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.
The Group will hold a quarterly earnings conference for institutional investors and analysts on February 9, 2016. The Group plans to post the materials which are provided at the meeting, on the Group’s website on that day.
 

(Notes on Assumption for Going Concern)

None

(Notes on Significant Changes in the Amount of Shareholders’ Equity)

In accordance with a resolution at the 13th ordinary general meeting of shareholders held on June 24, 2015, the Company has reduced 218,255 million yen of common stock and 163,789 million yen of capital legal reserve respectively, and transferred the amounts to the other capital surplus on September 30th, 2015. The Company has covered its deficiency by transferring 551,749 million yen from other capital surplus to retained earnings brought forward following the reductions of common stock and capital legal reserve on September 30th, 2015.

Forward-Looking Statements

The statements in this press release with respect to the plans, strategies and financial outlook of Renesas Electronics Corporation 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), the world’s number one supplier of microcontrollers, is a premiere supplier of advanced semiconductor solutions including microcontrollers, SoC solutions and a broad-range of analog and power devices. Business operations began as Renesas Electronics Corporation in April 2010 through the integration of NEC Electronics Corporation (TSE:6723) and Renesas Technology Corp., with operations spanning research, development, design and manufacturing for a wide range of applications. Headquartered in Japan, Renesas Electronics Corporation has subsidiaries in approximately 20 countries worldwide. More information can be found at www.renesas.com.



Contact:

Renesas Electronics Corporation
Kyoko Okamoto, +81 3-6773-3001 (Media)
Email Contact
Makie Uehara, +81 3-6773-3002 (Investors)
Email Contact



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