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TMCNet:  Renesas Electronics Reports Financial Results for the First Quarter Ended June 30, 2014

[August 07, 2014]

Renesas Electronics Reports Financial Results for the First Quarter Ended June 30, 2014

(ENP Newswire Via Acquire Media NewsEdge) ENP Newswire - 07 August 2014 Release date- 06082014 - Tokyo, Japan - Renesas Electronics Corporation (TSE:6723) today announced consolidated financial results for the three months ended June 30, 2014.


Summary of Consolidated Financial Results Three months ended June 30, 2014 Net sales Sales from semiconductors Sales from others Operating income (loss) Ordinary income (loss) Net income (loss) Billion Yen % of Net Sales 209.3 100.0 201.2 8.1 27.0 12.9 25.3 12.1 21.2 10.1 Capital expenditures Depreciation and others R&D expenses 8.2 16.4 24.0 Exchange rate (USD) Exchange rate (Euro) 102 141 As of June 30, 2014 Total assets Net assets Equity Equity ratio (%) Interest-bearing debt Billion Yen 796.9 223.5 209.6 26.3 270.1 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. 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 premier supplier of advanced semiconductor solutions including microcontrollers, SoC solutions and a broad range of analog and power devices. Business operations began as Renesas Electronics 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 has subsidiaries in approximately 20 countries worldwide. More information can be found at www.renesas.com.

The content in the press release, including, but not limited to, product prices and specifications, is based on the information as of the date indicated on the document, but may be subject to change without prior notice.

(c) 2014 Electronic News Publishing -

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