Renesas Electronics Reports Financial Results for the Year Ended March 31, 2013

Renesas Electronics Reports Financial Results for the Year Ended March 31, 2013

TOKYO--(BUSINESS WIRE)-- Renesas Electronics Corporation (TSE:6723) today announced consolidated financial results for the year ended March 31, 2013.

Summary of Consolidated Financial Results

  Year ended
    March 31, 2013
Billion Yen   % of Net Sales
Net sales 785.8 100.0
Sales from semiconductors 724.7
Sales from others 61.1
Operating income (loss) (23.2) (3.0)
Ordinary income (loss) (26.9) (3.4)
Net income (loss)   (167.6)   (21.3)
Capital expenditures 12.3
Depreciation and others 102.8
R&D expenses   137.1    
Yen
Exchange rate (USD) 82
Exchange rate (Euro)   106    
 
    As of March 31, 2013
Billion Yen
Total assets 669.1
Net assets 77.9
Equity 66.7
Equity ratio (%) 10.0
Interest-bearing debt   306.4    
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 expenses and amortization of long-term prepaid expenses in quarterly consolidated statements of cash flows.

Consolidated Financial Results for the Year Ended March 31, 2013

English translation from the original Japanese-language document
 

May 9, 2013

 

Company name

 

: Renesas Electronics Corporation

Stock exchanges on which the shares are listed

: Tokyo Stock Exchange, First Section

Code number

: 6723

URL

: http://www.renesas.com

Representative

: Tetsuya Tsurumaru, President

Contact person

: Taizo Endo, Executive Manager

 

Corporate Communications Dept

 

Tel. +81 (0)3-6756-5552

Date of the ordinary general shareholders' meeting (scheduled)

: June 26, 2013

Filing date of Yukashoken Hokokusho (scheduled)

: June 26, 2013

 

 

(Amounts are rounded to the nearest million yen)


1. Consolidated financial results for year ended March 31, 2013

1.1 Consolidated financial results (% of change from corresponding period of the previous year)

    Net sales   Operating income (loss)   Ordinary income (loss)   Net income (loss)
  Million yen   %   Million yen   %   Million yen   %   Million yen   %
 
Year ended March 31, 2013 785,764 (11.0) (23,217) --- (26,862) --- (167,581) ---
 
Year ended March 31, 2012   883,112   (22.4)   (56,750)   ---   (61,228)   ---   (62,600)   ---
Reference:  

Comprehensive income for the year ended March 31, 2013: (148,542) million yen

 

Comprehensive income for the year ended March 31, 2012: (64,516) million yen

 
    Net income (loss) per share basic   Net income (loss) per share diluted   Net income (loss) ratio per equity   Ordinary income (loss) ratio per total assets   Operating income (loss) ratio per sales
  Yen   Yen   %   %   %
 
Year ended March 31, 2013 (401.76) --- (117.7) (3.5) (3.0)
 
Year ended March 31, 2012   (150.08)   ---   (25.0)   (6.1)   (6.4)

Reference:

  Equity in net income of affiliates of the year ended March 31, 2013: 40 million yen

 

Equity in net income of affiliates of the year ended March 31, 2012: 65 million yen

 

1.2 Consolidated financial position

    Total assets   Net assets   Equity ratio   Net assets per share
  Million yen   Million yen   %   Yen
March 31, 2013 669,104 77,924 10.0 160.01
 
March 31, 2012   858,204   226,500   25.4   522.53
Reference:  

Equity as of March 31, 2013:

 

66,744 million yen

 

Equity as of March 31, 2012:

217,958 million yen

Note: Equity is equal to "Net assets" excluding "Share subscription rights" and "Minority interests"

1.3 Consolidated cash flows

    Cash flows from

operating activities

  Cash flows from

investing activities

  Cash flows from

financing activities

  Cash and cash

equivalents at the

end of the year

  Million yen   Million yen   Million yen   Million yen
Year ended March 31, 2013 (54,101) (43,160) 36,849 77,731
 
Year ended March 31, 2012   (9,696)   (55,089)   (138,352)   131,946
 

2. Cash dividends

    Cash dividends per share   Total dividends during the year   Dividends payout ratio
(consolidated)
  Dividends ratio per net assets
(consolidated)
    At the end of first quarter   At the end of second quarter   At the end of third quarter  

At the end of year

  Total      
  Yen   Yen   Yen   Yen   Yen
Year ended
March 31, 2013
--- 0.00 --- 0.00 0.00 --- --- ---
Year ended March 31, 2012   ---   0.00   ---   0.00   0.00   ---   ---   ---
Year ending March 31, 2014

(forecast)

  ---   ---   ---   ---   ---       ---    

Note: Cash dividends of the year ending March 31, 2014 have not been decided.

3. Forecast of consolidated results for the year ending March 31, 2014

Renesas Electronics does not present the consolidated forecast for the year ending March 31, 2014 at this point. For more details, please refer to page 4 of the attached material.

4. Others

4.1 Changes in significant subsidiaries for the year ended March 31, 2013

(Changes in specified subsidiaries resulting in changes in scope of consolidation): No

4.2 Changes in Accounting Policies, Changes in Accounting Estimates and Corrections of Prior Period Errors

1. Changes in accounting policies with revision of accounting standard: No

2. Changes in accounting policies except for "Changes in Accounting Policies": No

3. Changes in accounting estimates: No

4. Corrections of prior period errors: No

4.3 Number of shares issued and outstanding (common stock)

1. Number of shares issued and outstanding (including treasury stock)

As of March 31, 2013: 417,124,490 shares

As of March 31, 2012: 417,124,490 shares

2. Number of treasury stock

As of March 31, 2013: 2,548 shares

As of March 31, 2012: 2,548 shares

3. Average number of shares issued and outstanding

For the year ended March 31, 2013: 417,121,942 shares

For the year ended March 31, 2012: 417,121,942 shares

(Reference) Non-consolidated results for the year ended March 31, 2013

Non-consolidated financial results

(% of change from corresponding period of the previous year)

    Net sales   Operating income (loss)   Ordinary income (loss)   Net income (loss)
  Million yen   %   Million yen   %   Million yen   %   Million yen   %
 
Year ended March 31, 2013 676,275 (7.9) (61,050) -- (30,781) -- (189,002) --
 
Year ended March 31, 2012   733,890   (22.4)   (79,678)   --   (56,186)   --   (46,337)   --
 
    Net income (loss) per share: basic   Net income (loss) per share: diluted
  Yen   Yen
 
Year ended March 31, 2013 (453.11) --
 
Year ended March 31, 2012   (111.09)   --
 

Non-consolidated financial position

    Total assets   Net assets   Equity ratio   Net assets per share
  Million yen   Million yen   %   Yen
March 31, 2013 667,145 19,880 3.0 47.66
 
March 31, 2012   777,964   208,994   26.9   500.98
Reference:   Equity at the end of the year ended March 31, 2013: 19,880 million yen

 

Equity at the end of the year ended March 31, 2012: 208,968 million yen

 

(Note) Information regarding the implementation of audit procedures

These financial statements are under the audit procedures based upon the Financial Instruments and Exchange Act at the time of issuance of this report.

Cautionary Statement

The statements with respect to the financial outlook of Renesas Electronics Corporation and its consolidated subsidiaries 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.

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 20 countries worldwide. More information can be found at www.renesas.com.



Renesas Electronics Corporation
Media Contacts
Shino Inokuma, +81 3-6756-5555
pr@renesas.com
Investor Contacts
Ai Kanehira, +81 3-6756-5552
ir@renesas.com

KEYWORDS:   Asia Pacific  Japan

INDUSTRY KEYWORDS:

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