TOKYO--(BUSINESS WIRE)--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, 2020 and forecasts of cash dividends.

Due to the uncertainty of impacts from the worldwide COVID-19 pandemic to Renesas’ business, it is difficult to make a reasonable calculation of the financial forecasts at this current time. For this reason, consolidated financial forecasts for the six months ending June 30, 2020 remain undetermined.

In addition, for the six months ending June 30, 2020, the Group will forego interim dividend payment for this period due to the aforementioned reason.

1. Forecasts of cash dividends for the fiscal year ending December 31, 2020

For the year ending December 31, 2020, the plan for year-end dividend payments remain undecided. The Group will make an announcement once the decisions are finalized.

Refer to Renesas Electronics' press release “Renesas Electronics Reports Financial Results for the First Quarter Ended March 31, 2020” issued on April 27, 2020 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. A global leader in microcontrollers, analog, power, and SoC products, Renesas provides comprehensive solutions for a broad range of automotive, industrial, infrastructure, and IoT applications that help shape a limitless future. Learn more at renesas.com. Follow us on LinkedIn, Facebook, Twitter, and YouTube.

Contacts

Media Contacts

Kyoko Okamoto

Renesas Electronics Corporation

+81 3-6773-3001

[email protected]

Investor Contacts

Yoichi Kobayashi

Renesas Electronics Corporation

+81 3-6773-3002

[email protected]