TOKYO--(BUSINESS WIRE)--#earnings--Renesas Electronics Corporation (TSE:6723) today announced consolidated financial results in accordance with IFRS for the six months ended June 30, 2020.
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Summary of Consolidated Financial Results |
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Three months ended |
Six months ended |
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Billion Yen |
% of Revenue |
Billion Yen |
% of Revenue |
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Revenue |
166.7 |
100.0 |
345.4 |
100.0 |
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Operating profit |
17.3 |
10.4 |
30.6 |
8.8 |
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Profit attributable to owners of the parent |
11.9 |
7.2 |
23.2 |
6.7 |
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Capital expenditures (Note 2) |
3.9 |
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10.2 |
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Depreciation and others (Note 3) |
34.3 |
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73.2 |
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R&D expenses (Note 4) |
31.4 |
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65.1 |
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Yen |
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Yen |
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Exchange rate (USD) |
108 |
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109 |
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Exchange rate (EUR) |
118 |
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119 |
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As of June 30, 2020 |
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Billion Yen |
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Total assets |
1,634.5 |
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Total equity |
629.4 |
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Equity attributable to owners of the parent |
626.5 |
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Equity ratio attributable to owners of the parent (%) |
38.3 |
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Interest-bearing debt |
740.2 |
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Note 1: |
All figures are rounded to the nearest 100 million yen. |
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Note 2: |
Capital expenditures refer to the amount of capital for property, plant and equipment (manufacturing equipment) and intangible assets based on the amount of investment decisions made during the quarter ended June 30, 2020. From the quarter ended March 31, 2020, capital expenditures include Integrated Device Technology, Inc. (hereinafter “IDT”)’s investments as well as investments including fixed costs of masks and tools. |
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Note 3: |
Depreciation and others includes depreciation of fixed assets, amortization of intangible assets and amortization of long-term prepaid expenses in consolidated statements of cash flows. |
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Note 4: |
R&D expenses includes a partially capitalized R&D expenses recorded as intangible assets. |
RENESAS ELECTRONICS CORPORATION
Consolidated Financial Results for the Second Quarter Ended June 30, 2020
English translation from the original Japanese-language document
July 30, 2020
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Company name |
:Renesas Electronics Corporation |
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Stock exchanges on which the shares are listed |
:Tokyo Stock Exchange, First Section |
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Code number |
:6723 |
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URL |
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Representative |
:Hidetoshi Shibata, Representative Director, President and CEO |
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Contact person |
:Yoichi Kobayashi, Senior Director Corporate Communications Dept. Tel. +81 (0)3-6773-3002 |
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Filing date of Shihanki Hokokusho (scheduled) |
:August 5, 2020 |
(Amounts are rounded to the nearest million yen)
1. Consolidated financial results for the six months ended June 30, 2020
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1.1 Consolidated financial results |
(% of change from corresponding period of the previous year) |
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Revenue |
Operating profit |
Profit before tax
from continuing |
Profit |
Profit |
Total |
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Million yen |
% |
Million yen |
%
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Million yen |
%
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Million yen |
%
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Million yen |
%
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Million yen |
% |
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Six months ended June 30, 2020 |
345,415 |
0.7 |
30,569 |
--- |
29,769 |
--- |
23,260 |
--- |
23,212 |
--- |
(720) |
--- |
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Six months ended June 30, 2019 |
342,884 |
(11.8) |
(12,226) |
--- |
(13,491) |
--- |
(11,023) |
--- |
(11,001) |
--- |
(46,389) |
--- |
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Basic |
Diluted |
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Yen |
Yen |
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Six months ended |
13.55 |
13.32 |
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Six months ended |
(6.54) |
(6.54) |
1.2 Consolidated financial position
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Total assets |
Total equity |
Equity attributable |
Ratio of equity |
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Million yen |
Million yen |
Million yen |
% |
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June 30, 2020 |
1,634,504 |
629,374 |
626,511 |
38.3 |
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December 31, 2019 |
1,668,148 |
624,404 |
621,455 |
37.3 |
2. Cash dividends
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Cash dividends per share |
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At the end |
At the end |
At the end |
At the |
Total |
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Yen |
Yen |
Yen |
Yen |
Yen |
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Year ended |
--- |
0.00 |
--- |
0.00 |
0.00 |
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Year ending |
--- |
0.00 |
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Year ending |
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--- |
--- |
--- |
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Note: Change in forecast of cash dividends since the most recently announced forecast: No |
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3. Forecast of consolidated results for the nine months ending September 30, 2020
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Non-GAAP |
Non-GAAP |
Non-GAAP |
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Million yen |
% |
% |
%pts |
% |
%pts |
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Nine months ending |
508,415 to 516,415 |
(3.4) to (1.9) |
46.8 |
4.7 |
17.2 |
5.6 |
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Note 1: |
The Group reports its consolidated forecast on a quarterly basis (cumulative quarters) as substitute for a yearly forecast in a range format. For details, please refer to Appendix 1.3. “Consolidated Forecasts” page 6. |
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Note 2: |
Non-GAAP figures are calculated by removing or adjusting non-recurring items and other adjustments from GAAP figures following a certain set of rules. The Group believes non-GAAP measures provide useful information in understanding and evaluating the Group’s constant business results, and therefore forecasts are provided as a non-GAAP basis. |
4. Others
| 4.1 Changes in significant subsidiaries for the six months ended June 30, 2020: Yes | |
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(Changes in specified subsidiaries resulting in changes in scope of consolidation) |
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(Note) For details, please refer to page 16 |
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4.2 Changes in Accounting Policies, Changes in Accounting Estimates and Corrections of Prior Period Errors |
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1. Changes in accounting policies with revision of accounting standard: No |
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2. Changes in accounting policies except for 4.2.1: Yes |
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3. Changes in accounting estimates: No |
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4.3 Number of shares issued and outstanding (common stock) |
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1. Number of shares issued and outstanding (including treasury stock) |
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As of June 30, 2020: |
1,719,396,690 shares |
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As of December 31, 2019: |
1,710,276,790 shares |
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2. Number of treasury stock |
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As of June 30, 2020: |
2,581 shares |
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As of December 31, 2019: |
2,581 shares |
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3. Average number of shares issued and outstanding |
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Six months ended June 30, 2020: |
1,713,078,576 shares |
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Six months ended June 30, 2019: |
1,681,578,376 shares |
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(Note) Information regarding the implementation of audit procedures |
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These financial results are not subject to audit review procedures. |
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Cautionary Statement |
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The Group will hold a quarterly earnings conference for institutional investors and analysts on July 30, 2020. The Group plans to post the materials which are provided at the meeting, on the Group’s website on that day. |
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The statements with respect to the financial outlook of Renesas Electronics Corporation (hereinafter “the Company”) and its consolidated subsidiaries (hereinafter “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. |
Contacts
Media Contacts
Kyoko Okamoto
Renesas Electronics Corporation
+81 3-6773-3001
[email protected]
Investor Contacts
Shigeo Muto
Renesas Electronics Corporation
+81 3-6773-3002
[email protected]
