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Renesas Electronics Reports Financial Results for the Third Quarter Ended December 31, 2012

Renesas Electronics Corporation (TSE:6723) today announced consolidated financial results for the three months and nine months ended December 31, 2012.

Summary of Consolidated Financial Results


Three months ended
December 31, 2012


Nine months ended
December 31, 2012

  Billion Yen   % of Net Sales   Billion Yen   % of Net Sales
Net sales 191.0 100.0 600.4 100.0
Sales from semiconductors 177.2 550.7
Sales from others 13.8 49.7
Operating income (loss) (7.9) (4.2) (31.2) (5.2)
Ordinary income (loss) (11.1) (5.8) (35.5) (5.9)
Net income (loss)   (46.6)   (24.4)   (161.7)   (26.9)
Capital expenditures 2.8 10.7
Depreciation and others 26.2 78.9
R&D expenses   32.8       109.0    
Yen Yen
Exchange rate (USD) 79 80
Exchange rate (Euro)   102       102    

As of December 31, 2012

Billion Yen
Total assets 716.7
Net assets 73.4
Equity Capital 63.3
Equity ratio (%) 8.8
Interest-bearing debt   316.2    

Note 1:


All figures are rounded to the nearest 100 million yen.

Note 2:

Consolidated financial results for the nine months ended December 31, 2012 have not been reviewed by the auditors. The figures are subject to change based on subsequent events or the auditors’ review. Renesas Electronics Corporation will promptly notify the correction by issuing a press release.

Note 3:

Capital expenditures refer to the amount of order placed for property, plant and equipment (manufacturing equipment).

Note 4:

Depreciation and others includes depreciation and amortization of intangible assets and amortization of long-term prepaid expenses in quarterly consolidated statements of cash flows.

Consolidated Financial Results for the Third Quarter Ended December 31, 2012

English translation from the original Japanese-language document

February 8, 2013


Company name

: Renesas Electronics Corporation

Stock exchanges on which the shares are listed

: Tokyo Stock Exchange, First Section

Code number

: 6723




: Yasushi Akao, President

Contact person

: Taizo Endo, Executive Manager

Corporate Communications Dept

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

Filing date of Shihanki Hokokusho (scheduled)

: February 13, 2013

(Amounts are rounded to the nearest million yen)

1. Consolidated financial results for the nine months ended December 31, 2012

1.1 Consolidated operating 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   %


Nine months ended December 31, 2012

600,398 (10.8) (31,240) --- (35,535) --- (161,722) ---


Nine months ended December 31, 2011

  673,431   (21.9)   (33,170)   ---   (36,949) ---   (44,420)   ---



Comprehensive income for the nine months ended December 31, 2012: (153,083) million yen

Comprehensive income for the nine months ended December 31, 2011: (54,735) million yen
    Net income (loss) per share basic   Net income (loss) per share diluted
  Yen   Yen


Nine months ended December 31, 2012

(387.71) ---


Nine months ended December 31, 2011

  (106.49)   ---

1.2 Consolidated financial position

    Total assets   Net assets   Equity ratio
  Million yen   Million yen   %
December 31, 2012 716,681 73,384 8.8
March 31, 2012   858,204   226,500   25.4



Equity as of December 31, 2012:


63,276 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”.

2. Cash dividends


Cash dividends per share

    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, 2012 --- 0.00 --- 0.00 0.00
Year ending March 31, 2013   ---   0.00   ---        
Year ending March 31, 2013


              0.00   0.00

Note: Change in forecast of cash dividends since the most recently announced forecast: No

3. Forecast of consolidated results for the year ending March 31, 2013

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


Net sales

Operating income (loss)

Ordinary income (loss) Net income (loss) Net income (loss) per share
Million yen % Million yen % Million yen % Million yen % Yen %
Year ending March 31, 2013 770,000 (12.8) (26,000) -- (34,000) -- (176,000) -- (421.94) --



Change in for ecast of consolidated financial results since the most recently announced forecast: Yes

For details, please refer to page 6.

4. Others

4.1 Changes in significant subsidiaries for the nine months ended December 31, 2012

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

4.2 Adoption of special accounting policies for quarterly financial statements: Yes

(Note) For details, please refer to page 7.

4.3 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 4.3.1: No

3. Changes in accounting estimates: No

4. Corrections of prior period errors: No

4.4 Number of shares issued and outstanding (common stock)

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

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

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

2. Number of treasury stock

As of December 31, 2012: 2,548 shares

As of March 31, 2012: 2,548 shares

3. Average number of shares issued and outstanding

For the nine months ended December 31, 2012: 417,121,942 shares

For the nine months ended December 31, 2011: 417,121,942 shares

(Note) Information regarding the implementation of quarterly review procedures

These quarterly financial results are not subject to quarterly review procedures based upon the Financial Instruments and Exchange Act. These are under the review procedures for the quarterly financial report 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.

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