SYS-CON MEDIA Authors: Doug Masi, Mat Mathews, PR.com Newswire, David Smith, Tim Crawford

News Feed Item

Renesas Electronics Announces Consolidated Forecasts and Forecasts of Cash Dividends

Renesas Electronics Corporation (TSE: 6723), a premier supplier of advanced semiconductor solutions, today announced the consolidated forecasts and forecasts of cash dividends.

1. Consolidated forecasts for the six months ending September 30, 2014

(April 1, 2014 to September 30, 2014)

         

In millions of yen

        Net Sales  

Operating
Income
(loss)

 

Ordinary
Income
(Loss)

 

Net Income
(Loss)

 

Net Income
(Loss) per
Share (Yen)

Original forecasts   ---   ---   ---   ---   ---
Forecasts as of August 6, 2014   413,000   46,000   41,000   28,000   16.80
Increase (decrease)   ---   ---   ---   ---   ---
Percent change   ---   ---   ---   ---   ---

Reference:
Results for the six
months ended September 30, 2013

  416,866   20,688   13,910   (12,810)   (30.22)

The figures of the consolidated forecasts for the six months above are sum of the results of the three months ended June 30, 2014 and the forecasts of the three months ending September 30, 2014.

The consolidated forecasts for the six months ending June 30, 2014 are calculated at the rate of 102 yen per USD and 140 yen per Euro.

2. Forecasts of cash dividends for the fiscal year ending March 31, 2015

         
    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
Previous forecasts   ---   ---   ---   ---   ---
Forecasts as of August 6, 2014       0.00   ---   ---   ---

Results for the three months
ended June 30, 2014

 

---

               

Results for the year
ended March 31, 2014

  ---   0.00   ---   0.00   0.00

For the year ending March 31, 2015, while Renesas Electronics Group (the “Group”) expects to post net income for the six months ending September 30, 2014, the year-end retained earnings at March 31, 2014 was negative. Therefore, the Group intends to forgo interim dividend.

For the year ending March 31, 2015, whether the Group provides year-end dividend payments remain undecided, and the Group will immediately announce it when the decisions are made.

Refer to Renesas Electronics’ press release “Renesas Electronics Reports Financial Results for the First Quarter Ended June 30, 2014” issued on August 6, 2014 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 the “Group” or “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 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 20 countries worldwide. More information can be found at www.renesas.com.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.