Renesas Electronics Reports Financial Results for the Year Ended March 31, 2013
Filed under: Investing
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. |
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Consolidated Financial Results for the Year Ended March 31, 2013 |
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| English translation from the original Japanese-language document | ||
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May 9, 2013 |
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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 |
: http://www.renesas.com |
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Representative |
: Tetsuya Tsurumaru, President |
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Contact person |
: Taizo Endo, Executive Manager |
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Corporate Communications Dept |
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Tel. +81 (0)3-6756-5552 |
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Date of the ordinary general shareholders’ meeting (scheduled) |
: June 26, 2013 |
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Filing date of Yukashoken Hokokusho (scheduled) |
: June 26, 2013 |
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(Amounts are rounded to the nearest million yen) |
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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 |
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Comprehensive income for the year ended March 31, 2012: (64,516) million yen |
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| 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) |
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Reference: |
Equity in net income of affiliates of the year ended March 31, 2013: 40 million yen | |
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Equity in net income of affiliates of the year ended March 31, 2012: 65 million yen |
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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 |
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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 |
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| 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) |
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| 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
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Non-consolidated financial results |
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(% of change from corresponding period of the previous year) |
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| 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 | |
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Equity at the end of the year ended March 31, 2012: 208,968 million yen |
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(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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