Renesas Electronics Experiences Monetary Outcomes for the First Quarter Ended March 31, 2021

TOKYO – (BUSINESS WIRE) – Renesas Electronics Company (TSE: 6723) at the moment introduced its consolidated monetary leads to accordance with IFRS for the quarter ended March 31, 2021.

Abstract of consolidated monetary outcomes (notice 1)

Three months ended

March 31, 2021

Billion yen

% of earnings

Returned

203.7

100.0

Working revenue

30.2

14.8

Revenue attributable to house owners of mum or dad

13.7

6.7

Capital expenditure (notice 2)

28.1

Depreciation and others

32.5

R&D bills (notice 3)

33.2

Yen

Trade fee (USD)

104

Trade fee (EUR)

127

As of March 31, 2021

Billion yen

Whole property

1,688.1

Whole fairness

721.1

Fairness attributable to house owners of the mum or dad firm

718.0

Fairness ratio attributable to house owners of the mum or dad firm (%)

42.5

Curiosity-bearing liabilities

671.1

Observe 1:

All figures rounded to the closest 100 million yen.

Observe 2:

Capital expenditure refers back to the quantity of tangible (manufacturing tools) and intangible property primarily based on the quantity of funding selections made in the course of the three months ended March 31, 2021. Nonetheless, investments within the previous expertise of built-in units , Inc. (hereinafter “IDT”) “are listed because the entry foundation.

Observe 3:

R&D bills embrace capitalized R&D bills recorded as intangible property.

RENESAS ELECTRONICS CORPORATION

Consolidated monetary outcomes for the primary quarter ended March 31, 2021

English translation of the unique Japanese doc

April 28, 2021

Firm Identify

: Renesas Electronics Company

Inventory exchanges on which shares are listed

: Tokyo Inventory Trade, first part

Code quantity

: 6723

Url

: https://www.renesas.com

Consultant

: Hidetoshi Shibata, Consultant Director, President and CEO

Contact particular person

: Fujiko Yamaguchi, Vice President, Workplace of the CEO

Telephone. +81 (0) 3-6773-3002

Shihanki Hokokusho submitting date (deliberate)

: Might 14, 2021

(Quantities are rounded to the closest million yen)

1. Consolidated monetary outcomes for the quarter ended March 31, 2021

1.1 Consolidated monetary outcomes (% change in comparison with the corresponding interval of the earlier yr)

Returned

Working revenue

Revenue earlier than tax

Revenue

Revenue

attributable to

house owners of

mum or dad

Whole

full

Revenue

Million

yen

%

Million

yen

%

Million

yen

%

Million

yen

%

Million

yen

%

Million

yen

%

Three months ended March 31, 2021

203,678

14.0

30,191

126.8

17,624

24.3

13,806

21.6

13 714

21.5

98,475

Three months ended March 31, 2020

178,743

19.0

13 313

14 178

11 358

11 289

(985)

Primary

earnings

per share

Diluted

earnings

per share

Yen

Yen

Three months ended March 31, 2021

7.92

7.75

Three months ended March 31, 2020

6.60

6.49

1.2 Consolidated monetary place

Whole property

Whole fairness

Fairness

attributable to

the house owners

Capital ratio

attributable to

the house owners

Million yen

Million yen

Million yen

%

March 31, 2021

1 688 082

721 134

717,974

42.5

December 31, 2020

1,608,985

619 661

616,701

38.3

2. Money dividends

Money dividends per share

On the finish of

first quarter

On the finish of

second quarter

On the finish of

third quarter

On the finish of

yr

Whole

Yen

Yen

Yen

Yen

Yen

Yr ended

December 31, 2020

0.00

0.00

0.00

Finish of yr

December 31, 2021

Finish of yr

December 31, 2021

(present)

0.00

Observe: Change in money dividend forecast since final forecast introduced: Sure

3. Forecasts of consolidated outcomes for the six months ending June 30, 2021

Non-GAAP

Returned

Non-GAAP

Gross margin

Non-GAAP

Working margin

Million yen

%

%

% pts

%

% pts

Six months ending June 30, 2021

407,678

18.2

50.1

2.7

24.7

6.2

(± 4000)

(± 1.2)

Observe 1:

The Group presents its consolidated forecasts on a quarterly foundation (cumulative quarters) changing an annual forecast in a spread format. The income forecast is offered assuming the midpoint and vary of the forecast is proven in parentheses. Gross margin and working margin forecast are offered assuming the midpoint of the income forecast. For extra particulars, please consult with appendix 1.3. “Consolidated forecasts” on web page 6.

Observe 2:

Non-GAAP figures are calculated by eradicating or adjusting non-recurring gadgets and different changes to GAAP figures following a sure algorithm. The Group believes that non-GAAP measures present helpful info for understanding and evaluating the continued enterprise outcomes of the Group, and due to this fact the forecasts are offered on a non-GAAP foundation.

4. Others

4.1

Modifications in vital subsidiaries for the quarter ended March 31, 2021: No

(Modifications in particular subsidiaries resulting in adjustments within the scope of consolidation)

4.2

Modifications in accounting insurance policies, adjustments in accounting estimates and corrections of errors from prior intervals

1.

Modifications in accounting strategies with revision of the accounting commonplace: No

2.

Modifications in accounting strategies apart from 4.2.1: No

3.

Modifications in accounting estimates: No

4.3

Variety of issued and excellent shares (peculiar shares)

1.

Variety of issued and excellent shares (together with treasury shares)

As of March 31, 2021:

1,732,968,290 shares

As of December 31, 2020:

1,731,898,990 shares

2.

Variety of personal shares

As of March 31, 2021:

2,581 instances

As of December 31, 2020:

2,581 instances

3.

Common variety of shares issued and excellent

Three months ended March 31, 2021:

1,732,607,242 shares

Three months ended March 31, 2020:

1,710,788,376 shares

(Observe) Info in regards to the implementation of audit procedures

These monetary outcomes will not be topic to quarterly evaluate procedures by the impartial auditor.

Warning

The Group will host an earnings convention for institutional buyers and analysts on April 28, 2021. The Group plans to publish the paperwork offered on the assembly on the Group’s web site that day.

Statements regarding the monetary outlook of Renesas Electronics Company (hereafter “the Firm”) and its consolidated subsidiaries (hereafter “the Group”) are forward-looking statements involving dangers and uncertainties. We warning you prematurely that precise outcomes could differ materially from these forward-looking statements as a result of adjustments in a number of vital elements.

Ahead-looking statements

The statements contained on this press launch relating to the plans, methods and monetary prospects of Renesas Electronics Company and its consolidated subsidiaries (collectively “we”) are forward-looking statements involving dangers and uncertainties. We warning you prematurely that precise outcomes could differ materially from these forward-looking statements as a result of a number of vital elements, together with, however not restricted to, common financial situations in our markets, that are primarily Japan, North America, Asia and Europe; demand and aggressive stress on the costs of services available in the market; capability to proceed to achieve acceptance for services in these extremely aggressive markets; and fluctuations in change charges, significantly between the yen and the US greenback. Amongst different elements, the slowdown within the world economic system; deteriorating monetary situations in world markets or deteriorating home and international inventory markets could trigger precise outcomes to vary from anticipated outcomes.

About Renesas Electronics Company

Renesas Electronics Company (TSE: 6723) delivers trusted, built-in design innovation with complete semiconductor options that allow billions of related and good units to enhance the best way folks work and reside – safely and safely. A worldwide chief in microcontrollers, analog, energy and SoC merchandise and built-in platforms, Renesas supplies experience, high quality and full options for a variety of automotive, industrial, house electronics, limitless future workplace automation and knowledge expertise. Be taught extra at renesas.com.

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