This press release has been updated as of July 29, 2010.
This press release has been corrected as of June 3, 2010.
Renesas Electronics Corporation (TSE: 6723) today announced former NEC Electronics' consolidated financial results for the year ended March 31, 2010.
Summary of Consolidated Financial Results
Years ended March 31, 2009 and 2010
| Year ended March 31, 2009 | Year ended March 31, 2010 | Increase (Decrease) | ||||
|---|---|---|---|---|---|---|
| Billion Yen | % of Net Sales | Billion Yen | % of Net Sales | Billion Yen | % Change | |
| Net sales | 550.7 | 100.0 | 471.0 | 100.0 | (79.6) | (14.5) |
| Sales from semiconductors | 525.9 | 451.9 | (74.0) | (14.1) | ||
| Operating income (loss) | (66.4) | (12.1) | (49.2) | (10.5) | 7.2 | --- |
| Ordinary income (loss) | (76.2) | (13.8) | (54.4) | (11.5) | 21.8 | --- |
| Net income (loss) | (85.1) | (15.4) | (56.4) | (12.0) | 28.6 | --- |
| Yen | Yen | Yen | % Change | |||
| Net income (loss) per share | (688.77) | (456.95) | 231.82 | --- | ||
| Billion Yen | Billion Yen | Billion Yen | % Change | |||
| Capital expenditures | 56.6 | 31.4 | (25.1) | (44.4) | ||
| Depreciation and others | 64.9 | 58.0 | (6.8) | (10.6) | ||
| R&D expenses | 110.4 | 91.7 | (18.7) | (17.0) | ||
| Yen | Yen | |||||
| Exchange rate (USD) | 101 | 93 | ||||
| Exchange rate (Euro) | 146 | 132 |
Three months ended March 31, 2009 and 2010
| Three months ended March 31, 2009 | Three months ended March 31, 2010 | Increase (Decrease) | ||||
|---|---|---|---|---|---|---|
| Billion Yen | % of Net Sales | Billion Yen | % of Net Sales | Billion Yen | % Change | |
| Net sales | 85.9 | 100.0 | 131.8 | 100.0 | 45.9 | 53.4 |
| Sales from semiconductors | 81.1 | 126.1 | 45.0 | 55.5 | ||
| Operating income (loss) | (53.0) | (61.7) | (3.0) | (2.3) | 50.1 | --- |
| Ordinary income (loss) | (57.8) | (67.2) | (5.3) | (4.0) | 52.5 | --- |
| Net income (loss) | (64.0) | (74.5) | (2.4) | (12.0) | 61.7 | --- |
| Yen | Yen | Yen | % Change | |||
| Net income (loss) per share | (518.41) | (19.10) | 499.31 | --- | ||
| Billion Yen | Billion Yen | Billion Yen | % Change | |||
| Capital expenditures | 17.1 | 7.4 | (9.8) | (57.0) | ||
| Depreciation and others | 16.7 | 15.7 | (1.0) | (6.1) | ||
| R&D expenses | 26.9 | 2.8 | (4.1) | (15.2) | ||
| Yen | Yen | |||||
| Exchange rate (USD) | 91 | 90 | ||||
| Exchange rate (Euro) | 120 | 128 |
| As of March 31, 2009 | As of March 31, 2010 | Increase (Decrease) | ||||
|---|---|---|---|---|---|---|
| Billion Yen | Billion Yen | Billion Yen | % Change | |||
| Total assets | 488.2 | 459.9 | (28.3) | (5.8) | ||
| Net assets | 194.7 | 136.3 | (58.4) | (30.0) | ||
| Equity ratio (%) | 39.0% | 28.8% | (10.2) | --- | ||
| Interest-bearing debt | 111.3 | 140.9 | 29.5 | 26.5 | ||
| Persons | Persons | Persons | % Change | |||
| Number of employees | 22,476 | 22,071 | (405) | (1.8) |
Note.
1. All figures are rounded to the nearest 100 million yen.
2. Capital expenditures refer to the cost of additions to property, plant and equipment (excluding software).
3. Depreciation and others includes depreciation and amortization, and amortization of long-term prepaid expense.
Renesas Electronics Reports Financial Results for the Year Ended March 31, 2010 (Size: 385 KB)
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 "Renesas Electronics") 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) delivers trusted embedded design innovation with complete semiconductor solutions that enable billions of connected, intelligent devices to enhance the way people work and live. A global leader in microcontrollers, analog, power and SoC products, Renesas provides comprehensive solutions for a broad range of automotive, industrial, infrastructure, and IoT applications that help shape a limitless future. Learn more at renesas.com. Follow us on LinkedIn, Facebook, Twitter, and YouTube.
The content in the press release, including, but not limited to, product prices and specifications, is based on the information as of the date indicated on the document, but may be subject to change without prior notice.