TOKYO, Japan, December 10, 2012 — Renesas Electronics Corporation (TSE: 6723), a premier supplier of advanced semiconductor solutions, today revised its consolidated financial forecasts for the full year (the period from April 1, 2012 to March 31, 2013), which it disclosed on August 2, 2012.
1. Revised forecasts for the full-year consolidated financial results
(For the year ending March 31, 2013)
In millions of yen
| Net Sales | Operating Income (Loss) | Ordinary Income Loss) | Net Income (Loss) | Net Income (Loss) per Share (Yen) | |
|---|---|---|---|---|---|
| Previous forecasts (As of August 2, 2012) | 868,000 | 21,000 | 10,000 | (150,000) | (359.60) |
| Revised forecasts (As of December 10, 2012) | 820,000 | 21,000 | 10,000 | (150,000) | (359.60) |
| Increase (decrease) | (48,000) | 0 | 0 | 0 | – |
| Percent change | (5.5) | – | – | – | – |
| Reference: Results for the year ended March 31, 2012 | 883,112 | (56,750) | (61,228) | (62,600) | (150.08) |
Background to the revision of full-year forecasts
Renesas announced the following revisions to its forecasts for the fiscal year ending March 31, 2013: net sales are expected to total 820.0 billion yen, 48.0 billion yen down from the previous forecast (announced on August 2, 2012); semiconductor sales are expected to total 760.0 billion yen, 51.0 billion yen down from the previous forecast.
As factors including prolonged debt worries in Europe, further market slowdown in China and other emerging economies as well as increased uncertainty of Japan-China relations might impact on demand, Renesas forecasts its sales to be less than the original expectations and has made a downward revision to its forecasts for both net sales and semiconductor sales. The company expects the sales from three product areas, MCUs, analog and power (A&P) devices and system-on-Chip (SoC) solutions; to decline from the previous forecast.
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 “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) 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.