TOKYO, Japan, May 11, 2018― Renesas Electronics Corporation (TSE: 6723), a premier supplier of advanced semiconductor solutions, today announced the difference between its consolidated financial forecasts, which it disclosed on February 9, 2018, and the actual results, which it disclosed today, for the three months ended March 31, 2018 (the period from January 1, 2018 to March 31, 2018).
1. Difference between consolidated forecasts and actual results for the three months ended March 31, 2018
(January 1, 2018 to March 31, 2018)
In millions of yen
| Net Sales | Operating Income | Ordinary Income | Net Income Attributable to Shareholders of Parent Company |
Net Income per Share (Yen) |
|
|---|---|---|---|---|---|
| Previous forecasts (As of February 9, 2018) | 182,000 | 10,000 | 9,000 | 16,000 | 9.60 |
| Actual results | 185,912 | 20,598 | 18,687 | 23,337 | 14.00 |
| Increase (decrease) | 3,912 | 10,598 | 9,687 | 7,337 | 4.40 |
| Percent change | 2.1％ | 106.0％ | 107.6％ | 45.9% | 45.8% |
| Reference: Results for the three months ended March 31, 2017 |
177,231 | 22,123 | 21,161 | 17,164 | 10.30 |
2. Background to the difference
Renesas announced the following financial results for the three months ended March 31, 2018: net sales were 185.9 billion yen, 3.9 billion yen up from the previous forecast (announced on February 9, 2018); semiconductor sales were 182 billion yen, 3.3 billion yen up from the previous forecast; operating income, ordinary income and net income attributable to shareholders of parent company were all better than the company's estimates, mainly owing to production increase and cost-containment efforts, in addition to the better-than-expected sales.
Details that explain Renesas' announcement of financial results for the three months ended March 31, 2018 are disclosed in the Renesas press release: “ Renesas Electronics Reports Financial Results for the Three Months Ended March 31, 2018 (PDF 358 KB)” issued on May 11, 2018.
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.
(FORWARD-LOOKING STATEMENTS)
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