TOKYO, Japan, February 8, 2017― Renesas Electronics Corporation (TSE: 6723), a premier supplier of advanced semiconductor solutions, today announced the consolidated financial forecasts for the three months ending March 31, 2017.
1. Consolidated forecasts for the three months ending March 31, 2017
(January 1, 2017 to March 31, 2017)
In millions of yen
| Net Sales | Operating Income | Ordinary Income | Net Income Attributable to Shareholders of Parent Company |
Net Income per Share (Yen) |
|
|---|---|---|---|---|---|
| Forecasts as of February 8, 2017 | 171,000 | 23,000 | 22,000 | 19,000 | 11.40 |
| Reference: Results for the corresponding period of previous calendar year (January 1, 2016 – March 31, 2016) | 167,792 | 15,725 | 11,241 | 10,292 | 6.17 |
In accordance with the change of the fiscal term in which the fiscal year-end changed from March 31 to December 31, the fiscal year ended December 31, 2016, in which the transition to the new accounting period took place, comprised the financial results for the nine months from April 1, 2016 to December 31, 2016. Therefore, in the descriptions above the financial results for the first quarter of the fiscal year 2017 (January 1, 2017 to March 31, 2017) are compared with the corresponding period of the previous calendar year, from January 1, 2016 to March 31, 2016.
The consolidated forecasts for the first quarter ending March 31, 2017 are calculated at the rate of 111 yen per USD and 118 yen per Euro.
Refer to Renesas Electronics’ press release “Renesas Electronics Reports Financial Results for the Year Ended December 31, 2016” issued on February 8, 2017 for more details.
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. Amongst 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.