TOKYO, Japan, August 6, 2014 — Renesas Electronics Corporation (TSE: 6723), a premier supplier of advanced semiconductor solutions, today announced the consolidated forecasts and forecasts of cash dividends.
1. Consolidated forecasts for the six months ending September 30, 2014 (April 1, 2014 to September 30, 2014)
In millions of yen
| Net Sales | Operating Income (loss) | Ordinary Income (Loss) | Net Income (Loss) | Net Income (Loss) per Share (Yen) | |
|---|---|---|---|---|---|
| Original forecasts | --- | --- | --- | --- | --- |
| Forecasts as of August 6, 2014 | 413,000 | 46,000 | 41,000 | 28,000 | 16.80 |
| Increase (decrease) | --- | --- | --- | --- | --- |
| Percent change | --- | --- | --- | --- | --- |
| Reference: Results for the six months ended September 30, 2013 | 416,866 | 20,688 | 13,910 | (12,810) | (30.22) |
The figures of the consolidated forecasts for the six months above are sum of the results of the three months ended June 30, 2014 and the forecasts of the three months ending September 30, 2014.
The consolidated forecasts for the six months ending June 30, 2014 are calculated at the rate of 102yen per USD and 140 yen per Euro.
2. Forecasts of cash dividends for the fiscal year ending March 31, 2015
| Dividends per share | |||||
|---|---|---|---|---|---|
| At the end of first quarter | At the end of second quarter | At the end of third quarter | At the end of year | Total | |
| Previous forecasts | --- | --- | --- | --- | --- |
| Forecasts as of August 6, 2014 | 0.00 | --- | --- | --- | |
| Results for the three months ended June 30, 2014 | --- | ||||
| Results for the year ended March 31, 2014 | --- | 0.00 | --- | 0.00 | 0.00 |
For the year ending March 31, 2015, while Renesas Electronics Group (the “Group”) expects to post net income for the six months ending September 30, 2014, the year-end retained earnings at March 31, 2014 was negative. Therefore, the Group intends to forgo interim dividend.
For the year ending March 31, 2015, whether the Group provides year-end dividend payments remain undecided, and the Group will immediately announce it when the decisions are made.
Refer to Renesas Electronics' press release “Renesas Electronics Reports Financial Results for the First Quarter Ended June 30, 2014” issued on August 6, 2014 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 the “Group” or “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.