TOKYO, Japan, November 2, 2017― Renesas Electronics Corporation (TSE: 6723), a premier supplier of advanced semiconductor solutions, today announced the consolidated full-year financial forecasts and forecasts of cash dividends for the fiscal year ending December 31, 2017.
1. Consolidated forecasts for the fiscal year ending December 31, 2017
(January 1, 2017 to December 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) |
|
|---|---|---|---|---|---|
| Previous forecasts | － | － | － | － | － |
| Revised forecasts (November 2, 2017) | 771,000 | 71,000 | 69,000 | 71,000 | 42.59 |
| Increase (decrease) | － | － | － | － | － |
| Percent change | － | － | － | － | － |
| Reference: Results for the year ended December 31, 2016 |
638,823 | 70,436 | 61,227 | 54,411 | 32.64 |
The figures of the consolidated forecasts for the fiscal year ending December 31, 2017 above are sum of the results of the nine-month ended September 30, 2017 and the forecasts of the three months ending December 31, 2017. The consolidated forecasts for the fiscal year ending December 31, 2017 are calculated at the rate of 111 yen per USD and 125 yen per Euro.
2. Forecasts of cash dividends for the fiscal year ending December 31, 2017
| 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 November 2, 2017 | － | 0.00 | 0.00 | ||
| Results for the year ending December 31, 2017 | － | 0.00 | |||
| Results for the year ended December 31, 2016 | － | 0.00 | － | 0.00 | 0.00 |
For the year ending December 31, 2017, while the Group expects to post net income (net income attributable to shareholders of parent company), the Group regrettably suspended year-end dividend payment for this period.
The Group will divert its retained earnings for strategic investment opportunities that will enable the Group to respond to rapid environmental changes to thrive in the global marketplace, and will aim to increase shareholder profit by improving corporate value. Based on a long-term standpoint, the Group aims to realize stable and sustained growth in profits to allow dividends to be reinstated.
Refer to Renesas Electronics’ earnings report “Renesas Electronics Reports for the Third Quarter Ended September 30, 2017 (PDF: 592 KB)” issued on November 2, 2017 for more details.
The statements with respect to the financial outlook of the Group are forward-looking statements involving risks and uncertainties. The Company cautions you in advance that actual results may vary materially from such forward-looking statements due to several important factors.
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.