TOKYO, Japan, February 9, 2018― 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, 2018.
1. Consolidated forecasts for the three months ending 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) |
|
|---|---|---|---|---|---|
| Forecasts as of February 9, 2018 | 182,000 | 10,000 | 9,000 | 16,000 | 9.60 |
| Reference: Results for the corresponding period of previous calendar year (January 1, 2017 – March 31, 2017) | 177,231 | 22,123 | 21,161 | 17,164 | 10.30 |
While consolidated net sales for the three months ending March 31, 2018 are expected to be 182.0 billion yen, 2.7 percent up year on year, Renesas expects the operating income to decrease by 12.1 billion yen year on year, mainly due to increases in depreciation and raw material costs as well as R&D and selling, general and administrative expenses.
The consolidated forecasts for the first quarter ending March 31, 2018 are calculated at the rate of 107 yen per USD and 132 yen per Euro.
Refer to Renesas Electronics’ earnings report “Renesas Electronics Reports Financial Results for the Year Ended December 31, 2017 (PDF: 681 KB)” issued on February 9, 2018 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.