TOKYO – (COMMERCIAL THREAD) – Renesas Electronics Corporation (TSE: 6723) today announced its consolidated financial results in accordance with IFRS for the nine-month period ended September 30, 2021.
Summary of consolidated financial results (note 1) |
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Three months ended |
Nine months ended |
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|
Billion yen |
% revenues |
Billion yen |
% revenues |
||||
Returned |
258.4 |
100.0 |
680.0 |
100.0 |
||||
Operating result |
53.8 |
20.8 |
119.5 |
17.6 |
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Profit attributable to owners of the parent company |
37.8 |
14.6 |
75.5 |
11.1 |
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Capital expenditure (note 2) |
21.2 |
|
71.8 |
|
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Depreciation and others |
34.4 |
|
100.1 |
|
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R&D expenses (Note 3) |
39.9 |
|
107.1 |
|
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|
Yen |
|
Yen |
|
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Exchange rate (USD) |
110 |
|
108 |
|
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Exchange rate (EUR) |
131 |
|
129 |
|
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As of September 30, 2021 |
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|
Billion yen |
|
Total assets |
2 328.0 |
|
Total equity |
1047.1 |
|
Equity attributable to owners of the parent company |
1043.8 |
|
Equity ratio attributable to owners of the parent company (%) |
44.8 |
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Interest-bearing debts |
897.6 |
Note 1: |
All figures rounded to the nearest 100 million yen. |
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Note 2: |
Capital expenditure refers to the amount of property, plant and equipment (manufacturing equipment) and intangible assets based on the amount of investment decisions made during the three months and nine months ended September 30, 2021. However, the investments of the The former Device Technology, Inc. and Dialog Semiconductors Plc (hereinafter Dialog) are listed as the entry basis. |
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Note 3: |
R&D expenses include capitalized R&D expenses recorded as intangible assets. |
RENESAS ELECTRONIC COMPANY |
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28 October 2021 |
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Company Name |
: Renesas electronics company |
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Stock exchanges on which shares are listed |
: Tokyo Stock Exchange, first section |
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Code number |
: 6723 |
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Url |
: https://www.renesas.com |
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Representing |
: Hidetoshi Shibata, President and CEO |
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Contact |
: Fujiko Yamaguchi, Vice President, Office of the CEO |
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Shihanki Hokokusho filing date (planned) |
: November 11, 2021 |
(Amounts are rounded to the nearest million yen)
1. Consolidated financial results at September 30, 2021
1.1 Consolidated financial results (% change compared to the corresponding period of the previous year)
|
Returned |
Operating |
Profit |
Profit |
Profit |
Total |
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|
Million
yen |
% |
Million
yen |
%
|
Million
yen |
%
|
Million
yen |
%
|
Million
yen |
%
|
Million
yen |
% |
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Nine months ended September 30, 2021 |
679,986 |
29.7 |
119,485 |
149.9 |
100 781 |
116.3 |
75,685 |
96.6 |
75,457 |
96.1 |
183,386 |
— |
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Nine months ended September 30, 2020 |
524,093 |
(0.4) |
47 818 |
— |
46,592 |
— |
38,488 |
— |
38,471 |
— |
(3 930) |
— |
|
Basic earnings |
Diluted profit |
||
|
Yen |
Yen |
||
Nine months ended |
41.61 |
40.72 |
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Nine months ended |
22.42 |
21.98 |
1.2 Consolidated financial position
|
Total assets |
Total equity |
Equity |
Equity ratio |
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|
Million yen |
Million yen |
Million yen |
% |
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September 30, 2021 |
2,327,974 |
1,047,144 |
1,043,838 |
44.8 |
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December 31, 2020 |
1,608,985 |
619 661 |
616,701 |
38.3 |
2. Cash dividends
|
Cash dividends per share |
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|
At the end |
At the end |
At the end |
At the end |
Total |
|
Yen |
Yen |
Yen |
Yen |
Yen |
Year ended |
— |
0.00 |
— |
0.00 |
0.00 |
End of the year |
— |
0.00 |
— |
|
|
End of the year |
|
|
|
0.00 |
0.00 |
To note: |
Change in cash dividend forecast since last forecast announced: Yes |
3. Consolidated earnings forecasts for the year ended December 31, 2021
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Returned |
Not in accordance with GAAP |
Not in accordance with GAAP |
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|
Million yen |
% |
% |
% pts |
% |
% pts |
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Fiscal year ended December 31, 2021 |
977 986 |
36.7 |
52.8
|
5.4
|
28.8
|
9.5
|
Note 1: |
The Group presents its consolidated forecasts for the entire year in the form of a range. Revenue forecasts are provided assuming the midpoint and range of forecasts are shown in parentheses. The gross margin and operating margin forecasts are provided assuming the midpoint of the revenue forecast. For more details, please refer to appendix 1.3. âConsolidated forecastsâ on page 6. |
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Note 2: |
Non-GAAP figures are calculated by removing or adjusting non-recurring items and other adjustments to the GAAP figures in accordance with a certain set of rules. The Group believes that non-GAAP measures provide useful information to understand and assess the ongoing business results of the Group and, therefore, forecasts are provided on a non-GAAP basis. However, the figure provided as revenue is based on IFRS and does not include non-GAAP adjustments. |
4. Others
4.1 |
Change in significant subsidiaries at September 30, 2021: No |
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(Changes in certain subsidiaries leading to changes in the scope of consolidation) |
4.2 |
Changes in accounting methods, changes in accounting estimates and corrections of errors from prior periods |
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1. |
Changes in accounting methods with revision of the accounting standard: No | ||
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2. |
Changes in accounting methods with the exception of 4.2.1: No | ||
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3. |
Changes in accounting estimates: No |
4.3 |
Number of issued and outstanding shares (ordinary shares) |
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1. |
Number of issued and outstanding shares (including treasury shares) |
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As of September 30, 2021: |
1,937,295,290 shares |
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As of December 31, 2020: |
1,731,898,990 shares |
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2. |
Number of own shares |
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|
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As of September 30, 2021: |
2,581 shares |
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|
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As of December 31, 2020: |
2,581 shares |
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3. |
Average number of shares issued and outstanding |
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|
|
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Nine months ended September 30, 2021: |
1,813,309,523 shares |
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|
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Nine months ended September 30, 2020: |
1,716,107,309 shares |
(Note) Information concerning the implementation of audit procedures: These financial results are not subject to quarterly review procedures by the independent auditor.
Caution |
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The Group will host an earnings conference for institutional investors and analysts on October 28, 2021. The Group plans to publish the documents provided at the meeting on the Group’s website that day.
Statements regarding the financial outlook of Renesas Electronics Corporation (hereafter âthe Companyâ) and its consolidated subsidiaries (hereafter âthe Groupâ) are forward-looking statements involving risks and uncertainties. We caution you in advance that actual results may differ materially from these forward-looking statements due to changes in several important factors. |
Forward-looking statements
Statements in this press release regarding the plans, strategies and financial prospects of Renesas Electronics Corporation 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 these 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 and competitive pressure on the prices of products and services in the market; the ability to continue to gain acceptance for products and services in these highly competitive markets; and fluctuations in exchange rates, particularly between the yen and the US dollar. Among other factors, global economic slowdown; deteriorating financial conditions in global markets or deteriorating domestic and foreign stock markets may cause actual results to differ from expected results.
About Renesas Electronics Corporation
Renesas Electronics Corporation (TSE: 6723) delivers reliable in-vehicle design innovation with complete semiconductor solutions that enable billions of connected smart devices to improve the way people work and live. A global leader in microcontrollers, analog, power and SoC products, Renesas provides complete solutions for a wide range of automotive, industrial, infrastructure and IoT applications that help shape a future without limits. Learn more at renesas.com. Follow us on LinkedIn, Facebook, Twitter, YouTube and Instagram.