Welcome!

Microsoft Cloud Authors: Kevin Benedict, Pat Romanski, Liz McMillan, Lori MacVittie, Elizabeth White

News Feed Item

Renesas Electronics Revises Full-Year Forecasts

Renesas Electronics Corporation (TSE: 6723), a premier supplier of advanced semiconductor solutions, today revised its consolidated financial forecasts for the full year (the period from April 1, 2012 to March 31, 2013), which it disclosed on December 10, 2012.

1. Revised forecasts for the full-year consolidated financial results

(For the year ending March 31, 2013)   

         

In millions of yen

   

Net
Sales

 

(Reference)
Sales from
Semiconductors

 

Operating
Income
(Loss)

 

Ordinary
Income
(Loss)

 

Net
Income
(Loss)

 

Net Income
(Loss) per
Share (Yen)

Previous forecasts

(As of December 10, 2012)

820,000 760,000 21,000 10,000 (150,000) (359.60)
Revised forecasts

(As of February 8, 2013)

770,000 711,000 (26,000) (34,000) (176,000) (421.94)
Increase (decrease) (50,000) (49,000) (47,000) (44,000) (26,000)
Percent change (6.1) (6.4)
Reference:

Results for the year

ended March 31, 2012

883,112 786,033 (56,750) (61,228) (62,600) (150.08)
 

Background to the revision of full-year forecasts

As for the sales forecasts for the fiscal year ending March 31, 2013: net sales are expected to be 770.0 billion yen, 50.0 billion yen down from the previous forecast (announced on December 10, 2012); sales from semiconductors are expected to be 711.0 billion yen, 49.0 billion yen down from the previous forecast.

Sales from semiconductors for the three months ended December 31, 2012, were lower than the expectation. This was mainly due to a decline in demand of semiconductors for automotive and industrial applications which were expected to recover the demand at certain level in the second half of the fiscal year ending March 31, 2013 as well as semiconductors for consumer electronics whose sales were expected to be steady through a large-scale custom project, influenced by production decrease at customers due to the prolonged downturn of the global economy. In addition to this, production decrease of automotive, electronic and other equipment for China also brought further impact on demand of semiconductors through the period. Moreover, the Group expects sales from semiconductors for the three months ending March 31, 2013 also to fall below its original expectation due to the same factors at the previous quarter. For these reasons, the Group has made a downward revision to its forecasts for both net sales and sales from semiconductors. The Group expects the sales from three product areas; MCUs, Analog & Power Devices and SoC solutions; to be lower than the previous forecasts respectively.

As for the earnings forecasts for the fiscal year ending March 31, 2013, despite the Group’s efforts on holding down costs including personnel expenses, lower profit is expected along with decrease in sales from semiconductors and production decrease. Therefore, the Group has revised the earnings forecasts as follow: operating loss is expected to be 26.0 billion yen, 47.0 billion yen down from the previous forecast; ordinary loss is expected to be 34.0 billion yen, 44.0 billion yen down from the previous forecast; net loss is expected to be 176.0 billion yen, 26.0 billion yen down from the previous forecast.

The consolidated financial forecasts for the fiscal year ending March 31, 2013 are based on the rate of 83 yen per USD and 109 yen per Euro for the average of the second half of the fiscal year ending March 31, 2013, 82 yen per USD and 106 yen per Euro for the average of the full fiscal year ending March 31, 2013.

Details will be explained in Renesas' announcement of financial results for the third quarter ended December 31, 2012 on February 8, 2013.

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. 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), the world’s number one supplier of microcontrollers, is a premier supplier of advanced semiconductor solutions including microcontrollers, SoC solutions and a broad-range of analog and power devices. Business operations began as Renesas Electronics in April 2010 through the integration of NEC Electronics Corporation (TSE:6723) and Renesas Technology Corp., with operations spanning research, development, design and manufacturing for a wide range of applications. Headquartered in Japan, Renesas Electronics has subsidiaries in 20 countries worldwide. More information can be found at www.renesas.com.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

IoT & Smart Cities Stories
CloudEXPO New York 2018, colocated with DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City and will bring together Cloud Computing, FinTech and Blockchain, Digital Transformation, Big Data, Internet of Things, DevOps, AI, Machine Learning and WebRTC to one location.
Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settlement products to hedge funds and investment banks. After, he co-founded a revenue cycle management company where he learned about Bitcoin and eventually Ethereal. Andrew's role at ConsenSys Enterprise is a mul...
DXWorldEXPO | CloudEXPO are the world's most influential, independent events where Cloud Computing was coined and where technology buyers and vendors meet to experience and discuss the big picture of Digital Transformation and all of the strategies, tactics, and tools they need to realize their goals. Sponsors of DXWorldEXPO | CloudEXPO benefit from unmatched branding, profile building and lead generation opportunities.
Disruption, Innovation, Artificial Intelligence and Machine Learning, Leadership and Management hear these words all day every day... lofty goals but how do we make it real? Add to that, that simply put, people don't like change. But what if we could implement and utilize these enterprise tools in a fast and "Non-Disruptive" way, enabling us to glean insights about our business, identify and reduce exposure, risk and liability, and secure business continuity?
DXWorldEXPO LLC announced today that Telecom Reseller has been named "Media Sponsor" of CloudEXPO | DXWorldEXPO 2018 New York, which will take place on November 11-13, 2018 in New York City, NY. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
We are seeing a major migration of enterprises applications to the cloud. As cloud and business use of real time applications accelerate, legacy networks are no longer able to architecturally support cloud adoption and deliver the performance and security required by highly distributed enterprises. These outdated solutions have become more costly and complicated to implement, install, manage, and maintain.SD-WAN offers unlimited capabilities for accessing the benefits of the cloud and Internet. ...
Discussions of cloud computing have evolved in recent years from a focus on specific types of cloud, to a world of hybrid cloud, and to a world dominated by the APIs that make today's multi-cloud environments and hybrid clouds possible. In this Power Panel at 17th Cloud Expo, moderated by Conference Chair Roger Strukhoff, panelists addressed the importance of customers being able to use the specific technologies they need, through environments and ecosystems that expose their APIs to make true ...
Business professionals no longer wonder if they'll migrate to the cloud; it's now a matter of when. The cloud environment has proved to be a major force in transitioning to an agile business model that enables quick decisions and fast implementation that solidify customer relationships. And when the cloud is combined with the power of cognitive computing, it drives innovation and transformation that achieves astounding competitive advantage.
DXWorldEXPO LLC announced today that "IoT Now" was named media sponsor of CloudEXPO | DXWorldEXPO 2018 New York, which will take place on November 11-13, 2018 in New York City, NY. IoT Now explores the evolving opportunities and challenges facing CSPs, and it passes on some lessons learned from those who have taken the first steps in next-gen IoT services.