Renesas Electronics Announces Consolidated Forecasts and Forecasts of Cash Dividends
February 09 2016 - 1:00AM
Business Wire
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 March 31, 2016.
1. Consolidated forecasts for
the fiscal year ending March 31, 2016
(April 1, 2015 to March 31,
2016)
In millions of yen
Net Sales
Operating
Income
Ordinary Income
Net Income Attributable to
Shareholders of Parent Company
Net Income per Share (Yen) Original forecasts
--- --- --- --- --- Forecasts as of
February 9, 2016 690,000 100,000 101,500
82,000 49.19 Increase (decrease) ---
--- --- --- --- Percent change ---
--- --- --- --- Reference:
Results for the year ended March 31,
2015
791,074 104,427 105,335 82,365
49.41
The forecasts for the fiscal year ending March 31, 2016 are sum
of the results of the nine months ended December 31, 2015 and the
forecasts of the three months ending March 31, 2016.
The consolidated forecasts for the fiscal year ending March 31,
2016 are calculated at the rate of 121 yen per USD and 133 yen per
Euro.
2. Forecasts of cash dividends
for the fiscal year ending March 31, 2016
Dividends per share
At the endof first quarter
At the endof second quarter
At the endof third quarter
At the endof year
Total Previous forecasts - - - -
-
Forecasts as of February 9, 2016
- 0.00 0.00
Results for the year ending March 31, 2016
0.00 Results for the year
ended March 31, 2015 - 0.00 - 0.00
0.00
For the year ending March 31, 2016, while the Group expects to
post net income (net income attributable to shareholders of parent
company) for the year ending March 31, 2016, the Group intends to
forgo year-end dividend payments for this period in order to build
a solid profitable financial base that can stably record net income
moving forward. The Group will work toward improved results and
stable performance that will allow dividends to be reinstated at
the earliest possible date.
Refer to Renesas Electronics' press release “Renesas Electronics
Reports Financial Results for the Third Quarter Ended December 31,
2015” issued on February 9, 2016 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 “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. Amongst 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20160208006458/en/
Media ContactsRenesas Electronics CorporationKyoko
Okamoto, +81 3-6773-3001pr@renesas.comInvestor
ContactsRenesas Electronics CorporationMakie Uehara, +81
3-6773-3002ir@renesas.com