Renesas Electronics Reports Financial Results for the Third

Renesas Electronics Reports Financial Results for the Third Quarter Ended December 31, 2014

TOKYO — (BUSINESS WIRE) — February 5, 2015 — Renesas Electronics Corporation (TSE:6723) today announced consolidated financial results for the nine months ended December 31, 2014.

Summary of Consolidated Financial Results

	Three months ended December 31, 2014		Nine months ended December 31, 2014
	Billion Yen	% of Net Sales	Billion Yen	% of Net Sales
Net sales	191.9	100.0	608.9	100.0
Sales from semiconductors	177.4		578.2
Sales from others	14.5		30.7
Operating income (loss)	29.5	15.3	80.0	13.1
Ordinary income (loss)	33.2	17.3	82.3	13.5
Net income (loss)	38.2	19.9	73.3	12.0
Capital expenditures	7.2		22.1
Depreciation and others	17.1		50.0
R&D expenses	19.9		70.2
	Yen		Yen
Exchange rate (USD)	110		105
Exchange rate (Euro)	140		140

	As of December 31, 2014
	Billion Yen
Total assets	854.6
Net assets	285.9
Equity Capital	283.5
Equity ratio (%)	33.2
Interest-bearing debt	262.1

Note 1:		All figures are rounded to the nearest 100 million yen.
Note 2:		Capital expenditures refer to the amount of order placed for property, plant and equipment (manufacturing equipment).
Note 3:		Depreciation and others includes depreciation and amortization of intangible assets and amortization of long-term prepaid expenses in quarterly consolidated statements of cash flows.

Consolidated Financial Results for the Third Quarter Ended December 31, 2014
English translation from the original Japanese-language document

						February 5, 2015

Company name						: Renesas Electronics Corporation
Stock exchanges on which the shares are listed						: Tokyo Stock Exchange, First Section
Code number						: 6723
URL						: http://www.renesas.com
Representative						: Hisao Sakuta, Representative Director,
						Chairman and CEO
Contact person						: Taizo Endo, Senior Expert
						Corporate Communications Dept, CEO
						Office
						Tel. +81 (0)3-6756-5552
Filing date of Shihanki Hokokusho (scheduled)						: February 5, 2015

						(Amounts are rounded to the nearest million yen)

1.	Consolidated financial results for the nine months ended December 31, 2014

1.1	Consolidated financial results	(% of change from corresponding period of the previous year)
		Net sales		Operating income (loss)		Ordinary income (loss)		Net income (loss)
		Million yen	%	Million yen	%	Million yen	%	Million yen	%

	Nine months ended December 31, 2014	608,864	(3.7)	79,986	57.9	82,283	90.3	73,320	620.9

	Nine months ended December 31, 2013	632,508	5.3	50,667	---	43,244	---	10,171	---

				Reference:		Comprehensive income for the nine months ended December 31, 2014: 96,543 million yen (250.6%)
						Comprehensive income for the nine months ended December 31, 2013: 27,539 million yen (---%)


	Net income (loss)	Net income (loss)
	per share basic	per share diluted
	Yen	Yen

Nine months ended December 31, 2014	43.98	---

Nine months ended December 31, 2013	12.11	---

1.2	Consolidated financial position
		Total assets	Net assets	Equity ratio
		Million yen	Million yen	%

	December 31, 2014	854,596	285,937	33.2

	March 31, 2014	786,002	227,314	27.3

Reference:	Equity as of December 31, 2014:	283,475 million yen
	Equity as of March 31, 2014:	214,601 million yen

Note: Equity is equal to “Net assets” excluding “Share subscription rights” and “Minority interests”

2.	Cash dividends
		Cash 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
		Yen	Yen	Yen	Yen	Yen
	Year ended March 31, 2014	---	0.00	---	0.00	0.00
	Year ending March 31, 2015	---	0.00	---
	Year ending March 31, 2015 (forecast)				0.00	0.00

				Note:		Change in forecast of cash dividends since the most recently announced forecast: Yes
						For details, please refer to Appendix 1.4., “Forecasts of Cash Dividends” on page 6.

3.	Forecast of consolidated results for the year ending March 31, 2015
				(% of change from corresponding period of the previous year)
		Net sales		Operating income (loss)		Ordinary income (loss)		Net income (loss)		Net income (loss) per share
		Million yen	%	Million yen	%	Million yen	%	Million yen	%	yen
	Year ending March 31, 2015	786,000	(5.6)	98,000	44.9	98,000	67.2	74,000	---	44.39

				Note:		Change in forecast of consolidated results since the most recently announced forecast: Yes
						For details, please refer to Appendix 1.3., “Consolidated Forecasts” on page 6

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