(Billion yen) |
||||
|
Three months ended June 30, 2024 |
Six months ended June 30, 2024 |
||
Non-GAAP gross profit |
203.6 |
402.9 |
||
Non-GAAP gross margin |
56.7% |
56.7% |
||
Amortization of purchased intangible assets and depreciation of property, plant and equipment |
(0.3) |
(0.5) |
||
Stock-based compensation |
(0.8) |
(1.2) |
||
Other reconciliation items in non-recurring expenses and adjustments (Note 4) |
(1.6) |
(2.7) |
||
IFRS gross profit |
200.9 |
398.4 |
||
IFRS gross margin |
56.0% |
56.1% |
||
|
|
|
||
Non-GAAP operating profit |
110.6 |
224.1 |
||
Non-GAAP operating margin |
30.8% |
31.5% |
||
Amortization of purchased intangible assets and depreciation of property, plant and equipment |
(28.7) |
(56.3) |
||
Stock-based compensation |
(9.2) |
(14.8) |
||
Other reconciliation items in non-recurring expenses and adjustments (Note 4) |
(2.9) |
(5.4) |
||
IFRS operating profit |
69.7 |
147.6 |
||
IFRS operating margin |
19.4% |
20.8% |
||
Note 1: |
|
All figures are rounded to the nearest 100 million yen. |
Note 2: |
|
Non-GAAP figures are calculated by removing or adjusting non-recurring items and other adjustments from GAAP (IFRS) figures following a certain set of rules. The Group believes non-GAAP measures provide useful information in understanding and evaluating the Group’s constant business results. |
Note 3: |
|
Operating profit + Depreciation and amortization. |
Note 4: |
|
“Other reconciliation items in non-recurring expenses and adjustments” includes the non-recurring items related to acquisitions and other adjustments as well as non-recurring profits or losses the Group believes to be applicable. |
RENESAS ELECTRONICS CORPORATION
Consolidated Financial Results for the Second Quarter Ended June 30, 2024
English translation from the original Japanese-language document
July 25, 2024
Company name |
: Renesas Electronics Corporation |
| Stock exchanges on which the shares are listed |
: Tokyo Stock Exchange, Prime Market |
| Code number |
: 6723 |
| URL |
|
| Representative |
: Hidetoshi Shibata, President and CEO |
| Contact person |
: Tomohiko Sato, Vice President, Investor Relations Tel. +81 (0)3-6773-3002 |
| Filing date of Hanki Hokokusho (scheduled) |
: August 1, 2024 |
(Amounts are rounded to the nearest million yen)
