TOKYO — (BUSINESS WIRE) — October 27, 2021 — Renesas Electronics Corporation (TSE: 6723), a premier supplier of advanced semiconductor solutions, today announced the consolidated financial forecasts and forecasts of cash dividends for the full year ending December 31, 2021.
The Group reports its consolidated forecasts for the full year as a range because of the difficulty of forecasting results with high accuracy due to the short-term volatility of the semiconductor market.
Additionally, in order to provide useful information to better understand the Group’s constant business results, figures such as gross margin and operating margin are presented in the non-GAAP format, which excludes or adjusts the non-recurring items related to acquisitions and other adjustments including non-recurring expenses or income from the financial figures based on GAAP (IFRS based) following a certain set of rules. However, the figure provided as revenue is based on IFRS and does not include non-GAAP adjustments.
The revenue forecast is provided assuming the midpoint and the range of the forecast are listed in brackets. The gross margin and operating margin forecasts are given assuming the midpoint in the revenue forecast.
| 1. Consolidated forecasts for the full year ending December 31, 2021
(January 1, 2021 to December 31, 2021) |
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In millions of yen |
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|
Revenue |
Non-GAAP
|
Non-GAAP
|
Previous forecasts |
--- |
--- |
--- |
Forecasts as of
|
977,986
|
52.8% |
28.8% |
Increase (decrease) |
--- |
--- |
--- |
Percentage change |
--- |
--- |
--- |
Reference: Results of the full year ended December 31, 2020 |
715,673 |
47.3% |
19.2% |
Note: |
Non-GAAP figures are calculated by removing or adjusting non-recurring items and other adjustments from GAAP 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, and therefore, forecasts are provided as a non-GAAP basis. This adjustment and exclusion include depreciation of property, plant and equipment, amortization of intangible assets recognized from acquisitions, other PPA adjustments and stock-based compensation, as well as other non-recurring expenses and income the Group believes to be applicable. |
The consolidated forecasts for the full year ending December 31, 2021 are calculated by combining the forecasts for the three months ending December 31, 2021, to the financial results of the nine months ended September 30, 2021. The consolidated forecasts for the full year ending December 31, 2021 are calculated at the rate of 109 yen per USD and 129 yen per Euro.
2. Forecasts of cash dividends for the fiscal year ending December 31, 2021 |
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|
Dividends per share |
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|
At the end of first quarter |
At the end of second quarter |
At the end of third quarter |
At the end of year |
Total |
Previous forecasts |
－ |
－ |
－ |
－ |
－ |
Forecasts as of October 28, 2021 |
|
|
|
0.00 |
0.00 |
Results for the year ending December 31, 2021 |
－ |
0.00 |
－ |
|
|
| Results for the year ended December 31, 2020 |
－ |
0.00 |
－ |
0.00 |
0.00 |
