Renesas Electronics Reports Financial Results for the Third

Renesas Electronics Reports Financial Results for the Third Quarter Ended September 30, 2019

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 December 31, 2018	---	0.00	---	0.00	0.00
Year ending December 31, 2019	---	0.00	---
Year ending December 31, 2019 (forecast)				0.00	0.00
(Note): Change in forecast of cash dividends since the most recently announced forecast: Yes

3. Forecast of consolidated results for the full year ending December 31, 2019

	Non-GAAP Revenue		Non-GAAP Gross Margin		Non－GAAP Operating Margin
Full year ending December 31, 2019	Million yen 708,741 to 716,741	% (6.3) to (5.3)	% 43.7	%pts (0.4)	% 12.3	%pts (1.5)

Note 1:		Change in forecast of consolidated results since the most recently announced forecast: Yes
Note 2:		The Group reports its consolidated forecast in a range format. For details, please refer to Appendix 1.3. “Consolidated Forecasts” page 6.
Note 3:		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 in non-GAAP base.

4. Others

4.1 Changes in significant subsidiaries for the nine months ended September 30, 2019: Yes
(Changes in specified subsidiaries resulting in changes in scope of consolidation)

4.2 Changes in Accounting Policies, Changes in Accounting Estimates and Corrections of Prior Period Errors

Changes in accounting policies with revision of accounting standard: Yes
Changes in accounting policies except for 4.2.1: No
Changes in accounting estimates: No

4.3 Number of shares issued and outstanding (common stock)

Number of shares issued and outstanding (including treasury stock)
As of September 30, 2019: 1,706,408,990 shares
As of December 31, 2018: 1,668,385,390 shares
Number of treasury stock
As of September 30, 2019: 2,581 shares
As of December 31, 2018: 2,581 shares
Average number of shares issued and outstanding
Nine months ended September 30, 2019: 1,689,257,809 shares
Nine months ended September 30, 2018: 1,667,523,753 shares

(Note): Information regarding the implementation of audit procedures
These financial results are not subject to audit review procedures.

Cautionary Statement
The Group discloses its consolidated financial statements in accordance with International Financial Reporting Standards (hereinafter “IFRS”) starting from the annual securities report for the fiscal year ended December 31, 2018.
As of the first quarter ended March 31, 2019, there has been a change to the Group’s auditor, and therefore quarterly figures of the year ended in December 31, 2018, provided under IFRS are not reviewed by the previous auditors. However, for each of the quarterly figures of the year ended December 31, 2018 provided under the generally accepted accounting principal in Japan (hereinafter “J-GAAP”) have been reviewed by the Group’s previous auditor.
The Group will hold a quarterly earnings conference for institutional investors and analysts on November 7, 2019. The Group plans to post the materials which are provided at the meeting, on the Group’s website on that day.
The statements with respect to the financial outlook of Renesas Electronics Corporation (hereafter “the Company”) and its consolidated subsidiaries (hereafter “the Group”) 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 changes in several important factors.
The allocation of the acquisition costs for the business combinations with Integrated Device Technology, Inc. (hereinafter “IDT”), which the Group acquired on March 30, 2019, has been revised at the end of the nine months ended September 30, 2019. The revised allocation of the acquisition costs are reflected in the Quarterly Consolidated Financial Statements of the nine months ended September 30, 2019.

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