Renesas Electronics Reports Financial Results for the First Quarter Ended March 31, 2020

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, 2019

---

0.00

---

0.00

0.00

Year ending
December 31, 2020

---

 

 

 

 

Year ending
December 31, 2020
(forecast) 

 

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 7.

3. Forecast of consolidated results for the six months ending June 30, 2020

Due to the uncertainty of impacts from the worldwide COVID-19 pandemic to Renesas’ business, it is difficult to make a reasonable calculation of the financial forecasts at this current time. For this reason, consolidated financial forecasts for the six months ending June 30, 2020 remain undetermined.

4. Others

4.1 Changes in significant subsidiaries for the three months ended March 31, 2020: Yes

(Changes in specified subsidiaries resulting in changes in scope of consolidation)
(Note) For details, please refer to page 15.
 

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

1. Changes in accounting policies with revision of accounting standard: No
2. Changes in accounting policies except for 4.2.1: Yes
3. Changes in accounting estimates: No
 

4.3 Number of shares issued and outstanding (common stock)

1. Number of shares issued and outstanding (including treasury stock)
As of March 31, 2020: 1,711,187,090 shares
As of December 31, 2019: 1,710,276,790 shares
 
2. Number of treasury stock
As of March 31, 2020: 2,581 shares
As of December 31, 2019: 2,581 shares
 
3. Average number of shares issued and outstanding
Three months ended March 31, 2020: 1,710,788,376 shares
Three months ended March 31, 2019: 1,668,427,976 shares

(Note) Information regarding the implementation of audit procedures

These financial results are not subject to audit review procedures.

Cautionary Statement

The Group will hold a quarterly earnings conference for institutional investors and analysts on April 27, 2020. The Group plans to post the materials which are provided at the meeting, on the Group’s website on that day.

Forward-Looking Statements

The statements in this press release with respect to the plans, strategies and financial outlook of Renesas Electronics Corporation 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. Among 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) delivers trusted embedded design innovation with complete semiconductor solutions that enable billions of connected, intelligent devices to enhance the way people work and live—securely and safely. A global leader in microcontrollers, analog, power, and SoC products and integrated platforms, Renesas provides the expertise, quality, and comprehensive solutions for a broad range of Automotive, Industrial, Home Electronics, Office Automation and Information Communication Technology applications to help shape a limitless future. Learn more at renesas.com.



Contact:

Media Contacts
Kyoko Okamoto
Renesas Electronics Corporation
+81 3-6773-3001
pr@renesas.com

Investor Contacts
Yoichi Kobayashi
Renesas Electronics Corporation
+81 3-6773-3002
ir@renesas.com



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