Renesas Electronics Corporation (TSE:6723), a premier supplier of advanced semiconductor solutions, today announced the consolidated full-year financial forecasts and forecasts of cash dividends for the fiscal year ending March 31, 2016.

 

1. Consolidated forecasts for the fiscal year ending March 31, 2016

(April 1, 2015 to March 31, 2016)

    

In millions of yen

     
    Net Sales   Operating

Income

   Ordinary Income  

Net Income Attributable
to Shareholders of
Parent Company

   Net Income per Share (Yen)
Original forecasts   ---   ---   ---   ---   ---
Forecasts as of February 9, 2016   690,000   100,000   101,500   82,000   49.19
Increase (decrease)   ---   ---   ---   ---   ---
Percent change   ---   ---   ---   ---   ---
Reference:

Results for the year ended March 31, 2015

  791,074   104,427   105,335   82,365   49.41
 

The forecasts for the fiscal year ending March 31, 2016 are sum of the results of the nine months ended December 31, 2015 and the forecasts of the three months ending March 31, 2016.

The consolidated forecasts for the fiscal year ending March 31, 2016 are calculated at the rate of 121 yen per USD and 133 yen per Euro.

 

2. Forecasts of cash dividends for the fiscal year ending March 31, 2016

 
    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
Previous forecasts   －   －   －   －   －

Forecasts as of February 9, 2016

      －       0.00   0.00
Results for the year ending March 31, 2016       0.00            
Results for the year ended March 31, 2015   －   0.00   －   0.00   0.00
       

For the year ending March 31, 2016, while the Group expects to post net income (net income attributable to shareholders of parent company) for the year ending March 31, 2016, the Group intends to forgo year-end dividend payments for this period in order to build a solid profitable financial base that can stably record net income moving forward. The Group will work toward improved results and stable performance that will allow dividends to be reinstated at the earliest possible date.

Refer to Renesas Electronics' press release “Renesas Electronics Reports Financial Results for the Third Quarter Ended December 31, 2015” issued on February 9, 2016 for more details.

Forward-Looking Statements

The statements in this press release with respect to the plans, strategies and financial outlook of Renesas Electronics 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. Amongst 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), the world’s number one supplier of microcontrollers, is a premier supplier of advanced semiconductor solutions including microcontrollers, SoC solutions and a broad-range of analog and power devices. Business operations began as Renesas Electronics in April 2010 through the integration of NEC Electronics Corporation (TSE:6723) and Renesas Technology Corp., with operations spanning research, development, design and manufacturing for a wide range of applications. Headquartered in Japan, Renesas Electronics has subsidiaries in 20 countries worldwide. More information can be found at www.renesas.com.