Renesas Electronics Corporation (TSE: 6723), a premier supplier of advanced semiconductor solutions, today announced the difference between its consolidated financial forecasts, which it disclosed on July 31, 2015, and the actual results, which it disclosed today, for the six months ended September 30, 2015 (the period from April 1, 2015 to September 30, 2015).
1. Difference between consolidated forecasts and actual results for the six months ended September 30, 2015
(April 1, 2015 to September 30, 2015)
In millions of yen
| Net Sales | Operating Income | Ordinary Income | Net Income Attributable to Shareholders of Parent Company | Net Income per Share (Yen) | |
|---|---|---|---|---|---|
| Previous forecasts (As of July 31, 2015) |
364,000 | 59,000 | 58,000 | 44,000 | 26.39 |
| Actual results | 360,701 | 63,093 | 67,121 | 57,409 | 34.44 |
| Increase (decrease) | (3,299) | 4,093 | 9,121 | 13,409 | 8.05 |
| Percent change | (0.9%) | 6.9% | 15.7% | 30.5% | 30.5% |
| Reference Results for the six months ended September 30, 2014 |
416,928 | 50,526 | 49,094 | 35,118 | 21.07 |
Background to the difference
Renesas announced the following financial results for the six months ended September 30, 2015: net sales were 360.7 billion yen, 3.3 billion yen lower than the previous forecast (announced on July 31, 2015); semiconductor sales were 351.5 billion yen, 2.5 billion yen down from the previous forecast.
While semiconductor sales were lower than the previous forecast, operating income, ordinary income and net income attributable to shareholders of parent company were all better than the company’s estimates, mainly owing to the cost-containment efforts; the positive effects of a weaker yen; and lower-than-expected special loss.
Details that explain Renesas’ announcement of financial results for the six months ended September 30, 2015 are disclosed in the Renesas press release: “Renesas Electronics Reports Financial Results for the Second Quarter Ended September 30, 2015” issued on October 30, 2015.
