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Renesas Electronics Announces Consolidated Forecasts and Forecasts of Cash Dividends

TOKYO--(BUSINESS WIRE)-- 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 December 31, 2017.

1. Consolidated forecasts for the fiscal year ending December 31, 2017

(January 1, 2017 to December 31, 2017)

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 --- --- --- --- ---

Revised forecasts
(November 2, 2017)

771,000 71,000 69,000 71,000

42.59

Increase (decrease) --- --- --- --- ---
Percent change --- --- --- --- ---

Reference:
Results for the year
ended December 31,
2016

638,823

70,436

61,227

54,411

32.64

The figures of the consolidated forecasts for the fiscal year ending December 31, 2017 above are the sum of the results of the nine-month period ended September 30, 2017 and the forecasts of the three months ending December 31, 2017. The consolidated forecasts for the fiscal year ending December 31, 2017 are calculated at the rate of 111 yen per USD and 125 yen per Euro.

2. Forecasts of cash dividends for the fiscal year ending December 31, 2017

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
Previous forecasts

Forecasts as of
November 2, 2017

0.00 0.00

Results for the year ending
December 31, 2017

0.00

Results for the year ended
December 31, 2016

0.00 0.00 0.00

For the year ending December 31, 2017, while the Group expects to post net income (net income attributable to shareholders of parent company), the Group regrettably suspended year-end dividend payment for this period.

The Group will divert its retained earnings for strategic investment opportunities that will enable the Group to respond to rapid environmental changes to thrive in the global marketplace, and will aim to increase shareholder profit by improving corporate value. Based on a long-term standpoint, the Group aims to realize stable and sustained growth in profits to allow dividends to be reinstated.

Refer to Renesas Electronics' earnings report “Renesas Electronics Reports Financial Results for the Third Quarter Ended September 30, 2017” issued on November 2, 2017 for more details.

The statements with respect to the financial outlook of the Group are forward-looking statements involving risks and uncertainties. The Company cautions you in advance that actual results may vary materially from such forward-looking statements due to several important factors.

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. The number one global supplier of microcontrollers, and a leader in Analog & Power and SoC products, Renesas provides the expertise, quality, and comprehensive solutions for a broad range of Automotive, Industrial, Home Electronics (HE), Office Automation (OA) and Information Communication Technology (ICT) applications to help shape a limitless future. Learn more at renesas.com.

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Media Contacts
Renesas Electronics Corporation
Kyoko Okamoto, +81 3-6773-3001
pr@renesas.com
or
Investor Contacts
Renesas Electronics Corporation
Makie Uehara, +81 3-6773-3002
ir@renesas.com

Source: Renesas Electronics Corporation