Renesas Electronics Reports Financial Results for the First Quarter Ended March 31, 2017

Renesas Electronics Group implemented a change of the fiscal term in which the fiscal year-end changed from March 31 to December 31, starting from the fiscal year 2016. Accordingly, the percent of change from the corresponding period of the previous year is not indicated, since the second quarter of the fiscal year ending December 31, 2017 (January 1, 2017 to June 30, 2017) and the second quarter of the previous fiscal year (April 1, 2016 to September 30, 2016) cover different periods. In addition, the Group reports its consolidated forecast on a quarterly basis (cumulative quarters) as a substitute for a yearly forecast. For details, refer to page 5 of the Appendix.

[Reference]
The following adjusted changes [%] are comparisons of forecast of consolidated results for the six months ending June 30, 2017 with consolidated results of the corresponding period of the fiscal year ended December 31, 2016 that has been adjusted to a 12-month period (January 1, 2016 to December 31, 2016).
Note that the consolidated results for the fiscal year ended December 31, 2016 adjusted for a 12-month period (January 1, 2016 to December 31, 2016) have not been subject to an audit procedure. (All numbers are in millions of yen)

Forecast of consolidated results for the six months ending June 30, 2017:

Net sales

   

Operating income

   

Ordinary income

   

Net income attributable

to shareholders of parent company

369,700 38,500 37,500 40,000
+15.6% +12.3% +36.4% +97.3%
 

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