4.1 |
Changes in significant subsidiaries for the nine months ended September 30, 2023: No | |||
| (Changes in specified subsidiaries resulting in changes in scope of consolidation) | ||||
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: Yes |
|||
2. |
Changes in accounting policies except for 4.2.1: No |
|||
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 September 30, 2023: 1,958,454,023 shares |
||||
As of December 31, 2022: 1,958,454,023 shares |
||||
2. |
Number of treasury stock |
|||
As of September 30, 2023: 187,168,918 shares |
||||
As of December 31, 2022: 161,488,167 shares |
||||
3. |
Average number of shares issued and outstanding |
|||
Nine months ended September 30, 2023: 1,776,811,215 shares |
||||
Nine months ended September 30, 2022: 1,888,006,185 shares |
||||
(Note) |
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Information regarding the implementation of audit procedures: These financial results are not subject to quarterly review procedures by the independent auditor. |
Cautionary Statement The Group will hold an earnings conference for institutional investors and analysts on October 26, 2023. The Group plans to post the materials which are provided at the meeting, on the Group’s website on that day.
The statements with respect to the financial outlook of Renesas Electronics Corporation (hereinafter “the Company”) and its consolidated subsidiaries (hereinafter “the Group”) 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 changes in several important factors.
The allocation of the acquisition costs for the business combination with Steradian has been revised at the end of three months ended March 31, 2023. This revision to the allocation of the acquisition costs has been reflected in the consolidated financial results for the year ended December 31, 2022. For details, please refer to Appendix 1.5, “Notes to Condensed Consolidated Financial Statements (Business Combinations)” on page 17.
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About Renesas Electronics Corporation
Renesas Electronics Corporation ( TSE: 6723) empowers a safer, smarter and more sustainable future where technology helps make our lives easier. The leading global provider of microcontrollers, Renesas combines our expertise in embedded processing, analog, power and connectivity to deliver complete semiconductor solutions. These Winning Combinations accelerate time to market for automotive, industrial, infrastructure and IoT applications, enabling billions of connected, intelligent devices that enhance the way people work and live. Learn more at renesas.com. Follow us on LinkedIn, Facebook, Twitter, YouTube, and Instagram.
(FORWARD-LOOKING STATEMENTS)
The statements in this press release with respect to the plans, strategies and financial outlook of Renesas and its consolidated subsidiaries (collectively “we”) are forward-looking statements involving risks and uncertainties. Such forward-looking statements do not represent any guarantee by management of future performance. In many cases, but not all, we use such words as “aim,” “anticipate,” “believe,” “continue,” “endeavor,” “estimate,” “expect,” “initiative,” “intend,” “may,” “plan,” “potential,” “probability,” “project,” “risk,” “seek,” “should,” “strive,” “target,” “will” and similar expressions to identify forward-looking statements. You can also identify forward-looking statements by discussions of strategy, plans or intentions. These statements discuss future expectations, identify strategies, contain projections of our results of operations or financial condition, or state other forward-looking information based on our current expectations, assumptions, estimates and projections about our business and industry, our future business strategies and the environment in which we will operate in the future. Known and unknown risks, uncertainties and other factors could cause our actual results, performance or achievements to differ materially from those contained or implied in any forward-looking statement, 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.
