Today, Renesas announced the consolidated financial forecasts and recording of special loss for the three months ending June 30, 2016. Due to impacts of the Kumamoto Earthquake that occurred after April 14, 2016, it was difficult to disclose the forecast of consolidated results for the three months ending June 30, 2016 at the time Renesas Electronics Corporation announced its financial results for the year ended March 31, 2016 on May 11, 2016. For that reason, Renesas decided to postpone the announcement of the forecast.
Renesas Semiconductor Manufacturing Co., Ltd.’s Kawashiri Factory and some subcontractor companies suffered damages to their facilities during the 2016 Kumamoto Earthquake. Renesas Group expects an opportunity loss of 14.0 billion yen for its net sales and 8.0 billion yen loss for its operating income due to suspending production. The Group also expects to record a loss of 8.0 billion yen, caused by the temporary shutdown and lower operations, the repair cost of fixed assets, including buildings and manufacturing equipment, and the loss on disposal of inventories, as special loss.
Following is a comparison of the actual results for the three months ended June 30, 2015 and current forecasts as of June 7, 2016: Net Sales, 145,000 million Yen for 2016 versus 179,302 million Yen for 2015; Operating Income, 10,000 million Yen for 2016 versus 32,363 million Yen for 2015; Ordinary Income, 8,000 million Yen for 2016 versus 33,367 million Yen for 2015; Net Income Attributable to Shareholders of Parent Company, 1,000 million Yen for 2016 versus 29,872 million Yen for 2015; and Net Income per Share, 0.60 Yen for 2016 versus 17.92 Yen for 2015.
The consolidated forecasts for the three months ending June 30, 2016 are calculated at the rate of 110 yen per USD and 124 yen per Euro.
