Renesas Electronics Corporation, January-September (Third Quarter Cumulative) Net Income Decreases by 26%, July-September Net Income Decreases by 19%

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Thu Oct 31, 2024 9:00 am JST Earnings

6723 Renesas Electronics Corporation 【IFRS】

Earnings Report

Renesas Electronics Corporation <6723> [TSE-P] announced its financial results (based on IFRS) in the morning on October 31st (09:00). The consolidated net income for the cumulative third quarter of the fiscal year ending December 2024 (January to September) decreased by 26.1% from the same period last year to 200 billion yen.

In the most recent three-month period, from July to September (3Q), the consolidated net income decreased to 60.6 billion yen, a 19.4% decrease compared to the same period last year. The operating profit margin significantly dropped from 25.8% in the same period last year to 16.6%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2022	1,110,040	327,938	243,098	185,148	98.1	67.1	Oct 26, 2022	IFRS
Jan - Sep, 2023	1,107,482	318,402	343,505	271,008	152.5	81.4	Oct 26, 2023	IFRS
Jan - Sep, 2024	1,055,879	200,891	234,694	197,296	110.4	ー	Oct 31, 2024	IFRS
YoY	-4.7%	-36.9%	-31.7%	-27.2%	-27.6%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	741,324	170,274	181,592	141,311	79.6	28	Feb 8, 2024	IFRS
Jul - Dec, 2024 Guidance	ー	ー	ー	ー	－	－	Feb 8, 2024	IFRS
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	1,500,853	424,153	362,282	256,615	137.7	0	Feb 9, 2023	IFRS
Dec, 2023	1,469,415	390,766	422,173	337,086	189.8	28	Feb 8, 2024	IFRS
Dec, 2024 Guidance	ー	ー	ー	ー	－	－	Feb 8, 2024	IFRS
YoY	－	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	379,391	97,910	102,924	75,233	42.3	25.8	Oct 26, 2023	IFRS
Oct - Dec, 2023	361,933	72,364	78,668	66,078	37.2	20.0	Feb 8, 2024	IFRS
Jan - Mar, 2024	351,790	77,836	91,752	79,866	44.9	22.1	Apr 25, 2024	IFRS
Apr - Jun, 2024	358,807	69,672	74,233	59,721	33.5	19.4	Jul 25, 2024	IFRS
Jul - Sep, 2024	345,282	53,383	68,709	57,709	32.3	15.5	Oct 31, 2024	IFRS
YoY	-9.0%	-45.5%	-33.2%	-23.3%	-23.7%