Renesas Electronics, 35% Decrease in Net Income for the Last Fiscal Year, Current period performance is undisclosed.

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Thu Feb 6, 2025 9:00 am JST Earnings

6723 Renesas Electronics Corporation 【IFRS】

Earnings Report

Renesas Electronics Corporation <6723> [TSE Prime] announced its financial results (based on IFRS) in the morning on February 6th (09:00). The consolidated net income for the fiscal year ending December 2024 dropped 35.0% from the previous period to 219 billion yen. Furthermore, the company did not disclose the performance outlook for the fiscal year ending December 2025.

At the same time, the company decided to implement a year-end dividend of 28 yen for the previous term, which had been previously undecided, and has left the annual dividend for the current term undetermined.

In the most recent three-month period, from October to December (4Q), the consolidated net income significantly dropped to 18.8 billion yen, a 71.5% decrease compared to the same period last year. The operating profit margin sharply declined from 20.0% in the same period last year to 6.2%.

Kabutan News

Actual Results

Historical Performance

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	1,348,479	222,977	263,833	219,084	122.5	28	Feb 6, 2025	IFRS
YoY	-8.2%	-42.9%	-37.5%	-35.0%	-35.4%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Guidance	ー	ー	ー	ー	－	－	Feb 8, 2024	IFRS
Dec, 2024 Results	1,348,479	222,977	263,833	219,084	122.5	28	Feb 6, 2025	IFRS
Revision Rate	－	－	－	－	－

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan - Jun, 2024	710,597	147,565	166,042	139,632	78.3	0	Jul 25, 2024	IFRS
Jan - Jun, 2025 Guidance	ー	ー	ー	ー	－	－	Feb 6, 2025	IFRS
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2023	1,469,415	390,766	422,173	337,086	189.8	28	Feb 8, 2024	IFRS
Dec, 2024	1,348,479	222,977	263,833	219,084	122.5	28	Feb 6, 2025	IFRS
Dec, 2025 Guidance	ー	ー	ー	ー	－	－	Feb 6, 2025	IFRS
YoY	－	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
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	69,729	74,290	59,766	33.5	19.4	Jul 25, 2024	IFRS
Jul - Sep, 2024	345,282	57,229	72,555	60,629	33.9	16.6	Oct 31, 2024	IFRS
Oct - Dec, 2024	292,600	18,183	25,236	18,823	10.5	6.2	Feb 6, 2025	IFRS
YoY	-19.2%	-74.9%	-67.9%	-71.5%	-71.7%