Renesas Electronics Corporation announced consolidated financial results in accordance with IFRS for the year ended December 31, 2023.
Summary of Consolidated Financial Results (Note 1, 4)
| Year ended December 31, 2023 | ||
|---|---|---|
| Billion Yen | % of Revenue | |
| Revenue | 1,469.4 | 100.0 |
| Operating profit | 390.8 | 26.6 |
| Profit attributable to owners of parent | 337.1 | 22.9 |
| Capital expenditures (Note 2) | 75.5 | |
| Depreciation and amortization | 186.0 | |
| R&D expenses (Note 3) | 233.5 | |
| Yen | ||
| Exchange rate (USD) | 140 | |
| Exchange rate (EUR) | 151 | |
| As of December 31, 2023 | |
|---|---|
| Billion Yen | |
| Total assets | 3,167.0 |
| Total equity | 2,005.6 |
| Equity attributable to owners of parent | 2,001.6 |
| Equity ratio attributable to owners of parent (%) | 63.2 |
| Interest-bearing liabilities | 667.7 |
- Note 1: All figures are rounded to the nearest 100 million yen.
- Note 2: Capital expenditures refer to the amount of capital for property, plant and equipment (manufacturing equipment) and intangible assets based on the amount of investment decisions made during the year ended December 31, 2023. However, the investments from Dialog Semiconductor Limited (hereinafter “Dialog”) and Celeno Communications Inc. (hereinafter “Celeno”) are listed as an input basis. It should be noted that as of September 29, 2023, Celeno changed its company name from Celeno Communications Inc. to Renesas Semiconductor Design US Inc.
- Note 3: R&D expenses include capitalized R&D expenses recorded as intangible assets.
- Note 4: The allocation of the acquisition costs for the business combination with Steradian Semiconductors Private Limited (hereinafter “Steradian”) and Panthronics AG (hereinafter “Panthronics”) has been revised at the end of three months ended March 31, 2023, and at the end of the three months ended December 31, 2023, respectively. These revisions have been reflected in the consolidated financial results for the year ended December 31, 2022 as well as the consolidated financial results for the three months ended June 30 and September 30, 2023. As of October 12, 2023, Panthronics changed its corporate name to Renesas Design Austria GmbH.
Original – Renesas Electronics