Renesas Electronics Corporation (TSE:6723) today announced consolidated financial results in accordance with IFRS for the three months ended March 31, 2026.
Summary of Consolidated Financial Results (Note 2)
Summary of Consolidated Financial Results (Non-GAAP basis) (Note 3)
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Three months ended |
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Billion yen |
% of revenue |
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Revenue (Note 1) |
372.3 |
100.0 |
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Gross profit |
220.3 |
59.2 |
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Operating profit |
125.4 |
33.7 |
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Profit attributable to owners of parent |
102.9 |
27.6 |
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EBITDA (Note 4) |
146.2 |
39.3 |
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(Note) |
1. |
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The Timing business, for which a planned business transfer was announced in February 2026, has been excluded from Non‑GAAP financial measures starting from February 2026. On a basis excluding this adjustment, actual revenue amounted to 379.9 billion yen, representing an increase of 4.9 billion yen (1.3%), compared with the revenue forecast of 375.0 billion yen announced on February 5,2026. |
Summary of Consolidated Financial Results (IFRS basis)
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Three months ended |
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Billion yen |
% of revenue |
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Revenue |
380.3 |
100.0 |
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Gross profit |
223.3 |
58.7 |
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Operating profit |
90.6 |
23.8 |
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Profit attributable to owners of parent |
68.1 |
17.9 |
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EBITDA (Note 4) |
138.0 |
36.3 |
Reconciliation of Non-GAAP gross profit to IFRS gross profit and Non-GAAP operating profit to IFRS operating profit
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(Billion yen) |
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Three months ended March 31, 2026 |
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Non-GAAP gross profit |
220.3 |
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Non-GAAP gross margin |
59.2% |
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Reconciliation items in non-recurring revenue (Note 5) |
8.0 |
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Amortization of purchased intangible assets and depreciation of property, plant and equipment |
(0.1) |
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Stock-based compensation |
(0.6) |
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Other reconciliation items in non-recurring expenses and adjustments (Note 6) |
(4.2) |
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IFRS gross profit |
223.3 |
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IFRS gross margin |
58.7% |
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Non-GAAP operating profit |
125.4 |
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Non-GAAP operating margin |
33.7% |
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Reconciliation items in non-recurring revenue (Note 5) |
8.0 |
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Amortization of purchased intangible assets and depreciation of property, plant and equipment |
(26.7) |
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Stock-based compensation |
(8.2) |
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Other reconciliation items in non-recurring expenses and adjustments (Note 6) |
(7.9) |
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IFRS operating profit |
90.6 |
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IFRS operating margin |
23.8% |
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(Note) |
2. |
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All figures are rounded to the nearest 100 million yen. |
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3. |
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Non-GAAP figures are calculated by removing or adjusting non-recurring items and other adjustments from GAAP (IFRS) figures following a certain set of rules. The Group believes Non-GAAP measures provide useful information in understanding and evaluating the Group’s constant business results. |
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4. |
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Operating profit + Depreciation and amortization. |
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5. |
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Non-recurring revenue that the Group has determined should be excluded |
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6. |
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“Other reconciliation items in non-recurring expenses and adjustments” includes the non-recurring items related to acquisitions and other adjustments as well as non-recurring profits or losses the Group believes to be applicable. |
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RENESAS ELECTRONICS CORPORATION Consolidated Financial Results for the First Quarter Ended March 31, 2026 English translation from the original Japanese-language document |
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April 24, 2026 |
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Company name |
: Renesas Electronics Corporation |
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Stock exchanges on which the shares are listed |
: Tokyo Stock Exchange, Prime Market |
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Code number |
: 6723 |
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URL |
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Representative |
: Hidetoshi Shibata, President and CEO |
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Contact person |
: Tomohiko Sato, Vice President, Investor Relations Tel. +81 (0)3-6773-3002 |
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(Amounts are rounded to the nearest million yen, unless otherwise noted) |
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1. Consolidated financial results for the three months ended March 31, 2026 |
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1.1 Consolidated financial results |
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(% of change from the previous year) |
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Revenue |
Operating profit |
Profit before tax |
Profit |
Profit attributable to owners of parent |
Total comprehensive income |
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Million yen |
% |
Million yen |
%
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Million yen |
% |
Million yen |
%
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Million yen |
% |
Million yen |
% |
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Three months ended March 31, 2026 |
380,293 |
23.2 |
90,564 |
320.7 |
84,518 |
215.7 |
68,247 |
161.9 |
68,149 |
162.1 |
140,636 |
― |
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Three months ended March 31, 2025 |
308,777 |
(12.2) |
21,525 |
(72.3) |
26,769 |
(70.8) |
26,062 |
(67.4) |
26,006 |
(67.4) |
(179,335) |
― |
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Basic earnings |
Diluted earnings |
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Yen |
Yen |
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Three months ended March 31, 2026 |
37.57 |
36.96 |
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Three months ended March 31, 2025 |
14.48 |
14.30 |
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1.2 Consolidated financial position |
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Total assets |
Total equity |
Equity attributable to owners |
Ratio of equity attributable to owners |
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Million yen |
Million yen |
Million yen |
% |
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March 31, 2026 |
4,227,359 |
2,546,414 |
2,540,767 |
60.1 |
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December 31, 2025 |
4,177,163 |
2,448,451 |
2,443,034 |
58.5 |
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2. Cash dividends |
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Cash dividends per share |
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At the end of first quarter |
At the end of second quarter |
At the end of third quarter |
At the end of year |
Total |
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Yen |
Yen |
Yen |
Yen |
Yen |
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Year ended December 31, 2025 |
0.00 |
0.00 |
0.00 |
28.00 |
28.00 |
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Year ended December 31, 2026 |
0.00 |
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Year ending December 31, 2026 (forecast) |
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— |
— |
— |
— |
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(Note) Change in forecast of cash dividends since the most recently announced forecast: No |
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3. Forecast of consolidated results for the six months ending June 30, 2026 |
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(% of change from corresponding period of the previous year) |
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Non-GAAP revenue |
Non-GAAP gross margin |
Non-GAAP operating margin |
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Six months ending June 30, 2026 |
Million yen
752,842 to 767,842 |
%
18.9 to 21.2 |
%
58.1
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%pts
1.3
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%
31.3
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%pts
3.6
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(Note) |
1. |
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The Group reports its consolidated forecast on a quarterly basis as substitute for a yearly forecast in a range format. The Non-GAAP gross margin and the Non-GAAP operating margin forecasts are provided assuming the midpoint in the Non-GAAP revenue forecast. |
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2. |
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Non-GAAP figures are calculated by removing or adjusting non-recurring items and other adjustments from GAAP (IFRS) figures following a certain set of rules. The Group believes Non-GAAP measures provide useful information in understanding and evaluating the Group’s constant business results, and therefore forecasts are provided on a Non-GAAP basis. |
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4. |
Others |
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4.1 |
Changes in significant subsidiaries for the three months ended March 31, 2026: No |
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4.2 |
Changes in Accounting Policies, Changes in Accounting Estimates and Corrections of Prior Period Errors |
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| 1. |
Changes in accounting policies with revision of accounting standard: No |
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2. |
Changes in accounting policies except for 4.2.1: No |
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| 3. |
Changes in accounting estimates: No |
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4.3 |
Number of shares issued and outstanding (common stock) |
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1. |
Number of shares issued and outstanding (including treasury stock) |
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As of March 31, 2026: |
1,870,614,885 shares |
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As of December 31, 2025: |
1,870,614,885 shares |
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2. |
Number of treasury stock |
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As of March 31, 2026: |
56,320,153 shares |
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As of December 31, 2025: |
57,280,173 shares |
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| 3. |
Average number of shares issued and outstanding |
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Three months ended March 31, 2026: 1,813,959,006 shares |
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Three months ended March 31, 2025: 1,796,022,895 shares |
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(Note) |
Information regarding the implementation of audit procedures: These financial results are not subject to quarterly review procedures by the independent auditor. |
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Cautionary Statement The Group will hold an earnings conference for institutional investors and analysts on April 24, 2026. 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.
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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. A 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.
This press release is based on the economic, regulatory, market and other conditions as in effect on the date hereof. It should be understood that subsequent developments may affect the information contained in this presentation, which neither we nor our advisors or representatives are under an obligation to update, revise or affirm.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260423792907/en/
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