February 09, 2022 03:05 AM Eastern Standard Time
TOKYO–Renesas Electronics Corporation (TSE: 6723), a premier supplier of advanced semiconductor solutions, today announced the consolidated financial forecasts for the three months ending March 31, 2022.
The Group reports its consolidated forecasts on a quarterly basis as a range because of the difficulty of forecasting full-year results with high accuracy due to the short-term volatility of the semiconductor market.
Additionally, in order to provide useful information to better understand the Group’s constant business results, figures such as gross margin and operating margin are presented in the non-GAAP format, which excludes or adjusts the non-recurring items related to acquisitions and other adjustments including non-recurring expenses or income from the figures based on GAAP (IFRS based) following a certain set of rules. However, the figure provided as revenue is based on IFRS and does not include non-GAAP adjustments.
The revenue forecast is provided assuming the midpoint, and the range of the forecast is listed in brackets. The gross margin and operating margin forecasts are given assuming the midpoint in the revenue forecast.
| 1. Consolidated forecasts for the three months ending March 31, 2022 | |||
| (January 1, 2022 to March 31, 2022) | In millions of yen | ||
| Revenue | Non-GAAP Gross Margin |
Non-GAAP Operating Margin |
|
| Original forecasts | — | — | — |
| Forecasts as of February 9, 2022 |
336,000
(±4,000) |
55.5% | 34.5% |
| Increase (decrease) | — | — | — |
| Percent change | — | — | — |
| Reference:
Corresponding period of the previous year |
203,678 | 50.2% | 25.8% |