Renesas Electronics Corporation announced consolidated financial results in accordance with IFRS for the nine months ended September 30, 2023.

Summary of Consolidated Financial Results (Note 1)

 Three months ended September 30, 2023Nine months ended September 30, 2023
Billion Yen% of RevenueBillion Yen% of Revenue
Operating profit98.025.8318.528.8 
Profit attributable to owners of parent75.319.9271.124.5 
Capital expenditures
(Note 2)
21.3 63.2 
Depreciation and amortization46.9 137.3 
R&D expenses (Note 3)61.2 173.1 
 Yen Yen 
Exchange rate (USD)142 137 
Exchange rate (EUR)156 148 
 As of September 30, 2023
 Billion Yen
Total assets3,291.2
Total equity2,056.4
Equity attributable to owners of parent2,052.1
Equity ratio attributable to owners of parent (%)62.4
Interest-bearing liabilities710.3

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 three months and nine months ended September 30, 2023.

However, the investments from Dialog Semiconductor Limited 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, which was completed on October 17, 2022, has been revised at the end of three months ended March 31, 2023. This revision to the allocation of the acquisition costs has been reflected in the consolidated financial results for the year ended December 31, 2022.

Original – Renesas Electronics