OREANDA-NEWS. Renesas Electronics Corporation (TSE: 6723), a premier supplier of advanced semiconductor solutions, today announced the consolidated full-year financial forecasts and forecasts of cash dividends for the fiscal year ending March 31, 2016.

1. Consolidated forecasts for the fiscal year ending March 31, 2016

(April 1, 2015 to March 31, 2016)

In millions of yen

  Net Sales Operating Income Ordinary Income Net Income Attributable to Shareholders of Parent Company Net Income per Share (Yen)
Original forecasts --- --- --- --- ---
Forecasts as of February 9, 2016 690,000 100,000 101,500 82,000 49.19
Increase (decrease) --- --- --- --- ---
Percent change --- --- --- --- ---
Reference:
Results for the year ended March 31, 2015		 791,074 104,427 105,335 82,365 49.41

The forecasts for the fiscal year ending March 31, 2016 are sum of the results of the nine months ended December 31, 2015 and the forecasts of the three months ending March 31, 2016.

The consolidated forecasts for the fiscal year ending March 31, 2016 are calculated at the rate of 121 yen per USD and 133 yen per Euro.

2. Forecasts for cash dividends for the fiscal year ending March 31, 2016

  Dividends per share
  At the end of first quarter At the end of second quarter At the end of third quarter At the end of year Total
Previous forecasts --- --- --- --- ---
Forecasts as of February 9, 2016   ---   0.00 0.00
Results for the year ending March 31, 2016   0.00      
Results for the year ended March 31, 2015 --- 0.00 --- 0.00 0.00

For the year ending March 31, 2016, while the Group expects to post net income (net income attributable to shareholders of parent company) for the year ending March 31, 2016, the Group intends to forgo year-end dividend payments for this period in order to build a solid profitable financial base that can stably record net income moving forward. The Group will work toward improved results and stable performance that will allow dividends to be reinstated at the earliest possible date.

Refer to Renesas Electronics' press release “Renesas Electronics Reports Financial Results for the Third Quarter Ended December 31, 2015” issued on February 9, 2016 for more details.

About Renesas Electronics Corporation

Renesas Electronics Corporation (TSE: 6723), the world's number one supplier of microcontrollers, is a premier supplier of advanced semiconductor solutions including microcontrollers, SoC solutions and a broad range of analog and power devices. Business operations began as Renesas Electronics in April 2010 through the integration of NEC Electronics Corporation (TSE:6723) and Renesas Technology Corp., with operations spanning research, development, design and manufacturing for a wide range of applications. Headquartered in Japan, Renesas Electronics has subsidiaries in approximately 20 countries worldwide.