Financials Renesas Electronics Corporation

Equities

6723

JP3164720009

Semiconductors

Market Closed - Japan Exchange Other stock markets 06:30:00 11/12/2025 GMT			5-day change	1st Jan Change
2,137.50 ^JPY	-2.40%		+10.67%	+4.45%

12-10	Renesas Releases its First Wi-Fi 6 and Wi-Fi/Blu Bluetooth LE Combo MCUs for IoT and Connected Home Applications	CI
12-03	Japan's Nikkei rises as tech shares track Wall Street higher	RE

Projected Income Statement: Renesas Electronics Corporation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	715,673	994,418	1,500,900	1,469,415	1,348,479	1,309,280	1,436,355	1,554,867
Change	-	38.95%	50.93%	-2.1%	-8.23%	-2.91%	9.71%	8.25%
EBITDA ¹	206,669	320,097	639,200	581,900	486,200	465,908	520,481	580,385
Change	-	54.88%	99.69%	-8.96%	-16.45%	-4.17%	11.71%	11.51%
EBIT ¹	65,142	183,601	559,400	501,600	397,900	377,437	425,925	470,326
Change	-	181.85%	204.68%	-10.33%	-20.67%	-5.14%	12.85%	10.42%
Interest Paid ¹	-7,549	-35,278	-63,280	-6,735	-10,972	-241,180	-4,974	-6,712
Earnings before Tax (EBT) ¹	65,216	152,463	362,299	422,173	263,833	57,565	299,482	342,790
Change	-	133.78%	137.63%	16.53%	-37.51%	-78.18%	420.25%	14.46%
Net income ¹	45,626	127,261	256,632	337,086	219,084	-54,082	221,187	265,900
Change	-	178.92%	101.66%	31.35%	-35.01%	-124.69%	508.99%	20.21%
Announcement Date	10/02/21	09/02/22	09/02/23	08/02/24	06/02/25	-	-	-

¹JPY in Million

Estimates

Fiscal Period: December	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	178,700	191,580	203,678	217,900	258,400	314,432	346,696	376,620	387,100	390,860	359,374	368,717	379,391	361,933	351,790	358,800	345,300	292,600	308,777	325,534	335,364	341,765	335,626	352,930	366,151	372,908
Change	-	7.21%	6.31%	6.98%	18.59%	21.68%	10.26%	8.63%	2.78%	0.97%	-8.06%	2.6%	2.89%	-4.6%	-2.8%	1.99%	-3.76%	-15.26%	5.53%	5.43%	3.02%	1.91%	-1.8%	5.16%	3.75%	1.85%
EBITDA ¹	51,706	51,456	62,661	68,800	88,200	100,436	155,200	165,147	163,400	155,500	144,300	149,000	152,600	136,000	133,800	132,800	121,400	98,200	103,500	110,200	122,500	119,192	114,765	118,389	122,631	131,000
Change	-	-0.48%	21.78%	9.8%	28.2%	13.87%	54.53%	6.41%	-1.06%	-4.83%	-7.2%	3.26%	2.42%	-10.88%	-1.62%	-0.75%	-8.58%	-19.11%	5.4%	6.47%	11.16%	-2.7%	-3.71%	3.16%	3.58%	6.82%
EBIT ¹	17,200	17,635	30,191	35,500	53,800	64,116	135,500	145,319	142,800	135,700	123,265	97,257	98,006	115,500	113,500	110,600	98,400	75,400	83,800	91,900	103,200	94,603	93,343	100,878	108,349	110,659
Change	-	2.53%	71.2%	17.58%	51.55%	19.17%	111.34%	7.25%	-1.73%	-4.97%	-9.16%	-21.1%	0.77%	17.85%	-1.73%	-2.56%	-11.03%	-23.37%	11.14%	9.67%	12.3%	-8.33%	-1.33%	8.07%	7.41%	2.13%
Charge d'intérêts ¹	-1,639	-	-14,185	-	-5,446	-	-21,223	-	-22,517	22,209	-1,768	-1,373	-3,428	-166	-4,134	-2,392	-	-4,462	-4,557	-239,678	-2,000	-2,000	-2,000	-2,000	-2,000	-2,000
Earnings before Tax (EBT) ¹	16,823	18,624	17,624	33,112	50,045	51,682	78,996	68,681	95,679	119,197	127,762	112,849	103,020	78,542	91,752	74,290	72,555	25,236	26,769	-196,057	120,045	52,509	52,829	63,435	72,846	74,778
Change	-	10.71%	-5.37%	87.88%	51.14%	3.27%	52.85%	-13.06%	39.31%	24.58%	7.19%	-11.67%	-8.71%	-23.76%	16.82%	-19.03%	-2.34%	-65.22%	6.07%	-832.4%	161.23%	-56.26%	0.61%	20.08%	14.84%	2.65%
Net income ¹	15,300	7,114	13,714	24,000	37,800	51,804	59,784	50,554	74,700	71,479	105,211	90,594	75,329	65,952	79,866	59,800	60,600	21,800	26,006	-201,348	106,256	35,508	50,201	52,530	60,892	59,380
Change	-	-53.5%	92.77%	75%	57.5%	37.05%	15.4%	-15.44%	47.76%	-4.31%	47.19%	-13.89%	-16.85%	-12.45%	21.1%	-25.12%	1.34%	-64.03%	19.29%	-874.24%	152.77%	-66.58%	41.38%	4.64%	15.92%	-2.48%
Announcement Date	29/10/20	10/02/21	28/04/21	29/07/21	28/10/21	09/02/22	27/04/22	28/07/22	26/10/22	09/02/23	27/04/23	27/07/23	26/10/23	08/02/24	25/04/24	25/07/24	31/10/24	06/02/25	24/04/25	25/07/25	30/10/25	-	-	-	-	-

¹JPY in Million

Estimates

Fiscal Period: December	2021 S1	2021 S2	2022 S1	2022 S2	2023 S1	2023 S2	2024 S1	2024 S2	2025 S1	2025 S2	2026 S1	2026 S2
Net sales ¹	421,553	572,865	722,908	777,990	728,091	741,324	710,597	637,900	634,311	670,792	695,387	762,651
Change	-	35.89%	26.19%	7.62%	-6.41%	1.82%	-4.14%	-10.23%	-0.56%	5.75%	3.67%	9.67%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	65,661	117,940	210,005	278,600	220,522	247,800	224,100	173,800	175,700	185,235	194,664	226,023
Change	-	79.62%	78.06%	32.66%	-20.85%	12.37%	-9.56%	-22.45%	1.09%	5.43%	5.09%	16.11%
Charge d'intérêts ¹	-16,355	-	-62,972	-308	-3,141	-3,594	-6,526	-4,446	-237,180	-4,000	-4,000	-4,000
Earnings before Tax (EBT) ¹	50,736	101,727	147,423	214,876	240,611	181,562	166,042	97,791	-169,288	106,835	116,264	147,623
Change	-	100.5%	44.92%	45.75%	11.98%	-24.54%	-8.55%	-41.1%	-273.11%	163.11%	8.83%	26.97%
Net income ¹	37,705	89,556	110,437	146,195	195,805	141,281	139,632	82,400	-175,342	85,380	92,916	117,978
Change	-	137.52%	23.32%	32.38%	33.93%	-27.85%	-1.17%	-40.99%	-312.79%	148.69%	8.83%	26.97%
Announcement Date	29/07/21	09/02/22	28/07/22	09/02/23	27/07/23	08/02/24	25/07/24	06/02/25	25/07/25	-	-	-

¹JPY in Million

Estimates

Forecast Balance Sheet: Renesas Electronics Corporation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	481,012	592,164	419,675	216,267	1,185,125	1,066,203	843,846	593,635
Change	-	23.11%	-29.13%	-48.47%	447.99%	-10.03%	-20.86%	-29.65%
Announcement Date	10/02/21	09/02/22	09/02/23	08/02/24	06/02/25	-	-	-

¹JPY in Million

Estimates

Cash Flow Forecast: Renesas Electronics Corporation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	22,261	88,000	216,400	88,223	129,889	83,019	86,615	81,780
Change	-	295.31%	145.91%	-59.23%	47.23%	-36.08%	4.33%	-5.58%
Free Cash Flow (FCF) ¹	183,700	-355,742	381,802	229,135	210,595	260,400	314,933	356,711
Change	-	-293.65%	207.33%	-39.99%	-8.09%	23.65%	20.94%	13.27%
Announcement Date	10/02/21	09/02/22	09/02/23	08/02/24	06/02/25	-	-	-

¹JPY in Million

Estimates

Forecast Financial Ratios: Renesas Electronics Corporation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	28.88%	32.19%	42.59%	39.6%	36.06%	35.59%	36.24%	37.33%
EBIT Margin (%)	9.1%	18.46%	37.27%	34.14%	29.51%	28.83%	29.65%	30.25%
EBT Margin (%)	9.11%	15.33%	24.14%	28.73%	19.57%	4.4%	20.85%	22.05%
Net margin (%)	6.38%	12.8%	17.1%	22.94%	16.25%	-4.13%	15.4%	17.1%
FCF margin (%)	25.67%	-35.77%	25.44%	15.59%	15.62%	19.89%	21.93%	22.94%
FCF / Net Income (%)	402.62%	-279.54%	148.77%	67.98%	96.13%	-481.49%	142.38%	134.15%
Profitability
ROA	3.98%	7.59%	13.89%	11.27%	6.89%	-0.4%	5.17%	5.83%
ROE	7.4%	14.3%	19.1%	19.1%	9.7%	10.27%	12.78%	12.77%
Financial Health
Leverage (Debt/EBITDA)	2.33x	1.85x	0.66x	0.37x	2.44x	2.29x	1.62x	1.02x
Debt / Free cash flow	2.62x	-1.66x	1.1x	0.94x	5.63x	4.09x	2.68x	1.66x
Capital Intensity
CAPEX / Current Assets (%)	3.11%	8.85%	14.42%	6%	9.63%	6.34%	6.03%	5.26%
CAPEX / EBITDA (%)	10.77%	27.49%	33.85%	15.16%	26.72%	17.82%	16.64%	14.09%
CAPEX / FCF (%)	12.12%	-24.74%	56.68%	38.5%	61.68%	31.88%	27.5%	22.93%
Items per share
Cash flow per share ¹	108.8	142.9	237.5	274.1	240.4	204	236.4	256.4
Change	-	31.3%	66.15%	15.44%	-12.32%	-15.13%	15.88%	8.48%
Dividend per Share ¹	-	-	-	-	28	28.76	31.38	36.8
Change	-	-	-	-	-	2.7%	9.13%	17.27%
Book Value Per Share ¹	356.1	595.8	853.5	1,105	1,414	1,325	1,425	1,539
Change	-	67.31%	43.26%	29.45%	27.96%	-6.28%	7.53%	8.03%
EPS ¹	26.54	68.96	137.7	189.8	120.8	-26.65	126.3	154.4
Change	-	159.83%	99.64%	37.84%	-36.32%	-122.05%	574.02%	22.21%
Nbr of stocks (in thousands)	1,729,605	1,942,383	1,790,384	1,769,599	1,791,959	1,812,257	1,812,257	1,812,257
Announcement Date	10/02/21	09/02/22	09/02/23	08/02/24	06/02/25	-	-	-