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Renesas Announces Consolidated Forecasts

Renesas Announces Consolidated Forecasts
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Renesas Announces Consolidated Forecasts and Forecasts of Cash Dividends

Press release content from Business Wire. The AP news staff was not involved in its creation.
Renesas Announces Consolidated Forecasts and Forecasts of Cash Dividends
April 28, 2021 GMT
TOKYO (BUSINESS WIRE) Apr 28, 2021
Renesas Electronics Corporation (TSE: 6723), a premier supplier of advanced semiconductor solutions, today announced the consolidated financial forecasts for the six months ending June 30, 2021 and forecasts of cash dividends.
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 revenue and gross margin are presented in the non-GAAP format, which excludes or adjusts the non-recurring items related to acquisitions and other adjustments including non-r ....

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