Financials Renesas Electronics Corporation

Stocks

6723

JP3164720009

Semiconductors

Delayed Japan Exchange 06:12:24 30/10/2026 +04			5-day change	1st Jan Change
2,785.00 ^JPY	-5.80%		-3.36%	+30.35%

06:12am	Bernstein Adjusts Renesas Electronics' Price Target to 5,100 Yen	MT
10-29	Renesas Electronics Corporation, Q3 2026 Earnings Call, Oct 29, 2026

Projected Income Statement: Renesas Electronics Corporation

Projected Income Statement - Annual - Renesas Electronics Corporation

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	994,418	1,500,900	1,469,415	1,348,479	1,321,200	1,671,550	1,841,893	2,031,078
Change	-	50.93%	-2.1%	-8.23%	-2.02%	26.52%	10.19%	10.27%
EBITDA ¹	320,097	639,200	581,900	486,200	464,100	631,754	728,269	826,033
Change	-	99.69%	-8.96%	-16.45%	-4.55%	36.12%	15.28%	13.42%
EBIT ¹	183,601	559,400	501,600	397,900	386,900	563,941	643,590	738,184
Change	-	204.68%	-10.33%	-20.67%	-2.76%	45.76%	14.12%	14.7%
Interest Paid ¹	-35,278	-63,280	-6,735	-10,972	-245,641	-17,778	-9,478	-4,143
Earnings before Tax (EBT) ¹	152,463	362,299	422,173	263,833	-30,275	435,918	484,713	547,900
Change	-	137.63%	16.53%	-37.51%	-111.48%	1,539.86%	11.19%	13.04%
Net income ¹	127,261	256,632	337,086	219,084	-51,800	325,108	370,514	433,036
Change	-	101.66%	31.35%	-35.01%	-123.64%	727.62%	13.97%	16.87%
Announcement Date	09/02/22	09/02/23	08/02/24	06/02/25	05/02/26	-	-	-

¹JPY in Million

Estimates

Projected Income Statement - Quarterly - Renesas Electronics Corporation

Fiscal Period: December	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	2027 Q1	2027 Q2	2027 Q3	2027 Q4	2028 Q1	2028 Q2
Net sales ¹	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	351,500	380,293	418,449	435,900	443,024	422,036	449,040	448,038	455,504	376,000	394,000
Change	-	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%	4.81%	8.19%	10.03%	4.17%	1.63%	-4.74%	6.4%	-0.22%	1.67%	-17.45%	4.79%
EBITDA ¹	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	127,800	146,200	154,300	173,400	176,758	144,682	151,347	134,000	145,000	140,000	149,000
Change	-	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%	4.33%	14.4%	5.54%	12.38%	1.94%	-18.15%	4.61%	-11.46%	8.21%	-3.45%	6.43%
EBIT ¹	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	108,000	125,400	132,700	150,500	149,378	145,217	169,244	171,715	174,598	-	-
Change	-	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%	4.65%	16.11%	5.82%	13.41%	-0.75%	-2.79%	16.55%	1.46%	1.68%	-	-
Charge d'intérêts ¹	-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	-	-51,686	-10,930	-	-7,407	-2,000	-2,000	-2,000	-2,000	-2,000	-	-
Earnings before Tax (EBT) ¹	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	18,968	84,518	170,267	515,401	108,288	115,234	130,044	132,515	135,398	-	-
Change	-	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%	-84.2%	345.58%	101.46%	202.7%	-78.99%	6.41%	12.85%	1.9%	2.18%	-	-
Net income ¹	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	17,300	68,149	149,184	372,193	90,047	79,395	86,550	85,452	90,604	70,000	76,000
Change	-	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%	-83.72%	293.92%	118.91%	149.49%	-75.81%	-11.83%	9.01%	-1.27%	6.03%	-22.74%	8.57%
Announcement Date	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	05/02/26	24/04/26	31/07/26	29/10/26	-	-	-	-	-	-	-

¹JPY in Million

Estimates

Projected Income Statement - Halfyear - Renesas Electronics Corporation

Fiscal Period: December	2022 S1	2022 S2	2023 S1	2023 S2	2024 S1	2024 S2	2025 S1	2025 S2	2026 S1	2026 S2	2027 S1	2027 S2
Net sales ¹	722,908	777,990	728,091	741,324	710,597	637,900	634,311	686,864	798,742	884,462	960,506	1,009,513
Change	-	7.62%	-6.41%	1.82%	-4.14%	-10.23%	-0.56%	8.29%	16.29%	10.73%	8.6%	5.1%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	210,005	278,600	220,522	247,800	224,100	173,800	175,700	211,200	258,200	292,596	323,678	346,314
Change	-	32.66%	-20.85%	12.37%	-9.56%	-22.45%	1.09%	20.2%	22.25%	13.32%	10.62%	6.99%
Charge d'intérêts ¹	-62,972	-308	-3,141	-3,594	-6,526	-4,446	-237,180	-	-10,664	-4,000	-4,000	-4,000
Earnings before Tax (EBT) ¹	147,423	214,876	240,611	181,562	166,042	97,791	-169,288	139,013	254,785	214,196	245,278	267,914
Change	-	45.75%	11.98%	-24.54%	-8.55%	-41.1%	-273.11%	182.12%	83.28%	-15.93%	14.51%	9.23%
Net income ¹	110,437	146,195	195,805	141,281	139,632	82,400	-175,342	123,556	217,333	171,183	196,024	214,114
Change	-	32.38%	33.93%	-27.85%	-1.17%	-40.99%	-312.79%	170.47%	75.9%	-21.23%	14.51%	9.23%
Announcement Date	28/07/22	09/02/23	27/07/23	08/02/24	25/07/24	06/02/25	25/07/25	05/02/26	31/07/26	-	-	-

¹JPY in Million

Estimates

Forecast Balance Sheet: Renesas Electronics Corporation

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	592,164	419,675	216,267	1,185,125	872,069	579,002	212,063	-280,371
Change	-	-29.13%	-48.47%	447.99%	-26.42%	-33.61%	-63.37%	-232.21%
Announcement Date	09/02/22	09/02/23	08/02/24	06/02/25	05/02/26	-	-	-

¹JPY in Million

Estimates

Cash Flow Forecast: Renesas Electronics Corporation

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
CAPEX ¹	88,000	216,400	88,223	129,889	89,151	143,142	108,400	104,120
Change	-	145.91%	-59.23%	47.23%	-31.36%	60.56%	-24.27%	-3.95%
Free Cash Flow (FCF) ¹	-355,742	381,802	229,135	210,595	328,171	351,100	431,949	495,775
Change	-	207.33%	-39.99%	-8.09%	55.83%	6.99%	23.03%	14.78%
Announcement Date	09/02/22	09/02/23	08/02/24	06/02/25	05/02/26	-	-	-

¹JPY in Million

Estimates

Forecast Financial Ratios: Renesas Electronics Corporation

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	32.19%	42.59%	39.6%	36.06%	35.13%	37.79%	39.54%	40.67%
EBIT Margin (%)	18.46%	37.27%	34.14%	29.51%	29.28%	33.74%	34.94%	36.34%
EBT Margin (%)	15.33%	24.14%	28.73%	19.57%	-2.29%	26.08%	26.32%	26.98%
Net margin (%)	12.8%	17.1%	22.94%	16.25%	-3.92%	19.45%	20.12%	21.32%
FCF margin (%)	-35.77%	25.44%	15.59%	15.62%	24.84%	21%	23.45%	24.41%
FCF / Net Income (%)	-279.54%	148.77%	67.98%	96.13%	-633.53%	107.99%	116.58%	114.49%
Profitability
ROA	7.59%	13.89%	11.27%	6.89%	-0.7%	8.57%	10.4%	10.55%
ROE	14.3%	19.1%	19.1%	9.7%	-2.1%	19.09%	11.7%	12.58%
Financial Health
Leverage (Debt/EBITDA)	1.85x	0.66x	0.37x	2.44x	1.88x	0.92x	0.29x	-
Debt / Free cash flow	-1.66x	1.1x	0.94x	5.63x	2.66x	1.65x	0.49x	-
Capital Intensity
CAPEX / Current Assets (%)	8.85%	14.42%	6%	9.63%	6.75%	8.56%	5.89%	5.13%
CAPEX / EBITDA (%)	27.49%	33.85%	15.16%	26.72%	19.21%	22.66%	14.88%	12.6%
CAPEX / FCF (%)	-24.74%	56.68%	38.5%	61.68%	27.17%	40.77%	25.1%	21%
Items per share
Cash flow per share ¹	142.9	237.5	274.1	240.4	75.73	403	322.4	363.8
Change	-	66.15%	15.44%	-12.32%	-68.49%	432.09%	-20%	12.84%
Dividend per Share ¹	-	-	-	28	28	31.47	33.21	37.33
Change	-	-	-	-	0%	12.38%	5.54%	12.4%
Book Value Per Share ¹	595.8	853.5	1,105	1,414	1,347	1,655	1,834	2,062
Change	-	43.26%	29.45%	27.96%	-4.7%	22.82%	10.84%	12.44%
EPS ¹	68.96	137.7	189.8	120.8	-28.65	179.5	200.2	229.7
Change	-	99.64%	37.84%	-36.32%	-123.71%	726.4%	11.57%	14.71%
Nbr of stocks (in thousands)	1,942,383	1,790,384	1,769,599	1,791,959	1,809,185	1,830,204	1,830,204	1,830,204
Announcement Date	09/02/22	09/02/23	08/02/24	06/02/25	05/02/26	-	-	-