Here’s a summary of the key financial data from Renesas Electronics' 2024 Interim Report:
Revenue:Total revenue for the first half of 2024 was ¥710.6 billion, down by 2.4% compared to the same period in 2023 (¥728.1 billion).
Automotive segment revenue increased by 15.1%, while the Industrial, Infrastructure, and IoT segment saw a decline of 16.1%.
Profit:Pre-tax profit was ¥166 billion, down significantly from ¥240.6 billion in the first half of 2023.
Net profit attributable to the parent company’s shareholders was ¥139.6 billion, a decrease from ¥195.8 billion in 2023.
Cash Flow:Operating cash flow reached ¥201.9 billion, down from ¥229 billion in 2023.
Investment activities saw a significant outflow of ¥287.1 billion, primarily due to capital expenditures and acquisitions.
Financing activities had a negative cash flow of ¥136.2 billion, due to debt repayments and dividend payments.
Earnings Per Share:Basic earnings per share stood at ¥78.28, down from ¥109.94 in the same period of 2023.
Assets and Liabilities:Total assets increased to ¥3.66 trillion, up from ¥3.17 trillion at the end of 2023.
Equity attributable to the parent company rose to ¥2.46 trillion, improving the equity ratio to 67.3%.
This summary reflects Renesas' stable performance in automotive segments, but highlights a significant drop in other areas like Industrial and IoT, with overall revenue and profit declining year-on-year.
Warm reminder: The above information is for reference only and not as market entry advice; investment is risky and caution is required when entering the market.
